The company maintains a highly conservative capital structure, evidenced by a negligible debt-to-equity ratio of 0.01% and a healthy current ratio of 1.96 as of 2024Q4.
| Total Current Assets | 5.46M | 4.02M | 2.12M | 2.46M |
| Cash & Short-Term Investments | 2.3M | 554.13K | 557.74K | 1.03M |
| Cash Only | 2.3M | 554.13K | 557.74K | 1.03M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.58M | 1.97M | 1.55M | 1.42M |
| Days Sales Outstanding | 56.98 | 38.75 | 23.5 | 38.99 |
| Inventory | 0 | 0 | 4.12K | 0 |
| Days Inventory Outstanding | - | - | 0.07 | - |
| Other Current Assets | 374.29K | 1.31M | -4.12K | 0 |
| Total Non-Current Assets | 2.5M | 453.67K | 404.48K | 246.12K |
| Property, Plant & Equipment | 155.81K | 133.16K | 83.97K | 79.46K |
| Fixed Asset Turnover | 106.15x | 139.59x | 286.08x | 166.83x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 9.11K | 8.47K | 8.44K | 9.48K |
| Other Non-Current Assets | 2.33M | 312.04K | 312.07K | 157.19K |
| Total Assets | 7.96M | 4.47M | 2.52M | 2.71M |
| Asset Turnover | 2.08x | 4.15x | 9.53x | 4.89x |
| Asset Growth % | 77.78% | 77.53% | -6.98% | - |
| Total Current Liabilities | 2.79M | 3.89M | 1.62M | 1.11M |
| Accounts Payable | 649.18K | 2.6M | 1.31M | 966.4K |
| Days Payables Outstanding | 16.78 | 56.92 | 21.16 | 28.75 |
| Short-Term Debt | 28.46K | 25.74K | 41.55K | 27.64K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 24.16K |
| Other Current Liabilities | -28.46K | -25.74K | -41.55K | -27.64K |
| Current Ratio | 1.96x | 1.03x | 1.31x | 2.21x |
| Quick Ratio | 1.96x | 1.03x | 1.31x | 2.21x |
| Cash Conversion Cycle | - | - | 2.41 | - |
| Total Non-Current Liabilities | 0 | 80.24K | 4.84K | 36.05K |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 80.24K | 4.84K | 36.05K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Liabilities | 2.79M | 3.97M | 1.62M | 1.15M |
| Total Debt | 41.02K | 145.87K | 111.01K | 101.96K |
| Net Debt | -2.26M | -408.27K | -446.72K | -926.48K |
| Debt / Equity | 0.01x | 0.29x | 0.12x | 0.07x |
| Debt / EBITDA | 0.03x | 0.12x | 0.13x | 0.18x |
| Net Debt / EBITDA | -1.61x | -0.35x | -0.51x | -1.61x |
| Interest Coverage | 559.99x | 1075.85x | 296.60x | 7228.01x |
| Total Equity | 5.17M | 502.18K | 899.14K | 1.56M |
| Equity Growth % | 929.43% | -44.15% | -42.36% | - |
| Book Value per Share | 0.36 | 0.03 | 0.06 | 0.10 |
| Total Shareholders' Equity | 5.17M | 502.18K | 899.14K | 1.56M |
| Common Stock | 14.93K | 8.47K | 13.13K | 13.13K |
| Retained Earnings | 1.71M | 241.36K | 770.94K | 1.56M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
Volume-dependent revenue volatility
According to recent financial filings, Globavend's total assets grew from $2.5M in 2022Q4 to $8.0M by 2024Q4, yet this expansion appears disconnected from the underlying revenue decline, suggesting that capital accumulation is outpacing the company's ability to generate profitable growth from its core logistics operations.
The increase in asset base appears to be driven by cash accumulation rather than productive investment in logistics infrastructure. Investors should monitor whether this capital buildup is a strategic defensive measure or a sign of management's inability to identify value-accretive opportunities in the current market environment.
As reported in quarterly balance sheets, the company maintains a current ratio of 1.96 as of 2024Q4, providing a sufficient short-term buffer, though the reliance on cash reserves to support a contracting business model warrants further investigation into the sustainability of current working capital management practices.
The current ratio has fluctuated significantly, peaking at 3.19 in 2024Q2 before settling, which indicates inconsistent management of short-term obligations. This liquidity position appears adequate for immediate needs, but the lack of revenue growth suggests that this cash may be trapped rather than effectively deployed.
Based on the provided financial statements, equity has expanded to $5.2M by 2024Q4, with retained earnings reaching $1.7M, reflecting a conservative capital structure that avoids significant dilution but remains vulnerable to the persistent margin pressures observed in the company's core cross-border freight forwarding activities.
The growth in equity appears to be primarily driven by retained earnings rather than external financing, which is a positive signal for capital discipline. However, the quality of this equity remains tied to the company's ability to reverse its recent revenue contraction and improve its thin operating margins.
As indicated by the latest balance sheet data, Globavend maintains a negligible debt-to-equity ratio of 0.01%, suggesting that the company has successfully avoided debt-funded expansion, which may be a prudent strategy given the inherent volatility of the Hong Kong-to-Australia e-commerce logistics trade lane.
The near-zero debt profile indicates that the company is not currently exposed to interest rate risk or refinancing pressure. While this provides a fortress-like stability, it also suggests that management may be overly cautious, potentially missing opportunities to scale operations during periods of market dislocation.
Quick answers to the most common questions about buying GVH stock.
As of 2024, Globavend Holdings Limited (GVH) had total assets of $8.0M including $5.5M in current assets.
Globavend Holdings Limited (GVH) carries total debt of $0.0M, offset by $2.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Globavend Holdings Limited (GVH) has total shareholders' equity (book value) of $5.2M ($0.36 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Globavend Holdings Limited (GVH) reported a current ratio of 1.96x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.