City Sports and Recreation PCL

The company maintains a strong liquidity position, with a current ratio of 5.09, indicating a robust ability to meet short-term obligations. It has no long-term debt and holds cash and equivalents of 38.72 million THB, contributing to its low liquidity risk profile [doc:HA-latest]. The absence of long-term debt and the high current ratio suggest a conservative capital structure, which is uncommon in the leisure and recreation industry where capital intensity is typically higher. Profitability metrics show a return on equity (ROE) of 5.52% and a return on assets (ROA) of 4.93%. These figures are in line with the industry's median ROE and ROA, which are typically in the 4-6% range for leisure and recreation firms. The company's operating income of 85.84 million THB and net income of 69.09 million THB reflect a healthy margin, with no immediate signs of margin compression [doc:HA-latest]. The company's revenue is distributed across three segments: golf course, restaurant, and sport club. The golf course segment is the primary revenue driver, followed by the restaurant and sport club segments. There is no indication of significant geographic concentration, as the company operates primarily in Thailand, with no disclosed international operations [doc:HA-latest]. Looking ahead, the company is expected to maintain its current revenue trajectory, with no significant growth or contraction anticipated in the next fiscal year. Historical revenue data shows a stable pattern, with no sharp fluctuations that would suggest volatility in demand. The company's operating cash flow of 68.05 million THB and free cash flow of 27.33 million THB support this stability [doc:HA-latest]. The risk assessment indicates a low probability of dilution, with no immediate filing-based liquidity or dilution flags detected. The company's capital expenditure of -13.43 million THB suggests a reduction in investment, which may be a strategic move to preserve cash. The absence of long-term debt and the low dilution risk contribute to a stable capital structure [doc:HA-latest]. Recent filings and transcripts do not highlight any material events that would significantly impact the company's operations or financial health. The company's financial statements and disclosures are consistent with a well-managed and stable business model [doc:HA-latest].