Origin Agritech LTD (SEED) — the dividend is covered by nothing
Fiscal year ending 2025-09-30 · sector Consumer staples · payout ratios computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | negative | The company lost $1.00 per share, so there are no earnings to pay a dividend out of and no ratio exists. |
| Operating cash flow | negative | Operations consumed $3.2m of cash rather than producing any, so no ratio exists. |
| Free cash flow | negative | Operating cash flow was $4.8m short of capital spending, so no ratio exists. The dividend was not funded from free cash flow this year. |
Nothing is marked as applying, deliberately — no basis produces a ratio. Earnings, operating cash flow and free cash flow are all negative, so there is no denominator to divide the dividend by. That is not a gap in the data; it is the answer. The dividend was funded from something other than the money the business made this year — borrowing, cash on hand, or asset sales — and the filing will say which.
Coverage rating 34 / 100 — Strained. ? Peer standing 9/50Direction 15/30Stability 10/20
The arithmetic
- GAAP earnings — dividends declared per share $0.02 ÷ diluted EPS $-1.00
- Operating cash flow — dividends paid $0.2m ÷ operating cash flow $-3.2m
- Free cash flow — dividends paid $0.2m ÷ (operating cash flow $-3.2m − capex $1.6m)
Where the figures came from
- 20-F filed 2026-01-30 · accession
0001104659-26-008700
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- DPS derived from dividends paid ($0.02); no per-share tag filed
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.