SUTL Enterprise Ltd

SUTL Enterprise maintains a strong liquidity position with SGD 34.07 million in cash and equivalents, translating to a liquidity FPT of 4.66 (cash/total liabilities) [doc:SUTL-2023-10K]. The company's current ratio of 3.57 indicates a robust ability to meet short-term obligations [doc:SUTL-2023-10K]. Return on equity of 11.33% and return on assets of 6.66% suggest efficient use of capital and asset base [doc:SUTL-2023-10K]. Profitability metrics show SUTL's gross profit margin at 80.03% (SGD 23.95 million gross profit on SGD 29.93 million revenue), and an operating margin of 34.13% (SGD 10.21 million operating income) [doc:SUTL-2023-10K]. These figures exceed the Leisure & Recreation industry median for gross margin by 12.5 percentage points and operating margin by 8.2 percentage points [doc:industry-config]. Geographically, SUTL's revenue is concentrated in Singapore (Sentosa Cove), with additional exposure in Phuket and Indonesia (Nirup Island) [doc:SUTL-2023-10K]. The company operates under its ONE°15 brand and manages third-party marinas, with a fleet of 50 luxury yachts for chartering [doc:SUTL-2023-10K]. Outlook for FY2024 shows a 9.3% revenue increase to SGD 32.7 million and a 12.4% rise in operating income to SGD 11.5 million [doc:SUTL-2024-outlook]. This growth is driven by new marina developments and expanded yacht chartering services [doc:SUTL-2024-outlook]. Risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected [doc:SUTL-2023-10K]. The company's debt-to-equity ratio of 0.06 suggests a conservative capital structure, and no dilution pressure is expected in the next 12 months [doc:SUTL-2023-10K]. Recent filings and transcripts highlight SUTL's focus on expanding its marina portfolio and enhancing yacht chartering services [doc:SUTL-2023-10K]. The company has not issued new shares in the past 12 months, and no ATM or shelf registration is currently active [doc:SUTL-2023-10K].