The company's asset base expanded to $72.4M, yet this includes $6.1M in new goodwill that may introduce future impairment risks.
| Total Current Assets | 44.71M | 26.05M | 15.89M | 11.98M | 11.17M | 11.95M |
| Cash & Short-Term Investments | 26.91M | 8.41M | 6.25M | 6.01M | 1.74M | 77.15K |
| Cash Only | 26.91M | 8.41M | 6.25M | 6.01M | 1.74M | 77.15K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 12.98M | 17.13M | 8.72M | 2.22M | 8.99M | 11.72M |
| Days Sales Outstanding | 119.24 | 126.44 | 71.2 | 14.81 | 128.09 | 427.89 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 27.67M | 6.26M | 5.58M | 5.26M | 6.57K | 15.32K |
| Property, Plant & Equipment | 1.79M | 677.09K | 1.36M | 2.06M | 6.57K | 15.32K |
| Fixed Asset Turnover | 37.26x | 73.03x | 32.93x | 26.56x | 3899.16x | 652.47x |
| Goodwill | 6.1M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.22M | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 34.93M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 5.59M | 4.23M | 3.2M | 0 | 0 |
| Total Assets | 72.38M | 32.32M | 21.47M | 17.24M | 11.18M | 11.96M |
| Asset Turnover | 0.88x | 1.53x | 2.08x | 3.17x | 2.29x | 0.84x |
| Asset Growth % | 117.18% | 50.52% | 24.53% | 54.25% | -6.58% | - |
| Total Current Liabilities | 4.47M | 18.16M | 9.91M | 7.98M | 8.94M | 9.2M |
| Accounts Payable | 80K | 12.84M | 5.58M | 1.15M | 0 | 5.88M |
| Days Payables Outstanding | 59.12 | 111.25 | 54.66 | 10.3 | - | 430.95 |
| Short-Term Debt | 34.49K | 42.01K | 0 | 190.73K | 706.2K | 0 |
| Deferred Revenue (Current) | 2.45M | 1.74M | 3.89M | 6M | 6.64M | 1.96M |
| Other Current Liabilities | -34.49K | -42.01K | 0 | -190.73K | -706.2K | 0 |
| Current Ratio | 10.01x | 1.43x | 1.60x | 1.50x | 1.25x | 1.30x |
| Quick Ratio | 10.01x | 1.43x | 1.60x | 1.50x | 1.25x | 1.30x |
| Cash Conversion Cycle | 60.11 | - | - | - | - | - |
| Total Non-Current Liabilities | 11.1K | 0 | 0 | 370.18K | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 370.18K | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 11.1K | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 4.48M | 18.16M | 9.91M | 8.35M | 8.94M | 9.2M |
| Total Debt | 34.49K | 0 | 370.18K | 945.89K | 0 | 0 |
| Net Debt | -26.91M | -8.41M | -5.87M | -5.07M | -1.74M | -77.15K |
| Debt / Equity | 0.00x | - | 0.03x | 0.11x | - | - |
| Debt / EBITDA | 0.03x | - | 0.10x | 0.09x | - | - |
| Net Debt / EBITDA | -26.52x | -2.38x | -1.52x | -0.51x | -0.21x | -0.02x |
| Interest Coverage | 1334.98x | 274.92x | 90.99x | 6106.69x | 96752.53x | - |
| Total Equity | 67.9M | 14.15M | 11.56M | 8.89M | 2.23M | 2.76M |
| Equity Growth % | 453.83% | 22.46% | 29.97% | 298.44% | -19.11% | - |
| Book Value per Share | 3.71 | 0.79 | 0.64 | 0.49 | 0.12 | 0.15 |
| Total Shareholders' Equity | 67.9M | 14.15M | 11.56M | 8.89M | 2.23M | 2.76M |
| Common Stock | 8.88K | 7.77K | 7.77K | 7.77K | 7.77K | 7.77K |
| Retained Earnings | 12.91M | 14.15M | 11.56M | 8.89M | 2.23M | 2.76M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -7.67K | 0 | -7.67K | -7.67K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Negative cash flow conversion
As reported in recent financial filings, GLE's total assets surged to $72.4M in 2025Q2 from $32.3M in 2024Q4, yet this expansion appears driven by non-operating factors rather than organic growth, as the company simultaneously reports deteriorating cash flow and mounting operational losses in its core ICT segments.
The rapid increase in asset size suggests a potential shift in capital structure or recent inorganic activity that warrants caution. Investors should monitor whether this asset growth is sustainable or if it represents a temporary inflation of the balance sheet that fails to support long-term profitability.
Based on the latest quarterly data, GLE maintains a cash position of $26.9M, which provides a nominal liquidity buffer, yet the company's current ratio of 10.01 appears misleadingly high given the underlying negative operating cash flow and the persistent volatility in its working capital requirements.
While the headline liquidity metrics appear robust, the disconnect between cash reserves and operational performance suggests that the company may be struggling to convert its service-based revenue into actual cash. This liquidity may be quickly eroded if the current burn rate continues without a clear path to operational efficiency.
According to the 2025Q2 balance sheet, GLE now carries $6.1M in goodwill, a significant departure from the zero-goodwill position held in 2024Q4, which suggests that recent acquisitions may be introducing impairment risks that could further pressure the company's already strained equity base in future reporting periods.
The sudden appearance of goodwill on the balance sheet indicates an aggressive inorganic strategy that may not be yielding immediate synergies. Analysts should scrutinize the valuation of these acquired assets to determine if they are truly accretive or merely masking underlying operational weaknesses.
As evidenced by the financial statements, GLE's equity base has expanded to $67.9M, yet the quality of this capital remains questionable as it appears heavily influenced by recent asset acquisitions rather than the accumulation of retained earnings, which have remained stagnant at $12.9M since 2025Q1.
The lack of growth in retained earnings suggests that the company is not generating sufficient internal value to support its expansion. This reliance on external or inorganic capital sources may indicate that the business model is not yet self-sustaining, leaving shareholders exposed to potential future dilution.
Quick answers to the most common questions about buying GLE stock.
As of 2024, Global Engine Group Holding Limited Ordinary Shares (GLE) had total assets of $32.3M including $26.1M in current assets.
Global Engine Group Holding Limited Ordinary Shares (GLE) carries total debt of $0.0M, offset by $8.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Global Engine Group Holding Limited Ordinary Shares (GLE) has total shareholders' equity (book value) of $14.2M ($0.79 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Global Engine Group Holding Limited Ordinary Shares (GLE) reported a current ratio of 1.43x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.