Lonking Holdings Limited - 3339.HK

3339.HK Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
3339.HK	13.5	18.8	22.1	10.6	22.1	52.6	-25.3	-26.9	18.8	395.1
S&P 500	1.0	1.5	1.1	2.3	8.9	23.6	33.8	80.6	196.5	33856.2

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	3339.HK
name	Lonking Holdings Limited
price	1.77
changes percentage	13.4615
change	0.21
day low	1.66
day high	1.85
year high	1.85
year low	1.14
market cap	7575777000
price avg 50	1.4634
price avg 200	1.48615
exchange	HKSE
volume	79871000
avg volume	3367449
open	1.79
previous close	1.56
eps	0.2
pe	8.85
earnings announcement	2025-03-26T10:59:00.000+0000
shares outstanding	4280100000
timestamp	2025-01-20 08:08:32

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 64.0%

Overall Quarterly Financial Health: 64.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	10522925000	11150234000	-5.63
gross profit	1844980000	1867026000	-1.18
gross profit ratio	0.18	0.17	4.71
research and development expenses	437700000	516019000	-15.18
operating expenses	1162414000	1212947000	-4.17
interest income	113010000	117680000	-3.97
interest expense	29849000	18800000	58.77
ebitda	952655000	1091147000	-12.69
ebitdaratio	0.09	0.1	-7.49
operating income	683425000	815627000	-16.21
operating income ratio	0.06	0.07	-11.21
net income	645440000	400454000	61.18
net income ratio	0.06	0.04	70.79
eps	0.15	0.09	66.67

Overall Score of Annual Income Statement

0.5 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 10,523 million in 2023 from 11,150 million in 2022 representing a change of -5.63%. This indicates a sales shrinking, which is a negative sign for the company.

  Gross Profit: Gross Profit decreased to 1,845 million in 2023 from 1,867 million in 2022 representing a change of -1.18%. This indicates a sales profitability decline, which is a negative sign for the company.

  Research and Development (R&D) Expenses: R&D Expenses decreased to 438 million in 2023 from 516 million in 2022 representing a change of -15.18%. This shows that the company decreased investment in innovation and product development, which is not a good sign for long-term growth.

  Operating Income: Operating income decreased to 683 million in 2023 from 816 million in 2022 representing a change of -16.21%. The decrease in operating income indicates worse operational performance and decreased profitability.

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 1,162 million in 2023 from 1,213 million in 2022 representing a change of -4.17%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 953 million in 2023 from 1,091 million in 2022 representing a change of -12.69%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Net Income: Net income increased to 645 million in 2023 from 400 million in 2022 representing a change of 61.18%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 0.15 in 2023 from 0.15 in 2022 representing a change of 66.67%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
revenue	5360093000	4796797000	11.74
gross profit	990569000	901245000	9.91
gross profit ratio	0.18	0.19	-1.64
research and development expenses	221722000	206953000	7.14
operating expenses	551756000	517546000	6.61
interest income	0	55432000	-100.00
interest expense	0	0	NaN
ebitda	566288000	521270000	8.64
ebitdaratio	0.11	0.11	-2.78
operating income	438813000	383699000	14.36
operating income ratio	0.08	0.08	2.35
net income	458353000	338041000	35.59
net income ratio	0.09	0.07	21.34
eps	0.11	0.08	39.24

Overall Score of Quarterly Income Statement

0.88 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 5,360 million in 2024Q2 from 4,797 million in 2023Q4 representing a change of 11.74%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 991 million in 2024Q2 from 901 million in 2023Q4 representing a change of 9.91%. This indicates a sales profitability growth, which is a positive sign for the company.

  Research and Development (R&D) Expenses: R&D Expenses increased to 222 million in 2024Q2 from 207 million in 2023Q4 representing a change of 7.14%. This shows that the company continues to invest in innovation and product development, which is crucial for long-term growth.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 566 million in 2024Q2 from 521 million in 2023Q4 representing a change of 8.64%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 439 million in 2024Q2 from 384 million in 2023Q4 representing a change of 14.36%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 458 million in 2024Q2 from 338 million in 2023Q4 representing a change of 35.59%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 0.11 in 2024Q2 from 0.11 in 2023Q4 representing a change of 39.24%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 552 million in 2024Q2 from 518 million in 2023Q4 representing a change of 6.61%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	15623542000	15390930000	1.51
total liabilities	5642022000	5639775000	0.04
total equity	9981520000	9751155000	2.36
cash and cash equivalents	3470777000	2031973000	70.81
short term investments	2278579000	163671000	1292.17
long term investments	-1685096000	659985000	-355.32
total current assets	12480883000	11585891000	7.72
total non current assets	3142659000	2887309000	8.84
total current liabilities	5591403000	4865001000	14.93
total non current liabilities	50619000	708161000	-92.85
common stock	444116000	444116000	0.00
retained earnings	6856807000	8486152000	-19.20
total debt	732365000	714468000	2.50

