Polibeli Group Ltd Class A (PLBL) Balance Sheet
PLBL balance sheet, 2025
December 31, 2025 · U.S. dollars$13.7M assets = $49.0M liabilities + −$35.3M equity
Liabilities exceed assets: shareholders’ equity is negative (−$35.3M).
Both columns are drawn to the same scale: what PLBL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PLBL financial health
Descriptive bands, not a rating. Fiscal 2025.
PLBL balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $19.2M2022 | $13.7M2025 | −10.6%/yr | |
| Total liabilities | $23.7M2022 | $49.0M2025 | +27.4%/yr | |
| Shareholders’ equity | −$4.5M2022 | −$35.3M2025 | — | |
| Cash & short-term investments | $2.6M2022 | $1.4M2025 | −18.7%/yr | |
| Total debt | $2.3M2022 | $6.2M2025 | +40.4%/yr | |
| Net cash (debt) | $349,7102022 | −$4.8M2025 | −$5.2M | |
| Working capital | $2.3M2022 | −$1.8M2025 | −$4.1M | |
| Book value per share | −$0.012022 | −$0.102025 | — | |
| Current ratio | 1.172022 | 0.882025 | −0.29 | |
| Shares outstanding | 367.7M2022 | 362.6M2025 | −0.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PLBL assets
PLBL liabilities and equity
PLBL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PLBL balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $1.4M | $2.6M | $3.0M | $2.6M |
| Cash & equivalents | $1.4M | $2.6M | $3.0M | $2.6M |
| Receivables | $7.6M | $6.7M | $4.4M | $4.9M |
| Inventory | $3.1M | $4.3M | $4.4M | $6.0M |
| Other current assets | $833,111 | $5.5M | $3.1M | $2.2M |
| Total current assets | $13.0M | $19.2M | $14.8M | $15.7M |
| Property, plant & equipment (net) | $595,066 | $720,249 | $5.1M | $3.4M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $179,552 | $1.1M | $155,276 | $56,151 |
| Total assets | $13.7M | $21.0M | $20.1M | $19.2M |
| Liabilities | ||||
| Accounts payable | $1.3M | $760,325 | $667,870 | $32,652 |
| Short-term debt | $6.1M | $834,945 | $710,737 | $797,985 |
| Deferred revenue | $80,566 | $394,254 | $552,110 | $2.2M |
| Total current liabilities | $14.8M | $12.9M | $4.8M | $13.5M |
| Long-term debt | $0 | $17,792 | $1.3M | $983,696 |
| Lease obligations | $464,727 | $448,703 | $772,464 | $906,798 |
| Other long-term liabilities | $34.3M | $32.8M | $23.3M | $9.3M |
| Total liabilities | $49.0M | $45.7M | $29.3M | $23.7M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $2,849 | $50,000 | $6.5M | $6.6M |
| Retained earnings (deficit) | −$25.6M | −$27.0M | −$16.0M | −$9.3M |
| Accumulated other comprehensive income | −$23.4M | $652,559 | −$529,388 | −$377,837 |
| Minority interest | $0 | $0 | $0 | $0 |
| Total shareholders' equity | −$35.3M | −$24.6M | −$9.2M | −$4.5M |
| Key figures | ||||
| Total debt | $6.2M | $971,197 | $2.5M | $2.3M |
| Net cash (debt) | −$4.8M | $1.7M | $507,622 | $349,710 |
| Working capital | −$1.8M | $6.3M | $10.1M | $2.3M |
| Tangible book value | −$35.3M | −$24.6M | −$9.2M | −$4.5M |
| Book value per share | −$0.10 | −$0.07 | −$0.03 | −$0.01 |
| Shares outstanding | 362.6M | 362.6M | 367.7M | 367.7M |
| Current ratio | 0.88 | 1.49 | 3.11 | 1.17 |
| Quick ratio | 0.61 | 0.73 | 1.55 | 0.56 |
| Equity / assets | −257.3% | −117.1% | −45.6% | −23.7% |
| Mar '25 | Dec '24 | Jun '24 | Dec '23 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $82,359 | $2.6M | $2.8M | $3.0M |
