Financial stability is severely compromised, evidenced by a current ratio of 0.00 and a total asset contraction from $52.1M in 2024Q1 to $10.2M by 2024Q4.
| Total Current Assets | 24.8K | 8.55M | 5.95M | 4.29M |
| Cash & Short-Term Investments | 769 | 1.98M | 172.7K | 77.17K |
| Cash Only | 769 | 1.98M | 172.7K | 77.17K |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 2.05M | 360.54K | 317.67K |
| Days Sales Outstanding | - | 122.17 | 300.47 | 416.1 |
| Inventory | 0 | 1.67M | 3.02M | 2.45M |
| Days Inventory Outstanding | - | 109.13 | 1.39K | 1.37K |
| Other Current Assets | 0 | 6.88K | 903.29K | 7.46K |
| Total Non-Current Assets | 10.21M | 2M | 2.41M | 2.39M |
| Property, Plant & Equipment | 0 | 1.37M | 2.34M | 2.34M |
| Fixed Asset Turnover | - | 4.45x | 0.19x | 0.12x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 10.21M | 51.2M | 178.53M | 175.95M |
| Other Non-Current Assets | 0 | -50.57M | -178.45M | -175.9M |
| Total Assets | 10.23M | 10.56M | 8.37M | 6.67M |
| Asset Turnover | - | 0.58x | 0.05x | 0.04x |
| Asset Growth % | -3.06% | 26.2% | 25.34% | - |
| Total Current Liabilities | 5.11M | 12.68M | 7.15M | 3.1M |
| Accounts Payable | 0 | 221.1K | 458.76K | 516.17K |
| Days Payables Outstanding | - | 14.48 | 210.55 | 289.37 |
| Short-Term Debt | 2.89M | 9.37M | 2.32M | 1.38M |
| Deferred Revenue (Current) | 0 | 597.45K | 1.2M | 17.52K |
| Other Current Liabilities | 2.22M | 1.73M | 1.76M | 623.43K |
| Current Ratio | 0.00x | 0.67x | 0.83x | 1.38x |
| Quick Ratio | 0.00x | 0.54x | 0.41x | 0.59x |
| Cash Conversion Cycle | - | 216.82 | 1.48K | 1.5K |
| Total Non-Current Liabilities | 0 | 24.15M | 19.77M | 13.79M |
| Long-Term Debt | 0 | 0 | 863.95K | 997.7K |
| Capital Lease Obligations | 0 | 86.76K | 254.91K | 493.12K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 24.06M | 18.65M | 12.3M |
| Total Liabilities | 5.11M | 36.83M | 26.92M | 16.89M |
| Total Debt | 2.89M | 9.62M | 3.64M | 3.12M |
| Net Debt | 2.89M | 7.64M | 3.47M | 3.04M |
| Debt / Equity | 0.56x | - | - | - |
| Debt / EBITDA | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - |
| Interest Coverage | - | -15.88x | -44.35x | -85.87x |
| Total Equity | 5.12M | -26.28M | -18.56M | -10.21M |
| Equity Growth % | 119.49% | -41.62% | -81.66% | - |
| Book Value per Share | 0.70 | -0.36 | -0.26 | -0.14 |
| Total Shareholders' Equity | 5.12M | -26M | -18.39M | -10.08M |
| Common Stock | 10.21M | 1.05K | 1.05K | 1.05K |
| Retained Earnings | -5.09M | -27.27M | -19.6M | -10.13M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 1.27M | 1.21M | 50.41K |
| Minority Interest | 0 | -279.16K | -165.56K | -137.77K |
Imminent liquidity exhaustion
As reported in recent financial filings, SCAG's total assets plummeted from $52.1M in 2024Q1 to $10.2M by 2024Q4, signaling a rapid contraction in the company's resource base that underscores the precarious nature of its current industrial trajectory.
The dramatic reduction in asset value over three quarters suggests that the company is consuming its capital base to fund ongoing operations rather than investing in productive capacity. This downward trend in total assets, coupled with persistent negative retained earnings, indicates a business model that is currently failing to build long-term value.
Based on the most recent quarterly data, the company's cash position has dwindled to a nominal $769, which, when compared to a current ratio of 0.00, suggests an extreme inability to meet short-term obligations or sustain basic operational requirements.
The near-total depletion of cash reserves implies that the company is likely facing an immediate solvency crisis that may necessitate emergency financing or restructuring. Investors should monitor whether the firm can secure additional capital, as the current liquidity profile appears insufficient to support even minimal business continuity.
According to the latest balance sheet, the company maintains $2.9M in total debt, which, against a backdrop of a shrinking equity base, results in a debt-to-equity ratio of 0.56 that warrants significant caution regarding the firm's financial flexibility.
While the absolute debt level may appear modest, the company's inability to generate revenue makes even this level of leverage a potential burden on future cash flows. The reliance on debt in a pre-revenue state suggests that management may be attempting to bridge funding gaps through credit, which increases the risk of default if capital markets remain unreceptive.
As indicated by the company's financial statements, the complete absence of net PPE in 2024Q4, down from $2.0M in 2023Q4, suggests that the firm may have liquidated or impaired its core manufacturing assets, further complicating the assessment of its underlying business viability.
The disappearance of tangible assets from the balance sheet is a non-obvious risk that implies the company may no longer possess the physical infrastructure required to execute its stated manufacturing goals. This shift suggests that the firm's valuation may be disconnected from its actual operational capacity, leaving shareholders exposed to significant impairment risk.
Quick answers to the most common questions about buying SCAG stock.
As of 2024, Scage Future American Depositary Shares (SCAG) had total assets of $10.2M including $0.0M in current assets.
Scage Future American Depositary Shares (SCAG) carries total debt of $2.9M, 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.
Scage Future American Depositary Shares (SCAG) has total shareholders' equity (book value) of $5.1M ($0.70 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Scage Future American Depositary Shares (SCAG) reported a current ratio of 0.00x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.