This stock is hard to figure out. $13 million mkt cap and $249...

This stock is hard to figure out. $13 million mkt cap and $249 million of rev?

"The Company continues to strengthen its balance sheet with total equity of $28.6M increasing by 4.4% on the prior comparative period
(1HY23 $27.4M). The Group held cash of $16.1M and had a working capital surplus of $14.25M as at 31 December 2023."

So selling for less than cash?? And the say nil debt.

UncleStock says some debt but amazingly good #s. WSI could buy back all their stock an last share would be worth $13 million.

Am I missing something?

Key Fundamentals

Market cap 8.66M USD 13.29M AUD Enterprise Value 9.07M USD 13.93M AUD Intrinsic Value 0.067 USD 0.10 AUD Price/ IV | P/BV ratio 1.16 0.47 Cash & ST Inv. | Total Debt 16.83M AUD 5.65M AUD CFO | OE' −5.23M AUD −7.64M AUD FCF | Uncle Stock score −4.08M USD 52% Price target | % 0.12 AUD ↗︎1% Revenue | growth 248.92M AUD ↘︎8.65% P/S ratio | EV/ Revenue 0.05 0.06 Allen EV/ EBITDA | growth 3.03 ↘︎59.15% EBIT yield | growth 16.47% ↘︎74.56% IAT | growth 254.88K AUD ↘︎95.48% Earnings yield | P/E ratio 7.42% 13.48 PEGY 0.26 CROIC | CAGR 14.31% ↗︎10.89% ROCE | CAGR 35.88% ↗︎4.60% Current Ratio | growth 1.25 ↘︎1.36% Liabilities/ Equity 209% Net Debt/ EBITDA 0.20 Analyst Reco | EPS rev. % Gross Dividend | growth 0 AUD Dividend yield | Payout ratio 0.00% 0.00%