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Operates in Non-bank Credit (MFO/Leasing) — Leasing. Per the activity note to the FY2024 annual report, the company provides leasing services. Registered 8 September 2011.
Group parent — controls 1 company · ownership
| Ratio | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 93.3% | 91.4% | 87.2% | 70.1% | 90.0% | 59.9% |
| EBITDA Margin | 18.2% | 29.2% | 125.6% | 68.4% | 31.3% | 14.0% |
| EBITDAR | 914 | 1,400 | 3,378 | 2,268 | 978 | 1,803 |
| EBITDAR Margin | 27.5% | 38.4% | 131.8% | 73.3% | 35.2% | 29.7% |
| EBIT Margin | 17.7% | 28.1% | 124.7% | 67.8% | 30.8% | 13.3% |
| Net Profit Margin | 18.2% | 28.1% | 14.6% | 55.8% | 49.5% | 10.4% |
| Operating Expense % of Sales | 75.1% | 62.2% | 38.4% | 1.7% | 58.6% | 45.8% |
| Returns | ||||||
| Return on Assets (ROA) | 9.3% | 13.8% | 4.2% | 19.9% | 14.8% | 4.7% |
| Return on Equity (ROE) | 44.2% | 42.8% | 13.6% | 38.4% | 19.5% | 10.1% |
| ROIC [EBIT / Invested Capital] | 9.6% | 14.8% | 38.6% | 25.3% | 9.5% | 6.3% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 76.1% | 62.8% | 66.4% | 46.7% | 22.0% | 50.4% |
| Debt-to-Equity | 3.62x | 1.94x | 2.17x | 0.90x | 0.29x | 1.08x |
| Debt-to-EBITDA | 8.21x | 4.36x | 1.86x | 1.91x | 2.34x | 7.90x |
| Equity-to-Assets | 21.0% | 32.3% | 30.6% | 51.8% | 76.2% | 46.4% |
| Net Debt | 4,788 | 4,521 | 5,513 | 3,791 | 1,975 | 6,589 |
| Cash & Equivalents | 169 | 122 | 483 | 264 | 65 | 137 |
| Total Debt | 4,956 | 4,643 | 5,996 | 4,055 | 2,040 | 6,726 |
| Liquidity & working capital | ||||||
| Current Ratio | 1.23x | 1.38x | 1.23x | 1.97x | 4.01x | 1.79x |
| Quick Ratio | 1.23x | 1.32x | 1.02x | 1.97x | 4.01x | 1.79x |
| Cash Ratio | 0.03x | 0.02x | 0.08x | 0.06x | 0.03x | 0.02x |
| Total Current Assets | 6,337 | 6,927 | 7,652 | 8,229 | 8,836 | 12,837 |
| Total Current Liabilities | 5,144 | 5,004 | 6,210 | 4,187 | 2,202 | 7,155 |
| Inventory | N/A | 324 | 1,307 | N/A | N/A | N/A |
| Trade Receivables | 5,760 | 4,559 | 5,497 | 6,065 | 5,719 | 11,053 |
| Trade Payables | 149 | 355 | 203 | 99 | 129 | 329 |
| Net Working Capital | 1,193 | 1,924 | 1,442 | 4,042 | 6,634 | 5,682 |
| Net Working Capital % of Revenue | 36.0% | 52.8% | 56.3% | 130.6% | 238.9% | 93.7% |
| Trade Working Capital | 5,612 | 4,527 | 6,600 | 5,966 | 5,590 | 10,723 |
| Trade Working Capital % of Revenue | 169.1% | 124.2% | 257.4% | 192.8% | 201.3% | 176.9% |
| Change in Trade Working Capital | N/A | -1,084 | 2,073 | -634 | N/A | 5,134 |
| Turnover & efficiency | ||||||
| Inventory Turnover | N/A | 0.97x | 0.25x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 377.0 | 1452.1 | N/A | N/A | N/A |
| Receivables Turnover | 0.58x | 0.80x | 0.47x | 0.51x | 0.49x | 0.55x |
| Days Sales Outstanding (DSO) | 633.5 | 456.6 | 782.5 | 715.3 | 751.7 | 665.6 |
| Payables Turnover | 1.51x | 0.88x | 1.61x | 9.34x | 2.16x | 7.40x |
| Days Payable Outstanding (DPO) | 242.2 | 413.2 | 226.1 | 39.1 | 169.1 | 49.4 |
| Cash Conversion Cycle | 391.2 days | 420.4 days | 2008.5 days | 676.2 days | 582.6 days | 616.2 days |
| Asset Turnover | 0.51x | 0.49x | 0.28x | 0.36x | 0.30x | 0.45x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow (OCF − Capex proxy) | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Conversion (OCF / EBITDA) | 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 |
| 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).
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