The equity base has contracted significantly from $16.3 million in 2022Q2 to $8.8 million in 2025Q4, reflecting a trend of value destruction that leaves the firm with limited financial flexibility.
| Total Current Assets | 16.3M | 4.29M | 8.71M | 14.07M | 19.58M | 10.64M | 10.93M | 6.05M | 3.7M |
| Cash & Short-Term Investments | 5.09M | 1.15M | 4.97M | 11.44M | 16.54M | 7.41M | 8.27M | 4.02M | 1.91M |
| Cash Only | 5.09M | 1.15M | 4.97M | 11.44M | 16.54M | 7.41M | 8.27M | 4.02M | 1.91M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.07M | 1.45M | 1.04M | 1.68M | 1.48M | 818K | 243.12K | 476.38K | 424.5K |
| Days Sales Outstanding | 125.52 | 64.83 | 66.35 | 96.86 | 101.4 | 32.94 | 10.2 | 27.66 | 26.64 |
| Inventory | 46.38K | 48.47K | 41.19K | 0 | 0 | 783.89K | 0 | 0 | 0 |
| Days Inventory Outstanding | 4.94 | 5.42 | 7.87 | - | - | 117.75 | - | - | - |
| Other Current Assets | 0 | 338.71K | 338.71K | 0 | 0 | 0 | 351.85K | 0 | 415.59K |
| Total Non-Current Assets | 9.47M | 19M | 10.5M | 9.93M | 4.43M | 3.56M | 3.94M | 4.74M | 4.07M |
| Property, Plant & Equipment | 2.58M | 4.38M | 3.16M | 3.18M | 4.11M | 3.12M | 2.92M | 2.81M | 2.68M |
| Fixed Asset Turnover | 3.47x | 1.86x | 1.81x | 1.99x | 1.30x | 2.90x | 2.98x | 2.24x | 2.17x |
| Goodwill | 2.65M | 2.65M | 2.65M | 854.89K | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 4.24M | 4.46M | 4.69M | 398.79K | 1.48M | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 7.5M | 0 | 5.09M | 200K | 280K | 280K | 709.8K | 429.8K |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 321.06K | 159.38K | 743.74K | 1.83M | 217.44K |
| Total Assets | 25.78M | 23.29M | 19.21M | 24M | 24.01M | 14.2M | 14.87M | 10.79M | 7.77M |
| Asset Turnover | 0.35x | 0.35x | 0.30x | 0.26x | 0.22x | 0.64x | 0.59x | 0.58x | 0.75x |
| Asset Growth % | 10.67% | 21.25% | -19.97% | -0.03% | 69.05% | -4.5% | 37.83% | 38.95% | - |
| Total Current Liabilities | 8.89M | 9.76M | 6.88M | 6.05M | 8.61M | 6.72M | 8.4M | 6.37M | 4.32M |
| Accounts Payable | 1.1M | 1.21M | 210.1K | 91.08K | 148.76K | 51.77K | 106.12K | 0 | 32.26K |
| Days Payables Outstanding | 117.5 | 134.89 | 40.17 | 14.61 | 25.19 | 7.78 | 16.7 | - | 6.38 |
| Short-Term Debt | 0 | 269.96K | 559.38K | 461.16K | 259.3K | 0 | 0 | 0 | -4.32M |
| Deferred Revenue (Current) | 6.04M | 0 | 4.06M | 3.33M | 5.25M | 4.6M | 6.83M | 5.62M | 4.29M |
| Other Current Liabilities | 339.16K | 7.22M | 1.22M | 1.55M | 2.46M | 0 | 1.26M | 0 | 4.32M |
| Current Ratio | 1.83x | 0.44x | 1.27x | 2.32x | 2.27x | 1.58x | 1.30x | 0.95x | 0.86x |
| Quick Ratio | 1.83x | 0.43x | 1.26x | 2.32x | 2.27x | 1.47x | 1.30x | 0.95x | 0.86x |
| Cash Conversion Cycle | 12.96 | -64.64 | 34.06 | - | - | 142.92 | - | - | - |
| Total Non-Current Liabilities | 2.47M | 2.65M | 1.4M | 561.9K | 462K | 0 | 0 | 0 | 0 |
| Long-Term Debt | 1.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 1.58M | 2.18M | 571.13K | 561.9K | 462K | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 472.94K | 470.47K | 824.48K | 107.67K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -1.58M | 0 | 0 | -107.67K | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 11.36M | 12.41M | 8.28M | 6.72M | 9.07M | 6.72M | 8.4M | 6.37M | 4.32M |
| Total Debt | 4.33M | 3.09M | 1.13M | 1.02M | 721.29K | 140K | 140K | 0 | 0 |
| Net Debt | -766.63K | 1.94M | -3.84M | -10.42M | -15.82M | -7.27M | -8.13M | -4.02M | -1.91M |
| Debt / Equity | 0.30x | 0.28x | 0.10x | 0.06x | 0.05x | 0.02x | 0.02x | - | - |
| Debt / EBITDA | - | - | - | - | - | 0.10x | 0.05x | - | - |
| Net Debt / EBITDA | - | - | - | - | - | -5.25x | -2.97x | -2.30x | -1.21x |
| Interest Coverage | -116.40x | -385.84x | -739.54x | - | -197.15x | 185.75x | 561.09x | 350.95x | - |
| Total Equity | 14.42M | 10.88M | 10.93M | 17.28M | 14.94M | 7.48M | 6.47M | 4.42M | 3.44M |
| Equity Growth % | 32.56% | -0.51% | -36.72% | 15.69% | 99.61% | 15.63% | 46.53% | 28.27% | - |
