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Commonwealth Income and Growth Fund V  (CIGF5)
Other Ticker:  
 
    Sector  Services    Industry Rental & Leasing
   Industry Rental & Leasing
   Sector  Services
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 1
 Employees 45
 Revenues (TTM) (Millions $) 0
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Commonwealth Income And Growth Fund V

Commonwealth Income & Growth Fund V (the “Partnership” or “CIGF5”) was formed on May 19, 2003 under the Pennsylvania Revised Uniform Limited Partnership Act. The Partnership offered for sale up to 1,250,000 units of the limited partnership at the purchase price of $20 per unit (the “Offering”). The Partnership raised the minimum capital required ($1,150,000) and commenced operations on March 14, 2005. The Partnership terminated its offering of units on February 24, 2006 with 1,249,951 units ($24,957,862, net of transactions costs of $41,158) sold.

The Partnership was formed for the purpose of acquiring various types of equipment, including computer Information Technology and other similar capital equipment. The Partnership utilized the net proceeds of the offering to purchase information technology and other similar capital equipment. The Partnership has utilized retained proceeds and debt financing (not in excess of 30% of the aggregate cost of the equipment owned or subject to conditional sales contracts by the Partnership at the time the debt is incurred) to purchase additional equipment. The Partnership acquires and leases equipment principally to U.S. corporations and other institutions pursuant to operating leases. The Partnership retains the flexibility to enter into full payout net leases and conditional sales contracts, but has not done so. . The Partnership’s principal investment objectives are to:

acquire, lease and sell equipment to generate revenues from operations sufficient to provide annual cash distributions to Limited Partners;

preserve and protect Limited Partners’ capital;

use a portion of cash flow and net disposition proceeds derived from the sale, refinancing or other disposition of equipment to purchase additional equipment; and

refinance, sell or otherwise dispose of equipment in a manner that will maximize the proceeds to the Partnership.

The Partnership invests in various types of equipment subject to leases. Our investment objective is to acquire primarily high technology equipment including, but not limited to: servers, desktops, laptops, workstations, printers, copiers, and storage devices. Our General Partner believes that dealing in high technology equipment is particularly advantageous due to a robust aftermarket. Information technology has developed rapidly in recent years and is expected to continue to do so. Technological advances have permitted reductions in the cost of computer processing capacity, speed, and utility. In the future, the rate and nature of equipment development may cause equipment to become obsolete more rapidly.

We also acquire high technology medical, telecommunications, and inventory management equipment. Our General Partner will seek to maintain an appropriate balance and diversity in the types of equipment acquired. The medical equipment we acquire may consist of ventilators, IV infusion pumps, long-term acute care beds, CT scanners, MRIs, flow cytometers, and other medical technology devices. The telecom equipment we acquire may include Cisco switches, routers, blade switches, wireless access points, and video conferencing systems. The market for high technology medical equipment is growing each year. Generally, this type of equipment will have a longer useful life than information technology equipment. This allows for increased re-marketability, if it is returned before its economic or announcement cycle is depleted.

Other Equipment Restrictions. The Partnership generally acquires information technology, telecommunications, medical technology and inventory management equipment. The General Partner is also authorized to cause the Partnership to invest in other types of business-essential capital equipment. The Partnership may not invest in any of such other types of equipment (i) to the extent that the purchase price of such equipment, together with the aggregate purchase price of all such other types of equipment then owned by the Partnership, is in excess of 25% of the total cost of all of the assets of the Partnership at the time of the Partnership’s commitment to invest therein and (ii) unless the General Partner determines that such purchase is in the best economic interest of the Partnership at the time of the purchase. There can be no assurance that any equipment investments can be found which meet this standard. Accordingly, there can be no assurance that investments of this type will be made by the Partnership.

When evaluating potential lease transactions in which we will invest, the general partner and the Sponsor’s management team performs a detailed credit and risk analysis of both the lessee and the lease transaction itself. The risk of doing business with the potential lessee and the economics of each particular transaction must both be acceptable to our portfolio management team and to the CEO of the General Partner, who specifically approves each and every lease transaction. Some of the criteria we evaluate are described below:

Evaluation of Lessees

The management team will perform a credit analysis (including a review of the financial statements, credit history and public debt record) of all potential lessees to determine the lessee’s ability to make payments under the lease. We focus our investments in investment grade to middle market credits meeting our minimum acceptable fundamental analysis criteria. These criteria involve an overall fundamental assessment of the lessee, and application our own proprietary “rating” model that is tailored to specific economic criteria that are important to us. In addition to preparing a detailed credit-write up at the time of initiation of a transaction, we also re-evaluate a lessee’s credit risk on a monthly basis, and may review interim and annual lessee financial statements.

Generally, we seek lessees that have annual revenue of at least $10 million, have positive cash flow, and are not start-up entities, i.e., have been in business for at least five years. We will also apply a proprietary debt rating analysis when a Moody’s or Standard & Poor’s rating is not available. This allows us to create an equivalent, internal rating system without reliance solely on third-party models and analysis.

 



   Company Address: 4532 US Highway 19 New Port Richey 34652 FL
   Company Phone Number: 249-3700   Stock Exchange / Ticker: CIGF5
   CIGF5 is expected to report next financial results on May 22, 2024.


Customers Net Income fell by CIGF5's Customers Net Profit Margin fell to

-43.99 %

7.1 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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CIGF6     
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In the most recent fiscal period, Brewbilt Manufacturing Inc reported earnings per share (EPS) of $0.00, the same as the previous year. However, in comparison to the previous quarter, the EPS decreased from $0.01 to $0.00. This suggests a stable performance in the short-term but a slight decline in the most recent period.

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Despite a challenging fiscal period from July to September 2023, Commonwealth Income And Growth Fund V (CIGF5) has shown resilience and potential for future growth. While the company reported a loss per share of $-0.02, comparable to the previous year, it marks an improvement from the preceding reporting season. Additionally, though revenue witnessed a slight depreciation compared to the previous year, sequential growth demonstrates positive momentum. Although faced with headwinds in a competitive Rental and Leasing industry, CIGF5 is taking strategic measures to overcome the hurdles and position itself for success.
Financial Performance: An Overview
In the July to September 30 2023 fiscal period, CIGF5's loss per share remained stable at $-0.02, consistent with the same reporting season a year ago. However, it is essential to focus on the sequential improvement in earnings per share (EPS), which increased from $-0.03 per share in the preceding reporting season. This upward trend reflects the company's efforts to control costs and enhance operational efficiency.

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Deficit per Share and Revenue Growth:
In the specified interval, Commonwealth Income And Growth Fund Vi experienced an increase in deficit per share. The deficit per share rose from $-0.03 in the previous year to $-0.04 this year. Furthermore, there was also an increase in the deficit from $-0.02 per share in the previous quarter. While this is concerning, it is essential to delve deeper into the numbers and examine other aspects of the financial results.
On the revenue front, Commonwealth Income And Growth Fund Vi witnessed a growth of 5.979% from $0.04 million to $0.04 million in the comparable quarter of the previous year. However, on a sequential basis, there was a decline of -27.959% from $0.06 million. These figures indicate a challenging market environment for the company, requiring further investigation of potential factors impacting their revenue stream.

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Commonwealth Income And Growth Fund V's Segments
 
 
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