The company maintains a conservative capital structure with a low debt-to-equity ratio of 0.05 as of 2025Q4, though total equity has eroded to $8.8M from $27.7M in 2022Q4.
| Total Current Assets | 20.2M | 10.53M | 15.14M | 20.64B | 5.18M | 3.65M | 6.51M | 5.89M | 8.81M | 8.77M | 2.19M |
| Cash & Short-Term Investments | 19M | 8.59M | 12.26M | 29.79M | 4M | 2.46M | 4.71M | 4.96M | 8.08M | 8.22M | 1.99M |
| Cash Only | 19M | 8.59M | 12.35M | 29.79M | 4M | 2.46M | 4.71M | 4.96M | 8.08M | 8.22M | 1.99M |
| Short-Term Investments | 0 | 0 | 3.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 348.05K | 949.23K | 977.58K | 1.3M | 695.54K | 385.16K | 1.27M | 490.14K | 423.64K | 443.59K | 196.07K |
| Days Sales Outstanding | 37.77 | 108.93 | 162.65 | 293.56 | 68.52 | 75.82 | 137.09 | 63.94 | 101.75 | 126.19 | 72.01 |
| Inventory | 740.04K | 892.88K | 1.37M | 969.03K | 490.99K | 803K | 525.05K | 437.48K | 303.94K | 114.26K | 0 |
| Days Inventory Outstanding | 171.5 | 241.64 | 553.01 | 579.82 | 106.65 | 331.84 | 156.72 | 193.27 | 269.08 | 157.46 | - |
| Other Current Assets | 108.55K | 96.89K | 538.51K | 20.61B | -2.86M | 0 | 0 | 0 | 0 | 747 | 0 |
| Total Non-Current Assets | 535.08K | 314.29K | 790.71K | 562.7M | 762.77K | 913.93K | 1.13M | 39.11K | 42.44K | 26.88K | 41.12K |
| Property, Plant & Equipment | 535.08K | 314.29K | 790.71K | 562.7K | 762.77K | 913.93K | 1.13M | 39.11K | 42.44K | 26.88K | 41.12K |
| Fixed Asset Turnover | 6.29x | 10.12x | 2.77x | 2.87x | 4.86x | 2.03x | 3.01x | 71.54x | 35.81x | 47.73x | 24.17x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 562.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 20.74M | 10.84M | 10.9M | 21.21B | 5.95M | 4.57M | 7.63M | 5.93M | 8.85M | 8.8M | 2.23M |
| Asset Turnover | 0.16x | 0.29x | 0.20x | 0.00x | 0.62x | 0.41x | 0.44x | 0.47x | 0.17x | 0.15x | 0.45x |
| Asset Growth % | 91.23% | -0.5% | -99.95% | 356571.31% | 30.19% | -40.18% | 28.84% | -33.02% | 0.53% | 294.29% | - |
| Total Current Liabilities | 2.37M | 1.45M | 3.98M | 3.04M | 1.46M | 1.29M | 1.65M | 986.51K | 888.73K | 483.91K | 897.09K |
| Accounts Payable | 255.98K | 274.38K | 733.08K | 299.29K | 214.78K | 251.68K | 580.3K | 256.71K | 214.75K | 115K | 151.61K |
| Days Payables Outstanding | 59.32 | 74.26 | 296.64 | 179.08 | 46.65 | 104 | 173.21 | 113.41 | 190.12 | 158.49 | 257.42 |
| Short-Term Debt | 0 | 0 | 0 | 524.01K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88.91K |
| Other Current Liabilities | 0 | -265 | 1.57M | 573.51K | 0 | 0 | 0 | 0 | 0 | 368.91K | 656.57K |
| Current Ratio | 8.51x | 7.29x | 3.81x | 6790.16x | 3.56x | 2.83x | 3.94x | 5.97x | 9.91x | 18.13x | 2.44x |
| Quick Ratio | 8.20x | 6.67x | 3.46x | 6789.84x | 3.22x | 2.21x | 3.63x | 5.52x | 9.57x | 17.90x | 2.44x |
| Cash Conversion Cycle | 149.94 | 276.32 | 419.02 | 694.3 | 128.52 | 303.65 | 120.6 | 143.8 | 180.71 | 125.16 | - |
| Total Non-Current Liabilities | 9.54M | 5.37M | 1.51M | 305.12K | 1.16M | 1.26M | 1.54M | 644.48K | 620.35K | 238.22K | 49.08K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 224.3K | 16.03K | 334.91K | 95.4K | 336.25K | 547.12K | 727.25K | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | -5.17K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 9.31M | 5.34M | 1.17M | 203.64K | 823.37K | 709.87K | 811.26K | 644.48K | 620.35K | 238.22K | 49.08K |
| Total Liabilities | 11.91M | 6.82M | 3.16M | 3.35M | 2.62M | 2.55M | 3.19M | 1.63M | 1.51M | 722.14K | 946.18K |
| Total Debt | 437.15K | 227.29K | 558.61K | 953.27K | 641.66K | 818.4K | 946.01K | 0 | 0 | 0 | 0 |
| Net Debt | -18.57M | -8.36M | -11.79M | -28.83M | -3.35M | -1.65M | -3.76M | -4.96M | -8.08M | -8.22M | -1.99M |
| Debt / Equity | 0.05x | 0.06x | 0.07x | 0.05x | 0.19x | 0.41x | 0.21x | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -2559.21x | -289.17x | -302.60x | -3.96x | -49.35x | -226.32x | -76.51x | - | -13.26x | -343.40x | -682.02x |
| Total Equity | 8.82M | 4.03M | 7.74M | 17.86M | 3.33M | 2.02M | 4.45M | 4.29M | 7.34M | 8.08M | 1.19M |
