China Yuchai International Limited (CYD) Balance Sheet

NYSE: CYDAssets, liabilities, debt and equity over 10 years.

CYD balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥31.96B assets = CN¥19.06B liabilities + CN¥12.90B equity

Both columns are drawn to the same scale: what CYD owns equals what it owes plus shareholders’ equity. Hover a block for its value.

CYD financial health

Current ratio1.39

Adequate · current assets cover current liabilities 1.39×

Debt / equity0.22

Low leverage · CN¥0.22 of debt for each $1 of equity

Equity / assets30.0%

Balanced · of assets funded by shareholders

Cash / debt374.3%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles5.5%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

CYD balance sheet trends, 2016–2025

China Yuchai International Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥18.52B2016	CN¥31.96B2025	+6.3%/yr
Total liabilities	CN¥8.46B2016	CN¥19.06B2025	+9.4%/yr
Shareholders’ equity	CN¥7.74B2016	CN¥9.58B2025	+2.4%/yr
Cash & short-term investments	CN¥4.02B2016	CN¥7.85B2025	+7.7%/yr
Total debt	CN¥910.5M2016	CN¥2.10B2025	+9.7%/yr
Net cash (debt)	CN¥3.11B2016	CN¥5.75B2025	+CN¥2.6B
Working capital	CN¥5.50B2016	CN¥7.08B2025	+CN¥1.6B
Current ratio	1.702016	1.392025	−0.31
Debt / equity	0.122016	0.222025	+0.10
Shares outstanding	40.0M2016	37.5M2025	−0.7%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

