The company's financial position is increasingly strained, with total debt rising to $13.7M against a severely depleted cash balance of only $157.7K as of 2025Q3.
| Total Current Assets | 6.64M | 12.94M | 19.97M | 7.35M | 7.04M |
| Cash & Short-Term Investments | 157.68K | 1.48M | 8.13M | 3.51M | 2.81M |
| Cash Only | 157.68K | 1.48M | 8.13M | 3.51M | 2.81M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 847.56K | 67K | 0 | 1.11M | 681.3K |
| Days Sales Outstanding | 6.56 | 0.97 | - | 41.97 | 21.59 |
| Inventory | 3.79M | 11.18M | 0 | 3.05M | 3.54M |
| Days Inventory Outstanding | 133.71 | 211.71 | - | 128.84 | 144.19 |
| Other Current Assets | 16.8K | 116 | 0 | -2.51M | 0 |
| Total Non-Current Assets | 5.8M | 5.25M | 5.33M | 5.09M | 265.84K |
| Property, Plant & Equipment | 4.45M | 3.89M | 4.73M | 5.01M | 188.15K |
| Fixed Asset Turnover | 6.22x | 6.47x | 4.12x | 1.92x | 61.22x |
| Goodwill | 1.29M | 1.29M | 0 | 0 | 0 |
| Intangible Assets | 5.25K | 12K | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 117.25M | 0 |
| Other Non-Current Assets | 60.2K | 60.16K | 77.69K | -117.18M | 77.69K |
| Total Assets | 12.45M | 18.2M | 25.29M | 12.44M | 7.3M |
| Asset Turnover | 1.58x | 1.38x | 0.77x | 0.77x | 1.58x |
| Asset Growth % | -122.74% | -28.06% | 103.3% | 70.34% | - |
| Total Current Liabilities | 12.65M | 18.91M | 20.9M | 10.71M | 9.69M |
| Accounts Payable | 2.9M | 2.5M | 768.81K | 486.82K | 259.13K |
| Days Payables Outstanding | 38.45 | 47.24 | 18.56 | 20.53 | 10.55 |
| Short-Term Debt | 535.25K | 1.57M | 0 | -4.7M | 0 |
| Deferred Revenue (Current) | 38.15M | 11.8M | 17.6M | 9.49M | 9.29M |
| Other Current Liabilities | 953.78K | 56.41K | 1.87M | -4.47M | 0 |
| Current Ratio | 0.53x | 0.68x | 0.96x | 0.69x | 0.73x |
| Quick Ratio | 0.23x | 0.09x | 0.96x | 0.40x | 0.36x |
| Cash Conversion Cycle | 101.81 | 165.45 | - | 150.27 | 155.23 |
| Total Non-Current Liabilities | 13.24M | 18.26M | 14.41M | 4.74M | 500K |
| Long-Term Debt | 9.35M | 14.09M | 10.68M | 500K | 500K |
| Capital Lease Obligations | 13.72M | 3.37M | 3.73M | 3.89M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | -4.03M | 0 |
| Other Non-Current Liabilities | 28.24K | 799.75K | 2 | 0 | 0 |
| Total Liabilities | 25.89M | 37.17M | 35.31M | 15.45M | 10.19M |
| Total Debt | 13.74M | 19.03M | 14.73M | 4.99M | 500K |
| Net Debt | 13.59M | 16.34M | 6.59M | 1.47M | -2.31M |
| Debt / Equity | -1.02x | - | - | - | - |
| Debt / EBITDA | -1.15x | - | - | - | - |
| Net Debt / EBITDA | -1.14x | - | - | - | - |
| Interest Coverage | 0.00x | -0.88x | -2.24x | -127.42x | - |
| Total Equity | -13.44M | -18.98M | -10.02M | -3.01M | -2.89M |
| Equity Growth % | -252.5% | -89.41% | -233.36% | -4.07% | - |
| Book Value per Share | -12.62 | -113.28 | -80.55 | -18.86 | -18.12 |
| Total Shareholders' Equity | -13.44M | -18.98M | -10.02M | -3.01M | -2.89M |
| Common Stock | 154 | 3.65K | 3.19K | 1K | 1K |
| Retained Earnings | -26.34M | -21.55M | -10.78M | -3.01M | -2.89M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -6.7K | -6.7K | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Critical liquidity and solvency
As reported in recent financial filings, ECDA's equity position has deteriorated significantly, moving from a positive $29.5M in 2023Q3 to a deficit of $13.4M by 2025Q3, signaling a persistent erosion of shareholder value driven by recurring net losses and aggressive capital consumption.
The consistent decline in equity suggests that the company's current business model is unable to generate sufficient returns to offset its operational costs. Investors should monitor whether this trend of negative equity continues, as it may eventually limit the company's ability to secure traditional financing or maintain operational continuity.
Based on the company's balance sheet data, total debt has climbed to $13.7M as of 2025Q3, representing a substantial portion of the firm's $12.4M in total assets, which indicates that the company is increasingly reliant on debt to fund its ongoing restoration and manufacturing activities.
The high debt-to-asset ratio suggests that the company's financial structure is heavily leveraged, leaving little room for error in its project-based revenue model. This reliance on debt, coupled with negative earnings, implies that refinancing risks may become a primary concern if the company fails to achieve positive cash flow soon.
According to the latest quarterly figures, ECDA's cash position has plummeted to just $157.7K, resulting in a current ratio of 0.53, which highlights a precarious liquidity buffer that appears insufficient to support the company's ongoing operational requirements and high-cost manufacturing overhead.
A current ratio well below 1.0 indicates that the company's short-term liabilities significantly outweigh its liquid assets, suggesting a high risk of insolvency if cash inflows from vehicle deliveries are delayed. This liquidity profile warrants close investigation, as it may necessitate further dilutive capital raises to maintain basic operations.
As indicated by the balance sheet, the presence of $1.3M in goodwill, while relatively small, represents a non-cash asset that may be subject to impairment risk given the company's persistent net losses and the challenging economic environment for luxury discretionary goods.
The inclusion of goodwill on a balance sheet already burdened by negative equity and high debt levels suggests that the company's asset quality may be overstated. Investors should consider the potential for future write-downs, which would further exacerbate the firm's already strained financial position.
Quick answers to the most common questions about buying ECDA stock.
As of 2024, ECD Automotive Design, Inc. (ECDA) had total assets of $18.2M including $12.9M in current assets.
ECD Automotive Design, Inc. (ECDA) carries total debt of $19.0M, offset by $1.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
ECD Automotive Design, Inc. (ECDA) has total shareholders' equity (book value) of $-19.0M ($-113.28 book value per share). Book value represents the net worth of the company belonging to common stock holders.
ECD Automotive Design, Inc. (ECDA) reported a current ratio of 0.68x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.