TurnKey Capital Inc

TurnKey Capital Inc exhibits a highly leveraged capital structure, with total liabilities of $825.2 million and total equity of -$819.96 million, resulting in a negative net worth. The company has no long-term debt, but its liquidity position is extremely weak, as indicated by a current ratio of 0.0. Free cash flow is negative at -$55.34 million, and operating cash flow is also negative at -$51.14 million, suggesting significant cash outflows from operations. Profitability metrics are severely negative, with a net loss of $55.47 million and an operating loss of the same amount. Return on equity is 6.76%, but this is misleading due to the negative equity base. Return on assets is -10.67%, indicating that the company is generating losses relative to its asset base. These figures are far below the industry median for IT services, where positive returns and stable operating margins are typically expected. The company does not disclose segment or geographic revenue breakdowns in the latest financial data, so it is not possible to assess revenue concentration or geographic exposure. However, the absence of such data suggests a lack of diversification or transparency in its business operations. Growth trajectory is negative, with no revenue reported in the latest period. The company is experiencing a significant decline in financial performance, with large losses and negative cash flows. There are no indications of near-term revenue recovery or operational improvement in the data provided. Risk factors include a low liquidity score and a negative net worth, which increase the likelihood of insolvency. The company has no immediate filing-based liquidity or dilution flags, but the negative equity position and high liabilities suggest potential for future dilution if the company seeks to raise capital. No adjustments have been applied to the valuation metrics, as the data does not support meaningful valuation analysis. Recent events include the filing of the latest financial data, which shows continued losses and negative cash flows. No significant corporate actions, earnings calls, or regulatory filings have been disclosed in the available data, limiting insight into the company's strategic direction or operational changes.