The company's financial stability is increasingly strained, evidenced by a debt-to-equity ratio of 1.74 and a significant goodwill impairment risk comprising $3.9M of total assets.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 |
|---|
| Total Current Assets | 2.13M | 2.81M | 74.49K | 814.35K | 658.93K | 1.36M | 5.25M | 3.47M | 753.38K | 548.13K | 110.88K | 632.24K | 3.01M | 1.32M | 5.59M | 74.02M | 74.02M | 557.25M | 0 | 744.6M | 521.2M | 1.34B |
| Cash & Short-Term Investments | 2.12M | 2.75M | 50.68K | 787.65K | 645.43K | 925.76K | 1.23M | 967.21K | 641.54K | 478.4K | 60.19K | 570.09K | 2.88M | 0 | 5.59M | 13.96M | 13.96M | 557.25M | 0 | 744.6M | 521.2M | 1.07B |
| Cash Only | 2.12M | 2.75M | 50.68K | 787.65K | 645.43K | 925.76K | 1.23M | 967.21K | 641.54K | 478.4K | 60.19K | 570.09K | 2.88M | 0 | 5.59M | 13.96M | 13.96M | 557.25M | 0 | 744.6M | 521.2M | 1.07B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.67K | 45.49K | 0 | 9.3K | 5K | 0 | 3.93M | 2.39M | 12.1K | 15.02K | 17.19K | 44.95K | 122.06K | 1.32M | 0 | 22.2M | 22.2M | 0 | 0 | 0 | 0 | 166.54M |
| Days Sales Outstanding | 1.6 | 4.93 | - | 1.1 | 0.96 | - | 200.86 | 193.33 | 41.29 | 58.66 | 22.5 | 146.99 | 1.37K | 0.25 | - | 5.72 | 4.46 | - | - | - | - | 30.68 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 559K |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.42 |
| Other Current Assets | 13.45K | 10.13K | 8.25K | 17.4K | 8.5K | 0 | 89.97K | 109.91K | 99.74K | 54.71K | 33.49K | 17.2K | 14.37K | 0 | 0 | 37.86M | 37.86M | 0 | 0 | 0 | 0 | 102.04M |
| Total Non-Current Assets | 10.21M | 12.74M | 1.77M | 1.93M | 2.24M | 352.32M | 5.55M | 6.32M | 16.25K | 9.72K | 18.21K | 497.29K | 983.94K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.28B |
| Property, Plant & Equipment | 1.34M | 1.4M | 1.77M | 1.93M | 2.24M | 0 | 0 | 27.18K | 16.25K | 9.72K | 10.15K | 6.31K | 9.27K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | 2.11x | 2.40x | 2.08x | 1.60x | 0.85x | - | - | 166.19x | 6.58x | 9.62x | 27.49x | 17.68x | 3.50x | - | - | - | - | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 3.3M | 3.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.92M | 4.03M | 0 | 0 | 0 | 0 | 2.25M | 2.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.28B |
| Long-Term Investments | 33.05M | 7.3M | 0 | 56.71M | 356.98M | 351.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 5K | 5K | 0 | -56.71M | -356.98M | 414.52K | 0 | 181.05K | 0 | 0 | 8.07K | 490.97K | 974.67K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 12.35M | 15.54M | 1.85M | 2.75M | 2.9M | 353.68M | 10.8M | 9.79M | 769.63K | 557.85K | 129.09K | 1.13M | 4M | 1.32M | 5.59M | 6.58B | 7.99B | 2.27B | 2.16B | 2.52B | 2.36B | 2.63B |
| Asset Turnover | 0.17x | 0.22x | 1.99x | 1.13x | 0.65x | - | 0.66x | 0.46x | 0.14x | 0.17x | 2.16x | 0.10x | 0.01x | 1470.94x | 315.89x | 0.22x | 0.23x | 2.57x | 2.62x | 0.94x | 1.08x | 0.75x |
| Asset Growth % | 3134.33% | 742.36% | -32.84% | -5.33% | -99.18% | 3174.21% | 10.37% | 1171.6% | 37.96% | 332.13% | -88.57% | -71.74% | 203.24% | -76.42% | -99.92% | -17.65% | 252.17% | 5.17% | -14.26% | 6.66% | -10.11% | - |
| Total Current Liabilities | 2.26M | 2.31M | 3.37M | 3.24M | 2.87M | 149.74K | 2.18M | 1.28M | 90.81K | 202.95K | 96.98K | 177.79K | 156.58K | 2.13M | 105.61M | 96.29M | 137.44M | 693.35M | 454.4M | 363.11M | 433.12M | 758.37M |
| Accounts Payable | 125.69K | 145.99K | 7.2K | 60 | 544 | 137.92K | 1.72M | 851.87K | 15.4K | 30.11K | 3.67K | 74.2K | 35.01K | 2.13M | 24.46M | 37.7M | 37.7M | 89.42M | 121.21M | 170.83M | 359.81M | 487.23M |
| Days Payables Outstanding | 142.25 | 36.78 | 1.63 | 0.02 | 0.11 | - | 82.7 | 111.89 | 175.65 | - | 2.78 | 56.19 | 26.51 | - | - | - | - | 8.51 | 11.67 | 44.38 | 155.84 | 366.36 |
