The company's financial stability is increasingly strained as the debt-to-equity ratio climbed to 0.68 in 2025Q4 from 0.26 in 2024Q4, while equity base eroded to $7.0M.
| Total Current Assets | 17.83M | 21.21M | 16.1M | 13.15M | 8.1M | 6.02M |
| Cash & Short-Term Investments | 1.66M | 1.38M | 527.1K | 207.1K | 620.28K | 114.46K |
| Cash Only | 908.34K | 1.38M | 470.33K | 182.83K | 614.01K | 70.02K |
| Short-Term Investments | 747.71K | 101.32K | 56.77K | 24.27K | 6.28K | 44.44K |
| Accounts Receivable | 3.62M | 1.51M | 2.53M | 6.57M | 1.46M | 312.25K |
| Days Sales Outstanding | 56.89 | 25.96 | 59.73 | 131.11 | 37.72 | 12.35 |
| Inventory | 9.7M | 8.59M | 5.74M | 3.81M | 1.99M | 2.31M |
| Days Inventory Outstanding | 175.93 | 167.43 | 157.86 | 91.15 | 64.82 | 108.69 |
| Other Current Assets | 4.86K | 2.52M | 1.46M | 377.59K | 2.79M | 2.9M |
| Total Non-Current Assets | 2.67M | 2.81M | 3.57M | 3.79M | 3.17M | 508.71K |
| Property, Plant & Equipment | 2.11M | 1.77M | 1.65M | 1.55M | 413.29K | 478.06K |
| Fixed Asset Turnover | 11.00x | 12.00x | 9.38x | 11.82x | 34.19x | 19.30x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 308.55K | 871.04K | 1.92M | 1.44M | 1.11M | 30.65K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 1.57M | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 797.4K | 73.03K | 0 |
| Total Assets | 20.5M | 24.02M | 19.67M | 16.94M | 11.27M | 6.53M |
| Asset Turnover | 1.13x | 0.88x | 0.79x | 1.08x | 1.25x | 1.41x |
| Asset Growth % | -14.67% | 22.1% | 16.14% | 50.28% | 72.65% | - |
| Total Current Liabilities | 12.85M | 13.91M | 13.34M | 11.5M | 7.88M | 4.72M |
| Accounts Payable | 1.77M | 2.22M | 929.82K | 1.8M | 863.24K | 1.31M |
| Days Payables Outstanding | 32.08 | 43.21 | 25.58 | 42.91 | 28.14 | 61.75 |
| Short-Term Debt | 3.01M | 858.01K | 1.67M | 1.86M | 1.14M | 19.55K |
| Deferred Revenue (Current) | 2.07M | 1.84M | 1.56M | 159.84K | 254.49K | 691.03K |
| Other Current Liabilities | 0 | 5.49M | 8.82M | 7.46M | 5.6M | 2.66M |
| Current Ratio | 1.39x | 1.52x | 1.21x | 1.14x | 1.03x | 1.28x |
| Quick Ratio | 0.63x | 0.91x | 0.78x | 0.81x | 0.78x | 0.79x |
| Cash Conversion Cycle | 200.74 | 150.18 | 192.01 | 179.35 | 74.4 | 59.29 |
| Total Non-Current Liabilities | 657.32K | 790.88K | 451.13K | 362.45K | 277.03K | 20.46K |
| Long-Term Debt | 95.44K | 236.51K | 140.85K | 0 | 219.69K | 0 |
| Capital Lease Obligations | 410.57K | 554.37K | 298.96K | 314.39K | 13.35K | 20.46K |
| Deferred Tax Liabilities | 151.31K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 11.32K | 48.06K | 43.99K | 0 |
| Total Liabilities | 13.51M | 14.7M | 13.79M | 10.42M | 6.72M | 4.74M |
| Total Debt | 4.75M | 2.42M | 2.47M | 2.39M | 1.4M | 79.61K |
| Net Debt | 3.84M | 1.04M | 2M | 552.55K | -356.39K | 9.59K |
| Debt / Equity | 0.68x | 0.26x | 0.42x | 0.37x | 0.31x | 0.04x |
| Debt / EBITDA | - | - | 1.60x | 1.14x | 0.59x | 0.09x |
| Net Debt / EBITDA | - | - | 1.30x | 0.26x | -0.15x | 0.01x |
| Interest Coverage | -2.09x | -36292.70x | 178.32x | 92.69x | 176.95x | - |
| Total Equity | 6.99M | 9.32M | 5.88M | 6.52M | 4.55M | 1.79M |
| Equity Growth % | -25.04% | 58.57% | -9.8% | 43.14% | 154.31% | - |
| Book Value per Share | 0.75 | 1.30 | 0.92 | 1.14 | 0.80 | 0.23 |
| Total Shareholders' Equity | 6.99M | 9.32M | 5.65M | 6.3M | 2.93M | 1.63M |
| Common Stock | 12.57K | 8.63K | 6.4K | 5.7K | 6.4K | 5.7K |