CYD assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

CYD liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

CYD debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

CYD balance sheet in Chinese yuan

China Yuchai International Limited annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	CN¥7.85B	CN¥6.31B	CN¥6.01B	CN¥4.80B	CN¥5.15B	CN¥6.14B	CN¥6.12B	CN¥6.01B	CN¥5.93B	CN¥4.02B
Cash & equivalents	CN¥7.85B	CN¥6.31B	CN¥5.54B	CN¥4.45B	CN¥4.79B	CN¥5.88B	CN¥5.75B	CN¥5.56B	CN¥5.39B	CN¥3.65B
Short-term investments	—	CN¥397.2M	CN¥467.1M	CN¥351.6M	CN¥357.9M	CN¥265.0M	CN¥365.8M	CN¥448.8M	CN¥538.8M	CN¥363.0M
Receivables	CN¥11.44B	CN¥9.26B	CN¥8.38B	CN¥6.80B	CN¥6.86B	CN¥8.11B	CN¥7.82B	CN¥7.43B	CN¥7.14B	CN¥7.49B
Inventory	CN¥5.58B	CN¥4.67B	CN¥4.67B	CN¥4.94B	CN¥5.21B	CN¥4.47B	CN¥2.82B	CN¥2.52B	CN¥2.57B	CN¥1.66B
Other current assets	CN¥283.5M	CN¥274.0M	CN¥105.5M	CN¥554.6M	CN¥575.4M	CN¥541.2M	CN¥614.3M	CN¥463.5M	CN¥370.8M	CN¥173.5M
Total current assets	CN¥25.16B	CN¥20.52B	CN¥19.16B	CN¥17.10B	CN¥17.79B	CN¥19.26B	CN¥17.38B	CN¥16.42B	CN¥16.01B	CN¥13.35B
Property, plant & equipment (net)	CN¥3.87B	CN¥3.72B	CN¥3.85B	CN¥4.34B	CN¥4.54B	CN¥4.64B	CN¥4.63B	CN¥3.76B	CN¥3.82B	CN¥4.13B
Goodwill & intangible assets	CN¥1.75B	CN¥1.92B	CN¥1.47B	CN¥822.6M	CN¥766.3M	CN¥390.5M	CN¥391.6M	CN¥222.8M	CN¥222.8M	CN¥262.8M
Long-term investments	CN¥663.0M	CN¥338.8M	CN¥237.5M	CN¥175.0M	CN¥263.6M	CN¥369.5M	CN¥325.9M	CN¥294.9M	CN¥268.3M	CN¥180.2M
Other non-current assets	CN¥517.9M	CN¥544.9M	CN¥1.04B	CN¥1.71B	CN¥1.54B	CN¥1.63B	CN¥1.13B	CN¥962.8M	CN¥691.0M	CN¥597.7M
Total assets	CN¥31.96B	CN¥27.05B	CN¥25.76B	CN¥24.14B	CN¥24.91B	CN¥26.29B	CN¥23.85B	CN¥21.66B	CN¥21.02B	CN¥18.52B
Liabilities
Accounts payable	CN¥7.14B	CN¥4.77B	CN¥4.39B	CN¥4.56B	CN¥4.10B	CN¥3.65B	CN¥3.17B	CN¥2.90B	CN¥2.57B	CN¥6.55B
Short-term debt	CN¥2.04B	CN¥1.90B	CN¥1.88B	CN¥2.17B	CN¥2.13B	CN¥1.75B	CN¥2.08B	CN¥2.00B	CN¥1.60B	CN¥894.1M
Deferred revenue	CN¥955.2M	CN¥583.2M	CN¥639.5M	CN¥618.0M	CN¥573.6M	CN¥868.5M	CN¥383.2M	CN¥287.2M	CN¥117.1M	CN¥246.6M
