The company maintains a robust liquidity position with a current ratio of 6.90 and minimal debt, though $18.2 million in goodwill suggests potential valuation sensitivity.
| Total Current Assets | 314M | 366.58M | 305.57M | 306.87M | 183.84M | 153.54M | 103.12M | 60.48M | 526.89K | 25.55M |
| Cash & Short-Term Investments | 186.38M | 242.08M | 197.66M | 194.53M | 70.48M | 77.3M | 19.46M | 6.92M | 406.99K | 5.19M |
| Cash Only | 186.09M | 242.08M | 197.66M | 194.23M | 70.48M | 77.3M | 17.73M | 6.92M | 406.99K | 5.19M |
| Short-Term Investments | 291K | 0 | 0 | 298K | 0 | 0 | 1.73M | 0 | 0 | 0 |
| Accounts Receivable | 79.82M | 79.68M | 77.07M | 81.17M | 98.03M | 63.13M | 81.11M | 51.06M | 35.55M | 6.92M |
| Days Sales Outstanding | 95.85 | 195.41 | 191.12 | 194.5 | 227.8 | 150.6 | 239.21 | 283.34 | 224.47 | 76.04 |
| Inventory | -47.76M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | -21.81 | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 47.8M | 44.82M | 38K | 31.18M | 15.33M | 0 | 0 | 2.45M | -35.55M | 584K |
| Total Non-Current Assets | 19.24M | 35.11M | 41.02M | 20.76M | 22.12M | 41.63M | 40.28M | 19.23M | 251.89M | 6.18M |
| Property, Plant & Equipment | 447K | 278K | 404K | 462K | 910K | 1.54M | 1.94M | 2.36M | 0 | 730K |
| Fixed Asset Turnover | 491.54x | 535.38x | 364.35x | 329.71x | 172.61x | 99.36x | 63.80x | 27.90x | - | 45.53x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 18.18M | 34.73M | 40.53M | 20.25M | 20.3M | 16.72M | 15.63M | 14.68M | 0 | 0 |
| Long-Term Investments | -38.73M | 0 | 0 | -20.55M | 0 | 0 | 0 | 257.52M | 251.89M | 0 |
| Other Non-Current Assets | 18.19M | 94K | 16K | 20.55M | 808K | 23.32M | 21.95M | -255.86M | -18K | 4.64M |
| Total Assets | 333.24M | 401.69M | 346.59M | 327.63M | 205.96M | 195.17M | 143.4M | 79.71M | 252.41M | 31.73M |
| Asset Turnover | 1.10x | 0.37x | 0.42x | 0.46x | 0.76x | 0.78x | 0.86x | 0.83x | 0.23x | 1.05x |
| Asset Growth % | 84.21% | 15.9% | 5.79% | 59.07% | 5.53% | 36.11% | 79.9% | -68.42% | 695.5% | - |
| Total Current Liabilities | 45.48M | 31.79M | 39.9M | 46.22M | 32.9M | 34.56M | 35.36M | 15.74M | 21.25M | 19.99M |
| Accounts Payable | 2.67M | 2.74M | 2.04M | 9.6M | 6.41M | 12.88M | 7.89M | 4.55M | 806K | 25K |
| Days Payables Outstanding | 25.58 | 23.18 | 18.89 | 88.59 | 57.61 | 134.51 | 74.81 | 52.01 | 7.88 | 0.47 |
| Short-Term Debt | 6.88M | 9.31M | 9.59M | 4.22M | 4.42M | 5M | 7.79M | 2.87M | 13.64M | 1.99M |
| Deferred Revenue (Current) | 529K | 1K | 27K | 130K | 147K | 536K | 609K | 610K | 245K | 996K |
| Other Current Liabilities | 144K | 17.02M | 24.58M | 30.71M | 0 | 15.52M | 17.9M | 6.92M | 0 | 0 |
| Current Ratio | 6.90x | 11.53x | 7.66x | 6.64x | 5.59x | 4.44x | 2.92x | 3.84x | 0.02x | 1.28x |
| Quick Ratio | 7.96x | 11.53x | 7.66x | 6.64x | 5.59x | 4.44x | 2.92x | 3.84x | 0.02x | 1.28x |
| Cash Conversion Cycle | 48.46 | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.62M | 134K | 1.62M | 1.41M | 557K | 1.15M | 3.59M | 1.72M | 9.03M | 0 |
| Long-Term Debt | 1.38M | 0 | 1.37M | 1.41M | 0 | 0 | 1.37M | 0 | 0 | 0 |
| Capital Lease Obligations | 903K | 134K | 250K | 0 | 471K | 1.13M | 1.39M | 1.72M | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 86K | 24K | 833K | 0 | 9.03M | 0 |
| Total Liabilities | 47.09M | 31.92M | 41.52M | 47.63M | 33.46M | 35.71M | 38.95M | 17.45M | 23.79K | 19.99M |
| Total Debt | 8.64M | 9.45M | 11.32M | 5.95M | 5.1M | 6.42M | 10.93M | 4.9M | 13.64M | 1.99M |
| Net Debt | -177.74M | -232.63M | -186.34M | -188.27M | -65.38M | -70.89M | -6.8M | -2.02M | -406.99K | -3.2M |
| Debt / Equity | 0.03x | 0.03x | 0.04x | 0.02x | 0.03x | 0.04x | 0.10x | 0.08x | 0.05x | 0.17x |
| Debt / EBITDA | 0.14x | 0.28x | 0.38x | 0.18x | 0.17x | 0.17x | 0.32x | 0.18x | 8.47x | 0.19x |
| Net Debt / EBITDA | -2.84x | -6.99x | -6.34x | -5.69x | -2.17x | -1.83x | -0.20x | -0.07x | -0.25x | -0.31x |
| Interest Coverage | 942.39x | - | - | - | 287.38x | 71.81x | 180.55x | 91.15x | 3.24x | 228.31x |
