The company's financial position is increasingly strained by a $46.6M accumulated deficit and a heavy reliance on $29.9M in goodwill, which constitutes the majority of its $50.7M total asset base.
| Total Current Assets | 20.8M | 60.95M | 20.39M | 29.87M | 27.99M | 36.37M | 1.63M | 367.62K | 55.65K |
| Cash & Short-Term Investments | 17.88M | 43.4M | 16.06M | 23.72M | 26.63M | 7.03M | 618.05K | 99.36K | 9.54K |
| Cash Only | 17.88M | 43.4M | 16.06M | 23.72M | 26.63M | 7.03M | 546.29K | 99.36K | 9.54K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 71.76K | 0 | 0 |
| Accounts Receivable | 1.53M | 0 | 3.3M | 4.09M | 526.07K | 26.94M | 0 | 0 | 46.11K |
| Days Sales Outstanding | 78.93 | - | 109.85 | 136.02 | 15.66 | 444.43 | - | - | 390.44 |
| Inventory | 1.37M | 0 | 869.59K | 344.82K | 432.95K | 1.53M | 859.1K | 47.98K | 0 |
| Days Inventory Outstanding | 78.58 | - | 37.81 | 12.48 | 16.78 | 31.18 | 54.27 | 20.63 | - |
| Other Current Assets | 14.14K | 946.13K | 153.43K | 4.99K | 21.64K | 148.36K | 29.93K | 17.21K | 0 |
| Total Non-Current Assets | 29.93M | 0 | 195.53K | 8.12M | 299.35K | 1.1M | 1.26M | 1.5M | 0 |
| Property, Plant & Equipment | 41.23K | 0 | 195.53K | 410.99K | 299.35K | 1.05M | 1.26M | 1.46M | 0 |
| Fixed Asset Turnover | 171.73x | - | 56.14x | 26.71x | 40.95x | 21.02x | 6.08x | 0.74x | - |
| Goodwill | 0 | 0 | 0 | 7.7M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 29.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 9.89K | 0 | 43.84K | -1.26M | 41.59K | 0 |
| Total Assets | 50.73M | 60.95M | 20.58M | 38M | 28.29M | 37.46M | 3.24M | 1.87M | 55.65K |
| Asset Turnover | 0.14x | 0.00x | 0.53x | 0.29x | 0.43x | 0.59x | 2.37x | 0.58x | 0.77x |
| Asset Growth % | -16.75% | 196.08% | -45.82% | 34.31% | -24.49% | 1054.85% | 73.6% | 3257.89% | - |
| Total Current Liabilities | 1.32M | 676.16K | 7.64M | 8.35M | 3.81M | 12.99M | 3.22M | 873.23K | 5.33K |
| Accounts Payable | 866.93K | 17.53K | 2.55M | 4.99M | 1.66M | 5.69M | 1.16M | 384.92K | 0 |
| Days Payables Outstanding | 49.6 | 70.05 | 110.78 | 180.66 | 64.31 | 115.55 | 73.17 | 165.53 | - |
| Short-Term Debt | 17.76K | 0 | 418.31K | 332.31K | 47.05K | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 5.69K | 425.83K | 1M | 747.09K | 1.15M | 5.33M | 1.45M | 127.78K | 0 |
| Other Current Liabilities | 425.21K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.33K |
| Current Ratio | 15.81x | 90.13x | 2.67x | 3.58x | 7.35x | 2.80x | 0.51x | 0.42x | 10.45x |
| Quick Ratio | 14.77x | 90.13x | 2.56x | 3.54x | 7.24x | 2.68x | 0.24x | 0.37x | 10.45x |
| Cash Conversion Cycle | 107.91 | - | 36.88 | -32.16 | -31.87 | 360.06 | - | - | - |
| Total Non-Current Liabilities | 23.48K | 1.29M | 3.93M | 9.59M | 6.86M | 7.57M | 1.67M | 1.81M | 0 |
| Long-Term Debt | 0 | 1.29M | 1.41M | 7.11M | 1.86M | 2.03M | 903.81K | 808.71K | 0 |
| Capital Lease Obligations | 23.48K | 0 | 20.61K | 144.16K | 0 | 545.88K | 766.02K | 1M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 3.98K | 2.5M | 2.34M | 5M | 5M | 0 | 0 | 0 |
| Total Liabilities | 1.34M | 1.97M | 11.57M | 17.94M | 10.66M | 20.56M | 4.89M | 2.69M | 5.33K |
| Total Debt | 41.23K | 1.29M | 1.97M | 7.69M | 1.92M | 2.85M | 1.89M | 2.01M | 0 |
| Net Debt | -17.84M | -42.11M | -14.09M | -16.03M | -24.71M | -4.18M | 1.35M | 1.91M | -9.54K |
| Debt / Equity | 0.00x | 0.02x | 0.22x | 0.38x | 0.11x | 0.17x | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - |
| Total Equity | 49.39M | 58.98M | 9.02M | 20.06M | 17.63M | 16.9M | -1.65M | -817.39K | 27.03K |
| Equity Growth % | -16.25% | 554.15% | -55.05% | 13.79% | 4.28% | 1125.21% | -101.69% | -3123.69% | - |
| Book Value per Share | 223.46 | 10447.38 | 6944.18 | 31588.07 | 37423.73 | 58595.17 | -7383.27 | -3814.42 | 126.15 |
