Remark Holdings, Inc. (MARK) Balance Sheet
MARK balance sheet, 2023
December 31, 2023 · U.S. dollars$10.2M assets = $49.8M liabilities + −$39.6M equity
Liabilities exceed assets: shareholders’ equity is negative (−$39.6M).
Both columns are drawn to the same scale: what MARK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MARK financial health
Descriptive bands, not a rating. Fiscal 2023.
MARK balance sheet trends, 2014–2023
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $18.0M2014 | $10.2M2023 | −6.1%/yr | |
| Total liabilities | $12.8M2014 | $49.8M2023 | +16.3%/yr | |
| Shareholders’ equity | $5.2M2014 | −$39.6M2023 | — | |
| Cash & short-term investments | $1.5M2014 | $145,0002023 | −23.0%/yr | |
| Total debt | $9.6M2014 | $17.0M2023 | +6.6%/yr | |
| Net cash (debt) | −$8.1M2014 | −$16.9M2023 | −$8.8M | |
| Working capital | −$3.9M2014 | −$40.1M2023 | −$36.2M | |
| Current ratio | 0.372014 | 0.192023 | −0.18 | |
| Debt / equity | 1.852014 | 0.902021 | −0.95 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MARK assets
MARK liabilities and equity
MARK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MARK balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $145,000 | $52,000 | $56.5M | $854,000 | $272,000 | $14.4M | $22.6M | $6.9M | $5.4M | $1.5M |
| Cash & equivalents | $145,000 | $52,000 | $14.2M | $854,000 | $272,000 | $14.4M | $22.6M | $6.9M | $5.4M | $1.5M |
| Short-term investments | — | $0 | $42.3M | $50,000 | $7,000 | $1.4M | $2.0M | $137,000 | $189,000 | $0 |
| Receivables | $1.4M | $10.6M | $14.3M | $5.0M | $5.7M | $10.5M | $5.2M | $1.6M | $918,000 | $41,000 |
| Inventory | $750,000 | $308,000 | $1.3M | $874,000 | $0 | $587,000 | $234,000 | $314,000 | $526,000 | $273,000 |
| Other current assets | $7.1M | $1.4M | $2.4M | $2.0M | $911,000 | $18.7M | $15.7M | $12.4M | $11.5M | $434,000 |
| Total current assets | $9.4M | $12.3M | $74.5M | $8.8M | $6.9M | $44.1M | $43.8M | $21.2M | $18.4M | $2.3M |
| Property, plant & equipment (net) | $706,000 | $1.9M | $551,000 | $813,000 | $4.7M | $10.6M | $13.4M | $15.5M | $7.4M | $1.4M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $509,000 | $36.4M | $44.0M | $64.2M | $65.1M | $11.8M |
| Long-term investments | $0 | $0 | $0 | $1.0M | $1.9M | $2.0M | $1.0M | $1.0M | $1.4M | $2.4M |
| Other non-current assets | $90,000 | $269,000 | $440,000 | $670,000 | $824,000 | $644,000 | $1.3M | $3.8M | $2.2M | $94,000 |
| Total assets | $10.2M | $14.4M | $75.5M | $11.3M | $14.8M | $93.8M | $103.5M | $105.7M | $94.6M | $18.0M |
| Liabilities | ||||||||||
| Accounts payable | $9.3M | $9.6M | $10.1M | $8.6M | $8.1M | $5.7M | $17.9M | $16.5M | $14.4M | $1.4M |
| Short-term debt | $16.8M | $14.7M | $28.0M | $1.9M | $17.9M | $38.3M | $41.1M | $279,000 | $305,000 | $3.0M |
| Deferred revenue | $570,000 | $308,000 | $576,000 | $310,000 | $313,000 | $8.7M | $14.8M | $11.1M | $10.3M | $1.3M |
| Total current liabilities | $49.5M | $34.8M | $44.4M | $17.1M | $37.8M | $102.6M | $90.5M | $42.9M | $36.8M | $6.2M |
| Long-term debt | $0 | $0 | $0 | $1.4M | $0 | $0 | $0 | $37.8M | $23.6M | $6.6M |
| Lease obligations | $574,000 | $56,000 | $212,000 | $576,000 | $4.7M | — | — | $179,000 | — | — |
| Other long-term liabilities | $286,000 | $56,000 | $25,000 | $1.9M | $4.8M | $4.4M | $92.7M | $27.6M | $22.1M | $25,000 |
| Total liabilities | $49.8M | $34.9M | $44.5M | $20.4M | $42.6M | $106.9M | $183.1M | $108.3M | $82.5M | $12.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $22,000 | $12,000 | $105,000 | $100,000 | $51,000 | $39,000 | $28,000 | $22,000 | $20,000 | $13,000 |
