Financial leverage has reached concerning levels, with the debt-to-equity ratio surging to 5.99 as of 2025Q2 compared to 1.28 in 2023Q2.
| Total Current Assets | 136.01M | 97.42M | 158.37M | 256.92M | 273.64M | 251.49M | 41.51M | 18.66M |
| Cash & Short-Term Investments | 32.22M | 9.41M | 45.94M | 106.89M | 88.7M | 171.06M | 22.58M | 7.5M |
| Cash Only | 27.3M | 4.45M | 20.04M | 101.16M | 83.31M | 113.87M | 22.34M | 7.23M |
| Short-Term Investments | 4.91M | 4.97M | 25.9M | 6.32M | 5.4M | 57.19M | 239.38K | 267.57K |
| Accounts Receivable | 40.83M | 32.06M | 30.29M | 57.27M | 42.61M | 41.23M | 11.11M | 4.11M |
| Days Sales Outstanding | 63.93 | 71.44 | 67.42 | 144.93 | 108.41 | 209.42 | 206.62 | 189.11 |
| Inventory | 56.61M | 47.52M | 70.08M | 92.48M | 117.36M | 27.49M | 7.24M | 4.25M |
| Days Inventory Outstanding | 115.31 | 87.66 | 232.1 | 347.36 | 499.91 | 224.69 | 249.89 | 428.22 |
| Other Current Assets | 1M | 2.07M | 7.25M | -4.52M | 21.73M | 9.13M | 0 | 2.8M |
| Total Non-Current Assets | 180.48M | 142.09M | 194.7M | 226.62M | 166.81M | 91.12M | 40.33M | 17.74M |
| Property, Plant & Equipment | 92.89M | 85.31M | 100.02M | 111.61M | 36.26M | 43.78M | 9.27M | 6M |
| Fixed Asset Turnover | 3.07x | 1.92x | 1.64x | 1.29x | 3.96x | 1.64x | 2.12x | 1.32x |
| Goodwill | 10.8M | 10.8M | 11.18M | 14.79M | 16.17M | 6.15M | 6.15M | 0 |
| Intangible Assets | 71.75M | 39.78M | 76.1M | 103.89M | 12.06M | 37.31M | 23.12M | 1.31M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 656.55K |
| Other Non-Current Assets | 5.03M | 6.21M | 7.4M | -3.66M | 102.32M | 3.89M | 1.79M | 9.78M |
| Total Assets | 316.49M | 239.52M | 353.07M | 483.54M | 421.98M | 342.61M | 81.84M | 36.41M |
| Asset Turnover | 0.56x | 0.68x | 0.46x | 0.30x | 0.34x | 0.21x | 0.24x | 0.22x |
| Asset Growth % | -176.36% | -32.16% | -26.98% | 14.59% | 23.17% | 318.62% | 124.81% | - |
| Total Current Liabilities | 152.56M | 172.15M | 175.75M | 190.77M | 178.79M | 193.91M | 23.68M | 15.9M |
| Accounts Payable | 33.16M | 42.2M | 23.52M | 36.54M | 65.83M | 40.93M | 8.13M | 6.99M |
| Days Payables Outstanding | 75.42 | 77.85 | 77.88 | 137.24 | 280.42 | 334.52 | 280.3 | 703.31 |
| Short-Term Debt | 101.78M | 109.9M | 131.81M | 126.5M | 89.27M | 38.44M | 12.63M | 7.36M |
| Deferred Revenue (Current) | 5.32M | 2.81M | 2.78M | 5.9M | 1.54M | 2.08M | 401.58K | 0 |
| Other Current Liabilities | 2.96M | 2.03M | 4.52M | 4.87M | 7.15M | 94.37M | 0 | 443.21K |
| Current Ratio | 0.89x | 0.57x | 0.90x | 1.35x | 1.53x | 1.30x | 1.75x | 1.17x |
| Quick Ratio | 0.52x | 0.29x | 0.50x | 0.86x | 0.87x | 1.16x | 1.45x | 0.91x |
| Cash Conversion Cycle | 103.82 | 81.25 | 221.63 | 355.05 | 327.9 | 99.59 | 176.21 | -85.97 |
| Total Non-Current Liabilities | 127.79M | 98.83M | 114.74M | 142.96M | 74.04M | 41.17M | 45.93M | 9.98M |
| Long-Term Debt | 79.77M | 54.76M | 66.66M | 80.86M | 44.36M | 20.01M | 35.89M | 5.85M |
| Capital Lease Obligations | 97.62M | 28.82M | 31.74M | 34.06M | 24.66M | 20.68M | 3.43M | 4.02M |
| Deferred Tax Liabilities | 6.23M | 2.67M | 3.41M | 9.35M | 1.39M | 30.48K | 40.64K | 0 |
| Other Non-Current Liabilities | 2.63M | 2.61M | 3.06M | 13.84M | 1.44M | -800.86K | 6.57M | 108.75K |
| Total Liabilities | 280.35M | 270.98M | 290.49M | 333.73M | 252.83M | 211.54M | 69.61M | 25.88M |
| Total Debt | 216.39M | 197.77M | 234.88M | 246.33M | 160.93M | 80.87M | 52.64M | 17.71M |
| Net Debt | 189.09M | 193.32M | 214.84M | 145.18M | 77.62M | -42.81M | 30.3M | 10.48M |
| Debt / Equity | 5.99x | - | 3.75x | 1.64x | 0.95x | 0.62x | 4.30x | 1.68x |
| Debt / EBITDA | -1.97x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -1.72x | - | - | - | - | - | - | - |
| Interest Coverage | -4.94x | -5.56x | -4.91x | -6.51x | -21.46x | -8.20x | -10.83x | -17.72x |
