The company faces critical solvency constraints, evidenced by a 2025Q3 current ratio of 0.03 and a total liability base of $30.2 billion against only $2.8 billion in total assets.
| Total Current Assets | 909.92M | 3.01M | 5.06M | 11.07M | 35.56M | 36.13M |
| Cash & Short-Term Investments | 208.18M | 1.08M | 1.79M | 3.85M | 26.78M | 29.06M |
| Cash Only | 208.18M | 1.08M | 1.5M | 3.69M | 26.78M | 29.06M |
| Short-Term Investments | 0 | 0 | 298.5K | 166.54K | 0 | 0 |
| Accounts Receivable | 52.33M | 594.58K | 1.01M | 5.05M | 204.2K | 4.45M |
| Days Sales Outstanding | 2.76 | 23.83 | 37.37 | 208.95 | 5.82 | 158.82 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 649.15M | 267.29K | 797.14K | 942.86K | 7.63M | 1.5M |
| Total Non-Current Assets | 1.86B | 2.34M | 4.11M | 5.38M | 6.62M | 15.37M |
| Property, Plant & Equipment | 1.03B | 1.35M | 2.85M | 4.42M | 3.43M | 11.64M |
| Fixed Asset Turnover | 9.10x | 6.75x | 3.47x | 2.00x | 3.73x | 0.88x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.85M | 5.45K | 18.39K | 33.41K | 75.82K | 38.22K |
| Long-Term Investments | 21.64M | 25.65K | 91.95K | 254.03K | 399.81K | 513.01K |
| Other Non-Current Assets | 814.29M | 963.15K | 1.15M | 673.99K | 2.99M | 3.18M |
| Total Assets | 2.77B | 5.36M | 9.17M | 16.46M | 42.17M | 51.5M |
| Asset Turnover | 3.30x | 1.70x | 1.08x | 0.54x | 0.30x | 0.20x |
| Asset Growth % | 79159.1% | -41.59% | -44.27% | -60.97% | -18.11% | - |
| Total Current Liabilities | 29.19B | 29.51M | 31.3M | 14.61M | 19.3M | 49.07M |
| Accounts Payable | 14.81B | 12.55M | 14.43M | 6.55M | 6.32M | 7.75M |
| Days Payables Outstanding | 1.13K | 864.71 | 509.85 | 115.6 | 91.22 | 142.61 |
| Short-Term Debt | 4.56B | 8.85M | 7.08M | 2.47M | 4.74M | 30.59M |
| Deferred Revenue (Current) | 2.6M | 471.72K | 716.09K | 786.57K | 346.75K | 753.88K |
| Other Current Liabilities | 9.81B | 1.21M | 10.22K | 380.46K | 3.98M | 538.13K |
| Current Ratio | 0.03x | 0.10x | 0.16x | 0.76x | 1.84x | 0.74x |
| Quick Ratio | 0.03x | 0.10x | 0.16x | 0.76x | 1.84x | 0.74x |
| Cash Conversion Cycle | -1.12K | - | - | - | - | - |
| Total Non-Current Liabilities | 1.02B | 1.2M | 11.57M | 222.77M | 186.43M | 144.55M |
| Long-Term Debt | 609.62M | 0 | 10.07M | 31.41M | 7.5M | 8.52M |
| Capital Lease Obligations | 2.83M | 801.98K | 1.01M | 6.38M | 7.94M | 9.11M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 406.42M | 394.03K | 491.45K | 184.98M | 170.99M | 126.93M |
| Total Liabilities | 30.2B | 30.71M | 42.86M | 237.38M | 205.73M | 193.62M |
| Total Debt | 5.17B | 13.94M | 24.26M | 41.98M | 21.42M | 52.03M |
| Net Debt | 4.97B | 12.86M | 22.76M | 38.3M | -5.37M | 22.96M |
| Debt / Equity | -0.19x | - | - | - | - | - |
| Debt / EBITDA | 2.81x | - | - | - | - | - |
| Net Debt / EBITDA | 2.69x | - | - | - | - | - |
| Interest Coverage | 85.11x | -4.45x | -28.79x | -37.14x | -9.65x | -1.87x |
| Total Equity | -27.43B | -25.35M | -33.69M | -220.92M | -163.55M | -142.12M |
| Equity Growth % | -155752.08% | 24.76% | 84.75% | -35.07% | -15.08% | - |
| Book Value per Share | -2241.39 | -51.28 | -1023.33 | -13760.01 | -10187.10 | -6629.68 |
| Total Shareholders' Equity | -27.43M | -25.35M | -33.69M | -246.03M | -188.67M | -167.24M |
| Common Stock | 715 | 246 | 6.32K | 48 | 1.7K | 1.68K |
| Retained Earnings | -338.89M | -333.17M | -307.55M | -270M | -207.97M | -176.93M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.52M | 2.13M | 1.8M | 1.83M | 769.16K | -42.62K |
| Minority Interest | 0 | 0 | 0 | 25.11M | 25.11M | 25.11M |
Imminent liquidity exhaustion risk
As reported in recent financial filings, ZCAR's balance sheet trajectory reflects extreme instability, evidenced by a massive shift in total liabilities to $30.2 billion in 2025Q3, which suggests that the company's financial foundation is deteriorating rapidly and lacks the necessary stability for long-term operational sustainability.
The erratic movement in total assets and liabilities indicates a lack of structural coherence in the company's capital base. Investors should monitor whether these fluctuations represent genuine business shifts or accounting volatility, as the current trajectory appears to be moving toward a state of insolvency.
Based on the company's reported figures, ZCAR's liquidity position is severely compromised, with a current ratio of 0.03 in 2025Q3, indicating that the firm lacks the liquid assets required to cover its immediate short-term obligations and faces a significant risk of operational disruption.
A current ratio near zero suggests that the company is effectively unable to meet its near-term liabilities without immediate external capital injections. This precarious liquidity profile implies that the business is operating with virtually no buffer against unexpected shocks or market downturns.
According to the latest balance sheet data, ZCAR's equity position has collapsed into a deep deficit of $27.4 million as of 2025Q3, reflecting years of accumulated losses that have effectively wiped out shareholder value and left the company with a negative net worth.
The persistent negative retained earnings, which reached $338.9 million, underscore a fundamental inability to generate profitable growth. This equity erosion suggests that future financing will likely require highly dilutive measures, further pressuring the interests of existing shareholders.
As evidenced by the provided financial statements, the massive discrepancy between reported assets and liabilities, particularly the $30.2 billion in liabilities against a $2.8 billion asset base in 2025Q3, suggests that headline figures may be heavily distorted by non-recurring items or accounting anomalies.
The extreme divergence between assets and liabilities warrants deep investigation into the nature of these obligations, as they do not appear to align with the company's operational scale. Such distortions make it difficult to assess the true economic value of the firm and suggest that the balance sheet may not accurately reflect the underlying business risk.
Quick answers to the most common questions about buying ZCAR stock.
As of 2024, Zoomcar Holdings, Inc. (ZCAR) had total assets of $5.4M including $3.0M in current assets.
Zoomcar Holdings, Inc. (ZCAR) carries total debt of $13.9M, offset by $1.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Zoomcar Holdings, Inc. (ZCAR) has total shareholders' equity (book value) of $-25.3M ($-51.28 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Zoomcar Holdings, Inc. (ZCAR) reported a current ratio of 0.10x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.