The firm's capital structure has shifted significantly, with equity expanding to $1.4M and a debt-to-equity ratio of 0.41 as of 2024Q2.
| Total Current Assets | 1.36M | 4.12M | 1.39M | 1.11M |
| Cash & Short-Term Investments | 221.05K | 1.34M | 482.59K | 237.45K |
| Cash Only | 221.05K | 1.34M | 482.59K | 237.45K |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.08M | 2.37M | 850.19K | 821.82K |
| Days Sales Outstanding | 61.26 | 108.03 | 54.85 | 72.17 |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 0 | 293.78K | 0 | 0 |
| Total Non-Current Assets | 916.06K | 13.89M | 255.98K | 414.95K |
| Property, Plant & Equipment | 187.34K | 863.45K | 255.98K | 414.95K |
| Fixed Asset Turnover | 32.25x | 9.26x | 22.10x | 10.02x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 12.81M | 0 | 0 |
| Long-Term Investments | 0 | 1.68M | 0 | 0 |
| Other Non-Current Assets | 728.73K | -1.47M | 0 | 0 |
| Total Assets | 2.28M | 18.02M | 1.65M | 1.52M |
| Asset Turnover | 2.85x | 0.44x | 3.44x | 2.73x |
| Asset Growth % | 0% | 994.51% | 8.2% | - |
| Total Current Liabilities | 896.22K | 1.39M | 1.18M | 1.43M |
| Accounts Payable | 111.78K | 738.23K | 68.18K | 92.81K |
| Days Payables Outstanding | 8.89 | 44.14 | 6.29 | 10.09 |
| Short-Term Debt | 563.56K | 397.46K | 461.54K | 641.03K |
| Deferred Revenue (Current) | 15.76K | 50K | 123.08K | 0 |
| Other Current Liabilities | 0 | -67.61K | 0 | 0 |
| Current Ratio | 1.52x | 2.96x | 1.17x | 0.77x |
| Quick Ratio | 1.52x | 2.96x | 1.17x | 0.77x |
| Cash Conversion Cycle | 52.37 | - | - | - |
| Total Non-Current Liabilities | 0 | 1.16M | 58K | 170.54K |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 7.43K | 506.88K | 58K | 170.54K |
| Deferred Tax Liabilities | 0 | 653.25K | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Liabilities | 896.22K | 2.55M | 1.24M | 1.6M |
| Total Debt | 563.56K | 455.44K | 630.08K | 948.42K |
| Net Debt | 342.51K | -88.11K | 147.5K | 710.97K |
| Debt / Equity | 0.41x | 0.03x | 1.56x | - |
| Debt / EBITDA | 0.92x | 0.45x | 0.68x | 4.93x |
| Net Debt / EBITDA | 0.56x | -0.09x | 0.16x | 3.70x |
| Interest Coverage | 31.69x | 37.50x | 289.34x | 34.33x |
| Total Equity | 1.38M | 15.46M | 403.31K | -80.07K |
| Equity Growth % | 0% | 3733.93% | 603.67% | - |
| Book Value per Share | 1.31 | 733.79 | 0.38 | -0.16 |
| Total Shareholders' Equity | 1.38M | 12.95M | 403.31K | -80.07K |
| Common Stock | 1.35K | 3.41K | 1.31K | 1.31K |
| Retained Earnings | 483.19K | -509.56K | 15.36K | -466.78K |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 613 | 3.71K | 2.05K | 805 |
| Minority Interest | 0 | 2.51M | 0 | 0 |
Working capital liquidity strain
As reported in recent financial statements, CLIK's total assets surged from $210.8K in 2023Q4 to $2.3M by 2024Q2, reflecting an aggressive scaling phase that has significantly altered the company's balance sheet composition and increased its reliance on external financing to support rapid operational growth.
The dramatic expansion in asset size suggests that the company is successfully capturing market share in its secondment segments. However, the simultaneous increase in liabilities indicates that this growth is being funded by credit rather than internal cash generation, which warrants close monitoring of future solvency.
Based on the 2024Q2 data, CLIK's debt-to-equity ratio has shifted from 1.56 in 2023Q4 to 0.41, indicating that while the company has increased its absolute debt load to $563.6K, the concurrent growth in equity has improved the headline leverage profile despite the underlying reliance on credit.
The shift in leverage metrics suggests management is utilizing debt to bridge the gap between service delivery and client payment cycles. Investors should consider whether this debt is a strategic tool for scaling or a necessity-driven response to the negative operating cash flows observed in recent periods.
According to the latest balance sheet, the current ratio stands at 1.52 as of 2024Q2, which represents a modest improvement from the 1.17 reported in 2023Q4 but still suggests a relatively thin buffer against potential shocks in the company's working capital cycle.
The current ratio improvement appears positive, yet the absolute cash position of $221.0K remains low relative to the scale of operations. This suggests that the company may face liquidity constraints if accounts receivable collection times extend beyond current expectations, potentially necessitating further short-term financing.
As indicated by the financial filings, equity has expanded from $51.6K in 2023Q4 to $1.4M in 2024Q2, primarily driven by the accumulation of $483.2K in retained earnings, which signals that the firm is successfully retaining profits to bolster its capital base during this growth phase.
The growth in retained earnings is a constructive sign of internal value creation, suggesting that the business model is fundamentally profitable. However, the gap between net income and cash flow implies that this equity growth is currently tied up in non-cash assets, specifically accounts receivable, rather than liquid capital.
Quick answers to the most common questions about buying CLIK stock.
As of 2024, Click Holdings Limited (CLIK) had total assets of $18.0M including $4.1M in current assets.
Click Holdings Limited (CLIK) carries total debt of $0.5M, offset by $1.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Click Holdings Limited (CLIK) has total shareholders' equity (book value) of $12.9M ($733.79 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Click Holdings Limited (CLIK) reported a current ratio of 2.96x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.