| Cash & equivalents | $82,359 | $2.6M | $2.8M | $3.0M |
| Receivables | $0 | $6.7M | $4.0M | $3.5M |
| Inventory | $0 | $4.3M | $4.8M | $4.4M |
| Other current assets | $22,757 | $5.5M | $2.0M | $4.0M |
| Total current assets | $105,116 | $19.2M | $13.6M | $14.8M |
| Property, plant & equipment (net) | $0 | $720,249 | $4.5M | $5.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $66.6M | $1.1M | $747,751 | $155,276 |
| Total assets | $66.7M | $21.0M | $18.8M | $20.1M |
| Liabilities | ||||
| Accounts payable | — | $760,325 | $515,980 | $667,870 |
| Short-term debt | — | $834,945 | $763,884 | — |
| Deferred revenue | — | $394,254 | $597,729 | — |
| Total current liabilities | $2.6M | $12.9M | $9.5M | $4.8M |
| Long-term debt | $0 | $17,792 | $984,641 | $1.3M |
| Lease obligations | — | $448,703 | $735,986 | $772,464 |
| Other long-term liabilities | $2.6M | $32.8M | $27.9M | $23.3M |
| Total liabilities | $5.1M | $45.7M | $38.4M | $29.3M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $66.6M | $50,000 | $50,000 | — |
| Retained earnings (deficit) | −$5.0M | −$27.0M | −$21.7M | −$16.0M |
| Accumulated other comprehensive income | — | $652,559 | $392,786 | — |
| Minority interest | — | $0 | — | — |
| Total shareholders' equity | $61.6M | −$24.6M | −$19.6M | −$9.2M |
| Key figures | ||||
| Total debt | — | $971,197 | $2.0M | $1.3M |
| Net cash (debt) | — | $1.7M | $719,751 | $1.7M |
| Working capital | −$2.5M | $6.3M | $4.1M | $10.1M |
| Tangible book value | $61.6M | −$24.6M | −$19.6M | −$9.2M |
| Book value per share | $0.17 | −$0.07 | −$0.05 | −$0.03 |
| Shares outstanding | 362.6M | 362.6M | 367.7M | 367.7M |
| Current ratio | 0.04 | 1.49 | 1.43 | 3.11 |
| Quick ratio | 0.03 | 0.73 | 0.71 | 1.35 |
| Equity / assets | 92.3% | −117.1% | −104.5% | −45.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
PLBL financial position
At the end of fiscal 2025 (December 31, 2025), Polibeli had total assets of $13.7 million (down 34.8% from a year earlier), total liabilities of $49.0 million and shareholders' equity of -$35.3 million. It held $1.4 million in cash and short-term investments against $6.2 million of debt, net debt of $4.8 million. Its current ratio was 0.88.
Related: PLBL income statement, PLBL cash flow statement, PLBL key metrics. See the PLBL stock overview for the latest quote and news.
PLBL balance sheet FAQ
What are Polibeli's total assets?
Polibeli reported total assets of $13.7 million at the end of fiscal 2025 (December 31, 2025), compared with $21.0 million a year earlier.
How much debt does Polibeli have?
Polibeli had $6.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Polibeli have?
Polibeli held $1.4 million in cash and short-term investments at the end of fiscal 2025; with $6.2 million of debt that is net debt of $4.8 million.
What is Polibeli's book value?
Polibeli's shareholders' equity (book value) was -$35.3 million at the end of fiscal 2025, or −$0.10 per share.
What is Polibeli's current ratio?
Polibeli had current assets of $13.0 million and current liabilities of $14.8 million, a current ratio of 0.88 (current liabilities exceed current assets).