The firm's financial stability is highly vulnerable, with a minimal cash reserve of $66,184 that appears insufficient to support ongoing operations.
| Metric | Dec'24 | Dec'23 | Dec'22 | Dec'21 |
|---|
| Total Current Assets | 203.87K | 648.09K | 2.52M | 4.87M |
| Cash & Short-Term Investments | 66.18K | 197.71K | 216.75K | 225.35K |
| Cash Only | 66.18K | 197.71K | 216.75K | 225.35K |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 94.04K | 354.37K | 2.2M | 4.58M |
| Days Sales Outstanding | 18.56 | 41.85 | 191.44 | 581.91 |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 630.28K | 976.39K | 1.09M | 302.62K |
| Property, Plant & Equipment | 6.04K | 120.44K | 261.23K | 71.52K |
| Fixed Asset Turnover | 306.01x | 25.66x | 16.04x | 40.18x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 624.24K | 855.95K | 825.99K | 231.1K |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 |
| Total Assets | 834.16K | 1.62M | 3.61M | 5.17M |
| Asset Turnover | 2.22x | 1.90x | 1.16x | 0.56x |
| Asset Growth % | -48.65% | -55.02% | -30.15% | - |
| Total Current Liabilities | 970.07K | 488.48K | 701.95K | 728.32K |
| Accounts Payable | 170.41K | 277.21K | 337.18K | 232.5K |
| Days Payables Outstanding | 70.14 | 72.69 | 76.5 | 84.61 |
| Short-Term Debt | 337.57K | 0 | 0 | 0 |
| Deferred Revenue (Current) | 9.02K | 37.89K | 70.84K | 79.34K |
| Other Current Liabilities | 0 | 0 | 0 | 0 |
| Current Ratio | 0.21x | 1.33x | 3.60x | 6.68x |
| Quick Ratio | 0.21x | 1.33x | 3.60x | 6.68x |
| Cash Conversion Cycle | - | - | - | - |
| Total Non-Current Liabilities | 0 | 19.15K | 32.4K | 21.2M |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 19.15K | 32.4K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 21.2M |
| Total Liabilities | 970.07K | 507.63K | 734.35K | 21.93M |
| Total Debt | 344.07K | 60.56K | 147.86K | 15.58K |
| Net Debt | 277.88K | -137.15K | -68.89K | -209.77K |
| Debt / Equity | - | 0.05x | 0.05x | - |
| Debt / EBITDA | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - |
| Interest Coverage | -1744.66x | -208.32x | -373.43x | -44.93x |
| Total Equity | -135.92K | 1.12M | 2.88M | -16.76M |
| Equity Growth % | -112.17% | -61.19% | 117.17% | - |
| Book Value per Share | -0.01 | 0.10 | 0.26 | -1.50 |
| Total Shareholders' Equity | -135.92K | 1.12M | 2.88M | -16.76M |
| Common Stock | 5.46K | 4.56K | 4.32K | 4.32K |
| Retained Earnings | -27.55M | -22.05M | -19.95M | -21.59M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 22.83M | 22.82M | 22.82M | 4.83M |
| Minority Interest | 0 | 0 | 0 | 0 |
Imminent insolvency and liquidity
According to the most recent financial disclosures, BeLive's cash position of $66,184 represents a precarious liquidity buffer that appears insufficient to support ongoing operations, especially when evaluated against the company's reported negative operating margins and the significant 40.15% year-over-year decline in top-line revenue.
The extremely low cash balance suggests that the company lacks the necessary financial cushion to absorb even minor operational shocks or delays in client payments. Investors should monitor this figure closely, as it implies that the firm may be forced to seek dilutive financing or face an immediate liquidity crisis.
As indicated by the company's financial statements, the trajectory of the balance sheet appears to be one of rapid erosion, driven by persistent operating losses that have left the firm with minimal assets to support its core software-as-a-service business model in the competitive Southeast Asian market.
The lack of asset growth alongside a shrinking revenue base suggests that the business is failing to reinvest effectively in its technology stack. This trend warrants further investigation into whether the company can maintain its infrastructure without a fundamental restructuring of its capital base.
Based on the firm's reported figures, there is a significant risk that the balance sheet obscures the true extent of cash burn through the potential capitalization of R&D costs, which may artificially inflate asset values while masking the underlying weakness of the company's operational cash flow.
If BeLive is indeed capitalizing development costs, the reported losses may understate the actual cash drain required to keep the platform functional. This accounting treatment could lead to a future impairment risk if the capitalized software fails to generate the expected economic benefits in a contracting market.
Quick answers to the most common questions about buying BLIV stock.
As of 2024, BeLive Holdings (BLIV) had total assets of $0.8M including $0.2M in current assets.
BeLive Holdings (BLIV) carries total debt of $0.3M, offset by $0.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
BeLive Holdings (BLIV) has total shareholders' equity (book value) of $-0.1M ($-0.01 book value per share). Book value represents the net worth of the company belonging to common stock holders.
BeLive Holdings (BLIV) reported a current ratio of 0.21x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.