Chicago Rivet & Machine Co
Chicago Rivet & Machine Co has a current ratio of 5.21, indicating strong short-term liquidity, supported by $1.7 million in cash and equivalents and $4.5 million in total liabilities [doc:HA-latest]. The company's debt-to-equity ratio is 0.03, reflecting a conservative capital structure with minimal long-term debt obligations [doc:HA-latest]. However, the company reported negative operating and net income in the latest period, with operating income at -$1.197 million and net income at -$1.083 million [doc:HA-latest]. Profitability metrics show a return on equity of -5.75% and a return on assets of -4.65%, both significantly below the industry median for machinery and automotive parts firms [doc:HA-latest]. The company's gross profit of $4.126 million on $27.89 million in revenue suggests margin pressures, with a gross margin of 14.8% [doc:HA-latest]. These figures indicate a need for operational improvements to align with industry benchmarks. The company's revenue is concentrated in the North American automotive industry, with no disclosed diversification into other markets. The fastener segment, which includes H&L Tool Company Inc., and the assembly equipment segment are both tied to automotive demand [doc:HA-latest]. The geographic concentration and reliance on a single industry increase exposure to cyclical downturns in the automotive sector. Outlook data indicates a challenging near-term trajectory, with no significant revenue growth expected in the current fiscal year. The company's operating cash flow was -$1.228 million, and free cash flow was -$313,170, reflecting ongoing cash burn [doc:HA-latest]. Capital expenditures of -$331,670 further highlight the need for investment to sustain operations and improve profitability. Risk factors include low liquidity and the potential for dilution, though no immediate filing-based flags were detected. The company's low debt levels and strong cash position mitigate some financial risks, but the negative net income and operating cash flow suggest operational challenges [doc:HA-latest]. No dilution sources were identified in the latest filings, and the probability of near-term dilution is low [doc:HA-latest]. Recent events include the continued operation of the company's facilities in Madison Heights, Michigan, and Albia, Iowa, with no significant new filings or transcripts indicating strategic shifts. The company's focus remains on its core automotive fastener and assembly equipment markets [doc:HA-latest].
Business. Chicago Rivet & Machine Co operates in the fastener and assembly equipment industry, serving primarily the North American automotive sector through the manufacture and sale of rivets, cold-formed fasteners, and automatic rivet setting machines [doc:HA-latest].
Classification. The company is classified under the Consumer Cyclicals economic sector, Automobiles & Auto Parts business sector, and Auto, Truck & Motorcycle Parts industry with a confidence level of 0.92 [doc:verified market data].
- Chicago Rivet & Machine Co has a strong liquidity position but is currently unprofitable, with negative operating and net income.
- The company's capital structure is conservative, with a low debt-to-equity ratio and significant cash reserves.
- Profitability metrics are below industry medians, indicating a need for operational improvements.
- Revenue is heavily concentrated in the North American automotive industry, increasing exposure to sector-specific risks.
- The company's outlook is cautious, with no significant revenue growth expected in the near term.
- No immediate liquidity or dilution risks were identified, but ongoing cash burn and negative net income remain concerns.
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- No immediate filing-based liquidity or dilution flags were detected.