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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
Private higher-education institution in Tbilisi offering programs in law, business, medicine and humanities.
Group parent — controls 1 company · ownership
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 99.9% | 99.8% | 100.0% | 51.7% | 53.3% | 64.1% | 44.1% | 100.0% |
| EBITDA Margin | 57.2% | -10.4% | -4.4% | 39.9% | 35.5% | 40.2% | 11.6% | 7.1% |
| EBITDAR | 3,125 | -263 | -118 | 2,733 | 4,035 | 5,331 | 1,598 | 2,760 |
| EBITDAR Margin | 60.6% | -5.7% | -1.6% | 43.0% | 36.6% | 40.9% | 12.5% | 7.9% |
| EBIT Margin | 51.1% | -19.1% | -9.9% | 39.2% | 35.1% | 39.5% | 11.1% | 1.6% |
| Net Profit Margin | 7.3% | -19.5% | -4.7% | 12.5% | 28.5% | 37.4% | 16.3% | -6.8% |
| Operating Expense % of Sales | 42.7% | 110.2% | 104.4% | 11.8% | 18.6% | 24.4% | 32.5% | 92.9% |
| Returns | ||||||||
| Return on Assets (ROA) | 3.4% | -8.3% | -4.4% | 8.1% | 19.9% | 18.8% | 6.4% | -3.5% |
| Return on Equity (ROE) | 33.9% | -443.7% | N/A | 123.5% | 83.1% | 56.3% | 19.4% | -21.2% |
| ROIC [EBIT / Invested Capital] | 252.9% | -9.8% | -12.3% | 34.9% | 35.8% | 25.6% | 5.7% | 1.1% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 0.0% | 81.9% | 78.8% | 80.5% | 65.8% | 58.8% | 58.8% | 59.7% |
| Debt-to-Equity | 0.00x | 43.95x | -41.81x | 12.31x | 2.75x | 1.77x | 1.79x | 3.60x |
| Debt-to-EBITDA | 0.00x | N/A | N/A | 3.11x | 2.65x | 2.92x | 12.99x | 16.19x |
| Equity-to-Assets | 10.1% | 1.9% | -1.9% | 6.5% | 23.9% | 33.3% | 32.9% | 16.6% |
| Net Debt | -63 | 8,832 | 6,233 | 6,499 | 7,033 | 11,431 | 13,915 | 36,475 |
| Cash & Equivalents | 63 | 103 | 70 | 1,393 | 3,365 | 3,860 | 5,261 | 3,863 |
| Total Debt | N/A | 8,935 | 6,303 | 7,892 | 10,397 | 15,291 | 19,176 | 40,338 |
| Liquidity & working capital | ||||||||
| Current Ratio | 0.53x | 0.20x | 0.30x | 1.30x | 2.90x | 1.69x | 3.59x | 0.73x |
| Quick Ratio | 0.22x | 0.05x | 0.17x | 1.17x | 2.75x | 1.57x | 3.42x | 0.65x |
| Cash Ratio | 0.08x | 0.06x | 0.04x | 0.67x | 2.00x | 1.14x | 1.95x | 0.20x |
| Total Current Assets | 414 | 355 | 560 | 2,710 | 4,886 | 5,701 | 9,660 | 13,783 |
| Total Current Liabilities | 784 | 1,775 | 1,849 | 2,090 | 1,684 | 3,380 | 2,693 | 18,951 |
| Inventory | 243 | 266 | 253 | 261 | 250 | 381 | 440 | 1,443 |
| Trade Receivables | 108 | 144 | 201 | 751 | 1,245 | 1,434 | 3,759 | 7,959 |
| Trade Payables | 784 | 1,775 | 1,849 | 1,228 | 1,539 | 2,010 | 2,036 | 14,946 |
| Net Working Capital | -370 | -1,420 | -1,289 | 621 | 3,202 | 2,321 | 6,967 | -5,168 |
| Net Working Capital % of Revenue | -7.2% | -30.7% | -17.0% | 9.8% | 29.0% | 17.8% | 54.6% | -14.8% |
| Trade Working Capital | -433 | -1,364 | -1,395 | -216 | -43 | -195 | 2,163 | -5,543 |
| Trade Working Capital % of Revenue | -8.4% | -29.5% | -18.4% | -3.4% | -0.4% | -1.5% | 17.0% | -15.9% |
| Change in Trade Working Capital | N/A | -931 | -31 | 1,179 | 173 | -152 | 2,359 | -7,706 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 0.02x | 0.03x | 0.01x | 11.78x | 20.57x | 12.25x | 16.20x | N/A |
| Days Inventory Outstanding (DIO) | 14809.9 | 13867.4 | 24839.4 | 31.0 | 17.7 | 29.8 | 22.5 | N/A |
| Receivables Turnover | 47.65x | 32.12x | 37.89x | 8.47x | 8.86x | 9.09x | 3.39x | 4.39x |
| Days Sales Outstanding (DSO) | 7.7 | 11.4 | 9.6 | 43.1 | 41.2 | 40.2 | 107.6 | 83.1 |
| Payables Turnover | 0.01x | 0.00x | 0.00x | 2.50x | 3.35x | 2.32x | 3.50x | N/A |
| Days Payable Outstanding (DPO) | 47776.9 | 92385.0 | 181327.8 | 145.9 | 109.1 | 157.1 | 104.2 | N/A |
| Cash Conversion Cycle | -32959.4 days | -78506.2 days | -156478.8 days | -71.8 days | -50.1 days | -87.1 days | 25.9 days | 83.1 days |
| Asset Turnover | 0.47x | 0.42x | 0.95x | 0.65x | 0.70x | 0.50x | 0.39x | 0.52x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 7,223 | 5,896 | 8,171 | 1,710 | 3,639 | -2,619 | -363 | -1,378 |
| Free Cash Flow (OCF − Capex proxy) | 7,223 | 5,896 | -33 | 1,613 | -574 | -5,064 | -2,211 | -3,272 |
| Cash Conversion (OCF / EBITDA) | 245.2% | N/A | N/A | 67.5% | 92.9% | -50.0% | -24.6% | -55.3% |
| Dividends Declared | 56 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 14.9% | N/A | N/A | 0.0% | 0.0% | 0.0% | 0.0% | N/A |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in GEL, thousands. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.
Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.
Ownership & directors from companyinfo.ge (public corporate registry).
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