$Life Time (LTH.US)$In 2021, revenue increased by 39% in the...
$Life Time(LTH.US$In 2021, revenue increased by 39% in the year of listing, but operating profit increased to 500 million due to a sharp rise in management expenses. In 2022, revenue continued to grow rapidly by 38% to 1.82 billion, operating expenses returned to normal levels, and operating profit reached 110 million. However, since interest expenses continued to exceed 100 million, net profit loss narrowed sharply, but it was still not profitable.
Goodwill and other intangible assets on the balance sheet were $1.41 billion, accounting for 2/3 of net assets of $2.124 billion. Long-term loans of $1.81 billion, accounting for 85% of net assets, the leverage ratio is not that low.
The liquidity of assets is very poor. Of the total assets of 6.63 billion, there are only 130 million current assets. Currently, the liquidity ratio has dropped to 0.3 million. The risk is very high, and there is currently no investment value.
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