The firm's financial position appears increasingly precarious, with total debt reaching $129.2M against a current ratio of only 0.01 as of 2026Q1.
| Total Current Assets | 543K | 2.54M | 20.8M | 67.79M | 59.24M | 57.13M | 29.48M | 0 | 184.49M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | -26.58M | -18.71M | 2.58M | 13.84M | 8.28M | 8.15M | 4.28M | -21.8M | 172.13M |
| Total Non-Current Assets | 10.84M | 57.19M | 84.74M | 231.64M | 219.59M | 188.52M | 197.86M | 154.08M | 315.04M |
| Property, Plant & Equipment | 10.84M | 10.86M | 147K | 10.51M | 10.18M | 0 | 0 | 144.55M | 142.91M |
| Fixed Asset Turnover | 2.42x | 1.85x | 347.75x | 8.65x | 8.25x | - | - | 0.39x | 0.36x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 46.15M | 46.33M | 0 | 184K | 361K | 0 | 0 | 0 | 0 |
| Long-Term Investments | 58.63M | 18.47M | 15.64M | 3.34M | 3.16M | 2.38M | 1.54M | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - |
| Total Assets | 179.59M | 135.4M | 105.53M | 299.43M | 278.83M | 245.65M | 227.34M | 175.89M | 133.38M |
| Asset Turnover | 0.12x | 0.15x | 0.48x | 0.30x | 0.30x | 0.23x | 0.17x | 0.32x | 0.38x |
| Asset Growth % | -16.01% | 28.29% | -64.75% | 7.39% | 13.51% | 8.05% | 29.25% | 31.86% | - |
| Total Current Liabilities | 40.15M | 45.06M | 11.51M | 22.57M | 16.45M | 17.04M | 11.28M | 293.16M | 298.06M |
| Accounts Payable | 9.93M | 9.04M | 10.74M | 20.62M | 15.63M | 15.09M | 10.45M | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 40.15M | 45.06M | 0 | 73.1M | 7.34M | 6.02M | 2.31M | 131.3M | 133.38M |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - |
| Other Current Liabilities | -10.93M | -10.09M | 277K | -118K | -7.32M | -6.02M | -2.31M | 161.86M | 164.67M |
| Current Ratio | 0.01x | 0.06x | 1.81x | 3.00x | 3.60x | 3.35x | 2.61x | - | 0.62x |
| Quick Ratio | 0.01x | 0.06x | 1.81x | 3.00x | 3.60x | 3.35x | 2.61x | - | 0.62x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 100.73M | 64.1M | 82.78M | 210.85M | 185.19M | 178.92M | 167.62M | 161.86M | 152.32M |
| Long-Term Debt | 78.2M | 42.32M | 81.67M | 123.81M | 156.25M | 160.22M | 148.54M | 131.3M | 0 |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 140.88M | 109.17M | 94.28M | 233.41M | 201.65M | 195.96M | 178.9M | 161.86M | 27.97K |
| Total Debt | 129.19M | 98.23M | 81.76M | 209.61M | 177.63M | 166.31M | 151.08M | 131.3M | 16.87M |
| Net Debt | 128.64M | 95.69M | 79.45M | 205.81M | 169.98M | 157.93M | 144.54M | 114.61M | 6.04M |
| Debt / Equity | 3.34x | 3.74x | 7.27x | 3.18x | 2.30x | 3.35x | 3.12x | 9.36x | 0.06x |
| Debt / EBITDA | -9.31x | - | - | - | 200.04x | - | - | 9.75x | 2.43x |
| Net Debt / EBITDA | -9.27x | - | - | - | 191.41x | - | - | 8.51x | 0.87x |
| Interest Coverage | -2.65x | -2.43x | -2.45x | -4.85x | 14.22x | -28.73x | - | 0.47x | -0.10x |
| Total Equity | 38.72M | 26.23M | 11.25M | 66.02M | 77.19M | 49.69M | 48.44M | 14.03M | 294.69M |
| Equity Growth % | 350.39% | 133.1% | -82.95% | -14.47% | 55.33% | 2.59% | 245.26% | -95.24% | - |
| Book Value per Share | 13.68 | 9.27 | 0.51 | 3.29 | 3.67 | 2.36 | 2.30 | 0.67 | 14.02 |
| Total Shareholders' Equity | 1.25M | 1.33M | -12.59M | 2.62M | -3.21M | -9.09M | -16.34M | -13.99M | 172.13M |
| Common Stock | 8K | 7K | 22K | 21K | 18K | 17K | 17K | 28.09K | 0 |
| Retained Earnings | -82.3M | -78.41M | -56.61M | -36.83M | -22.71M | -24.73M | -24.78M | -19.09M | -20.25M |
| Treasury Stock | 0 | 0 | 0 | 0 | -13.63M | -13.63M | -13.63M | -13.63M | -13.63M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.03M | 7.46M |
| Minority Interest | 37.46M | 24.9M | 23.84M | 63.4M | 80.4M | 58.78M | 64.78M | 28.01M | 122.56M |
Imminent liquidity and solvency
As reported in recent financial filings, CaliberCos Inc. has seen total assets decline from $299.4M in 2023Q4 to $179.6M by 2026Q1, reflecting a persistent contraction that underscores the firm's inability to maintain its asset base amidst a challenging macroeconomic environment for niche real estate managers.
The consistent decline in total assets suggests that the firm is struggling to retain AUM or is actively divesting assets to meet liquidity needs. This downward trajectory in the balance sheet size, coupled with persistent negative retained earnings, indicates a business model that is currently failing to generate the scale necessary for long-term sustainability.
Based on the company's reported figures, the debt-to-equity ratio reached 3.34 in 2026Q1, which, when viewed alongside the $129.2M in total debt, suggests that the firm remains heavily reliant on leverage despite a significantly diminished asset base and ongoing operational losses.
The high debt load relative to the firm's shrinking equity base creates a precarious financial position that limits management's flexibility. Investors should monitor whether the firm can service this debt burden without further asset liquidations or dilutive capital raises, as the current leverage profile appears increasingly unsustainable.
According to the latest balance sheet data, the current ratio has plummeted to 0.01 as of 2026Q1, signaling that the firm's cash reserves of $543K are likely insufficient to cover its immediate short-term obligations and ongoing operating expenses.
This extreme liquidity constraint suggests that the firm is operating with virtually no margin for error, leaving it highly vulnerable to any further operational shocks or delays in fee realization. The rapid depletion of cash from $17.6M in 2023Q4 to current levels warrants immediate concern regarding the firm's ability to continue as a going concern.
As indicated by the company's balance sheet, goodwill remains a significant component of total assets at $46.1M in 2026Q1, which may be misleading given the firm's current inability to generate positive earnings or maintain its historical asset management fee levels.
The presence of substantial goodwill on the balance sheet during a period of severe revenue contraction suggests a high risk of future impairment charges. If the firm is forced to write down these intangible assets, it would further erode the already thin equity base and potentially trigger technical defaults on existing debt covenants.
Quick answers to the most common questions about buying CWD stock.
As of 2025, CaliberCos Inc. (CWD) had total assets of $135.4M including $2.5M in current assets.
CaliberCos Inc. (CWD) carries total debt of $98.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
CaliberCos Inc. (CWD) has total shareholders' equity (book value) of $1.3M ($9.27 book value per share). Book value represents the net worth of the company belonging to common stock holders.
CaliberCos Inc. (CWD) reported a current ratio of 0.06x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.