The company's financial position is highly precarious, characterized by a current ratio of 0.17 and a significant shareholders' equity deficit of -$30.7 million.
| Total Current Assets | 4.35M | 3.04M | 711.1K | 4.16M |
| Cash & Short-Term Investments | 47.84K | 68.37K | 20.83K | 3.4M |
| Cash Only | 47.84K | 68.37K | 20.83K | 3.4M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 369.81K | 251.39K | 343.91K | 182.77K |
| Days Sales Outstanding | 1.04K | 159 | - | 178.69 |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 5.49M | 5.59M | 6.62M | 4.6M |
| Property, Plant & Equipment | 5.46M | 5.59M | 6.62M | 4.6M |
| Fixed Asset Turnover | 0.02x | 0.10x | - | 0.08x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 37.59K | 0 | 0 | 294 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 |
| Total Assets | 9.84M | 8.64M | 7.33M | 8.76M |
| Asset Turnover | 0.01x | 0.07x | - | 0.04x |
| Asset Growth % | 13.95% | 17.87% | -16.34% | - |
| Total Current Liabilities | 25.33M | 7.59M | 3.01M | 2.52M |
| Accounts Payable | 755.27K | 73.08K | 120.92K | 639.28K |
| Days Payables Outstanding | 4.82K | 92.26 | - | 2.08K |
| Short-Term Debt | 6.39M | 5.44M | 1.01M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 |
| Current Ratio | 0.17x | 0.40x | 0.24x | 1.65x |
| Quick Ratio | 0.17x | 0.40x | 0.24x | 1.65x |
| Cash Conversion Cycle | - | - | - | - |
| Total Non-Current Liabilities | 15.24M | 11.04M | 2.42M | 3.04M |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 504.05K | 1.26M | 2.05M | 2.85M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 711.78K | 512.68K | 374.59K | 192.09K |
| Total Liabilities | 40.58M | 18.62M | 5.43M | 5.56M |
| Total Debt | 7.77M | 7.62M | 3.86M | 3.62M |
| Net Debt | 7.73M | 7.55M | 3.84M | 222.23K |
| Debt / Equity | - | - | 2.03x | 1.13x |
| Debt / EBITDA | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - |
| Interest Coverage | -17.48x | -187.79x | -137.49x | -149.20x |
| Total Equity | -30.74M | -9.99M | 1.9M | 3.2M |
| Equity Growth % | -207.74% | -626.12% | -40.7% | - |
| Book Value per Share | -0.91 | -0.29 | 0.06 | 0.09 |
| Total Shareholders' Equity | -30.74M | -9.99M | 1.9M | 3.2M |
| Common Stock | 11.02K | 11.02K | 8.71K | 100K |
| Retained Earnings | -49.6M | -27.31M | -15.42M | -4.1M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 1.16M | 260K |
| Minority Interest | 0 | 0 | 0 | 0 |
Imminent liquidity insolvency risk
As reported in recent financial filings, MCRP's cash reserves have dwindled to a precarious $47,837, resulting in a current ratio of 0.17 that underscores the company's inability to meet short-term obligations without immediate external capital intervention or a radical restructuring of its current operational expenditure profile.
The current ratio of 0.17 indicates that current liabilities vastly outweigh liquid assets, leaving the firm with virtually no buffer against operational shocks. This liquidity profile suggests that the company is likely operating on a day-to-day basis, which may force management into dilutive financing or fire-sale asset liquidations.
Based on the company's latest balance sheet, shareholders' equity has deteriorated to -$30.7 million, a trend driven by persistent net losses that have accumulated into a significant deficit, as evidenced by the -$49.6 million in retained earnings reported in the most recent quarterly period.
The shift into deep negative equity suggests that the company has exhausted its initial capital base and is now operating entirely on debt or deferred obligations. This trajectory implies that the business model has failed to achieve the scale necessary to offset its initial development costs, creating a substantial hurdle for future solvency.
According to the provided financial statements, the company's $9.8 million asset base is heavily concentrated in $5.5 million of net property, plant, and equipment, which may offer limited recovery value given the specialized, bespoke nature of the robotics hardware and infrastructure integration projects currently being deployed.
The high proportion of fixed assets relative to total assets indicates a capital-intensive business model that lacks the flexibility to pivot quickly. Investors should monitor whether these assets can be repurposed or if they represent sunk costs that will require impairment charges if project pipelines continue to contract.
Data from the latest quarterly reports reveals $14.0 million in deferred revenue, which, while appearing as a liability, may represent a significant risk if the company lacks the liquidity to fulfill these long-term municipal performance obligations without incurring further, unsustainable cash outflows for project completion.
While deferred revenue is often viewed as a positive forward indicator, in this context, it may actually represent a hidden liability if the cost to deliver the promised services exceeds the cash already collected. This discrepancy warrants further investigation into the company's ability to execute on these contracts without additional funding.
Quick answers to the most common questions about buying MCRP stock.
As of 2024, Micropolis AI Robotics (MCRP) had total assets of $9.8M including $4.3M in current assets.
Micropolis AI Robotics (MCRP) carries total debt of $7.8M, offset by $0.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Micropolis AI Robotics (MCRP) has total shareholders' equity (book value) of $-30.7M ($-0.91 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Micropolis AI Robotics (MCRP) reported a current ratio of 0.17x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.