The company's equity position has eroded to a negative $6.0 million as of 2024Q2, compounded by a substantial $49.7 million total debt burden.
| Total Current Assets | 0 | 6.25M | 7.38M | 50.06M | 58.23M | 0 |
| Cash & Short-Term Investments | 15.62M | 1.85M | 3.75M | 31.04M | 19.36M | 929.34K |
| Cash Only | 15.62M | 1.84M | 3.75M | 31.04M | 19.36M | 929.34K |
| Short-Term Investments | 0 | 5K | 0 | 0 | 0 | 0 |
| Accounts Receivable | 38.19M | 3.12M | 2.92M | 4.09M | 2.15M | 0 |
| Days Sales Outstanding | 116.79 | 24.97 | 22.37 | 56.6 | 214.31 | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | -53.81M | 0 | 0 | 13.25M | 36.72M | -929.34K |
| Total Non-Current Assets | 0 | 264.18M | 374.2M | 316.03M | 27.47M | 0 |
| Property, Plant & Equipment | 12.26M | 451K | 4.44M | 0 | 0 | 0 |
| Fixed Asset Turnover | 11.66x | 100.99x | 10.73x | - | - | - |
| Goodwill | 0 | 234.11M | 231.5M | 189.58M | 10.09M | 0 |
| Intangible Assets | 0 | 26.88M | 136.93M | 120.71M | 16.84M | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | -12.26M | 571K | 1.34M | 5.74M | 546K | 0 |
| Total Assets | 91.33M | 270.43M | 381.59M | 366.08M | 85.7M | 47.56M |
| Asset Turnover | 0.17x | 0.17x | 0.12x | 0.07x | 0.04x | - |
| Asset Growth % | -153.56% | -29.13% | 4.23% | 327.17% | 80.2% | - |
| Total Current Liabilities | 87.35M | 360.65M | 187.45M | 54.77M | 16.44M | 554.95K |
| Accounts Payable | 0 | 77.93M | 55.38M | 19.53M | 7.93M | 0 |
| Days Payables Outstanding | 693.28 | 666.01 | 490.11 | 204.19 | 371.6 | - |
| Short-Term Debt | 39.75M | 177.38M | 80.02M | 1.57M | 1.38M | 0 |
| Deferred Revenue (Current) | 0 | 3.89M | 6.16M | 0 | 0 | 0 |
| Other Current Liabilities | 47.6M | 15.87M | 25.75M | 33.68M | 7.13M | 554.95K |
| Current Ratio | 0.00x | 0.02x | 0.04x | 0.91x | 3.54x | - |
| Quick Ratio | 0.00x | 0.02x | 0.04x | 0.91x | 3.54x | - |
| Cash Conversion Cycle | -576.49 | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 46.24M | 108.98M | 252.52M | 32.99M | 0 |
| Long-Term Debt | 0 | 4.48M | 28.41M | 10.06M | 1.57M | 0 |
| Capital Lease Obligations | 10.28M | 18K | 2.65M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 14.64M | 0 | 0 | 0 |
| Other Non-Current Liabilities | -10M | 41.74M | 63.29M | 242.47M | 31.43M | -1.03M |
| Total Liabilities | 97.35M | 406.89M | 296.44M | 307.3M | 49.44M | 1.58M |
| Total Debt | 49.75M | 182.12M | 113.02M | 11.63M | 1.57M | 0 |
| Net Debt | 34.12M | 180.28M | 109.27M | -19.41M | -17.8M | -929.34K |
| Debt / Equity | -8.26x | - | 1.33x | 0.20x | 0.04x | - |
| Debt / EBITDA | -0.24x | - | - | - | - | - |
| Net Debt / EBITDA | -0.16x | - | - | - | - | - |
| Interest Coverage | -17.30x | -7.36x | -6.48x | - | - | - |
| Total Equity | -6.02M | -136.46M | 85.15M | 58.79M | 36.26M | 45.98M |
| Equity Growth % | -872.25% | -260.26% | 44.84% | 62.11% | -21.13% | - |
| Book Value per Share | -0.08 | -2.09 | 1.52 | 1.24 | 0.61 | 11.59 |
| Total Shareholders' Equity | -6.02M | -148.11M | 80.28M | 58.79M | 36.26M | 45.98M |
| Common Stock | 81.81K | 1.05B | 982.42M | 898.7M | 116.05M | 1.93K |
| Retained Earnings | -85.03M | -1.55B | -1.26B | -855.87M | -79.94M | 164.96K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -314.48K | 95K | 271K | 231K | 0 | 98.1K |
| Minority Interest | 0 | 11.64M | 4.87M | 0 | 0 | 0 |
Imminent liquidity and dilution
As reported in recent financial filings, Triller Group's equity position has deteriorated significantly, shifting from a positive $80.3 million in 2022Q4 to a negative $6.0 million by 2024Q2, which signals a persistent erosion of shareholder value driven by chronic operating losses and recurring capital structure adjustments.
The rapid transition into negative equity territory suggests that the company's accumulated losses have fully exhausted its book value. Investors should monitor whether the recent reverse merger provides any tangible path to recapitalization or if the current trajectory points toward further balance sheet impairment.
Based on the provided quarterly data, the company's debt load has remained substantial relative to its asset base, with total debt reaching $49.7 million in 2024Q2, a figure that appears increasingly difficult to service given the firm's inability to generate consistent positive operating cash flow.
The presence of significant debt on a balance sheet with negative equity indicates a high degree of financial risk and limited flexibility for future borrowing. This leverage appears to be necessity-driven rather than strategic, potentially forcing management into dilutive financing rounds to meet immediate obligations.
According to the most recent balance sheet data, the company's cash position has dwindled to $15.6 million as of 2024Q2, which, when viewed against historical burn rates, suggests a precarious liquidity buffer that may be insufficient to support ongoing operations without immediate external capital injections.
The extremely low current ratio, which has hovered near zero in recent periods, highlights a severe lack of liquid assets relative to short-term liabilities. This liquidity profile suggests that the firm is operating with virtually no margin for error, making it highly susceptible to any operational or market-driven shocks.
As indicated by the company's financial statements, the complete removal of $234.1 million in goodwill by 2024Q2 suggests a massive write-down of previously acquired assets, which raises significant questions regarding the historical valuation of the company's intellectual property and its actual underlying economic worth.
The sudden disappearance of goodwill from the balance sheet implies that the anticipated synergies from past acquisitions failed to materialize, effectively wiping out a large portion of the asset base. This development warrants further investigation into the quality of the remaining assets and the potential for additional non-cash charges.
Quick answers to the most common questions about buying ILLRW stock.
As of 2023, Triller Group Inc. (ILLRW) had total assets of $270.4M including $6.2M in current assets.
Triller Group Inc. (ILLRW) carries total debt of $182.1M, offset by $1.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Triller Group Inc. (ILLRW) has total shareholders' equity (book value) of $-148.1M ($-2.09 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Triller Group Inc. (ILLRW) reported a current ratio of 0.02x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.