Total assets have eroded significantly to $144.6K, leaving the company with a precarious equity base of $110.6K and minimal tangible infrastructure to support future operations.
| Total Current Assets | 140.32K | 11.95M | 8.57M | 7.12M | 4.19M |
| Cash & Short-Term Investments | 4.97K | 2M | 1.11M | 3.69M | 1.78M |
| Cash Only | 4.97K | 2M | 1.11M | 3.69M | 1.78M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 45.21K | 7.11M | 2.52M | 2.73M | 1.41M |
| Days Sales Outstanding | 482.78 | 252.38 | 72.33 | 45.25 | 33.17 |
| Inventory | 7.54K | 66.33K | 679.73K | 3.07K | 440.8K |
| Days Inventory Outstanding | 283.83 | 3.95 | 22.82 | 0.06 | 12.44 |
| Other Current Assets | 67.34K | 7.07K | 4.28K | 699.99K | 98.93K |
| Total Non-Current Assets | 4.25K | 739.54K | 2.06M | 1.95M | 3.39M |
| Property, Plant & Equipment | 4.25K | 739.54K | 783.59K | 685.67K | 3.07M |
| Fixed Asset Turnover | 8.04x | 13.91x | 16.25x | 32.13x | 5.04x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 1.07M | 2.22M |
| Long-Term Investments | 0 | 0 | 0 | 145.45K | 179.37K |
| Other Non-Current Assets | 0 | 0 | 1.13M | -155.32K | -2.22M |
| Total Assets | 144.57K | 12.69M | 10.63M | 9.08M | 7.58M |
| Asset Turnover | 0.24x | 0.81x | 1.20x | 2.43x | 2.04x |
| Asset Growth % | -98.86% | 19.35% | 17.12% | 19.75% | - |
| Total Current Liabilities | 27.64K | 4.39M | 4.7M | 3.69M | 2.42M |
| Accounts Payable | 355 | 624.72K | 1.14M | 518.32K | 539.26K |
| Days Payables Outstanding | 13.36 | 37.24 | 38.36 | 10.32 | 15.22 |
| Short-Term Debt | 18.5K | 1.43M | 535.23K | 4.76K | 847.21K |
| Deferred Revenue (Current) | 540 | 533.63K | 530.49K | 3.08K | 147.81K |
| Other Current Liabilities | 987 | 9.32K | 44.58K | 1.42M | 65.74K |
| Current Ratio | 5.08x | 2.73x | 1.82x | 1.93x | 1.74x |
| Quick Ratio | 4.80x | 2.71x | 1.68x | 1.93x | 1.55x |
| Cash Conversion Cycle | 753.25 | 219.09 | 56.79 | 34.99 | 30.39 |
| Total Non-Current Liabilities | 6.32K | 1.28M | 2.44M | 2.65M | 3.44M |
| Long-Term Debt | 6.32K | 839.56K | 2M | 2.65M | 3.39M |
| Capital Lease Obligations | 1.79K | 441.5K | 439.85K | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 51.24K |
| Other Non-Current Liabilities | -1.79K | 0 | 0 | 0 | 0 |
| Total Liabilities | 33.96K | 5.67M | 7.14M | 6.34M | 5.86M |
| Total Debt | 26.61K | 2.94M | 3.16M | 3.34M | 4.24M |
| Net Debt | 21.64K | 938.69K | 2.05M | -343.35K | 2.46M |
| Debt / Equity | 0.24x | 0.42x | 0.90x | 1.22x | 2.45x |
| Debt / EBITDA | - | 12.52x | - | 2.24x | 4.63x |
| Net Debt / EBITDA | - | 4.00x | - | -0.23x | 2.69x |
| Interest Coverage | -1.86x | - | -6.79x | 15.35x | 10.76x |
| Total Equity | 110.61K | 7.02M | 3.5M | 2.73M | 1.73M |
| Equity Growth % | -98.43% | 100.89% | 27.88% | 58.44% | - |
| Book Value per Share | 0.02 | 3.27 | 1.75 | 1.27 | 0.80 |
| Total Shareholders' Equity | 110.61K | 7.02M | 3.5M | 2.73M | 1.73M |
| Common Stock | 197 | 5.38K | 5K | 5K | 5K |
| Retained Earnings | -38.97K | 1.61M | 2.05M | 2.72M | 1.65M |
| Treasury Stock | -8 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 5.58K | -185.4K | -110.55K | -106.38K | -48.66K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Imminent Going Concern Risk
As reported in financial statements, LGCB's total assets have plummeted from $19.6 million in 2025Q2 to a mere $144.6 thousand by 2025Q4, signaling a near-total liquidation of the company's resource base and a fundamental contraction of its operational footprint within the Japan-China trade corridor.
The precipitous decline in asset value suggests that the company has been forced to divest or write down significant portions of its balance sheet to meet ongoing obligations. This trajectory indicates that the firm is no longer functioning as a going concern, as the remaining asset base is insufficient to support meaningful commercial activity.
Based on recent SEC filings, LGCB's cash reserves have collapsed to just $4,974, a level that provides virtually no buffer against operational shocks and suggests the company is currently unable to fund its basic administrative requirements without immediate, likely dilutive, external capital injections.
While the current ratio appears superficially high at 5.08, this is a mathematical artifact of the company's extreme downsizing rather than a sign of financial health. Investors should monitor this liquidity position closely, as the lack of cash effectively removes any margin for error in the company's turnaround efforts.
According to the latest balance sheet data, LGCB's equity has eroded to $110.6 thousand, down from $6.9 million in 2025Q2, reflecting the severe impact of persistent net losses and the rapid depletion of retained earnings as the business model has failed to maintain its scale.
The rapid deterioration of equity suggests that the company has been unable to generate internal value, forcing a reliance on capital preservation that has ultimately failed. This trend implies that shareholders face a high risk of total loss, as the equity base is now negligible relative to the company's historical valuation.
As indicated by the provided financial data, the company's asset base has shifted toward a negligible $4.3 thousand in net PPE, suggesting that the firm has effectively shed its physical infrastructure and is now operating as a hollowed-out entity with little tangible value remaining for stakeholders.
The absence of goodwill or significant intangible assets on the balance sheet implies that the market is not assigning value to any potential intellectual property or brand equity. This lack of tangible or intangible backing warrants further investigation into whether the company retains any viable operational assets beyond its corporate registration.
Quick answers to the most common questions about buying LGCB stock.
As of 2025, Linkage Global Inc Ordinary Shares (LGCB) had total assets of $0.1M including $0.1M in current assets.
Linkage Global Inc Ordinary Shares (LGCB) carries total debt of $0.0M, offset by $0.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Linkage Global Inc Ordinary Shares (LGCB) has total shareholders' equity (book value) of $0.1M ($0.02 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Linkage Global Inc Ordinary Shares (LGCB) reported a current ratio of 5.08x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.