Ascent Bridge Limited: Financial Position Analysis – FY2024

Business Description

Ascent Bridge Limited is a company incorporated in the Republic of Singapore. The report, however, does not provide specific information about the company’s core business operations, business segments, geographic footprint, or its position within the industry. Details regarding competitors, market share, revenue streams, customer base, supply chain, or competitive advantage are not mentioned in the provided document.

Financial Statement Analysis

Balance Sheet

The audited financial statements for the year ended 31 March 2024 indicate total assets of \$34,423,000, with total liabilities amounting to \$4,193,000, resulting in net assets of \$30,230,000 for the group [[2]], [[3]]. The company has managed to reclassify certain assets from current to non-current, which reflects an adjustment in the expected timeline for asset recovery [[6]].

Cash Flow Statement

The company reported net cash used in operating activities amounting to \$6,240,000, and net cash used in financing activities of \$514,000 [[5]]. Notably, there was no cash generated from investing activities, which indicates a conservative approach to capital expenditure and investment [[5]].

Income Statement

The document does not provide an explicit income statement or details of net profit growth or decline. However, a loss before tax of \$4,766,000 was highlighted in the operating activities section [[5]].

Key Findings and Investor Action

Strengths

• Reclassification of assets indicates strategic financial management.

Risks

• Significant net cash outflows from operating activities.
• Inability to generate cash from investing activities could limit growth potential.

Recommendations

For Current Investors

If you currently hold stock in Ascent Bridge Limited, it may be prudent to maintain your position but closely monitor future financial statements for any improvements in cash flow and profitability.

For Potential Investors

Potential investors should consider the current financial risks and wait for more robust financial improvements before investing. The company’s cash management strategies and future profitability measures should be observed.

Disclaimer

This analysis is based solely on the provided financial document and does not encompass a full market assessment or company evaluation. Investors should conduct further research or consult financial advisors before making investment decisions.

Report Date

The report is dated 6 December 2024 and pertains to the financial year ended 31 March 2024 [[1]].

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