The company's financial foundation appears highly unstable, characterized by a negative equity position of $8.2 million and total liabilities that ballooned to $24.9 million by 2021Q3.
| Total Current Assets | 13.19M | 5.58K | 20.78K | 15.97K |
| Cash & Short-Term Investments | 1.75M | 929 | 20.78K | 15.97K |
| Cash Only | 1.75M | 929 | 20.78K | 15.97K |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 846.53K | 762 | 0 | 0 |
| Days Sales Outstanding | 20.92 | 0.03 | - | - |
| Inventory | 8.58M | 3.69K | 0 | 0 |
| Days Inventory Outstanding | 176.26 | 0.18 | - | - |
| Other Current Assets | 2.02M | 200 | 0 | 0 |
| Total Non-Current Assets | 3.53M | 113 | 5.73K | 3.4K |
| Property, Plant & Equipment | 0 | 0 | 1.75K | 2.75K |
| Fixed Asset Turnover | - | - | 7.57x | 5.35x |
| Goodwill | 1.24M | 0 | 0 | 0 |
| Intangible Assets | 2.29M | 113 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 3.98K | 645 |
| Total Assets | 16.73M | 5.7K | 26.51K | 19.36K |
| Asset Turnover | 1.62x | 1896.30x | 0.50x | 0.76x |
| Asset Growth % | 880.13% | -78.51% | 36.9% | - |
| Total Current Liabilities | 24.91M | 24.14K | 0 | 0 |
| Accounts Payable | 0 | -1 | 0 | 0 |
| Days Payables Outstanding | 20.65 | - | - | - |
| Short-Term Debt | 2.63M | 6.14K | 0 | 0 |
| Deferred Revenue (Current) | 1.52M | 100 | 0 | 0 |
| Other Current Liabilities | 22.21M | 17.89K | 0 | 0 |
| Current Ratio | 0.53x | 0.23x | - | - |
| Quick Ratio | 0.19x | 0.08x | - | - |
| Cash Conversion Cycle | 176.53 | - | - | - |
| Total Non-Current Liabilities | 2.7M | 10 | 1.11K | 1.11K |
| Long-Term Debt | 0 | 0 | 1.11K | 1.11K |
| Capital Lease Obligations | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.7M | 10 | 0 | 0 |
| Total Liabilities | 24.91M | 24.15K | 3.21K | 6.99K |
| Total Debt | 2.63M | 6.14K | 1.11K | 1.11K |
| Net Debt | 880.12K | 5.21K | -19.67K | -14.86K |
| Debt / Equity | -0.32x | - | 0.05x | 0.09x |
| Debt / EBITDA | -0.06x | - | - | 0.28x |
| Net Debt / EBITDA | -0.02x | - | - | -3.68x |
| Interest Coverage | 105.07x | - | - | - |
| Total Equity | -8.18M | -18.45K | 23.3K | 12.38K |
| Equity Growth % | -107.42% | -179.19% | 88.22% | - |
| Book Value per Share | -0.31 | -0.00 | 0.00 | 0.00 |
| Total Shareholders' Equity | -8.18M | -18.45K | 23.3K | 12.38K |
| Common Stock | 41.87K | 28 | 6.16K | 5.22K |
| Retained Earnings | -71.08M | 0 | -4.8K | 2.98K |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | -12.35K | -20 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
Imminent liquidity insolvency risk
Based on historical financial statements, SLGB's balance sheet has shifted from a small-scale entity to a highly leveraged structure, with total liabilities ballooning to $24.9 million by 2021Q3, far outpacing the company's ability to generate positive equity or maintain a stable financial foundation.
The rapid expansion in total assets appears to be funded entirely through debt and equity dilution rather than retained earnings, which remain deeply negative. This trajectory suggests that the company is prioritizing aggressive top-line growth at the expense of long-term balance sheet health, leaving it increasingly exposed to credit market volatility.
As reported in recent SEC filings, SLGB's liquidity position is precarious, with cash and equivalents falling to a nominal $929 in 2021Q1, a figure that provides virtually no buffer against the operational demands of a heavy industrial logistics business model.
The current ratio, which has consistently hovered well below 1.0, indicates that the company lacks the liquid assets necessary to cover its short-term obligations. Investors should monitor this closely, as the inability to maintain a sufficient cash runway may necessitate emergency financing or further dilutive capital raises.
According to the company's reported figures, SLGB has sustained a negative equity position for several consecutive quarters, reaching -$8.2 million in 2021Q3, which underscores the persistent erosion of shareholder value driven by deep and recurring net losses.
The consistent accumulation of negative retained earnings suggests that the core business model is not yet self-funding. This persistent deficit in equity quality may limit the company's ability to secure favorable debt terms and highlights the reliance on external capital to sustain ongoing operations.
Data from financial disclosures reveals that SLGB's asset base is heavily distorted by goodwill and intangible items, which accounted for $1.2 million of the $16.7 million in total assets as of 2021Q3, potentially overstating the tangible value available to creditors.
The lack of significant net PPE despite the company's trucking operations warrants further investigation into whether the firm utilizes an asset-light model or if its equipment is held off-balance-sheet. This composition suggests that the company's asset quality is lower than headline figures imply, increasing the risk of impairment if industrial demand softens.
Quick answers to the most common questions about buying SLGB stock.
As of 2021, Smart Logistics Global Limited Ordinary Shares (SLGB) had total assets of $0.0M including $0.0M in current assets.
Smart Logistics Global Limited Ordinary Shares (SLGB) carries total debt of $0.0M, 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.
Smart Logistics Global Limited Ordinary Shares (SLGB) has total shareholders' equity (book value) of $-0.0M ($-0.00 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Smart Logistics Global Limited Ordinary Shares (SLGB) reported a current ratio of 0.23x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.