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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Hospitality — Accommodation. Per the activity note to the FY2024 annual report, the company operates accommodation facilities. Based in Tskaltshuba; located on Rustaveli Street.
Subsidiary of Park Hotel (100.0%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 121.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| EBITDA Margin | 9.5% | 20.1% | -59.4% | -29.0% | -40.2% | -20.2% | -22.7% |
| EBITDAR | 221 | 460 | -767 | -505 | -793 | -501 | -522 |
| EBITDAR Margin | 10.0% | 20.6% | -59.4% | -29.0% | -40.2% | -20.1% | -22.3% |
| EBIT Margin | -11.4% | 0.6% | -94.1% | -47.1% | -57.3% | -34.3% | -37.7% |
| Net Profit Margin | -17.3% | -34.0% | -102.3% | -8.7% | -8.0% | -19.9% | -32.3% |
| Operating Expense % of Sales | 111.9% | 79.9% | 159.4% | 129.0% | 140.2% | 120.2% | 122.7% |
| Returns | |||||||
| Return on Assets (ROA) | -5.6% | -11.5% | -21.0% | -2.3% | -2.4% | -7.8% | -11.6% |
| Return on Equity (ROE) | -15.1% | -42.7% | -317.1% | -20.2% | -9.4% | -31.5% | -62.1% |
| ROIC [EBIT / Invested Capital] | -3.9% | 0.2% | -19.9% | -12.8% | -17.9% | -13.9% | -14.8% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 59.3% | 69.6% | 91.1% | 86.6% | 71.4% | 72.2% | 79.3% |
| Debt-to-Equity | 1.59x | 2.58x | 13.78x | 7.56x | 2.75x | 2.92x | 4.25x |
| Debt-to-EBITDA | 19.17x | 10.21x | N/A | N/A | N/A | N/A | N/A |
| Equity-to-Assets | 37.2% | 26.9% | 6.6% | 11.5% | 25.9% | 24.8% | 18.6% |
| Net Debt | 4,029 | 4,588 | 5,696 | 5,674 | 4,623 | 4,585 | 4,722 |
| Cash & Equivalents | 12 | 4 | 53 | 21 | 8 | 7 | 456 |
| Total Debt | 4,041 | 4,591 | 5,749 | 5,695 | 4,631 | 4,592 | 5,178 |
| Liquidity & working capital | |||||||
| Current Ratio | 1.71x | 0.18x | 0.61x | 1.05x | 0.79x | 1.01x | 5.39x |
| Quick Ratio | 1.71x | 0.09x | 0.46x | 0.76x | 0.79x | 1.01x | 5.39x |
| Cash Ratio | 0.05x | 0.01x | 0.21x | 0.16x | 0.05x | 0.04x | 3.35x |
| Total Current Assets | 447 | 72 | 152 | 134 | 139 | 192 | 735 |
| Total Current Liabilities | 262 | 396 | 250 | 128 | 176 | 191 | 136 |
| Inventory | N/A | 38 | 38 | 38 | N/A | N/A | N/A |
| Trade Receivables | 72 | 23 | 49 | 64 | 76 | 27 | 45 |
| Trade Payables | 116 | 109 | 69 | 81 | 133 | 125 | 109 |
| Net Working Capital | 185 | -324 | -97 | 7 | -37 | 1 | 599 |
| Net Working Capital % of Revenue | 8.3% | -14.5% | -7.5% | 0.4% | -1.9% | 0.0% | 25.6% |
| Trade Working Capital | -44 | -48 | 18 | 21 | -57 | -97 | -64 |
| Trade Working Capital % of Revenue | -2.0% | -2.1% | 1.4% | 1.2% | -2.9% | -3.9% | -2.7% |
| Change in Trade Working Capital | N/A | -4 | 66 | 3 | -78 | -40 | 33 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Receivables Turnover | 30.73x | 97.76x | 26.56x | 27.32x | 25.85x | 91.16x | 51.48x |
| Days Sales Outstanding (DSO) | 11.9 | 3.7 | 13.7 | 13.4 | 14.1 | 4.0 | 7.1 |
| Payables Turnover | 4.09x | N/A | N/A | N/A | N/A | N/A | N/A |
| Days Payable Outstanding (DPO) | 89.3 | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Conversion Cycle | -77.4 days | 3.7 days | 13.7 days | 13.4 days | 14.1 days | 4.0 days | 7.1 days |
| Asset Turnover | 0.33x | 0.34x | 0.20x | 0.26x | 0.30x | 0.39x | 0.36x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 623 | 203 | 205 | 336 | -46 | 408 | 190 |
| Free Cash Flow (OCF − Capex proxy) | 545 | -64 | 108 | 270 | -372 | 232 | 203 |
| Cash Conversion (OCF / EBITDA) | 295.5% | 45.1% | 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.