The firm maintains a robust liquidity position with $2.53 million in cash reserves, which currently exceeds the total TTM revenue of $2.0 million.
| Metric | Dec'24 | Dec'23 |
|---|
| Total Current Assets | 5.74M | 243.86K |
| Cash & Short-Term Investments | - | - |
| Cash Only | - | - |
| Short-Term Investments | - | - |
| Accounts Receivable | - | - |
| Days Sales Outstanding | - | - |
| Inventory | - | - |
| Days Inventory Outstanding | - | - |
| Other Current Assets | 0 | 0 |
| Total Non-Current Assets | 446.51K | 183.1K |
| Property, Plant & Equipment | 33.08K | 1.75K |
| Fixed Asset Turnover | 61.50x | 68.31x |
| Goodwill | 0 | 0 |
| Intangible Assets | 270.8K | 0 |
| Long-Term Investments | 0 | 0 |
| Other Non-Current Assets | - | - |
| Total Assets | 6.19M | 426.95K |
| Asset Turnover | 0.33x | 0.28x |
| Asset Growth % | 1349.59% | - |
| Total Current Liabilities | 2.12M | 3.22M |
| Accounts Payable | 65.31K | 14.97K |
| Days Payables Outstanding | - | - |
| Short-Term Debt | 0 | 0 |
| Deferred Revenue (Current) | - | - |
| Other Current Liabilities | 0 | 0 |
| Current Ratio | 2.71x | 0.08x |
| Quick Ratio | 2.71x | 0.08x |
| Cash Conversion Cycle | - | - |
| Total Non-Current Liabilities | 0 | 0 |
| Long-Term Debt | 0 | 0 |
| Capital Lease Obligations | - | - |
| Deferred Tax Liabilities | - | - |
| Other Non-Current Liabilities | - | - |
| Total Liabilities | 2.12M | 3.22M |
| Total Debt | 0 | 0 |
| Net Debt | -2.53M | -74.9K |
| Debt / Equity | - | - |
| Debt / EBITDA | - | - |
| Net Debt / EBITDA | -3.45x | - |
| Interest Coverage | - | - |
| Total Equity | 4.07M | -2.8M |
| Equity Growth % | 245.49% | - |
| Book Value per Share | - | -0.70 |
| Total Shareholders' Equity | 4.07M | -2.8M |
| Common Stock | 529 | 400 |
| Retained Earnings | -1.93M | -2.8M |
| Treasury Stock | 0 | 0 |
| Accumulated OCI | 1.12K | 1.43K |
| Minority Interest | 0 | 0 |
Regulatory and key-person dependency
According to the company's reported figures, FOFO maintains a cash balance of $2.53 million, which notably exceeds its total TTM revenue of $2.0 million, providing a significant liquidity buffer that appears to insulate the firm from immediate short-term operational shocks or sudden market volatility.
This high cash-to-revenue ratio suggests a conservative capital management strategy, potentially reflecting the firm's early-stage transition or a lack of immediate, high-return deployment opportunities. Investors should monitor whether this liquidity remains stagnant or is eventually utilized to acquire assets or expand the firm's regulatory license portfolio.
Based on the firm's financial profile, the balance sheet appears to be strengthening as the company transitions from a dormant entity to an active service provider, supported by a cash position that provides the necessary runway to sustain its high-touch, boutique consulting model in Hong Kong.
The shift in the balance sheet trajectory indicates that the company is successfully moving beyond its shell-like status, though the lack of historical data makes it difficult to determine if this capital accumulation is a result of sustainable operations or one-time transactional windfalls. The current trajectory warrants further investigation into whether the firm can maintain this liquidity while scaling its asset management segment.
As reported in financial statements, the absence of detailed balance sheet data obscures potential liabilities, such as operating leases or deferred compensation, which may be significant given the firm's high-overhead, boutique service model in the competitive and expensive Hong Kong financial services market.
The lack of transparency regarding non-cash assets and liabilities makes it difficult to assess the true quality of the balance sheet beyond the headline cash figure. Investors should be wary that the reported cash position may be partially offset by undisclosed obligations, which could impact the firm's long-term financial flexibility.
Quick answers to the most common questions about buying FOFO stock.
As of 2024, Hang Feng Technology Innovation Co., Ltd. Ordinary Shares (FOFO) had total assets of $6.2M including $5.7M in current assets.
Hang Feng Technology Innovation Co., Ltd. Ordinary Shares (FOFO) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Hang Feng Technology Innovation Co., Ltd. Ordinary Shares (FOFO) has total shareholders' equity (book value) of $4.1M. Book value represents the net worth of the company belonging to common stock holders.
Hang Feng Technology Innovation Co., Ltd. Ordinary Shares (FOFO) reported a current ratio of 2.71x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.