The balance sheet appears increasingly stretched, with cash and equivalents representing only 2.7% of TTM revenue, indicating a reliance on external parent support to maintain operations.
| Metric | Jun'24 | Jun'23 | Jun'22 | Jun'21 |
|---|
| Total Current Assets | 5.36M | 4.39M | 4.87M | 8.06M |
| Cash & Short-Term Investments | 580.22K | 733.18K | 535.1K | 1.31M |
| Cash Only | 260.72K | 220.89K | 15.97K | 968.84K |
| Short-Term Investments | 319.5K | 512.29K | 519.13K | 336.77K |
| Accounts Receivable | 2.57M | 1.08M | 1.1M | 4.46M |
| Days Sales Outstanding | 97.85 | 65.79 | 80.78 | 158.46 |
| Inventory | 1.09M | 1.82M | 2.73M | 1.98M |
| Days Inventory Outstanding | 53.18 | 135.08 | 257.05 | 107 |
| Other Current Assets | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 3.32M | 3.55M | 3.77M | 1.89M |
| Property, Plant & Equipment | 3.29M | 3.52M | 3.55M | 1.77M |
| Fixed Asset Turnover | 2.92x | 1.71x | 1.40x | 5.79x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 30.38K | 39.52K | 36.15K | 28.98K |
| Total Assets | 8.68M | 7.94M | 8.64M | 9.95M |
| Asset Turnover | 1.11x | 0.76x | 0.57x | 1.03x |
| Asset Growth % | 9.34% | -8.06% | -13.19% | - |
| Total Current Liabilities | 10.43M | 13.4M | 12.06M | 11.16M |
| Accounts Payable | 1.14M | 861.37K | 920.56K | 862.71K |
| Days Payables Outstanding | 55.99 | 63.89 | 86.6 | 46.56 |
| Short-Term Debt | 8.44M | 9.62M | 9.18M | 6.89M |
| Deferred Revenue (Current) | 158.33K | 255.93K | 33.11K | 269.12K |
| Other Current Liabilities | 67.14K | 46.99K | 60.2K | 110.27K |
| Current Ratio | 0.51x | 0.33x | 0.40x | 0.72x |
| Quick Ratio | 0.41x | 0.19x | 0.18x | 0.54x |
| Cash Conversion Cycle | 95.04 | 136.98 | 251.23 | 218.91 |
| Total Non-Current Liabilities | 248.46K | 446.44K | 458.27K | 613.42K |
| Long-Term Debt | 137.5K | 287.5K | 437.5K | 587.5K |
| Capital Lease Obligations | 110.96K | 158.94K | 20.77K | 25.93K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Liabilities | 10.68M | 13.85M | 12.52M | 11.78M |
| Total Debt | 8.73M | 10.22M | 9.68M | 7.53M |
| Net Debt | 8.47M | 10M | 9.66M | 6.56M |
| Debt / Equity | - | - | - | - |
| Debt / EBITDA | - | - | - | 5.67x |
| Net Debt / EBITDA | - | - | - | 4.94x |
| Interest Coverage | -0.42x | -4.08x | -3.51x | 4.38x |
| Total Equity | -2M | -5.91M | -3.88M | -1.83M |
| Equity Growth % | 66.14% | -52.2% | -112.42% | - |
| Book Value per Share | -0.14 | -0.41 | -0.27 | -0.13 |
| Total Shareholders' Equity | -2M | -5.91M | -3.88M | -1.83M |
| Common Stock | 987 | 987 | 987 | 987 |
| Retained Earnings | -7.26M | -6.15M | -3.87M | -2.34M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 152.5K | 245.54K | -13.16K | 513.61K |
| Minority Interest | 0 | 0 | 0 | 0 |
Liquidity and funding dependency
As reported in financial statements, ENGS exhibits a deteriorating balance sheet trajectory, where the rapid 59.88% revenue growth is not currently supported by a commensurate accumulation of liquid assets, suggesting that the firm's financial foundation is becoming increasingly stretched as it scales its project-based operations.
The company's aggressive pursuit of market share in the UK public sector appears to be consuming capital faster than it can be generated internally. This trajectory suggests that the business model is currently reliant on external support, which may limit management's strategic flexibility if funding conditions tighten.
Based on the company's reported figures, cash and equivalents represent only 2.7% of TTM revenue, indicating a precarious liquidity position that leaves little room for error in managing the long payment cycles typical of UK public sector decarbonization contracts.
This thin cash buffer suggests that the company may be highly sensitive to any delays in government grant funding or project milestones. Investors should monitor whether this liquidity constraint forces the firm to seek dilutive financing or increased reliance on parent company support.
According to recent disclosures, the company's reliance on parent entity Moonglade Investment Limited for financial stability creates a non-obvious risk, as the standalone balance sheet may not fully reflect the true cost of capital or the potential for future liquidity shocks.
The lack of independent financial resilience implies that the company's operational continuity is tied to the parent's willingness to provide ongoing support. This dependency warrants further investigation into the terms of intercompany arrangements and the potential for these obligations to distort the firm's true leverage profile.
Quick answers to the most common questions about buying ENGS stock.
As of 2023, Energys Group Limited Ordinary Shares (ENGS) had total assets of $8.7M including $5.4M in current assets.
Energys Group Limited Ordinary Shares (ENGS) carries total debt of $8.7M, offset by $0.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Energys Group Limited Ordinary Shares (ENGS) has total shareholders' equity (book value) of $-2.0M ($-0.14 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Energys Group Limited Ordinary Shares (ENGS) reported a current ratio of 0.51x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.