Luda Technology Group Limited maintains a highly conservative financial position, evidenced by a minimal debt-to-equity ratio of 0.10%.
| Metric | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 |
|---|
| Total Current Assets | 39.99M | 31.85M | 39.51M | 33.85M | 25.95M |
| Cash & Short-Term Investments | 10.25M | 9.52M | 8.1M | 4.14M | 5.47M |
| Cash Only | 4.52M | 8.13M | 8.08M | 4.12M | 5.45M |
| Short-Term Investments | 5.73M | 1.39M | 19.6K | 18.24K | 22.65K |
| Accounts Receivable | 23.89M | 15.26M | 22.66M | 22.5M | 15.27M |
| Days Sales Outstanding | 260.06 | 124.12 | 160.81 | 164.73 | 163.22 |
| Inventory | 4.97M | 5.81M | 7.35M | 6.12M | 4.67M |
| Days Inventory Outstanding | 65.65 | 63.35 | 66.19 | 56.42 | 63.1 |
| Other Current Assets | 734.88K | 871.84K | 1.1M | 316.54K | 165.61K |
| Total Non-Current Assets | 9.13M | 7.45M | 7.19M | 5.78M | 5.91M |
| Property, Plant & Equipment | 5.46M | 5.12M | 4.66M | 3.47M | 3.72M |
| Fixed Asset Turnover | 6.14x | 8.75x | 11.04x | 14.38x | 9.18x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 711.16K | 701.15K | 741.23K | 784K | 871.26K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2.33M | 1.07M | 1.23M | 1.18M | 1.05M |
| Total Assets | 49.13M | 39.31M | 46.7M | 39.63M | 31.86M |
| Asset Turnover | 0.68x | 1.14x | 1.10x | 1.26x | 1.07x |
| Asset Growth % | 24.98% | -15.83% | 17.82% | 24.41% | - |
| Total Current Liabilities | 24.54M | 25.85M | 28.75M | 22.6M | 17.17M |
| Accounts Payable | 10.57M | 8.67M | 12.08M | 11.87M | 6.26M |
| Days Payables Outstanding | 139.67 | 94.62 | 108.75 | 109.49 | 84.62 |
| Short-Term Debt | 0 | 0 | 140.85K | 0 | 0 |
| Deferred Revenue (Current) | 128.19K | 221.77K | 225.53K | 223.57K | 401.18K |
| Other Current Liabilities | 11.23M | 12.98M | 13.43M | 6.68M | 6.54M |
| Current Ratio | 1.63x | 1.23x | 1.37x | 1.50x | 1.51x |
| Quick Ratio | 1.43x | 1.01x | 1.12x | 1.23x | 1.24x |
| Cash Conversion Cycle | 186.04 | 92.85 | 118.24 | 111.66 | 141.71 |
| Total Non-Current Liabilities | 2.38M | 790.91K | 1.2M | 2.51M | 1.57M |
| Long-Term Debt | 1.77M | 614.48K | 763.93K | 2.1M | 1.32M |
| Capital Lease Obligations | 234.84K | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 372.94K | 176.43K | 437.65K | 408.54K | 248.56K |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 26.92M | 26.64M | 29.95M | 25.1M | 18.74M |
| Total Debt | 2.3M | 614.48K | 904.78K | 2.1M | 1.32M |
| Net Debt | -2.21M | -7.52M | -7.18M | -2.02M | -4.13M |
| Debt / Equity | 0.10x | 0.05x | 0.05x | 0.14x | 0.10x |
| Debt / EBITDA | - | 0.66x | 0.21x | 0.49x | 0.46x |
| Net Debt / EBITDA | - | -8.03x | -1.65x | -0.47x | -1.43x |
| Interest Coverage | 2.90x | 0.83x | 9.56x | 11.52x | 21.86x |
| Total Equity | 22.21M | 12.66M | 16.75M | 14.53M | 13.12M |
| Equity Growth % | 75.37% | -24.38% | 15.27% | 10.78% | - |
| Book Value per Share | 1.11 | 0.56 | 0.74 | 0.65 | 0.58 |
| Total Shareholders' Equity | 22.21M | 12.66M | 16.75M | 14.53M | 13.12M |
| Common Stock | 727.24K | 641.03K | 641.03K | 641.03K | 641.03K |
| Retained Earnings | 11.82M | 11.37M | 15.24M | 12.86M | 10.56M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.37M | 650.04K | 862.51K | 1.03M | 1.92M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Operational margin and liquidity
As reported in financial statements, Luda Technology Group Limited maintains a conservative financial posture with a debt-to-equity ratio of 0.10%, suggesting that management is prioritizing balance sheet integrity to navigate the 25.25% year-over-year revenue decline currently impacting the firm's core industrial manufacturing and trading operations.
The company's decision to maintain minimal leverage appears to be a strategic buffer against the volatility inherent in the steel sector. However, investors should monitor whether this conservative stance reflects a lack of growth opportunities or a necessary defensive reaction to the ongoing operational losses.
Based on Luda Technology Group Limited's reported figures, the company operates with a debt-to-equity ratio of 0.10%, which indicates that the firm is not currently reliant on external credit to fund its operations despite the significant 25.25% contraction in its top-line revenue performance.
This low leverage profile suggests that the company faces minimal immediate refinancing risk, which is a positive factor given the current negative operating margin of -2.84%. The absence of significant debt obligations provides the firm with a degree of flexibility to weather prolonged periods of industrial demand weakness.
According to recent financial disclosures, Luda Technology Group Limited holds approximately $4.5 million in cash, which serves as a critical liquidity buffer for the company as it attempts to navigate a challenging environment characterized by a negative operating margin of -2.84% and declining global steel demand.
While this cash position appears sufficient for short-term survival, the reliance on non-operating income to achieve a net margin of 1.66% suggests that the company's core business is currently burning through resources. Investors should scrutinize the rate of cash depletion to determine how long this liquidity can sustain operations without a recovery in core profitability.
As indicated by the company's financial data, the net margin of 1.66% exceeds the negative operating margin of -2.84%, which suggests that headline profitability is being artificially supported by non-operating items rather than the underlying manufacturing and trading business of Luda Technology Group Limited.
This discrepancy warrants further investigation, as it implies that the balance sheet's apparent health may be partially dependent on one-off gains or interest income rather than sustainable operational cash generation. Analysts should be cautious of interpreting these headline figures as evidence of a turnaround in the firm's core industrial activities.
Quick answers to the most common questions about buying LUD stock.
As of 2025, Luda Technology Group Limited (LUD) had total assets of $49.1M including $40.0M in current assets.
Luda Technology Group Limited (LUD) carries total debt of $2.3M, offset by $10.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Luda Technology Group Limited (LUD) has total shareholders' equity (book value) of $22.2M ($1.11 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Luda Technology Group Limited (LUD) reported a current ratio of 1.63x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.