Pacific Ethanol Inc (NASDAQ:PEIX)
About Pacific Ethanol Inc (NASDAQ:PEIX) Pacific Ethanol, Inc. is a marketer and producer of low carbon renewable fuels in the Western United States. It produces and sells ethanol and its coproducts, including wet distillers grain and provides transportation, storage and delivery of ethanol through thirdparty service providers in the Western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho and Washington. On May 17, 2009, five of its indirect wholly owned subsidiaries, Pacific Ethanol Holding Co. LLC, Pacific Ethanol Madera LLC, Pacific Ethanol Columbia, LLC, Pacific Ethanol Stockton, LLC and Pacific Ethanol Magic Valley, LLC, each commenced a case by filing voluntary petitions for relief under the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware in an effort to restructure their indebtedness. In June 2010, Pacific Ethanol Inc. announced the emergence from bankruptcy of Pacific Ethanol Holding Co. LLC (PEH) and its four wholly owned subsidiaries.
Statistics Symbol
PEIX
EPS
3.22
Current Price
$0.808
Market Capitalization:
$72.10M
52 week range
$0.37 $2.44
Shares Outstanding
89.23M
Avg Volume
2.87M
Beta Value
1.39
Financials Pacific Ethanol Inc (NASDAQ:PEIX) As per its financials ending on September 10, 2010 Pacific Ethanol (PEIX) produced total revenue of $46.04 million which is considerably less than last quarter’s revenue which was $76.76 million. Net income has decreased enormously which led to decrease in EPS by 265 percent. The company’s cash flow from operations has decreased to negative $13.65 million from last quarter ending cash flow of negative $7.96 million. That is not a strong sign and it would be facing some problems to repay debts. According to current financials total assets of company accumulate up to $55.47 million and its total liabilities and equity stand at $51.54 million and $39.33 million respectively. Current ratio stands 1.31 times that depicts that company has 0.31 time more current assets than its current liabilities which is a good sign and there are less chances that company will have financial problems in short term in future.
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