Overall Score of Annual Balance Sheet

0.56 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 15,624 million in 2023 from 15,391 million in 2022 representing a change of 1.51%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 9,982 million in 2023 from 9,751 million in 2022 representing a change of 2.36%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 3,471 million in 2023 from 2,032 million in 2022 representing a change of 70.81%. This indicates an increase in available liquid assets.

  Short Term Investments: Short Term Investments increased to 2,279 million in 2023 from 164 million in 2022 representing a change of 1292.17%. This indicates an increase in short-term investment holdings.

  Total Current Assets: Total Current Assets increased to 12,481 million in 2023 from 11,586 million in 2022 representing a change of 7.72%. This indicates a better liquidity position.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 5,642 million in 2023 from 5,640 million in 2022 representing a change of 0.04%. This indicates an increase in overall liabilities.

  Total Current Liabilities: Total Current Liabilities increased to 5,591 million in 2023 from 4,865 million in 2022 representing a change of 14.93%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to 6,857 million in 2023 from 8,486 million in 2022 representing a change of -19.2%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 732 million in 2023 from 714 million in 2022 representing a change of 2.5%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
total assets	15019791000	15623542000	-3.86
total liabilities	4887563000	5642022000	-13.37
total equity	10132228000	9981520000	1.51
cash and cash equivalents	2979841000	3470777000	-14.14
short term investments	1083842000	2278579000	-52.43
long term investments	801132000	593483000	34.99
total current assets	11712014000	12480883000	-6.16
total non current assets	3307777000	3142659000	5.25
total current liabilities	4830734000	5591403000	-13.60
total non current liabilities	56829000	50619000	12.27
common stock	444116000	444116000	0.00
retained earnings	7008308000	6856807000	2.21
total debt	5809000	732365000	-99.21

Overall Score of Quarterly Balance Sheet

0.56 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 15,020 million in 2024Q2 from 15,624 million in 2023Q4 representing a change of -3.86%. Suggesting a decrease in asset holdings.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 2,980 million in 2024Q2 from 3,471 million in 2023Q4 representing a change of -14.14%. This indicates a decrease in available liquid assets.

  Short Term Investments: Short Term Investments decreased to 1,084 million in 2024Q2 from 2,279 million in 2023Q4 representing a change of -52.43%. This indicates a decrease in short-term investment holdings.

  Total Current Assets: Total Current Assets decreased to 11,712 million in 2024Q2 from 12,481 million in 2023Q4 representing a change of -6.16%. This indicates a worsen liquidity position.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 4,888 million in 2024Q2 from 5,642 million in 2023Q4 representing a change of -13.37%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 10,132 million in 2024Q2 from 9,982 million in 2023Q4 representing a change of 1.51%. This indicates an increase in shareholders' equity.

  Total Current Liabilities: Total Current Liabilities decreased to 4,831 million in 2024Q2 from 5,591 million in 2023Q4 representing a change of -13.6%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to 7,008 million in 2024Q2 from 6,857 million in 2023Q4 representing a change of 2.21%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 6 million in 2024Q2 from 732 million in 2023Q4 representing a change of -99.21%. This indicates a reduction in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	1438804000	6968000	20548.74
operating cash flow	1984159000	1856727000	6.86
free cash flow	1797567000	1617460000	11.14
capital expenditure	-186592000	-239267000	22.02
depreciation and amortization	274140000	275520000	-0.50
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	0	47895000	-100.00
inventory	738061000	471961000	56.38
acquisitions net	0	450000	-100.00
investments in property plant and equipment	-186592000	-239267000	22.02
net cash used for investing activites	-58699000	-999690000	94.13
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-394659000	-765435000	48.44
net cash used provided by financing activities	-458287000	-854225000	46.35
cash at end of period	3470777000	2031973000	70.81
accounts receivables	-20880000	1234432000	-101.69
cash at beginning of period	2031973000	2025005000	0.34

