POSaBIT Systems Corporation POSAF OTC

Other OTC • Technology • Information Technology Services • US • USD

SharesGrow Score

32/100

0/5 Pass

SharesGrow Intrinsic Value

N/A

Negative cash flow

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

POSaBIT Systems Corporation (POSAF) reported total assets of $8.6M and total liabilities of $8.14M for fiscal year 2024, resulting in total equity of $458.67K.

The company held $998.48K in cash and short-term investments. Total debt stood at $4.53M, with net debt of $3.53M. The Debt-to-Equity (D/E) ratio was 9.87 (leveraged).

Current ratio is 1.56, indicating strong short-term liquidity. Interest coverage is -11.6x (weak).

Criteria supported by this page:

HEALTH (33/100, Fail) — the balance sheet shows elevated risk in debt or liquidity metrics
MOAT (43/100) — Total assets $8.6M and equity $458.67K support the company's competitive scale

Overall SharesGrow Score: 30/100 with 0/7 criteria passed.

SharesGrow 7-Criteria Score

32/100

SG Score

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VALUE

N/A

No coverage

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FUTURE

N/A

No coverage

✗

PAST

25/100

→ Income

✗

HEALTH

33/100

Debt-to-Equity & liquidity

Proven by this page

✗

MOAT

43/100

→ Income

GROWTH

48/100

→ Income

✗

INCOME

10/100

→ Income

POSaBIT Systems Corporation Balance Sheet History

Metric	FY2024	FY2023	FY2022	FY2021
Total Assets	$8.6M	$13.16M	$18M	$7.9M
Total Liabilities	$8.14M	$7.85M	$9.77M	$16.61M
Total Debt	$4.53M	$4.58M	$313.41K	$134.51K
Cash & Investments	$998.48K	$1.52M	$3.08M	$4.42M
Total Stockholders Equity	$458.67K	$5.31M	$8.22M	$-8.71M