Brillia maintains a highly conservative financial position, evidenced by a negligible debt-to-equity ratio of 0.09%.
| Metric | Mar'25 | Mar'24 | Mar'23 | Mar'22 |
|---|
| Total Current Assets | 25.69M | 26.2M | 22.2M | 24.92M |
| Cash & Short-Term Investments | 7.7M | 6.38M | 8.91M | 4.36M |
| Cash Only | 7.7M | 6.38M | 8.91M | 4.36M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 7.88M | 12.72M | 2.43M | 6.21M |
| Days Sales Outstanding | 44.66 | 83.13 | 16.72 | 31.98 |
| Inventory | 7.28M | 7.09M | 5.73M | 9.74M |
| Days Inventory Outstanding | 49.25 | 54.71 | 47.77 | 58.22 |
| Other Current Assets | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 2.72M | 951.42K | 3.63K | 4.94K |
| Property, Plant & Equipment | 1.72M | 114.67K | 3.63K | 4.94K |
| Fixed Asset Turnover | 37.52x | 487.20x | 14602.90x | 14359.44x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1M | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 836.75K | 0 | 0 |
| Total Assets | 28.41M | 27.15M | 22.2M | 24.93M |
| Asset Turnover | 2.27x | 2.06x | 2.38x | 2.85x |
| Asset Growth % | 4.63% | 22.28% | -10.92% | - |
| Total Current Liabilities | 9.04M | 19.01M | 15.71M | 16.3M |
| Accounts Payable | 3.29M | 16.65M | 5.26M | 9.79M |
| Days Payables Outstanding | 22.25 | 128.42 | 43.8 | 58.57 |
| Short-Term Debt | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 1 | 0 | 0 |
| Current Ratio | 2.84x | 1.38x | 1.41x | 1.53x |
| Quick Ratio | 2.04x | 1.01x | 1.05x | 0.93x |
| Cash Conversion Cycle | 71.65 | 9.42 | 20.7 | 31.63 |
| Total Non-Current Liabilities | 1.3M | -1 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 1.3M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | -1 | 0 | 0 |
| Total Liabilities | 10.33M | 19.01M | 15.71M | 16.3M |
| Total Debt | 1.68M | 0 | 0 | 0 |
| Net Debt | -6.02M | -6.38M | -8.91M | -4.36M |
| Debt / Equity | 0.09x | - | - | - |
| Debt / EBITDA | 0.37x | - | - | - |
| Net Debt / EBITDA | -1.33x | -1.04x | -1.33x | -0.59x |
| Interest Coverage | 8.12x | 724.00x | 216.19x | 141.00x |
| Total Equity | 18.07M | 8.14M | 6.5M | 8.63M |
| Equity Growth % | 122.03% | 25.27% | -24.66% | - |
| Book Value per Share | - | 0.41 | 0.32 | 0.43 |
| Total Shareholders' Equity | 18.06M | 8.13M | 6.5M | 8.63M |
| Common Stock | 13.85M | 6.66M | 100 | 100 |
| Retained Earnings | 10.3M | 7.41M | 6.5M | 8.63M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | -6.09M | -5.94M | 0 | 0 |
| Minority Interest | 16K | 7.16K | 0 | 0 |
Inventory obsolescence and liquidity
As reported in recent financial disclosures, Brillia Inc maintains a lean capital structure following its July 2023 formation, with a negligible 0.09% debt-to-equity ratio that suggests a conservative approach to financing its 15.26% year-over-year revenue expansion within the competitive Southeast Asian intimate apparel distribution market.
The company's trajectory appears defined by a reliance on equity-funded operations rather than debt-fueled expansion, which provides a defensive buffer against rising interest rates. Investors should monitor whether this conservative stance persists as the firm attempts to scale its regional footprint or if capital requirements eventually necessitate a shift in funding strategy.
Based on the company's reported figures, the $7.7M cash balance serves as a primary liquidity anchor, providing a critical cushion for a business model that operates on thin 4.37% net margins and faces significant exposure to volatile regional logistics and inventory procurement costs.
This cash position appears sufficient to cover immediate working capital needs, yet the lack of detailed cash flow statements makes it difficult to assess the true burn rate or the sustainability of this liquidity. The absence of debt obligations further enhances the company's ability to navigate short-term shocks, provided that inventory turnover remains consistent with historical expectations.
As noted in recent industry analysis, the company's classification as an industrial distributor may obscure the fashion-obsolescence risks inherent in its apparel-heavy business model, where the valuation of inventory could significantly impact the reported balance sheet strength if demand for specific product lines shifts unexpectedly.
Because the company operates with thin margins, even minor inventory write-downs could disproportionately erode the equity base and liquidity. Analysts should investigate the specific accounting methods used for inventory valuation, as the current balance sheet presentation may not fully capture the potential for rapid depreciation of seasonal apparel stock.
Quick answers to the most common questions about buying BRIA stock.
As of 2024, Brillia Inc (BRIA) had total assets of $28.4M including $25.7M in current assets.
Brillia Inc (BRIA) carries total debt of $1.7M, offset by $7.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Brillia Inc (BRIA) has total shareholders' equity (book value) of $18.1M. Book value represents the net worth of the company belonging to common stock holders.
Brillia Inc (BRIA) reported a current ratio of 2.84x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.