Total current liabilities	CN¥18.08B	CN¥13.23B	CN¥12.06B	CN¥11.22B	CN¥12.44B	CN¥13.05B	CN¥11.21B	CN¥9.56B	CN¥9.39B	CN¥7.85B
Long-term debt	CN¥20.0M	CN¥668.3M	CN¥706.0M	CN¥228.2M	CN¥113.4M	CN¥517.0M	CN¥31.4M	CN¥15.1M	CN¥26.3M	CN¥16.3M
Lease obligations	CN¥77.7M	CN¥63.2M	CN¥49.3M	CN¥59.6M	CN¥40.5M	CN¥39.8M	CN¥60.0M	CN¥48,000	CN¥0	CN¥0
Other long-term liabilities	CN¥963.6M	CN¥849.8M	CN¥817.4M	CN¥850.9M	CN¥735.1M	CN¥889.4M	CN¥1.04B	CN¥936.1M	CN¥639.0M	CN¥595.9M
Total liabilities	CN¥19.06B	CN¥14.75B	CN¥13.58B	CN¥12.30B	CN¥13.29B	CN¥14.46B	CN¥12.28B	CN¥10.51B	CN¥10.05B	CN¥8.46B
Shareholders' equity
Common stock & paid-in capital	CN¥2.08B	CN¥2.08B	CN¥2.08B	CN¥2.08B	CN¥2.08B	CN¥2.08B	CN¥2.08B	CN¥2.08B	CN¥2.08B	CN¥2.06B
Retained earnings (deficit)	CN¥6.95B	CN¥6.98B	CN¥7.20B	CN¥7.00B	CN¥6.89B	CN¥7.06B	CN¥6.76B	CN¥6.39B	CN¥6.30B	CN¥5.66B
Treasury stock	—	—	—	—	—	—	CN¥0	CN¥0	CN¥0	CN¥0
Accumulated other comprehensive income	CN¥843.4M	CN¥425.7M	−CN¥56.9M	−CN¥69.2M	−CN¥110.1M	−CN¥130.7M	−CN¥74.7M	−CN¥80.2M	−CN¥44.0M	CN¥19.4M
Minority interest	CN¥3.31B	CN¥3.13B	CN¥2.95B	CN¥2.83B	—	—	CN¥0	CN¥0	CN¥0	CN¥0
Total shareholders' equity	CN¥9.58B	CN¥9.16B	CN¥9.23B	CN¥9.01B	CN¥8.86B	CN¥9.01B	CN¥8.77B	CN¥8.40B	CN¥8.33B	CN¥7.74B
Key figures
Total debt	CN¥2.10B	CN¥2.57B	CN¥2.59B	CN¥2.40B	CN¥2.24B	CN¥2.27B	CN¥2.09B	CN¥2.02B	CN¥1.63B	CN¥910.5M
Net cash (debt)	CN¥5.75B	CN¥3.74B	CN¥3.42B	CN¥2.40B	CN¥2.90B	CN¥3.87B	CN¥4.03B	CN¥3.99B	CN¥4.30B	CN¥3.11B
Working capital	CN¥7.08B	CN¥7.29B	CN¥7.11B	CN¥5.87B	CN¥5.35B	CN¥6.21B	CN¥6.17B	CN¥6.86B	CN¥6.62B	CN¥5.50B
Tangible book value	CN¥7.83B	CN¥7.24B	CN¥7.76B	CN¥8.19B	CN¥8.09B	CN¥8.62B	CN¥8.38B	CN¥8.17B	CN¥8.11B	CN¥7.47B
Shares outstanding	37.5M	39.3M	40.9M	40.9M	40.9M	40.9M	40.9M	40.9M	40.8M	40.0M
Current ratio	1.39	1.55	1.59	1.52	1.43	1.48	1.55	1.72	1.71	1.70
Quick ratio	1.07	1.18	1.19	1.03	0.96	1.09	1.24	1.41	1.39	1.47
Debt / equity	0.22	0.28	0.28	0.27	0.25	0.25	0.24	0.24	0.20	0.12
Equity / assets	30.0%	33.9%	35.8%	37.3%	35.6%	34.3%	36.8%	38.8%	39.7%	41.8%

