Financial stability is currently compromised by a severe liquidity crunch, evidenced by a current ratio that plummeted to 0.03 and cash reserves that dwindled to a nominal $38.4K by 2021Q3.
| Total Current Assets | 38.41K | 30.75M | 15.1M | 18.1M | 10.49M | 709.88K | 8.64M |
| Cash & Short-Term Investments | 38.41K | 14.17M | 6.24M | 3.14M | 1.08M | 709.88K | 1.26M |
| Cash Only | 38.41K | 14.15M | 6.24M | 3.12M | 649.97K | 709.88K | 1.26M |
| Short-Term Investments | 0 | 22.78K | 536 | 17.95K | 433.66K | 0 | 0 |
| Accounts Receivable | 0 | 15.32M | 8.25M | 13.11M | 8.62M | 0 | 6.51M |
| Days Sales Outstanding | - | 71.59 | 72.77 | 98.67 | 88.59 | - | 76.14 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 101.07M | 93.33M | 4.36M | 11.54M | 2.54M | 100.05M | 2.08M |
| Property, Plant & Equipment | 0 | 1.57M | 1.96M | 2.5M | 446.09K | 0 | 678.07K |
| Fixed Asset Turnover | - | 49.80x | 21.17x | 19.41x | 79.59x | - | 46.05x |
| Goodwill | 0 | 0 | 600K | 600K | 0 | 0 | 0 |
| Intangible Assets | 0 | 91.76M | 1.18M | 7.6M | 2.04M | 0 | 1.38M |
| Long-Term Investments | 401.25M | 0 | 619.69K | 833.5K | 48.14K | 100.05M | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 101.11M | 124.08M | 19.46M | 29.63M | 13.03M | 100.76M | 10.72M |
| Asset Turnover | 0.00x | 0.63x | 2.13x | 1.64x | 2.73x | - | 2.91x |
| Asset Growth % | 0.25% | 537.44% | -34.32% | 127.52% | -87.07% | 840.05% | - |
| Total Current Liabilities | 1.14M | 51.01M | 32.3M | 34.7M | 40.36M | 155K | 22.73M |
| Accounts Payable | 0 | 11.95M | 10.19M | 12.31M | 5.76M | 0 | 4.4M |
| Days Payables Outstanding | - | 42.72 | 119.69 | 114.84 | 79.49 | - | 74.5 |
| Short-Term Debt | 1M | 9.93K | 7.39K | 192K | 18.65M | 0 | 5.76M |
| Deferred Revenue (Current) | 0 | 4.39M | 3.59M | 4.54M | 3.15M | 0 | 1.39M |
| Other Current Liabilities | 135K | 538.83K | 1.14M | 17.23M | 12.28M | 155K | 10.53M |
| Current Ratio | 0.03x | 0.60x | 0.47x | 0.52x | 0.26x | 4.58x | 0.38x |
| Quick Ratio | 0.03x | 0.60x | 0.47x | 0.52x | 0.26x | 4.58x | 0.38x |
| Cash Conversion Cycle | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 8.17M | 14.43M | 1.26M | 869.75K | 316.6K | 10.28M | 623.94K |
| Long-Term Debt | 0 | 12.05M | 0 | 0 | 0 | 0 | 180.06K |
| Capital Lease Obligations | 0 | 213.22K | 58.44K | 168.8K | 135.97K | 0 | 319.41K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 14.63K | 0 | 17.9K |
| Other Non-Current Liabilities | 8.17M | 2.16M | 831.28K | 700.95K | 166.01K | 10.28M | 106.57K |
| Total Liabilities | 9.31M | 65.43M | 33.56M | 36.07M | 40.99M | 10.43M | 23.35M |
| Total Debt | 1M | 12.3M | 170.9K | 360.8K | 18.78M | 0 | 6.26M |
| Net Debt | 961.59K | -1.85M | -6.07M | -2.76M | 18.13M | -709.88K | 4.99M |
| Debt / Equity | 0.01x | 0.21x | - | - | - | - | - |
| Debt / EBITDA | -0.16x | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.15x | - | - | - | - | -0.75x | - |
| Interest Coverage | - | -744.75x | -54.90x | -108.14x | -5.78x | - | -5.45x |
| Total Equity | 91.8M | 58.64M | -14.1M | -6.44M | -27.96M | 90.33M | -12.63M |
| Equity Growth % | -8.95% | 515.95% | -119% | 76.98% | -130.96% | 814.99% | - |
| Book Value per Share | 17.89 | 10.18 | -2.67 | -1.24 | -5.43 | 17.60 | -2.45 |
| Total Shareholders' Equity | 91.8M | 59.85M | -12.92M | -5.12M | -26.84M | 90.33M | -11.93M |
| Common Stock | 100M | 6.69K | 2.97K | 2.6K | 8.54K | 100M | 30.09K |
| Retained Earnings | -8.2M | -202.5M | -138.95M | 0 | 0 | -9.67M | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | -121.62M | -58.95M | 0 | -37.01M |
| Minority Interest | 0 | -1.21M | -1.17M | -1.32M | -1.12M | 0 | -700.08K |
Critical liquidity and solvency risk
According to the most recent quarterly filings, Anghami's current ratio plummeted to a precarious 0.03, reflecting a severe inability to cover short-term obligations with existing liquid assets, while cash reserves have dwindled to a nominal $38.4K, signaling an urgent need for external capital to maintain operations.
The collapse in the current ratio from 26.08 in 2020Q3 to near-zero levels suggests that the company has exhausted its internal liquidity buffers. This trend implies that the firm is likely operating on a day-to-day basis, leaving it highly susceptible to any disruption in cash inflows from telecommunications partners.
As reported in historical financial statements, the company's balance sheet trajectory shows a consistent erosion of financial health, characterized by a rapid decline in cash balances and a widening gap between total assets and liabilities, which suggests a weakening foundation for long-term operational sustainability.
The shift from a relatively stable asset base to a state of extreme liquidity scarcity indicates that the company's growth strategy has been funded at the expense of balance sheet integrity. Investors should monitor whether the recent merger with OSN+ provides the necessary capital infusion to reverse this downward trend in solvency.
Based on the provided financial data, retained earnings have consistently trended deeper into negative territory, reaching -$8.2M by 2021Q3, which highlights the persistent value destruction inherent in the current business model and raises questions regarding the long-term viability of the existing equity base.
The accumulation of losses in retained earnings suggests that the company has not yet reached a scale where it can generate internal capital to fund its operations. This reliance on external financing, rather than organic equity growth, may lead to significant shareholder dilution if the company is forced to raise capital under distressed conditions.
Analysis of the balance sheet reveals a concerning lack of tangible assets, with zero reported PPE or goodwill in the provided data, suggesting that the company's value is entirely dependent on intangible operational agreements that may not provide a reliable cushion during periods of financial distress.
The absence of hard assets implies that there is little to no collateral available to secure traditional debt financing, further limiting the company's strategic options. This asset-light profile, while typical for software, becomes a significant liability when the underlying business model fails to generate positive cash flow to cover its fixed obligations.
Quick answers to the most common questions about buying ANGH stock.
As of 2024, Anghami Inc. (ANGH) had total assets of $124.1M including $30.7M in current assets.
Anghami Inc. (ANGH) carries total debt of $12.3M, offset by $14.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Anghami Inc. (ANGH) has total shareholders' equity (book value) of $59.9M ($10.18 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Anghami Inc. (ANGH) reported a current ratio of 0.60x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.