Magic Empire Global Ltd Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Magic Empire Global Ltd has an operating margin of -80.0%, meaning the company retains $-80 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -20.4% the prior year.
Magic Empire Global Ltd's revenue declined 6.8% year-over-year, from $1.8M to $1.6M. This contraction results in a growth score of 9/100.
Magic Empire Global Ltd carries a low D/E ratio of 0.05, meaning only $0.05 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 36.89, Magic Empire Global Ltd holds $36.89 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Magic Empire Global Ltd passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Magic Empire Global Ltd generates $0.98 in operating cash flow (-$599K OCF vs -$609K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Magic Empire Global Ltd (MEGL) 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).
Key Financial Metrics
Magic Empire Global Ltd generated $1.6M in revenue in fiscal year 2024. This represents a decrease of 6.8% from the prior year.
Magic Empire Global Ltd's EBITDA was -$1.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 280.3% from the prior year.
Magic Empire Global Ltd reported -$609K in net income in fiscal year 2024. This represents a decrease of 883.1% from the prior year.
Magic Empire Global Ltd earned $-0.12 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 3900.0% from the prior year.
Magic Empire Global Ltd held $16.4M in cash against $0 in long-term debt as of fiscal year 2024.
Magic Empire Global Ltd had 20M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Magic Empire Global Ltd's operating margin was -80.0% in fiscal year 2024, reflecting core business profitability. This is down 59.6 percentage points from the prior year.
Magic Empire Global Ltd's net profit margin was -37.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 33.5 percentage points from the prior year.
MEGL Income Statement
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|
| Revenue | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A |
MEGL Balance Sheet
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|
| Total Assets | $17.5M-1.0% | $17.7M-4.2% | $18.5M |
| Current Assets | $16.8M+36.5% | $12.3M-23.7% | $16.2M |
| Cash & Equivalents | $16.4M+38.8% | $11.8M-24.2% | $15.6M |
| Inventory | N/A | N/A | N/A |
| Accounts Receivable | $231K-21.6% | $295K+15.7% | $255K |
| Goodwill | N/A | N/A | N/A |
| Total Liabilities | $850K+66.5% | $511K-48.7% | $996K |
| Current Liabilities | $456K-10.7% | $511K-33.9% | $773K |
| Long-Term Debt | N/A | N/A | N/A |
| Total Equity | $16.7M-3.0% | $17.2M-1.6% | $17.5M |
| Retained Earnings | -$1.2M-108.4% | -$565K-87.9% | -$301K |
MEGL Cash Flow Statement
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A |
MEGL Financial Ratios
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|
| Gross Margin | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A |
| Current Ratio | 36.89+12.8 | 24.13+3.2 | 20.91 |
| Debt-to-Equity | 0.05+0.0 | 0.03-0.0 | 0.06 |
| FCF Margin | N/A | N/A | N/A |
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Frequently Asked Questions
What is Magic Empire Global Ltd's annual revenue?
Magic Empire Global Ltd (MEGL) reported $1.6M in total revenue for fiscal year 2024. This represents a -6.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Magic Empire Global Ltd's revenue growing?
Magic Empire Global Ltd (MEGL) revenue declined by 6.8% year-over-year, from $1.8M to $1.6M in fiscal year 2024.
Is Magic Empire Global Ltd profitable?
No, Magic Empire Global Ltd (MEGL) reported a net income of -$609K in fiscal year 2024, with a net profit margin of -37.0%.
What is Magic Empire Global Ltd's earnings per share (EPS)?
Magic Empire Global Ltd (MEGL) reported diluted earnings per share of $-0.12 for fiscal year 2024. This represents a -3900.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Magic Empire Global Ltd's EBITDA?
Magic Empire Global Ltd (MEGL) had EBITDA of -$1.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Magic Empire Global Ltd's operating margin?
Magic Empire Global Ltd (MEGL) had an operating margin of -80.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Magic Empire Global Ltd's net profit margin?
Magic Empire Global Ltd (MEGL) had a net profit margin of -37.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Magic Empire Global Ltd's operating cash flow?
Magic Empire Global Ltd (MEGL) generated -$599K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Magic Empire Global Ltd's total assets?
Magic Empire Global Ltd (MEGL) had $17.5M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Magic Empire Global Ltd have outstanding?
Magic Empire Global Ltd (MEGL) had 20M shares outstanding as of fiscal year 2024.
What is Magic Empire Global Ltd's current ratio?
Magic Empire Global Ltd (MEGL) had a current ratio of 36.89 as of fiscal year 2024, which is generally considered healthy.
What is Magic Empire Global Ltd's debt-to-equity ratio?
Magic Empire Global Ltd (MEGL) had a debt-to-equity ratio of 0.05 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Magic Empire Global Ltd's return on assets (ROA)?
Magic Empire Global Ltd (MEGL) had a return on assets of -3.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Magic Empire Global Ltd's cash runway?
Based on fiscal year 2024 data, Magic Empire Global Ltd (MEGL) had $16.4M in cash against an annual operating cash burn of $599K. This gives an estimated cash runway of approximately 329 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.
What is Magic Empire Global Ltd's Piotroski F-Score?
Magic Empire Global Ltd (MEGL) has a Piotroski F-Score of 3 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 Magic Empire Global Ltd's earnings high quality?
Magic Empire Global Ltd (MEGL) has an earnings quality ratio of 0.98x, 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.
How financially healthy is Magic Empire Global Ltd?
Magic Empire Global Ltd (MEGL) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.