The company maintains a conservative capital structure with a debt-to-equity ratio of 0.01%, providing a stable foundation despite the rapid expansion of total assets to $10.0M in 2024Q4.
| Total Current Assets | 9.74M | 9.3M | 8M | 6.28M |
| Cash & Short-Term Investments | 986.77K | 506.66K | 682.16K | 1.7M |
| Cash Only | 986.77K | 506.66K | 682.16K | 1.7M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 7.43M | 7.84M | 6M | 3.02M |
| Days Sales Outstanding | 146.21 | 153.64 | 193.14 | 134.58 |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 917.67K | 656.98K | 327.35K | 326.34K |
| Total Non-Current Assets | 251.08K | 244.35K | 84.6K | 75.31K |
| Property, Plant & Equipment | 237.12K | 244.35K | 84.6K | 75.31K |
| Fixed Asset Turnover | 78.20x | 76.22x | 133.98x | 108.62x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 |
| Total Assets | 9.99M | 9.55M | 8.08M | 6.35M |
| Asset Turnover | 1.86x | 1.95x | 1.40x | 1.29x |
| Asset Growth % | 4.63% | 18.17% | 27.19% | - |
| Total Current Liabilities | 3.62M | 4.13M | 4.08M | 3.52M |
| Accounts Payable | 2.88M | 3.63M | 2.86M | 2.19M |
| Days Payables Outstanding | 74.25 | 87.68 | 119.47 | 103.02 |
| Short-Term Debt | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 303.67K | 142.31K | 917.57K | 971.82K |
| Other Current Liabilities | 137.16K | 149.89K | 24.36K | 41.84K |
| Current Ratio | 2.69x | 2.26x | 1.96x | 1.78x |
| Quick Ratio | 2.69x | 2.26x | 1.96x | 1.78x |
| Cash Conversion Cycle | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 | 16.94K |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 16.94K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Liabilities | 3.62M | 4.13M | 4.08M | 3.54M |
| Total Debt | 84.83K | 93.17K | 56.31K | 50.76K |
| Net Debt | -901.94K | -413.49K | -625.85K | -1.65M |
| Debt / Equity | 0.01x | 0.02x | 0.01x | 0.02x |
| Debt / EBITDA | 0.07x | 0.06x | 0.04x | - |
| Net Debt / EBITDA | -0.73x | -0.27x | -0.47x | - |
| Interest Coverage | 126.36x | 144.28x | 553.73x | -58.87x |
| Total Equity | 6.37M | 5.42M | 4M | 2.81M |
| Equity Growth % | 17.53% | 35.51% | 42.28% | - |
| Book Value per Share | 0.22 | 0.18 | 0.14 | 0.10 |
| Total Shareholders' Equity | 6.37M | 5.42M | 4M | 2.81M |
| Common Stock | 3 | 3 | 5K | 5K |
| Retained Earnings | 6.29M | 5.34M | 3.92M | 2.73M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
Localized MICE market dependency
According to the balance sheet data, AHMA grew total assets from $2.6M in 2023Q4 to $10.0M by 2024Q4, a significant expansion that appears disconnected from the company's recent revenue contraction and suggests a potential shift in capital allocation or parent-led funding support.
The rapid increase in asset base over a single year warrants investigation into whether this reflects organic growth or capital injections from the parent entity, HMDA Limited. Investors should monitor if this asset accumulation is being deployed into productive, revenue-generating projects or if it represents idle capital that may dilute future return on assets.
As reported in financial statements, AHMA maintains a current ratio of 2.69 as of 2024Q4, providing a substantial buffer that appears sufficient to cover short-term obligations despite the inherent volatility of the project-based MICE business model and the company's reliance on third-party vendor settlements.
The liquidity position remains robust, with cash reserves increasing nearly fivefold since 2023Q4 to $986.8K. This liquidity profile suggests the company is well-positioned to navigate short-term operational shocks, though the lack of recurring revenue streams necessitates maintaining this high level of cash to mitigate potential working capital mismatches.
Based on the provided figures, AHMA operates with a minimal debt-to-equity ratio of 0.01%, indicating that the company is almost entirely equity-funded and remains effectively insulated from the interest rate sensitivity that typically plagues more leveraged participants in the travel services industry.
The near-zero debt profile suggests a highly conservative capital structure that prioritizes risk mitigation over financial leverage. While this provides significant safety, it also implies that the company is not utilizing debt to accelerate growth, which may limit its ability to scale rapidly in the competitive Dubai market.
As indicated by the balance sheet, deferred revenue grew from $38.7K in 2023Q4 to $303.7K in 2024Q4, which may indicate an increasing volume of pre-booked event mandates that could provide some degree of revenue visibility for upcoming quarters.
While the growth in deferred revenue is a positive indicator of future activity, it remains a small fraction of the total asset base. Analysts should monitor the conversion rate of these obligations into recognized revenue to determine if this trend represents a sustainable improvement in the company's project pipeline.
Quick answers to the most common questions about buying AHMA stock.
As of 2024, Ambitions Enterprise Management Co. L.L.C (AHMA) had total assets of $10.0M including $9.7M in current assets.
Ambitions Enterprise Management Co. L.L.C (AHMA) carries total debt of $0.1M, offset by $1.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Ambitions Enterprise Management Co. L.L.C (AHMA) has total shareholders' equity (book value) of $6.4M ($0.22 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Ambitions Enterprise Management Co. L.L.C (AHMA) reported a current ratio of 2.69x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.