Sound Group maintains a stable financial foundation with a low debt-to-equity ratio of 0.09%, providing a buffer against current operational volatility.
| Metric | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 |
|---|
| Total Current Assets | 489.35M | 533.09M | 723.49M | 577.51M | 419.91M | 104.46M | 218.01M | 231.06M |
| Cash & Short-Term Investments | 441.86M | 494.96M | 679.54M | 533.29M | 388.48M | 82.71M | 205.6M | 206.51M |
| Cash Only | 441.86M | 494.96M | 568.19M | 533.29M | 315.46M | 82.71M | 205.6M | 206.51M |
| Short-Term Investments | 0 | 0 | 111.35M | 0 | 73.02M | 0 | 0 | 0 |
| Accounts Receivable | 11.25M | 12.88M | 8.24M | 15.06M | 11.15M | 6.42M | 6.92M | 14.59M |
| Days Sales Outstanding | 2.02 | 2.27 | 1.38 | 2.59 | 2.71 | 1.99 | 3.16 | 11.74 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 15.93M | 7.48M | 13.91M | 8.47M | 7.42M | 2.33M | 1.49M | 1.44M |
| Total Non-Current Assets | 32.09M | 33.49M | 52.84M | 65.38M | 43.91M | 36.22M | 18.65M | 11.49M |
| Property, Plant & Equipment | 29.18M | 31.28M | 51.66M | 62.33M | 38.8M | 32.39M | 17.2M | 8.87M |
| Fixed Asset Turnover | 69.62x | 66.24x | 42.30x | 34.00x | 38.73x | 36.45x | 46.44x | 51.16x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.18M | 1.39M | 1.18M | 2.25M | 2.93M | 1.7M | 1.45M | 2.13M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500K |
| Other Non-Current Assets | 1.73M | 818K | 0 | 799K | 2.18M | 2.13M | 0 | 0 |
| Total Assets | 521.44M | 566.57M | 776.34M | 642.89M | 463.82M | 140.68M | 236.66M | 242.55M |
| Asset Turnover | 3.90x | 3.66x | 2.81x | 3.30x | 3.24x | 8.39x | 3.37x | 1.87x |
| Asset Growth % | -7.97% | -27.02% | 20.76% | 38.61% | 229.69% | -40.55% | -2.43% | - |
| Total Current Liabilities | 302.71M | 272.63M | 371.53M | 366.5M | 288.63M | 192.12M | 155.81M | 155.01M |
| Accounts Payable | 39.38M | 43.18M | 53.83M | 80.79M | 78.27M | 72.3M | 76.72M | 52.45M |
| Days Payables Outstanding | 9.74 | 10.6 | 13.38 | 19.63 | 25.18 | 28.99 | 49.5 | 57.87 |
| Short-Term Debt | 7.19M | 0 | 73.77M | 69M | 39.51M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 30.96M | 29.25M | 35.68M | 20.66M | 17M | 14.53M | 10.67M | 5.88M |
| Other Current Liabilities | 13.47M | 6.29M | 7.11M | 9.61M | 4.71M | 3.66M | 58K | 147K |
| Current Ratio | 1.62x | 1.96x | 1.95x | 1.58x | 1.45x | 0.54x | 1.40x | 1.49x |
| Quick Ratio | 1.62x | 1.96x | 1.95x | 1.58x | 1.45x | 0.54x | 1.40x | 1.49x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 4.42M | 3.94M | 12.15M | 21.53M | 6M | 1.95B | 1.01B | 790.62M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 4.42M | 3.94M | 8.2M | 17.08M | 587K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 3.95M | 4.45M | 5.41M | 1.95B | 1.01B | 790.62M |
| Total Liabilities | 307.13M | 276.56M | 383.67M | 388.03M | 294.63M | 2.14B | 1.16B | 945.63M |
| Total Debt | 19.85M | 14.29M | 100.33M | 100M | 43.8M | 0 | 0 | 0 |
| Net Debt | -422.01M | -480.68M | -467.86M | -433.29M | -271.65M | -82.71M | -205.6M | -206.51M |
| Debt / Equity | 0.09x | 0.05x | 0.26x | 0.39x | 0.26x | - | - | - |
| Debt / EBITDA | - | - | 1.00x | - | - | - | - | - |
| Net Debt / EBITDA | - | - | -4.66x | - | - | - | -147.92x | - |
| Interest Coverage | -215.63x | -94.48x | 26.94x | -47.70x | -49.38x | - | - | -73.65x |
| Total Equity | 214.31M | 290.01M | 392.66M | 254.85M | 169.19M | -2B | -925.96M | -703.08M |
| Equity Growth % | -26.11% | -26.14% | 54.07% | 50.63% | 108.47% | -115.82% | -31.7% | - |
| Book Value per Share | 41.74 | 53.76 | 75.61 | 51.39 | 38.31 | -437.01 | -223.39 | -169.62 |
