The company maintains a precarious capital structure with $3.4 million in total debt and a significant $5.0 million goodwill balance that may be subject to future impairment.
| Total Current Assets | 6.33M | 5.05M | 9.15M | 9.46M | 8.52M | 3.47M | 5.56M | 64.78M | 75.98M | 29.61M | 30.38M |
| Cash & Short-Term Investments | 346.72K | 204.03K | 1.56M | 1.01M | 3.33M | 3.27M | 13.57K | 1.58M | 27.17M | 1.88M | 455.2K |
| Cash Only | 346.72K | 204.03K | 1.56M | 1.01M | 3.33M | 3.27M | 13.57K | 1.58M | 27.17M | 1.88M | 455.2K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.64M | 4.05M | 6.32M | 6.87M | 4.15M | 186.91K | 5.53M | 62.33M | 48.51M | 27.39M | 29.91M |
| Days Sales Outstanding | 129.67 | 107.76 | 135.26 | 96.91 | 70.47 | 186.58 | 567.23 | 1.09K | 606.4 | 536.92 | 1.12K |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 32.54K | 792.15K | 1.27M | 1.57M | 175K | 9.47K | 17.05K | 879.08K | 306.47K | 346.18K | 11.19K |
| Total Non-Current Assets | 6.26M | 640.7K | 884.22K | 956.86K | 767.36K | 112.3K | 8.02K | 2.06M | 3.22M | 240.24K | 266.86K |
| Property, Plant & Equipment | 12.31K | 13.24K | 18.24K | 27.61K | 53.45K | 108.47K | 1.5K | 250.89K | 222.14K | 28.78K | 40.23K |
| Fixed Asset Turnover | 1061.48x | 1037.08x | 935.40x | 937.75x | 401.77x | 3.37x | 2367.74x | 83.24x | 131.45x | 646.95x | 241.86x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 752.35K | 0 | 0 |
| Intangible Assets | 4.99M | 579.65K | 777.49K | 757.03K | 598.99K | 806 | 1.94K | 3.43K | 1.43M | 2.77K | 3.69K |
| Long-Term Investments | 13.22K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 678.42K | 208.69K | 222.94K |
| Other Non-Current Assets | 1.24M | 47.81K | 88.49K | 172.23K | 114.92K | 3.03K | 4.58K | 8.38K | 137.54K | 0 | 0 |
| Total Assets | 12.59M | 5.69M | 10.04M | 10.42M | 9.29M | 3.58M | 5.57M | 66.85M | 79.2M | 29.85M | 30.64M |
| Asset Turnover | 1.04x | 2.41x | 1.70x | 2.49x | 2.31x | 0.10x | 0.64x | 0.31x | 0.37x | 0.62x | 0.32x |
| Asset Growth % | 121.25% | -43.31% | -3.63% | 12.13% | 159.25% | -35.66% | -91.67% | -15.6% | 165.31% | -2.58% | - |
| Total Current Liabilities | 6.3M | 6.35M | 7.17M | 7.28M | 18.26M | 1.82M | 2.09M | 1.96M | 7.87M | 4.46M | 2.32M |
| Accounts Payable | 1.65M | 1.44M | 1.88M | 1.98M | 2.25M | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | 36.64 | 28.98 | 31.01 | 25.07 | 34.87 | - | - | - | - | - | - |
| Short-Term Debt | 2.88M | 3.34M | 2.82M | 3.35M | 10.04M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 95.12K | 22.73K | 0 | 0 |
| Other Current Liabilities | 1.08M | 0 | 13.19K | 404.14K | 4.99M | 1.82M | 2.09M | 1.87M | 7.85M | 4.46M | 2.32M |
| Current Ratio | 1.00x | 0.80x | 1.28x | 1.30x | 0.47x | 1.90x | 2.66x | 32.99x | 9.65x | 6.63x | 13.10x |
| Quick Ratio | 1.00x | 0.80x | 1.28x | 1.30x | 0.47x | 1.90x | 2.66x | 32.99x | 9.65x | 6.63x | 13.10x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 962.09K | 0 | 242.44K | 0 | 0 | 1.13M | 959.88K | 0 | 213.51K | 0 | 0 |
| Long-Term Debt | 556.16K | 0 | 242.44K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 213.51K | 0 | 0 |
| Other Non-Current Liabilities | 405.93K | 0 | 0 | 0 | 0 | 1.13M | 959.88K | -95.12K | -22.73K | 0 | 0 |
| Total Liabilities | 7.26M | 6.35M | 7.41M | 7.28M | 18.26M | 2.95M | 3.05M | 1.96M | 8.09M | 4.46M | 2.32M |
| Total Debt | 3.44M | 3.34M | 3.06M | 3.35M | 10.04M | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | 3.09M | 3.14M | 1.5M | 2.33M | 6.71M | -3.27M | -13.57K | -1.58M | -27.17M | -1.88M | -455.2K |
| Debt / Equity | 0.65x | - | 1.17x | 1.07x | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | -1.09x | -0.11x | -0.06x |
| Interest Coverage | -9.30x | -7.19x | -10.29x | -7.93x | -6.18x | - | - | - | - | - | - |
| Total Equity | 5.33M | -654.76K | 2.63M | 3.13M | -8.97M | 631.14K | 2.52M | 64.88M | 71.12M | 25.39M | 28.33M |
