Wilhelmina International, Inc. (WHLM) Balance Sheet
WHLM balance sheet, 2024
December 31, 2024 · U.S. dollars$42.4M assets = $16.9M liabilities + $25.5M equity
Both columns are drawn to the same scale: what WHLM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
WHLM financial health
Current ratio1.74
Comfortable · current assets cover current liabilities 1.74×
Equity / assets60.0%
Equity-funded · of assets funded by shareholders
Goodwill & intangibles37.8%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal 2024.
WHLM balance sheet trends, 2015–2024
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $43.8M2015 | $42.4M2024 | −0.4%/yr | |
| Total liabilities | $16.0M2015 | $16.9M2024 | +0.6%/yr | |
| Shareholders’ equity | $27.8M2015 | $25.5M2024 | −1.0%/yr | |
| Cash & short-term investments | $4.6M2015 | $15.5M2024 | +14.5%/yr | |
| Total debt | $2.6M2016 | $4.0M2023 | +5.9%/yr | |
| Net cash (debt) | $3.0M2016 | $8.7M2023 | +$5.7M | |
| Working capital | $5.8M2015 | $9.8M2024 | +$4.0M | |
| Book value per share | $4.662015 | $4.942024 | +0.6%/yr | |
| Current ratio | 1.432015 | 1.742024 | +0.32 | |
| Debt / equity | 0.102016 | 0.162023 | +0.06 | |
| Shares outstanding | 6.0M2015 | 5.2M2024 | −1.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WHLM assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
WHLM liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
WHLM debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
WHLM balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $15.5M | $12.7M | $12.0M | $10.3M | $5.6M | $7.0M | $6.7M | $4.3M | $5.7M | $4.6M |
| Cash & equivalents | $8.5M | $6.1M | $12.0M | $10.3M | $5.6M | $7.0M | $6.7M | $4.3M | $5.7M | $4.6M |
| Short-term investments | $6.9M | $6.6M | $0 | — | — | — | — | $0 | $0 | $0 |
| Receivables | $7.4M | $8.5M | $9.5M | $8.9M | $7.1M | $9.4M | $11.9M | $13.6M | $16.9M | $13.2M |
| Inventory | $0 | $1 | $0 | $0 | $0 | $1 | $0 | $0 | $1.2M | $1.4M |
| Other current assets | $167,000 | $202,999 | $181,000 | $91,000 | $105,000 | $242,999 | $197,000 | $180,000 | $843,000 | $191,000 |
| Total current assets | $23.0M | $21.4M | $21.6M | $19.2M | $12.8M | $16.7M | $18.8M | $18.1M | $24.6M | $19.3M |
| Property, plant & equipment (net) | $3.1M | $3.9M | $4.0M | $2.1M | $1.7M | $3.5M | $2.6M | $3.0M | $3.2M | $2.1M |
| Goodwill & intangible assets | $16.0M | $16.0M | $16.0M | $16.0M | $16.0M | $16.8M | $21.7M | $21.8M | $21.9M | $22.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $299,000 | $301,000 | $322,000 | $98,000 | $93,000 | $115,000 | $114,000 | $137,000 | $168,000 | $405,000 |
| Total assets | $42.4M | $41.7M | $42.0M | $37.4M | $30.6M | $37.1M | $43.2M | $43.0M | $49.9M | $43.8M |
| Liabilities | ||||||||||
| Accounts payable | $4.8M | $3.9M | $4.3M | $3.8M | $2.9M | $3.8M | $5.1M | $4.0M | $4.8M | $3.8M |
| Short-term debt | — | $1.5M | $447,000 | $527,000 | $1.4M | $2.4M | $623,000 | $524,000 | $502,000 | — |
| Deferred revenue | — | −$11.6M | $270,000 | $535,000 | $1.4M | — | — | — | $14.2M | — |
| Total current liabilities | $13.2M | $12.3M | $13.4M | $12.9M | $10.1M | $13.7M | $14.5M | $14.7M | $19.6M | $13.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $2.3M | $743,000 | $2.0M | $1.6M | $2.1M | $0 |
| Lease obligations | $3.2M | $4.0M | $3.8M | $2.0M | $841,000 | $1.7M | — | — | — | — |
| Other long-term liabilities | $3.7M | $4.4M | $4.4M | $3.6M | $1.8M | $1.3M | $631,000 | $521,000 | $2.7M | $2.5M |
| Total liabilities | $16.9M | $16.8M | $17.8M | $16.4M | $14.1M | $15.7M | $17.1M | $16.8M | $24.5M | $16.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 |
