EQS

#5431
Equus Total Return, Inc. Common Stock
1.0 3 USD
+0.01%
Market Price
Settore: Finanziario
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
1.03
1.03
Intervallo Annuale
1.01
2.49
Variazione giornaliera
+0.98%
Variazione Mensile
-10.43%
Variazione di 6 mesi
-28.97%
Variazione Annuale
-55.60%
Chiusura Precedente
1.0 2
Open
1.0 3
Minimo
1.0 3
Massimo
1.0 3
Volume
1
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Dividendi Documents

2026

Current report, Q3 FY2026
EQUUS TOTAL RETURN, INC. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
EQUUS TOTAL RETURN, INC. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
EQUUS TOTAL RETURN, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
EQUUS TOTAL RETURN, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
EQUUS TOTAL RETURN, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
EQUUS TOTAL RETURN, INC. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
EQUUS TOTAL RETURN, INC. quarterly report, Q1 FY2026
10-Q

2025

Annual report, Q4 FY2025
EQUUS TOTAL RETURN, INC. annual report, Q4 FY2025
10-K
Current report, Q4 FY2025
EQUUS TOTAL RETURN, INC. current report, Q4 FY2025
8-K
Quarterly report, Q3 FY2025
EQUUS TOTAL RETURN, INC. quarterly report, Q3 FY2025
10-Q

EQUUS TOTAL RETURN, INC. quarterly report, Q1 FY2011

Full document

Business Context and Reporting Period

Company: EQUUS TOTAL RETURN, INC. (a Delaware Corporation and Business Development Company)

Filing Type: Form 10-Q (Quarterly Report)

Reporting Period: Three months ended March 31, 2011

Business Overview: The Company seeks total return through capital appreciation and current income by investing in equity and equity-oriented securities of privately-owned companies. Management was internalized in June 2009, eliminating external investment advisory fees. The Company suspended its managed distribution policy in March 2009.

Key Financial Metrics

Metric Q1 2011 Q1 2010
Total Assets $42.96 million $53.45 million (Dec 31, 2010)
Net Assets $36.33 million $38.05 million (Dec 31, 2010)
Net Asset Value (NAV) per Share $4.10 $4.29 (Dec 31, 2010)
Investment Income $0.44 million $0.85 million
Total Expenses $1.13 million $0.90 million
Net Investment Loss $(0.69) million $(0.05) million
Net Realized Loss $(0.86) million $(0.004) million
Net Decrease in Net Assets from Operations $(1.72) million $(0.75) million
Cash and Cash Equivalents $17.17 million $7.38 million (Dec 31, 2010)
Borrowings (Margin Account) $6.00 million $15.00 million (Dec 31, 2010)
Portfolio Investments (Fair Value) $16.85 million $27.66 million (Dec 31, 2010)

Material Changes vs. Prior Period

  • Portfolio Reduction: Total portfolio investments at fair value decreased by approximately $10.8 million (from $27.7 million to $16.9 million) due to significant dispositions of assets in 1848 Capital Partners, Big Apple Entertainment Partners, and London Bridge Entertainment Partners.
  • Liquidity Increase: Cash and cash equivalents increased by $9.8 million, driven by net proceeds of $9.7 million from the disposition of portfolio securities.
  • Debt Reduction: Borrowings under the margin account decreased by $9.0 million as the Company repaid loans to maintain Regulated Investment Company (RIC) status.
  • Expense Increase: Total expenses rose by $0.23 million, primarily due to a $0.12 million litigation settlement expense and increased compensation expenses related to accrued bonuses.
  • Realized Losses: The Company recorded a net realized loss of $0.86 million, compared to negligible losses in the prior year, largely attributed to a $0.99 million loss on the sale of London Bridge Entertainment Partners notes.

Outlook, Risks, and Unusual Items

  • Management Commentary: The Company continues to prioritize liquidity preservation and monetization of assets. Management believes operating cash flow and cash on hand are sufficient for the next 12 months. The stock trades at a significant discount to NAV (36.6% as of March 31, 2011).
  • Unusual Items:
    • Settlement Expense: A $120,000 one-time settlement fee was incurred regarding a lease dispute with American General Life Insurance Company.
    • Executive Compensation: The Executive Chairman received a $150,000 cash bonus for fiscal 2011 following the completion of a $10 million asset sale transaction.
  • Risks and Contingencies:
    • Valuation Uncertainty: Approximately 100% of portfolio securities are privately held and valued using Level 3 inputs (unobservable), creating subjectivity in fair value determinations.
    • RIC Status: The Company relies on margin borrowings to maintain RIC tax status. Failure to secure these borrowings could result in corporate-level taxation.
    • Legal Proceedings: The Company received a "Wells" notice from the SEC regarding potential violations related to a 2005 administrative fee and officer compensation; no formal enforcement action has been decided.
  • Subsequent Events:
    • On April 1, 2011, the Company repaid its $6.0 million margin loan.
    • On April 27, 2011, the Company entered into transactions to purchase bonds from Orco Germany S.A. in exchange for newly issued common stock.

Investor Verification Checklist

  • Valuation Methodology: Verify the assumptions used for Level 3 fair value measurements, particularly for the $16.9 million in private portfolio securities.
  • Liquidity Strategy: Confirm the sustainability of the "monetization" strategy and the timeline for remaining illiquid assets.
  • Legal Exposure: Monitor the status of the SEC Wells notice and the finalization of the American General settlement.
  • Capital Structure: Review the terms of the new Orco Germany bond purchase and the impact of issuing 1.7 million new shares on existing shareholder dilution.
  • Expense Ratios: Analyze the impact of internalized management costs versus the previous external advisory fee structure on long-term returns.

Notizie