| Total Shareholders' Equity | 49.39M | 59.38M | 9.41M | 20.21M | 17.63M | 16.9M | -1.65M | -817.39K | 27.03K |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -46.62M | -28.03M | -33.15M | -17.08M | -6.01M | -4.93M | -2.71M | -954.26K | 25.84K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -5.22M | -5.3M | -1.95M | -1.28M | 253.74K | -148.54K | 57.25K | 30.38K | 1.2K |
| Minority Interest | 0 | -398.45K | -398.45K | -152.13K | -4.29K | 0 | 0 | 0 | 0 |
Persistent operating loss depletion
As reported in recent SEC filings, WNW's total assets have fluctuated significantly, declining from $60.9M in 2024Q4 to $50.7M by 2025Q4, a trend that underscores the instability of the company's capital base amidst ongoing efforts to pivot its business model toward high-volume, low-margin retail segments.
The contraction in total assets suggests that the company is struggling to maintain a stable capital foundation while navigating deep operating losses. Investors should monitor whether this downward trajectory in asset value reflects a strategic downsizing or an inability to replace depreciating assets with productive, revenue-generating capital.
Based on the latest financial statements, the company's cash position dropped from $43.4M in 2024Q4 to $17.9M in 2025Q4, indicating that the current cash runway is rapidly shortening as the firm continues to fund its operations through existing reserves rather than internally generated cash flow.
While the current ratio of 15.81 appears superficially high, it is heavily distorted by the company's specific asset mix and does not necessarily reflect a robust ability to meet short-term obligations. The rapid decline in cash reserves warrants close scrutiny, as it may necessitate future dilutive financing to sustain the current operating model.
According to the 2025Q4 balance sheet, goodwill accounts for $29.9M of the $50.7M total asset base, representing a significant portion of the company's book value and highlighting a potential vulnerability to future impairment charges if the underlying business units fail to achieve projected profitability targets.
The heavy reliance on intangible assets like goodwill suggests that the company's book value is not backed by tangible, liquid assets, which could lead to significant write-downs if the retail platform's performance continues to deteriorate. This concentration of non-physical assets implies that the balance sheet's strength is highly sensitive to management's subjective valuation of past acquisitions.
As indicated by the reported figures, the company's retained earnings have plummeted to a deficit of $46.6M as of 2025Q4, reflecting years of persistent net losses that have significantly eroded the shareholder equity base and limited the company's financial flexibility for future growth initiatives.
The deepening deficit in retained earnings serves as a clear indicator of the company's inability to convert its revenue growth into sustainable shareholder value. This trend suggests that the equity base is being consumed by operational inefficiencies, leaving little room for error in the company's ongoing attempts to achieve a break-even status.
Quick answers to the most common questions about buying WNW stock.
As of 2025, Meiwu Technology Company Limited (WNW) had total assets of $50.7M including $20.8M in current assets.
Meiwu Technology Company Limited (WNW) carries total debt of $0.0M, offset by $17.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Meiwu Technology Company Limited (WNW) has total shareholders' equity (book value) of $49.4M ($223.46 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Meiwu Technology Company Limited (WNW) reported a current ratio of 15.81x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.