| Short-Term Debt | 280.68K | 195.35K | 130K | 0 | 0 | 0 | 30.08K | 25.71K | 10.46K | 44.19K | 5.36K | 32.57K | 48.67K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 8.06M | 1.87M | 0 | 2.56M | 2.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100.49M | 0 | 135.25M |
| Other Current Liabilities | 97.33K | 0 | 2.78M | 0 | 0 | 11.82K | 425.86K | 399.82K | 64.94K | 128.65K | 87.96K | 71.03K | 72.9K | 0 | 81.14M | 58.59M | 99.74M | 603.93M | 333.19M | 91.79M | 73.31M | 135.89M |
| Current Ratio | 0.94x | 1.21x | 0.02x | 0.25x | 0.23x | 9.11x | 2.41x | 2.72x | 8.30x | 2.70x | 1.14x | 3.56x | 19.24x | 0.62x | 0.05x | 0.77x | 0.54x | 0.80x | - | 2.05x | 1.20x | 1.77x |
| Quick Ratio | 0.94x | 1.21x | 0.02x | 0.25x | 0.23x | 9.11x | 2.41x | 2.72x | 8.30x | 2.70x | 1.14x | 3.56x | 19.24x | 0.62x | 0.05x | 0.77x | 0.54x | 0.80x | - | 2.05x | 1.20x | 1.77x |
| Cash Conversion Cycle | -140.64 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -335.25 |
| Total Non-Current Liabilities | 6.41M | 9.45M | 2.99M | 3.21M | 3.3M | 19.96M | 73.83K | 101.9K | 25.87K | 502.31K | 347.7K | 106.77K | 83.68K | 2.13M | 24.46M | 37.7M | 37.7M | 89.42M | 121.21M | 271.32M | 359.81M | 622.48M |
| Long-Term Debt | 6.12M | 9.25M | 1.75M | 1.65M | 1.45M | 0 | 73.83K | 101.9K | 0 | 502.31K | 347.7K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 1.21M | 0 | 1.24M | 1.56M | 1.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 740.32K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 284.63K | 207K | 0 | 0 | 0 | 19.96M | 0 | 0 | 25.87K | 0 | 0 | 106.77K | 83.68K | 2.13M | 24.46M | 37.7M | 37.7M | 89.42M | 121.21M | 271.32M | 359.81M | 622.48M |
| Total Liabilities | 8.67M | 11.77M | 6.36M | 6.45M | 6.17M | 20.11M | 2.3M | 1.38M | 90.81K | 705.26K | 444.68K | 177.79K | 156.58K | 3.61B | 3.36B | 3.34B | 4.06B | 693.35M | 454.4M | 363.11M | 434.58M | 767.77M |
| Total Debt | 6.4M | 9.44M | 3.44M | 3.5M | 3.58M | 0 | 103.92K | 127.61K | 10.46K | 546.5K | 353.05K | 32.57K | 48.67K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | 4.29M | 6.69M | 3.39M | 2.71M | 2.93M | -925.76K | -1.12M | -839.6K | -631.07K | 68.1K | 292.86K | -537.52K | -2.83M | 0 | -5.59M | -13.96M | -13.96M | -557.25M | 0 | -744.6M | -521.2M | -1.07B |
| Debt / Equity | 1.74x | 2.50x | - | - | - | - | 0.01x | 0.02x | 0.02x | - | - | 0.03x | 0.01x | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | -1.87x | - | - | - | - | - | 0.00x | - | - | - | - | - | 0.01x | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -1.25x | - | - | - | - | -0.15x | -0.00x | - | - | - | - | - | -0.51x | - | - | - | - | - | - | - | - | -6.34x |
| Interest Coverage | -7.58x | - | -90.44x | -52.93x | -348.13x | - | - | - | - | - | - | -181.86x | 0.65x | -6168.20x | -0.92x | -44.82x | -3.42x | -10.45x | - | - | - | 31.04x |
| Total Equity | 3.68M | 3.78M | -4.52M | -3.7M | -3.27M | 333.57M | 8.67M | 8.41M | 678.83K | -147.41K | -315.59K | 951.73K | 3.84M | 0 | 0 | 3.24B | 3.93B | 1.58B | 1.7B | 2.15B | 1.93B | 0 |
| Equity Growth % | 756.09% | 183.58% | -22.1% | -13.25% | -100.98% | 3747.28% | 3.13% | 1138.51% | 560.51% | 53.29% | -133.16% | -75.22% | - | - | -100% | -17.44% | 149.18% | -7.47% | -20.9% | 11.88% | - | - |
| Book Value per Share | 7.04 | 7.67 | -10.19 | -8.37 | -7.39 | 386.74 | 3.31 | 3.47 | 0.47 | -0.12 | -0.27 | 0.85 | 2.76 | 2507.68 | 2537.90 | 2538.19 | 3588.91 | 1946.12 | 2427.08 | 3284.55 | 3528.80 | 3780.49 |
| Total Shareholders' Equity | 3.68M | 3.78M | -4.52M | -3.7M | -3.27M | 333.57M | 8.67M | 8.41M | 678.83K | -147.41K | -315.59K | 951.73K | 3.84M | 3.37B | 3.26B | 3.24B | 3.93B | 1.58B | 1.7B | 2.15B | 1.93B | 1.97B |
| Common Stock | 130 | 63 | 158 | 150 | 150 | 863 | 49.09M | 48.94T | 26.55T | 23.13B | 21.22B | 19.33M | 19.26M | 0 | 19.2B | 18.24B | 18.23B | 14.8B | 13.94B | 13.24B | 11.57B | 11.28B |