| Total Shareholders' Equity | 235.29M | 299.48M | 392.68M | 254.85M | 169.19M | -2B | -925.96M | -703.08M |
| Common Stock | 725K | 725K | 711K | 698K | 640K | 189K | 171K | 171K |
| Retained Earnings | -2.49B | -2.41B | -2.28B | -2.37B | -2.24B | -2B | -929.89M | -704.36M |
| Treasury Stock | -10.18M | -958K | -10K | -11K | -12K | -18K | 0 | 0 |
| Accumulated OCI | 32.41M | 19.57M | 15.09M | -9.76M | -1.91M | 4.43M | 3.76M | 1.11M |
| Minority Interest | -20.98M | -9.46M | -13K | 0 | 0 | 0 | 0 | 0 |
Revenue saturation and competition
According to recent financial disclosures, Sound Group Inc. maintains a substantial cash position of $441.8 million, which serves as a critical buffer against the company's current negative operating margins and provides necessary flexibility as the firm navigates a period of revenue contraction and strategic business pivoting.
The significant cash balance suggests that the company is well-positioned to fund ongoing R&D and marketing efforts despite the lack of immediate profitability. Investors should monitor whether this liquidity is utilized to stabilize the core platform or if it is being depleted to support unsuccessful international expansion initiatives.
As reported in company filings, Sound Group Inc. operates with a low debt-to-equity ratio of 0.09%, indicating that the firm relies almost exclusively on equity financing and internal cash reserves rather than external debt to fund its operations and strategic corporate restructuring efforts in Singapore.
This conservative capital structure implies that the company faces negligible interest rate risk and is not burdened by mandatory debt service obligations. Such a profile is advantageous in the current environment, as it allows management to focus on operational turnaround without the pressure of imminent refinancing requirements.
Based on the provided financial snapshot, Sound Group Inc. maintains a healthy balance sheet characterized by high liquidity and minimal debt, even as the company's core revenue growth has turned negative at -1.93% year-over-year, signaling a disconnect between financial health and operational performance.
The stability of the balance sheet appears to be a function of historical capital accumulation rather than current operational success. The trajectory suggests that while the firm is not at immediate risk of insolvency, the lack of growth necessitates a more efficient deployment of existing assets to reverse the current negative profitability trend.
While the $441.8 million cash position reported in recent filings suggests a fortress-like liquidity profile, this figure may be misleading if the company's ongoing negative net margin of -3.42% continues to erode capital without a clear path to achieving sustainable, profitable growth in the near term.
The reliance on cash reserves to offset operating losses warrants further investigation into the company's burn rate and the potential for future dilution. If the firm cannot improve its paying user ratio, the current balance sheet strength may prove to be a temporary cushion rather than a long-term strategic advantage.
Quick answers to the most common questions about buying SOGP stock.
As of 2024, Sound Group Inc. (SOGP) had total assets of $521.4M including $489.4M in current assets.
Sound Group Inc. (SOGP) carries total debt of $19.9M, offset by $441.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Sound Group Inc. (SOGP) has total shareholders' equity (book value) of $235.3M ($41.74 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Sound Group Inc. (SOGP) reported a current ratio of 1.62x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.