51Talk Online Education Group (COE) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q4'20 | Q2'20 | Q1'20 | Q1'19 | Q4'16 | Q1'16 | Q4'15 |
|---|
| Total Current Assets | 60.4M | 59.25M | 49.67M | 42.01M | 40.09M | 28.6M | 26.9M | 27M | 26.57M | 25.67M | 247.61M | 176.11M | 175.13M | 142.57M | 102.65M | 36.99M | 39.45M |
| Cash & Short-Term Investments | 38.96M | 36.63M | 30.86M | 29.5M | 29.19M | 22.85M | 21.63M | 23.71M | 23.06M | 22.23M | 201.08M | 138.15M | 140.19M | 103.84M | 93.18M | 31.31M | 32.96M |
| Cash Only | 38.87M | 33.53M | 27.77M | 29.41M | 27.76M | 19.97M | 16.86M | 18.8M | 18.19M | 22.23M | 50M | 44.76M | 46.58M | 36.79M | 39.59M | 11.89M | 7.22M |
| Short-Term Investments | 93K | 3.09M | 3.09M | 90K | 1.43M | 2.88M | 4.77M | 4.91M | 4.87M | 0 | 151.08M | 93.39M | 93.61M | 67.04M | 53.59M | 19.42M | 25.74M |
| Accounts Receivable | 11.48M | 0 | 0 | 0 | 706K | 0 | 294K | 0 | 0 | 3K | 1.57M | 0 | 780.13K | 0 | 1.44M | 0 | 0 |
| Days Sales Outstanding | 34.34 | - | - | - | 3.97 | - | 4.27 | - | - | 15.59 | 1.74 | - | 4.17 | - | 7.11 | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 296.17K | 135.66K | 94.37K | 75.67K | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | 0.88 | 0.52 | 1.54 | 0.44 | - | - | - |
| Other Current Assets | 9.95M | 22.62M | 18.81M | 12.51M | 6.97M | 5.75M | 4.97M | 3.29M | 2.36M | 3.43M | 33.13M | 0 | 26.38M | 0 | 707.11K | 464.07K | 430.39K |
| Total Non-Current Assets | 5.7M | 5.62M | 3.27M | 3.48M | 3.85M | 1.2M | 1.05M | 951K | 1.07M | 1.26M | 90.59M | 77.82M | 44.95M | 14.46M | 9.04M | 6.14M | 5.46M |
| Property, Plant & Equipment | 5.21M | 5.01M | 2.69M | 2.92M | 3.25M | 721K | 698K | 705K | 794K | 885K | 18.24M | 11.53M | 11.4M | 11.35M | 5.99M | 4.31M | 3.85M |
| Fixed Asset Turnover | 6.02x | 6.84x | 7.28x | 5.92x | 8.18x | 11.03x | 8.92x | 7.41x | 6.02x | 0.48x | 5.50x | 6.07x | 6.02x | 5.50x | 3.59x | 2.73x | 2.13x |
| Goodwill | 0 | 0 | 0 | 77K | 0 | 0 | 0 | 0 | 0 | 0 | 646.38K | 595.53K | 593.93K | 629.06K | 608.17K | 653.04K | 650.51K |
| Intangible Assets | 68K | 71K | 74K | 77K | 80K | 95K | 98K | 26K | 104K | 107K | 3.11M | 1.19M | 1.23M | 1.59M | 666.64K | 526.7K | 401.74K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63.37M | 63.05M | 30.55M | 0 | 999.88K | 0 | 0 |
| Other Non-Current Assets | 341K | 481K | 444K | 433K | 460K | 383K | 255K | 220K | 169K | 236K | 3.66M | 1.46M | 1.19M | 890.18K | 772.92K | 650.26K | 558.55K |
| Total Assets | 66.09M | 64.87M | 52.94M | 45.49M | 43.94M | 29.8M | 27.95M | 27.95M | 27.63M | 26.93M | 338.2M | 253.93M | 220.09M | 157.03M | 111.69M | 43.13M | 44.91M |
| Asset Turnover | 0.47x | 0.45x | 0.41x | 0.41x | 0.44x | 0.27x | 0.22x | 0.20x | 0.19x | 0.03x | 0.28x | 0.29x | 0.36x | 0.35x | 0.24x | 0.25x | 0.18x |
| Asset Growth % | 50.41% | - | - | - | - | 10.64% | - | - | - | - | - | - | 40.15% | - | 148.69% | - | - |
| Total Current Liabilities | 95.36M | 86.61M | 70.18M | 60.16M | 56.9M | 32.18M | 26.41M | 23.03M | 20.51M | 17.78M | 461.96M | 375.77M | 353.39M | 305.98M | 120.81M | 69.17M | 56.85M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 419K | 0 | 0 | 0 | 8.15M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 76.57M | 70.71M | 56.4M | 47.89M | 45.06M | 23.69M | 20.99M | 17.72M | 15.17M | 13.17M | 416.14M | 339.66M | 317.67M | 263.75M | 94.1M | 51.52M | 40.73M |