| Retained earnings (deficit) | −$417.7M | −$388.5M | −$333.0M | −$360.5M | −$346.8M | −$321.2M | −$299.8M | −$193.1M | −$161.4M | −$130.0M |
| Treasury stock | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$1.2M | −$859,000 | −$270,000 | −$226,000 | −$227,000 | $32,000 | $115,000 | −$16,000 | −$5,000 | $36,000 |
| Minority interest | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | −$39.6M | −$20.4M | $31.0M | −$9.1M | −$27.7M | −$13.1M | −$79.6M | −$2.6M | $12.1M | $5.2M |
| Key figures | ||||||||||
| Total debt | $17.0M | $14.8M | $28.0M | $3.5M | $19.7M | $38.3M | $41.1M | $38.1M | $24.1M | $9.6M |
| Net cash (debt) | −$16.9M | −$14.7M | $28.5M | −$2.6M | −$19.4M | −$23.9M | −$18.5M | −$31.2M | −$18.7M | −$8.1M |
| Working capital | −$40.1M | −$22.5M | $30.1M | −$8.3M | −$30.9M | −$58.4M | −$46.7M | −$21.7M | −$18.4M | −$3.9M |
| Tangible book value | −$39.6M | −$20.4M | $31.0M | −$9.1M | −$28.2M | −$49.6M | −$123.6M | −$66.8M | −$53.1M | −$6.6M |
| Book value per share | −$2.36 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 16.7M | — | — | — | — | — | — | — | — | — |
| Current ratio | 0.19 | 0.35 | 1.68 | 0.52 | 0.18 | 0.43 | 0.48 | 0.49 | 0.50 | 0.37 |
| Quick ratio | 0.03 | 0.31 | 1.59 | 0.35 | 0.16 | 0.24 | 0.31 | 0.20 | 0.17 | 0.25 |
| Debt / equity | — | — | 0.90 | — | — | — | — | — | 2.00 | 1.85 |
| Equity / assets | −386.8% | −141.5% | 41.1% | −80.4% | −187.0% | −14.0% | −76.9% | −2.5% | 12.7% | 28.8% |
| Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $21,000 | $21,000 | $438,000 | $239,000 | $145,000 | $270,000 | $208,000 | $364,000 | $52,000 | $376,000 | $13.6M | $24.1M |
| Cash & equivalents | $21,000 | $21,000 | $438,000 | $239,000 | $145,000 | $270,000 | $208,000 | $364,000 | $52,000 | $376,000 | $1.1M | $2.7M |
| Short-term investments | — | — | — | — | — | — | $245,000 | $203,000 | $0 | $252,000 | $12.5M | $21.4M |
| Receivables | $305,000 | $302,000 | $4.4M | $1.3M | $1.3M | $3.0M | $3.5M | $2.7M | $3.1M | $5.8M | $9.5M | $17.9M |
| Inventory | $814,000 | $814,000 | $646,000 | $742,000 | $750,000 | $455,000 | $351,000 | $309,000 | $308,000 | $1.5M | $1.5M | $1.5M |
| Other current assets | $474,000 | $477,000 | $490,000 | $6.9M | $7.3M | $6.7M | $6.5M | $8.8M | $8.8M | $7.2M | $6.8M | $1.7M |
| Total current assets | $1.6M | $1.6M | $5.9M | $9.2M | $9.4M | $10.5M | $10.5M | $12.2M | $12.3M | $14.9M | $31.4M | $45.2M |
| Property, plant & equipment (net) | $939,000 | $939,000 | $1.0M | $910,000 | $706,000 | $1.8M | $2.2M | $1.8M | $1.9M | $1.5M | $1.6M | $1.5M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $59,000 | $59,000 | $6.4M | $74,000 | $90,000 | $146,000 | $187,000 | $226,000 | $269,000 | $312,000 | $359,000 | $403,000 |
| Total assets | $2.6M | $2.6M | $13.3M | $10.1M | $10.2M | $12.4M | $12.9M | $14.2M | $14.4M | $16.7M | $33.4M | $47.1M |
| Liabilities | ||||||||||||
| Accounts payable | $10.7M | $10.7M | $13.0M | $9.9M | $9.3M | $8.6M | $9.1M | $9.8M | $9.6M | $9.2M | $8.6M | $10.1M |
| Short-term debt | $19.8M | — | $16.7M | $16.7M | — | $16.8M | $16.9M | $16.6M | — | $14.5M | $23.6M | $25.4M |
| Deferred revenue | $433,000 | — | $418,000 | $559,000 | — | $363,000 | $420,000 | $481,000 | — | $293,000 | $415,000 | $432,000 |
| Total current liabilities | $58.1M | $58.1M | $59.5M | $52.3M | $49.5M | $45.0M | $40.9M | $39.9M | $34.8M | $31.4M | $39.6M | $40.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $382,000 | $428,000 | $489,000 | $574,000 | $336,000 | $398,000 | $150,000 | $194,000 | $25,000 | $198,000 | $264,000 |
