The balance sheet exhibits severe instability, evidenced by a current ratio that plummeted from 22.52 in 2023Q4 to a critical 0.11 by 2026Q1.
| Total Current Assets | 206.66B | 829.43K | 31.73K | 9.08M | 1.61M | 15.93M | 11.98M | 11.59M | 9.66M | 82.18K | 165.89K | 811.41K |
| Cash & Short-Term Investments | 16.8B | 456.04K | 22.54K | 5.18M | 389.11K | 14.59M | 4.29M | 2.48M | 726.74K | 72.18K | 150.31K | 623.04K |
| Cash Only | 16.8B | 456.04K | 22.54K | 5.18M | 389.11K | 14.59M | 998.72K | 2.48M | 726.74K | 72.18K | 150.31K | 623.04K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 3.3M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 32.61K | 41.8K | 9.2K | 0 | 1.22M | 1.34M | 1.86M | 2.24M | 3.3M | 14.57M | 0 | 0 |
| Days Sales Outstanding | - | - | - | - | - | - | 1.15K | 41.75 | 51.93 | 137.19 | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 3.71K | 1.05M | 1.2M | 1.97M | 9.24M | 76.7K | 2.27M |
| Days Inventory Outstanding | - | - | - | - | - | - | 18.16K | 22.97 | 38.42 | 175.41 | 1.98 | 58.02 |
| Other Current Assets | 189.85B | 0 | 0 | 2.61M | 0 | 0 | 0 | 5.67M | 5.12M | 0 | 0 | 0 |
| Total Non-Current Assets | 506.5T | 669.61M | 2.7M | 5.13M | 2.19M | 59.77M | 13.16M | 10.86M | 23.19M | 40.41M | 50.11M | 50.02M |
| Property, Plant & Equipment | 916.71B | 991.47K | 1.34M | 1.57M | 502 | 28.01M | 151.87K | 109.31K | 5.76M | 2.19M | 359.39K | 110.08K |
| Fixed Asset Turnover | 0.00x | - | - | - | - | - | 3.89x | 179.17x | 4.03x | 17.71x | 73.20x | 216.97x |
| Goodwill | 0 | 0 | 0 | 0 | 2.19M | 6.59M | 11.65M | 7.29M | 14.34M | 0 | 0 | 0 |
| Intangible Assets | 4.79T | 668.09M | 1.1M | 3.31M | 0 | 255 | 1.23M | 0 | 2.79M | 1.2M | 1.38M | 1.74M |
| Long-Term Investments | 34.78K | 0 | 0 | 0 | 0 | 25.17M | 0 | 0 | 0 | 40.41M | 50.11M | 50.02M |
| Other Non-Current Assets | 500.79T | 250.74K | 258.52K | 250.74K | 0 | 0 | 0 | 3.46M | 97.02K | -4.37M | 9.78K | 6.96K |
| Total Assets | 506.71T | 670.43M | 2.73M | 14.21M | 3.8M | 75.7M | 25.14M | 22.45M | 32.85M | 40.49M | 50.28M | 50.83M |
| Asset Turnover | 0.00x | - | - | - | - | - | 0.02x | 0.87x | 0.71x | 0.96x | 0.52x | 0.47x |
| Asset Growth % | 100042176.22% | 24413.27% | -80.75% | 273.86% | -94.98% | 201.18% | 11.97% | -31.67% | -18.86% | -19.46% | -1.1% | - |
| Total Current Liabilities | 1.91T | 1.21M | 1.47M | 403.17K | 333.78K | 18.45M | 3.19M | 16.18M | 13.34M | 661.94K | 243.07K | 211.5K |
| Accounts Payable | 0 | 0 | 0 | 0 | 127.47K | 3.54M | 1.13M | 344.11K | 821.29K | 221.69K | 19.92K | 27.71K |
| Days Payables Outstanding | - | - | - | - | 64.8K | - | 19.53K | 6.6 | 16.05 | 4.21 | 0.51 | 0.71 |
| Short-Term Debt | 361.55B | 518.66K | 502.27K | 0 | 195.73K | 13.34K | 966.24K | 0 | 6.75M | 2.45M | 140.5K | 140.5K |
| Deferred Revenue (Current) | 4.77K | 0 | 0 | 0 | 0 | 0 | 900.52K | 0 | 2.34M | -2.45M | -140.5K | -140.5K |
| Other Current Liabilities | 1.55T | 450.52K | 375.26K | 0 | 0 | 12.64M | 0 | 15.78M | 5.78M | -7.61M | -140.5K | -140.5K |
| Current Ratio | 0.11x | 0.68x | 0.02x | 22.52x | 4.82x | 0.86x | 3.76x | 0.72x | 0.72x | 0.12x | 0.68x | 3.84x |
| Quick Ratio | 0.11x | 0.68x | 0.02x | 22.52x | 4.82x | 0.86x | 3.43x | 0.64x | 0.58x | -13.84x | 0.37x | -6.90x |
| Cash Conversion Cycle | - | - | - | - | - | - | -220.89 | 58.12 | 74.3 | 308.4 | - | - |
| Total Non-Current Liabilities | 716.3B | 1.08M | 1.26M | 1.65M | 0 | 8.74K | 33.7K | 300.68K | 145.38K | 30.37M | 40M | 40M |
| Long-Term Debt | 695.15B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 145.38K | 0 | 0 | 0 |
| Capital Lease Obligations | 3.29M | 781.22K | 1.1M | 1.32M | 0 | 8.74K | 0 | 61.58K | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 21.15B | 297.07K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 153.91K | 327.82K | 0 | 0 | 33.7K | 239.1K | 0 | 30.37M | 0 | 0 |
| Total Liabilities | 2.63T | 2.29M | 2.73M | 2.05M | 333.78K | 18.46M | 3.22M | 16.49M | 13.49M | 31.03M | 40.24M | 40.21M |
| Total Debt | 1.06T | 1.3M | 2.03M | 1.68M | 195.73K | 22.08K | 1.07M | 122.59K | 6.89M | 2.45M | 140.5K | 140.5K |
| Net Debt | 1.04T | 843.84K | 2.01M | -3.5M | -193.38K | -14.57M | 68.81K | -2.36M | 6.16M | 2.38M | -9.81K | -482.54K |
| Debt / Equity | 0.00x | 0.00x | 769.88x | 0.14x | 0.06x | 0.00x | 0.05x | 0.02x | 0.36x | 0.26x | 0.01x | 0.01x |
