The balance sheet reflects significant structural fragility, highlighted by a current ratio of 0.63 and a substantial $275.4 million accumulated deficit.
| Total Current Assets | 18.73M | 15.89M | 20.34M | 20.44M | 55.84M | 33.6M | 158.38K | 1.32M | 144.6K |
| Cash & Short-Term Investments | 320.64K | 68.03K | 359.83K | 102.77K | 32.64M | 10.78M | 55.46K | 1.26M | 143.4K |
| Cash Only | 320.64K | 68.03K | 359.83K | 102.77K | 32.64M | 10.78M | 55.46K | 1.26M | 143.4K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 762.12K | 494.13K | 55.59K | 208.65K | 79.18K | 26.2K | 0 | 0 | 0 |
| Days Sales Outstanding | 235.06 | 169.22 | 2.89 | 11.23 | 1.76 | 1.28 | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 3.23M | 880.96K | 907.63K | 718.55K | 226.2K | 788.03K | 0 | 0 | 1.2K |
| Total Non-Current Assets | 54.7M | 37.05M | 44.07M | 58.94M | 48.69M | 17.13M | 74.38M | 207.75M | 403.04K |
| Property, Plant & Equipment | 1.83K | 12.12K | 21.31K | 108.08K | 141.28K | 670.95K | 0 | 0 | 0 |
| Fixed Asset Turnover | 180.05x | 87.91x | 329.38x | 62.72x | 116.15x | 11.12x | - | - | - |
| Goodwill | 9.06M | 9.06M | 11.23M | 19.59M | 19.59M | 0 | 0 | 0 | 0 |
| Intangible Assets | 30.51M | 12.57M | 17.68M | 23.98M | 28.71M | 16.21M | 0 | 0 | 0 |
| Long-Term Investments | 9.25M | 2.5M | 2.25M | 2.25M | 250K | 250K | 74.38M | 207.75M | 0 |
| Other Non-Current Assets | 12.88M | 12.91M | 12.88M | 13.01M | 0 | -217.09K | 1.2K | 1.2K | 403.04K |
| Total Assets | 73.43M | 52.94M | 64.41M | 79.38M | 104.53M | 50.73M | 74.54M | 209.07M | 547.64K |
| Asset Turnover | 0.02x | 0.02x | 0.11x | 0.09x | 0.16x | 0.15x | - | - | - |
| Asset Growth % | -21.84% | -17.8% | -18.86% | -24.06% | 106.05% | -31.94% | -64.35% | 38077.12% | - |
| Total Current Liabilities | 29.95M | 30.4M | 27.82M | 17.56M | 10.53M | 34.09M | 1.02M | 958.31K | 525K |
| Accounts Payable | 8.69M | 8.24M | 8.05M | 7.61M | 1.01M | 2.18M | 0 | 0 | 0 |
| Days Payables Outstanding | 393.85 | 297.75 | 184.46 | 59.05 | 11.14 | 88.63 | - | - | - |
| Short-Term Debt | 5.74M | 6.11M | 6.03M | 3.76M | 3.77M | 21.09M | 180K | 425K | 525K |
| Deferred Revenue (Current) | 839.29K | 250K | 357.14K | 464.29K | 1.16M | 7.76M | 0 | 0 | 0 |
| Other Current Liabilities | 15.35M | 15.8M | 13.39M | 5.74M | 176.26K | 721.72K | 159.38K | 159.51K | 0 |
| Current Ratio | 0.63x | 0.52x | 0.73x | 1.16x | 5.30x | 0.99x | 0.16x | 1.38x | 0.28x |
| Quick Ratio | 0.63x | 0.52x | 0.73x | 1.16x | 5.30x | 0.99x | 0.16x | 1.38x | 0.28x |
| Cash Conversion Cycle | -158.79 | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 1.17K | 10K | 5.03M | 5.03M | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 10K | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 851 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 1.17K | -5.03M | 0 | 0 | 0 |
| Total Liabilities | 29.95M | 30.4M | 27.82M | 17.56M | 10.53M | 34.1M | 6.05M | 5.99M | 525K |
| Total Debt | 5.74M | 6.11M | 6.03M | 3.76M | 3.77M | 21.1M | 180K | 425K | 525K |
| Net Debt | 5.42M | 6.04M | 5.67M | 3.65M | -28.87M | 10.32M | 124.54K | -830.82K | 381.6K |
| Debt / Equity | 0.13x | 0.27x | 0.16x | 0.06x | 0.04x | 1.27x | 0.00x | 0.00x | 23.19x |
| Debt / EBITDA | -0.54x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.51x | - | - | - | - | - | - | - | - |
| Interest Coverage | -70.76x | -55.40x | -61.89x | -77.92x | -1.76x | -3.04x | - | - | - |
| Total Equity | 43.48M | 22.54M | 36.59M | 61.82M | 94M | 16.63M | 68.49M | 203.08M | 22.64K |
| Equity Growth % | -54.72% | -38.38% | -40.81% | -34.24% | 465.08% | -75.71% | -66.28% | 896832.76% | - |
| Book Value per Share | 11.66 | 26.10 | 140.47 | 245.09 | 723.11 | 146.84 | - | 1625.18 | 0.20 |
