While the firm maintains a conservative debt-to-equity ratio of 3.90%, this may reflect limited access to capital rather than financial strength given the underlying operational fragility.
| Metric | Apr'25 | Apr'24 | Apr'23 |
|---|
| Total Current Assets | 7.46M | 7.08M | 8.17M |
| Cash & Short-Term Investments | 759.89K | 1.87M | 1.61M |
| Cash Only | 759.89K | 1.87M | 1.61M |
| Short-Term Investments | 0 | 0 | 0 |
| Accounts Receivable | 5.27M | 4.95M | 6.35M |
| Days Sales Outstanding | 125.27 | 74.65 | 106.03 |
| Inventory | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - |
| Other Current Assets | 1.05M | 0 | 0 |
| Total Non-Current Assets | 1.05M | 1.11M | 917.16K |
| Property, Plant & Equipment | 605.55K | 673.13K | 744.74K |
| Fixed Asset Turnover | 25.36x | 35.95x | 29.35x |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Long-Term Investments | 440.89K | 439.82K | 172.41K |
| Other Non-Current Assets | 0 | 0 | 0 |
| Total Assets | 8.51M | 8.19M | 9.08M |
| Asset Turnover | 1.81x | 2.95x | 2.41x |
| Asset Growth % | 3.85% | -9.83% | - |
| Total Current Liabilities | 6M | 4.96M | 7.81M |
| Accounts Payable | 2.47M | 2.61M | 2.85M |
| Days Payables Outstanding | 69.33 | 46.86 | 54.12 |
| Short-Term Debt | 306.14K | 421.75K | 327.08K |
| Deferred Revenue (Current) | 153.11K | 581.77K | 1.08M |
| Other Current Liabilities | 0 | 0 | 130.34K |
| Current Ratio | 1.24x | 1.43x | 1.05x |
| Quick Ratio | 1.24x | 1.43x | 1.05x |
| Cash Conversion Cycle | - | - | - |
| Total Non-Current Liabilities | 1.9M | 1.28M | 1.13M |
| Long-Term Debt | 1.35M | 697.7K | 508.8K |
| Capital Lease Obligations | 489.23K | 507.75K | 524.91K |
| Deferred Tax Liabilities | 68.22K | 79.35K | 96.86K |
| Other Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 7.91M | 6.24M | 8.94M |
| Total Debt | 2.34M | 1.65M | 1.38M |
| Net Debt | 1.58M | -220.43K | -232.38K |
| Debt / Equity | 3.90x | 0.85x | 9.85x |
| Debt / EBITDA | 14.93x | 0.77x | 1.52x |
| Net Debt / EBITDA | 10.07x | -0.10x | -0.26x |
| Interest Coverage | 0.78x | 29.97x | 16.69x |
| Total Equity | 599.54K | 1.95M | 140.21K |
| Equity Growth % | -69.25% | 1290.45% | - |
| Book Value per Share | 0.02 | 0.06 | 0.00 |
| Total Shareholders' Equity | 599.54K | 1.95M | 140.21K |
| Common Stock | 86.58K | 86.58K | 86.58K |
| Retained Earnings | 1.15M | 2.71M | 1.15M |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | -640.93K | -847.9K | -1.1M |
| Minority Interest | 0 | 0 | 0 |
Severe liquidity and solvency
As indicated by the company's financial profile, the balance sheet appears increasingly vulnerable, with a 36.54% revenue decline suggesting that the firm's asset base is failing to generate sufficient returns to offset the ongoing cyclical downturn in the Singaporean mechanical and electrical engineering services market.
The trajectory of the balance sheet suggests a weakening position as the firm struggles to maintain operational scale. Investors should monitor whether the current asset base can support future project bidding or if further contraction will necessitate a restructuring of the firm's capital commitments.
Based on reported figures, the company maintains a conservative debt-to-equity ratio of 3.90%, which, while seemingly protective, may actually indicate limited access to external financing rather than a strategic choice to avoid leverage in a capital-intensive engineering and construction environment.
While the low debt load provides a buffer against interest rate volatility, it does not compensate for the lack of operational cash flow. The reliance on internal resources in a low-margin environment suggests that the firm may be ill-equipped to fund large-scale project mobilization without external support.
According to the latest financial data, the company holds a cash balance of approximately $759,891 against $15 million in revenue, which implies a dangerously thin liquidity buffer that leaves the firm highly susceptible to payment delays or unexpected project cost overruns in the current cycle.
This liquidity profile suggests that the company lacks the necessary cushion to absorb shocks from the construction sector's typical milestone-based payment delays. Any disruption in project certification could force the firm into a liquidity crisis, given the absence of significant cash reserves.
As reported in financial statements, the reliance on percentage-of-completion accounting creates a significant risk that the balance sheet is inflated by unbilled contract assets, which may prove difficult to collect if the current revenue contraction reflects broader project delivery failures or client insolvency.
The potential for aggressive revenue recognition warrants further investigation into the quality of these contract assets. If these assets are not converted to cash in a timely manner, the firm's reported equity may be significantly overstated relative to its actual realizable value.
Quick answers to the most common questions about buying MAGH stock.
As of 2024, Magnitude International Ltd Ordinary Shares (MAGH) had total assets of $8.5M including $7.5M in current assets.
Magnitude International Ltd Ordinary Shares (MAGH) carries total debt of $2.3M, offset by $0.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Magnitude International Ltd Ordinary Shares (MAGH) has total shareholders' equity (book value) of $0.6M ($0.02 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Magnitude International Ltd Ordinary Shares (MAGH) reported a current ratio of 1.24x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.