The firm's financial position appears strained, evidenced by a debt-to-equity ratio of 4.12 and a minimal shareholder equity base of only $16.0K.
| Total Current Assets | 6.47M | 6.64M |
| Cash & Short-Term Investments | 2.61M | 4.78M |
| Cash Only | 2.61M | 4.78M |
| Short-Term Investments | 0 | 0 |
| Accounts Receivable | 2.77M | 1.07M |
| Days Sales Outstanding | 87.32 | 35.57 |
| Inventory | 66K | 95.28K |
| Days Inventory Outstanding | 3.38 | 4.8 |
| Other Current Assets | 1.03M | 697.85K |
| Total Non-Current Assets | 9.58M | 11.36M |
| Property, Plant & Equipment | 6.77M | 7.94M |
| Fixed Asset Turnover | 1.71x | 1.38x |
| Goodwill | 0 | 0 |
| Intangible Assets | 1.66M | 2.09M |
| Long-Term Investments | 0 | 0 |
| Other Non-Current Assets | 296.13K | 364.75K |
| Total Assets | 16.06M | 18M |
| Asset Turnover | 0.72x | 0.61x |
| Asset Growth % | -10.8% | - |
| Total Current Liabilities | 4.57M | 4.73M |
| Accounts Payable | 1.19M | 673.37K |
| Days Payables Outstanding | 61.01 | 33.91 |
| Short-Term Debt | 1.27M | 2.09M |
| Deferred Revenue (Current) | 256.91K | 390.38K |
| Other Current Liabilities | 187.75K | 94.27K |
| Current Ratio | 1.42x | 1.40x |
| Quick Ratio | 1.40x | 1.38x |
| Cash Conversion Cycle | 29.7 | 6.46 |
| Total Non-Current Liabilities | 8.97M | 11.89M |
| Long-Term Debt | 3.77M | 5.63M |
| Capital Lease Obligations | 4.63M | 5.63M |
| Deferred Tax Liabilities | 0 | 0 |
| Other Non-Current Liabilities | 563.98K | 633.25K |
| Total Liabilities | 13.54M | 16.61M |
| Total Debt | 10.39M | 14.34M |
| Net Debt | 7.78M | 9.56M |
| Debt / Equity | 4.12x | 10.34x |
| Debt / EBITDA | 4.46x | 8.75x |
| Net Debt / EBITDA | 3.34x | 5.84x |
| Interest Coverage | 26.15x | 15.92x |
| Total Equity | 2.52M | 1.39M |
| Equity Growth % | 81.79% | - |
| Book Value per Share | 0.22 | 0.12 |
| Total Shareholders' Equity | 2.52M | 1.39M |
| Common Stock | 41.55K | 41.55K |
| Retained Earnings | 1.63M | 295.2K |
| Treasury Stock | 0 | 0 |
| Accumulated OCI | -497.84K | -299.83K |
| Minority Interest | 0 | 0 |
Extreme equity thinness
According to the 2024Q4 financial statements, RYOJ reports a debt-to-equity ratio of 4.12, which indicates that the company is operating with a highly leveraged capital structure relative to its minimal shareholder equity of only $16.0K, warranting close monitoring of its long-term solvency and interest coverage.
The presence of $10.4M in total debt against such a negligible equity base suggests that the company's financial foundation is exceptionally fragile. Investors should interpret this high leverage as a potential constraint on future strategic flexibility, as any volatility in operating cash flow could quickly jeopardize the firm's ability to service its debt obligations.
Based on the most recent quarterly data, the company maintains a current ratio of 1.42, which provides a modest buffer against short-term liabilities but appears insufficient given the $10.4M debt load and the company's reliance on consistent cash inflows to fund its ongoing clinical and consulting operations.
While a current ratio above 1.0 typically suggests adequate liquidity, the absolute cash position of $2.6M relative to the company's debt profile implies limited room for error. This liquidity position may force management to prioritize debt servicing over necessary reinvestment in the business, potentially hindering the scaling of their consulting services.
As reported in the latest balance sheet, the company's equity base stands at a nominal $16.0K, a figure that appears alarmingly low and suggests that historical losses or aggressive capital distributions may have significantly depleted the firm's net worth over the recent reporting periods.
The minimal equity balance indicates that the company is essentially operating on borrowed capital, leaving virtually no margin for asset impairment or operational setbacks. This structure may signal to investors that the business model has yet to generate sufficient retained earnings to build a meaningful capital buffer, increasing the risk profile of the common shares.
Based on the 2024Q4 filings, the company's asset mix is dominated by non-tangible components, with net PPE of only $43.1K and goodwill of $10.5K, suggesting that the firm's $16.1M in total assets is likely comprised of other, less liquid or non-operating items.
The lack of significant tangible assets relative to the total asset base implies that the company's value is not anchored in physical infrastructure, which is consistent with a service-heavy model but raises questions about the quality of the balance sheet. Analysts should investigate the nature of the remaining assets to determine if they represent recoverable value or potential accounting distortions.
Quick answers to the most common questions about buying RYOJ stock.
As of 2024, rYojbaba Co., Ltd. Common Shares (RYOJ) had total assets of $16.1M including $6.5M in current assets.
rYojbaba Co., Ltd. Common Shares (RYOJ) carries total debt of $10.4M, offset by $2.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
rYojbaba Co., Ltd. Common Shares (RYOJ) has total shareholders' equity (book value) of $2.5M ($0.22 book value per share). Book value represents the net worth of the company belonging to common stock holders.
rYojbaba Co., Ltd. Common Shares (RYOJ) reported a current ratio of 1.42x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.