| Retained Earnings | -15.83M | -11.64M | -4.6M | -3.76M | -3.32M | -18.33M | 0 | -40.55M | -25.9M | -23.31M | -21.56M | -18.41M | -15.44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 24.58K | 24.58K | 24.58K | 24.58K | 24.58K | 24.58K | 24.58K | 24.58M | 24.58M | 24.58M | 24.58M | 24.58M | 24.58M | 24.58M | 24.58M | 24.58M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and insolvency risk
As reported in recent financial statements, KIDZ's total assets have declined from $22.6M in 2025Q3 to $12.3M in 2026Q1, reflecting a rapid contraction in the company's resource base that mirrors its ongoing inability to achieve operational self-sufficiency or stabilize its financial position.
The consistent decline in total assets suggests that the company is consuming its capital base to fund operating losses rather than reinvesting in growth. This trajectory indicates a weakening balance sheet that may struggle to support future operations without significant external capital injections.
Based on the latest quarterly filings, KIDZ's current ratio has fallen to 0.94 as of 2026Q1, indicating that the company's liquid assets are insufficient to cover its short-term obligations, a precarious position that warrants close monitoring by investors concerned with near-term solvency.
The current ratio below unity suggests that the company faces immediate pressure to manage its working capital effectively. Given the persistent cash burn, this liquidity constraint may force management to prioritize survival over strategic initiatives, potentially limiting future competitive flexibility.
According to the company's balance sheet data, the debt-to-equity ratio reached 1.74 in 2026Q1, which, when viewed alongside the company's negative retained earnings of $15.8M, suggests that debt is being utilized to sustain operations rather than to fuel productive asset expansion.
The reliance on debt in the face of mounting losses indicates a high-risk capital structure that leaves little room for error. Investors should consider whether the current debt load is sustainable given the company's inability to generate positive cash flow from its core tutoring services.
As disclosed in recent filings, goodwill accounts for $3.9M of the company's $12.3M total assets, representing a significant portion of the balance sheet that may be subject to impairment if the underlying business performance continues to deteriorate as observed in recent quarters.
The presence of substantial goodwill on the balance sheet during a period of revenue contraction raises concerns regarding the carrying value of these assets. If the company cannot demonstrate future profitability, these intangibles may require write-downs, further eroding the already thin equity base.
Financial data indicates that KIDZ's equity position has been severely impacted by accumulated losses, with retained earnings reaching -$15.8M in 2026Q1, a trend that suggests the company's book value is increasingly disconnected from its operational reality and long-term viability.
The persistent negative retained earnings highlight the cumulative impact of the company's operating losses on shareholder value. This structural deficit suggests that the company may be approaching a point where equity-based financing becomes increasingly difficult, potentially necessitating dilutive measures or debt restructuring.
Quick answers to the most common questions about buying KIDZ stock.
As of 2025, Classover Holdings, Inc. Class B (KIDZ) had total assets of $15.5M including $2.8M in current assets.
Classover Holdings, Inc. Class B (KIDZ) carries total debt of $9.4M, offset by $2.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Classover Holdings, Inc. Class B (KIDZ) has total shareholders' equity (book value) of $3.8M ($7.67 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Classover Holdings, Inc. Class B (KIDZ) reported a current ratio of 1.21x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.