The company's financial position is increasingly strained, evidenced by a current ratio of 0.42 and a total debt burden of $1.2B against a negative equity position of $852.9M.
| Total Current Assets | 1.04B | 911.09M | 1.04B | 883.71M | 823.46M | 1.03B |
| Cash & Short-Term Investments | 103.07M | 73.43M | 103.07M | 422.94M | 739M | 531.45M |
| Cash Only | 103.07M | 73.43M | 103.07M | 418.94M | 739M | 531.45M |
| Short-Term Investments | 0 | 0 | 0 | 4M | 0 | 0 |
| Accounts Receivable | 264.4M | 150.98M | 264.4M | 99.09M | 8.66M | 50.8M |
| Days Sales Outstanding | 64.6 | 106.16 | 104.4 | 53.27 | 330.43 | 5.03K |
| Inventory | 188.58M | 121.36M | 188.58M | 286.59M | 22.7M | 1.98M |
| Days Inventory Outstanding | 128.87 | 93.48 | 76.93 | 181.35 | 233.88 | 231.24 |
| Other Current Assets | 462.56M | 375.87M | 462.56M | 75.03M | 14.15M | 438.52M |
| Total Non-Current Assets | 1.24B | 1.04B | 1.24B | 700.97M | 755.94M | 291.74M |
| Property, Plant & Equipment | 419.12M | 226.89M | 419.12M | 527.72M | 412.19M | 169.26M |
| Fixed Asset Turnover | 1.90x | 2.29x | 2.21x | 1.29x | 0.02x | 0.02x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 169.31M | 116.47M | 169.31M | 116.36M | 116.36M | 116.12M |
| Long-Term Investments | 534.33M | 48M | 9.72M | 7.79M | 8.65M | 286.53M |
| Other Non-Current Assets | 644.57M | 650.29M | 644.57M | 44.89M | 11.28M | 6.35M |
| Total Assets | 2.29B | 1.95B | 2.29B | 1.58B | 1.58B | 1.32B |
| Asset Turnover | 0.37x | 0.27x | 0.40x | 0.43x | 0.01x | 0.00x |
| Asset Growth % | 2154.09% | -14.57% | 44.24% | 0.33% | 19.9% | - |
| Total Current Liabilities | 2.47B | 2.4B | 2.47B | 1.76B | 932.88M | 731.73M |
| Accounts Payable | 472.19M | 513.22M | 472.19M | 360.54M | 7.24M | 0 |
| Days Payables Outstanding | 197.71 | 395.3 | 192.63 | 228.14 | 74.54 | - |
| Short-Term Debt | 916.52M | 1.39B | 916.52M | 663.98M | 395.09M | 161.13M |
| Deferred Revenue (Current) | 198.38M | 18.46M | 37.59M | 840K | 11.25M | 143K |
| Other Current Liabilities | 448.23M | -157.93M | 448.23M | 220.29M | 102.26M | 14.48M |
| Current Ratio | 0.42x | 0.38x | 0.42x | 0.50x | 0.88x | 1.40x |
| Quick Ratio | 0.35x | 0.33x | 0.35x | 0.34x | 0.86x | 1.40x |
| Cash Conversion Cycle | -4.24 | -195.66 | -11.29 | 6.48 | 489.77 | - |
| Total Non-Current Liabilities | 678.49M | 884.92M | 678.49M | 1.04B | 731.13M | 390.26M |
| Long-Term Debt | 177.25M | 377.51M | 177.25M | 157.31M | 148.56M | 0 |
| Capital Lease Obligations | 355.71M | 60.68M | 79.06M | 103.99M | 99.13M | 47.64M |
| Deferred Tax Liabilities | 477 | 698K | 0 | 0 | 207.58M | 141K |
| Other Non-Current Liabilities | 43.56M | 49.04M | 43.56M | 422.8M | 17.41M | 251K |
| Total Liabilities | 3.15B | 3.28B | 3.15B | 2.41B | 1.66B | 1.12B |
| Total Debt | 1.19B | 1.84B | 1.19B | 942.04M | 658.6M | 218.27M |
| Net Debt | 1.08B | 1.77B | 1.08B | 523.1M | -80.39M | -313.18M |
| Debt / Equity | -1.38x | - | - | - | - | 1.12x |
| Debt / EBITDA | -1.67x | - | - | - | - | - |
| Net Debt / EBITDA | -1.52x | - | - | - | - | - |
| Interest Coverage | -18.02x | -6.48x | -17.97x | -72.45x | -83.83x | - |
| Total Equity | -860.23M | -1.33B | -860.23M | -827.17M | -84.61M | 195.32M |
| Equity Growth % | -270.43% | -54.64% | -4% | -877.67% | -143.32% | - |
| Book Value per Share | -1.28 | -2.05 | -1.33 | -1.74 | -0.13 | 5.45 |
| Total Shareholders' Equity | -852.86M | -1.32B | -852.86M | -821.77M | -83.96M | 195.32M |
| Common Stock | 7K | 7K | 7K | 21K | 21K | 22K |
