Empro Group maintains a conservative capital structure characterized by a 1.00 debt-to-equity ratio, which prioritizes internal cash generation to fund its aggressive international expansion.
| Metric | Dec'24 | Dec'23 | Dec'22 | Dec'21 |
|---|
| Total Current Assets | 3.51M | 2.56M | 2.83M | 2.08M |
| Cash & Short-Term Investments | 108.66K | 283.16K | 1.23M | 547.01K |
| Cash Only | 108.43K | 282.94K | 999.73K | 547.01K |
| Short-Term Investments | 229 | 218 | 230.75K | 0 |
| Accounts Receivable | 2.52M | 1.68M | 1.3M | 835.54K |
| Days Sales Outstanding | 167.58 | 165.58 | 43.93 | 52.41 |
| Inventory | 36.69K | 45.54K | 249.46K | 632.1K |
| Days Inventory Outstanding | 6.39 | 7.51 | 11.63 | 53.26 |
| Other Current Assets | 20.56K | 20.44K | 0 | 0 |
| Total Non-Current Assets | 1.07M | 1.22M | 1.03M | 645.77K |
| Property, Plant & Equipment | 1.07M | 1.22M | 1.03M | 645.77K |
| Fixed Asset Turnover | 5.10x | 3.03x | 10.51x | 9.01x |
| 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 | 4.59M | 3.78M | 3.86M | 2.72M |
| Asset Turnover | 1.20x | 0.98x | 2.81x | 2.14x |
| Asset Growth % | 21.29% | -1.89% | 41.66% | - |
| Total Current Liabilities | 1.81M | 1.76M | 1.77M | 1.38M |
| Accounts Payable | 476.15K | 991.62K | 1.11M | 885.83K |
| Days Payables Outstanding | 82.92 | 163.56 | 51.6 | 74.64 |
| Short-Term Debt | 141.59K | 101.58K | 17.04K | 45.81K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 |
| Current Ratio | 1.94x | 1.45x | 1.60x | 1.51x |
| Quick Ratio | 1.92x | 1.43x | 1.46x | 1.05x |
| Cash Conversion Cycle | 91.05 | 9.53 | 3.96 | 31.04 |
| Total Non-Current Liabilities | 1.25M | 1.28M | 671.5K | 556.89K |
| Long-Term Debt | 1.19M | 1.1M | 473.15K | 515.24K |
| Capital Lease Obligations | 55.94K | 165.7K | 191.15K | 41.65K |
| Deferred Tax Liabilities | 2.99K | 13.19K | 7.2K | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Liabilities | 3.06M | 3.04M | 2.44M | 1.93M |
| Total Debt | 1.53M | 1.54M | 821.93K | 653.63K |
| Net Debt | 1.42M | 1.25M | -177.8K | 106.62K |
| Debt / Equity | 1.00x | 2.07x | 0.58x | 0.83x |
| Debt / EBITDA | 1.01x | 64.43x | 0.46x | 0.59x |
| Net Debt / EBITDA | 0.94x | 52.57x | -0.10x | 0.10x |
| Interest Coverage | 9.82x | -3.49x | 57.18x | 36.72x |
| Total Equity | 1.53M | 741.21K | 1.41M | 789.03K |
| Equity Growth % | 105.96% | -47.59% | 79.25% | - |
| Book Value per Share | 0.19 | 0.09 | 0.18 | 0.10 |
| Total Shareholders' Equity | 1.53M | 741.21K | 1.41M | 789.03K |
| Common Stock | 337.96K | 337.96K | 99.58K | 95.77K |
| Retained Earnings | 1.22M | 470.84K | 1.33M | 693.26K |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | -33.55K | -67.58K | -17.43K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
European market regulatory exposure
According to recent financial disclosures, Empro Group maintains a debt-to-equity ratio of 1.00%, signaling a fortress balance sheet that prioritizes internal cash generation over external leverage to fund its 48.37% year-over-year revenue growth trajectory across Southeast Asian and emerging European markets.
The company's reliance on internal funding suggests a disciplined approach to scaling that insulates the firm from interest rate volatility. This trajectory indicates that management is successfully leveraging its service-to-product funnel to finance expansion without diluting shareholder equity or incurring significant debt obligations.
As reported in financial summaries, the company's equity base appears primarily composed of retained earnings, reflecting a business model that effectively converts high-margin aesthetic service fees into long-term capital for product-line diversification and international market entry.
The absence of significant debt suggests that the equity base is not burdened by leverage-related covenants, providing management with substantial operational flexibility. Investors should monitor whether future expansion into Europe necessitates a shift toward external financing, which could alter the current quality of the equity structure.
Based on reported figures, the company's minimal debt profile suggests a strong liquidity position, providing a necessary buffer against the inherent volatility of consumer cyclical demand and the high upfront costs associated with establishing a retail footprint in new geographic regions.
The company's ability to maintain a 20.05% operating margin while self-funding growth implies that current liquidity is sufficient to cover short-term operational requirements. However, the transition into the European market warrants close observation to ensure that working capital remains adequate to support inventory needs and regulatory compliance costs.
While the balance sheet appears robust, analysts should note that the company's reliance on specialized aesthetic equipment and inventory introduces potential obsolescence risks, as indicated by the rapid shift in beauty trends and the finite shelf life of healthcare and cosmetic products.
The valuation of these assets may be sensitive to the success of the European expansion, where regulatory standards for semi-permanent makeup could force unexpected write-downs. Investors should remain cautious, as the headline strength of the balance sheet may mask underlying inventory risks that could materialize if product velocity slows.
Quick answers to the most common questions about buying EMPG stock.
As of 2024, Empro Group Inc. Ordinary shares (EMPG) had total assets of $4.6M including $3.5M in current assets.
Empro Group Inc. Ordinary shares (EMPG) carries total debt of $1.5M, offset by $0.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Empro Group Inc. Ordinary shares (EMPG) has total shareholders' equity (book value) of $1.5M ($0.19 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Empro Group Inc. Ordinary shares (EMPG) reported a current ratio of 1.94x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.