Steven Cardin - Altex Industries Chairman and CEO

ALTX Stock  USD 0.30  0.06  25.00%   

Chairman

Mr. Steven H. Cardin is Chairman of the Board, Chief Executive Officer of the Company. He is an economist, formerly with The Conference Board and the consulting firm, National Economics Research Associates, was Chairman and CEO of the Company for over five years, and a Director since 1984. Mr. Jeffrey S. Chernow, 67, a lawyer, formerly Director of Enforcement in the Division of Securities, State of Maryland, Office of the Attorney General, was in private practice in Maryland for over five years, and a Director since 1989. Mr. Stephen F. Fante, 62, a CPA, was Chairman and CEO of IMS, which provided computerized accounting systems to the oil and gas industry and was a reseller of microcomputer products to the Fortune 1000, and was Chairman and CEO of Seca Graphics, Inc., which provided design and mapping services and software to the cable television and telecommunications industries. Mr. Fante was a private investor for the last five years and currently owns and operates CB Paws, which retails highend accessories for dogs and cats. Mr. Fante was a Director since 1989. since 1984.
Age 72
Tenure 40 years
Phone780 468 6862
Webhttps://altexinc.com

Altex Industries Management Efficiency

The company has return on total asset (ROA) of (0.0663) % which means that it has lost $0.0663 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2267 %, meaning that it created $0.2267 on every $100 dollars invested by stockholders. Altex Industries' management efficiency ratios could be used to measure how well Altex Industries manages its routine affairs as well as how well it operates its assets and liabilities.
Altex Industries currently holds 77 K in liabilities with Debt to Equity (D/E) ratio of 0.06, which may suggest the company is not taking enough advantage from borrowing. Altex Industries has a current ratio of 2.15, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Altex Industries until it has trouble settling it off, either with new capital or with free cash flow. So, Altex Industries' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Altex Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Altex to invest in growth at high rates of return. When we think about Altex Industries' use of debt, we should always consider it together with cash and equity.

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Altex Industries, Inc., through its subsidiary, Altex Oil Corporation, owns interests in productive onshore oil and gas properties located in Utah and Wyoming. The company was incorporated in 1985 and is based in Denver, Colorado. Altex Industries operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. Altex Industries [ALTX] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

Altex Stock Performance Indicators

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Additional Tools for Altex Pink Sheet Analysis

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