The company maintains a precarious financial position with total liabilities of $823.7M exceeding total assets of $644.0M, resulting in a persistent negative equity balance of $174.0M.
| Total Current Assets | 608.86M | 1.31B | 1.33B | 1.11B | 563.95M | 274.89M | 274.89M |
| Cash & Short-Term Investments | 64.36M | 1.04B | 1.03B | 930.58M | 399.06M | 54.73M | 54.73M |
| Cash Only | 63.5M | 830.16M | 779.93M | 764.28M | 266.43M | 25.1M | 25.1M |
| Short-Term Investments | 858.79K | 210.05M | 246.19M | 166.3M | 132.63M | 29.63M | 29.63M |
| Accounts Receivable | 28.8M | 20.79M | 185.74M | 63.9M | 58.79M | 115.05M | 115.05M |
| Days Sales Outstanding | 3.4 | 2.78 | 17.86 | 7.57 | 7.48 | 23.86 | 23.86 |
| Inventory | 0 | 27.99M | 6.34M | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | 20.28 | 4.21 | - | - | - | - |
| Other Current Assets | 409.79M | 170.29M | 4.42M | 5.63M | 19K | 29K | 29K |
| Total Non-Current Assets | 35.09M | 348.77M | 96.67M | 114.8M | 39.52M | 55.34M | 55.34M |
| Property, Plant & Equipment | 25.04M | 31.19M | 65.46M | 91.42M | 29.09M | 14.09M | 14.09M |
| Fixed Asset Turnover | 123.55x | 87.39x | 57.98x | 33.71x | 98.60x | 124.88x | 124.88x |
| Goodwill | 0 | 26.18M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 9.2M | 0 | 0 | 0 | 33.33M | 33.33M |
| Long-Term Investments | 0 | 59.07M | 9.01M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 10.05M | 223.13M | 21.36M | 21.3M | 10.43M | 7.91M | 7.91M |
| Total Assets | 643.95M | 1.66B | 1.43B | 1.22B | 603.47M | 330.23M | 330.23M |
| Asset Turnover | 4.80x | 1.64x | 2.66x | 2.52x | 4.75x | 5.33x | 5.33x |
| Asset Growth % | 0% | 16.51% | 16.56% | 102.73% | 82.74% | - | - |
| Total Current Liabilities | 114.16M | 614.01M | 869.56M | 944.75M | 713.22M | 573.26M | 573.26M |
| Accounts Payable | 69.8M | 6.8M | 62.07M | 62.09M | 45.18M | 74.46M | 74.46M |
| Days Payables Outstanding | 71.91 | 4.92 | 41.17 | 57.89 | 40.34 | 151.9 | 151.9 |
| Short-Term Debt | 2.18M | 11.1M | 6.76M | 5.66M | 2.44M | 1.1M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 547.48M | 661.61M | 535.82M | 400.93M | 400.93M |
| Other Current Liabilities | -101.25M | 449.97M | 14.02M | -4.73M | 946K | 160K | 160K |
| Current Ratio | 5.33x | 2.14x | 1.53x | 1.17x | 0.79x | 0.48x | 0.48x |
| Quick Ratio | 5.33x | 2.09x | 1.52x | 1.17x | 0.79x | 0.48x | 0.48x |
| Cash Conversion Cycle | -68.51 | 18.14 | -19.1 | - | - | - | - |
| Total Non-Current Liabilities | 8.36M | 114.54M | 39.98M | 52.85M | 679.6M | 36.47M | 36.47M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 7.6M | 7.02M | 16.99M | 52.84M | 6.57M | 1.94M | 1.94M |
| Deferred Tax Liabilities | 0 | 72.02M | 11.63M | 0 | 0 | 8.17M | 8.17M |
| Other Non-Current Liabilities | 4.59M | 14 | 0 | 0 | 664.16M | 0 | 0 |
| Total Liabilities | 823.7M | 728.56M | 909.53M | 997.6M | 1.39B | 609.73M | 609.73M |
| Total Debt | 19.23M | 34.54M | 66.09M | 93.93M | 22.9M | 9.07M | 9.07M |
| Net Debt | -44.27M | -795.62M | -713.84M | -670.35M | -243.53M | -16.03M | -16.03M |
| Debt / Equity | -0.11x | 0.04x | 0.13x | 0.42x | - | - | - |
| Debt / EBITDA | -0.07x | 0.09x | 0.17x | - | - | - | - |
| Net Debt / EBITDA | 0.16x | -1.96x | -1.87x | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - |
| Total Equity | -175.2M | 932.96M | 516.48M | 225.83M | -789.35M | -279.51M | -279.51M |
| Equity Growth % | 37.32% | 80.64% | 128.7% | 128.61% | -182.41% | - | - |
| Book Value per Share | -3.18 | 16.94 | 9.11 | 4.09 | -14.33 | -5.07 | -5.07 |
