Loading…
* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Education — Higher Education. Per the activity note to the FY2024 annual report, the company implements higher education programs at all levels and conducts scientific research.
Subsidiary of European University (100.0%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 100.0% | -37.6% | -41.1% | -14.3% | 29.0% | 35.6% | 51.1% |
| EBITDA Margin | -19.8% | -143.3% | -163.5% | -183.0% | -172.5% | -125.8% | -33.0% |
| EBITDAR | -180 | -884 | -1,089 | -1,177 | -1,225 | -1,267 | -729 |
| EBITDAR Margin | -19.8% | -143.3% | -163.5% | -183.0% | -172.5% | -125.8% | -33.0% |
| EBIT Margin | -32.3% | -143.3% | -163.5% | -183.0% | -172.5% | -125.8% | -33.0% |
| Net Profit Margin | -26.1% | -147.0% | -173.3% | -177.4% | -177.5% | -120.9% | -37.2% |
| Operating Expense % of Sales | 119.8% | 105.7% | 122.4% | 168.7% | 201.5% | 161.4% | 84.1% |
| Returns | |||||||
| Return on Assets (ROA) | -4.6% | -14.7% | -18.7% | -19.8% | -19.2% | -19.1% | -12.2% |
| Return on Equity (ROE) | -4.8% | -16.3% | -20.3% | -20.5% | -21.4% | -25.1% | -20.2% |
| ROIC [EBIT / Invested Capital] | -6.0% | -15.8% | -18.3% | -21.2% | -20.2% | -22.7% | -13.6% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 1.0% | 4.6% | 4.1% | 0.0% | 4.2% | 13.2% | 26.0% |
| Debt-to-Equity | 0.01x | 0.05x | 0.04x | 0.00x | 0.05x | 0.17x | 0.43x |
| Debt-to-EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity-to-Assets | 95.2% | 90.7% | 92.1% | 96.3% | 89.6% | 76.2% | 60.4% |
| Net Debt | -56 | 28 | 247 | -14 | 166 | 746 | 1,273 |
| Cash & Equivalents | 106 | 253 | 7 | 14 | 113 | 95 | 483 |
| Total Debt | 50 | 281 | 254 | N/A | 279 | 841 | 1,756 |
| Liquidity & working capital | |||||||
| Current Ratio | 5.29x | 7.46x | 3.63x | 0.74x | 0.50x | 0.21x | 0.23x |
| Quick Ratio | 5.29x | 7.35x | 3.59x | 0.74x | 0.50x | 0.21x | 0.23x |
| Cash Ratio | 1.77x | 1.51x | 0.03x | 0.07x | 0.17x | 0.06x | 0.18x |
| Total Current Assets | 318 | 1,253 | 1,005 | 156 | 341 | 318 | 605 |
| Total Current Liabilities | 60 | 168 | 277 | 211 | 681 | 1,514 | 2,669 |
| Inventory | N/A | 19 | 10 | N/A | N/A | N/A | N/A |
| Trade Receivables | 204 | 900 | 967 | 131 | 127 | 184 | 82 |
| Trade Payables | 11 | 8 | 15 | 14 | 14 | 108 | 192 |
| Net Working Capital | 258 | 1,085 | 728 | -55 | -340 | -1,196 | -2,064 |
| Net Working Capital % of Revenue | 28.3% | 175.9% | 109.3% | -8.6% | -47.9% | -118.8% | -93.5% |
| Trade Working Capital | 192 | 911 | 962 | 117 | 113 | 76 | -110 |
| Trade Working Capital % of Revenue | 21.1% | 147.6% | 144.4% | 18.2% | 15.9% | 7.5% | -5.0% |
| Change in Trade Working Capital | N/A | 719 | 51 | -845 | -4 | -37 | -186 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | 44.68x | 94.00x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 8.2 | 3.9 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 4.47x | 0.69x | 0.69x | 4.91x | 5.59x | 5.47x | 26.93x |
| Days Sales Outstanding (DSO) | 81.6 | 532.4 | 530.0 | 74.4 | 65.3 | 66.7 | 13.6 |
| Payables Turnover | 0.02x | 106.12x | 62.67x | 52.50x | 36.00x | 6.01x | 5.62x |
| Days Payable Outstanding (DPO) | 15033.8 | 3.4 | 5.8 | 7.0 | 10.1 | 60.7 | 64.9 |
| Cash Conversion Cycle | -14952.1 days | 537.1 days | 528.0 days | 67.4 days | 55.1 days | 6.0 days | -51.4 days |
| Asset Turnover | 0.18x | 0.10x | 0.11x | 0.11x | 0.11x | 0.16x | 0.33x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | -211 | -684 | -881 | -1,286 | -1,310 | -654 | -39 |
| Free Cash Flow (OCF − Capex proxy) | -215 | -836 | -1,188 | -1,627 | -1,694 | -766 | -369 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | N/A | N/A | N/A | 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.
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).
Ranked by how close each latest revenue is to this one — not a curated comp set. Open this set in Compare →