Georgian Leasing Company (შპს საქართველოს სალიზინგო კომპანია)

panel 2026-09-21Ask

as filed · GEL, thousands

financial ratiosXLSX

Ratio	2017	2018	2019	2020	2021	2022	2023
Margins
Gross Margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
EBITDA Margin	37.9%	20.5%	20.0%	8.1%	-2.6%	-21.2%	-81.1%
EBITDAR	2,251	2,326	3,496	1,640	-333	-1,862	-3,932
EBITDAR Margin	37.9%	20.5%	20.0%	8.1%	-2.6%	-21.2%	-81.1%
EBIT Margin	36.4%	19.0%	16.1%	-12.0%	-79.4%	-82.0%	-91.4%
Net Profit Margin	31.3%	20.5%	22.1%	-19.7%	-1.4%	-13.1%	-54.7%
Operating Expense % of Sales	62.1%	79.5%	80.0%	91.9%	102.6%	121.2%	181.1%
Returns
Return on Assets (ROA)	2.8%	2.0%	2.0%	-2.3%	-0.1%	-1.3%	-13.2%
Return on Equity (ROE)	10.5%	11.3%	15.8%	-19.5%	-0.9%	-6.0%	-16.0%
ROIC [EBIT / Invested Capital]	3.4%	2.0%	1.7%	-1.7%	-10.7%	-14.6%	-24.8%
Leverage & debt balances
Debt-to-Assets	70.0%	79.0%	84.1%	83.7%	83.8%	72.9%	9.1%
Debt-to-Equity	2.62x	4.47x	6.51x	7.20x	6.52x	3.33x	0.11x
Debt-to-EBITDA	20.58x	39.66x	45.61x	90.09x	N/A	N/A	N/A
Equity-to-Assets	26.7%	17.7%	12.9%	11.6%	12.8%	21.9%	82.4%
Net Debt	45,152	88,691	138,164	123,273	74,204	30,078	1,278
Cash & Equivalents	1,178	3,542	21,281	24,441	58,675	34,123	559
Total Debt	46,330	92,232	159,445	147,714	132,879	64,201	1,837
Liquidity & working capital
Current Ratio	2.87x	1.81x	0.96x	1.04x	1.46x	1.02x	1.24x
Quick Ratio	1.32x	1.51x	0.77x	0.68x	1.31x	0.98x	1.11x
Cash Ratio	0.19x	0.09x	0.19x	0.23x	0.69x	0.50x	0.04x
Total Current Assets	17,484	67,964	106,198	109,787	124,081	69,856	18,467
Total Current Liabilities	6,094	37,607	110,135	105,965	84,757	68,823	14,912
Inventory	9,446	11,115	21,468	37,926	12,683	2,105	1,981
Trade Receivables	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Trade Payables	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Working Capital	11,390	30,358	-3,937	3,822	39,324	1,033	3,556
Net Working Capital % of Revenue	192.0%	267.4%	-22.5%	18.9%	309.3%	11.7%	73.4%
Trade Working Capital	9,446	11,115	21,468	37,926	12,683	2,105	1,981
Trade Working Capital % of Revenue	159.3%	97.9%	122.5%	187.2%	99.7%	23.9%	40.9%
Change in Trade Working Capital	N/A	1,669	10,353	16,458	-25,243	-10,578	-124
Turnover & efficiency
Inventory Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Receivables Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Days Sales Outstanding (DSO)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Payables Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash Conversion Cycle	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover	0.09x	0.10x	0.09x	0.11x	0.08x	0.10x	0.24x
Cash flow & dividends
Operating Cash Flow	-11,848	-37,436	-48,665	31,555	47,954	34,110	27,048
Free Cash Flow (OCF − Capex proxy)	-11,848	-38,050	-45,789	31,152	47,613	37,023	27,076
Cash Conversion (OCF / EBITDA)	-526.4%	-1609.6%	-1392.1%	1924.4%	N/A	N/A	N/A
Dividends Declared	0	0	0	0	0	0	0
Dividend Payout Ratio	0.0%	0.0%	0.0%	N/A	N/A	N/A	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.

Georgian Leasing Company

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