The balance sheet exhibits extreme fragility, with a current ratio that has deteriorated to a precarious 0.02 as of 2023Q2.
| Total Current Assets | 703.99K | 61.22M | 68.33M | 62.17M | 20.27M | 23.7M | 1.71M |
| Cash & Short-Term Investments | 63.88K | 13.45M | 18.04M | 11.4M | 8.02M | 10.9M | 1.65M |
| Cash Only | 63.88K | 13.45M | 18.04M | 11.4M | 8.02M | 10.9M | 1.65M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 16.91M | 14.97M | 14.26M | 10.08M | 10.25M | 17K |
| Days Sales Outstanding | - | 31.38 | 28.28 | 30.81 | 29.53 | 41.63 | 0.51 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 33K |
| Days Inventory Outstanding | - | - | - | - | - | - | 6.01 |
| Other Current Assets | 640.11K | 2.49M | 3.64M | 7.54M | 1.05M | 707K | 0 |
| Total Non-Current Assets | 219.24M | 286.45M | 337.06M | 357.69M | 346.79M | 442.82M | 90.96M |
| Property, Plant & Equipment | 0 | 5.85M | 6.27M | 5.42M | 4.37M | 4.86M | 210K |
| Fixed Asset Turnover | 0.00x | 33.61x | 30.83x | 31.15x | 28.48x | 18.51x | 57.83x |
| Goodwill | 0 | 156.45M | 185.76M | 204.1M | 199.51M | 286.41M | 55.38M |
| Intangible Assets | 0 | 113.12M | 133.62M | 137.06M | 138.95M | 151.38M | 35.37M |
| Long-Term Investments | 2.98B | 0 | 0 | 0 | 1.27B | 1.31B | 5K |
| Other Non-Current Assets | 0 | 11.04M | 11.42M | 11.11M | -1.26B | -1.31B | 0 |
| Total Assets | 219.94M | 347.68M | 405.39M | 419.86M | 367.06M | 466.52M | 92.67M |
| Asset Turnover | 0.00x | 0.57x | 0.48x | 0.40x | 0.34x | 0.19x | 0.13x |
| Asset Growth % | -161.05% | -14.24% | -3.45% | 14.38% | -21.32% | 403.43% | - |
| Total Current Liabilities | 39.75M | 409.75M | 416.6M | 370.75M | 332.1M | 226.79M | 24.91M |
| Accounts Payable | 0 | 56.9M | 61.28M | 47.13M | 7.28M | 5.26M | 773K |
| Days Payables Outstanding | - | 301.34 | 316.15 | 260.12 | 50.33 | 48.55 | 140.79 |
| Short-Term Debt | 9.72M | 32.87M | 44.33M | 66.02M | 63.06M | 76.81M | 0 |
| Deferred Revenue (Current) | 3.82M | 3.92M | 3.74M | 3.15M | 3.82M | 4.37M | 38K |
| Other Current Liabilities | 30.03M | 290.42M | 287.98M | 236.95M | 241.25M | 129.88M | 20.09M |
| Current Ratio | 0.02x | 0.15x | 0.16x | 0.17x | 0.06x | 0.10x | 0.07x |
| Quick Ratio | 0.02x | 0.15x | 0.16x | 0.17x | 0.06x | 0.10x | 0.07x |
| Cash Conversion Cycle | - | - | - | - | - | - | -134.27 |
| Total Non-Current Liabilities | 6.24M | 92.74M | 100.42M | 102.74M | 129.93M | 276.53M | 70.99M |
| Long-Term Debt | 0 | 28.59M | 22.41M | 14.23M | 9.15M | 1.9M | 0 |
| Capital Lease Obligations | 611K | 1.15M | 1.12M | 777K | 611K | 1.49M | 0 |
| Deferred Tax Liabilities | 45.84M | 35.64M | 40.64M | 44.57M | 45.84M | 48.95M | 12.18M |
| Other Non-Current Liabilities | 6.24M | 27.36M | 36.25M | 43.17M | 2.16M | 21.37M | 58.81M |
| Total Liabilities | 45.99M | 502.5M | 517.01M | 473.49M | 462.03M | 503.32M | 95.9M |
| Total Debt | 9.72M | 63.61M | 68.63M | 81.77M | 73.79M | 81.24M | 1.11M |
| Net Debt | 9.66M | 50.16M | 50.59M | 70.38M | 65.78M | 60.42M | -1.65M |
| Debt / Equity | 0.06x | - | - | - | - | - | - |
| Debt / EBITDA | -0.38x | - | 1.89x | - | - | - | - |
| Net Debt / EBITDA | -0.38x | - | 1.39x | - | - | - | - |
| Interest Coverage | - | -0.61x | 0.04x | -11.49x | -6.11x | -9.17x | - |
| Total Equity | 173.95M | -154.82M | -111.62M | -53.63M | -94.96M | -36.8M | -3.23M |
| Equity Growth % | -167.62% | -38.7% | -108.14% | 43.53% | -158.05% | -1038.26% | - |
| Book Value per Share | 129.24 | -51.14 | -36.87 | -23.23 | -41.60 | -13.27 | - |
