Cementarnica Usje AD Skopje

Cementarnica Usje AD Skopje maintains a conservative capital structure characterized by minimal leverage and strong liquidity. The company reports a debt-to-equity ratio of 0.01, indicating negligible reliance on debt financing relative to shareholder equity. Total liabilities stand at 1,161,764,000 MKD against total equity of 5,249,797,000 MKD, resulting in a current ratio of 2.73, which suggests ample short-term assets to cover immediate obligations. Despite the risk assessment flagging net cash as negative after subtracting total debt, the operating cash flow of 2,455,206,000 MKD demonstrates robust cash generation capabilities. Free cash flow is recorded at 521,917,000 MKD, reflecting the impact of capital expenditures of 565,028,000 MKD on the overall cash position.

Profitability metrics indicate efficient asset utilization and strong returns for shareholders. The return on equity (ROE) is 19.82%, while the return on assets (ROA) stands at 16.23%, both suggesting effective management of the company's resource base. Gross profit of 2,035,632,000 MKD on revenue of 6,128,653,000 MKD yields a gross margin of approximately 33.2%, while operating income of 1,685,104,000 MKD reflects an operating margin of roughly 27.5%. Net income of 1,448,322,000 MKD results in a net profit margin of approximately 23.6%, highlighting the company's ability to convert revenue into bottom-line earnings.

Segment and geographic data are not provided in the available input, preventing a detailed analysis of revenue concentration or regional exposure. The company's total revenue of 6,128,653,000 MKD is attributed to its core operations, but specific breakdowns by product line or geography are absent from the current dataset.

Historical period data is not available in the input, limiting the ability to assess long-term growth trajectories or quarterly trends. The analysis relies solely on the latest normalized financial snapshot, which shows a stable revenue base of 6,128,653,000 MKD and consistent profitability metrics. Without historical context, year-over-year growth rates and trend analysis cannot be performed.

Risk assessment indicates medium liquidity risk and low dilution risk. The key flag notes that net cash is negative after subtracting total debt, which may impact financial flexibility despite the strong current ratio. The low dilution risk is supported by the identical basic and diluted share counts of 563,784 shares, indicating no significant options or convertible securities currently impacting the share base.

Recent filing, news, and transcript observations are not provided in the input data. Consequently, no recent corporate events, management signals, or market reactions can be incorporated into the narrative. The analysis remains focused on the static financial position and profitability metrics derived from the latest available financial snapshot.

The company generated 1.45 billion MKD in net income, demonstrating strong absolute profitability despite recent revenue fluctuations.

With a debt-to-equity ratio of 0.01, the firm maintains a negligible leverage position compared to the cohort median of 0.4.

Free cash flow surged 148.4% year-over-year to 522 million MKD, highlighting improved cash generation capabilities.

The company faces a medium level of liquidity risk, which could constrain short-term financial flexibility.

Long-term debt increased significantly from zero in FY-2 to 65.2 million MKD in the latest period.