| Retained Earnings | -3.8M | 644.93K | 2.49M | 3.83M | 969.58K | 1.41M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -34.94K | -113.13K | 143.78K | 227.43K | 148.36K | 216.32K |
| Minority Interest | 0 | 0 | 225.07K | 212.76K | 180.59K | 164.63K |
Imminent liquidity exhaustion risk
As reported in recent financial statements, LOBO's equity base has contracted from $9.3M in 2024Q4 to $7.0M in 2025Q4, signaling a weakening balance sheet trajectory driven by persistent net losses and the erosion of retained earnings that warrants close investor scrutiny regarding long-term business viability.
The consistent decline in equity highlights that the company is consuming its capital base to fund ongoing operations rather than generating internal growth. This trend suggests that the current business model is not yet self-sustaining, leaving the company increasingly reliant on external financing to maintain its manufacturing activities.
Based on the latest quarterly data, LOBO's debt-to-equity ratio has climbed to 0.68 in 2025Q4 from 0.26 in 2024Q4, indicating that the company is increasingly utilizing debt to bridge the gap between its operational cash burn and its capital requirements in a high-risk manufacturing environment.
While the absolute debt level remains relatively modest, the rapid increase in leverage relative to shrinking equity suggests a tightening financial cushion. Investors should monitor whether this debt is being used for productive capacity expansion or merely to cover short-term working capital deficits.
According to the 2025Q4 balance sheet, LOBO holds only $908,341 in cash against a $23M revenue base, which represents a precarious liquidity position that may necessitate immediate capital raising to avoid operational disruption given the company's history of negative cash flow and persistent operating losses.
The current ratio of 1.39 provides a superficial appearance of stability, but the absolute cash balance is dangerously low for a company with significant manufacturing overhead. This lack of a liquidity buffer suggests that any unexpected delay in revenue collection or increase in input costs could trigger a severe financial crisis.
As documented in the company's filings, the presence of $308,600 in goodwill alongside a net PPE value of $2.1M suggests that the balance sheet may be overstating the tangible value of assets, particularly if the software-royalty segment fails to achieve the expected market penetration.
The volatility in goodwill valuations over the last ten quarters indicates potential impairment risks that could further erode the equity base. Analysts should be wary of relying on these asset values, as they may not be readily convertible to cash in a liquidation scenario or a distressed market environment.
Quick answers to the most common questions about buying LOBO stock.
As of 2025, Lobo EV Technologies Ltd. (LOBO) had total assets of $20.5M including $17.8M in current assets.
Lobo EV Technologies Ltd. (LOBO) carries total debt of $4.7M, offset by $1.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Lobo EV Technologies Ltd. (LOBO) has total shareholders' equity (book value) of $7.0M ($0.75 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Lobo EV Technologies Ltd. (LOBO) reported a current ratio of 1.39x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.