| Equity Growth % | 119.05% | -47.98% | -56.65% | 436.51% | 64.87% | -54.58% | 3.51% | -41.47% | -9.16% | 578.56% | - |
| Book Value per Share | 1.00 | 0.66 | 1.60 | 7.40 | 3.07 | 2.15 | 2.72 | 5.43 | 7.45 | 2.35 | 0.35 |
| Total Shareholders' Equity | 8.82M | 4.03M | 11.32M | 17.86M | 3.33M | 2.02M | 4.45M | 4.29M | 7.34M | 8.08M | 1.19M |
| Common Stock | 60.15M | 34.84M | 31.04M | 41.64M | 26.5M | 22.88M | 22.88M | 19.08M | 19.06M | 13M | 8.74K |
| Retained Earnings | -54.12M | -30.39M | -30.92M | -24.05M | -24.33M | -21.64M | -19.3M | -15.66M | -12.48M | -6.19M | -3.52M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 2.79M | -418K | -911.48K | 276.99K | 1.16M | 770.28K | 859.98K | 876.68K | 763.41K | 1.27M | 1.07M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Persistent operating cash burn
As reported in financial statements, Mobilicom's total equity has fluctuated significantly, dropping from $27.7M in 2022Q4 to $8.8M by 2025Q4, reflecting the ongoing impact of accumulated losses on the company's net asset position despite periodic capital injections to sustain its R&D-heavy business model.
The trajectory of the balance sheet suggests a company in a constant state of capital replenishment to offset persistent operational deficits. Investors should monitor whether the recent stabilization in equity levels can be maintained without further dilutive financing as the company attempts to scale its commercial footprint.
Based on the most recent 2025Q4 data, Mobilicom maintains a cash position of $19.0M, which provides a substantial liquidity buffer relative to its current liabilities of $11.9M, though this figure remains highly sensitive to the company's ongoing inability to generate positive operating cash flow.
The current ratio of 8.51 indicates a strong short-term liquidity position, primarily driven by the cash reserves held on the balance sheet. However, this liquidity is not a product of operational efficiency but rather the result of external capital raises, which warrants caution regarding the long-term sustainability of this buffer.
According to the provided balance sheet data, Mobilicom maintains a conservative debt profile with total debt of $437.1K as of 2025Q4, resulting in a low debt-to-equity ratio of 0.05, which suggests that the company is currently avoiding interest-bearing obligations to fund its operations.
The minimal reliance on debt appears to be a strategic choice to avoid interest rate sensitivity and restrictive covenants during this early-stage growth phase. While this keeps the balance sheet clean, it also implies that the company's entire funding burden falls on equity holders, increasing the risk of dilution.
As indicated by the financial records, the company's retained earnings have reached a deficit of $54.1M, a figure that underscores the significant capital consumed to date without achieving a self-sustaining business model, potentially masking the true cost of developing its proprietary communication and cybersecurity technology stack.
The absence of goodwill on the balance sheet is a positive indicator of organic development, yet the massive accumulated deficit suggests that the intellectual property created may not yet be generating sufficient economic value. Analysts should investigate whether the current asset base is truly representative of future earning potential or if further impairments may be necessary.
Quick answers to the most common questions about buying MOB stock.
As of 2025, Mobilicom Ltd (MOB) had total assets of $20.7M including $20.2M in current assets.
Mobilicom Ltd (MOB) carries total debt of $0.4M, offset by $19.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Mobilicom Ltd (MOB) has total shareholders' equity (book value) of $8.8M ($1.00 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Mobilicom Ltd (MOB) reported a current ratio of 8.51x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.