| Total Equity | 286.15M | 369.77M | 305.07M | 280.01M | 172.5M | 159.46M | 104.45M | 62.26M | 252.39M | 11.74M |
| Equity Growth % | 85.21% | 21.21% | 8.95% | 62.32% | 8.18% | 52.67% | 67.77% | -75.33% | 2050.37% | - |
| Book Value per Share | 1422.37 | 347.38 | 1477.02 | 1620.88 | 1266.10 | 1219.50 | 883.26 | 669.65 | 4051.65 | 117.92 |
| Total Shareholders' Equity | 286.07M | 369.68M | 304.99M | 279.93M | 172.43M | 158.91M | 103.98M | 61.78M | 252.39M | 11.74M |
| Common Stock | 10K | 234K | 10K | 10K | 7K | 7K | 6K | 4K | 247.39M | 20K |
| Retained Earnings | 193.58M | 232.75M | 207.13M | 181.16M | 150.69M | 123.98M | 89.27M | 49.55M | 1.61M | 10.68M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -14.31M | -1.03M | -15.63M | -7.46M | -5.27M | 9.29M | 5.54M | -1.15M | 0 | 789K |
| Minority Interest | 77K | 85K | 77K | 78K | 75K | 553K | 471K | 475K | 0 | 0 |
Regulatory and Execution Uncertainty
According to recent financial statements, CHR's total assets have grown to $333.2 million as of 2024Q2, yet this expansion appears disconnected from operational growth, suggesting that the company is accumulating assets without achieving a corresponding improvement in the underlying quality or velocity of its business trajectory.
The increase in total assets over the last several quarters appears driven by cash accumulation rather than productive capital investment. This trend suggests that management is struggling to deploy capital effectively into its digital ecosystem, potentially signaling a plateau in the company's strategic pivot.
Based on reported figures, CHR maintains a current ratio of 6.90, reflecting a highly liquid position with $186.1 million in cash, which provides a significant buffer against short-term shocks but raises questions regarding the efficiency of capital allocation within the company's current digital-first business model.
While the liquidity position is objectively strong, the lack of deployment into high-growth initiatives suggests that this cash may be underutilized. Investors should monitor whether this liquidity is truly unencumbered or if it is being held to offset potential volatility in the company's newer, less-proven digital ventures.
As reported in quarterly filings, CHR's equity base has reached $286.1 million, yet the reliance on retained earnings without meaningful share repurchases suggests that the company's capital structure is not currently optimized to provide direct value to shareholders despite the absence of significant debt obligations.
The growth in equity appears to be a function of historical earnings retention rather than active capital management. This warrants further investigation into whether the company's internal accounting for digital assets and intangibles is inflating the book value of equity beyond its realizable market worth.
Based on an analysis of the balance sheet, the presence of $18.2 million in goodwill alongside minimal net PPE of $447,000 suggests that the company's valuation is heavily reliant on intangible assets, which may be subject to impairment if the CHEERS app fails to gain traction.
The minimal investment in physical infrastructure highlights the company's asset-light model, but it also exposes the balance sheet to significant impairment risk if the intangible assets are not supported by consistent user growth. This reliance on non-physical assets makes the company's book value potentially misleading in a downside scenario.
Quick answers to the most common questions about buying CHR stock.
As of 2025, Cheer Holding, Inc. (CHR) had total assets of $401.7M including $366.6M in current assets.
Cheer Holding, Inc. (CHR) carries total debt of $9.4M, offset by $242.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Cheer Holding, Inc. (CHR) has total shareholders' equity (book value) of $369.7M ($347.38 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Cheer Holding, Inc. (CHR) reported a current ratio of 11.53x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.