JK Synapse Co Ltd
The company's capital structure is highly leveraged, with a debt-to-equity ratio of 1.0, indicating equal weighting of debt and equity financing. Its liquidity position is weak, with a current ratio of 0.25 and negative free cash flow of -16,498.29 million KRW. The price-to-book ratio of 0.33 suggests the market values the company at a significant discount to its book value. Profitability metrics are deeply negative, with a return on equity of -27.59% and return on assets of -12.21%. These figures are well below the typical performance of the Commodity Chemicals industry, which usually maintains positive returns on equity and assets. The company's operating income is negative at -6,184.33 million KRW, and its net income is -18,483.78 million KRW. Revenue is distributed across five segments: Electronic Materials, Waste Battery, Electronic Components, Real Estate, and Other. The Electronic Materials segment is the largest contributor, but the company's overall revenue concentration is not disclosed. The Real Estate segment generates income through non-residential building rentals, while the Other segment includes electronic payment and mobile marketing services. The company's growth trajectory is uncertain, with no specific numeric deltas provided for the current or next fiscal year. Historical revenue of 61,925.40 million KRW does not indicate a clear upward or downward trend. The company's operating cash flow is negative at -2,972.08 million KRW, and its free cash flow is -16,498.29 million KRW, suggesting limited capacity for reinvestment or debt servicing. Risk factors include medium liquidity risk due to a weak current ratio and negative free cash flow. The company's dilution risk is assessed as low, with no near-term pressure expected. However, the negative net cash position after subtracting total debt is a key flag. Recent events include a rebranding from Sonid Inc to JK Synapse Co Ltd, indicating a strategic shift. No recent filings or transcripts are provided to detail operational or strategic changes.
Business. JK Synapse Co Ltd is a Korea-based company engaged in the manufacture and sale of electronic materials, waste battery recycling pre-processing, electronic components, real estate rental, and electronic payment and mobile marketing services.
Classification. The company is classified under the Basic Materials economic sector, Chemicals business sector, and Commodity Chemicals industry with a confidence level of 0.92.
- The company is highly leveraged with a debt-to-equity ratio of 1.0 and weak liquidity.
- Profitability is deeply negative, with return on equity at -27.59% and return on assets at -12.21%.
- Revenue is spread across five segments, with no clear concentration disclosed.
- Growth trajectory is uncertain, with no specific numeric deltas provided for the current or next fiscal year.
- Liquidity risk is medium, and the company has a negative free cash flow of -16,498.29 million KRW.
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- Net cash is negative after subtracting total debt.