The company has reduced total debt from $2.3M in 2023Q4 to $486.3K in 2026Q1, yet the current ratio of 1.21 suggests limited flexibility to manage near-term liabilities.
| Total Current Assets | 2.62M | 2.24M | 753.2K | 265.81K | 579.27K | 1.07M |
| Cash & Short-Term Investments | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 194.48K | 0 | -100.05K | 0 |
| Total Non-Current Assets | 14.5M | 14.41M | 14.29M | 13.34M | 13.39M | 251.64K |
| Property, Plant & Equipment | 295.43K | 301.8K | 359.56K | 453.69K | 150.84K | 0 |
| Fixed Asset Turnover | 17.79x | 16.40x | 2.24x | 1.08x | 1.19x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.07M | 1.97M | 1.97M | 520.26K | 2.01M | 0 |
| Long-Term Investments | 42.87M | 10.25M | 10.24M | 10.11M | 10.22M | 251.64K |
| Other Non-Current Assets | - | - | - | - | - | - |
| Total Assets | 17.12M | 16.65M | 15.04M | 13.61M | 13.97M | 251.64K |
| Asset Turnover | 0.33x | 0.30x | 0.05x | 0.04x | 0.01x | - |
| Asset Growth % | 47.82% | 10.72% | 10.51% | -2.58% | 5452.05% | - |
| Total Current Liabilities | 2.16M | 1.98M | 989.94K | 1.35M | 547.03K | 47.4K |
| Accounts Payable | 1.64M | 1.61M | 486.57K | 477.31K | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - |
| Short-Term Debt | 200.46K | 37K | 250K | 0 | 24K | 0 |
| Deferred Revenue (Current) | 0 | - | - | - | - | - |
| Other Current Liabilities | 316.62K | 285.95K | 0 | 15.62K | -516.76K | 0 |
| Current Ratio | 1.21x | 1.13x | 0.76x | 0.20x | 1.06x | 22.59x |
| Quick Ratio | 1.21x | 1.13x | 0.76x | 0.20x | 1.06x | 22.59x |
| Cash Conversion Cycle | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.58M | 991.29K | 425K | 2.65M | 3.75M | 174.27K |
| Long-Term Debt | 0 | 308.4K | 0 | 1.95M | 3.63M | 174.27K |
| Capital Lease Obligations | 0 | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - |
| Total Liabilities | 3.74M | 2.97M | 1.41M | 3.99M | 4.3M | 221.67K |
| Total Debt | 486.35K | 345.4K | 609.74K | 2.4M | 3.79M | 174.27K |
| Net Debt | 142.4K | 212.33K | 495.6K | 2.21M | 3.36M | -118.88K |
| Debt / Equity | 0.04x | 0.03x | 0.04x | 0.25x | 0.39x | 5.82x |
| Debt / EBITDA | -2.59x | - | - | - | - | 0.08x |
| Net Debt / EBITDA | -0.76x | - | - | - | - | -0.05x |
| Interest Coverage | -53.23x | -37.11x | 0.16x | -0.56x | -2.75x | - |
| Total Equity | 13.38M | 13.69M | 13.63M | 9.62M | 9.67M | 29.97K |
| Equity Growth % | 14.34% | 0.44% | 41.64% | -0.53% | 32173.93% | - |
| Book Value per Share | 0.88 | 0.91 | 0.91 | 0.67 | 0.68 | 0.00 |
| Total Shareholders' Equity | 13.38M | 13.69M | 13.63M | 9.62M | 9.67M | 29.97K |
| Common Stock | 1.52K | 1.51K | 1.5K | 1.43K | 68.9K | 59.44K |
| Retained Earnings | -293.31K | 504.7K | 1.23M | 1.35M | -2.77M | -56.58K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -112.19K | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Severe liquidity and solvency
According to reported financial statements, RMCO's total assets have remained largely range-bound between $15.0M and $18.0M over the last ten quarters, suggesting that the company's aggressive revenue growth has not yet translated into a meaningful expansion of its underlying asset base or long-term capital strength.
The lack of significant asset growth despite a 513% revenue surge implies that the company is likely operating as a pass-through entity or is struggling to retain capital within the business. Investors should monitor whether this stagnation reflects a deliberate asset-light strategy or an inability to scale the balance sheet effectively.
As reported in recent filings, RMCO has successfully reduced its total debt from $2.3M in 2023Q4 to $486.3K by 2026Q1, yet this deleveraging appears to be a necessity-driven response to limited cash flow rather than a strategic move to optimize the company's capital structure.
While the D/E ratio has improved from 0.21 to 0.04, the reduction in debt coincides with a period of persistent operating losses, suggesting that the company may have limited access to credit markets. This reliance on internal cash to pay down debt further exacerbates the company's already precarious liquidity position.
Based on the most recent quarterly data, RMCO's cash and equivalents have dwindled to $133,064, a figure that appears insufficient to support ongoing operations given the company's historical burn rate and the current ratio of 1.21, which provides only a marginal buffer against near-term liabilities.
The current ratio's volatility, having dipped as low as 0.51 in previous periods, indicates that the company frequently faces periods where current assets fail to cover short-term obligations. This persistent liquidity tightness warrants close investigation, as it may necessitate dilutive equity financing to maintain operational continuity.
Analysis of the balance sheet reveals that RMCO's equity base has fluctuated between $11.1M and $14.1M, with retained earnings showing significant volatility, suggesting that the company's ability to build long-term shareholder value is currently hampered by its inability to achieve consistent profitability.
The reliance on equity to fund operations in the absence of positive net income suggests that shareholders are effectively subsidizing the company's growth phase. The lack of a stable, growing retained earnings trajectory implies that the company has yet to prove its business model can generate sustainable returns on invested capital.
Quick answers to the most common questions about buying RMCO stock.
As of 2025, Royalty Management Holding Corporation (RMCO) had total assets of $16.7M including $2.2M in current assets.
Royalty Management Holding Corporation (RMCO) carries total debt of $0.3M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Royalty Management Holding Corporation (RMCO) has total shareholders' equity (book value) of $13.7M ($0.91 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Royalty Management Holding Corporation (RMCO) reported a current ratio of 1.13x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.