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Profile - Texas Equipment Corp. (OTC BB:TEXQE.OB)
As of 31-Aug-2001
Enter symbol:
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More Info: News | Profile
Recent Events
Aug 31Price hit new 52-week low ($0.03)
Location
1305 Hobbs Hwy
Seminole, TX 79360
Phone: (915) 758-3643
Fax: (915) 758-1215
Employees (last reported count): 128
Financial Links
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Capital Goods
 ·Industry: Constr. & Agric. Machinery
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 29%
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Texas Equipment Corp. operates eight retail stores in two states, specializing in the distribution, sales, service and rental of agricultural equipment, primarily supplied by Deere & Company and its subsidiaries (Deere). The Company's stores are located in West Texas and Eastern New Mexico. Deere, a manufacturer and supplier of agricultural equipment in the United States, is the primary supplier of the equipment and parts sold by the Company. The Company's stores also offer complementary equipment from other suppliers and used equipment as part of its wholegoods business segment. As part of its product support business segment, the Company offers new and used parts, equipment rental and repair service, and other related products and services. In July 2001, the Company filed for protection under Chapter 11 of the United States Bankruptcy Code.
More from Market Guide: Expanded Business Description

Financial Summary
TEXQE operates retail stores in two states, specializing in the distribution, sales, service and rental of agricultural equipment, primarily supplied by Deere and Company and its subsidiaries. For the three months ended 3/31/01, revenues fell 40% to $10.6 million. Net loss totalled $806 thousand, up from $111 thousand. Revenues reflect a decrease in new tractor sales and weak commodity prices. Higher loss also reflects lower interest income.
More from Market Guide: Significant Developments

Officers
FY1999 Pay

Paul Condit, 67
Pres, CEO, Director
$250.0K
E. A. Milo Mattorano, 55
VP, CFO, Director
155.0K
John Condit, 36
Sec., Treasurer, Director
2.0K
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:TEXQE.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 31-Aug-2001
$0.03 
Recent Price$0.03 
52-Week High
on 29-Sep-2000
$0.75 
Daily Volume (3-month avg)2,273 
Daily Volume (10-day avg)0 
Stock Performance
52-Week Change-92.0%
52-Week Change
relative to S&P500
-89.3%
Share-Related Items
Market Capitalization$114.0K
Shares Outstanding3.81M
Float2.70M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$0.87 
Earnings (ttm)-$0.97 
Earnings (mrq)-$0.21 
Sales (ttm)$13.30 
Cash (mrq)$0.00 
Valuation Ratios
Price/Book (mrq)0.04 
Price/EarningsN/A 
Price/Sales (ttm)0.00 
Income Statements
Sales (ttm)$50.6M
EBITDA (ttm)-$1.86M
Income available to common (ttm)-$3.69M
Profitability
Profit Margin (ttm)-7.3%
Operating Margin (ttm)-4.8%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter31-Mar-2001
Management Effectiveness
Return on Assets (ttm)-11.25%
Return on Equity (ttm)-66.39%
Financial Strength
Current Ratio (mrq)0.95 
Debt/Equity (mrq)2.75 
Total Cash (mrq)$7,000 
Short Interest
Shares ShortN/A 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 31-Mar-2001)

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