The company maintains a conservative debt profile with a debt-to-equity ratio of 0.00, though total assets have shrunk from $417.4M in 2023Q2 to $216.7M in 2026Q2.
| Total Current Assets | 99.28M | 74.73M | 70.72M | 167.21M | 134.37M | 47.24M | 57.47M |
| Cash & Short-Term Investments | 32.28M | 32.66M | 9.99M | 31.45M | 28.17M | 8.11M | 14M |
| Cash Only | 32.28M | 32.66M | 9.99M | 31.45M | 28.17M | 8.11M | 6.6M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 7.4M |
| Accounts Receivable | 166.31K | 41.89M | 37.36M | 67.46M | 106.2M | 23.66M | 43.47M |
| Days Sales Outstanding | 132.7 | 341.09 | 234.34 | 101.69 | 87.5 | 171.57 | 406.31 |
| Inventory | 0 | 0 | 0 | 0 | 0 | -6.72M | 0 |
| Days Inventory Outstanding | 21.27 | - | - | - | - | - | - |
| Other Current Assets | 0 | 22.68K | 23.37M | 68.1M | -8.7K | 22.2M | 0 |
| Total Non-Current Assets | 117.44M | 131.89M | 202.19M | 228.5M | 194.24M | 74.14M | 19.48M |
| Property, Plant & Equipment | 67.62M | 78.09M | 113.43M | 111.87M | 55.19M | 0 | 14.08M |
| Fixed Asset Turnover | 1.20x | 0.57x | 0.51x | 2.16x | 8.03x | - | 2.77x |
| Goodwill | 22.15M | 22.17M | 29.88M | 29.88M | 29.88M | 22.15M | 0 |
| Intangible Assets | 27.67M | 31.63M | 58.87M | 86.75M | 109.17M | 46.59M | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 5.4M | 5.4M |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 216.73M | 206.62M | 272.91M | 395.7M | 328.61M | 121.38M | 76.94M |
| Asset Turnover | 0.43x | 0.22x | 0.21x | 0.61x | 1.35x | 0.41x | 0.51x |
| Asset Growth % | -70.88% | -24.29% | -31.03% | 20.42% | 170.73% | 57.75% | - |
| Total Current Liabilities | 35.32M | 9.78M | 1.58M | 25.56M | 16M | 28.12M | 39.76M |
| Accounts Payable | 4.05K | 9.23M | 300K | 7.2M | 9.04M | 2.5M | 27.34M |
| Days Payables Outstanding | 46.17 | 72.13 | 1.39 | 13.68 | 9.57 | 22.81 | 303.94 |
| Short-Term Debt | 0 | 10.96K | 0 | 0 | 0 | 0 | 12.42M |
| Deferred Revenue (Current) | 48.46M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 533.61K | 0 | 16.74M | 6.24M | 25.61M | 2.5K |
| Current Ratio | 2.81x | 7.64x | 44.63x | 6.54x | 8.40x | 1.68x | 1.45x |
| Quick Ratio | 2.81x | 7.64x | 44.63x | 6.54x | 8.40x | 1.92x | 1.45x |
| Cash Conversion Cycle | 107.81 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 6.97M | 6.47M | 7.25M | 2.73M | 18.11M | 9.28M | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 136.63K | 0 | 10.95K | 138.9K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 26.84M | 6.47M | 7.24M | 18.35M | 18.11M | 9.28M | 0 |
| Other Non-Current Liabilities | 0 | 0 | 7.24M | -15.76M | 0 | 0 | 0 |
| Total Liabilities | 42.3M | 16.25M | 8.83M | 76.87M | 34.12M | 37.4M | 39.76M |
| Total Debt | 200.94K | 10.96K | 138.9K | 260.59K | 108.07K | 0 | 12.42M |
| Net Debt | -32.08M | -32.65M | -9.85M | -31.19M | -28.06M | -8.11M | 5.83M |
| Debt / Equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | - | 0.34x |
| Debt / EBITDA | 0.01x | - | - | 0.00x | 0.00x | - | 2.02x |
| Net Debt / EBITDA | -1.71x | - | - | -0.52x | -0.27x | -0.91x | 0.95x |
| Interest Coverage | -9006.52x | -12370.65x | -6354.82x | 5170.54x | 14510.84x | - | - |
| Total Equity | 174.43M | 190.37M | 264.08M | 319.11M | 294.49M | 83.98M | 37.04M |
| Equity Growth % | 61.81% | -27.91% | -17.24% | 8.36% | 250.68% | 126.7% | - |
| Book Value per Share | 98.81 | 107.84 | 149.83 | 217.58 | 441.74 | 47.99 | - |
| Total Shareholders' Equity | 174.43M | 190.36M | 264.08M | 318.74M | 294.15M | 80.26M | 37.04M |
| Common Stock | 23.31M | 23.33M | 23.31M | 23.31M | 4.42K | 4 | 4 |
| Retained Earnings | -11.23M | 3.45M | 74.81M | 129.76M | 101.97M | 25.12M | 6.46M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 162.33M | 163.59M | 1.38M | 1.1M | 101.97M | 25.12M | 0 |
| Minority Interest | 400 | 400 | 400 | 363.67K | 342.34K | 3.72M | 0 |
Project-based revenue volatility
As reported in financial statements, ARBB's total assets have declined from a peak of $417.4M in 2023Q2 to $216.7M in 2026Q2, signaling a significant reduction in the company's operational footprint as it navigates a challenging environment for its core Malaysian smart-infrastructure and property integration projects.
The contraction in total assets suggests that the company is scaling back its capital-intensive operations in response to persistent revenue headwinds. Investors should monitor whether this reduction represents a strategic pivot toward a leaner model or a forced liquidation of assets to preserve liquidity.
Based on recent SEC filings, ARBB maintains a cash position of $32.3M against total liabilities of $42.3M, which provides a necessary buffer for the company as it continues to navigate negative operating margins and the absence of consistent, recurring revenue streams from its IoT integration business.
While the current ratio of 2.81 suggests adequate short-term liquidity, the reliance on cash reserves to fund ongoing operations is unsustainable in the long term. The company's ability to maintain this liquidity buffer will depend heavily on its success in securing new project contracts without further eroding its capital base.
According to the latest balance sheet data, ARBB holds $22.2M in goodwill and $67.6M in net PPE, indicating that a substantial portion of the company's asset base is tied to long-term infrastructure investments and historical acquisitions rather than highly liquid or easily convertible current assets.
The concentration of value in PPE and goodwill warrants caution, as these assets may be subject to impairment if the company fails to improve its project conversion rates. The lack of asset turnover efficiency suggests that the current infrastructure is not yet generating the returns required to justify its carrying value.
As reported in recent financial disclosures, ARBB's retained earnings have shifted from a positive $129.8M in 2023Q4 to a deficit of $11.2M in 2026Q2, highlighting the cumulative impact of persistent net losses on the company's overall equity quality and shareholder value preservation.
The rapid depletion of retained earnings indicates that the company's operational losses are directly eroding its equity base. This trend suggests that management's current capital allocation strategy has failed to generate sufficient returns to offset the costs of its project-based business model.
Quick answers to the most common questions about buying ARBB stock.
As of 2025, ARB IOT Group Limited (ARBB) had total assets of $206.6M including $74.7M in current assets.
ARB IOT Group Limited (ARBB) carries total debt of $0.0M, offset by $32.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
ARB IOT Group Limited (ARBB) has total shareholders' equity (book value) of $190.4M ($107.84 book value per share). Book value represents the net worth of the company belonging to common stock holders.
ARB IOT Group Limited (ARBB) reported a current ratio of 7.64x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.