The company maintains a healthy capital structure with zero debt and a strong liquidity position, evidenced by a current ratio that improved from 1.32 in 2023Q4 to 5.02 in 2025Q2.
| Total Current Assets | 115.93M | 110.53M | 108.7M | 98.52M |
| Cash & Short-Term Investments | - | - | - | - |
| Cash Only | - | - | - | - |
| Short-Term Investments | - | - | - | - |
| Accounts Receivable | - | - | - | - |
| Days Sales Outstanding | - | - | - | - |
| Inventory | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 1.35M | 56.3M | 55.61M | 62.14M |
| Total Non-Current Assets | 105K | 1.6M | 3.75M | 3.75M |
| Property, Plant & Equipment | 0 | 764K | 1.6M | 3.3M |
| Fixed Asset Turnover | 195.11x | 70.36x | 20.57x | 11.61x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 20K | 10K | 10K | 0 |
| Other Non-Current Assets | - | - | - | - |
| Total Assets | 116.03M | 110.3M | 102.27M | 102.27M |
| Asset Turnover | 0.90x | 0.49x | 0.32x | 0.37x |
| Asset Growth % | 5.91% | 7.85% | 0% | - |
| Total Current Liabilities | 23.08M | 73.78M | 82.14M | 82.7M |
| Accounts Payable | 13.45M | 55.83M | 61.67M | 63.55M |
| Days Payables Outstanding | - | - | - | - |
| Short-Term Debt | 0 | 150K | 150K | 350K |
| Deferred Revenue (Current) | 0 | - | - | - |
| Other Current Liabilities | 4.71M | -843K | 0 | 0 |
| Current Ratio | 5.02x | 1.50x | 1.32x | 1.19x |
| Quick Ratio | 5.02x | 1.50x | 1.32x | 1.19x |
| Cash Conversion Cycle | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 843K | 843K |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - |
| Other Non-Current Liabilities | - | - | - | - |
| Total Liabilities | 23.08M | 82.14M | 83.54M | 83.54M |
| Total Debt | 0 | 993K | 993K | 2.18M |
| Net Debt | -22.99M | -3.29M | -7.58M | -6.74M |
| Debt / Equity | 0.00x | 0.04x | 0.05x | 0.12x |
| Debt / EBITDA | 0.00x | 0.06x | 0.07x | 0.08x |
| Net Debt / EBITDA | -0.66x | -0.21x | -0.52x | -0.25x |
| Interest Coverage | 38.16x | 21.24x | 18.00x | 8.85x |
| Total Equity | 92.95M | 28.16M | 18.73M | 18.73M |
| Equity Growth % | 212.56% | 50.38% | 0% | - |
| Book Value per Share | 3.64 | 1.17 | 0.78 | 0.74 |
| Total Shareholders' Equity | 92.95M | 28.16M | 18.73M | 18.73M |
| Common Stock | 20K | 19 | 19 | 19K |
| Retained Earnings | 31.44M | 4.57M | -4.64M | -4.64M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 23.93M | 23.83M | 23.57M | 23.35M |
| Minority Interest | 0 | 0 | 0 | 0 |
Inventory Liquidity and Valuation
As reported in financial statements, BMHL's equity base grew from $28.2M in 2023Q4 to $92.9M by 2025Q2, reflecting a significant strengthening of the balance sheet structure despite the underlying volatility inherent in the firm's transition toward a more inventory-intensive luxury asset trading business model.
The substantial increase in equity suggests that the firm is successfully retaining earnings to bolster its capital base, which provides a necessary buffer against the cyclical nature of its trading segments. However, investors should monitor whether this growth in net assets is sustainable or if it remains overly dependent on the valuation of non-liquid luxury inventory.
Based on recent SEC filings, BMHL's current ratio improved to 5.02 in 2025Q2 from 1.32 in 2023Q4, indicating a significant increase in short-term liquidity that appears to provide a robust cushion against the firm's recent, massive working capital outflows related to luxury timepiece procurement.
While the headline current ratio appears strong, the composition of these current assets warrants further investigation to ensure they are not overly concentrated in slow-moving inventory. The rapid accumulation of cash to $23.0M suggests management is prioritizing liquidity to navigate market uncertainty, though this may come at the expense of capital efficiency.
According to the company's balance sheet data, retained earnings have surged from $4.6M in 2023Q4 to $31.4M in 2025Q2, signaling that the firm is effectively reinvesting its profits to scale operations without relying on external equity dilution or significant debt financing to fund its growth.
This reliance on internal capital generation suggests a disciplined approach to funding, which is critical given the high-velocity nature of the luxury trading business. Investors should remain cautious, however, as the quality of these retained earnings is intrinsically linked to the accuracy of inventory valuations and the timing of revenue recognition.
As indicated by the latest quarterly data, the complete absence of reported PPE and goodwill on the balance sheet suggests an asset-light model that may be misleading, as it likely obscures the significant capital tied up in luxury inventory that is not explicitly categorized as fixed assets.
The lack of physical infrastructure on the balance sheet implies that the firm's primary operational risk is concentrated in the market value of its trading inventory rather than long-term capital assets. This structure warrants further investigation into how the firm accounts for potential impairment in its luxury timepiece holdings during periods of secondary market price softening.
Quick answers to the most common questions about buying BMHL stock.
As of 2024, Bluemount Holdings Limited (BMHL) had total assets of $110.3M including $110.5M in current assets.
Bluemount Holdings Limited (BMHL) carries total debt of $1.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Bluemount Holdings Limited (BMHL) has total shareholders' equity (book value) of $28.2M ($1.17 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Bluemount Holdings Limited (BMHL) reported a current ratio of 1.50x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.