| Book Value per Share | 14.90 | 13.77 | 15.01 | 25.11 | 22.95 | 13.60 | 11.76 | 8.13 | 6.26 |
| Total Shareholders' Equity | 8.81M | 5.17M | 9.14M | 15.1M | 14.94M | 7.48M | 6.47M | 4.42M | 3.44M |
| Common Stock | 37.14K | 20.81K | 19.05K | 18.02K | 16.53K | 12.6K | 12.6K | 12.6K | 12.6K |
| Retained Earnings | -17.39M | -14.96M | -9.07M | -2.42M | 3.65M | 4.74M | 3.73M | 1.67M | 1.14M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -49.55K | -35.8K | -36.28K | -28.94K | -200K | 0 | 0 | -363.67K | 0 |
| Minority Interest | 5.61M | 5.71M | 1.79M | 2.18M | 0 | 0 | 0 | 0 | 0 |
Liquidity and Enrollment Concentration
As reported in recent financial filings, EEIQ's equity base has contracted significantly from $16.3 million in 2022Q2 to $8.8 million by 2025Q4, reflecting a persistent trend of value destruction driven by recurring net losses that continue to erode the company's overall balance sheet strength.
The consistent decline in shareholders' equity suggests that the company is struggling to retain value, as operating losses directly deplete the capital base. Investors should monitor whether this trajectory forces future capital raises, which would likely result in further dilution for existing shareholders.
Based on the company's reported figures, cash reserves have plummeted from a peak of $16.5 million in 2021Q4 to $5.1 million in 2025Q4, indicating a precarious liquidity position that leaves the firm with limited room to maneuver during seasonal downturns in student enrollment.
The current ratio of 1.83 appears deceptively healthy when compared to the 0.38 level seen in 2025Q2, suggesting that liquidity is highly sensitive to the timing of student payments. This volatility implies that the company lacks a stable cash cushion to absorb unexpected operational shocks or prolonged enrollment declines.
According to the latest balance sheet data, net PPE has remained stagnant at approximately $2.6 million as of 2025Q4, suggesting that the company's asset-heavy model is not currently benefiting from the capital reinvestment required to drive meaningful growth or improve operational efficiency across its US-based campus footprint.
The reliance on a small, fixed asset base relative to the company's administrative overhead highlights the difficulty of scaling the current service model. The presence of $2.7 million in goodwill warrants further investigation, as it may be subject to impairment if the company fails to achieve its projected enrollment targets.
As indicated by the company's financial statements, the $6.0 million in deferred revenue reported in 2025Q4 represents a significant portion of total liabilities, which may create a misleading impression of operational health by front-loading cash receipts that have not yet been earned through service delivery.
This liability structure suggests that the company is effectively financing its operations through customer prepayments, which creates a high risk of cash flow disruption if enrollment cycles falter. Investors should be wary that this deferred revenue is not a source of permanent capital but rather a temporary obligation that must be serviced through ongoing, high-cost operations.
Quick answers to the most common questions about buying EEIQ stock.
As of 2025, Elite Education Group International Limited (EEIQ) had total assets of $25.8M including $16.3M in current assets.
Elite Education Group International Limited (EEIQ) carries total debt of $4.3M, offset by $5.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Elite Education Group International Limited (EEIQ) has total shareholders' equity (book value) of $8.8M ($14.90 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Elite Education Group International Limited (EEIQ) reported a current ratio of 1.83x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.