The company's financial position is increasingly vulnerable, characterized by a negative equity balance of $36.7 million and a significant total debt load of $141.1 million.
| Total Current Assets | 89.04M | 57.9M | 71.48M | 2.05M | 118.64M | 70.38M |
| Cash & Short-Term Investments | 26.93M | 3.71M | 19.58M | 1.71M | 87.26M | 33.86M |
| Cash Only | 26.93M | 3.71M | 19.58M | 1.71M | 87.26M | 33.86M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 27.88M | 22.49M | 13.62M | 20.39M | 12.15M | 6.74M |
| Days Sales Outstanding | 143.64 | 114.88 | 129.95 | 184.53 | 126.96 | 91.57 |
| Inventory | 23.61M | 28.84M | 22.17M | 20.16M | 18.18M | 27.83M |
| Days Inventory Outstanding | 115.65 | 57.75 | 146.9 | 128.12 | 134.78 | 291.31 |
| Other Current Assets | 10.61M | 2.87M | 16.1M | 1.59M | 1.05M | 1.95M |
| Total Non-Current Assets | 93.2M | 7M | 86.86M | 213.16M | 65.05M | 59.69M |
| Property, Plant & Equipment | 76.05M | 0 | 70.08M | 65.18M | 55.3M | 53.33M |
| Fixed Asset Turnover | 0.71x | - | 0.55x | 0.62x | 0.63x | 0.50x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 5.54M |
| Intangible Assets | 17.15M | 17.15M | 955K | 14.36M | 9.75M | 826K |
| Long-Term Investments | 162.3M | 0 | 0 | 213.1M | 0 | 0 |
| Other Non-Current Assets | 0 | -10.15M | 15.82M | 57.99K | 0 | 0 |
| Total Assets | 182.24M | 64.9M | 158.34M | 215.21M | 183.69M | 130.07M |
| Asset Turnover | 0.35x | 1.10x | 0.24x | 0.19x | 0.19x | 0.21x |
| Asset Growth % | -119.81% | -59.01% | -26.43% | 17.16% | 41.23% | - |
| Total Current Liabilities | 79.3M | 67.54M | 45.57M | 1.57M | 27.23M | 40.27M |
| Accounts Payable | 0 | 27.53M | 3.83M | 5.13M | 4.37M | 16.96M |
| Days Payables Outstanding | 10.76 | 55.13 | 25.36 | 32.58 | 32.38 | 177.58 |
| Short-Term Debt | 22.44M | 14.01M | 13.83M | 18.69M | 12.23M | 18.67M |
| Deferred Revenue (Current) | 2.67M | 3.22M | 2.67M | 1.49M | 1.06M | 798K |
| Other Current Liabilities | 56.86M | 4.36M | 12.96M | -28.68M | 3.65M | 2.85M |
| Current Ratio | 1.12x | 0.86x | 1.57x | 1.31x | 4.36x | 1.75x |
| Quick Ratio | 0.83x | 0.43x | 1.08x | -11.51x | 3.69x | 1.06x |
| Cash Conversion Cycle | 248.53 | 117.49 | 251.49 | 280.06 | 229.35 | 205.31 |
| Total Non-Current Liabilities | 139.68M | 184.32M | 97.03M | 14.82M | 19.73M | 12.47M |
| Long-Term Debt | 118.64M | 89.41M | 70.83M | 4.33M | 6.53M | 0 |
| Capital Lease Obligations | 7.37M | 7.06M | 7.37M | 7.46M | 7.81M | 8.54M |
| Deferred Tax Liabilities | -95.19M | 0 | 0 | -17.33M | 0 | 0 |
| Other Non-Current Liabilities | 21.04M | 70M | 18.83M | 3.03M | 611K | 3.94M |
| Total Liabilities | 218.98M | 251.86M | 142.61M | 16.4M | 46.97M | 52.74M |
| Total Debt | 141.08M | 111.19M | 92.67M | 31.06M | 27.12M | 28.19M |
| Net Debt | 114.15M | 107.48M | 73.09M | 29.34M | -60.14M | -5.67M |
| Debt / Equity | -3.84x | - | 5.89x | 0.16x | 0.20x | 0.36x |
| Debt / EBITDA | -5.58x | - | - | 12.42x | - | - |
| Net Debt / EBITDA | -4.51x | - | - | 11.73x | - | - |
| Interest Coverage | - | -7.47x | -20.96x | -39.63x | -28.78x | - |
| Total Equity | -36.75M | -186.96M | 15.73M | 198.82M | 136.73M | 77.33M |
| Equity Growth % | -424.68% | -1288.5% | -92.09% | 45.41% | 76.82% | - |
| Book Value per Share | -14.99 | - | 0.75 | 7.46 | 8.79 | 7.71 |
| Total Shareholders' Equity | -36.75M | -186.96M | 15.73M | 198.82M | 136.73M | 77.33M |
| Common Stock | 53K | 0 | 386.43M | 213.1M | 381.89M | 291.23M |
| Retained Earnings | -427.58M | -196.46M | -377.87M | -14.28M | -250.82M | -214.82M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 390.78M | 1.99M | 7.48M | 6.75M | 5.66M | 924K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Immediate insolvency and dilution
As reported in recent financial statements, the company's equity position has shifted into a negative $36.7 million balance as of 2024Q2, signaling that persistent operational losses are rapidly eroding the firm's net worth and creating a precarious trajectory for long-term shareholder value preservation.
The transition to a negative equity position suggests that the company's accumulated losses have now outpaced the capital injected through financing activities. Investors should monitor whether this trend forces a restructuring or further dilutive equity raises to maintain the company's status as a going concern.
Based on the latest quarterly filings, the company carries $141.1 million in total debt, which represents a significant financial obligation that appears to be necessity-driven rather than strategic, given the firm's inability to generate positive operating cash flow to service these mounting interest-bearing liabilities.
The reliance on debt to fund the 'Mega-line' manufacturing infrastructure creates a rigid cost structure that limits financial flexibility. This leverage profile implies that any delay in production efficiency gains could lead to a liquidity crisis, as the debt service requirements compete with essential operational funding.
According to recent SEC filings, the company's current ratio stands at 1.12 as of 2024Q2, which provides a razor-thin margin of safety given the high cash burn rate and the company's ongoing reliance on external capital to fund its capital-intensive manufacturing operations and research initiatives.
While the current ratio appears superficially adequate, the absolute cash position remains insufficient to cover the scale of operating losses observed in recent periods. This suggests that the company is operating with minimal room for error, making it highly sensitive to any disruptions in its ability to access capital markets.
As indicated by the company's balance sheet, the presence of $17.1 million in goodwill and $76.0 million in net PPE warrants further investigation, as these assets may be subject to impairment if the company fails to achieve the projected manufacturing yields and production volumes.
The valuation of these assets is heavily dependent on the successful commercialization of the proprietary carbon fiber technology. If the 'Mega-line' fails to reach target utilization levels, the carrying value of these assets may prove to be overstated, potentially leading to significant non-cash write-downs that would further damage the equity base.
Quick answers to the most common questions about buying CREVW stock.
As of 2024, Carbon Revolution Public Limited Company Warrant (CREVW) had total assets of $64.9M including $57.9M in current assets.
Carbon Revolution Public Limited Company Warrant (CREVW) carries total debt of $111.2M, offset by $3.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Carbon Revolution Public Limited Company Warrant (CREVW) has total shareholders' equity (book value) of $-187.0M. Book value represents the net worth of the company belonging to common stock holders.
Carbon Revolution Public Limited Company Warrant (CREVW) reported a current ratio of 0.86x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.