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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2021 0 · FY2022 1 · FY2023 0 — 3-yr total 1
Georgian state-affiliated coal mining company (Saknakhshiri), historically operating mines in Tkibuli.
Subsidiary of Steel International Trading Company (100.0%)
| Ratio | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 1.3% | 1.4% | -82.7% | -46.5% | -69.8% | -83.5% |
| EBITDA Margin | -25.6% | -29.6% | -121.6% | -41.7% | -31.8% | -102.2% |
| EBITDAR | -8,377 | -5,807 | -15,740 | -10,722 | -8,402 | -25,891 |
| EBITDAR Margin | -25.6% | -29.6% | -121.6% | -41.7% | -31.8% | -102.2% |
| EBIT Margin | -25.8% | -29.9% | -121.7% | -41.7% | -32.4% | -122.9% |
| Net Profit Margin | -50.1% | -106.7% | -205.5% | -33.5% | -17.9% | -123.0% |
| Operating Expense % of Sales | 26.9% | 31.0% | 44.8% | 34.0% | 23.5% | 18.8% |
| Returns | ||||||
| Return on Assets (ROA) | -10.9% | -16.7% | -219.0% | -64.3% | -31.0% | -183.7% |
| Return on Equity (ROE) | -20.0% | -34.3% | N/A | N/A | N/A | N/A |
| ROIC [EBIT / Invested Capital] | -6.2% | -4.9% | N/A | N/A | N/A | N/A |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 37.2% | 47.1% | 563.3% | 555.8% | 471.3% | 488.6% |
| Debt-to-Equity | 0.68x | 0.96x | -0.90x | -0.88x | -0.81x | -0.69x |
| Debt-to-EBITDA | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity-to-Assets | 54.7% | 48.8% | -622.9% | -628.1% | -583.3% | -708.2% |
| Net Debt | 54,425 | 58,929 | 68,359 | 74,476 | 71,831 | 82,844 |
| Cash & Equivalents | 1,408 | 1 | 20 | 64 | 59 | 26 |
| Total Debt | 55,833 | 58,930 | 68,379 | 74,540 | 71,889 | 82,871 |
| Liquidity & working capital | ||||||
| Current Ratio | 0.18x | 0.02x | 0.13x | 0.15x | 0.18x | 0.22x |
| Quick Ratio | 0.18x | 0.02x | 0.01x | 0.04x | 0.08x | 0.19x |
| Cash Ratio | 0.03x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Total Current Assets | 9,117 | 1,102 | 8,903 | 10,354 | 12,258 | 14,087 |
| Total Current Liabilities | 51,147 | 47,253 | 69,064 | 69,852 | 67,852 | 63,019 |
| Inventory | N/A | N/A | 8,276 | 7,681 | 6,980 | 1,872 |
| Trade Receivables | 6,221 | 503 | 56 | 1,516 | 4,292 | 10,837 |
| Trade Payables | 7,284 | 1,483 | 6,293 | 8,327 | 20,366 | 28,452 |
| Net Working Capital | -42,030 | -46,151 | -60,161 | -59,499 | -55,594 | -48,932 |
| Net Working Capital % of Revenue | -128.5% | -235.3% | -464.9% | -231.2% | -210.6% | -193.2% |
| Trade Working Capital | -1,063 | -980 | 2,039 | 870 | -9,094 | -15,742 |
| Trade Working Capital % of Revenue | -3.3% | -5.0% | 15.8% | 3.4% | -34.5% | -62.2% |
| Change in Trade Working Capital | N/A | 83 | N/A | -1,169 | -9,963 | -6,649 |
| Turnover & efficiency | ||||||
| Inventory Turnover | N/A | N/A | 2.86x | 4.91x | 6.42x | 24.83x |
| Days Inventory Outstanding (DIO) | N/A | N/A | 127.8 | 74.4 | 56.9 | 14.7 |
| Receivables Turnover | 5.26x | 39.00x | 231.07x | 16.98x | 6.15x | 2.34x |
| Days Sales Outstanding (DSO) | 69.4 | 9.4 | 1.6 | 21.5 | 59.4 | 156.2 |
| Payables Turnover | 4.43x | 13.04x | 3.76x | 4.53x | 2.20x | 1.63x |
| Days Payable Outstanding (DPO) | 82.4 | 28.0 | 97.1 | 80.6 | 165.9 | 223.4 |
| Cash Conversion Cycle | -12.9 days | -18.6 days | 32.2 days | 15.2 days | -49.7 days | -52.5 days |
| Asset Turnover | 0.22x | 0.16x | 1.07x | 1.92x | 1.73x | 1.49x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | -3,870 | -1,871 | -10,393 | -378 | -2,701 | -6,525 |
| Free Cash Flow (OCF − Capex proxy) | -3,870 | -1,871 | -10,975 | -1,863 | -3,114 | -6,855 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | 0 | 0 | 0 | 0 | 1 | 0 |
| Dividend Payout Ratio | 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.