The company's financial position appears increasingly vulnerable as total liabilities surged to $49.8M against a debt-to-equity ratio of 1.62 in 2025Q4.
| Total Current Assets | 90.69M | 58.23M | 12.22M | 5.22M |
| Cash & Short-Term Investments | 27.55M | 23.42M | 3.82M | 328.21K |
| Cash Only | 10.53M | 17.14M | 3.82M | 328.21K |
| Short-Term Investments | 17.02M | 6.29M | 0 | 0 |
| Accounts Receivable | 37.25M | 20.12M | 8.11M | 4.75M |
| Days Sales Outstanding | 76.25 | 160.32 | 144.9 | 479.36 |
| Inventory | 353.29K | 305.31K | 0 | 0 |
| Days Inventory Outstanding | 2.41 | 3.29 | - | - |
| Other Current Assets | 0 | 3.11M | 0 | 0 |
| Total Non-Current Assets | 292.67K | 503.53K | 925.26K | 471.36K |
| Property, Plant & Equipment | 292.67K | 503.53K | 925.26K | 471.36K |
| Fixed Asset Turnover | 167.74x | 90.97x | 22.09x | 7.67x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 |
| Total Assets | 90.98M | 58.74M | 13.15M | 5.69M |
| Asset Turnover | 2.14x | 0.78x | 1.55x | 0.64x |
| Asset Growth % | 567.7% | 346.74% | 131.2% | - |
| Total Current Liabilities | 54.1M | 43.83M | 6.95M | 784.48K |
| Accounts Payable | 3.47M | 262.35K | 1.39M | 40.62K |
| Days Payables Outstanding | 7.78 | 2.83 | 44.69 | 4.54 |
| Short-Term Debt | 3.37M | 7.98M | 642.01K | 503.18K |
| Deferred Revenue (Current) | 8.24M | 0 | 3.57M | 0 |
| Other Current Liabilities | 0 | 2.09M | 988.35K | 0 |
| Current Ratio | 1.68x | 1.33x | 1.76x | 6.65x |
| Quick Ratio | 1.67x | 1.32x | 1.76x | 6.65x |
| Cash Conversion Cycle | 70.89 | 160.78 | - | - |
| Total Non-Current Liabilities | 5.65M | 5.98M | 3.7M | 3.99M |
| Long-Term Debt | 5.65M | 5.86M | 3.09M | 3.74M |
| Capital Lease Obligations | 1.09M | 122.56K | 601.85K | 254.36K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Liabilities | 59.75M | 49.81M | 10.65M | 4.77M |
| Total Debt | 9.39M | 14.5M | 4.52M | 4.64M |
| Net Debt | -1.15M | -2.64M | 698.64K | 4.31M |
| Debt / Equity | 0.30x | 1.62x | 1.81x | 5.08x |
| Debt / EBITDA | -0.37x | 3.83x | 0.54x | - |
| Net Debt / EBITDA | 0.05x | -0.70x | 0.08x | - |
| Interest Coverage | -18.31x | 12.46x | 33.80x | -1.69x |
| Total Equity | 31.23M | 8.93M | 2.5M | 912.19K |
| Equity Growth % | 756.13% | 256.91% | 174.18% | - |
| Book Value per Share | 4.22 | 35.99 | 10.08 | 3.68 |
| Total Shareholders' Equity | 31.23M | 8.93M | 2.5M | 912.19K |
| Common Stock | 2.88K | 2.31K | 2.31K | 2.31K |
| Retained Earnings | -30.06M | 6.92M | 491.06K | -1.1M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 61.3M | 2.01M | 2.01M | 2.01M |
| Minority Interest | 0 | 0 | 0 | 0 |
High leverage and liquidity
As reported in recent financial statements, TDIC's total assets expanded to $58.7M by 2025Q4, yet this growth is heavily offset by a surge in liabilities to $49.8M, signaling a weakening financial position that warrants caution regarding the company's long-term solvency and capital structure stability.
The rapid expansion of the balance sheet appears disconnected from the underlying operational contraction, suggesting that the firm may be accumulating assets or liabilities that do not contribute to core earnings power. Investors should monitor whether this trajectory reflects necessary investment or an inefficient use of capital during a period of declining operational performance.
Based on the company's reported figures, the debt-to-equity ratio has fluctuated significantly, reaching 1.62 in 2025Q4, which indicates that the firm is increasingly reliant on external financing to support its operations as internal equity generation remains insufficient to cover the rising debt burden.
The shift in leverage suggests that the company is taking on more debt to bridge the gap between project-based cash outflows and operational revenue. This reliance on debt in a volatile entertainment market may limit future strategic flexibility and increase interest rate sensitivity.
According to the latest quarterly data, TDIC maintains a current ratio of 1.33, which, while appearing adequate on the surface, masks the underlying reality that the company's cash position is highly sensitive to the timing of project-based inflows and significant short-term liability obligations.
While the $17.1M cash balance provides a temporary cushion, the lack of consistent operating cash flow suggests this liquidity may be depleted rapidly if project cycles do not align with expenditure requirements. The current ratio should be viewed with skepticism given the potential for lumpy working capital requirements.
As evidenced by the company's financial filings, retained earnings have grown to $6.9M, yet the overall equity base remains thin at $8.9M, indicating that the firm's net worth is highly susceptible to impairment risks or operational losses that could quickly erode shareholder value.
The limited equity base relative to total assets suggests that the company operates with a thin margin of safety for shareholders. Any significant write-down of assets or sustained operational losses could lead to a rapid deterioration of the book value, making the equity position appear increasingly precarious.
Quick answers to the most common questions about buying TDIC stock.
As of 2025, Dreamland Limited Class A Ordinary Shares (TDIC) had total assets of $58.7M including $58.2M in current assets.
Dreamland Limited Class A Ordinary Shares (TDIC) carries total debt of $14.5M, offset by $23.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Dreamland Limited Class A Ordinary Shares (TDIC) has total shareholders' equity (book value) of $8.9M ($35.99 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Dreamland Limited Class A Ordinary Shares (TDIC) reported a current ratio of 1.33x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.