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Operates in Hospitality — Accommodation. Per the activity note to the FY2024 annual report, the company operates hotels and accommodation facilities with restaurants. Founded on 14 March 2017; based in Tbilisi, Didube-Chugureti district.
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross Margin | 85.8% | 82.5% | 77.3% | 67.4% | 83.3% |
| EBITDA Margin | 32.4% | -169.1% | -25.3% | 10.1% | 38.4% |
| EBITDAR | 417 | -1,139 | -480 | 188 | 908 |
| EBITDAR Margin | 32.4% | -169.1% | -25.3% | 10.1% | 38.4% |
| EBIT Margin | 3.5% | -216.6% | -40.5% | -3.6% | 28.4% |
| Net Profit Margin | 33.0% | -124.5% | -2.6% | -11.3% | 8.9% |
| Operating Expense % of Sales | 53.3% | 251.6% | 102.6% | 57.3% | 44.9% |
| Returns | |||||
| Return on Assets (ROA) | 8.8% | -19.2% | -1.1% | -5.4% | 5.8% |
| Return on Equity (ROE) | N/A | N/A | N/A | N/A | N/A |
| ROIC [EBIT / Invested Capital] | 1.0% | -35.7% | -19.8% | -1.8% | 19.4% |
| Leverage & debt balances | |||||
| Debt-to-Assets | 104.0% | 123.2% | 122.7% | 135.2% | 132.0% |
| Debt-to-Equity | -18.97x | -4.53x | -4.24x | -3.65x | -3.86x |
| Debt-to-EBITDA | 11.98x | N/A | N/A | 28.16x | 5.28x |
| Equity-to-Assets | -5.5% | -27.2% | -29.0% | -37.0% | -34.2% |
| Net Debt | 4,820 | 5,280 | 5,117 | 5,216 | 4,684 |
| Cash & Equivalents | 180 | 112 | 136 | 83 | 107 |
| Total Debt | 5,000 | 5,392 | 5,253 | 5,300 | 4,791 |
| Liquidity & working capital | |||||
| Current Ratio | 3.93x | 2.34x | 0.00x | 0.00x | 0.00x |
| Quick Ratio | 3.78x | 2.34x | 0.00x | 0.00x | 0.00x |
| Cash Ratio | 2.47x | 1.40x | 0.50x | 1.18x | 1.37x |
| Total Current Assets | 285 | 187 | 0 | 0 | 0 |
| Total Current Liabilities | 73 | 80 | 269 | 71 | 78 |
| Inventory | 11 | N/A | N/A | N/A | N/A |
| Trade Receivables | 13 | 13 | 156 | 150 | 205 |
| Trade Payables | 73 | 80 | 67 | 71 | 78 |
| Net Working Capital | 213 | 107 | -269 | -71 | -78 |
| Net Working Capital % of Revenue | 16.5% | 15.9% | -14.2% | -3.8% | -3.3% |
| Trade Working Capital | -49 | -67 | 89 | 79 | 127 |
| Trade Working Capital % of Revenue | -3.8% | -10.0% | 4.7% | 4.2% | 5.4% |
| Change in Trade Working Capital | N/A | -18 | 156 | -10 | 48 |
| Turnover & efficiency | |||||
| Inventory Turnover | 16.62x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | 22.0 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 98.57x | 51.74x | 12.14x | 12.45x | 11.53x |
| Days Sales Outstanding (DSO) | 3.7 | 7.1 | 30.1 | 29.3 | 31.7 |
| Payables Turnover | 2.52x | 1.47x | 6.39x | 8.60x | 5.05x |
| Days Payable Outstanding (DPO) | 144.8 | 247.9 | 57.1 | 42.4 | 72.3 |
| Cash Conversion Cycle | -119.2 days | -240.8 days | -27.1 days | -13.1 days | -40.6 days |
| Asset Turnover | 0.27x | 0.15x | 0.44x | 0.48x | 0.65x |
| Cash flow & dividends | |||||
| Operating Cash Flow | 206 | 664 | 2,094 | N/A | N/A |
| Free Cash Flow (OCF − Capex proxy) | 206 | 664 | 2,094 | N/A | N/A |
| Cash Conversion (OCF / EBITDA) | 49.3% | N/A | N/A | N/A | N/A |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | 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).
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