The balance sheet shows significant instability, with total assets fluctuating from $31.5 million in 2025Q2 to $117.6 billion in 2026Q4, alongside a debt-to-equity ratio that spiked to 6.03 in 2026Q2.
| Total Current Assets | 61.64B | 107.1B | 115.43B | 69.32B | 538.22B | 484.26B | 74.68B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 1K | 97.37B | 103.84B | 60.38B | 519.91B | 417.08B | 58B |
| Total Non-Current Assets | 55.98B | 5.17B | 3.76B | 2.66B | 1.9B | 1.87B | 1.33B |
| Property, Plant & Equipment | 1.47B | 1.91B | 1.97B | 644M | 361M | 681M | 749M |
| Fixed Asset Turnover | 346.32x | 200.80x | 113.56x | 274.73x | 1914.03x | 770.08x | 5.09x |
| Goodwill | 0 | 1.24B | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 13.85B | 3.56B | 1.58B | 601M | 471M | 384M | 263M |
| Long-Term Investments | 493.13M | 46M | 39M | 579M | 314M | 311M | 315M |
| Other Non-Current Assets | - | - | - | - | - | - | - |
| Total Assets | 117.63B | 112.27B | 119.19B | 71.98B | 540.13B | 486.13B | 76.01B |
| Asset Turnover | 4.33x | 3.41x | 1.88x | 2.46x | 1.28x | 1.08x | 0.05x |
| Asset Growth % | 4.77% | -5.8% | 65.59% | -86.67% | 11.11% | 539.56% | - |
| Total Current Liabilities | 0 | 99.85B | 105.47B | 61.18B | 524.03B | 472.85B | 73.04B |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 44.48B | 44.02B | 18.76B | 34.23B | 28.09B | 2.93B |
| Deferred Revenue (Current) | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 51.34B | 59.64B | 41.24B | 486.15B | 439B | 69.36B |
| Current Ratio | - | 1.07x | 1.09x | 1.13x | 1.03x | 1.02x | 1.02x |
| Quick Ratio | - | 1.07x | 1.09x | 1.13x | 1.03x | 1.02x | 1.02x |
| Cash Conversion Cycle | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 95.79B | 1.65B | 1.28B | 317M | 60M | 299M | 283M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 3M |
| Capital Lease Obligations | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - |
| Total Liabilities | 95.79B | 101.5B | 106.75B | 61.5B | 524.09B | 473.15B | 73.32B |
| Total Debt | 1.21B | 45.76B | 45.68B | 19.11B | 34.47B | 28.56B | 3.39B |
| Net Debt | -58.53B | 37.17B | 34.84B | 11.41B | 16.76B | 11.39B | -13.24B |
| Debt / Equity | 0.06x | 4.25x | 3.67x | 1.82x | 2.15x | 2.20x | 1.26x |
| Debt / EBITDA | - | 14.15x | - | - | 2.41x | 2.03x | 4.21x |
| Net Debt / EBITDA | - | 11.50x | - | - | 1.17x | 0.81x | -16.47x |
| Interest Coverage | -3.92x | -380.69x | 474.33x | -281.00x | 6960.00x | 1368.50x | 70.67x |
| Total Equity | 21.84B | 10.77B | 12.44B | 10.48B | 16.04B | 12.98B | 2.69B |
| Equity Growth % | 102.8% | -13.46% | 18.77% | -34.67% | 23.52% | 383.14% | - |
| Book Value per Share | 160.69 | 83.03 | 1234.77 | 346.76 | 530.75 | 102.39 | 21.19 |
| Total Shareholders' Equity | 21.84B | 10.77B | 12.44B | 10.48B | 16.04B | 12.98B | 2.69B |
| Common Stock | 274.18M | 213M | 196M | 196M | 386M | 101M | 101M |
| Retained Earnings | -5.52B | -2.77B | 11.58B | 9.61B | 15.17B | 12.38B | 2.13B |
| Treasury Stock | -4.02M | -4M | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -7.3B | 13M | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Principal trading volatility exposure
As reported in financial statements, CNCK's total assets have fluctuated wildly from $31.5 million in 2025Q2 to over $117 billion by 2026Q4, a trend that suggests the balance sheet is driven more by transient crypto market valuations than by the accumulation of durable corporate capital.
The extreme swings in asset levels indicate that the company's balance sheet is highly sensitive to the underlying market value of held crypto assets. This lack of stability complicates long-term capital planning and suggests that the firm's financial position is inherently tied to external market sentiment rather than internal growth.
Based on reported figures, CNCK's debt-to-equity ratio experienced a significant spike to 6.03 in 2026Q2, suggesting that the company may rely on short-term financing to manage liquidity needs during periods of high market volatility or to support its principal-based trading activities.
While the D/E ratio has moderated in subsequent quarters, the historical reliance on high leverage warrants further investigation into the company's refinancing risks. Investors should monitor whether these debt spikes are strategic or merely a symptom of the firm's inability to maintain sufficient internal liquidity during market downturns.
According to recent SEC filings, CNCK reported $59.7 billion in cash and equivalents as of 2026Q4, yet this figure must be interpreted with caution as it likely includes segregated customer assets rather than purely unencumbered corporate liquidity available for operational or strategic deployment.
The current ratio hovering near 1.0 suggests a tight liquidity position that leaves little room for error in the event of a sudden market shock. The apparent lack of a significant cash buffer relative to the scale of its trading volume implies that the firm remains vulnerable to liquidity crunches.
As indicated by the company's financial statements, the massive expansion in goodwill to $13.8 billion by 2026Q4 suggests that recent acquisitions may be inflating the asset base, potentially masking the underlying weakness in the firm's core operational profitability and long-term asset quality.
The rapid growth in intangible assets relative to tangible PPE suggests that the company's valuation is increasingly dependent on the success of past acquisitions. This trend may indicate a risk of future impairment charges if the acquired businesses fail to generate the expected synergies or cash flows.
Quick answers to the most common questions about buying CNCK stock.
As of 2026, Coincheck Group N.V. (CNCK) had total assets of $117.63B including $61.64B in current assets.
Coincheck Group N.V. (CNCK) carries total debt of $1.21B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Coincheck Group N.V. (CNCK) has total shareholders' equity (book value) of $21.84B ($160.69 book value per share). Book value represents the net worth of the company belonging to common stock holders.