Ambow Education Holding Ltd. (AMBO) Balance Sheet
AMBO balance sheet, 2025
December 31, 2025 · U.S. dollars$20.8M assets = $12.5M liabilities + $8.2M equity
Both columns are drawn to the same scale: what AMBO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AMBO financial health
Descriptive bands, not a rating. Fiscal 2025.
AMBO balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $20.6M2023 | $20.8M2025 | +0.6%/yr | |
| Total liabilities | $14.1M2023 | $12.5M2025 | −5.8%/yr | |
| Shareholders’ equity | $6.4M2023 | $8.2M2025 | +13.3%/yr | |
| Cash & short-term investments | $4.8M2023 | $831,0002025 | −58.5%/yr | |
| Total debt | $10.8M2023 | $9.7M2025 | −5.0%/yr | |
| Net cash (debt) | −$5.9M2023 | −$8.9M2025 | −$3.0M | |
| Working capital | $2.7M2023 | $5.9M2025 | +$3.2M | |
| Book value per share | $2.282023 | $2.862025 | +12.0%/yr | |
| Current ratio | 1.282023 | 2.202025 | +0.92 | |
| Debt / equity | 1.682023 | 1.182025 | −0.50 | |
| Shares outstanding | 2.8M2023 | 2.9M2025 | +1.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AMBO assets
AMBO liabilities and equity
AMBO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AMBO balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $831,000 | $1.1M | $4.8M |
| Cash & equivalents | $831,000 | $1.1M | $4.8M |
| Receivables | $2.6M | $3.0M | $2.3M |
| Inventory | $80,000 | $0 | $5.4M |
| Other current assets | $7.4M | $7.6M | $16,000 |
| Total current assets | $10.9M | $11.6M | $12.5M |
| Property, plant & equipment (net) | $7.3M | $3.9M | $4.9M |
| Goodwill & intangible assets | $1.7M | $1.3M | $522,000 |
| Long-term investments | $0 | $0 | $0 |
| Other non-current assets | $969,000 | $486,000 | $2.6M |
| Total assets | $20.8M | $17.4M | $20.6M |
| Liabilities | |||
| Accounts payable | $1.6M | $749,000 | $1.4M |
| Short-term debt | $2.3M | $5.1M | $6.4M |
| Deferred revenue | $262,000 | $436,000 | $544,000 |
| Total current liabilities | $4.9M | $6.8M | $9.8M |
| Long-term debt | $2.7M | $0 | $0 |
| Lease obligations | $6.5M | $6.1M | $6.8M |
| Other long-term liabilities | $4.9M | $3.8M | $4.3M |
| Total liabilities | $12.5M | $10.6M | $14.1M |
| Shareholders' equity | |||
| Common stock & paid-in capital | $159,000 | $159,000 | $159,000 |
| Retained earnings (deficit) | −$509.0M | −$510.3M | −$510.6M |
| Accumulated other comprehensive income | −$128,000 | −$128,000 | −$128,000 |
| Total shareholders' equity | $8.2M | $6.7M | $6.4M |
| Key figures | |||
| Total debt | $9.7M | $8.8M | $10.8M |
| Net cash (debt) | −$8.9M | −$7.7M | −$5.9M |
| Working capital | $5.9M | $4.8M | $2.7M |
| Tangible book value | $6.6M | $5.4M | $5.9M |
| Book value per share | $2.86 | $2.36 | $2.28 |
| Shares outstanding | 2.9M | 2.9M | 2.8M |
| Current ratio | 2.20 | 1.70 | 1.28 |
| Quick ratio | 0.69 | 0.60 | 0.73 |
| Debt / equity | 1.18 | 1.31 | 1.68 |
| Equity / assets | 39.7% | 38.8% | 31.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $7.2M | $4.2M | $831,000 | $830,921 | $4.1M | $8.4M | $1.1M | $1.6M | $273,535 | $4.8M | $6.9M |
| Cash & equivalents | $7.2M | $4.2M | $831,000 | $830,921 | $4.1M | $8.4M | $1.1M | $1.6M | $273,535 | $4.8M | $6.9M |
| Receivables | $1.6M | $2.9M | $16.0M | $2.3M | $2.5M | $3.0M | $2.5M | $2.3M | $2.3M | $2.3M | $7.7M |
| Inventory | $620,019 | $80,000 | $80,000 | $79,992 | $109,000 | $0 | $0 | $0 | $0 | $0 | $5.7M |
| Other current assets | $2 | $3.3M | $0 | $7.7M | $7.4M | $234,000 | $8.0M | $7.5M | $10.0M | $5.4M | $16,000 |
| Total current assets | $9.4M | $10.5M | $10.9M | $10.9M | $14.1M | $11.6M | $11.6M | $11.4M | $12.5M | $12.5M | $20.3M |
| Property, plant & equipment (net) | $6.6M | $7.0M | $7.3M | $7.3M | $7.3M | $3.9M | $3.9M | $3.8M | $4.9M | $4.9M | $6.0M |
| Goodwill & intangible assets | $2.4M | $1.6M | $1.7M | $1.7M | $1.2M | $512,000 | $512,040 | $517,000 | $522,000 | $522,000 | $527,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $879,029 | $924,000 | $969,000 | $968,910 | $619,000 | $1.3M | $1.3M | $1.8M | $2.6M | $2.6M | $1.9M |
| Total assets | $19.2M | $20.1M | $20.8M | $20.8M | $23.2M | $17.4M | $17.4M | $17.6M | $20.6M | $20.6M | $28.8M |
| Liabilities | |||||||||||
