The company's financial foundation has eroded into a $54.8M equity deficit, with a current ratio of 0.60 indicating insufficient assets to cover short-term liabilities.
| Total Current Assets | 59.82M | 57.23M | 60.8M | 74.17M | 147.01M | 70.41M |
| Cash & Short-Term Investments | 3.01M | 1.57M | 3.79M | 5.71M | 8.33M | 18.38M |
| Cash Only | 3.01M | 1.57M | 3.79M | 5.71M | 8.33M | 18.38M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 36.38M | 33.64M | 38.22M | 47.03M | 109.24M | 28.59M |
| Days Sales Outstanding | 94.27 | 190.94 | 229.32 | 190.22 | 419.45 | 264.33 |
| Inventory | 16.54M | 18.1M | 15.73M | 16.35M | 25.03M | 19.21M |
| Days Inventory Outstanding | 69.21 | 131.74 | 117.7 | 93.48 | 148.02 | 229.82 |
| Other Current Assets | 3.9M | 3.92M | 58K | 87K | 1.05M | 136K |
| Total Non-Current Assets | 53.95M | 49.04M | 32.3M | 32.42M | 33.23M | 90.28M |
| Property, Plant & Equipment | 14.07M | 12.23M | 13.09M | 14.77M | 14.7M | 15.41M |
| Fixed Asset Turnover | 10.49x | 5.26x | 4.65x | 6.11x | 6.47x | 2.56x |
| Goodwill | 8.3M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 23.73M | 17.25M | 14.94M | 688K | 15.83M | 15.97M |
| Long-Term Investments | 82.52M | 17.24M | 1.58M | 140K | 230.6M | 227.26M |
| Other Non-Current Assets | 0 | 0 | -1K | 16.82M | -230.48M | -171.04M |
| Total Assets | 113.77M | 106.27M | 93.1M | 106.58M | 180.25M | 160.69M |
| Asset Turnover | 1.31x | 0.61x | 0.65x | 0.85x | 0.53x | 0.25x |
| Asset Growth % | -60.94% | 14.15% | -12.65% | -40.87% | 12.17% | - |
| Total Current Liabilities | 99.19M | 156.56M | 100.42M | 87.34M | 195.59M | 168.68M |
| Accounts Payable | 23.18M | 35.39M | 27.82M | 25.9M | 25.4M | 24.18M |
| Days Payables Outstanding | 83.63 | 257.54 | 208.13 | 148.05 | 150.21 | 289.33 |
| Short-Term Debt | 29.74M | 88.51M | 40.43M | 26.05M | 128.46M | 107.48M |
| Deferred Revenue (Current) | 38.73M | 13.55M | 11.28M | 17.93M | 30.57M | 25.68M |
| Other Current Liabilities | 22.48M | 13.96M | 10.69M | 8.27M | 3.12M | 7.04M |
| Current Ratio | 0.60x | 0.37x | 0.61x | 0.85x | 0.75x | 0.42x |
| Quick Ratio | 0.44x | 0.25x | 0.45x | 0.66x | 0.62x | 0.30x |
| Cash Conversion Cycle | 79.85 | 65.14 | 138.89 | 135.65 | 417.26 | 204.82 |
| Total Non-Current Liabilities | 68.75M | 81.82M | 53.13M | 37.08M | 38.97M | 51.03M |
| Long-Term Debt | 22.19M | 35.95M | 37M | 22.19M | 34.41M | 41.78M |
| Capital Lease Obligations | 19.74M | 7.15M | 8.23M | 9.37M | 841K | 990K |
| Deferred Tax Liabilities | 21.27M | 1.96M | 1.52M | 4.39M | 2.5M | 6.71M |
| Other Non-Current Liabilities | 26.58M | 36.76M | 6.38M | 1.13M | 1.22M | 1.54M |
| Total Liabilities | 167.94M | 238.38M | 153.54M | 124.42M | 234.56M | 219.71M |
| Total Debt | 62.33M | 131.61M | 87.13M | 59.13M | 164.19M | 150.79M |
| Net Debt | 59.32M | 130.03M | 83.34M | 53.42M | 155.86M | 132.41M |
| Debt / Equity | -1.15x | - | - | - | 0.72x | - |
| Debt / EBITDA | 6.54x | - | - | 1.51x | 8.24x | - |
| Net Debt / EBITDA | 6.23x | - | - | 1.37x | 7.82x | - |
| Interest Coverage | 10.44x | -0.14x | -13.99x | 5.04x | 1.09x | -0.55x |
| Total Equity | -54.17M | -132.11M | -60.44M | -17.84M | 228.42M | -59.02M |
| Equity Growth % | -333.23% | -118.56% | -238.81% | -107.81% | 487.06% | - |
| Book Value per Share | -1.62 | -3.47 | -1.73 | -0.53 | 10.15 | -2.10 |
| Total Shareholders' Equity | -54.83M | -132.69M | -61.11M | -25.2M | 221.74M | -63.85M |
| Common Stock | 112.48M | 430.81K | 431K | 70.61M | 230.6M | 69.08M |
