Is GRAB going bankrupt?

**Grab Holdings has a moderate risk of bankruptcy, but the probability is not high.** Here's a detailed analysis:

1. **Financial Performance**:
- Grab reported a net loss of $115 million and a diluted EPS of -$0.03 for the latest quarter ending March 31, 2024.
- The company's net income has been negative in the most recent financial year, with a loss of $294 million, indicating an ongoing trend of losses.

|Ticker|Name|Total Revenue|Net Income|Diluted EPS|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|GRAB.O|Grab Holdings|6.53E8|-1.15E8|-0.03|2024 Q1|GRAB|186|

2. **Revenue and Gross Profit Margin**: Grab's revenue for the quarter was $653 million, with a gross profit margin of -27.3%. This indicates that the company's expenses are significantly higher than its revenue, which is not a sustainable situation in the long term.
3. **Profitability Indicators**:
- Grab's profitability indicators suggest a high risk of underperformance. The company's price-to-sales ratio is projected to increase, and its earnings yield is negative.
- The company's income tax expense is expected to grow, which could further strain its financial health.
4. **Debt and Liquidity**:
- Grab has a high debt-to-equity ratio, which indicates a reliance on debt financing.
- The company has more cash than debt, which is a positive sign, but it is not enough to cover the potential short-term liquidity issues.
5. **Competition and Market Conditions**:
- Grab faces significant competition in the ride-hailing market, which could affect its market share and profitability.
- The company's growth prospects are limited by the maturity of the market and the presence of established players.
6. **Analyst Projections**:
- Analysts expect Grab to breakeven in 2025, which is a positive sign, but it assumes significant growth in the coming years.
- The company's current financial performance and market conditions suggest that it will face challenges in achieving such a turnaround.

In conclusion, while Grab Holdings is not in an immediate danger of bankruptcy, its current financial performance and market conditions indicate a moderate risk. The company must address its profitability issues and find ways to reduce costs and increase revenue to improve its financial health.