The firm's financial stability is severely compromised, evidenced by a negative equity position of $1.2 million and a current ratio of 0.58 as of 2025Q4, indicating that liabilities significantly outweigh liquid assets.
| Total Current Assets | 17.71M | 1.33M | 72.38K | 52.12K |
| Cash & Short-Term Investments | 8.35M | 268.44K | 3.19K | 52.12K |
| Cash Only | 8.35M | 268.44K | 3.19K | 52.12K |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 399.08K | 122.44K | 62.64K | 0 |
| Days Sales Outstanding | 32.19 | 44.09 | 17.71 | - |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 42.25K | 787.98K | 4.87K | 0 |
| Total Non-Current Assets | 574.79K | 25.28K | 61.4K | 653 |
| Property, Plant & Equipment | 32.74K | 25.28K | 61.4K | 653 |
| Fixed Asset Turnover | 75.77x | 40.09x | 21.02x | 73.51x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 542.06K | 0 | 0 | 0 |
| Total Assets | 18.28M | 1.36M | 133.78K | 52.78K |
| Asset Turnover | 0.40x | 0.75x | 9.65x | 0.91x |
| Asset Growth % | 4085.01% | 914.94% | 153.49% | - |
| Total Current Liabilities | 2.67M | 2.28M | 860.07K | 1.83M |
| Accounts Payable | 570.77K | 438.7K | 438.7K | 438.7K |
| Days Payables Outstanding | 107.77 | 180.96 | 156.14 | 41.47K |
| Short-Term Debt | 3.41K | 3.44K | 10.42K | 10.18K |
| Deferred Revenue (Current) | 1.84M | 544.68K | 16.7K | 0 |
| Other Current Liabilities | 1.1M | 0 | 0 | 0 |
| Current Ratio | 6.63x | 0.58x | 0.08x | 0.03x |
| Quick Ratio | 6.63x | 0.58x | 0.08x | 0.03x |
| Cash Conversion Cycle | -75.59 | - | - | - |
| Total Non-Current Liabilities | 0 | 279.04K | 26.78K | 13.94K |
| Long-Term Debt | 0 | 0 | 3.53K | 13.94K |
| Capital Lease Obligations | 8.19K | 2.79K | 23.25K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 276.25K | 0 | 0 |
| Total Liabilities | 2.67M | 2.56M | 886.85K | 1.84M |
| Total Debt | 3.41K | 26.69K | 75.35K | 24.78K |
| Net Debt | -8.34M | -241.74K | 72.15K | -27.34K |
| Debt / Equity | 0.00x | - | - | - |
| Debt / EBITDA | -0.00x | - | 2.23x | 0.81x |
| Net Debt / EBITDA | 4.27x | - | 2.13x | -0.89x |
| Interest Coverage | -88.13x | -16.14x | 72.26x | 42.37x |
| Total Equity | 15.61M | -1.21M | -753.07K | -1.79M |
| Equity Growth % | 1564.78% | -60.08% | 57.84% | - |
| Book Value per Share | 0.72 | -0.07 | -0.04 | -0.09 |
| Total Shareholders' Equity | 15.61M | -1.21M | -753.07K | -1.79M |
| Common Stock | 27.99K | 23.55K | 23.55K | 23.55K |
| Retained Earnings | -4.13M | -2.31M | -1.85M | -1.89M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 964.74K | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
Insolvency and liquidity risk
As reported in financial statements, FTRK's equity position has remained consistently negative since 2024Q3, with the most recent data showing a deficit of $1.2 million, signaling that the company's cumulative losses have effectively eroded its entire book value and left the balance sheet in a precarious state.
The persistent negative equity suggests that the firm has been unable to generate sufficient returns to offset its operational burn, creating a structural imbalance that warrants extreme caution. Investors should monitor whether the company can achieve a turnaround in profitability, as the current trajectory indicates a business model that is failing to build long-term value for shareholders.
Based on the company's reported figures, the current ratio has languished at 0.58 as of 2025Q4, which indicates that current liabilities significantly outweigh current assets and leaves the firm with virtually no buffer to absorb unexpected operational shocks or event-related cost overruns.
The extremely low liquidity profile suggests that FTRK is likely operating on a hand-to-mouth basis, relying heavily on the timing of cash inflows from specific projects to meet its immediate obligations. This lack of a cash cushion may force management to seek dilutive financing or rely on vendor credit, both of which could further strain the company's already fragile financial position.
According to recent SEC filings, the company's retained earnings have plummeted to a deficit of $2.3 million by 2025Q4, reflecting a sustained period of value destruction that has left the firm with a negative equity base and limited options for internal capital replenishment.
The erosion of equity highlights the fundamental difficulty the company faces in scaling its operations profitably, as the recurring losses continue to deplete the capital base. This situation suggests that the firm may be nearing a point where it must either secure significant external capital or face potential insolvency, as the current equity structure provides no protection for stakeholders.
As indicated by the company's balance sheet, the reliance on deferred revenue, which stood at $544.7K in 2025Q4, masks the underlying volatility of the business, as these liabilities represent future performance obligations that must be fulfilled despite the firm's current lack of liquid assets.
The presence of deferred revenue suggests that the company is collecting cash upfront for events, yet the persistent negative equity and low cash balances imply that these funds are being consumed by operating expenses rather than being held in reserve. This creates a significant risk that the company may be unable to deliver on its contractual obligations if it cannot secure the necessary liquidity to fund future event production.
Quick answers to the most common questions about buying FTRK stock.
As of 2025, Fast Track Group (FTRK) had total assets of $1.4M including $1.3M in current assets.
Fast Track Group (FTRK) carries total debt of $0.0M, offset by $0.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Fast Track Group (FTRK) has total shareholders' equity (book value) of $-1.2M ($-0.07 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Fast Track Group (FTRK) reported a current ratio of 0.58x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.