| Retained earnings (deficit) | −$56.7M | −$57.3M | −$57.7M | −$61.2M | −$65.8M | −$60.8M | −$56.0M | −$56.9M | −$57.0M | −$57.1M |
| Treasury stock | — | — | — | — | −$6.4M | −$6.4M | −$6.1M | −$4.9M | −$4.9M | −$2.1M |
| Accumulated other comprehensive income | — | −$376,000 | −$544,000 | −$23,000 | $81,000 | $2,000 | −$93,000 | $4,000 | −$50,000 | −$12,000 |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $25.5M | $24.9M | $24.2M | $21.0M | $16.5M | $21.4M | $26.1M | $26.2M | $25.4M | $27.8M |
| Key figures | ||||||||||
| Total debt | — | $4.0M | $3.8M | $2.0M | $3.6M | $3.7M | $2.6M | $2.1M | $2.6M | — |
| Net cash (debt) | — | $8.7M | $8.2M | $8.2M | $2.0M | $3.3M | $4.1M | $2.1M | $3.0M | — |
| Working capital | $9.8M | $9.1M | $8.2M | $6.3M | $2.7M | $3.0M | $4.3M | $3.4M | $5.0M | $5.8M |
| Tangible book value | $9.4M | $8.9M | $8.2M | $5.0M | $492,000 | $4.6M | $4.4M | $4.4M | $3.5M | $5.8M |
| Book value per share | $4.94 | $4.83 | $4.69 | $4.07 | $3.20 | $4.12 | $4.90 | $4.86 | $4.47 | $4.66 |
| Shares outstanding | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.3M | 5.4M | 5.7M | 6.0M |
| Current ratio | 1.74 | 1.74 | 1.62 | 1.49 | 1.27 | 1.22 | 1.30 | 1.23 | 1.26 | 1.43 |
| Quick ratio | 1.73 | 1.72 | 1.60 | 1.49 | 1.26 | 1.20 | 1.29 | 1.22 | 1.16 | 1.31 |
| Debt / equity | — | 0.16 | 0.16 | 0.10 | 0.22 | 0.17 | 0.10 | 0.08 | 0.10 | — |
| Equity / assets | 60.0% | 59.8% | 57.7% | 56.1% | 53.9% | 57.6% | 60.4% | 60.9% | 50.9% | 63.5% |
| Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $12.8M | $12.5M | $15.5M | $13.4M | $12.0M | $11.4M | $12.7M | $11.2M | $10.9M | $10.9M | $12.0M | $10.5M |
| Cash & equivalents | $6.7M | $5.5M | $8.5M | $6.5M | $5.7M | $4.7M | $6.1M | $10.9M | $10.9M | $10.9M | $12.0M | $10.5M |
| Short-term investments | $6.1M | $7.0M | $6.9M | $6.9M | $6.3M | $6.7M | $6.6M | $295,000 | — | $13.3M | $13.3M | — |
| Receivables | $9.1M | $8.9M | $7.4M | $9.2M | $9.2M | $8.6M | $8.5M | $9.9M | $10.0M | $9.7M | $9.5M | $10.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $1 | $0 | $1 | $0 | $1 |
| Other current assets | $223,000 | $280,000 | $167,000 | $145,000 | $105,000 | $227,999 | $202,999 | $288,999 | $214,000 | $299,999 | $181,000 | $217,999 |
| Total current assets | $22.1M | $21.7M | $23.0M | $22.7M | $21.3M | $20.2M | $21.4M | $21.4M | $21.1M | $20.9M | $21.6M | $21.6M |
| Property, plant & equipment (net) | $3.0M | $2.8M | $3.1M | $3.3M | $3.5M | $3.7M | $3.9M | $4.0M | $3.9M | $4.1M | $4.0M | $1.7M |
| Goodwill & intangible assets | $16.0M | $16.0M | $16.0M | $16.0M | $16.0M | $16.0M | $16.0M | $16.0M | $16.0M | $16.0M | $16.0M | $16.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $237,000 | $262,000 | $299,000 | $301,000 | $299,000 | $301,000 | $2.5M | $300,000 | $301,000 | $308,000 | $322,000 | $319,000 |
| Total assets | $41.4M | $40.8M | $42.4M | $42.3M | $41.1M | $40.3M | $43.9M | $41.7M | $41.3M | $41.3M | $42.0M | $39.7M |
| Liabilities | ||||||||||||
| Accounts payable | $4.9M | $4.5M | $4.8M | $4.6M | $4.0M | $3.7M | $3.9M | $3.9M | $3.9M | $4.1M | $4.3M | $4.2M |
| Short-term debt | — | — | — | $810,000 | $1.5M | $1.5M | $1.5M | $760,000 | $636,000 | $534,000 | $447,000 | $469,000 |
| Deferred revenue | — | — | — | — | −$10.9M | −$10.2M | −$8.4M | −$3.9M | — | — | $270,000 | $985,000 |
| Total current liabilities | $12.7M | $12.4M | $13.2M | $12.6M | $11.6M | $11.0M | $12.3M | $12.3M | $12.3M | $12.4M | $13.4M | $13.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $3.2M | $3.0M | $3.2M | $3.4M | $3.6M | $3.8M | $4.0M | $4.1M | $3.9M | $3.9M | $3.8M | $1.6M |
