The company's equity base has been severely compromised by persistent losses, resulting in retained earnings of -$9.8M as of 2024Q4 despite a current ratio of 5.98.
| Total Current Assets | 13.23M | 4.92M | 13.23M | 2.29M | 4.44M | 3.14M |
| Cash & Short-Term Investments | 8.17M | 2.99M | 8.17M | 1.07M | 2M | 1.64M |
| Cash Only | 8.17M | 2.99M | 8.17M | 1.07M | 2M | 1.64M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 377.27K | 965.61K | 377.27K | 1.03M | 2.4M | 1.37M |
| Days Sales Outstanding | 26.92 | 63.03 | 34.06 | 61.92 | 122.3 | 101.64 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 153.58K | 266.32K | 153.58K | 194.48K | 38.53K | 134.78K |
| Total Non-Current Assets | 2.79M | 6.93M | 2.79M | 1.93M | 2.29M | 1.76M |
| Property, Plant & Equipment | 28.93K | 1.61M | 28.93K | 136.16K | 289.92K | 10.54K |
| Fixed Asset Turnover | 90.17x | 3.47x | 139.74x | 44.72x | 24.67x | 466.08x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.75M | 1.43M | 1.75M | 1.61M | 1.82M | 1.56M |
| Long-Term Investments | 1M | 3.89M | 1M | 0 | 0 | 0 |
| Other Non-Current Assets | 3.16K | 0 | 3.16K | 18.34K | 25.64K | 25.64K |
| Total Assets | 16.02M | 11.85M | 16.02M | 4.22M | 6.73M | 4.9M |
| Asset Turnover | 1.43x | 0.47x | 0.25x | 1.44x | 1.06x | 1.00x |
| Asset Growth % | 200.81% | -26.04% | 279.22% | -37.21% | 37.26% | - |
| Total Current Liabilities | 2.21M | 2.03M | 2.21M | 1.62M | 2.78M | 2.74M |
| Accounts Payable | 299.54K | 236.45K | 299.54K | 284.39K | 317.21K | 477.64K |
| Days Payables Outstanding | 22.59 | 24.37 | 36.58 | 32.27 | 39.3 | 66.42 |
| Short-Term Debt | 256.92K | 301.77K | 256.92K | 245.63K | 149.87K | 145.44K |
| Deferred Revenue (Current) | 3.49M | 848.71K | 1.14M | 597.12K | 1.84M | 1.45M |
| Other Current Liabilities | 457.29K | 140.72K | 457.29K | 360.98K | 252.07K | 173.24K |
| Current Ratio | 5.98x | 2.43x | 5.98x | 1.42x | 1.60x | 1.15x |
| Quick Ratio | 5.98x | 2.43x | 5.98x | 1.42x | 1.60x | 1.15x |
| Cash Conversion Cycle | 4.33 | - | - | - | - | - |
| Total Non-Current Liabilities | 248.96K | 1.31M | 248.96K | 508.94K | 585.54K | 799.01K |
| Long-Term Debt | 246.66K | 141.77K | 246.66K | 503.58K | 313.54K | 463.41K |
| Capital Lease Obligations | 56.94K | 1.1M | 0 | 0 | 123.88K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | -148.12K | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 148.12K | 335.6K |
| Total Liabilities | 2.46M | 3.33M | 2.46M | 2.13M | 3.36M | 3.54M |
| Total Debt | 503.58K | 1.54M | 503.58K | 873.08K | 716.73K | 608.85K |
| Net Debt | -7.66M | -1.44M | -7.66M | -194.15K | -1.28M | -1.03M |
| Debt / Equity | 0.04x | 0.18x | 0.04x | 0.42x | 0.21x | 0.45x |
| Debt / EBITDA | -0.06x | - | - | - | 0.35x | - |
| Net Debt / EBITDA | 0.85x | - | - | - | -0.63x | - |
| Interest Coverage | -172.50x | -315.77x | -241.92x | -34.71x | 116.12x | 4.47x |
| Total Equity | 13.56M | 8.51M | 13.56M | 2.1M | 3.36M | 1.36M |
| Equity Growth % | 437.76% | -37.2% | 546.57% | -37.68% | 147.01% | - |
| Book Value per Share | 2.38 | 1.46 | 2.71 | 0.42 | 0.67 | 0.27 |
| Total Shareholders' Equity | 13.56M | 8.51M | 13.56M | 2.1M | 3.36M | 1.36M |
| Common Stock | 31.34K | 31.34K | 31.34K | 26.81K | 26.81K | 26.81K |
| Retained Earnings | -9.77M | -14.2M | -9.77M | -1.12M | 189.41K | -1.8M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 146.5K | -452.9K | 146.5K | 81.57K | 41.37K | 27.09K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and capital exhaustion
According to reported financial statements, ORKT's total assets fluctuated from $6.7M in 2022Q4 to $16.0M in 2024Q4, yet this expansion masks a deteriorating equity position as retained earnings have plummeted to -$9.8M, signaling a fundamental weakening of the company's long-term financial stability and capital base.
The rapid accumulation of assets appears disconnected from operational performance, suggesting that the balance sheet is being propped up by non-core activities rather than organic growth. Investors should monitor whether this asset growth is sustainable or if it represents a temporary inflation of the balance sheet that may face future impairment.
As indicated by the 2024Q4 data, ORKT reports a current ratio of 5.98, which appears deceptively robust compared to the 0.75 ratio observed in 2024Q2, yet this improvement likely reflects recent capital injections rather than an underlying strengthening of the company's ability to generate internal cash flow.
While the current ratio suggests a temporary liquidity buffer, the company's history of negative retained earnings implies that this cash is being consumed rapidly to fund ongoing operating losses. The reliance on external financing to maintain liquidity warrants caution, as the company lacks a self-sustaining cash generation mechanism.
Based on the provided balance sheet figures, ORKT's equity quality has been severely compromised by a consistent decline in retained earnings, which reached -$9.8M by 2024Q4, indicating that the company is effectively consuming its shareholder capital to finance its current high-cost, service-heavy business model.
The persistent negative trajectory of retained earnings suggests that the company's core operations are not creating value for shareholders. This trend implies that future growth may require further dilutive capital raises, as the current equity base is insufficient to support the company's long-term operational requirements.
As reported in recent filings, ORKT carries $1.8M in goodwill, which represents a significant portion of its total asset base, raising concerns that these intangible assets may be subject to future impairment if the company fails to achieve its projected growth and profitability targets.
The presence of substantial goodwill on the balance sheet, coupled with a history of operating losses, suggests that the carrying value of these assets may be optimistic. Investors should consider the risk that a downward revision of these intangibles could further erode the company's already strained equity position.
Quick answers to the most common questions about buying ORKT stock.
As of 2025, Orangekloud Technology Inc. (ORKT) had total assets of $11.8M including $4.9M in current assets.
Orangekloud Technology Inc. (ORKT) carries total debt of $1.5M, offset by $3.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Orangekloud Technology Inc. (ORKT) has total shareholders' equity (book value) of $8.5M ($1.46 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Orangekloud Technology Inc. (ORKT) reported a current ratio of 2.43x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.