The balance sheet appears highly vulnerable, with a meager cash balance of $455,953 supporting $19M in annual revenue, indicating a critical liquidity mismatch.
| Metric | Mar'25 | Mar'24 | Mar'23 | Mar'22 | Mar'21 |
|---|
| Total Current Assets | 10.88M | 7.77M | 6.85M | 3.21M | 977K |
| Cash & Short-Term Investments | 455.95K | 489.44K | 240.22K | 111.06K | 70.19K |
| Cash Only | 455.95K | 489.44K | 240.22K | 111.06K | 70.19K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 7.27M | 5.34M | 5.85M | 2.83M | 906.81K |
| Days Sales Outstanding | 137.62 | 144.67 | 191.72 | 98.62 | 215.64 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 0 | 1.1M | 716.81K | 237.97K | 0 |
| Total Non-Current Assets | 4.83M | 5.6M | 4.81M | 3.67M | 1.39M |
| Property, Plant & Equipment | 4.36M | 5.17M | 4.77M | 3.67M | 1.39M |
| Fixed Asset Turnover | 4.42x | 2.61x | 2.33x | 2.86x | 1.11x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 464.07K | 432.63K | 39.18K | 0 | 0 |
| Total Assets | 15.7M | 13.37M | 11.66M | 6.88M | 2.36M |
| Asset Turnover | 1.23x | 1.01x | 0.96x | 1.52x | 0.65x |
| Asset Growth % | 17.46% | 14.65% | 69.55% | 191.1% | - |
| Total Current Liabilities | 4.1M | 5.52M | 5.27M | 3.35M | 1.52M |
| Accounts Payable | 774.59K | 2.33M | 2.87M | 1.61M | 729.99K |
| Days Payables Outstanding | 16.07 | 79.52 | 116.66 | 78.05 | 195.49 |
| Short-Term Debt | 110.77K | 94.44K | 35.83K | 0 | 0 |
| Deferred Revenue (Current) | 0 | 836.91K | 102.56K | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 19.89K | 0 |
| Current Ratio | 2.65x | 1.41x | 1.30x | 0.96x | 0.64x |
| Quick Ratio | 2.65x | 1.41x | 1.30x | 0.96x | 0.64x |
| Cash Conversion Cycle | - | - | - | - | - |
| Total Non-Current Liabilities | 2.86M | 3.56M | 3.19M | 1.5M | 808.08K |
| Long-Term Debt | 839.85K | 949.68K | 1.04M | 0 | 0 |
| Capital Lease Obligations | 1.75M | 2.2M | 1.81M | 1.24M | 801.38K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 267.77K | 411.17K | 342.59K | 255.58K | 6.7K |
| Total Liabilities | 6.96M | 9.08M | 8.46M | 4.85M | 2.32M |
| Total Debt | 4.03M | 4.54M | 4.24M | 2.34M | 1.29M |
| Net Debt | 3.57M | 4.05M | 4M | 2.23M | 1.22M |
| Debt / Equity | 0.46x | 1.06x | 1.33x | 1.15x | 34.34x |
| Debt / EBITDA | - | 1.57x | 1.99x | 0.82x | 21.59x |
| Net Debt / EBITDA | - | 1.40x | 1.88x | 0.78x | 20.42x |
| Interest Coverage | -31.93x | 6.80x | 5.19x | 19.54x | 3.65x |
| Total Equity | 8.74M | 4.29M | 3.2M | 2.03M | 37.65K |
| Equity Growth % | 103.77% | 34.12% | 57.47% | 5295.66% | - |
| Book Value per Share | 0.33 | 0.18 | 0.13 | 0.08 | 0.00 |
| Total Shareholders' Equity | 8.74M | 4.29M | 3.2M | 2.03M | 37.65K |
| Common Stock | 1.32K | 1.13K | 1.13K | 1.13K | 1.13K |
| Retained Earnings | -2.69M | 4.29M | 3.2M | 2.03M | 35.24K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity shortfall risk
As reported in recent financial statements, ZDAI's balance sheet trajectory appears increasingly precarious, with a cash position of only $455,953 failing to support the company's aggressive 43.16% revenue growth, signaling a fundamental disconnect between top-line expansion and the accumulation of tangible, liquid assets necessary for operational stability.
The company's trajectory suggests a business model that is scaling revenue at the expense of balance sheet health. Investors should monitor whether this rapid growth is merely a precursor to a liquidity crisis, as the lack of cash accumulation indicates that the firm is not retaining value from its project-based activities.
Based on reported figures, ZDAI maintains a cash balance of just $455,953 against $19M in annual revenue, which suggests a dangerously thin liquidity buffer that may be inadequate to cover the high variable costs inherent in its Hong Kong-based soil transportation and diesel trading operations.
This minimal cash position implies that the company has virtually no margin for error regarding project delays or sudden spikes in fuel costs. The current liquidity profile warrants significant concern, as it appears the firm lacks the necessary capital to sustain its current scale without external financing.
According to recent SEC filings, the company's equity base appears to be under pressure from persistent operating losses, which may indicate that retained earnings are being eroded faster than they can be replenished by the firm's low-margin construction and logistics service contracts.
The quality of equity is likely compromised by the absence of positive net income, suggesting that shareholders are effectively funding the company's operational burn. This trend implies that future growth may require dilutive equity issuance, further impacting the value proposition for existing investors.
As noted in financial disclosures, the significant gap between the company's $19M revenue and its meager $455,953 cash balance suggests that ZDAI may be facing severe working capital constraints, potentially masked by the aggressive recognition of revenue before actual cash collection from its construction clients.
This discrepancy between accounting revenue and cash availability is a major red flag that suggests the firm's balance sheet may be overstating its true financial strength. Analysts should investigate the company's days sales outstanding, as the current figures imply that the firm is essentially operating on a shoestring budget.
Quick answers to the most common questions about buying ZDAI stock.
As of 2025, DirectBooking Technology Co., Ltd. (ZDAI) had total assets of $15.7M including $10.9M in current assets.
DirectBooking Technology Co., Ltd. (ZDAI) carries total debt of $4.0M, offset by $0.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
DirectBooking Technology Co., Ltd. (ZDAI) has total shareholders' equity (book value) of $8.7M ($0.33 book value per share). Book value represents the net worth of the company belonging to common stock holders.
DirectBooking Technology Co., Ltd. (ZDAI) reported a current ratio of 2.65x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.