The company's capital structure remains highly leveraged with $22.2 million in total debt, resulting in a debt-to-equity ratio of 5.06 as of 2025Q4.
| Total Assets | 35.48M | 12.75M | 9.56M | 9.27M | 7.85M |
| Asset Growth % | 178.16% | 33.41% | 3.14% | 18.13% | - |
| Real Estate & Other Assets | 0 | 4.5M | 4.47M | 4.4M | 0 |
| PP&E (Net) | 12.09M | 1.77M | 1.19M | 1.19M | 3.58M |
| Investment Securities | 828.44K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 1.93M | 1.8M | 235.22K | 25.76K | 0 |
| Cash & Equivalents | 54.07K | 296.2K | 3.24K | 720 | 0 |
| Receivables | 799.07K | 960.67K | 0 | 0 | 0 |
| Other Current Assets | 0 | 547.3K | 231.99K | 25.04K | 0 |
| Intangible Assets | 11.26M | 1.04M | 22.21K | 55.73K | 670.06K |
| Total Liabilities | 31.08M | 11.9M | 7.67M | 7.1M | 6.3M |
| Total Debt | 22.24M | 10.2M | 6.81M | 6.85M | 6.17M |
| Net Debt | 22.18M | 9.9M | 6.81M | 6.85M | 6.17M |
| Long-Term Debt | 9.48M | 1.5M | 0 | 0 | 0 |
| Short-Term Borrowings | 12.76M | 8.7M | 6.81M | 6.85M | 6.17M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 21.61M | 10.4M | 7.67M | 7.1M | 6.3M |
| Accounts Payable | 0 | 1.3M | 601.29K | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 |
| Total Equity | 4.39M | 853.18K | 1.89M | 2.17M | 1.54M |
| Equity Growth % | 415.04% | -54.81% | -12.82% | 40.24% | - |
| Shareholders Equity | 4.39M | 621.62K | 1.89M | 2.17M | 1.54M |
| Minority Interest | 0 | 231.56K | 0 | 0 | 0 |
| Common Stock | 947 | 1.49K | 10.2K | 0 | 1 |
| Additional Paid-in Capital | 0 | 16.66M | 9.01M | 5.1M | 2.03M |
| Retained Earnings | -32.17M | -16.04M | -7.13M | -2.93M | -485.75K |
| Preferred Stock | 939 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | -66.17% | -79.85% | -44.62% | -28.56% | -6.19% |
| Return on Equity (ROE) | -608.19% | -650.03% | -207.27% | -131.79% | -31.46% |
| Debt / Assets | 62.69% | 79.97% | 71.24% | 73.88% | 78.66% |
| Debt / Equity | 5.06x | 11.95x | 3.61x | 3.16x | 4.00x |
| Net Debt / EBITDA | - | - | - | - | - |
| Book Value per Share | 18.84 | 0.89 | 0.19 | 0.22 | 0.09 |
Imminent liquidity and solvency risk
According to the 2025Q4 financial statements, SGD's total assets grew to $35.5 million, yet this expansion is heavily leveraged, with total debt rising to $22.2 million, suggesting that the company's growth trajectory is currently dependent on debt-fueled asset accumulation rather than organic equity generation.
The rapid increase in asset base appears to be driven by project-level development, yet the lack of corresponding equity growth indicates that the company is not retaining value from its operations. Investors should monitor whether this asset growth translates into future revenue or if it merely represents an accumulation of illiquid development costs that may require further impairment.
Based on reported figures, the company's debt-to-equity ratio reached 5.06 in 2025Q4, reflecting a highly leveraged capital structure that leaves little room for operational error or market volatility in the residential development sector.
The reliance on debt to fund development activities in a high-interest rate environment appears to be pressuring the company's solvency. The significant fluctuation in leverage ratios over the last ten quarters suggests that management is actively managing debt levels to bridge funding gaps, which warrants further investigation into the cost and maturity profile of these obligations.
As disclosed in recent filings, the company's cash position has dwindled to a nominal $54,066, a figure that appears insufficient to support ongoing development pipeline requirements or corporate overhead without immediate external capital infusion.
The extreme compression of cash reserves relative to the scale of development projects suggests that the company is operating with virtually no liquidity buffer. This precarious position implies that any delay in project completion or asset sales could lead to a severe liquidity crisis, necessitating urgent attention from stakeholders.
Financial statements indicate that equity has been severely eroded, falling to $4.4 million in 2025Q4, a trend that appears to be driven by the company's inability to achieve profitability despite its aggressive development and technology-focused growth strategy.
The consistent negative ROE, which reached -116.1% in the most recent quarter, suggests that the company is effectively destroying shareholder value through its current operating model. The lack of retained earnings indicates that the company remains in a high-risk phase where equity dilution may be the only viable path to sustain operations.
Quick answers to the most common questions about buying SGD stock.
As of 2025, Safe and Green Development Corporation (SGD) had total assets of $35.5M including $1.9M in current assets.
Safe and Green Development Corporation (SGD) carries total debt of $22.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Safe and Green Development Corporation (SGD) has total shareholders' equity (book value) of $4.4M ($18.84 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Safe and Green Development Corporation (SGD) reported a current ratio of 0.09x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.