| Other long-term liabilities | $121,000 | $121,000 | $179,000 | $235,000 | $286,000 | $336,000 | $398,000 | $30,000 | $56,000 | $25,000 | $40,000 | $55,000 |
| Total liabilities | $58.2M | $58.2M | $59.7M | $52.6M | $49.8M | $45.3M | $41.3M | $40.0M | $34.9M | $31.4M | $39.7M | $41.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $54,000 | — | $50,000 | $41,000 | — | $20,000 | $17,000 | $14,000 | $12,000 | $106,000 | $105,000 | $105,000 |
| Retained earnings (deficit) | −$446.3M | −$446.3M | −$436.7M | −$431.5M | −$417.7M | −$409.7M | −$402.6M | −$396.7M | −$388.5M | −$379.9M | −$371.0M | −$358.5M |
| Accumulated other comprehensive income | −$1.3M | — | −$1.2M | −$1.3M | — | −$1.2M | −$1.4M | −$1.2M | — | −$1.1M | −$692,000 | −$268,000 |
| Total shareholders' equity | −$55.6M | −$55.6M | −$46.3M | −$42.4M | −$39.6M | −$32.9M | −$28.4M | −$25.8M | −$20.4M | −$14.7M | −$6.3M | $6.1M |
| Key figures | ||||||||||||
| Total debt | $19.9M | — | $16.9M | $17.0M | — | $17.2M | $17.3M | $16.6M | — | $14.6M | $23.7M | $25.5M |
| Net cash (debt) | −$19.9M | — | −$16.5M | −$16.7M | — | −$16.9M | −$17.1M | −$16.3M | — | −$14.2M | −$10.1M | −$1.3M |
| Working capital | −$56.5M | −$56.5M | −$53.5M | −$43.2M | −$40.1M | −$34.5M | −$30.4M | −$27.8M | −$22.5M | −$16.5M | −$8.3M | $4.3M |
| Tangible book value | −$55.6M | −$55.6M | −$46.3M | −$42.4M | −$39.6M | −$32.9M | −$28.4M | −$25.8M | −$20.4M | −$14.7M | −$6.3M | $6.1M |
| Book value per share | −$1.09 | −$1.03 | −$1.01 | −$1.24 | −$1.80 | −$2.33 | −$2.01 | −$1.98 | — | — | — | — |
| Shares outstanding | 50.8M | 53.8M | 45.7M | 34.2M | 22.0M | 14.1M | 14.1M | 13.0M | — | — | — | — |
| Current ratio | 0.03 | 0.03 | 0.10 | 0.17 | 0.19 | 0.23 | 0.26 | 0.30 | 0.35 | 0.47 | 0.79 | 1.10 |
| Quick ratio | 0.01 | 0.01 | 0.08 | 0.03 | 0.03 | 0.07 | 0.09 | 0.08 | 0.09 | 0.20 | 0.58 | 1.03 |
| Debt / equity | — | — | — | — | — | — | — | — | — | — | — | 4.16 |
| Equity / assets | −2,129.2% | −2,129.2% | −348.4% | −418.6% | −386.8% | −265.5% | −221.1% | −181.9% | −141.5% | −88.0% | −19.0% | 13.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 15, 2024); data from EODHD.
MARK financial position
At the end of fiscal 2023 (December 31, 2023), Remark had total assets of $10.2 million (down 29.1% from a year earlier), total liabilities of $49.8 million and shareholders' equity of -$39.6 million. It held $0.1 million in cash and short-term investments against $17.0 million of debt, net debt of $16.9 million. Its current ratio was 0.19. In the latest quarter (ended December 31, 2024) total assets were $2.6 million and equity -$55.6 million.
Related: MARK income statement, MARK cash flow statement, MARK key metrics. See the MARK stock overview for the latest quote and news.
MARK balance sheet FAQ
What are Remark's total assets?
Remark reported total assets of $10.2 million at the end of fiscal 2023 (December 31, 2023), compared with $14.4 million a year earlier.
How much debt does Remark have?
Remark had $17.0 million of total debt at the end of fiscal 2023, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Remark have?
Remark held $0.1 million in cash and short-term investments at the end of fiscal 2023; with $17.0 million of debt that is net debt of $16.9 million.
What is Remark's book value?
Remark's shareholders' equity (book value) was -$39.6 million at the end of fiscal 2023, or −$2.36 per share.
What is Remark's current ratio?
Remark had current assets of $9.4 million and current liabilities of $49.5 million, a current ratio of 0.19 (current liabilities exceed current assets).