The company's financial position appears vulnerable, characterized by a debt-to-equity ratio of 0.99 and a significant contraction in total assets from $88.2M in 2023Q4 to $41.2M in 2025Q4.
| Total Current Assets | 40.22M | 39.13M | 86.89M | 88.4M | 86.92M | 59.66M | 39.5M |
| Cash & Short-Term Investments | 8.38M | 2.45M | 6.41M | 1.14M | 4.13M | 4.88M | 2.28M |
| Cash Only | 8.38M | 2.45M | 6.41M | 1.13M | 3.2M | 2.62M | 2.28M |
| Short-Term Investments | 0 | 0 | 0 | 1.49K | 928.8K | 2.27M | 0 |
| Accounts Receivable | 27.42M | 28.35M | 77.98M | 77.75M | 69.62M | 46.11M | 28.86M |
| Days Sales Outstanding | 53.5 | 58.15 | 132.75 | 97.72 | 90.96 | 101.87 | 88.05 |
| Inventory | 3.08M | 4.36M | 2.44M | 365.62K | 2.46M | 1.72M | 1.48M |
| Days Inventory Outstanding | 6.22 | 9.2 | 4.26 | 0.47 | 3.31 | 3.9 | 4.69 |
| Other Current Assets | 0 | 3.9M | 5.3M | 2.45M | 4.01M | 216.59K | 3.63M |
| Total Non-Current Assets | 1.02M | 842.98K | 1.29M | 1.23M | 586.5K | 652.91K | 787.02K |
| Property, Plant & Equipment | 879.74K | 502.39K | 988.88K | 811.82K | 56.97K | 115.03K | 272.05K |
| Fixed Asset Turnover | 212.62x | 354.17x | 216.82x | 357.69x | 4903.99x | 1436.32x | 439.79x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 128.09K | 204.03K | 288.44K | 378.34K | 490.54K | 532.93K | 484.61K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 14.88K | 1.45K | 10.6K | 14.49K | 7.28K | 1.14K | 5.39K |
| Total Assets | 41.24M | 39.98M | 88.18M | 89.63M | 87.51M | 60.31M | 40.29M |
| Asset Turnover | 4.54x | 4.45x | 2.43x | 3.24x | 3.19x | 2.74x | 2.97x |
| Asset Growth % | 3.16% | -54.66% | -1.63% | 2.43% | 45.09% | 49.71% | - |
| Total Current Liabilities | 25.38M | 24.59M | 72.26M | 78.66M | 80.1M | 57.14M | 38.5M |
| Accounts Payable | 4.28M | 5.26M | 51.13M | 59.56M | 54.44M | 38.73M | 21.52M |
| Days Payables Outstanding | 8.63 | 11.11 | 89.24 | 76.94 | 73.24 | 88.02 | 67.94 |
| Short-Term Debt | 14.82M | 11.75M | 14.02M | 11.86M | 16.94M | 12.45M | 11.36M |
| Deferred Revenue (Current) | 2.22M | 3.04M | 1.67M | 3.65M | 5.39M | 2.61M | 1.66M |
| Other Current Liabilities | 1.66M | 1.82M | 3.87M | 349.68K | 2.6M | 3.06M | 2.5M |
| Current Ratio | 1.58x | 1.59x | 1.20x | 1.12x | 1.09x | 1.04x | 1.03x |
| Quick Ratio | 1.46x | 1.41x | 1.17x | 1.12x | 1.05x | 1.01x | 0.99x |
| Cash Conversion Cycle | 51.08 | 56.24 | 47.77 | 21.26 | 21.04 | 17.75 | 24.79 |
| Total Non-Current Liabilities | 435.82K | 0 | 375.06K | 480.44K | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 435.83K | 0 | 375.06K | 480.44K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 25.82M | 24.59M | 72.63M | 79.14M | 80.1M | 57.14M | 38.5M |
| Total Debt | 15.26M | 12.16M | 14.92M | 12.57M | 16.94M | 12.45M | 11.36M |
| Net Debt | 6.88M | 9.71M | 8.51M | 11.44M | 13.74M | 9.83M | 9.07M |
| Debt / Equity | 0.99x | 0.79x | 0.96x | 1.20x | 2.28x | 3.92x | 6.37x |
| Debt / EBITDA | 8.35x | - | 10.26x | 3.53x | 4.72x | 10.19x | 11.91x |
| Net Debt / EBITDA | 3.76x | - | 5.85x | 3.21x | 3.83x | 8.05x | 9.52x |
| Interest Coverage | 3.99x | -2.35x | 1.54x | 7.25x | 4.89x | 1.18x | 1.06x |
| Total Equity | 15.42M | 15.38M | 15.54M | 10.49M | 7.41M | 3.17M | 1.78M |
| Equity Growth % | 0.27% | -1.05% | 48.11% | 41.57% | 133.61% | 77.95% | - |
| Book Value per Share | 1.33 | 1.48 | 1.51 | 1.02 | 0.72 | 0.31 | 0.17 |
| Total Shareholders' Equity | 15.42M | 15.38M | 15.54M | 10.49M | 7.41M | 3.17M | 1.78M |
| Common Stock | 1.92M | 1.76M | 1.65M | 1.41M | 1.41M | 1.41M | 1.4M |
| Retained Earnings | -6.41M | -7.61M | -5.33M | -7.09M | -9.36M | -11.95M | -12.33M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -608.89K | 1.27M | 430.73K | 1.67M | 765.62K | -333.94K | -459.37K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Extreme liquidity and margin fragility