| Retained Earnings | -2.69B | -3.16B | -2.69B | -1.59B | -846.76M | -122.84M |
| Treasury Stock | 0 | -138.4M | 0 | 0 | 0 | 0 |
| Accumulated OCI | 55.16M | 39.82M | 55.16M | 25.27M | -8.74M | -69K |
| Minority Interest | -7.36M | -7.75M | -7.36M | -5.4M | -642K | 0 |
Imminent liquidity and solvency
As reported in recent financial statements, Lotus Technology's equity position has deteriorated into a deficit of $852.9M by 2024Q4, a sharp decline from the positive equity levels observed in early 2023, signaling a rapid erosion of net worth driven by persistent, large-scale operational losses.
The consistent expansion of the accumulated deficit suggests that the company is consuming its capital base at an unsustainable rate to fund its current manufacturing scale-up. Investors should monitor whether this trajectory necessitates a significant equity restructuring or further dilutive financing to maintain basic operational solvency.
According to the latest quarterly filings, Lotus Technology carries $1.2B in total debt as of 2024Q4, which represents a substantial liability burden relative to its limited cash reserves and negative equity, highlighting a reliance on external credit to bridge the gap between production costs and revenue.
The presence of significant debt on a balance sheet with negative equity suggests that the company's capital structure is highly leveraged and potentially distressed. This debt load warrants further investigation into the maturity profile and the potential for covenant breaches given the company's current inability to generate positive operating cash flow.
Based on the 2024Q4 reported figures, the company's current ratio has compressed to 0.42, indicating that current assets are insufficient to cover short-term obligations, a trend that has worsened significantly from the 0.78 ratio observed in 2024Q1 as cash reserves have been rapidly depleted.
A current ratio well below 1.0 suggests that the company faces an immediate liquidity crunch, leaving little room for error in its working capital management. This lack of a liquidity buffer implies that the firm is highly dependent on continuous, timely capital injections to meet its near-term financial commitments.
As indicated by the 2024Q4 balance sheet, the company holds $169.3M in goodwill alongside $419.1M in net PPE, which may be subject to impairment risk if the current revenue deceleration persists and the company fails to achieve its projected production volumes at the Wuhan facility.
The reliance on intangible assets and specialized manufacturing equipment in a loss-making environment suggests that the book value of these assets may not be fully recoverable. Investors should be wary that any future impairment charges could further exacerbate the existing equity deficit and trigger additional balance sheet volatility.
Quick answers to the most common questions about buying LOTWW stock.
As of 2025, Lotus Technology Inc. Warrants (LOTWW) had total assets of $1.95B including $911.1M in current assets.
Lotus Technology Inc. Warrants (LOTWW) carries total debt of $1.84B, offset by $73.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Lotus Technology Inc. Warrants (LOTWW) has total shareholders' equity (book value) of $-1322.5M ($-2.05 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Lotus Technology Inc. Warrants (LOTWW) reported a current ratio of 0.38x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.