The company's financial stability is strained by a retained earnings deficit of $38.6M and a current ratio of 1.15 that provides limited protection against future obligations.
| Total Current Assets | 13.68M | 19.37M | 25.39M | 6.59M | 2.61M |
| Cash & Short-Term Investments | 3.06M | 4.15M | 5.39M | 1.55M | 1.54M |
| Cash Only | 3.06M | 4.15M | 5.39M | 1.55M | 1.54M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 5.99M | 9.01M | 14.53M | 3.36M | 103.8K |
| Days Sales Outstanding | 116.06 | 56.41 | 85.95 | 27.56 | 1.7 |
| Inventory | 0 | 154.09K | 769.58K | 1.13M | 781.73K |
| Days Inventory Outstanding | - | 1.04 | 4.97 | 10.08 | 14.42 |
| Other Current Assets | -353.67K | 1.68K | 0 | 0 | 0 |
| Total Non-Current Assets | 2.5M | 3.78M | 4.84M | 1.4M | 857.47K |
| Property, Plant & Equipment | 1.79M | 2.67M | 3.59M | 466.35K | 482.42K |
| Fixed Asset Turnover | 10.53x | 21.83x | 17.20x | 95.55x | 46.22x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 713.01K | 1.11M | 1.25M | 933K | 375.06K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 16.18M | 23.15M | 30.23M | 7.99M | 3.47M |
| Asset Turnover | 1.16x | 2.52x | 2.04x | 5.58x | 6.43x |
| Asset Growth % | -30.11% | -23.44% | 278.36% | 130.35% | - |
| Total Current Liabilities | 11.9M | 14.62M | 22.18M | 10.28M | 4.12M |
| Accounts Payable | 2.7M | 6.1M | 11.06M | 5.46M | 1.67M |
| Days Payables Outstanding | 54.15 | 41.22 | 71.38 | 48.88 | 30.76 |
| Short-Term Debt | 1.4M | 1.79M | 2.41M | 2.02M | 424.73K |
| Deferred Revenue (Current) | 4.92M | 2.5M | 5.29M | 1.2M | 671.75K |
| Other Current Liabilities | 2.87M | 0 | 0 | 0 | 0 |
| Current Ratio | 1.15x | 1.32x | 1.15x | 0.64x | 0.63x |
| Quick Ratio | 1.15x | 1.31x | 1.11x | 0.53x | 0.44x |
| Cash Conversion Cycle | - | 16.23 | 19.54 | -11.24 | -14.64 |
| Total Non-Current Liabilities | 989.5K | 1.63M | 2.4M | 484.36K | 603.48K |
| Long-Term Debt | 0 | 133.3K | 204.76K | 473.76K | 601.82K |
| Capital Lease Obligations | 989.5K | 1.5M | 2.19M | 10.6K | 1.66K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 12.89M | 16.26M | 24.58M | 10.77M | 4.72M |
| Total Debt | 2.39M | 4.11M | 5.52M | 2.54M | 1.25M |
| Net Debt | -666.09K | -42.05K | 128.45K | 985.71K | -288.95K |
| Debt / Equity | 0.73x | 0.60x | 0.98x | - | - |
| Debt / EBITDA | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - |
| Interest Coverage | -11.12x | -10.32x | -16.55x | -22.64x | -313.22x |
| Total Equity | 3.29M | 6.89M | 5.66M | -2.78M | -1.25M |
| Equity Growth % | -52.24% | 21.87% | 303.75% | -122.13% | - |
| Book Value per Share | 2.28 | 0.14 | 0.11 | -0.06 | -0.02 |
| Total Shareholders' Equity | 3.52M | 7.12M | 5.71M | -2.73M | -1.2M |
| Common Stock | 113 | 35 | 20 | 18 | 15 |
| Retained Earnings | -38.64M | -30.1M | -23.48M | -18.34M | -11.68M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -237.54K | 271.45K | -93.15K | -75.64K | 36.11K |
| Minority Interest | -231.61K | -231.59K | -54.66K | -41.11K | -49.98K |
Liquidity and scale collapse
As reported in recent financial filings, WBUY's total assets have declined from a peak of $30.2M in 2023Q4 to $16.2M by 2025Q4, signaling a significant reduction in the company's operational footprint and a potential retreat from previously aggressive expansion strategies across Southeast Asian markets.
The consistent shrinkage of the asset base suggests that the company is struggling to maintain its scale in the face of persistent operating losses. Investors should monitor whether this contraction is a controlled liquidation of unprofitable segments or an involuntary erosion of the business model's viability.
Based on 2025Q4 balance sheet data, WBUY maintains a cash position of $3.1M against a current ratio of 1.15, which provides only a narrow margin of safety given the company's history of negative operating cash flows and ongoing capital expenditure requirements.
While the current ratio appears superficially adequate, the reliance on deferred revenue of $4.9M as a significant component of current liabilities warrants caution. This suggests that the company's liquidity is heavily tied to future performance obligations rather than unencumbered cash, leaving little room for operational errors.
According to historical balance sheet records, WBUY's retained earnings have deteriorated to -$38.6M as of 2025Q4, reflecting a long-term pattern of value destruction that has consistently eroded shareholder equity and necessitated periodic reliance on external financing to remain solvent.
The persistent negative retained earnings indicate that the company has yet to achieve a profitable business model, effectively consuming capital rather than generating it. This trend suggests that equity holders remain at significant risk of further dilution should management seek additional capital to bridge the current funding gap.
As indicated by the 2025Q4 financial statements, WBUY reports a debt-to-equity ratio of 0.73, which may appear manageable in isolation but must be interpreted alongside the company's inability to generate consistent operating cash flow to service these obligations.
The debt load of $2.4M, while modest in absolute terms, represents a significant burden for a firm with such thin gross margins and volatile revenue. The reliance on debt in a period of contraction suggests that the company may be using leverage to fund basic operations rather than strategic growth initiatives.
Analysis of the 2025Q4 balance sheet reveals that deferred revenue of $4.9M exceeds the company's total cash balance of $3.1M, indicating that a substantial portion of current liabilities represents future service obligations rather than traditional financial debt.
This structural imbalance suggests that the company's liquidity position is more vulnerable than headline ratios imply, as any failure to fulfill these performance obligations could trigger significant cash outflows or revenue reversals. Investors should treat this deferred revenue as a potential hidden liability that constrains future operational flexibility.
Quick answers to the most common questions about buying WBUY stock.
As of 2025, WEBUY GLOBAL Ltd. Ordinary Shares (WBUY) had total assets of $16.2M including $13.7M in current assets.
WEBUY GLOBAL Ltd. Ordinary Shares (WBUY) carries total debt of $2.4M, offset by $3.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
WEBUY GLOBAL Ltd. Ordinary Shares (WBUY) has total shareholders' equity (book value) of $3.5M ($2.28 book value per share). Book value represents the net worth of the company belonging to common stock holders.
WEBUY GLOBAL Ltd. Ordinary Shares (WBUY) reported a current ratio of 1.15x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.