WHLM

Ahoy, budding value investors, let's crunch some numbers for Wilhelmina International, Inc., ticker WHLM, ably striding the financial catwalk in Q3 2023. First, let's eyeball their attractive assets; modest yet alluring, tallied at a smooth $41.7 million. Quite pleasingly, their liabilities totter at $16.9 million, leaving the equity blushingly exposed at $24.8 million, a testament to WHLM's disciplined fiscal decorum.

Roaming the balance sheet, several intricate patterns emerge, deserving a suitably arched eyebrow. The admirable ratio of current assets to current liabilities ($21.4M vs $12.3M) is a well-knitted financial solvency pattern, often skimmed over by unsuspecting investors. It’s worth noting the attention given to non-current assets, with a fetching $20.3 million waiting to be wooed.

And, drumroll, please...what's this enigmatic "Other non-current assets" worth $20M? A magic money tree, perhaps? Delightfully, it’s a little secret guardian of potential future value, a gem which tends to be begrudgingly overlooked.

On to their income statement, a riveting reveal of revenues rendered at a charming $4.5 million for the quarter, with a glossy net income of $359,000. A few observers might quirk a brow at their income tax of $126,000; after all, when firms get tax-savvy, the investor’s constellation can gleam with more dividends. Classy move, WHLM.

One more treat for discerning spectators of the stock market pageantry: basic EPS (earnings per share) flaunt a strike pose of $0.07. Not bad, not bad at all. The business world's equivalent of a well-executed runway saunter; slow, steady and sure to turn heads. It’s illuminating to note the underrated thought that increased EPS often signal robust financial health.

One must dare to peek beyond the polished heels and haute couture - and the cash flow statement is just the mirror you need. An auspicious net cash flow of $82,000, grandly backed up by a towering $424,000 from operating activities - these numbers would set a prudent investor's heart aflutter. Beware though, the $327,000 drain from investing activities itches like a missing sequin, an uncomfortable speck to keep an eye on.

So, there you have it, a canapé-sized snapshot of Wilhelmina International, Inc.’s balance sheet. A catwalk disguised as an Excel sheet, a parade of assets, liabilities, and equity that is more than skin deep – WHLM certainly sports the financial aura of a top model.