Protec Mems Technology Inc

Protec Mems Technology Inc has a liquidity position that is currently medium, with a current ratio of 1.24. The company's cash and equivalents amount to KRW 6,114,523,930, while its long-term debt stands at KRW 21,598,040,190, resulting in a negative net cash position after subtracting total debt. The debt-to-equity ratio of 0.53 indicates a moderate level of leverage, with total liabilities of KRW 27,430,513,190 against total equity of KRW 40,789,488,150.

The company's profitability is currently negative, with a return on equity of -8.18% and a return on assets of -4.89%. These figures are below the typical performance metrics for the Semiconductor Equipment & Testing industry, which is known for high capital intensity and cyclical demand. The operating income is negative at KRW -3,431,719,020, and the net income is also negative at KRW -3,334,826,440. The company's gross profit is also negative at KRW -1,442,949,430, indicating that the cost of goods sold exceeds the revenue generated.

The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no specific geographic breakdown provided in the available data. This lack of diversification may expose the company to higher risk in the event of a downturn in its primary market or a shift in customer demand. The absence of detailed segment or geographic data limits the ability to assess the company's exposure to different markets or regions.

The company's growth trajectory is currently negative, with a net income decline and a negative operating cash flow of KRW -1,939,109,490. The capital expenditure of KRW -3,415,532,010 indicates significant investment in long-term assets, which may be an attempt to position the company for future growth. However, the free cash flow is also negative at KRW -3,383,090,210, suggesting that the company is not generating sufficient cash to fund its operations and investments without external financing.

The risk assessment for Protec Mems Technology Inc highlights a medium liquidity risk and a low dilution risk. The company's negative net cash position and negative operating cash flow increase the risk of liquidity constraints, particularly if the company is unable to secure additional financing or improve its cash flow generation. The dilution risk is low, as the number of shares outstanding has not increased significantly, and there is no indication of a pending equity offering or other dilutive event.

The company has not disclosed any recent significant events, such as major product launches, strategic partnerships, or regulatory changes, that would impact its financial performance or market position. The absence of recent events suggests that the company is currently operating in a stable but challenging environment, with no immediate catalysts for growth or transformation.

The company generated 7.9 billion KRW in net income during FY-4, marking a significant turnaround from prior losses.

Long-term debt decreased substantially to 5.4 billion KRW in FY-4, reflecting improved balance sheet health and deleveraging.

Free cash flow turned positive at 4.3 billion KRW in FY-4, indicating restored operational cash generation capabilities.

Gross profit expanded to 17.2 billion KRW in FY-4, suggesting improved cost management or pricing power.

Long-term debt surged to 35.9 billion KRW in FY0, increasing financial leverage and associated credit risk significantly.