The company's financial position remains vulnerable as retained earnings have eroded to a $937.7K deficit, despite maintaining a relatively low debt-to-equity ratio of 0.41.
| Total Current Assets | 30.42M | 16.01M | 16.99M | 4.4M |
| Cash & Short-Term Investments | 9.75M | 4.32M | 2.56M | 3.3M |
| Cash Only | 9.75M | 4.32M | 2.56M | 3.3M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 20.42M | 11.46M | 12.81M | 1.1M |
| Days Sales Outstanding | 28.24 | 26.95 | 66.04 | 12.98 |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 245.76K | 229.93K | 1.62M | 9.13K |
| Total Non-Current Assets | 292.75K | 949.33K | 736.39K | 919 |
| Property, Plant & Equipment | 283.5K | 462.69K | 592.92K | 0 |
| Fixed Asset Turnover | 930.84x | 335.42x | 119.38x | - |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.16K | 486.64K | 143.48K | 0 |
| Total Assets | 30.71M | 16.96M | 17.73M | 4.4M |
| Asset Turnover | 8.59x | 9.15x | 3.99x | 7.00x |
| Asset Growth % | 81.03% | -4.32% | 302.61% | - |
| Total Current Liabilities | 22.53M | 12.36M | 13.21M | 2.04M |
| Accounts Payable | 18.12M | 10.09M | 11.2M | 1.42M |
| Days Payables Outstanding | 25.51 | 24.23 | 59.65 | 18.28 |
| Short-Term Debt | 3.34M | 1.51M | 1.2M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 |
| Other Current Liabilities | -270.26K | 0 | 0 | 0 |
| Current Ratio | 1.35x | 1.30x | 1.29x | 2.16x |
| Quick Ratio | 1.35x | 1.30x | 1.29x | 2.16x |
| Cash Conversion Cycle | - | - | - | - |
| Total Non-Current Liabilities | 14.83K | 59.41K | 150.95K | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 4.92K | 41.01K | 127.83K | 0 |
| Deferred Tax Liabilities | 9.92K | 8.24K | 13.42K | 0 |
| Other Non-Current Liabilities | 0 | 10.15K | 9.7K | 0 |
| Total Liabilities | 22.54M | 12.42M | 13.36M | 2.04M |
| Total Debt | 3.34M | 1.66M | 1.41M | 0 |
| Net Debt | -6.41M | -2.67M | -1.16M | -3.3M |
| Debt / Equity | 0.41x | 0.36x | 0.32x | - |
| Debt / EBITDA | - | 5.73x | 0.99x | - |
| Net Debt / EBITDA | - | -9.23x | -0.81x | -1.40x |
| Interest Coverage | -32.33x | 57.18x | 732.62x | - |
| Total Equity | 8.17M | 4.54M | 4.37M | 2.36M |
| Equity Growth % | 79.7% | 3.93% | 85.2% | - |
| Book Value per Share | 0.25 | 0.15 | 0.14 | 0.08 |
| Total Shareholders' Equity | 8.17M | 4.54M | 4.37M | 2.36M |
| Common Stock | 2.52K | 3K | 3K | 3K |
| Retained Earnings | -937.75K | 544.72K | 373.12K | 2.26M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | -503 | 145 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
Working capital liquidity dependence
According to reported financial statements, UFG's total assets grew from $17.7M in 2023Q4 to $30.7M by 2025Q4, a trend that suggests aggressive balance sheet expansion, yet this growth has failed to bolster equity, which remains pressured by accumulated losses and thin operational margins in the bunkering sector.
The rapid increase in total assets appears to be driven by rising trade receivables rather than productive capital investment. This trajectory suggests that the company is scaling its transaction volume at the expense of balance sheet quality, leaving it increasingly exposed to counterparty credit risks.
Based on UFG's reported figures, the current ratio has fluctuated between 1.29 and 1.64 over the last ten quarters, indicating that while the company maintains a basic buffer, its liquidity remains highly sensitive to the timing of fuel receivables and the availability of external trade credit facilities.
The reliance on a narrow liquidity buffer is concerning given the company's negative net margins and high-volume, low-margin business model. Investors should monitor whether this liquidity profile can withstand a sudden contraction in trade credit or a delay in client payments, which would immediately strain the company's cash position.
As indicated by the company's financial data, retained earnings have shifted from a positive $373.1K in 2023Q4 to a deficit of $937.7K in 2025Q4, signaling that the firm's aggressive growth strategy is currently value-dilutive and failing to generate the internal capital necessary to support its operations.
The transition to negative retained earnings suggests that the company is consuming its equity base to fund its expansionary activities. This trend warrants further investigation into whether the current business model can achieve profitability before the equity base is further depleted by ongoing operational losses.
While UFG maintains a low debt-to-equity ratio of 0.41 as of 2025Q4, the lack of physical assets, with PPE net at only $283.5K, suggests that the company's true risk lies in its dependence on third-party logistics and the potential for off-balance-sheet trade finance obligations.
The asset-light nature of the business may be misleading, as it masks the operational dependency on external barge operators and credit providers. This structure implies that the company's survival is tied to its ability to maintain favorable credit terms, which could evaporate rapidly during periods of market volatility.
Quick answers to the most common questions about buying UFG stock.
As of 2025, Uni-Fuels Holdings Limited (UFG) had total assets of $30.7M including $30.4M in current assets.
Uni-Fuels Holdings Limited (UFG) carries total debt of $3.3M, offset by $9.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Uni-Fuels Holdings Limited (UFG) has total shareholders' equity (book value) of $8.2M ($0.25 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Uni-Fuels Holdings Limited (UFG) reported a current ratio of 1.35x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.