The company maintains a high current ratio of 13.41, though total assets have eroded to $53.0M from a 2022Q2 peak of $57.7M.
| Total Current Assets | 41.94M | 56.95M | 41.94M | 37.89M | 42.18M | 36.12M | 39.03M | 12.23M | 3.4M |
| Cash & Short-Term Investments | 22.36M | 35.34M | 22.36M | 20.93M | 17.19M | 33.15M | 25.09M | 10.93M | 2.02M |
| Cash Only | 17.07M | 32.32M | 17.07M | 17.68M | 17.19M | 29.4M | 24.04M | 9.18M | 2.02M |
| Short-Term Investments | 5.29M | 3.02M | 5.29M | 3.25M | 4.7M | 3.75M | 1.06M | 1.75M | 0 |
| Accounts Receivable | 602.6K | 20.75M | 602.6K | 360.74K | 29.52K | 55.15K | 403.03K | 1.26M | 1.36M |
| Days Sales Outstanding | 96.76 | 4.01K | 353.22 | 83.33 | 0.6 | 0.54 | 8.44 | 34.28 | 92.86 |
| Inventory | 1.23M | 567.51K | 1.23M | -360.74K | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 191.15 | 764.85 | 2.47K | - | - | - | - | - | - |
| Other Current Assets | 17.27M | 189.36K | 17.27M | 16.85M | 24.25M | 1.55M | 13.34M | 23.27K | 4.15K |
| Total Non-Current Assets | 11.1M | 9.58M | 11.1M | 10.74M | 11.21M | 14.72M | 2.08M | 2.48M | 1.1M |
| Property, Plant & Equipment | 8.65M | 8.51M | 8.65M | 9.18M | 9.46M | 9.92M | 372.21K | 460.87K | 282.31K |
| Fixed Asset Turnover | 0.25x | 0.22x | 0.07x | 0.17x | 1.88x | 3.79x | 46.85x | 29.18x | 18.96x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.55M | 6.21K | 1.55M | 529.64K | 816.88K | 1.12M | 572.99K | 739.79K | 128.36K |
| Long-Term Investments | 3.63M | 924.03K | 903.52K | 917K | 932.55K | 548.15K | 1.14M | 500.97K | 569.14K |
| Other Non-Current Assets | 0 | 0 | 0 | 108.32K | 0 | 3.14M | -1.48M | 782.03K | 115.21K |
| Total Assets | 53.04M | 66.53M | 53.04M | 48.63M | 53.39M | 50.84M | 41.11M | 14.71M | 4.5M |
| Asset Turnover | 0.04x | 0.03x | 0.01x | 0.03x | 0.33x | 0.74x | 0.42x | 0.91x | 1.19x |
| Asset Growth % | -5.37% | 25.44% | 9.06% | -8.91% | 5.02% | 23.67% | 179.39% | 227.17% | - |
| Total Current Liabilities | 3.13M | 1.89M | 3.13M | 3.08M | 3.76M | 3.65M | 7.54M | 1.61M | 1.85M |
| Accounts Payable | 2.42M | 1.32M | 2.42M | 2.59M | 2.99M | 1.63M | 6.06M | 541.27K | 272.16K |
| Days Payables Outstanding | 1.49K | 1.79K | 4.84K | 2.33K | 1.09K | 244.62 | 837.26 | 148.56 | 198.53 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 20.81K | 11.49K | 0 | 0 | 0 |
| Deferred Revenue (Current) | 699.07K | 3.84K | 78.43K | 181.93K | 449.04K | 697.86K | 243.35K | 176.46K | 823.29K |
| Other Current Liabilities | 535.08K | 330.63K | 535.08K | 290.17K | 185.66K | 390.67K | 854.18K | 737.78K | 665.12K |
| Current Ratio | 13.41x | 30.14x | 13.41x | 12.30x | 11.21x | 9.90x | 5.18x | 7.58x | 1.84x |
| Quick Ratio | 13.02x | 29.84x | 13.02x | 12.42x | 11.21x | 9.90x | 5.18x | 7.58x | 1.84x |
| Cash Conversion Cycle | -1.2K | 2.99K | -2.02K | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 11.49K | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 11.49K | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 3.13M | 1.89M | 3.13M | 3.08M | 3.77M | 3.65M | 7.54M | 1.61M | 1.85M |
| Total Debt | 0 | 0 | 0 | 11.48K | 32.3K | 11.49K | 0 | 0 | 0 |
| Net Debt | -17.07M | -32.32M | -17.07M | -17.67M | -17.16M | -29.39M | -24.04M | -9.18M | -2.02M |
| Debt / Equity | 0.00x | - | - | 0.00x | 0.00x | 0.00x | - | - | - |
| Debt / EBITDA | -0.00x | - | - | - | 0.01x | 0.00x | - | - | - |
| Net Debt / EBITDA | 2.65x | - | - | - | -5.26x | -2.60x | -12.30x | -1.00x | -0.74x |
| Interest Coverage | - | - | - | - | - | - | - | - | - |
| Total Equity | 49.91M | 64.64M | 49.91M | 45.55M | 49.62M | 47.19M | 33.57M | 13.1M | 2.65M |
| Equity Growth % | -0.5% | 29.51% | 9.57% | -8.2% | 5.14% | 40.57% | 156.27% | 394.65% | - |
| Book Value per Share | 999999.00 | 999999.00 | 999999.00 | 999999.00 | 999999.00 | 999999.00 | 999999.00 | 999999.00 | 329586.18 |
| Total Shareholders' Equity | 49.91M | 64.64M | 49.91M | 45.55M | 49.62M | 47.19M | 33.57M | 13.1M | 2.65M |
| Common Stock | 5.12K | 25.05K | 5.12K | 1.54K | 1.54K | 1.53K | 1.5K | 1.24K | 1K |
