Financial fragility is evident in the firm's capital structure, which features a 3.25 debt-to-equity ratio and a minimal cash balance of only $2,000.
| Total Current Assets | 2.35M | 22.41M | 16.12M | 11.28M |
| Cash & Short-Term Investments | 1.99K | 718.63K | 323.6K | 1.56M |
| Cash Only | 1.99K | 718.63K | 323.6K | 1.56M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.68M | 14.67M | 12.54M | 6.02M |
| Days Sales Outstanding | 187.63 | 116.37 | 93.71 | 49.32 |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 672.53K | 0 | 17.62K | 17.22K |
| Total Non-Current Assets | 495.61K | 6.09M | 4.39M | 5.4M |
| Property, Plant & Equipment | 108.83K | 2.28M | 1.29M | 2.36M |
| Fixed Asset Turnover | 30.00x | 20.21x | 37.87x | 18.88x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 329.41K | 1.32M | 1.31M | 1.34M |
| Other Non-Current Assets | 50.31K | 2.42M | 1.78M | 1.7M |
| Total Assets | 2.85M | 28.49M | 20.51M | 16.68M |
| Asset Turnover | 1.15x | 1.61x | 2.38x | 2.67x |
| Asset Growth % | 0% | 38.91% | 22.98% | - |
| Total Current Liabilities | 2.36M | 19.84M | 17.13M | 13.19M |
| Accounts Payable | 219.26K | 1.8M | 2.03M | 1.7M |
| Days Payables Outstanding | 26.13 | 15.23 | 16.15 | 14.34 |
| Short-Term Debt | 1.5M | 12.04M | 10.93M | 5.36M |
| Deferred Revenue (Current) | 268K | 2.32M | 1.14M | 923.47K |
| Other Current Liabilities | 333.28K | 65.56K | 44.42K | 24.16K |
| Current Ratio | 1.00x | 1.13x | 0.94x | 0.86x |
| Quick Ratio | 1.00x | 1.13x | 0.94x | 0.86x |
| Cash Conversion Cycle | 161.5 | - | - | - |
| Total Non-Current Liabilities | 28.49K | 61.06K | 337.29K | 842.69K |
| Long-Term Debt | 0 | 0 | 7.21K | 0 |
| Capital Lease Obligations | 9.44K | 26.7K | 197.72K | 620.77K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 102.33K |
| Other Non-Current Liabilities | 19.05K | 34.36K | 139.57K | 119.58K |
| Total Liabilities | 2.39M | 19.9M | 17.47M | 14.03M |
| Total Debt | 1.51M | 12.24M | 11.55M | 6.59M |
| Net Debt | 1.5M | 11.52M | 11.23M | 5.03M |
| Debt / Equity | 3.25x | 1.42x | 3.80x | 2.49x |
| Debt / EBITDA | 7.92x | 5.19x | 4.16x | 3.43x |
| Net Debt / EBITDA | 7.91x | 4.89x | 4.04x | 2.61x |
| Interest Coverage | 2.37x | 1.74x | 2.26x | 2.42x |
| Total Equity | 462.91K | 8.59M | 3.04M | 2.65M |
| Equity Growth % | 0% | 182.47% | 14.69% | - |
| Book Value per Share | 0.02 | 4.31 | 0.10 | 0.09 |
| Total Shareholders' Equity | 462.91K | 8.59M | 3.04M | 2.65M |
| Common Stock | 37 | 302 | 285 | 285 |
| Retained Earnings | 337.85K | 2.82M | 2.09M | 1.71M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.76K | 5.34K | -1.31K | -2.47K |
| Minority Interest | 0 | 0 | 0 | 0 |
Critical liquidity and leverage
As reported in the 2025Q2 financial statements, SKBL maintains a debt-to-equity ratio of 3.25, which suggests that the firm is heavily reliant on external financing to sustain its operations despite holding only $1.5 million in total debt relative to its limited equity base.
The elevated leverage ratio indicates that the company's capital structure is highly sensitive to interest rate fluctuations and credit availability. Given the thin margins inherent in the civil engineering sector, this reliance on debt appears to be a necessity for funding project-related performance bonds rather than a strategic choice.
Based on the latest quarterly data, the company reports a current ratio of 1.00 and a cash balance of only $2,000, which indicates an extremely limited buffer against operational shocks or delays in government progress payments for ongoing infrastructure projects.
This liquidity profile suggests that the firm lacks the financial resilience to absorb even minor disruptions in its cash conversion cycle. Investors should monitor the company's ability to maintain its current ratio, as any further deterioration could jeopardize its capacity to meet short-term obligations.
According to the 2025Q2 balance sheet, SKBL holds total assets of $2.8 million, with net property, plant, and equipment accounting for only $108,800, which implies an asset-light model that may struggle to scale without significant capital investment in specialized machinery.
The minimal investment in PPE suggests that the company may be outsourcing critical technical tasks or relying on aging equipment, which could limit its competitive edge in bidding for more complex municipal projects. The lack of significant tangible assets warrants further investigation into the firm's long-term operational capacity.
As indicated by the reported figures, the company's equity stands at $462,900, a figure that appears insufficient to support the firm's $2.4 million in total liabilities, suggesting a high degree of financial fragility for a firm operating in the volatile construction industry.
The reliance on retained earnings of $337,900 to bolster the equity base highlights the difficulty the firm faces in generating meaningful internal capital growth. This thin equity cushion may leave the company vulnerable to insolvency should project-related losses or cost overruns occur.
Quick answers to the most common questions about buying SKBL stock.
As of 2025, Skyline Builders Group Holding Limited (SKBL) had total assets of $28.5M including $22.4M in current assets.
Skyline Builders Group Holding Limited (SKBL) carries total debt of $12.2M, offset by $0.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Skyline Builders Group Holding Limited (SKBL) has total shareholders' equity (book value) of $8.6M ($4.31 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Skyline Builders Group Holding Limited (SKBL) reported a current ratio of 1.13x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.