| Equity Growth % | 913.51% | -124.92% | -16.11% | 134.9% | -1521.46% | -74.96% | -96.12% | -8.77% | 180.1% | -10.37% | - |
| Book Value per Share | 47.03 | -14.35 | 1097.78 | 4009.56 | -67965.85 | 10881.81 | 63002.60 | 999999.00 | 999999.00 | 705259.53 | 786816.39 |
| Total Shareholders' Equity | 5.33M | -654.76K | 2.63M | 3.13M | -8.97M | 631.14K | 2.52M | 64.88M | 71.12M | 25.39M | 28.33M |
| Common Stock | 0 | 0 | 2.41M | 181.16K | 8.66K | 32.03K | 22.11K | 22.11K | 22.11K | 20K | 20K |
| Retained Earnings | -52.82M | -44.92M | -39.32M | -29.99M | -21.8M | -34.54M | -25.38M | 36.65M | 41.56M | 17.68M | 4.9M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -768.41K | -1.25M | 491.89K | 38.97K | -49.91K | 2.21M | -563.36K | -235.5K | 1.1M | 7.69M | 23.4M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and solvency
As reported in financial statements, FRGT's equity base has experienced extreme volatility, swinging from a deficit of $654,800 in 2024Q4 to $5.3 million in 2025Q4, a trend that suggests significant reliance on external capital injections to offset persistent operational losses and maintain a going concern status.
The erratic movement in equity indicates that the company's survival is currently tethered to dilutive financing events rather than organic value creation. Investors should monitor whether these capital infusions are being utilized to stabilize the core brokerage platform or merely to service existing liabilities.
Based on recent SEC filings, the company's cash position has plummeted to just $346,718 as of 2025Q4, representing a precarious buffer that appears insufficient to cover ongoing operating expenses given the firm's history of negative cash flow and persistent working capital requirements.
With a current ratio hovering near 1.00, the company possesses virtually no margin for error regarding its short-term obligations. This liquidity profile suggests that the firm may face an immediate need for additional funding, which could further dilute existing shareholders or increase the cost of debt.
According to the balance sheet data, total debt has fluctuated between $3.1 million and $5.7 million over the last ten quarters, a level of leverage that appears increasingly burdensome given the company's inability to generate positive operating income to service these obligations.
The debt-to-equity ratio of 0.65 in 2025Q4 may appear manageable in isolation, but it masks the underlying reality of a business model that is failing to achieve operational break-even. The reliance on debt in a loss-making environment warrants investigation into the terms of these instruments and the potential for restrictive covenants.
As indicated by the latest quarterly data, goodwill accounts for a substantial portion of the $12.6 million in total assets, with a reported $5.0 million balance that may be subject to impairment if the company fails to demonstrate a viable path to profitability.
The concentration of intangible assets relative to the total asset base suggests that the company's valuation is heavily dependent on future growth assumptions that have yet to materialize. Any further deterioration in operational performance may necessitate significant write-downs, which would further erode the already fragile equity position.
Quick answers to the most common questions about buying FRGT stock.
As of 2025, Freight Technologies, Inc. (FRGT) had total assets of $12.6M including $6.3M in current assets.
Freight Technologies, Inc. (FRGT) carries total debt of $3.4M, offset by $0.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Freight Technologies, Inc. (FRGT) has total shareholders' equity (book value) of $5.3M ($47.03 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Freight Technologies, Inc. (FRGT) reported a current ratio of 1.00x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.