The company's financial stability appears increasingly fragile, with cash reserves plummeting from $13.6 million in 2025Q3 to a critical $68.1K by 2026Q1.
| Total Current Assets | 12.04M | 12.38M | 155.15K |
| Cash & Short-Term Investments | 68.06K | 1.31M | 54.71K |
| Cash Only | 68.06K | 1.31M | 54.71K |
| Short-Term Investments | 0 | 0 | 0 |
| Accounts Receivable | 84.41K | 72.58K | 98.04K |
| Days Sales Outstanding | 8.58 | 9.94 | 14.75 |
| Inventory | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - |
| Other Current Assets | 11.88M | 11M | 2.4K |
| Total Non-Current Assets | 1.31M | 1.32M | 568.21K |
| Property, Plant & Equipment | 170.7K | 167.01K | 562.78K |
| Fixed Asset Turnover | 15.16x | 15.96x | 4.31x |
| Goodwill | 668.86K | 668.86K | 0 |
| Intangible Assets | 473.8K | 487.6K | 0 |
| Long-Term Investments | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 |
| Total Assets | 13.35M | 13.71M | 723.37K |
| Asset Turnover | 0.25x | 0.19x | 3.35x |
| Asset Growth % | 585.98% | 1794.62% | - |
| Total Current Liabilities | 269K | 513.15K | 261.38K |
| Accounts Payable | 38.63K | 20.92K | 0 |
| Days Payables Outstanding | 3.54 | 2.88 | - |
| Short-Term Debt | 0 | 0 | 225.3K |
| Deferred Revenue (Current) | 0 | 0 | 0 |
| Other Current Liabilities | 230.38K | 492.24K | 0 |
| Current Ratio | 44.75x | 24.13x | 0.59x |
| Quick Ratio | 44.75x | 24.13x | 0.59x |
| Cash Conversion Cycle | 5.04 | - | - |
| Total Non-Current Liabilities | 0 | 0 | 422.02K |
| Long-Term Debt | 0 | 0 | 422.02K |
| Capital Lease Obligations | 0 | 0 | 0 |
| Deferred Tax Liabilities | 42.55K | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 269K | 513.15K | 683.4K |
| Total Debt | 0 | 0 | 647.32K |
| Net Debt | -68.06K | -1.31M | 592.61K |
| Debt / Equity | 0.00x | - | 16.20x |
| Debt / EBITDA | -0.00x | - | 15.70x |
| Net Debt / EBITDA | 0.03x | - | 14.37x |
| Interest Coverage | -843.78x | -10.97x | -6.04x |
| Total Equity | 13.08M | 13.19M | 39.96K |
| Equity Growth % | 789.32% | 32911.03% | - |
| Book Value per Share | 0.78 | 0.88 | 0.00 |
| Total Shareholders' Equity | 13.08M | 13.19M | 39.96K |
| Common Stock | 17 | 17 | 330K |
| Retained Earnings | -2.61M | -2.49M | -302.17K |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
Rapid Cash Runway Depletion
Based on reported financial statements, ETS experienced a significant asset contraction from $15.2 million in 2025Q3 to $13.4 million by 2026Q1, suggesting that the company's balance sheet trajectory is increasingly unstable as it struggles to maintain its operational footprint amidst persistent net losses.
The sharp decline in total assets over the last two quarters indicates a potential liquidation of resources or a failure to replace depreciating equipment. This trend suggests that the company's underlying business quality is deteriorating, as the asset base is not being effectively utilized to generate sustainable growth.
According to recent SEC filings, the company's cash position plummeted from $13.6 million in 2025Q3 to just $68.1K in 2026Q1, signaling an alarming reduction in the firm's ability to cover short-term obligations and fund ongoing operational deficits without immediate external capital intervention.
While the current ratio remains mathematically high due to low liabilities, the absolute cash balance is now dangerously thin relative to the company's historical burn rate. Investors should monitor this liquidity crunch closely, as the current buffer appears insufficient to sustain operations through another period of negative cash flow.
As reported in financial statements, the company's net PPE of $170.7K as of 2026Q1 represents a minor fraction of total assets, indicating that the firm relies heavily on non-productive assets or intangible valuations rather than a robust, revenue-generating fleet of trucks and trailers.
The presence of $668.9K in goodwill relative to a small net PPE base suggests that the company's asset quality is heavily reliant on accounting valuations rather than tangible infrastructure. This mix implies that the business model lacks the physical scale necessary to compete effectively in the capital-intensive trucking industry.
Based on the company's reported figures, retained earnings have deepened to a deficit of $2.6 million by 2026Q1, reflecting a consistent pattern of value destruction that continues to erode the shareholder equity base and undermines the long-term financial health of the organization.
The persistent accumulation of losses in the retained earnings account indicates that the company has yet to find a profitable equilibrium. This ongoing equity depletion warrants further investigation into whether the current capital structure can support the business without further dilutive financing or restructuring.
Quick answers to the most common questions about buying ETS stock.
As of 2025, Elite Express Holding Inc. (ETS) had total assets of $13.7M including $12.4M in current assets.
Elite Express Holding Inc. (ETS) carries total debt of $0.0M, offset by $1.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Elite Express Holding Inc. (ETS) has total shareholders' equity (book value) of $13.2M ($0.88 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Elite Express Holding Inc. (ETS) reported a current ratio of 24.13x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.