Golden Son Ltd

Golden Son operates with a debt-to-equity ratio of 1.34, indicating a capital structure that is moderately leveraged. The company's liquidity position is characterized by a current ratio of 1.81, suggesting it can cover short-term obligations but faces a negative net cash position after subtracting total debt. Free cash flow is negative at -348.34 million BDT, and operating cash flow is also negative at -55.81 million BDT, signaling cash flow constraints [doc:HA-latest]. Profitability metrics are weak, with a return on equity of -3.77% and a return on assets of -1.46%. These figures fall significantly below the industry median for the Textiles & Leather Goods sector, which typically sees positive returns. The company's operating income is negative at -85.64 million BDT, and net income is also negative at -116.49 million BDT, indicating a lack of operational profitability [doc:HA-latest]. The company's revenue is concentrated in Bangladesh, with no disclosed international operations. Product segments include Accessories and Toys, with no material diversification across geographic regions. The Accessories segment includes items like Herringbone Twill Tape and Wire Belt, while the Toys segment includes various game sets and sports equipment. No material revenue concentration is disclosed beyond the primary product categories [doc:HA-latest]. Growth trajectory is negative, with no disclosed revenue growth in the most recent period. The company's capital expenditure of -281.52 million BDT reflects ongoing investment in operations, but this has not translated into positive cash flow or profitability. The outlook for the current fiscal year is uncertain, with no disclosed direction or numeric delta for revenue or earnings [doc:HA-latest]. Risk factors include medium liquidity risk due to negative net cash and a high debt-to-equity ratio. Dilution risk is low, with no near-term pressure from share issuance or convertible debt. However, the company's negative operating and free cash flows suggest potential for future dilution if capital needs increase [doc:HA-latest]. Recent events include the latest financial filing (HA-latest), which discloses the company's negative operating and net income, as well as its high leverage. No recent earnings call transcripts or material events are disclosed in the input data [doc:HA-latest].