The company's financial stability appears compromised by a current ratio of 0.36 and a retained earnings deficit that has deepened to $5.8M as of 2026Q1.
| Total Current Assets | 2.66M | 276.17K | 16.66K |
| Cash & Short-Term Investments | 1.96M | 78.16K | 417 |
| Cash Only | 1.96M | 78.16K | 417 |
| Short-Term Investments | 0 | 0 | 0 |
| Accounts Receivable | 574.24K | 185.2K | 16.24K |
| Days Sales Outstanding | 76.82 | 73.32 | 738.64 |
| Inventory | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - |
| Other Current Assets | 128.16K | 0 | 0 |
| Total Non-Current Assets | 16.45M | 13.81M | 0 |
| Property, Plant & Equipment | 10.11M | 0 | 0 |
| Fixed Asset Turnover | 0.45x | - | - |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 |
| Other Non-Current Assets | 6.34M | 13.81M | 0 |
| Total Assets | 19.11M | 14.09M | 16.66K |
| Asset Turnover | 0.09x | 0.07x | 0.48x |
| Asset Growth % | 3484060.43% | 84494.49% | - |
| Total Current Liabilities | 7.4M | 4.18M | 889.69K |
| Accounts Payable | 1.56M | 1.45M | 599.72K |
| Days Payables Outstanding | 1.79K | 1.19K | 34.65K |
| Short-Term Debt | 1.87M | 1.65M | 0 |
| Deferred Revenue (Current) | 962.48K | 164.56K | 8.32K |
| Other Current Liabilities | 0 | 627.33K | 0 |
| Current Ratio | 0.36x | 0.07x | 0.02x |
| Quick Ratio | 0.36x | 0.07x | 0.02x |
| Cash Conversion Cycle | -1.72K | - | - |
| Total Non-Current Liabilities | 0 | 2.72M | 488.66K |
| Long-Term Debt | 0 | 0 | 488.66K |
| Capital Lease Obligations | 1.91M | 1.91M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 811.78K | 0 |
| Total Liabilities | 7.4M | 6.9M | 1.38M |
| Total Debt | 3.62M | 3.57M | 488.66K |
| Net Debt | 1.66M | 3.49M | 488.25K |
| Debt / Equity | 0.31x | 0.50x | - |
| Debt / EBITDA | -0.94x | - | - |
| Net Debt / EBITDA | -0.43x | - | - |
| Interest Coverage | -15.58x | -28.82x | -178.95x |
| Total Equity | 11.71M | 7.19M | -1.36M |
| Equity Growth % | 2155.83% | 627.88% | - |
| Book Value per Share | 0.76 | 0.49 | -0.10 |
| Total Shareholders' Equity | 11.71M | 7.19M | -1.36M |
| Common Stock | 17 | 15 | 15 |
| Retained Earnings | -5.77M | -4.18M | -1.41M |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
Imminent liquidity shortfall
According to recent financial filings, NOMA's total assets surged from $316 in 2024Q3 to $19.1M by 2026Q1, reflecting a fundamental shift in business model that appears to prioritize rapid property acquisition over the establishment of a stable, self-sustaining financial foundation for long-term operational viability.
The dramatic expansion in the asset base suggests a pivot toward a capital-intensive hospitality model, yet the corresponding growth in liabilities indicates this transition is heavily debt-financed. Investors should monitor whether this trajectory represents a sustainable scaling of operations or a high-risk attempt to capture market share before exhausting available capital.
As reported in quarterly balance sheets, NOMA's current ratio plummeted to 0.36 in 2026Q1, highlighting a severe inability to cover short-term obligations with existing liquid assets, which suggests the company remains highly dependent on external financing to maintain its ongoing hospitality operations and avoid potential insolvency.
The persistent sub-1.0 current ratio indicates that the company is operating with virtually no margin for error regarding its working capital. This liquidity profile implies that any unexpected operational disruption or seasonal revenue shortfall could force an immediate and potentially dilutive capital raise to sustain the business.
Based on the company's reported figures, NOMA's transition to a $10.1M net PPE position in 2026Q1 marks a departure from its previous asset-light state, signaling a strategic move into direct property management that necessitates significant ongoing maintenance capital expenditures to preserve the value of its luxury inventory.
The sudden appearance of substantial PPE on the balance sheet suggests the company is now carrying the burden of physical asset ownership, which introduces significant depreciation risk and operational complexity. This shift warrants further investigation into whether these assets are generating sufficient RevPAR to justify the capital intensity of the current business model.
As disclosed in recent financial statements, NOMA's retained earnings have deteriorated to a deficit of $5.8M by 2026Q1, indicating that the company's aggressive growth strategy has consistently failed to generate positive shareholder value, thereby placing the entire equity base at risk of further erosion from continued operational losses.
The negative trajectory of retained earnings reflects a business model that is currently consuming capital faster than it can create value. This trend suggests that shareholders may face significant dilution as the company attempts to bridge the gap between its current operating losses and the scale required for profitability.
Quick answers to the most common questions about buying NOMA stock.
As of 2025, Nomadar Corp. (NOMA) had total assets of $14.1M including $0.3M in current assets.
Nomadar Corp. (NOMA) carries total debt of $3.6M, offset by $0.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Nomadar Corp. (NOMA) has total shareholders' equity (book value) of $7.2M ($0.49 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Nomadar Corp. (NOMA) reported a current ratio of 0.07x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.