The company's financial position appears vulnerable, with shareholders' equity plummeting from $69.3 million in 2023Q1 to $9.7 million in 2025Q2, alongside a debt-to-equity ratio of 1.17.
| Total Current Assets | 36.57M | 40.27M | 48.54M | 52.13M | 35.17M | 17.21M |
| Cash & Short-Term Investments | 6.28M | 15.33M | 13.33M | 5.77M | 6.72M | 4.31M |
| Cash Only | 6.28M | 15.33M | 13.33M | 5.77M | 6.72M | 4.31M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 16.17M | 16.9M | 15.7M | 24.48M | 10.41M | 5.29M |
| Days Sales Outstanding | 52.95 | 47.83 | 38.46 | 61.52 | 32.4 | 27.1 |
| Inventory | 9.33M | 6.61M | 17.43M | 19.97M | 9.98M | 6.86M |
| Days Inventory Outstanding | 30 | 20.61 | 56.8 | 64.68 | 40.08 | 43.99 |
| Other Current Assets | 359.93K | 246.19K | 98.5K | 376.11K | 627.44K | 646.32K |
| Total Non-Current Assets | 2.09M | 7.36M | 6.37M | 2.49M | 1.4M | 338.16K |
| Property, Plant & Equipment | 127.46K | 1.56M | 2.36M | 549.01K | 276.15K | 220.97K |
| Fixed Asset Turnover | 133.49x | 82.49x | 63.21x | 264.58x | 424.84x | 322.57x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 732.77K | 1.19M | 1.26M | 686.38K | 407.96K | 117.2K |
| Total Assets | 38.65M | 47.63M | 54.91M | 54.62M | 36.57M | 17.55M |
| Asset Turnover | 2.62x | 2.71x | 2.71x | 2.66x | 3.21x | 4.06x |
| Asset Growth % | -74.4% | -13.25% | 0.52% | 49.38% | 108.39% | - |
| Total Current Liabilities | 25.41M | 17.42M | 15.65M | 30.72M | 27.53M | 9.81M |
| Accounts Payable | 2.15M | 2.58M | 3.65M | 916.88K | 3.24M | 291.78K |
| Days Payables Outstanding | 8.71 | 8.03 | 11.89 | 2.97 | 12.99 | 1.87 |
| Short-Term Debt | 9.09M | 7.97M | 2.88M | 15.69M | 3.56M | 3.32M |
| Deferred Revenue (Current) | 2.79M | 205.63K | 239.07K | 219.43K | 2.02M | 138.14K |
| Other Current Liabilities | 0 | 3.3M | 3.23M | 11.36M | 18.72M | 6.06M |
| Current Ratio | 1.44x | 2.31x | 3.10x | 1.70x | 1.28x | 1.75x |
| Quick Ratio | 1.07x | 1.93x | 1.99x | 1.05x | 0.91x | 1.06x |
| Cash Conversion Cycle | 74.24 | 60.42 | 83.37 | 123.23 | 59.49 | 69.21 |
| Total Non-Current Liabilities | 3.58M | 23.12M | 27.84M | 21.51M | 0 | 0 |
| Long-Term Debt | 2.18M | 2.18M | 10.66M | 0 | 0 | 0 |
| Capital Lease Obligations | 428.97K | 214.49K | 1M | 19.39K | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.4M | 20.73M | 16.18M | 21.49M | 0 | 0 |
| Total Liabilities | 29M | 40.54M | 43.49M | 49.09M | 27.53M | 9.81M |
| Total Debt | 11.27M | 11.14M | 15.31M | 16M | 3.56M | 3.32M |
| Net Debt | 4.99M | -4.19M | 1.98M | 10.23M | -3.16M | -988.47K |
| Debt / Equity | 1.17x | 1.57x | 1.34x | 2.89x | 0.39x | 0.43x |
| Debt / EBITDA | 12.48x | - | 1.08x | 1.52x | 0.32x | 0.50x |
| Net Debt / EBITDA | 5.52x | - | 0.14x | 0.97x | -0.28x | -0.15x |
| Interest Coverage | - | -22.79x | 14.88x | 16.30x | 13.77x | 23.19x |
| Total Equity | 9.66M | 7.09M | 11.42M | 5.53M | 9.03M | 7.74M |
| Equity Growth % | 161.53% | -37.88% | 106.38% | -38.77% | 16.73% | - |
| Book Value per Share | 0.20 | 0.17 | 0.29 | 0.15 | 0.24 | 0.18 |
| Total Shareholders' Equity | 9.66M | 7.09M | 11.42M | 5.53M | 9.03M | 7.74M |
| Common Stock | 4.94K | 4.94K | 4.21K | 3.83K | 105 | 105 |
| Retained Earnings | 5.6M | 2.04M | 9.46M | 7.54K | 8.46M | 6.82M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -834.3K | 154.1K | 193.56K | 18.52K | -291.74K | 50.44K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory and liquidity erosion