| Total Equity | 36.14M | -31.46M | 62.58M | 149.81M | 169.15M | 131.07M | 12.23M | 10.53M |
| Equity Growth % | -188.3% | -150.27% | -58.23% | -11.43% | 29.05% | 971.46% | 16.22% | - |
| Book Value per Share | 0.19 | -2.18 | 0.33 | 0.80 | 1.04 | 0.95 | 0.08 | 0.07 |
| Total Shareholders' Equity | 35.27M | -31.69M | 64.8M | 149.79M | 169.15M | 131.07M | 12.23M | 10.53M |
| Common Stock | 65.99M | 66.26M | 55.24M | 50.35M | 45.77M | 44.48M | 196.06K | 189.18K |
| Retained Earnings | -63.77M | -674.86M | -569.17M | -463.89M | -306.7M | -243.9M | -20.12M | -9.78M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -2.99M | 539.64M | 12.78M | 5.87M | 10.6M | 2.6M | 76.17K | 623.05K |
| Minority Interest | 867K | 232K | -2.22M | 22K | 0 | 0 | 0 | 0 |
Imminent liquidity shortfall
As reported in recent financial filings, Wallbox's total assets have contracted from $511.2 million in 2023Q3 to $316.5 million by 2025Q2, reflecting a deteriorating balance sheet trajectory that underscores the company's struggle to maintain its asset base while navigating persistent operational losses and significant cash outflows.
The consistent decline in total assets suggests that the company is consuming its resource base to fund ongoing operations rather than reinvesting for growth. This trend warrants close monitoring, as the shrinking asset pool may limit future operational flexibility and strategic pivots.
Based on the latest quarterly data, Wallbox's debt-to-equity ratio has surged to 5.99, a significant increase from 1.28 in 2023Q2, indicating that the company is increasingly reliant on debt financing to sustain its capital-intensive manufacturing operations amidst a backdrop of negative earnings and shrinking equity buffers.
The sharp rise in leverage suggests that the company's capital structure is becoming increasingly fragile, potentially limiting its access to future credit markets. Investors should consider whether this debt load is sustainable given the current lack of positive cash flow generation.
According to the 2025Q2 balance sheet, Wallbox's cash position has dwindled to $27.3 million, while the current ratio has fallen to 0.89, signaling a precarious liquidity position that leaves the firm with minimal buffer against operational shocks or further delays in achieving positive unit economics.
A current ratio below 1.0 implies that the company's short-term obligations may soon exceed its liquid assets, raising concerns about its ability to meet immediate financial commitments. This liquidity constraint appears to be a primary risk factor that may necessitate dilutive equity issuance or emergency financing.
As indicated by the company's reported figures, retained earnings have plummeted to a deficit of $63.8 million, reflecting the cumulative impact of sustained operational losses that have significantly eroded the shareholder equity base over the past several quarters of aggressive, yet unprofitable, global expansion.
The persistent negative trajectory in retained earnings highlights the difficulty the company faces in converting its hardware sales into bottom-line profitability. This erosion of equity suggests that the current business model may require a fundamental restructuring to preserve long-term shareholder value.
Quick answers to the most common questions about buying WBX stock.
As of 2025, Wallbox N.V. (WBX) had total assets of $239.5M including $97.4M in current assets.
Wallbox N.V. (WBX) carries total debt of $197.8M, offset by $9.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Wallbox N.V. (WBX) has total shareholders' equity (book value) of $-31.7M ($-2.18 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Wallbox N.V. (WBX) reported a current ratio of 0.57x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.