| Total Shareholders' Equity | 32.89M | 20.48M | 34.47M | 59.42M | 91.22M | 16.63M | 68.49M | 203.08M | 22.64K |
| Common Stock | 4.39K | 18.33K | 2.88K | 2.53K | 50.26K | 22.66K | 63.49M | 7.07K | 3.74K |
| Retained Earnings | -275.44M | -263.47M | -235.13M | -208.19M | -148.19M | -95.14M | 3.93M | 1.4M | -2.36K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -21.6K | 16.88K | -91.67K | 3.62K | -655 | 0 | 0 | 0 | 0 |
| Minority Interest | 10.6M | 2.06M | 2.12M | 2.4M | 2.78M | 0 | 0 | 0 | 0 |
Imminent going concern failure
As reported in recent financial filings, SEGG's total assets have declined from $76.4 million in 2023Q2 to $73.4 million in 2025Q3, while the persistent accumulation of a $275.4 million deficit in retained earnings underscores a long-term trajectory of significant value destruction and operational instability.
The consistent decline in asset quality suggests that the company is struggling to maintain its core business infrastructure. Investors should monitor the widening gap between assets and liabilities, which appears to indicate that the firm is consuming its remaining capital base to fund ongoing operating losses.
Based on the most recent quarterly data, SEGG maintains a current ratio of 0.63, which, when paired with a cash balance of only $320.6K, suggests that the company lacks the necessary liquidity to meet its short-term obligations without immediate external capital intervention.
A current ratio consistently below 1.0 indicates that current liabilities significantly outweigh current assets, leaving the company with virtually no margin for error. This liquidity profile appears to confirm that the firm is operating in a state of extreme financial distress.
According to the provided balance sheet data, SEGG's equity has contracted from $52.5 million in 2023Q2 to $32.9 million by 2025Q3, a trend primarily driven by the relentless expansion of the company's accumulated deficit and the inability to generate positive shareholder returns.
The erosion of equity suggests that the company's capital structure is being hollowed out by sustained operational failures. This trend warrants further investigation into whether the current equity base can support any future restructuring efforts or if it is nearing a point of total exhaustion.
As indicated by the financial statements, SEGG carries $9.1 million in goodwill, a figure that appears increasingly disconnected from the company's current market position and its -847% gross margin, suggesting a high risk of future impairment charges that could further destabilize the balance sheet.
The presence of significant intangible assets on a balance sheet characterized by near-zero cash and massive operating losses may be misleading to investors. This suggests that the book value of the company may be significantly overstated, as the underlying business model has failed to demonstrate the earning power required to justify such valuations.
Quick answers to the most common questions about buying SEGG stock.
As of 2024, Sports Entertainment Gaming Global Corporation (SEGG) had total assets of $52.9M including $15.9M in current assets.
Sports Entertainment Gaming Global Corporation (SEGG) carries total debt of $6.1M, 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.
Sports Entertainment Gaming Global Corporation (SEGG) has total shareholders' equity (book value) of $20.5M ($26.10 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Sports Entertainment Gaming Global Corporation (SEGG) reported a current ratio of 0.52x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.