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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 0 · FY2023 0
Operates in Media — Broadcasting. Per the activity note to the FY2023 annual report, the company produces informational, entertainment, musical, educational and documentary television programming.
Group parent — controls 1 company · ownership
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross Margin | 97.7% | 91.4% | 83.6% | 70.8% | 74.5% |
| EBITDA Margin | -9.3% | -482.5% | -549.7% | -510.2% | -619.7% |
| EBITDAR | -144 | -22,249 | -28,592 | -27,702 | -28,825 |
| EBITDAR Margin | -2.8% | -459.1% | -525.3% | -487.3% | -604.8% |
| EBIT Margin | -11.5% | -524.2% | -603.6% | -567.5% | -688.1% |
| Net Profit Margin | -10.8% | -711.1% | -500.3% | -374.2% | -883.8% |
| Operating Expense % of Sales | 107.0% | 573.9% | 633.2% | 581.0% | 694.1% |
| Returns | |||||
| Return on Assets (ROA) | -3.7% | -157.0% | -117.5% | -145.2% | -401.0% |
| Return on Equity (ROE) | N/A | N/A | N/A | N/A | N/A |
| ROIC [EBIT / Invested Capital] | -5.3% | -167.5% | -246.1% | -355.9% | -1048.4% |
| Leverage & debt balances | |||||
| Debt-to-Assets | 86.4% | 229.8% | 327.8% | 639.2% | 1226.0% |
| Debt-to-Equity | -23.24x | -1.44x | -1.22x | -1.12x | -1.02x |
| Debt-to-EBITDA | N/A | N/A | N/A | N/A | N/A |
| Equity-to-Assets | -3.7% | -159.5% | -268.5% | -569.9% | -1196.1% |
| Net Debt | 11,923 | 50,193 | 75,608 | 92,574 | 128,758 |
| Cash & Equivalents | 1,115 | 254 | 373 | 1,085 | 8 |
| Total Debt | 13,038 | 50,447 | 75,982 | 93,659 | 128,765 |
| Liquidity & working capital | |||||
| Current Ratio | 5.22x | 1.20x | 0.64x | 0.73x | 0.31x |
| Quick Ratio | 5.21x | 1.20x | 0.62x | 0.72x | 0.31x |
| Cash Ratio | 1.78x | 0.15x | 0.13x | 0.26x | 0.00x |
| Total Current Assets | 3,258 | 2,063 | 1,783 | 2,983 | 2,292 |
| Total Current Liabilities | 625 | 1,714 | 2,794 | 4,099 | 7,327 |
| Inventory | 6 | 9 | 43 | 25 | 33 |
| Trade Receivables | 1,574 | 1,800 | 1,367 | 1,873 | 2,252 |
| Trade Payables | 563 | 1,523 | 2,124 | 3,131 | 4,080 |
| Net Working Capital | 2,634 | 348 | -1,011 | -1,116 | -5,034 |
| Net Working Capital % of Revenue | 50.6% | 7.2% | -18.6% | -19.6% | -105.6% |
| Trade Working Capital | 1,017 | 285 | -714 | -1,233 | -1,796 |
| Trade Working Capital % of Revenue | 19.5% | 5.9% | -13.1% | -21.7% | -37.7% |
| Change in Trade Working Capital | N/A | -732 | -1,000 | -519 | -562 |
| Turnover & efficiency | |||||
| Inventory Turnover | 20.23x | 46.84x | 21.01x | 66.39x | 37.00x |
| Days Inventory Outstanding (DIO) | 18.0 | 7.8 | 17.4 | 5.5 | 9.9 |
| Receivables Turnover | 3.31x | 2.69x | 3.98x | 3.04x | 2.12x |
| Days Sales Outstanding (DSO) | 110.3 | 135.6 | 91.7 | 120.3 | 172.5 |
| Payables Turnover | 0.21x | 0.27x | 0.42x | 0.53x | 0.30x |
| Days Payable Outstanding (DPO) | 1729.9 | 1329.8 | 865.8 | 688.2 | 1223.9 |
| Cash Conversion Cycle | -1601.6 days | -1186.4 days | -756.8 days | -562.5 days | -1041.5 days |
| Asset Turnover | 0.35x | 0.22x | 0.23x | 0.39x | 0.45x |
| Cash flow & dividends | |||||
| Operating Cash Flow | -6,554 | -17,448 | -25,790 | -24,427 | -23,409 |
| Free Cash Flow (OCF − Capex proxy) | -16,839 | -28,652 | -30,424 | -27,440 | -25,976 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 |
| 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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