DigiAsia Corp Financials
This page shows DigiAsia Corp (FAAS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
DigiAsia Corp passes 0 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, DigiAsia Corp generates $10.83 in operating cash flow (-$688K OCF vs -$64K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
DigiAsia Corp earns $-483.4 in operating income for every $1 of interest expense (-$2.1M vs $4K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
DigiAsia Corp reported -$64K in net income in fiscal year 2023. This represents a decrease of 100.6% from the prior year.
DigiAsia Corp held $105K in cash against $0 in long-term debt as of fiscal year 2023.
DigiAsia Corp spent $181.7M on share buybacks in fiscal year 2023, returning capital to shareholders by reducing shares outstanding.
FAAS Income Statement
| Metric | Q4'23 | Q3'23 | Q3'23 | Q3'23 | Q4'22 | Q3'22 | Q3'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $417K-3.4% | $432K+2.0% | $423K | N/A | $293K+99.3% | $147K-54.9% | $326K |
| Operating Income | N/A | -$417K+3.4% | -$432K-2.0% | -$423K | N/A | -$293K-99.3% | -$147K+54.9% | -$326K |
| Interest Expense | N/A | $2K+209.1% | $537-28.3% | $749 | N/A | $793+620.9% | $110+685.7% | $14 |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | -$49K-104.7% | $1.0M+270.3% | -$606K | N/A | $1.2M-70.8% | $4.2M+34.9% | $3.1M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FAAS Balance Sheet
| Metric | Q4'23 | Q3'23 | Q3'23 | Q3'23 | Q4'22 | Q3'22 | Q3'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $27.6M+1.9% | $27.1M-17.7% | $32.9M+2.4% | $32.2M-84.4% | $206.2M+1.2% | $203.7M+0.3% | $203.0M0.0% | $202.9M |
| Current Assets | $105K-17.5% | $127K+32.2% | $96K-44.2% | $172K-35.8% | $268K-39.4% | $443K-31.6% | $648K-20.0% | $809K |
| Cash & Equivalents | $105K-15.3% | $124K+72.0% | $72K+93.6% | $37K-60.2% | $93K-45.6% | $172K-41.6% | $294K-33.4% | $441K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $42.0M+3.7% | $40.5M-11.4% | $45.7M+1.2% | $45.2M-79.2% | $217.3M+1.8% | $213.4M+0.2% | $213.0M-1.8% | $217.0M |
| Current Liabilities | $5.0M+23.9% | $4.0M+18.5% | $3.4M+31.2% | $2.6M+43.0% | $1.8M+375.8% | $380K+24.0% | $306K-23.8% | $402K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$14.4M-7.3% | -$13.4M-4.7% | -$12.8M+1.5% | -$13.0M-17.6% | -$11.1M-13.8% | -$9.7M+3.3% | -$10.1M+28.3% | -$14.0M |
| Retained Earnings | -$14.4M-7.3% | -$13.4M-4.7% | -$12.8M+1.5% | -$13.0M-17.6% | -$11.1M-13.8% | -$9.7M+3.3% | -$10.1M+28.3% | -$14.0M |
FAAS Cash Flow Statement
| Metric | Q4'23 | Q3'23 | Q3'23 | Q3'23 | Q4'22 | Q3'22 | Q3'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.8M-870.4% | $234K-63.2% | $635K+160.3% | $244K+411.8% | -$78K+35.9% | -$122K+17.0% | -$147K+36.1% | -$230K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$182K-102.9% | $6.2M+1480.9% | -$450K-100.3% | $174.8M | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $2.0M+130.7% | -$6.4M-4163.9% | -$150K+99.9% | -$175.1M | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0-100.0% | $6.4M | $0-100.0% | $175.3M | N/A | N/A | N/A | N/A |
FAAS Financial Ratios
| Metric | Q4'23 | Q3'23 | Q3'23 | Q3'23 | Q4'22 | Q3'22 | Q3'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | -0.2%-3.3pp | 3.1%+5.0pp | -1.9% | N/A | 0.6%-1.5pp | 2.1%+0.5pp | 1.6% |
| Current Ratio | 0.02-0.0 | 0.030.0 | 0.03-0.0 | 0.07-0.1 | 0.15-1.0 | 1.17-0.9 | 2.12+0.1 | 2.01 |
| Debt-to-Equity | -2.92+0.1 | -3.02+0.5 | -3.57-0.1 | -3.47+16.1 | -19.61+2.3 | -21.92-0.8 | -21.17-5.7 | -15.46 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$14.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is DigiAsia Corp profitable?
No, DigiAsia Corp (FAAS) reported a net income of -$64K in fiscal year 2023.
What is DigiAsia Corp's operating cash flow?
DigiAsia Corp (FAAS) generated -$688K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are DigiAsia Corp's total assets?
DigiAsia Corp (FAAS) had $27.6M in total assets as of fiscal year 2023, including both current and long-term assets.
Does DigiAsia Corp buy back shares?
Yes, DigiAsia Corp (FAAS) spent $181.7M on share buybacks during fiscal year 2023, returning capital to shareholders by reducing shares outstanding.
What is DigiAsia Corp's current ratio?
DigiAsia Corp (FAAS) had a current ratio of 0.02 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is DigiAsia Corp's debt-to-equity ratio?
DigiAsia Corp (FAAS) had a debt-to-equity ratio of -2.92 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is DigiAsia Corp's return on assets (ROA)?
DigiAsia Corp (FAAS) had a return on assets of -0.2% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is DigiAsia Corp's cash runway?
Based on fiscal year 2023 data, DigiAsia Corp (FAAS) had $105K in cash against an annual operating cash burn of $688K. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is DigiAsia Corp's debt-to-equity ratio negative or unusual?
DigiAsia Corp (FAAS) has negative shareholder equity of -$14.4M as of fiscal year 2023, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is DigiAsia Corp's Piotroski F-Score?
DigiAsia Corp (FAAS) has a Piotroski F-Score of 0 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are DigiAsia Corp's earnings high quality?
DigiAsia Corp (FAAS) has an earnings quality ratio of 10.83x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can DigiAsia Corp cover its interest payments?
DigiAsia Corp (FAAS) has an interest coverage ratio of -483.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.