The company's financial leverage has deteriorated significantly, with total debt surging from zero in 2024Q1 to $153.4 million by 2024Q2, resulting in a debt-to-equity ratio of 4.32.
| Total Assets | 493.93M | 202.65M | 317.18M | 586.76M | 1.04B | 1.87B | 3.94B | 5.15B | 4.97B | 2.65B |
| Asset Growth % | -111.69% | -36.11% | -45.94% | -43.49% | -44.56% | -52.44% | -23.46% | 3.43% | 87.63% | - |
| Real Estate & Other Assets | 225.21M | 239.15K | 3.15M | 287.1M | 530.65M | 737.01M | 797.83M | 976.29M | 825.14M | 731.82M |
| PP&E (Net) | 178.71M | 120.88M | 149.74M | 196.96M | 450.59M | 910.56M | 1.23B | 2.42B | 2.43B | 1.44B |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 |
| Total Current Assets | 60.38M | 62.64M | 145.41M | 294.55M | 53.24M | 165.79M | 348.06M | 175.77M | 274.63M | 188.74M |
| Cash & Equivalents | 60.38M | 36.08M | 90.37M | 54.29M | 53.24M | 165.79M | 348.06M | 175.77M | 274.63M | 188.74M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 |
| Other Current Assets | -99.45M | 482.31K | 9.57M | 17.24M | 0 | 0 | -135.33M | 72.83M | 0 | 0 |
| Intangible Assets | 2.54M | 0 | 0 | 2.85M | 3.88M | 16.64M | 28.42M | 40.1M | 30.14M | 2.76M |
| Total Liabilities | 458.39M | 74.24M | 173.94M | 517.24M | 960.97M | 1.5B | 1.75B | 3.04B | 4.38B | 1.83B |
| Total Debt | 153.44M | 22.16M | 104.96M | 147.5M | 388K | 646K | 15.24M | 5M | 19.34M | 18.05M |
| Net Debt | 93.06M | -13.92M | 14.59M | 93.21M | -52.86M | -165.15M | -332.82M | -170.77M | -255.29M | -170.7M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 388K | 646K | 15.24M | 5M | 19.34M | 18.05M |
| Short-Term Borrowings | 47.62M | 8.76M | 76M | 39.95M | 86.81M | 106.32M | 123.12M | 0 | 0 | 0 |
| Capital Lease Obligations | 148.36M | 13.4M | 28.96M | 107.56M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 384.73M | 58.38M | 147.4M | 432.04M | 51.01M | 43.27M | 58.25M | 61.91M | 33.09M | 20.65M |
| Accounts Payable | 174.11M | 10.36M | 21.31M | 202.18M | 279.68M | 263.22M | 272.3M | 325.68M | 0 | 0 |
| Deferred Revenue | 10.18M | 674.42K | 1.75M | 10.84M | 17.58M | 32.02M | 24.39M | 35.85M | 0 | 0 |
| Other Liabilities | 458.39M | 2.47M | 5.57M | 14.57M | 909.57M | 1.45B | 1.68B | 2.97B | 4.33B | 1.79B |
| Total Equity | 35.53M | 128.41M | 143.24M | 69.52M | 77.39M | 377.71M | 2.19B | 2.1B | 596.07M | 824.8M |
| Equity Growth % | 7.97% | -10.36% | 106.04% | -10.17% | -79.51% | -82.72% | 3.87% | 253% | -27.73% | - |
| Shareholders Equity | 34.2M | 129.59M | 101.01M | 61.97M | 51.27M | 336.55M | 2B | 1.9B | 397.71M | 823.44M |
| Minority Interest | 1.34M | -1.19M | 42.23M | 7.55M | 26.13M | 41.16M | 185.3M | 205.97M | 198.36M | 1.36M |
| Common Stock | 117K | 766.49K | 355K | 99K | 63K | 60K | 55K | 44K | 0 | 0 |
| Additional Paid-in Capital | 4.59B | 4.75B | 4.68B | 4.57B | 4.55B | 4.57B | 4.23B | 3.65B | 1.35B | 1.35B |
| Retained Earnings | -4.58B | -4.64B | -4.61B | -4.53B | -4.52B | -4.23B | -2.24B | -1.75B | -955.5M | -525.91M |
| Preferred Stock | 0 | 1.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | -9.05% | -14.16% | -17.69% | -0.6% | -20.04% | -68.71% | -10.76% | -15.64% | -11.27% | -13.42% |
| Return on Equity (ROE) | -121.39% | -27.1% | -75.17% | -6.62% | -128.18% | -155.77% | -22.78% | -58.6% | -60.47% | -43.13% |
| Debt / Assets | 31.07% | 10.94% | 33.09% | 25.14% | 0.04% | 0.03% | 0.39% | 0.1% | 0.39% | 0.68% |
| Debt / Equity | 4.32x | 0.17x | 0.73x | 2.12x | 0.01x | 0.00x | 0.01x | 0.00x | 0.03x | 0.02x |
| Net Debt / EBITDA | -5.82x | - | - | - | - | - | - | - | - | - |
| Book Value per Share | 440.65 | 475.93 | 1776.20 | 1285.41 | 2107.11 | 10508.90 | 80525.24 | 100849.02 | 15782.04 | 21837.91 |
Liquidity and solvency crisis
According to the latest quarterly filings, total assets have plummeted from $1.0 billion in 2022Q4 to $493.9 million by 2024Q2, reflecting a significant contraction in the company's physical footprint and a potential impairment of its long-lived leasehold improvements.
The sharp decline in total assets suggests that the company is aggressively shedding its self-operated portfolio, likely in a desperate attempt to reduce fixed lease obligations. This trajectory indicates that the firm is no longer in a growth phase but is instead undergoing a forced downsizing that threatens its long-term viability.
As reported in financial statements, total debt surged from zero in 2024Q1 to $153.4 million by 2024Q2, causing the debt-to-equity ratio to spike to 4.32, which indicates a sudden and potentially unsustainable reliance on external financing to cover operational shortfalls.
The rapid re-leveraging of the balance sheet in a single quarter suggests that the company lacks access to stable capital markets and is likely resorting to high-cost or emergency debt instruments. Investors should monitor whether this debt is secured by remaining assets, as further deterioration could lead to a total loss of equity value.
Based on the company's reported figures, cash and equivalents have fluctuated significantly, ending 2024Q2 at $77.5 million, a level that appears insufficient given the persistent negative FFO and the absence of clear, recurring revenue streams to support ongoing operations.
The company's liquidity position is precarious, as the cash balance is being eroded by operating losses rather than being bolstered by profitable property management. Without a clear path to positive cash flow, the current liquidity buffer may be exhausted rapidly, necessitating further dilutive capital raises or asset sales.
Financial disclosures indicate that capital expenditure has remained at zero across all observed periods, which is highly unusual for a REIT and suggests that necessary maintenance and tenant improvements are being deferred, potentially masking significant off-balance-sheet liabilities.
The absence of reported CapEx implies that the company is failing to reinvest in its properties, which will likely lead to accelerated asset degradation and loss of tenant appeal. This accounting choice warrants further investigation, as it may be artificially inflating short-term cash flow metrics at the expense of long-term asset quality.
Quick answers to the most common questions about buying UK stock.
As of 2025, Ucommune International Ltd (UK) had total assets of $202.6M including $62.6M in current assets.
Ucommune International Ltd (UK) carries total debt of $22.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Ucommune International Ltd (UK) has total shareholders' equity (book value) of $129.6M ($475.93 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Ucommune International Ltd (UK) reported a current ratio of 1.07x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.