Graphex Group (GRFXF) Financials
Graphex Group Ltd (GRFXF) reported $43.7M in revenue for fiscal year 2022. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings.
The business has a gross-profit base, but overhead and depreciation leave reported operations loss-making while cash flow remains positive.
FY2022’s earnings quality is mixed: operating cash flow was$5.5M and free cash flow was$5.4M , even as net income showed a net loss of$12.6M . Because capital expenditures were only$55K , the near-match between those cash measures reflects little recorded reinvestment that year, while depreciation helps separate cash generation from reported profit.
Gross profit of
Current liabilities of
Financial Health Signals
We do not publish a peer-relative financial health score for Graphex Group Ltd, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Graphex Group Ltd scores -0.60, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $58.3M against total assets of $112.2M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Graphex Group Ltd reported a net loss of $12.6M while generating $5.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Graphex Group Ltd reported an operating loss of $7.5M against $428K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Graphex Group Ltd generated $43.7M in revenue in fiscal year 2022.
Graphex Group Ltd's EBITDA was $935K in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
Graphex Group Ltd reported a net loss of $12.6M in fiscal year 2022.
Not reported for fiscal year 2022.
Cash & Balance Sheet
Graphex Group Ltd generated $5.4M in free cash flow in fiscal year 2022, representing cash available after capex.
Graphex Group Ltd held $4.0M in cash as of fiscal year 2022; no long-term debt figure is on record for that period.
Not reported for fiscal year 2022.
Margins & Returns
Graphex Group Ltd's gross margin was 35.2% in fiscal year 2022, indicating the percentage of revenue retained after direct costs.
Graphex Group Ltd's operating margin was -17.2% in fiscal year 2022, reflecting core business profitability.
Graphex Group Ltd's net profit margin was -28.9% in fiscal year 2022, showing the share of revenue converted to profit.
Graphex Group Ltd's ROE was -27.9% in fiscal year 2022, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Graphex Group Ltd invested $2.1M in research and development in fiscal year 2022.
Graphex Group Ltd invested $55K in capex in fiscal year 2022, funding long-term assets and infrastructure.
Not reported for fiscal year 2022.
GRFXF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY22 |
|---|---|
| Revenue | $43.7M |
| Cost of Revenue | $28.4M |
| Gross Profit | $15.4M |
| R&D Expenses | $2.1M |
| SG&A Expenses | $18.6M |
| Operating Income | -$7.5M |
| EBITDA | $935K |
| Interest Expense | $428K |
| Income Tax | -$421K |
| Net Income | -$12.6M |
| EPS (Basic) | -$0.02 |
Not reported in any period shown, so not listed: EPS (Diluted), Diluted Shares (Avg).
GRFXF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY22 |
|---|---|
| Total Assets | $112.2M |
| Current Assets | $30.1M |
| Cash & Equivalents | $4.0M |
| Inventory | $2.2M |
| Accounts Receivable | $13.0M |
| Goodwill | $13.1M |
| Total Liabilities | $68.2M |
| Current Liabilities | $36.7M |
| Non-Current Liabilities | $31.5M |
| Total Equity | $45.3M |
| Retained Earnings | -$58.3M |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Long-Term Debt.
GRFXF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY22 |
|---|---|
| Operating Cash Flow | $5.5M |
| Depreciation & Amortization | $8.5M |
| Capital Expenditures | $55K |
| Free Cash Flow | $5.4M |
| Investing Cash Flow | -$11.5M |
| Financing Cash Flow | $6.7M |
| Dividends Paid | $7K |
Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.
GRFXF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY22 |
|---|---|
| Gross Margin | 35.2% |
| Operating Margin | -17.2% |
| Net Margin | -28.9% |
| Return on Equity | -27.9% |
| Return on Assets | -11.3% |
| Current Ratio | 0.82 |
| Liabilities-to-Equity | 1.51 |
| Asset Turnover | 0.39 |
| FCF Margin | 12.3% |
Not reported in any period shown, so not listed: Debt-to-Equity.
Note: The current ratio is below 1.0 (0.82), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Graphex Group Ltd Ranks
Frequently Asked Questions
Graphex Group Ltd (GRFXF) reported $43.7M in total revenue for fiscal year 2022. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
No, Graphex Group Ltd (GRFXF) reported a net loss of $12.6M in fiscal year 2022, with a net profit margin of -28.9%.
Graphex Group Ltd (GRFXF) had EBITDA of $935K in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
Graphex Group Ltd (GRFXF) had a gross margin of 35.2% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
Graphex Group Ltd (GRFXF) had an operating margin of -17.2% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
Graphex Group Ltd (GRFXF) had a net profit margin of -28.9% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
Graphex Group Ltd (GRFXF) has a return on equity of -27.9% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.
Graphex Group Ltd (GRFXF) generated $5.4M in free cash flow during fiscal year 2022. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Graphex Group Ltd (GRFXF) generated $5.5M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
Graphex Group Ltd (GRFXF) had $112.2M in total assets as of fiscal year 2022, including both current and long-term assets.
Graphex Group Ltd (GRFXF) invested $55K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
Graphex Group Ltd (GRFXF) invested $2.1M in research and development during fiscal year 2022.
Graphex Group Ltd (GRFXF) had a current ratio of 0.82 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
Graphex Group Ltd (GRFXF) had a liabilities-to-equity ratio of 1.51 as of fiscal year 2022, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2022, because the filing data we hold for that year carries no long-term debt figure.
Graphex Group Ltd (GRFXF) had a return on assets of -11.3% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
Graphex Group Ltd (GRFXF) has an Altman Z-Score of -0.60, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
Graphex Group Ltd (GRFXF) reported a net loss of $12.6M while generating $5.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.
Graphex Group Ltd (GRFXF) reported an operating loss of $7.5M against $428K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.