| Other long-term liabilities | $3.7M | $3.6M | $3.7M | $4.0M | $4.3M | $4.3M | $6.7M | $4.6M | $4.4M | $4.4M | $4.4M | $2.2M |
| Total liabilities | $16.3M | $16.0M | $16.9M | $16.6M | $15.9M | $15.3M | $19.0M | $16.9M | $16.7M | $16.8M | $17.8M | $15.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | — | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 |
| Retained earnings (deficit) | −$56.4M | −$56.5M | −$56.7M | −$56.6M | −$56.9M | −$57.2M | −$57.3M | −$57.2M | −$57.6M | −$57.5M | −$57.7M | −$57.7M |
| Accumulated other comprehensive income | — | — | — | −$238,000 | −$402,000 | −$406,000 | −$376,000 | −$498,000 | −$346,000 | −$458,000 | −$544,000 | −$887,000 |
| Total shareholders' equity | $25.0M | $24.8M | $25.5M | $25.7M | $25.2M | $25.0M | $24.9M | $24.8M | $24.6M | $24.5M | $24.2M | $23.9M |
| Key figures | ||||||||||||
| Total debt | — | — | — | $3.4M | $3.6M | $3.8M | $4.0M | $4.1M | $3.9M | $3.9M | $3.8M | $1.6M |
| Net cash (debt) | — | — | — | $10.0M | $8.4M | $7.6M | $8.7M | $7.1M | $7.1M | $6.9M | $8.2M | $8.9M |
| Working capital | $9.4M | $9.3M | $9.8M | $10.1M | $9.7M | $9.2M | $9.1M | $9.1M | $8.8M | $8.5M | $8.2M | $8.0M |
| Tangible book value | $9.0M | $8.8M | $9.4M | $9.7M | $9.2M | $9.0M | $8.9M | $8.8M | $8.6M | $8.5M | $8.2M | $7.8M |
| Book value per share | $5.08 | $5.04 | $4.94 | $4.98 | $4.89 | $4.84 | $4.83 | $4.82 | $4.77 | $4.75 | $4.69 | $4.63 |
| Shares outstanding | 4.9M | 4.9M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M |
| Current ratio | 1.74 | 1.75 | 1.74 | 1.80 | 1.83 | 1.84 | 1.74 | 1.74 | 1.71 | 1.69 | 1.62 | 1.59 |
| Quick ratio | 1.72 | 1.73 | 1.73 | 1.79 | 1.82 | 1.82 | 1.72 | 1.71 | 1.70 | 1.66 | 1.60 | 1.57 |
| Debt / equity | — | — | — | 0.13 | 0.14 | 0.15 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.07 |
| Equity / assets | 60.5% | 60.8% | 60.0% | 60.7% | 61.3% | 62.0% | 56.7% | 59.5% | 59.6% | 59.3% | 57.7% | 60.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed —); data from EODHD.
WHLM financial position
At the end of fiscal 2024 (December 31, 2024), Wilhelmina International had total assets of $42.4 million (up 1.8% from a year earlier), total liabilities of $16.9 million and shareholders' equity of $25.5 million. Its current ratio was 1.74. In the latest quarter (ended June 30, 2025) total assets were $41.4 million and equity $25.0 million.
Related: WHLM income statement, WHLM cash flow statement, WHLM key metrics. See the WHLM stock overview for the latest quote and news.
WHLM balance sheet FAQ
What are Wilhelmina International's total assets?
Wilhelmina International reported total assets of $42.4 million at the end of fiscal 2024 (December 31, 2024), compared with $41.7 million a year earlier.
How much cash does Wilhelmina International have?
Wilhelmina International held $15.5 million in cash and short-term investments at the end of fiscal 2024.
What is Wilhelmina International's book value?
Wilhelmina International's shareholders' equity (book value) was $25.5 million at the end of fiscal 2024, or $4.94 per share.
What is Wilhelmina International's current ratio?
Wilhelmina International had current assets of $23.0 million and current liabilities of $13.2 million, a current ratio of 1.74 (it can cover its short-term obligations).
How much goodwill does Wilhelmina International have?
Wilhelmina International carried $16.0 million of goodwill and intangible assets, 37.8% of total assets, at the end of fiscal 2024.