Shareholder value has been significantly degraded as evidenced by the shift in retained earnings from a positive $2.7 million in 2021Q2 to a substantial deficit of $40.3 million by 2025Q4.
| Total Current Assets | 16.01M | 17.63M | 26.66M | 59.9M | 46.31M | 29.59M | 11.19M | 7.31M |
| Cash & Short-Term Investments | 2.74M | 2.18M | 1.25M | 16.72M | 21.25M | 18.24M | 11.51K | 227.77K |
| Cash Only | 2.74M | 2.18M | 1.25M | 16.72M | 21.25M | 18.24M | 11.51K | 227.77K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 78.25K | 2.04M | 2.45M | 6.49M | 5.45M | 988.76K | 0 | 0 |
| Days Sales Outstanding | 0.17 | 5.61 | 5.58 | 11.29 | 11.63 | 3.73 | - | - |
| Inventory | 11.89M | 8.34M | 21.58M | 35.02M | 17.53M | 10.11M | 10.69M | 2.49M |
| Days Inventory Outstanding | 28.27 | 23.12 | 50.25 | 62.74 | 40.17 | 42.7 | 69.58 | 45.09 |
| Other Current Assets | 1.31M | 1.81M | 1.38M | 3M | 3M | 420.97K | 33.85K | 478.94K |
| Total Non-Current Assets | 5.88M | 8.21M | 8.64M | 11.3M | 12.42M | 4.27M | 69.09K | 42.74K |
| Property, Plant & Equipment | 1.72M | 2.62M | 2.7M | 4.41M | 5.81M | 3.69M | 15.31K | 11.29K |
| Fixed Asset Turnover | 96.16x | 50.83x | 59.24x | 47.62x | 29.42x | 26.28x | 4033.69x | 2141.63x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.08M | 511.74K | 634.65K | 855.11K | 386.51K | 34.93K | 53.77K | 31.45K |
| Long-Term Investments | 2.82M | 3.73M | 3.89M | 4.45M | 4.86M | 3.72M | 0 | 0 |
| Other Non-Current Assets | 265.05K | 882.6K | 895.77K | 919.72K | 1.09M | -3.17M | -69.09K | -42.74K |
| Total Assets | 21.89M | 25.85M | 35.3M | 71.2M | 58.73M | 33.86M | 11.26M | 7.35M |
| Asset Turnover | 7.54x | 5.14x | 4.53x | 2.95x | 2.91x | 2.86x | 5.49x | 3.29x |
| Asset Growth % | -15.31% | -26.77% | -50.43% | 21.24% | 73.42% | 200.77% | 53.11% | - |
| Total Current Liabilities | 9.55M | 7.41M | 9.05M | 31.64M | 15.05M | 12.15M | 6.88M | 4.98M |
| Accounts Payable | 2.13M | 2.38M | 3.96M | 8.14M | 7.39M | 6.27M | 2.91M | 1.7M |
| Days Payables Outstanding | 5.07 | 6.58 | 9.22 | 14.58 | 16.93 | 26.49 | 18.96 | 30.76 |
| Short-Term Debt | 657.89K | 0 | 423.57K | 2.46M | 2.67M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 2.6M | 2.37M | 2.36M | 18.47M | 2.15M | 1.7M | 1.99M | 1.4M |
| Other Current Liabilities | 3.29M | 0 | 823.76K | 2.2M | 2.22M | 580.9K | 0 | 293.29K |
| Current Ratio | 1.68x | 2.38x | 2.95x | 1.89x | 3.08x | 2.44x | 1.63x | 1.47x |
| Quick Ratio | 0.43x | 1.25x | 0.56x | 0.79x | 1.91x | 1.60x | 0.07x | 0.97x |
| Cash Conversion Cycle | 23.37 | 22.14 | 46.62 | 59.45 | 34.87 | 19.94 | - | - |
| Total Non-Current Liabilities | 881.05K | 1.52M | 1.03M | 2.1M | 3.99M | 2.97M | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 3.99B | 0 | 0 | 0 |
| Capital Lease Obligations | 881.05K | 1.52M | 1.03M | 2.1M | 3.99M | 2.97M | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | -3.99B | 0 | 0 | 0 |
| Total Liabilities | 10.44M | 8.93M | 10.08M | 33.74M | 19.04M | 15.12M | 6.88M | 4.98M |
| Total Debt | 1.54M | 2.22M | 2.4M | 5.74M | 7.98M | 3.69M | 0 | 0 |
| Net Debt | -1.2M | 37.6K | 1.15M | -10.98M | -13.27M | -14.56M | -11.51K | -227.77K |
| Debt / Equity | 0.13x | 0.13x | 0.10x | 0.15x | 0.20x | 0.20x | - | - |
| Debt / EBITDA | - | - | - | - | - | 0.70x | - | - |
| Net Debt / EBITDA | - | - | - | - | - | -2.75x | -0.01x | -0.11x |
| Interest Coverage | - | -267.31x | -148.70x | -101.09x | -70.32x | - | - | - |
| Total Equity | 11.45M | 16.91M | 25.21M | 37.47M | 39.68M | 18.74M | 4.37M | 2.37M |
| Equity Growth % | -32.28% | -32.92% | -32.7% | -5.59% | 111.7% | 328.49% | 84.47% | - |
