The company maintains a conservative liquidity position with $16.2 million in cash, representing over 75% of trailing twelve-month revenue.
| Metric | Jun'24 | Jun'23 | Jun'22 |
|---|
| Total Current Assets | 20.06M | 15.85M | 1.14M |
| Cash & Short-Term Investments | 16.21M | 8.84M | 697.23K |
| Cash Only | 16.21M | 8.84M | 697.23K |
| Short-Term Investments | 0 | 0 | 0 |
| Accounts Receivable | 3.66M | 6.75M | 189.64K |
| Days Sales Outstanding | 62.81 | 162.32 | 8.42 |
| Inventory | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - |
| Other Current Assets | 0 | 0 | 0 |
| Total Non-Current Assets | 5M | 184.47K | 1.6M |
| Property, Plant & Equipment | 292.11K | 128.8K | 512.12K |
| Fixed Asset Turnover | 72.77x | 117.86x | 16.06x |
| Goodwill | 55.67K | 55.67K | 55.67K |
| Intangible Assets | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 |
| Other Non-Current Assets | 4.65M | 0 | 0 |
| Total Assets | 25.06M | 16.03M | 2.74M |
| Asset Turnover | 0.85x | 0.95x | 3.00x |
| Asset Growth % | 56.34% | 484.26% | - |
| Total Current Liabilities | 10.68M | 8.77M | 1.46M |
| Accounts Payable | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - |
| Short-Term Debt | 7.52M | 8.24M | 0 |
| Deferred Revenue (Current) | 0 | 25K | 0 |
| Other Current Liabilities | 54.69K | 74.63K | 45.88K |
| Current Ratio | 1.88x | 1.81x | 0.78x |
| Quick Ratio | 1.88x | 1.81x | 0.78x |
| Cash Conversion Cycle | - | - | - |
| Total Non-Current Liabilities | 71.83K | 10.16K | 71.87K |
| Long-Term Debt | 0 | 0 | 0 |
| Capital Lease Obligations | 53.69K | 0 | 56.83K |
| Deferred Tax Liabilities | 18.14K | 10.16K | 15.03K |
| Other Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 10.75M | 8.78M | 1.53M |
| Total Debt | 7.7M | 8.3M | 409.49K |
| Net Debt | -8.51M | -539.6K | -287.73K |
| Debt / Equity | 0.54x | 1.14x | 0.34x |
| Debt / EBITDA | 0.96x | 1.20x | - |
| Net Debt / EBITDA | -1.06x | -0.08x | - |
| Interest Coverage | - | - | - |
| Total Equity | 14.31M | 7.25M | 1.22M |
| Equity Growth % | 97.43% | 496.3% | - |
| Book Value per Share | 0.45 | 0.23 | 0.04 |
| Total Shareholders' Equity | 14.31M | 7.25M | 1.22M |
| Common Stock | 6.01M | 6.01M | 6.01M |
| Retained Earnings | 8.31M | 1.24M | -4.79M |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
Extreme Hong Kong Geographic Concentration
As reported in recent financial disclosures, FGO has successfully built a cash-heavy balance sheet with $16.2 million in liquidity, representing over 75% of trailing twelve-month revenue, which suggests a trajectory of significant capital preservation rather than aggressive reinvestment into the firm's core consulting and marketplace operations.
The company's trajectory appears defined by a deliberate accumulation of liquid assets, which provides a substantial buffer against the cyclical volatility inherent in the Hong Kong property market. This trend suggests that management is prioritizing balance sheet resilience, though it may also indicate a lack of immediate, high-return deployment opportunities for their capital.
Based on the firm's reported financial position, the $16.2 million cash reserve provides a significant liquidity cushion that appears to insulate the business from short-term operational shocks, as indicated by the company's ability to maintain high margins while navigating a challenging Hong Kong credit environment.
The high cash-to-revenue ratio suggests that FGO is well-positioned to weather potential downturns in transaction volumes or regulatory shifts. Investors should monitor whether this liquidity remains idle or if it is eventually deployed toward strategic acquisitions to diversify the firm's revenue base beyond its current geographic concentration.
According to the company's operational profile, FGO maintains an asset-light business model that minimizes capital expenditure requirements, as evidenced by the absence of significant physical asset burdens typical of traditional industrial firms operating within the Hong Kong financial services and property brokerage landscape.
The reliance on the Fundergo platform and professional consultancy services allows for high scalability without the need for heavy investment in property, plant, or equipment. This structure appears to support the firm's strong net margins, though it places a premium on the quality and retention of human capital as the primary driver of asset value.
As indicated by the firm's 100% operational concentration in Hong Kong, the balance sheet is uniquely exposed to local regulatory and geopolitical risks, which may not be fully reflected in the headline liquidity metrics or the company's current strong profitability and cash-rich status.
While the balance sheet appears robust, the lack of geographic diversification means that any fundamental shift in the Hong Kong Monetary Authority's regulatory stance on private credit could disproportionately impact the firm's future earnings power. Investors should consider this concentration as a potential distortion that makes the current fortress-like balance sheet appear more secure than it might be in a localized stress scenario.
Quick answers to the most common questions about buying FGO stock.
As of 2023, FG Holdings Limited Class A Ordinary Shares (FGO) had total assets of $25.1M including $20.1M in current assets.
FG Holdings Limited Class A Ordinary Shares (FGO) carries total debt of $7.7M, offset by $16.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
FG Holdings Limited Class A Ordinary Shares (FGO) has total shareholders' equity (book value) of $14.3M ($0.45 book value per share). Book value represents the net worth of the company belonging to common stock holders.
FG Holdings Limited Class A Ordinary Shares (FGO) reported a current ratio of 1.88x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.