The company maintains an extreme liquidity buffer with a current ratio of 44.34, yet this is offset by a deteriorating equity quality reflected in negative retained earnings of $6.0 million as of 2026Q1.
| Total Current Assets | 37.98M | 29.08M | 1.13M | 991.39K | 781.73K | 758.57K |
| Cash & Short-Term Investments | 37.57M | 28.67M | 463.92K | 646.29K | 693.15K | 689.26K |
| Cash Only | 17.52M | 28.67M | 457.14K | 646.29K | 693.15K | 689.26K |
| Short-Term Investments | 20.05M | 0 | 6.78K | 0 | 0 | 0 |
| Accounts Receivable | 41.94K | 44.75K | 20.78K | 36.3K | 29.22K | 36.42K |
| Days Sales Outstanding | 3.95 | 5.51 | 2.3 | 3.73 | 3.54 | 5.52 |
| Inventory | 32.97K | 34.41K | 55.82K | 55.7K | 59.36K | 25.62K |
| Days Inventory Outstanding | 2.06 | 2.42 | 8.73 | 13.63 | 12.06 | 5.96 |
| Other Current Assets | 125 | 20.12K | 584.76K | 253.09K | 0 | 7.28K |
| Total Non-Current Assets | 5.13M | 5.67M | 4.09M | 3.76M | 3.73M | 3.71M |
| Property, Plant & Equipment | 4.77M | 4.87M | 3.86M | 3.52M | 3.66M | 3.54M |
| Fixed Asset Turnover | 0.68x | 0.61x | 0.85x | 1.01x | 0.82x | 0.68x |
| 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 | 143.75K | 488.82K | 227.15K | 0 | 0 | 173.34K |
| Total Assets | 43.11M | 34.75M | 5.21M | 4.75M | 4.51M | 4.47M |
| Asset Turnover | 0.10x | 0.09x | 0.63x | 0.75x | 0.67x | 0.54x |
| Asset Growth % | 1516.5% | 566.77% | 9.74% | 5.19% | 0.94% | - |
| Total Current Liabilities | 856.51K | 1.29M | 3.4M | 2.66M | 2.68M | 3.08M |
| Accounts Payable | 230.1K | 240.4K | 230.84K | 329.65K | 168.82K | 241K |
| Days Payables Outstanding | 14.07 | 16.89 | 36.11 | 80.66 | 34.3 | 56.03 |
| Short-Term Debt | 299.5K | 0 | 2.33M | 135.97K | 67.68K | 2.56M |
| Deferred Revenue (Current) | 591.52K | 145.98K | 0 | 158.43K | 19.46K | 0 |
| Other Current Liabilities | 135.68K | 6.06K | 162.23K | 0 | 0 | 18.83K |
| Current Ratio | 44.34x | 22.48x | 0.33x | 0.37x | 0.29x | 0.25x |
| Quick Ratio | 44.30x | 22.45x | 0.31x | 0.35x | 0.27x | 0.24x |
| Cash Conversion Cycle | -8.06 | -8.96 | -25.08 | -63.3 | -18.69 | -44.56 |
| Total Non-Current Liabilities | 686.26K | 742.32K | 738.92K | 838.52K | 978.19K | 851.45K |
| Long-Term Debt | 0 | 0 | 98.37K | 649.35K | 594.03K | 499.65K |
| Capital Lease Obligations | 2.32M | 691.52K | 580.43K | 141.02K | 363.3K | 351.8K |
| Deferred Tax Liabilities | 209.24K | 50.8K | 0 | 48.16K | 20.86K | 0 |
| Other Non-Current Liabilities | 0 | 0 | 60.11K | 0 | 0 | 0 |
| Total Liabilities | 1.54M | 2.04M | 4.14M | 3.5M | 3.65M | 3.93M |
| Total Debt | 938.16K | 933.78K | 3.2M | 1.15M | 1.24M | 3.57M |
| Net Debt | -16.58M | -27.73M | 2.75M | 502.32K | 547.08K | 2.88M |
| Debt / Equity | 0.02x | 0.03x | 3.00x | 0.92x | 1.44x | 6.60x |
| Debt / EBITDA | -0.16x | - | 167.93x | 2.69x | 1.96x | 9.96x |
| Net Debt / EBITDA | 2.74x | - | 143.97x | 1.18x | 0.87x | 8.03x |
| Interest Coverage | -627.70x | -838.11x | -7.12x | 9.25x | 12.94x | 10.25x |
| Total Equity | 41.57M | 32.72M | 1.07M | 1.25M | 860.51K | 540.19K |
| Equity Growth % | 6352.75% | 2959.03% | -14.21% | 44.87% | 59.3% | - |
| Book Value per Share | 3.00 | 2.36 | 0.10 | 0.09 | 0.08 | 0.05 |
| Total Shareholders' Equity | 41.57M | 32.72M | 1.07M | 1.25M | 860.51K | 540.19K |
| Common Stock | 20.2K | 15.27K | 10.88K | 10.88K | 10.88K | 5.44K |
| Retained Earnings | -5.96M | -4.7M | -1.02M | -838.54K | -1.22M | -1.54M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | -11.63K | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Operational viability and scale
According to recent balance sheet filings, AGH's total assets expanded from $5.2 million in 2024Q4 to $43.1 million by 2026Q1, a shift primarily driven by a massive influx of cash that obscures the underlying contraction in the company's core leisure and aquatic golf range business operations.
The dramatic increase in total assets appears to be a result of external capital injection rather than organic growth, as the company's revenue base remains stagnant or declining. This disconnect suggests that the balance sheet is currently functioning as a holding vehicle for cash rather than a reflection of a scaling leisure enterprise.
As reported in financial statements, AGH maintains a current ratio of 44.34 as of 2026Q1, a figure that highlights an extreme liquidity buffer relative to the company's minimal operational liabilities and suggests that the firm is currently operating with significant idle capital that remains unproductively deployed.
While a current ratio of this magnitude provides an immense safety net against short-term shocks, it also raises questions regarding management's capital allocation efficiency. Investors should monitor whether this liquidity is intended for a strategic pivot or if it will continue to be eroded by persistent operational losses.
Based on the reported figures, AGH maintains a negligible debt-to-equity ratio of 0.02 as of 2026Q1, indicating that the company has avoided traditional debt financing despite the significant capital requirements associated with maintaining its specialized aquatic golf facilities and clubhouse infrastructure throughout the recent fiscal periods.
The lack of leverage suggests that the company is currently insulated from interest rate volatility, which is a rare positive in the current macro environment. However, the reliance on equity-funded operations in the face of negative gross margins warrants further investigation into the long-term sustainability of this funding model.
As indicated by the company's quarterly balance sheets, retained earnings have deteriorated to a negative $6.0 million by 2026Q1, reflecting a consistent pattern of value destruction that has significantly offset the capital contributions made to the firm over the past ten quarters of reported financial activity.
The persistent erosion of retained earnings confirms that the core business model is failing to generate the returns necessary to sustain its own equity base. This trend suggests that the company's book value is being supported by external capital rather than internal value creation, which may limit future shareholder returns.
Quick answers to the most common questions about buying AGH stock.
As of 2025, Aureus Greenway Holdings Inc. (AGH) had total assets of $34.8M including $29.1M in current assets.
Aureus Greenway Holdings Inc. (AGH) carries total debt of $0.9M, offset by $28.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Aureus Greenway Holdings Inc. (AGH) has total shareholders' equity (book value) of $32.7M ($2.36 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Aureus Greenway Holdings Inc. (AGH) reported a current ratio of 22.48x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.