The company maintains a current ratio of 20.55, yet this liquidity buffer is offset by a significant accumulated deficit of $13.9 million that undermines long-term equity quality.
| Total Current Assets | 17.87M | 15.06M | 16.74M | 4.6M | 22.43M | 2.46M | 5.79M |
| Cash & Short-Term Investments | 9.87M | 11.18M | 4.83M | 1.29M | 1.52M | 788.96K | 948.61K |
| Cash Only | 9.87M | 11.18M | 4.83M | 1.29M | 1.52M | 788.96K | 948.61K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 28.05K | 227.04K | 396.29K | 264.8K | 282.46K | 1.09M | 1.77M |
| Days Sales Outstanding | 0.98 | 2.79 | 2.8 | 1.02 | 1.19 | 5.48 | 10.52 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 16.01K | 14.33K | 9.44M | 73.38K | 210.44K | 557.42K | 100.23K |
| Total Non-Current Assets | 20.47M | 5.92M | 54.99K | 249.68K | 476K | 4.16K | 3.27K |
| Property, Plant & Equipment | 6.15M | 5.82M | 25.53K | 3.73K | 3.35K | 2.34K | 1.73K |
| Fixed Asset Turnover | 21.18x | 5.10x | 2020.84x | 25300.08x | 25896.88x | 30951.30x | 35604.97x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 5.18K | 5.29K | 5.71K | 0 | 0 | 0 | 0 |
| Long-Term Investments | 155.36K | 81.43K | 0 | 0 | 0 | 0 | 1.5K |
| Other Non-Current Assets | 14.24M | 13.79K | 23.74K | 245.96K | 472.65K | 0 | 0 |
| Total Assets | 38.34M | 20.98M | 16.79M | 4.85M | 22.9M | 2.46M | 5.8M |
| Asset Turnover | 2.58x | 1.41x | 3.07x | 19.43x | 3.78x | 29.36x | 10.62x |
| Asset Growth % | 482.15% | 24.92% | 245.98% | -78.81% | 829.31% | -57.49% | - |
| Total Current Liabilities | 869.66K | 1.47M | 2.91M | 3.78M | 21.99M | 2.39M | 5.01M |
| Accounts Payable | 75.44K | 201.37K | 718.13K | 573.62K | 282.46K | 1.66M | 848 |
| Days Payables Outstanding | 2.93 | 2.5 | 5.15 | 2.26 | 1.21 | 8.49 | 0.01 |
| Short-Term Debt | 0 | 397.29K | 701.58K | 138.39K | 0 | 0 | 478.99K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 1.78M | 20.9M | 0 | 4.23M |
| Other Current Liabilities | 165.14K | 206.67K | 565.23K | 1.26M | -267.16K | 701.18K | 36.35K |
| Current Ratio | 20.55x | 10.24x | 5.75x | 1.22x | 1.02x | 1.03x | 1.16x |
| Quick Ratio | 20.55x | 10.24x | 5.75x | 1.22x | 1.02x | 1.03x | 1.16x |
| Cash Conversion Cycle | -1.95 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 500.07K | 490.81K | 7.74K | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 7.58K | 0 | 7.58K | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 988 | 149 | 154 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 499.72K | 490.66K | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.37M | 1.96M | 2.92M | 3.78M | 21.99M | 2.39M | 5.01M |
| Total Debt | 0 | 397.29K | 716.53K | 138.39K | 0 | 0 | 478.99K |
| Net Debt | -9.87M | -10.79M | -4.12M | -1.16M | -1.52M | -788.96K | -469.62K |
| Debt / Equity | 0.00x | 0.02x | 0.05x | 0.13x | - | - | 0.61x |
| Debt / EBITDA | -0.00x | - | - | 0.89x | - | - | - |
| Net Debt / EBITDA | 0.71x | - | - | -7.41x | -11.82x | - | - |
| Interest Coverage | -328.89x | -87.22x | -46.10x | 193.27x | - | 66.28x | -18.62x |
| Total Equity | 36.97M | 19.02M | 13.87M | 1.07M | 910.93K | 75.49K | 785.6K |
| Equity Growth % | 1556.84% | 37.08% | 1195.33% | 17.58% | 1106.65% | -90.39% | - |
| Book Value per Share | 32.51 | 65.18 | 219.79 | 17.85 | 15.75 | 2.01 | 20.95 |
| Total Shareholders' Equity | 36.97M | 19.02M | 13.87M | 1.07M | 910.93K | 75.49K | 785.6K |
| Common Stock | 48.45K | 33.26K | 2.7K | 2.4K | 2.4K | 1.5K | 1.5K |
| Retained Earnings | -13.88M | -3.76M | -1.23M | -214.33K | -348.24K | -218.76K | -139.22K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 478.04K | 328.98K | 526.01K | 241.16K | 214.92K | 147.22K | 34.28K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Persistent negative equity accumulation
According to recent financial statements, total assets grew to $38.3 million by 2026Q2, yet this expansion appears disconnected from operational performance, as the company continues to report significant accumulated deficits that suggest a weakening underlying business quality despite the superficial increase in reported balance sheet size.
The growth in total assets is primarily driven by a surge in property, plant, and equipment to $6.2 million, which warrants skepticism given the company's service-oriented business model. Investors should monitor whether this capital allocation represents a strategic pivot or merely an inefficient use of cash that fails to generate commensurate revenue growth.
Based on reported figures for 2026Q2, the company maintains a current ratio of 20.55, which suggests a substantial short-term buffer; however, this metric may be misleading given the company's persistent cash burn and the lack of deferred revenue to offset future operational obligations.
While the current ratio appears robust, the absolute cash position of $9.9 million is declining from previous peaks, indicating that the company is consuming its capital reserves to fund ongoing operating losses. The absence of deferred revenue suggests that the company lacks a predictable pipeline of future service obligations, leaving it vulnerable to sudden liquidity shocks.
As reported in quarterly filings, the company's equity base of $37.0 million is heavily burdened by an accumulated deficit of $13.9 million, indicating that historical operations have consistently failed to generate value for shareholders since the company's inception.
The persistent negative retained earnings highlight a structural inability to achieve profitability, which raises concerns about the long-term sustainability of the current capital structure. Investors should consider whether future financing needs will lead to further dilution, given that the equity base is currently supported more by capital injections than by organic earnings growth.
Financial data reveals a notable increase in net PPE to $6.2 million as of 2026Q2, a development that appears inconsistent with a software-infrastructure firm and suggests the company may be pivoting toward a more capital-intensive model that could further strain its already thin margins.
The sudden rise in fixed assets, contrasted with the company's historical focus on algorithmic risk assessment, warrants further investigation into the nature of these investments. This shift may indicate that the company is attempting to internalize service fulfillment, which could introduce new operational risks and increase the burden of maintenance costs on the balance sheet.
Quick answers to the most common questions about buying UBXG stock.
As of 2025, U-BX Technology Ltd. (UBXG) had total assets of $21.0M including $15.1M in current assets.
U-BX Technology Ltd. (UBXG) carries total debt of $0.4M, offset by $11.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
U-BX Technology Ltd. (UBXG) has total shareholders' equity (book value) of $19.0M ($65.18 book value per share). Book value represents the net worth of the company belonging to common stock holders.
U-BX Technology Ltd. (UBXG) reported a current ratio of 10.24x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.