HLLXF (Hellix Ventures) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


What is Hellix Ventures Beneish M-Score?

Hellix Ventures HLLXF -99.00% Beneish M-Score is 0.00 as of Jun. 26, 2026.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

The historical rank and industry rank for Hellix Ventures's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Hellix Ventures was 0.00. The lowest was 0.00. And the median was 0.00.

Hellix Ventures Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Hellix Ventures's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hellix Ventures Beneish M-Score Chart

Hellix Ventures Annual Data
Trend Jul04 Jul05 Jul06 Jul07 Jul08 Jul09 Jul10 Jul11 Jul12 Jul13
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.82 8.55 16.32 -3.63 0.20

Hellix Ventures Quarterly Data
Jul09 Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10,000,000.00 0.20 -1.35 -0.55 -4.66

HLLXF vs EXNT, SNECQ: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, Hellix Ventures's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hellix Ventures Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hellix Ventures's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Hellix Ventures's Beneish M-Score falls into.


Hellix Ventures Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Hellix Ventures for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 0.094+0.528 * 0.4406+0.404 * 2.5639+0.892 * 1.1959+0.115 * 0.047
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.9686+4.679 * -0.273256-0.327 * 2.7137
=-4.92

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Apr14) TTM:Last Year (Apr13) TTM:
Total Receivables was $0.01 Mil.
Revenue was 0.022 + 0.024 + 0.035 + 0.035 = $0.12 Mil.
Gross Profit was 0.01 + 0.01 + 0.015 + 0.003 = $0.04 Mil.
Total Current Assets was $1.66 Mil.
Total Assets was $1.72 Mil.
Property, Plant and Equipment(Net PPE) was $0.05 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.02 Mil.
Selling, General, & Admin. Expense(SGA) was $1.16 Mil.
Total Current Liabilities was $0.43 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.459 + -0.165 + -0.088 + -0.201 = $-0.91 Mil.
Non Operating Income was -0.031 + 0.131 + 0.037 + 0.074 = $0.21 Mil.
Cash Flow from Operations was -0.699 + -0.41 + -0.025 + 0.48 = $-0.65 Mil.
 Total Receivables was $0.09 Mil.
Revenue was 0.027 + 0.019 + 0.026 + 0.025 = $0.10 Mil.
Gross Profit was 0.008 + 0.007 + 0.01 + -0.011 = $0.01 Mil.
Total Current Assets was $2.60 Mil.
Total Assets was $4.96 Mil.
Property, Plant and Equipment(Net PPE) was $2.35 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.03 Mil.
Selling, General, & Admin. Expense(SGA) was $0.49 Mil.
Total Current Liabilities was $0.46 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(0.01 / 0.116) / (0.089 / 0.097)
=0.086207 / 0.917526
=0.094

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(0.014 / 0.097) / (0.038 / 0.116)
=0.14433 / 0.327586
=0.4406

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (1.66 + 0.052) / 1.72) / (1 - (2.604 + 2.349) / 4.962)
=0.004651 / 0.001814
=2.5639

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=0.116 / 0.097
=1.1959

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(0.025 / (0.025 + 2.349)) / (0.015 / (0.015 + 0.052))
=0.010531 / 0.223881
=0.047

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(1.163 / 0.116) / (0.494 / 0.097)
=10.025862 / 5.092784
=1.9686

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((0 + 0.428) / 1.72) / ((0 + 0.455) / 4.962)
=0.248837 / 0.091697
=2.7137

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(-0.913 - 0.211 - -0.654) / 1.72
=-0.273256

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Hellix Ventures has a M-score of -4.92 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Hellix Ventures (HLLXF) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hellix Ventures and its competitors.
Is Hellix Ventures' Beneish M-Score too high?
Hellix Ventures' current Beneish M-Score is 0.00.
How does Hellix Ventures' Beneish M-Score compare to EXNT and SNECQ?
Hellix Ventures' Beneish M-Score of 0.00 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for an Oil & Gas company?
A good Beneish M-Score depends on the Oil & Gas industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hellix Ventures and its competitors. Hellix Ventures's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hellix Ventures stock overvalued right now?
Hellix Ventures (HLLXF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Hellix Ventures (HLLXF), the current Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Hellix Ventures Business Description

Industry EnergyOil & Gas
Address 1030 Denman Street, Suite 125A, Vancouver, BC, CAN, V6G 2M6
Hellix Ventures Inc is a Canada-based natural resource company. The company is engaged in the identification, acquisition, exploration and development of resource properties. Its operating segments include oil and gas operation and mineral property exploration.