The company maintains a conservative capital structure with a debt-to-equity ratio of 0.06, yet the concentration of assets in non-cash categories leaves the firm with a precarious $2,936 cash position.
| Total Current Assets | 3.97M | 2.32M | 1.74M | 2.25M |
| Cash & Short-Term Investments | 2.94K | 16.75K | 3.08K | 1.02M |
| Cash Only | 2.94K | 16.75K | 3.08K | 1.02M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.6M | 2.22M | 742.72K | 882.62K |
| Days Sales Outstanding | 357.28 | 247 | 41.4 | 73.11 |
| Inventory | 40.63K | 0 | 9.76K | 6.66K |
| Days Inventory Outstanding | 19.97 | - | 1.12 | 1.22 |
| Other Current Assets | 321.83K | 70.14K | 550.84K | 322.11K |
| Total Non-Current Assets | 2.69M | 2.63M | 2.26M | 788.5K |
| Property, Plant & Equipment | 89.69K | 117.34K | 129.85K | 0 |
| Fixed Asset Turnover | 41.03x | 27.98x | 50.43x | - |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 71.68K |
| Other Non-Current Assets | 2.6M | 2.51M | 2.13M | 716.82K |
| Total Assets | 6.66M | 4.95M | 4M | 3.04M |
| Asset Turnover | 0.55x | 0.66x | 1.64x | 1.45x |
| Asset Growth % | 34.54% | 23.63% | 31.91% | - |
| Total Current Liabilities | 2.24M | 1.53M | 830.36K | 771.04K |
| Accounts Payable | 103.95K | 158.03K | 0 | 286.73K |
| Days Payables Outstanding | 51.09 | 77.74 | - | 52.45 |
| Short-Term Debt | 243.54K | 139.51K | 5.12K | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 407.49K | 137.81K | 49.2K | 157.92K |
| Current Ratio | 1.77x | 1.52x | 2.10x | 2.91x |
| Quick Ratio | 1.75x | 1.52x | 2.09x | 2.91x |
| Cash Conversion Cycle | 326.15 | - | - | 21.88 |
| Total Non-Current Liabilities | 44.46K | 45.45K | 52.92K | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 38.68K | 42.97K | 49.81K | 0 |
| Deferred Tax Liabilities | 5.78K | 2.48K | 3.1K | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Liabilities | 2.29M | 1.57M | 883.27K | 771.04K |
| Total Debt | 282.22K | 182.48K | 54.93K | 0 |
| Net Debt | 279.28K | 165.73K | 51.85K | -1.02M |
| Debt / Equity | 0.06x | 0.05x | 0.02x | - |
| Debt / EBITDA | 0.25x | 0.12x | 0.03x | - |
| Net Debt / EBITDA | 0.24x | 0.11x | 0.03x | -0.54x |
| Interest Coverage | 9.03x | 979.64x | 927.93x | 10818.50x |
| Total Equity | 4.38M | 3.38M | 3.12M | 2.26M |
| Equity Growth % | 29.46% | 8.28% | 37.81% | - |
| Book Value per Share | 4036.02 | 3117.58 | 2879.28 | 2089.25 |
| Total Shareholders' Equity | 4.38M | 3.38M | 3.12M | 2.26M |
| Common Stock | 9.94K | 9.67K | 10.01K | 9.64K |
| Retained Earnings | 3.64M | 2.66M | 2.38M | 1.55M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
Extreme liquidity concentration risk
As reported in recent financial statements, RPGL's total assets grew from $4.1M in 2022Q2 to $6.7M by 2022Q4, yet this expansion appears disconnected from cash generation, as the company's cash reserves remained at a nominal $2,936, signaling a potential structural reliance on external funding or parent-entity support.
The increase in total assets suggests an accumulation of non-cash items, likely receivables or other current assets, which may not be readily convertible into liquidity. This trajectory warrants caution, as the company is scaling its balance sheet without building the cash buffer necessary to support long-term operational independence.
Based on the latest quarterly filings, RPGL maintains a cash balance of only $2,936, which represents a significant liquidity risk given the company's scale of operations and suggests that the firm lacks a meaningful buffer to absorb unexpected operational shocks or sudden shifts in working capital requirements.
The current ratio of 1.77, while appearing adequate on the surface, is misleading when the cash component is essentially non-existent. Investors should monitor whether this liquidity profile is a deliberate capital allocation strategy or a sign of underlying financial distress that limits the company's ability to navigate market volatility.
According to the provided balance sheet data, RPGL maintains a debt-to-equity ratio of 0.06, indicating that the firm is almost entirely equity-financed and avoids traditional debt obligations, which may be a strategic choice to minimize interest expenses in a high-margin, software-services business model.
While the low leverage profile protects the company from interest rate sensitivity, it also suggests that management is not utilizing debt to fuel growth or bridge liquidity gaps. This reliance on internal equity, combined with the lack of cash, implies that the business may be highly sensitive to fluctuations in its own operating cash flow.
As indicated by the financial data, the absence of goodwill and the concentration of assets in non-cash categories suggest that RPGL's balance sheet is highly sensitive to the quality of its receivables, which may be masking underlying issues with customer payment cycles or potential bad debt exposure.
The lack of transparency regarding the composition of the $6.7M in total assets makes it difficult to assess the true quality of the balance sheet. If these assets are primarily tied to long-dated receivables, the company's liquidity position may be even more precarious than the headline figures suggest.
Quick answers to the most common questions about buying RPGL stock.
As of 2022, Republic Power Group Ltd (RPGL) had total assets of $6.7M including $4.0M in current assets.
Republic Power Group Ltd (RPGL) carries total debt of $0.3M, 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.
Republic Power Group Ltd (RPGL) has total shareholders' equity (book value) of $4.4M ($4036.02 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Republic Power Group Ltd (RPGL) reported a current ratio of 1.77x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.