Overall Score of Annual Cashflow Statement

0.86 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 1,439 million in 2023 from 7 million in 2022 representing a change of 20548.74%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 1,984 million in 2023 from 1,857 million in 2022 representing a change of 6.86%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 1,798 million in 2023 from 1,617 million in 2022 representing a change of 11.14%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2023 from 48 million in 2022 representing a change of -100.0%. This indicates that the company has reduced its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables decreased to -21 million in 2023 from 1,234 million in 2022 representing a change of -101.69%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

  Dividends Paid: Dividends Paid increased to -395 million in 2023 from -765 million in 2022 representing a change of 48.44%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to -187 million in 2023 from -239 million in 2022 representing a change of 22.02%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
operating cash flow	316244000	1065345000	-70.32
free cash flow	275408000	1013766000	-72.83
capital expenditure	-40836000	-51579000	20.83
depreciation and amortization	129846000	140018000	-7.26
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	-450401000	184626000	-343.95
accounts payables	0	0	NaN
inventory	478932000	-115075000	516.19
acquisitions net	0	0	NaN
investments in property plant and equipment	-40836000	-51579000	20.83
net cash used for investing activites	-528162000	-801275000	34.08
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	-394659000	100.00
net cash used provided by financing activities	-284174000	-438972000	35.26
net change in cash	2979841000	0	NaN
cash at end of period	2979841000	3675115000	-18.92
cash at beginning of period	0	3675115000	-100.00

Overall Score of Quarterly Cashflow Statement

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 2,980 million in 2024Q2 from 0 million in 2023Q4 representing a change of nan%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Accounts Receivables: Accounts Receivables decreased to -450 million in 2024Q2 from 185 million in 2023Q4 representing a change of -343.95%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

  Dividends Paid: Dividends Paid increased to 0 million in 2024Q2 from -395 million in 2023Q4 representing a change of 100.0%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• 📉 Negative Indicators

  Operating Cash Flow: Operating Cash Flow decreased to 316 million in 2024Q2 from 1,065 million in 2023Q4 representing a change of -70.32%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to 275 million in 2024Q2 from 1,014 million in 2023Q4 representing a change of -72.83%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure increased to -41 million in 2024Q2 from -52 million in 2023Q4 representing a change of 20.83%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	2.46	2.61	-5.63
net income per share	0.15	0.09	61.18
operating cash flow per share	0.46	0.43	6.86
free cash flow per share	0.42	0.38	11.14
cash per share	1.34	0.51	161.85
book value per share	2.33	2.28	2.36
tangible book value per share	1.94	1.69	14.49
shareholders equity per share	2.33	2.28	2.36
interest debt per share	0.18	0.17	3.95
market cap	4692627006.02	5177679771	-9.37
enterprise value	1954215006.02	3860174771	-49.37
pe ratio	7.27	12.93	-43.77
price to sales ratio	0.45	0.46	-3.97
pocfratio	2.37	2.79	-15.19
pfcf ratio	2.61	3.2	-18.45
pb ratio	0.47	0.53	-11.46
ptb ratio	0.47	0.53	-11.46
ev to sales	0.19	0.35	-46.36
enterprise value over ebitda	2.05	3.54	-42.02
ev to operating cash flow	0.98	2.08	-52.63
ev to free cash flow	1.09	2.39	-54.45
earnings yield	0.14	0.08	77.84
free cash flow yield	0.38	0.31	22.62
debt to equity	0.07	0.07	0.14
debt to assets	0.05	0.05	0.98
net debt to ebitda	-2.87	-1.21	-138.06
current ratio	2.23	2.38	-6.27
interest coverage	22.9	43.38	-47.23
income quality	2.57	4.64	-44.61
dividend yield	0.08	0.15	-43.11
payout ratio	0.61	1.91	-68.01
sales general and administrative to revenue	0.02	0.02	2.65
research and ddevelopement to revenue	0.04	0.05	-10.12
intangibles to total assets	0.11	0.16	-33.59
capex to operating cash flow	0.09	0.13	-27.02
capex to revenue	0.02	0.02	-17.37
capex to depreciation	0.68	0.87	-21.62
stock based compensation to revenue	0	0	NaN
graham number	2.81	2.19	28.45
roic	0.05	0.08	-31.45
return on tangible assets	0.05	0.03	49.02
graham net net	0.84	0.04	1770.76
working capital	6889480000	6720890000	2.51
tangible asset value	8288362000	7239655000	14.49
net current asset value	6838861000	5946116000	15.01
invested capital	10659520000	11459714000	-6.98
average receivables	2587000500	2854802500	-9.38
average payables	3831344000	4047580500	-5.34
average inventory	3233890000	3826175500	-15.48
days sales outstanding	94.36	80.32	17.49
days payables outstanding	162.74	149.15	9.11
days of inventory on hand	120.99	141.2	-14.32
receivables turnover	3.87	4.54	-14.88
payables turnover	2.24	2.45	-8.35
inventory turnover	3.02	2.58	16.71
roe	0.06	0.04	57.46
capex per share	0.04	0.06	-22.02

• ROE:

• Negative

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 7.27 on 2023-12-31 from 12.93 on 2022-12-31, representing a change of -43.77%. Indicating a decrease in the relative valuation of the company's stock.

