The balance sheet appears vulnerable, with goodwill accounting for $3.6 million of the $5.8 million in total assets and an accumulated deficit in retained earnings reaching $50.1 million.
| Total Current Assets | 1.93M | 1.47M | 4.82M | 5.52M | 1.28M | 511.66K |
| Cash & Short-Term Investments | 594.67K | 305.82K | 3.17M | 4.16M | 650.73K | 161.19K |
| Cash Only | 594.67K | 275.88K | 3.17M | 4.08M | 650.73K | 161.19K |
| Short-Term Investments | 0 | 29.94K | 0 | 72.66K | 0 | 0 |
| Accounts Receivable | 876.35K | 904.56K | 631.5K | 1.2M | 391.02K | 214.05K |
| Days Sales Outstanding | 99.87 | 79.54 | 42.87 | 104.01 | 65.13 | 39.35 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 0 | -29.94K | 657.01K | -72.66K | 0 | 79.92K |
| Total Non-Current Assets | 3.9M | 4.68M | 4.41M | 3.04M | 1.51M | 1.12M |
| Property, Plant & Equipment | 262.63K | 477.74K | 694.61K | 802.67K | 108.15K | 136.27K |
| Fixed Asset Turnover | 12.19x | 8.69x | 7.74x | 5.26x | 20.26x | 14.57x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.63M | 730.51K | 939.73K | 2.24M | 1.4M | 984.36K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 3.47M | 2.78M | 0 | 0 | 0 |
| Total Assets | 5.83M | 6.16M | 9.23M | 8.55M | 2.78M | 1.63M |
| Asset Turnover | 0.55x | 0.67x | 0.58x | 0.49x | 0.79x | 1.22x |
| Asset Growth % | -5.37% | -33.32% | 7.95% | 207.56% | 70.41% | - |
| Total Current Liabilities | 1.78M | 2.51M | 3.77M | 2.92M | 2.4M | 2.68M |
| Accounts Payable | 246.68K | 509.78K | 773.92K | 661.75K | 475.07K | 666.8K |
| Days Payables Outstanding | 22.87 | 62.32 | 40.43 | 38.85 | 57.59 | 72.26 |
| Short-Term Debt | 427.28K | 271.6K | 301.6K | 308.1K | 435.6K | 719.67K |
| Deferred Revenue (Current) | 170.22K | 0 | 0 | 137.34K | 24.08K | 32.41K |
| Other Current Liabilities | 136.51K | 890.36K | 1.89M | 792.49K | 582.97K | 141.81K |
| Current Ratio | 1.09x | 0.59x | 1.28x | 1.89x | 0.53x | 0.19x |
| Quick Ratio | 1.09x | 0.59x | 1.28x | 1.89x | 0.53x | 0.19x |
| Cash Conversion Cycle | - | - | - | - | - | - |
| Total Non-Current Liabilities | 224.84K | 337.31K | 471.3K | 520.24K | 1.21M | 1.11M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 62.74K | 203.91K | 332.58K | 417.74K | 87.4K | 130.7K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 162.1K | 133.4K | 138.72K | 102.49K | 1.13M | 981.74K |
| Total Liabilities | 2M | 2.85M | 4.24M | 3.44M | 3.62M | 3.8M |
| Total Debt | 631.19K | 604.18K | 719.34K | 758.52K | 566.3K | 868.15K |
| Net Debt | 36.52K | 328.3K | -2.46M | -3.33M | -84.43K | 706.96K |
| Debt / Equity | 0.16x | 0.18x | 0.14x | 0.15x | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - |
| Interest Coverage | -26.68x | -37.09x | -36.54x | -5.93x | -23.83x | -25.96x |
| Total Equity | 3.83M | 3.31M | 4.99M | 5.12M | -835.48K | -2.16M |
| Equity Growth % | 15.52% | -33.63% | -2.49% | 712.52% | 61.39% | - |
| Book Value per Share | 2.13 | 2.55 | 4.73 | 4.99 | -0.81 | -2.11 |
| Total Shareholders' Equity | 3.83M | 3.31M | 4.99M | 5.12M | -835.48K | -2.16M |
| Common Stock | 53.2M | 48.59M | 47.93M | 45.04M | 35.51M | 33.18M |
| Retained Earnings | -50.13M | -48.2M | -45.35M | -45.23M | -40.14M | -39.14M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 756.38K | 2.93M | 2.4M | 5.31M | 3.8M | 3.8M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Insufficient liquidity and churn
As reported in recent financial statements, Locafy's total assets have declined from $9.2 million in 2023Q4 to $5.8 million by 2025Q4, signaling a persistent contraction in the company's resource base that mirrors the ongoing deterioration of its core revenue-generating capabilities and overall market footprint.
The consistent reduction in total assets suggests that the company is struggling to maintain its operational scale, likely due to the combined impact of operating losses and asset impairment. Investors should monitor whether this downward trajectory in asset value reflects a strategic downsizing or an involuntary loss of competitive positioning.
Based on the most recent quarterly data, Locafy's cash position has dwindled to $594,671, resulting in a current ratio of 1.09 that leaves the firm with a minimal buffer against operational shocks or further revenue volatility in its reseller-dependent business model.
The volatility in the current ratio, which has fluctuated significantly over the last ten quarters, highlights the company's inability to maintain a stable liquidity profile. This thin margin of safety suggests that the firm may face imminent pressure to secure external financing to sustain its current burn rate.
According to the latest balance sheet, goodwill accounts for $3.6 million of the company's $5.8 million in total assets, indicating that a significant portion of the firm's book value is tied to intangible assets rather than tangible, revenue-producing infrastructure or cash reserves.
The high concentration of goodwill relative to total assets warrants close scrutiny, as it may be subject to future impairment charges if the company fails to arrest its revenue decline. This reliance on intangibles suggests that the underlying asset quality is highly sensitive to the firm's ability to demonstrate future growth.
As indicated by the company's reported figures, retained earnings have reached a deficit of $50.1 million, which severely constrains the quality of the equity base and underscores the long-term challenges the firm has faced in achieving a sustainable, profitable business model.
The persistent growth of the accumulated deficit suggests that the company has consistently failed to generate positive returns on invested capital. This erosion of equity quality may limit the firm's ability to raise capital through traditional debt markets, potentially forcing reliance on dilutive equity offerings.
Quick answers to the most common questions about buying LCFY stock.
As of 2025, Locafy Ltd (LCFY) had total assets of $5.8M including $1.9M in current assets.
Locafy Ltd (LCFY) carries total debt of $0.6M, 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.
Locafy Ltd (LCFY) has total shareholders' equity (book value) of $3.8M ($2.13 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Locafy Ltd (LCFY) reported a current ratio of 1.09x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.