According to the latest quarterly filings, Able View's total assets have shrunk from $71.7 million in 2023Q1 to $38.7 million by 2025Q2, reflecting a persistent erosion of the company's resource base as it struggles to maintain its market position in the competitive Chinese e-commerce landscape.
The consistent decline in total assets suggests that the company is failing to replace its capital base, likely due to ongoing operational losses and the liquidation of inventory. This downward trajectory warrants caution, as it indicates a shrinking business footprint rather than a strategic pivot toward a more efficient model.
Based on reported financial statements, Able View's debt-to-equity ratio has fluctuated significantly, reaching 1.17 in 2025Q2, which suggests that despite a relatively modest absolute debt load of $11.3 million, the company's thin equity base leaves it highly sensitive to even minor shocks in working capital.
While the debt levels appear manageable in isolation, the reliance on debt to fund operations during periods of negative cash flow is concerning. Investors should monitor whether this leverage is being used to bridge temporary gaps or if it represents a structural necessity for a business model that is currently failing to generate internal cash.
As indicated by recent balance sheet data, the company's cash position has declined from $15.3 million in 2024Q4 to $6.3 million in 2025Q2, signaling a rapid consumption of liquid reserves that may limit the firm's ability to navigate future operational volatility.
The current ratio of 1.44 provides a superficial sense of security, but the rapid cash burn suggests that the company's liquidity is highly dependent on the velocity of inventory turnover. If the company cannot improve its sales conversion, the current cash runway may prove insufficient to sustain operations through the next fiscal cycle.
Based on the provided quarterly figures, shareholders' equity has plummeted from $69.3 million in 2023Q1 to $9.7 million in 2025Q2, a trend that highlights significant value destruction and the potential for future dilution if the company seeks to recapitalize its balance sheet.
The sharp decline in retained earnings suggests that the company has been unable to retain value from its operations, effectively consuming its own capital base. This erosion of equity is a critical red flag that suggests the current business model is not creating long-term value for shareholders.
Financial disclosures indicate that the company's reliance on a principal-based distribution model creates significant inventory risk, as the absence of goodwill and minimal PPE suggest that the firm's value is tied almost entirely to volatile, short-lived inventory assets that are subject to rapid obsolescence.
The lack of tangible assets or intellectual property on the balance sheet means that any disruption in the beauty and personal care market could lead to immediate and severe write-downs. Investors should be wary that the headline balance sheet figures may overstate the company's true net asset value in a liquidation scenario.
Quick answers to the most common questions about buying ABLV stock.
As of 2024, Able View Inc. (ABLV) had total assets of $47.6M including $40.3M in current assets.
Able View Inc. (ABLV) carries total debt of $11.1M, offset by $15.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Able View Inc. (ABLV) has total shareholders' equity (book value) of $7.1M ($0.17 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Able View Inc. (ABLV) reported a current ratio of 2.31x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.