| Other Current Liabilities | 3.84M | 0 | 0 | 0 | 411K | 0 | 0 | 0 | 96K | 4.03M | 3.09M | 0 | 2M | 0 | 729.14K | 107.32K | 175.3K |
| Current Ratio | 0.63x | 0.68x | 0.71x | 0.70x | 0.70x | 0.89x | 1.02x | 1.17x | 1.30x | 1.44x | 0.54x | 0.47x | 0.50x | 0.47x | 0.85x | 0.53x | 0.69x |
| Quick Ratio | 0.63x | 0.68x | 0.71x | 0.70x | 0.70x | 0.89x | 1.02x | 1.17x | 1.30x | 1.44x | 0.54x | 0.47x | 0.50x | 0.47x | 0.85x | 0.53x | 0.69x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.99M | 2.07M | 1.2M | 1.48M | 1.75M | 228K | 322K | 458K | 547K | 601K | 8.93M | 4.52M | 4.57M | 4.14M | 5.16M | 2.5M | 1.36M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 1.18M | 1.74M | 869K | 1.16M | 1.44M | 46K | 146K | 204K | 307K | 399K | 8.2M | 3.82M | 3.78M | 2.57M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 452K | 0 | 0 | 0 | 0 | 4K | 4K | 86K | 84K | 0 | 0 | 0 | 0 | 0 | 32.55K | 54.74K | 58.53K |
| Other Non-Current Liabilities | 360K | 334K | 333K | 318K | 310K | 178K | 172K | 168K | 156K | 601K | 383.88K | 250.31K | 236.14K | 131.08K | 276.22K | 132.53K | 103.82K |
| Total Liabilities | 97.35M | 88.67M | 71.38M | 61.63M | 58.65M | 32.41M | 26.73M | 23.49M | 21.06M | 18.39M | 470.89M | 380.29M | 357.96M | 310.11M | 125.97M | 71.68M | 58.21M |
| Total Debt | 2.94M | 3.31M | 1.96M | 2.19M | 2.68M | 615K | 616K | 642K | 734K | 818K | 14.78M | 8.65M | 8.71M | 14.87M | 0 | 0 | 0 |
| Net Debt | -35.93M | -30.23M | -25.81M | -27.23M | -25.07M | -19.36M | -16.24M | -18.16M | -17.45M | -21.42M | -35.22M | -36.11M | -37.88M | -21.93M | -39.59M | -11.89M | -7.22M |
| Debt / Equity | - | - | - | - | - | - | 0.51x | 0.14x | 0.11x | 0.10x | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | 8.77x | 1.71x | 1.25x | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | -20.90x | -7.14x | -5.44x | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | 26.82x | 250.96x | -14.00x | - | - | - |
| Total Equity | -31.25M | -23.81M | -18.44M | -16.14M | -14.71M | -2.62M | 1.22M | 4.46M | 6.58M | 8.54M | -132.7M | -126.36M | -137.87M | -153.08M | -14.28M | -28.55M | -13.3M |
| Equity Growth % | -112.43% | - | - | - | - | -130.6% | - | - | - | - | - | - | 9.93% | - | -7.43% | - | - |
| Book Value per Share | -314.36 | -240.43 | -187.58 | -165.27 | -151.79 | -27.55 | 12.89 | 47.36 | 70.14 | 91.46 | -1387.24 | -1336.10 | -1473.22 | -1800.69 | -171.18 | -342.13 | -159.35 |
| Total Shareholders' Equity | -31.36M | -23.92M | -18.56M | -16.42M | -15M | -2.62M | 1.22M | 4.46M | 6.58M | 8.54M | -132.7M | -126.36M | -137.87M | -153.08M | -14.28M | -28.55M | -13.3M |
| Common Stock | 36K | 0 | 0 | 0 | 35K | 0 | 0 | 0 | 33K | 0 | 32.6K | 0 | 29.25K | 0 | 28.23K | 23.97K | 6.93K |
| Retained Earnings | -370.4M | 0 | 0 | 0 | -353.6M | 0 | 0 | 0 | -331.17M | 0 | -314.07M | 0 | -302.11M | 0 | -168.92M | -111.13M | -87.8M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.54M | 0 | -846.38K | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.94M | 0 | 0 | 0 | -684K | 0 | 0 | 0 | 303K | 0 | 1.36M | 0 | 4.85M | 0 | 4.66M | 807.07K | 714.44K |
| Minority Interest | 104K | 110K | 119K | 281K | 288K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |