Financial stability is severely compromised, evidenced by a current ratio of 0.03 and a debt-to-equity ratio of 1.00 as of 2024Q4.
| Total Current Assets | 72K | 629.82K | 309.64K | 1.69M |
| Cash & Short-Term Investments | 43.5K | 222.58K | 41.28K | 700.29K |
| Cash Only | 43.5K | 222.58K | 41.28K | 700.29K |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 0 | 0 |
| Days Sales Outstanding | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 3.95M | 52.98M | 238.04M | 234.6M |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 3.95M | 52.98M | 238.04M | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 234.6M |
| Total Assets | 4.03M | 53.61M | 238.35M | 236.29M |
| Asset Turnover | - | - | - | - |
| Asset Growth % | -92.49% | -77.51% | 0.87% | - |
| Total Current Liabilities | 2.41M | 1.13M | 641.32K | 132.07K |
| Accounts Payable | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - |
| Short-Term Debt | 1.33M | 1M | 100K | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.08M | 125.95K | 541.32K | 132.07K |
| Current Ratio | 0.03x | 0.56x | 0.48x | 12.81x |
| Quick Ratio | 0.03x | 0.56x | 0.48x | 12.81x |
| Cash Conversion Cycle | - | - | - | - |
| Total Non-Current Liabilities | 282.65K | 1.16M | 9.67M | 21.97M |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 282.65K | 1.16M | 9.67M | 21.97M |
| Total Liabilities | 2.7M | 2.29M | 10.32M | 22.1M |
| Total Debt | 1.33M | 1M | 100K | 0 |
| Net Debt | 1.29M | 777.42K | 58.72K | -700.29K |
| Debt / Equity | 1.00x | 0.02x | 0.00x | - |
| Debt / EBITDA | 1.62x | 0.19x | 0.01x | - |
| Net Debt / EBITDA | 1.57x | 0.15x | 0.00x | -0.08x |
| Interest Coverage | -18.59x | -277.82x | - | - |
| Total Equity | 1.33M | 51.32M | 228.04M | 214.19M |
| Equity Growth % | -97.41% | -77.5% | 6.46% | - |
| Book Value per Share | 0.13 | 2.31 | 7.93 | 7.45 |
| Total Shareholders' Equity | 1.33M | 51.32M | 228.04M | 214.19M |
| Common Stock | 3.85M | 52.88M | 234.6M | 234.6M |
| Retained Earnings | -4.31M | -5.02M | -6.57M | -20.41M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
Imminent liquidation and insolvency
As reported in recent financial statements, BGLWW's total assets have plummeted from $53.6 million in 2023Q4 to just $4.0 million by 2024Q4, signaling a severe contraction in the entity's resource base as it struggles to maintain its viability while searching for a viable gold asset acquisition.
The precipitous decline in asset value suggests that the entity is rapidly consuming its capital base to cover administrative overhead. This trajectory indicates that the company is approaching a terminal state where the ability to sustain operations until a merger is finalized appears increasingly questionable.
Based on the latest quarterly data, BGLWW's cash reserves have dwindled to a nominal $43,499, resulting in a current ratio of 0.03, which indicates an extremely limited buffer against ongoing operational expenses and suggests that the entity may lack the liquidity to survive without immediate external support.
A current ratio of 0.03 is indicative of a severe liquidity crisis, leaving virtually no margin for error in meeting short-term obligations. Investors should monitor this closely, as the lack of cash reserves may force management into dilutive financing or an accelerated, potentially suboptimal, merger process.
According to the 2024Q4 balance sheet, the company maintains a debt-to-equity ratio of 1.00, reflecting a reliance on debt to sustain its $1.3 million liability load despite the absence of any operational revenue to service these obligations or provide a cushion for creditors.
The presence of $1.3 million in debt on a shell entity with minimal cash suggests that the company is operating under significant financial pressure. This leverage appears to be a necessity-driven burden rather than a strategic tool, which may complicate the capital structure for any future target acquisition.
As indicated by the historical balance sheet data, the entity's equity position has experienced extreme volatility, swinging from a deficit of $3.5 million in 2024Q2 to a positive $52.7 million in 2024Q3, which suggests that headline equity figures are heavily distorted by accounting adjustments for warrant liabilities.
These massive fluctuations in equity do not reflect underlying business performance but rather the mark-to-market accounting of financial instruments. Analysts should look past these accounting-driven swings to focus on the actual cash burn, which remains the most accurate indicator of the company's true financial health.
Quick answers to the most common questions about buying BGLWW stock.
As of 2024, Blue Gold Limited Warrant (BGLWW) had total assets of $4.0M including $0.1M in current assets.
Blue Gold Limited Warrant (BGLWW) carries total debt of $1.3M, offset by $0.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Blue Gold Limited Warrant (BGLWW) has total shareholders' equity (book value) of $1.3M ($0.13 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Blue Gold Limited Warrant (BGLWW) reported a current ratio of 0.03x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.