| Total Shareholders' Equity | -173.97M | 809M | 516.48M | 223.7M | -125.19M | -279.51M | -279.51M |
| Common Stock | 37K | 16.05K | 115K | 112K | 32K | 0 | 0 |
| Retained Earnings | -958.43M | -31.46M | -584.16M | -969.69M | -861.15M | 0 | 0 |
| Treasury Stock | 0 | -6.85M | -109.26M | 0 | 0 | 0 | 0 |
| Accumulated OCI | 3.96M | 2.3M | 17.31M | 22.18M | 1.84M | -279.51M | -279.51M |
| Minority Interest | 0 | 123.97M | 0 | 2.13M | 0 | 0 | 0 |
Negative Shareholder Equity
According to the provided financial data, HERE has maintained a negative equity position of $174.0M since 2022Q1, reflecting a structural inability to retain earnings and suggesting that the company's long-term financial trajectory remains severely compromised by ongoing operational losses and a lack of capital accumulation.
The stagnation of total assets at $644.0M alongside a deep deficit in retained earnings indicates that the company is failing to build intrinsic value. Investors should monitor whether this trajectory necessitates future dilutive financing to address the persistent balance sheet insolvency.
As reported in the company's financial statements, HERE's equity position has remained stuck at negative $174.0M through 2023Q1, which underscores a fundamental lack of shareholder value creation and highlights the risks associated with a balance sheet that is effectively insolvent under current operating conditions.
The negative retained earnings of $958.4M serve as a stark indicator of historical capital destruction that continues to weigh on the firm's financial health. This structure suggests that any potential recovery would require significant capital restructuring rather than simple operational improvements.
Based on the reported figures, HERE maintains a current ratio of 5.33 as of 2023Q1, yet this high liquidity metric appears disconnected from the company's underlying cash burn and suggests that current assets may not be as readily available for operational needs as the headline ratio implies.
While the current ratio suggests a buffer, the lack of consistent profitability means this liquidity is likely transient and dependent on working capital fluctuations. The reliance on non-operational inflows to maintain cash levels warrants further investigation into the quality of these current assets.
Analysis of the balance sheet reveals that HERE's total liabilities of $823.7M significantly exceed its total assets of $644.0M, a condition that has persisted since 2022Q1 and indicates a high degree of financial risk that may not be fully captured by standard liquidity metrics alone.
The persistent gap between assets and liabilities suggests that the company is operating in a state of technical insolvency. This structural imbalance implies that the firm's survival is highly dependent on external financing or favorable working capital timing rather than core business viability.
Quick answers to the most common questions about buying HERE stock.
As of 2025, Here Group Limited (HERE) had total assets of $1.66B including $1.31B in current assets.
Here Group Limited (HERE) carries total debt of $34.5M, offset by $1.04B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Here Group Limited (HERE) has total shareholders' equity (book value) of $809.0M ($16.94 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Here Group Limited (HERE) reported a current ratio of 2.14x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.