Growth Ratio Summary

Growth Score : 2.00

The growth ratios reveal significant challenges. The company has experienced declines in revenue, operating profit, earnings per share, asset growth, and net income. This indicates a concerning trend of contraction rather than expansion. While the real estate industry can be cyclical, these declines suggest deeper issues that need attention. Reversing these negative growth trends is crucial for the company's long-term sustainability and competitiveness.

Financial Ratio Summary

Financial Score : 3.60

The financial ratios present a mixed view. The company faces challenges in generating positive adjusted and cash earnings per share, as well as maintaining a positive book value per share. However, it demonstrates strength in managing capital expenditures. While the negative earnings and book value per share are concerning, the company's effective management of capital expenditures provides a foundation for potential improvement. These ratios are essential in assessing the company's overall financial health.

Profitability Ratio Summary

Profitability Score : 6.40

The profitability ratios present a mixed view. While the company demonstrates strong gross profit and operating margins, it struggles with return on equity and net margin. Effective cost management and operational efficiency contribute to the positive gross and operating margins. However, challenges in generating returns on equity and achieving a positive net margin indicate areas for improvement. Balancing these factors is crucial for sustained profitability in the real estate industry.

Efficiency Ratio Summary

Efficiency Score : 4.67

The efficiency ratios present a mixed picture. The company faces challenges in utilizing its fixed assets and capital to generate revenue. However, it demonstrates efficiency in managing inventory and receivables. While there are inefficiencies in asset utilization, the company's effective handling of inventory and receivables provides a foundation for improvement. In the real estate industry, optimizing asset turnover is essential for maximizing profitability.

Coverage Ratio Summary

Coverage Score : 2.00

The coverage ratios indicate a limited capacity to meet interest and dividend obligations. The company's ability to cover interest expenses is weak. The company's capacity to cover equity dividend payments is also non-existent, reflecting a cautious approach to shareholder returns. Enhancing these coverage ratios is crucial for reducing financial risk and improving investor confidence. These ratios are vital in assessing the company's financial resilience.

Solvency Ratio Summary

Solvency Score : 6.50

The solvency position presents a mixed view. The company's high debt to equity ratio suggests a reliance on debt financing, which elevates financial risk. However, a strong debt to asset ratio indicates effective asset management to cover debts. While the negative equity ratio is concerning and points to potential financial instability, the ability to manage debt levels provides some reassurance. For real estate companies, balancing debt and equity is critical for sustainable growth.

Liquidity Ratio Summary

Liquidity Score : 2.00

The liquidity position suggests significant challenges in meeting short-term obligations. The company's current assets are not sufficient to cover its current liabilities. This indicates a high risk of facing difficulties in paying off its immediate debts and operational expenses. While this could be a result of specific business strategies or investment patterns, it signals a need for careful monitoring. Considering the real estate industry's reliance on project financing, maintaining adequate liquidity is vital for sustained operations.