| Accounts payable | $559,018 | $837,000 | $11.3M | $1.6M | $825,000 | $749,000 | $749,058 | $942,000 | $1.4M | $1.4M | $2.0M |
| Short-term debt | $2.0M | $2.4M | $2.3M | $1.8M | $7.1M | $5.1M | $5.1M | $5.0M | $6.4M | $6.4M | $11.3M |
| Deferred revenue | $152,004 | $187,000 | — | — | $210,000 | $436,000 | — | — | — | — | $4,000 |
| Total current liabilities | $3.8M | $4.2M | $4.9M | $4.9M | $8.8M | $6.8M | $6.8M | $6.9M | $9.8M | $9.8M | $16.4M |
| Long-term debt | $2.7M | $2.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $5.9M | $6.4M | — | — | $7.5M | — | — | $6.3M | — | — | $7.4M |
| Other long-term liabilities | $4.1M | $4.5M | $7.6M | $7.6M | $5.8M | $3.8M | $3.8M | $4.0M | $0 | $4.3M | $4.9M |
| Total liabilities | $10.6M | $11.4M | $12.5M | $12.5M | $14.6M | $10.6M | $10.6M | $10.9M | −$6.4M | $14.1M | $21.3M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $159,005 | $159,000 | $159,000 | $158,984 | $159,000 | $159,000 | $159,012 | $159,000 | $159,000 | $159,000 | $159,000 |
| Retained earnings (deficit) | −$508.7M | −$508.5M | −$509.0M | −$508.9M | −$508.4M | −$510.3M | −$510.4M | −$510.4M | −$510.6M | −$510.6M | −$509.8M |
| Accumulated other comprehensive income | −$128,004 | −$128,000 | −$128,000 | −$127,987 | −$128,000 | −$128,000 | −$128,009 | −$128,000 | $6.4M | −$128,000 | — |
| Total shareholders' equity | $8.6M | $8.7M | $8.2M | $8.2M | $8.6M | $6.7M | $6.7M | $6.6M | $6.4M | $6.4M | $7.4M |
| Key figures | |||||||||||
| Total debt | $8.8M | $9.6M | $9.7M | $9.2M | $12.4M | $8.8M | $8.8M | $9.0M | $10.8M | $10.8M | $16.2M |
| Net cash (debt) | −$1.6M | −$5.4M | −$8.9M | −$8.4M | −$8.3M | −$403,000 | −$7.7M | −$7.4M | −$10.5M | −$5.9M | −$9.3M |
| Working capital | $5.5M | $6.3M | $5.9M | $5.9M | $5.3M | $4.8M | $4.8M | $4.5M | $2.7M | $2.7M | $3.9M |
| Tangible book value | $6.2M | $7.1M | $6.6M | $6.6M | $7.4M | $6.2M | $6.2M | $6.1M | $5.9M | $5.9M | $6.9M |
| Book value per share | — | $3.05 | — | — | $3.02 | — | $2.36 | $2.33 | $2.25 | $2.25 | $2.60 |
| Shares outstanding | — | 2.9M | — | — | 2.9M | — | 2.9M | 2.9M | 2.9M | 2.9M | 2.9M |
| Current ratio | 2.44 | 2.53 | 2.20 | 2.20 | 1.60 | 1.70 | 1.70 | 1.65 | 1.28 | 1.28 | 1.24 |
| Quick ratio | 2.28 | 1.72 | 3.41 | 0.63 | 0.74 | 1.67 | 0.54 | 0.56 | 0.26 | 0.73 | 0.89 |
| Debt / equity | 1.02 | 1.10 | 1.18 | 1.12 | 1.44 | 1.31 | 1.31 | 1.36 | 1.68 | 1.68 | 2.19 |
| Equity / assets | 44.8% | 43.4% | 39.7% | 39.7% | 37.2% | 38.8% | 38.8% | 37.8% | 31.2% | 31.3% | 25.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 13, 2026); data from EODHD.
AMBO financial position
At the end of fiscal 2025 (December 31, 2025), Ambow Education had total assets of $20.8 million (up 19.7% from a year earlier), total liabilities of $12.5 million and shareholders' equity of $8.2 million. It held $0.8 million in cash and short-term investments against $9.7 million of debt, net debt of $8.9 million. Its current ratio was 2.20. In the latest quarter (ended June 30, 2026) total assets were $19.2 million and equity $8.6 million.
Related: AMBO income statement, AMBO cash flow statement, AMBO key metrics. See the AMBO stock overview for the latest quote and news.
AMBO balance sheet FAQ
What are Ambow Education's total assets?
Ambow Education reported total assets of $20.8 million at the end of fiscal 2025 (December 31, 2025), compared with $17.4 million a year earlier.
How much debt does Ambow Education have?
Ambow Education had $9.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.18.
How much cash does Ambow Education have?
Ambow Education held $0.8 million in cash and short-term investments at the end of fiscal 2025; with $9.7 million of debt that is net debt of $8.9 million.
What is Ambow Education's book value?
Ambow Education's shareholders' equity (book value) was $8.2 million at the end of fiscal 2025, or $2.86 per share.
What is Ambow Education's current ratio?
Ambow Education had current assets of $10.9 million and current liabilities of $4.9 million, a current ratio of 2.20 (it can cover its short-term obligations).
How much goodwill does Ambow Education have?
Ambow Education carried $1.7 million of goodwill and intangible assets, 8.0% of total assets, at the end of fiscal 2025.