| Debt / EBITDA | -154805.40x | - | - | - | - | - | - | - | 2.46x | - | - | 3.11x |
| Net Debt / EBITDA | -152343.48x | - | - | - | - | - | - | - | 2.20x | - | - | -10.68x |
| Interest Coverage | - | - | - | -146746.10x | -4760.36x | - | -27.24x | -11.28x | -22.59x | 36.59x | - | - |
| Total Equity | 504.08T | 668.14M | 2.64K | 12.16M | 3.47M | 57.25M | 21.91M | 5.96M | 19.36M | 9.46M | 10.03M | 10.62M |
| Equity Growth % | 125312567.19% | 25279587.67% | -99.98% | 250.77% | -93.94% | 161.24% | 267.54% | -69.21% | 104.73% | -5.72% | -5.56% | - |
| Book Value per Share | 999999.00 | 22.02 | 0.00 | 3.77 | 2.26 | 43.21 | 23.10 | 7.97 | 24.88 | 15.99 | 27.84 | 29.48 |
| Total Shareholders' Equity | 503.79T | 667.86M | -281.71K | 8.35M | 3.47M | 57.25M | 21.91M | 5.96M | 19.36M | 9.46M | 10.03M | 10.62M |
| Common Stock | 6.08B | 5.73K | 1.12K | 545 | 184 | 154 | 2.92K | 2.08K | 1.99K | 256 | 256 | 256 |
| Retained Earnings | -434.14T | -270.07M | -83.19M | -69.36M | -56.84M | -26.02M | 951.77K | -1.56M | 15.27M | -1.35M | -775.82K | -234.21K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 152.64B | 152.63K | 152.59K | 175.31K | 183.93K | 225.86K | 935.64K | -832.27K | -720.69K | 2.84M | -813.92K | 93.94K |
| Minority Interest | 284.32B | 284.34K | 284.35K | 3.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and insolvency
As reported in recent financial filings, GDC's total assets have experienced extreme volatility, swinging from $670.4M in 2025Q4 to $506.7T in 2026Q1, a trend that suggests significant accounting adjustments or potential data anomalies rather than organic growth in the underlying business operations.
The massive fluctuations in asset values indicate a lack of structural stability, making it difficult to assess the company's true economic value. Investors should monitor whether these shifts represent genuine asset acquisition or merely accounting reclassifications that mask a lack of operational progress.
According to the company's balance sheet data, the current ratio plummeted from 22.52 in 2023Q4 to a precarious 0.11 by 2026Q1, signaling that GDC lacks the necessary short-term assets to cover its immediate liabilities without external capital intervention.
This rapid erosion of liquidity suggests that the company is struggling to maintain its operational footprint in the competitive Chinese retail market. The inability to sustain a healthy current ratio implies that the firm may be forced into dilutive financing or asset liquidation to meet basic obligations.
Based on the reported figures, GDC's retained earnings have spiraled into a deep deficit of $434.1T as of 2026Q1, reflecting a persistent history of operational losses that have effectively wiped out shareholder value and created a highly unstable capital structure.
The transition into negative equity territory in previous periods highlights the severe impact of sustained cash burn on the company's financial foundation. This trend suggests that the business model has failed to achieve the scale necessary to generate positive returns for shareholders.
As disclosed in financial statements, the company carries significant goodwill of $4.8T as of 2026Q1, which warrants further investigation as it may represent overvalued intangible assets that are susceptible to future impairment charges given the company's lack of consistent revenue generation.
The reliance on large goodwill balances to prop up total assets is concerning, as it suggests that the company's valuation is heavily dependent on subjective assessments of past acquisitions. If these assets fail to produce expected synergies, the company may face substantial write-downs that would further weaken its already strained balance sheet.
Quick answers to the most common questions about buying GDC stock.
As of 2025, GD Culture Group Limited (GDC) had total assets of $670.4M including $0.8M in current assets.
GD Culture Group Limited (GDC) carries total debt of $1.3M, offset by $0.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
GD Culture Group Limited (GDC) has total shareholders' equity (book value) of $667.9M ($22.02 book value per share). Book value represents the net worth of the company belonging to common stock holders.
GD Culture Group Limited (GDC) 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.