Intercont (Cayman) Ltd
NCT · Deep Sea Foreign Transportation of Freight · EDGAR filings ↗
Grade
C59Modestly profitable HK/Cayman shipping holding company with decent returns but a going-concern flag and severe liquidity weakness.
Strengths
- ROIC 14.8% (85th pct) and ROE 12.5% (70th pct) with FCF margin in the 84th pct
- Low leverage (debt/equity 0.05, 10th pct) and positive net income
Risks
- Auditor going-concern emphasis dependent on primary-shareholder support; dilutive prepaid/equity-line financings
- Current and quick ratios of 0.54 (4.5th pct) plus HFCAA delisting and Hong Kong/PRC governance risk
Notable findings
- Going concernHeld below the B/70 baseline because the going-concern paragraph, dilutive financing and bottom-decile liquidity offset otherwise solid returns
- Weak liquidityCurrent ratio 0.54 (<1)
Key metrics
Return on equity
12.5%
Return on assets
4.4%
ROIC
14.8%
Net-income growth
-1.1%
Debt / equity
0.1×
Current ratio
0.5×
Free cash flow
$6M
EBITDA
$9M
Tangible book value
$25M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2025-10-30 | 2025-06-30 | 0001213900-25-104020 ↗ |