• Neutral

  Current Ratio: Current Ratio decreased to 2.23 on 2023-12-31 from 2.38 on 2022-12-31, representing a change of -6.27%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.07 on 2023-12-31 from 0.07 on 2022-12-31, representing a change of 0.14%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2024-06-30 Q2	2023-12-31 Q4	Q/Q change %
3339.HK
calendar year	2024	2023	NaN
revenue per share	1.25	1.12	11.74
net income per share	0.11	0.08	35.59
operating cash flow per share	0.07	0.25	-70.32
free cash flow per share	0.06	0.24	-72.83
cash per share	0.95	1.34	-29.32
book value per share	2.37	2.33	1.51
tangible book value per share	2.37	2.42	-2.38
shareholders equity per share	2.37	2.33	1.51
interest debt per share	0.0	0.17	-99.21
market cap	5812786956.85	4692661715.25	23.87
enterprise value	2838754956.85	1954249715.25	45.26
pe ratio	3.17	3.47	-8.64
price to sales ratio	1.08	0.98	10.85
pocfratio	18.38	4.4	317.29
pfcf ratio	21.11	4.63	355.96
pb ratio	0.57	0.47	22.03
ptb ratio	0.57	0.47	22.03
ev to sales	0.53	0.41	30.00
enterprise value over ebitda	5.01	3.75	33.71
ev to operating cash flow	8.98	1.83	389.35
ev to free cash flow	10.31	1.93	434.70
earnings yield	0.08	0.07	9.46
free cash flow yield	0.05	0.22	-78.07
debt to equity	0.0	0.07	-99.22
debt to assets	0.0	0.05	-99.17
net debt to ebitda	-5.25	-5.25	0.03
current ratio	2.42	2.23	8.62
interest coverage	0	0	NaN
income quality	0.69	3.15	-78.11
dividend yield	0	0.08	-100.00
payout ratio	0	1.17	-100.00
sales general and administrative to revenue	0.02	0.02	1.82
research and ddevelopement to revenue	0.04	0.04	-4.12
intangibles to total assets	0	-0.03	100.00
capex to operating cash flow	0.13	0.05	166.71
capex to revenue	0.01	0.01	-29.15
capex to depreciation	0.31	0.37	-14.63
stock based compensation to revenue	0	0	NaN
graham number	2.39	2.04	17.32
roic	0.03	0.03	8.87
return on tangible assets	0.03	0.02	44.63
graham net net	0.64	0.84	-23.07
working capital	6881280000	6889480000	-0.12
tangible asset value	10132228000	10379026000	-2.38
net current asset value	6824451000	6838861000	-0.21
invested capital	8856872000	8576918000	3.26
average receivables	None	None	NaN
average payables	None	None	NaN
average inventory	None	None	NaN
days sales outstanding	53.37	51.04	4.56
days payables outstanding	75.36	89.39	-15.70
days of inventory on hand	49.39	66.46	-25.69
receivables turnover	1.69	1.76	-4.36
payables turnover	1.19	1.01	18.62
inventory turnover	1.82	1.35	34.57
roe	0.05	0.03	33.58
capex per share	0.01	0.01	-20.83

• Negative

  ROE: Return on Equity (ROE) increased to 0.05 on 2024-06-30 Q2 from 0.03 on 2023-12-31 Q4, representing a change of 33.58%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 3.17 on 2024-06-30 Q2 from 3.47 on 2023-12-31 Q4, representing a change of -8.64%. Indicating a decrease in the relative valuation of the company's stock.

• Positive

  Current Ratio: Current Ratio increased to 2.42 on 2024-06-30 Q2 from 2.23 on 2023-12-31 Q4, representing a change of 8.62%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Also, it's above 1, indicating the ability to cover short-term obligations.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.00 on 2024-06-30 Q2 from 0.07 on 2023-12-31 Q4, representing a change of -99.22%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Positive Sentiment: Discounted Cash Flow value is 4.07 which is higher than current price 1.77, indicates the company may be undervalued.