| Retained Earnings | 0 | 0 | 0 | 0 | -8.85M | -132.79M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -167.3M | -248.05M | -61.54M | -1.44M | -131.47M | -145K |
| Minority Interest | 654K | 578.75K | 668K | 7.36M | 6.68M | 4.84M |
Imminent liquidity and solvency
As reported in recent financial filings, SCHMID's equity position has deteriorated into a deficit of $54.8M by 2024Q2, a significant decline from the positive equity levels observed in 2021, signaling a structural weakening of the company's financial foundation as losses continue to outpace capital retention.
The persistent negative equity suggests that the company's accumulated losses have effectively wiped out shareholder value, leaving the firm with a precarious capital structure. Investors should monitor whether this trajectory is a result of one-time restructuring costs or a fundamental inability to generate sufficient returns on invested capital.
Based on the company's 2024Q2 balance sheet, the current ratio stands at a concerning 0.60, indicating that current assets are insufficient to cover short-term obligations, a trend that has worsened significantly since the 3.40 ratio reported in 2021Q4, according to historical financial data.
A current ratio below unity implies that the company may struggle to meet its immediate financial commitments without relying on external financing or asset liquidation. This liquidity constraint appears to be a primary risk factor that could limit the company's operational flexibility and ability to fund ongoing R&D initiatives.
According to the latest quarterly data, SCHMID carries $62.3M in total debt as of 2024Q2, which, when viewed against the backdrop of negative equity and minimal cash reserves, suggests a highly leveraged profile that leaves little room for error in a volatile industrial equipment market.
The presence of significant debt on a balance sheet with negative equity indicates that the company is effectively operating on borrowed capital that is not supported by a positive net asset base. This leverage structure warrants further investigation into the maturity profile and covenant requirements of the existing debt obligations.
As disclosed in recent financial statements, the company's reliance on $20.8M in deferred revenue alongside significant project-based accounting suggests that the balance sheet may be sensitive to project delays, which could further impair the company's already limited cash position if milestones are not met as expected.
The reliance on deferred revenue as a liability indicates that the company has received cash upfront for projects that have yet to be fully recognized, creating a potential future cash flow gap if operational costs exceed initial estimates. This accounting nuance makes the headline balance sheet figures potentially misleading regarding the company's true operational health.
Quick answers to the most common questions about buying SHMD stock.
As of 2025, SCHMID Group N.V. Class A Ordinary Shares (SHMD) had total assets of $106.3M including $57.2M in current assets.
SCHMID Group N.V. Class A Ordinary Shares (SHMD) carries total debt of $131.6M, offset by $1.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
SCHMID Group N.V. Class A Ordinary Shares (SHMD) has total shareholders' equity (book value) of $-132.7M ($-3.47 book value per share). Book value represents the net worth of the company belonging to common stock holders.
SCHMID Group N.V. Class A Ordinary Shares (SHMD) reported a current ratio of 0.37x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.