| Retained Earnings | 22.25M | 18.37M | 22.25M | 24.69M | 28.32M | 25.09M | 13.65M | 11.6M | 2.55M |
| Treasury Stock | -481 | -481 | -481 | -481 | -481 | -481 | -481 | -481 | -125 |
| Accumulated OCI | -2.06M | -1.3M | -2.06M | -1.58M | -1.05M | 210.3K | 1.04M | -109.19K | -15.91K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Regulatory and liquidity volatility
According to historical balance sheet data, OCG's total assets have declined from a peak of $57.7M in 2022Q2 to $53.0M by 2024Q4, reflecting a gradual erosion of the company's resource base as it navigates a challenging regulatory and operational environment in the Chinese collectibles market.
The downward trend in total assets suggests that the company is struggling to replace the value of its asset base as it consumes capital to fund ongoing operations. This trajectory warrants caution, as it indicates that the firm's growth initiatives are not currently translating into a sustainable expansion of its balance sheet.
Based on the most recent financial statements, OCG maintains a current ratio of 13.41, which appears exceptionally high, yet this figure is largely supported by a $17.1M cash position that has steadily declined from the $42.6M reported in 2021Q2 as the company funds persistent operating losses.
While the current ratio suggests a strong buffer against short-term obligations, the consistent depletion of cash reserves indicates that the company is burning through its liquidity to sustain its current business model. Investors should monitor whether this cash runway remains sufficient if the current revenue contraction persists.
As reported in recent filings, OCG's net property, plant, and equipment (PPE) has grown from $399.7K in 2020Q4 to $8.6M in 2024Q4, signaling a significant shift toward an asset-heavy model as the company invests in the physical custodial infrastructure required for its collectibles exchange.
This increase in PPE suggests that management is prioritizing the development of physical storage and security capabilities to build a competitive moat. However, the lack of corresponding revenue growth implies that these capital expenditures have yet to yield the expected returns on invested capital.
Based on the company's reported figures, retained earnings have fallen from a peak of $30.7M in 2022Q2 to $22.3M in 2024Q4, reflecting the cumulative impact of persistent net losses that continue to weigh on the company's overall equity quality and long-term financial health.
The decline in retained earnings is a clear indicator that the company's core operations are not generating sufficient profit to reinvest in the business. This trend suggests that shareholder value is being eroded by the current high-burn, low-revenue-growth operational strategy.
As noted in the provided financial data, the company's reliance on a $1.5M goodwill balance and significant PPE investments may present impairment risks if the collectibles exchange fails to achieve the necessary trading volume to justify its current carrying value in the face of regulatory shifts.
The valuation of these assets appears highly sensitive to the company's ability to maintain its market position in the Greater China region. Any further regulatory crackdown on fractionalized trading could necessitate significant write-downs, which would further impair the company's already strained equity position.
Quick answers to the most common questions about buying OCG stock.
As of 2025, Oriental Culture Holding Ltd. (OCG) had total assets of $66.5M including $56.9M in current assets.
Oriental Culture Holding Ltd. (OCG) carries total debt of $0.0M, offset by $35.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Oriental Culture Holding Ltd. (OCG) has total shareholders' equity (book value) of $64.6M ($999999.00 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Oriental Culture Holding Ltd. (OCG) reported a current ratio of 30.14x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.