The firm's financial position has eroded significantly, with total assets contracting from $185.7M in 2026Q1 to $73.9M in 2026Q3.
| Total Current Assets | 20.26M | 3.82M | 3.21M | 1.74M | 1.73M | 1.21M |
| Cash & Short-Term Investments | 4.05M | 1.46M | 2.02M | 393.19K | 263.51K | 135.44K |
| Cash Only | 4.05M | 1.46M | 2.02M | 393.19K | 263.51K | 135.44K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 363.98K | 657.68K | 467.29K | 233.56K | 405.44K | 252.49K |
| Days Sales Outstanding | 49.44 | 115.81 | 106.27 | 34.92 | 55.89 | 55.1 |
| Inventory | 781.01K | 1.38M | 672.33K | 672.12K | 1M | 751.37K |
| Days Inventory Outstanding | 198.41 | 462.04 | 303.28 | 142.85 | 186.82 | 224.07 |
| Other Current Assets | 15.06M | 225.2K | 0 | 302.75K | 0 | 0 |
| Total Non-Current Assets | 53.59M | 4.65M | 4.27M | 4.36M | 32.26K | 16.65K |
| Property, Plant & Equipment | 353.04K | 426.96K | 535.39K | 467.86K | 27.64K | 10.92K |
| Fixed Asset Turnover | 8.86x | 4.85x | 3.00x | 5.22x | 95.82x | 153.17x |
| Goodwill | 2.24M | 2.24M | 2.24M | 2.24M | 0 | 0 |
| Intangible Assets | 1.79M | 1.97M | 1.49M | 1.64M | 4.63K | 5.73K |
| Long-Term Investments | 250.11M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 49.21M | 9.44K | 9.44K | 9.44K | 0 | 0 |
| Total Assets | 73.85M | 8.47M | 7.48M | 6.09M | 1.76M | 1.23M |
| Asset Turnover | 0.04x | 0.24x | 0.21x | 0.40x | 1.50x | 1.36x |
| Asset Growth % | 5241.61% | 13.17% | 22.78% | 245.37% | 43.45% | - |
| Total Current Liabilities | 6.9M | 2.85M | 1.51M | 3.95M | 7.77M | 6.97M |
| Accounts Payable | 0 | 909.29K | 176.08K | 266.51K | 120.5K | 31.63K |
| Days Payables Outstanding | 61.86 | 305.51 | 79.43 | 56.64 | 22.49 | 9.43 |
| Short-Term Debt | 155.49K | 1.11M | 698.15K | 3.2M | 7.57M | 6.85M |
| Deferred Revenue (Current) | 428.09K | 0 | 10.39K | 0 | 0 | 0 |
| Other Current Liabilities | 6.74M | 169.74K | 359.06K | 156.33K | 42.63K | 53.22K |
| Current Ratio | 2.94x | 1.34x | 2.13x | 0.44x | 0.22x | 0.17x |
| Quick Ratio | 2.82x | 0.86x | 1.69x | 0.27x | 0.09x | 0.07x |
| Cash Conversion Cycle | 185.99 | 272.35 | 330.12 | 121.13 | 220.22 | 269.74 |
| Total Non-Current Liabilities | 155.45K | 4.15M | 2.24M | 398.54K | 1.28K | 4.95K |
| Long-Term Debt | 155.45K | 3.88M | 1.82M | 0 | 0 | 0 |
| Capital Lease Obligations | 703.28K | 273.1K | 418.1K | 398.54K | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 1.28K | 4.95K |
| Total Liabilities | 7.05M | 7M | 3.74M | 4.35M | 7.77M | 6.97M |
| Total Debt | 310.94K | 5.4M | 3.07M | 3.69M | 7.57M | 6.88M |
| Net Debt | -3.74M | 3.94M | 1.05M | 3.3M | 7.3M | 6.72M |
| Debt / Equity | 0.00x | 3.69x | 0.82x | 2.11x | - | - |
| Debt / EBITDA | -0.01x | - | - | - | - | - |
| Net Debt / EBITDA | 0.08x | - | - | - | - | - |
| Interest Coverage | -157.37x | -17.20x | -5.81x | -17.25x | -0.97x | -5.64x |
| Total Equity | 66.8M | 1.47M | 3.74M | 1.75M | -6.01M | -5.74M |
| Equity Growth % | 13580.67% | -60.77% | 113.97% | 129.06% | -4.64% | - |
| Book Value per Share | 2.47 | 0.17 | 0.47 | 0.22 | -0.76 | -0.72 |
| Total Shareholders' Equity | 66.8M | 1.47M | 3.74M | 1.75M | -6.01M | -5.74M |
| Common Stock | 22.18K | 1.18K | 823 | 246 | 2.22M | 1.94M |
| Retained Earnings | -162.58M | -14.05M | -7.3M | -5.02M | -8.22M | -7.68M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 21.26K | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Rapidly depleting liquidity runway
As reported in recent financial filings, CleanCore's total assets plummeted from $185.7M in 2026Q1 to $73.9M by 2026Q3, signaling a rapid contraction in the company's resource base that suggests significant instability in the firm's underlying financial position and long-term viability.
The dramatic decline in total assets over two quarters indicates that the company is struggling to maintain its capital base, likely due to aggressive cash burn and asset write-downs. This trajectory suggests that the firm's current business model is failing to generate the internal capital necessary to sustain its operations, leaving the balance sheet increasingly fragile.
Based on the company's reported figures, cash reserves dropped from $12.9M in 2026Q1 to $4.1M in 2026Q3, a trend that, when viewed alongside the current ratio of 2.94, suggests the firm may face imminent liquidity constraints if operational losses continue at their current pace.
While the current ratio appears superficially healthy, the rapid depletion of cash reserves indicates that the company is burning through its liquid assets at an unsustainable rate. Investors should monitor whether the company can secure additional financing, as the current cash position provides a limited buffer against ongoing operational deficits.
According to financial statements, equity has declined from $172.5M in 2026Q1 to $66.8M in 2026Q3, a sharp reduction that reflects the impact of persistent net losses and suggests that shareholders are bearing the brunt of the company's inability to achieve operational profitability.
The significant erosion of equity, coupled with the massive accumulated deficit of $162.6M, indicates that the company's capital structure is being hollowed out by recurring losses. This trend suggests that future growth may require further dilutive equity raises, which would likely place additional downward pressure on existing shareholder value.
As indicated by the company's balance sheet, the presence of $2.2M in goodwill alongside a net PPE value of only $353.0K suggests that the firm's valuation is heavily reliant on intangible assets that may be subject to future impairment if the core business fails to gain traction.
The reliance on goodwill in the context of a shrinking asset base and negative operating margins warrants further investigation into the recoverability of these intangible assets. If the company cannot demonstrate a clear path to profitability, these assets may be subject to significant write-downs, further weakening the balance sheet.
Quick answers to the most common questions about buying ZONE stock.
As of 2025, CleanCore Solutions, Inc. (ZONE) had total assets of $8.5M including $3.8M in current assets.
CleanCore Solutions, Inc. (ZONE) carries total debt of $5.4M, offset by $1.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
CleanCore Solutions, Inc. (ZONE) has total shareholders' equity (book value) of $1.5M ($0.17 book value per share). Book value represents the net worth of the company belonging to common stock holders.
CleanCore Solutions, Inc. (ZONE) reported a current ratio of 1.34x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.