| Book Value per Share | 5.24 | 7.79 | 11.78 | 1.27 | 1.62 | 14.83 | 0.17 | 0.12 |
| Total Shareholders' Equity | 11.45M | 16.91M | 25.2M | 37.43M | 39.68M | 18.74M | 4.37M | 2.37M |
| Common Stock | 3.8K | 3.47K | 3.47K | 3.41K | 2.57K | 2.12K | 2K | 2K |
| Retained Earnings | -40.28M | -34M | -26.04M | -14.57M | -3.04M | 3.35M | 66.04K | 368.46K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.44M | -1.77M | -1.45M | -556.18K | 1.89M | 1.22M | 135.29K | 103.16K |
| Minority Interest | 0 | -1.07K | 11.59K | 33.47K | 0 | 0 | 0 | 0 |
Liquidity and solvency constraints
As reported in recent financial statements, Jowell Global's total assets have declined from $66.5 million in 2021Q2 to $21.9 million by 2025Q4, reflecting a significant erosion of the company's resource base that suggests a potential contraction in operational scale or a failure to replace depreciating assets.
The consistent downward trend in total assets indicates that the company is struggling to maintain its footprint, which may undermine its O2O retail strategy. Investors should monitor whether this shrinkage is a deliberate pivot to a leaner model or a forced liquidation of resources to cover ongoing operating losses.
Based on the most recent quarterly filings, Jowell Global's cash position has plummeted to $2.7 million, a stark reduction from the $29.8 million reported in 2021Q2, which leaves the company with a dangerously thin buffer to manage its working capital requirements and ongoing operational cash burn.
The current liquidity profile appears insufficient to support the company's high-volume, low-margin business model for an extended period. This lack of cash runway suggests that the firm may face significant pressure to secure external financing or risk an inability to meet short-term obligations.
According to the company's balance sheet data, retained earnings have shifted from a positive $2.7 million in 2021Q2 to a substantial deficit of $40.3 million by 2025Q4, highlighting a persistent inability to generate profitable growth and the resulting degradation of the firm's equity base.
The rapid accumulation of losses suggests that the company's core business model is not yet self-sustaining. This erosion of equity may limit the company's future financial flexibility and could necessitate dilutive capital raises if the trend of negative earnings continues to persist.
As indicated by the provided financial data, the company's net PPE has fallen from $5.4 million in 2021Q2 to $1.7 million in 2025Q4, which may imply that the physical infrastructure supporting the Love Home network is aging or being under-maintained to preserve remaining cash reserves.
The decline in PPE relative to the reported store count warrants further investigation into the quality and operational status of these physical locations. If the assets are not being refreshed, the company's competitive moat may be significantly weaker than the headline store count figures would otherwise suggest.
Quick answers to the most common questions about buying JWEL stock.
As of 2025, Jowell Global Ltd. (JWEL) had total assets of $21.9M including $16.0M in current assets.
Jowell Global Ltd. (JWEL) carries total debt of $1.5M, offset by $2.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Jowell Global Ltd. (JWEL) has total shareholders' equity (book value) of $11.5M ($5.24 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Jowell Global Ltd. (JWEL) reported a current ratio of 1.68x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.