Sentage Holdings Inc.
SNTG · Finance Services · EDGAR filings ↗
Grade
D47Tiny China VIE-structured payments firm with explicit going-concern doubt and negative returns.
Strengths
- Adequate near-term liquidity (current/quick ratio ~2.14)
- Net loss narrowed ~14% year over year
Risks
- Substantial-doubt going-concern flag, negative ROA -23% and ROE -29%, only $9.5M cash (32nd pct)
- VIE contractual structure untested in PRC courts plus broad China regulatory/delisting risk
Notable findings
- Going concernThere is substantial doubt about our ability to continue as a going concern
Key metrics
Return on equity
-28.9%
Return on assets
-23.1%
Current ratio
2.1×
EBITDA
-$2M
Tangible book value
$8M
Cash & investments
$10M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-30 | 2025-12-31 | 0001213900-26-050210 ↗ |
| 20-F | 2025-05-14 | 2024-12-31 | 0001213900-25-042842 ↗ |
| 20-F | 2024-04-26 | 2023-12-31 | 0001213900-24-036724 ↗ |
| 20-F | 2023-05-01 | 2022-12-31 | 0001213900-23-034793 ↗ |
| 20-F | 2022-07-18 | 2021-12-31 | 0001213900-22-040023 ↗ |