As reported in recent financial filings, IZM's total assets have declined from $88.2M in 2023Q4 to $41.2M in 2025Q4, signaling a significant contraction in the company's operational footprint and a potential reduction in the scale of its electronics distribution activities within the Chinese market.
The sharp reduction in total assets suggests that the company is struggling to maintain its previous scale, likely due to cooling demand among its SME client base. This downward trajectory in asset volume warrants concern, as it may indicate a loss of market relevance or a strategic retreat from capital-intensive inventory positions.
Based on the company's reported figures, the debt-to-equity ratio has fluctuated significantly, reaching 0.99 in 2025Q4, which highlights the company's reliance on external financing to manage its working capital needs despite the inherent risks of its low-margin business model.
While the current leverage level appears manageable on the surface, the volatility in debt levels suggests that IZM is highly sensitive to credit availability. Investors should monitor whether this debt is being used to fund growth or merely to bridge gaps in the cash conversion cycle.
According to the latest balance sheet data, IZM maintains a current ratio of 1.58, yet its cash position of $8.4M remains thin relative to its operational scale, leaving the company with a limited buffer against sudden shocks in the volatile Chinese electronics spot market.
The modest current ratio may provide a false sense of security, as the liquidity of the underlying inventory is unproven and potentially subject to rapid obsolescence. The company's ability to meet short-term obligations appears highly dependent on the timely collection of receivables from its fragmented SME customer base.
As evidenced by the company's financial statements, retained earnings remain negative at -$6.4M as of 2025Q4, reflecting a history of cumulative losses that continue to weigh on the overall quality of the equity base and limit the company's financial flexibility.
The persistent deficit in retained earnings suggests that the business has struggled to generate consistent, long-term value for shareholders. This structural weakness in the equity account implies that the company may be reliant on external capital injections to sustain its operations, which could lead to future dilution.
Based on the provided data, the company's reliance on a small, fluctuating cash balance and significant working capital requirements suggests that the headline balance sheet figures may mask underlying operational risks related to inventory turnover and the collectability of trade receivables.
The presence of goodwill and other intangibles, while small, warrants further investigation to ensure that these assets are not overvalued given the company's thin margins. The overall balance sheet structure appears highly sensitive to minor shifts in the operating environment, which could quickly erode the remaining equity.
Quick answers to the most common questions about buying IZM stock.
As of 2025, ICZOOM Group Inc. (IZM) had total assets of $41.2M including $40.2M in current assets.
ICZOOM Group Inc. (IZM) carries total debt of $15.3M, offset by $8.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
ICZOOM Group Inc. (IZM) has total shareholders' equity (book value) of $15.4M ($1.33 book value per share). Book value represents the net worth of the company belonging to common stock holders.
ICZOOM Group Inc. (IZM) reported a current ratio of 1.58x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.