| Total Shareholders' Equity | 173.95M | -149.2M | -120.5M | -57.96M | -98.81M | -36.8M | -3.23M |
| Common Stock | 217.27M | 369.12M | 283.41M | 260.69M | 40.4M | 38.9M | 10K |
| Retained Earnings | -43.32M | -638.03M | -529.78M | -446.57M | -193.85M | -79.44M | -1.74M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 119.71M | 125.88M | 127.93M | 54.63M | 3.74M | -1.5M |
| Minority Interest | 0 | -5.62M | 8.87M | 4.33M | 3.85M | 0 | 0 |
Critical liquidity and solvency
As reported in financial statements, NVNI's total assets plummeted from $1.3B in 2022Q2 to $219.9M by 2023Q2, signaling a rapid contraction in the company's resource base that suggests the initial SPAC-driven capital structure was unsustainable and failed to provide a foundation for long-term growth.
The dramatic reduction in asset value over four quarters indicates a significant impairment or restructuring of the company's holdings. This trajectory suggests that the firm is struggling to maintain its scale, potentially forcing a pivot toward survival rather than expansion.
Based on the most recent quarterly data, NVNI's current ratio has deteriorated to a precarious 0.02, reflecting a severe lack of liquid assets relative to short-term obligations that leaves the company with virtually no buffer against operational shocks or unexpected cash requirements.
A current ratio of 0.02 is indicative of extreme liquidity stress, suggesting that the company may be unable to meet its immediate financial commitments without external intervention. Investors should monitor this closely as it implies a high probability of future dilutive capital raises or asset fire sales.
According to historical balance sheet data, NVNI's equity position has undergone extreme volatility, swinging from a positive $1.2B in 2022Q2 to a negative $98.8M in 2022Q4, which highlights the fragility of the company's capital base and the impact of persistent, heavy net losses.
The shift into negative equity territory suggests that accumulated losses have effectively wiped out the capital provided by shareholders. This trend warrants further investigation into the company's ability to continue as a going concern without significant restructuring or capital injection.
As evidenced by the 2022Q4 data, the sudden appearance of $199.5M in goodwill alongside a massive spike in liabilities suggests that the company's balance sheet is heavily reliant on intangible assets that may be subject to future impairment if the acquired subsidiaries underperform.
The reliance on goodwill as a primary asset component is a significant risk factor, as it implies that the company's book value is highly sensitive to management's subjective valuation of past acquisitions. If these assets fail to generate expected returns, the balance sheet could face further downward pressure.
Quick answers to the most common questions about buying NVNI stock.
As of 2025, Nvni Group Limited Ordinary Shares (NVNI) had total assets of $347.7M including $61.2M in current assets.
Nvni Group Limited Ordinary Shares (NVNI) carries total debt of $63.6M, offset by $13.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Nvni Group Limited Ordinary Shares (NVNI) has total shareholders' equity (book value) of $-149.2M ($-51.14 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Nvni Group Limited Ordinary Shares (NVNI) reported a current ratio of 0.15x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.