China Yuchai International Limited quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Jun '25	Mar '25	Dec '24	Sep '24	Mar '24	Dec '23	Sep '23	Jun '23
Assets
Cash & short-term investments	CN¥8.10B	CN¥7.85B	CN¥7.85B	CN¥7.83B	CN¥6.31B	CN¥6.43B	CN¥6.31B	CN¥6.01B	CN¥6.01B	CN¥6.01B	CN¥773.2M
Cash & equivalents	CN¥8.10B	CN¥7.85B	CN¥7.85B	CN¥7.83B	CN¥6.31B	CN¥6.31B	CN¥5.92B	−CN¥6.01B	−CN¥6.01B	CN¥5.54B	CN¥773.2M
Short-term investments	—	—	—	—	—	—	CN¥397.2M	CN¥12.02B	CN¥12.02B	CN¥467.1M	—
Receivables	CN¥14.06B	CN¥11.44B	CN¥2.46B	CN¥12.74B	CN¥9.26B	CN¥1.60B	CN¥8.89B	CN¥7.86B	CN¥1.49B	CN¥7.86B	CN¥1.25B
Inventory	CN¥5.75B	CN¥5.58B	CN¥5.58B	CN¥4.69B	CN¥4.67B	CN¥4.67B	CN¥4.65B	CN¥4.65B	CN¥4.67B	CN¥4.65B	CN¥4.93B
Other current assets	CN¥0	CN¥283.5M	CN¥9.26B	CN¥0	CN¥274.0M	CN¥7.82B	CN¥667.7M	CN¥0	CN¥0	CN¥640.4M	CN¥0
Total current assets	CN¥27.92B	CN¥25.16B	CN¥25.16B	CN¥25.27B	CN¥20.52B	CN¥20.52B	CN¥20.52B	CN¥6.01B	CN¥6.01B	CN¥19.16B	CN¥4.93B
Property, plant & equipment (net)	CN¥0	CN¥3.87B	CN¥3.87B	CN¥0	CN¥3.72B	CN¥3.72B	CN¥3.72B	CN¥3.85B	CN¥3.85B	CN¥3.85B	CN¥0
Goodwill & intangible assets	CN¥0	CN¥1.75B	CN¥1.75B	CN¥0	CN¥1.92B	CN¥1.92B	CN¥1.38B	CN¥1.47B	CN¥1.95B	CN¥1.47B	CN¥0
Long-term investments	CN¥0	CN¥0	CN¥663.0M	CN¥0	CN¥0	CN¥338.8M	CN¥0	CN¥0	CN¥237.5M	CN¥0	CN¥0
Other non-current assets	CN¥0	CN¥1.18B	CN¥517.9M	CN¥0	CN¥883.8M	CN¥544.9M	CN¥1.42B	CN¥14.43B	CN¥12.85B	CN¥1.27B	CN¥19.97B
Total assets	CN¥27.92B	CN¥31.96B	CN¥31.96B	CN¥25.27B	CN¥27.05B	CN¥27.05B	CN¥27.05B	CN¥25.76B	CN¥24.91B	CN¥25.76B	CN¥24.91B
Liabilities
Accounts payable	CN¥13.21B	CN¥7.14B	CN¥7.14B	CN¥11.91B	CN¥4.77B	CN¥4.77B	CN¥4.77B	CN¥4.39B	CN¥4.39B	CN¥4.39B	CN¥8.00B
Short-term debt	—	CN¥2.04B	—	—	CN¥1.90B	CN¥0	CN¥1.90B	CN¥1.88B	—	CN¥1.88B	—
Deferred revenue	—	CN¥955.2M	—	—	CN¥583.2M	—	—	CN¥639.5M	—	—	—
Total current liabilities	CN¥13.21B	CN¥18.08B	CN¥18.08B	CN¥11.91B	CN¥13.23B	CN¥13.23B	CN¥13.23B	CN¥12.06B	CN¥12.06B	CN¥12.06B	CN¥8.00B
Long-term debt	CN¥0	CN¥0	CN¥20.0M	CN¥0	CN¥0	CN¥668.3M	CN¥0	CN¥0	CN¥690.0M	CN¥0	CN¥0
Lease obligations	—	—	CN¥77.7M	—	—	CN¥63.2M	—	—	CN¥49.3M	—	—
Other long-term liabilities	CN¥1.43B	CN¥983.6M	CN¥963.6M	CN¥2.18B	CN¥1.52B	CN¥849.8M	CN¥1.52B	CN¥0	CN¥0	CN¥1.52B	CN¥417.5M
Total liabilities	CN¥14.64B	CN¥19.06B	CN¥19.06B	CN¥14.09B	CN¥14.75B	CN¥14.75B	CN¥14.75B	−CN¥12.18B	−CN¥12.18B	CN¥13.58B	CN¥8.00B
Shareholders' equity
Common stock & paid-in capital	—	CN¥2.08B	—	—	CN¥2.08B	CN¥2.08B	CN¥2.08B	CN¥2.08B	—	CN¥2.08B	—
Retained earnings (deficit)	—	CN¥6.95B	CN¥6.95B	—	CN¥6.98B	CN¥6.98B	CN¥7.42B	CN¥7.20B	CN¥6.82B	CN¥7.20B	—
Accumulated other comprehensive income	—	CN¥843.4M	—	—	CN¥425.7M	—	−CN¥54.6M	CN¥9.23B	CN¥9.23B	−CN¥56.9M	—
Minority interest	—	—	CN¥3.31B	—	—	CN¥3.13B	—	—	—	—	—
Total shareholders' equity	CN¥10.16B	CN¥9.58B	CN¥9.58B	CN¥9.40B	CN¥9.16B	CN¥9.16B	CN¥9.16B	CN¥12.18B	CN¥12.18B	CN¥9.23B	CN¥9.23B
Key figures
Total debt	CN¥1.43B	CN¥2.10B	CN¥20.0M	CN¥2.18B	CN¥2.57B	CN¥668.3M	CN¥2.57B	CN¥2.59B	CN¥690.0M	CN¥2.59B	—
Net cash (debt)	CN¥6.67B	CN¥5.75B	CN¥7.83B	CN¥5.65B	CN¥3.74B	CN¥5.77B	CN¥3.74B	CN¥3.42B	CN¥5.32B	CN¥3.42B	—
Working capital	CN¥14.71B	CN¥7.08B	CN¥7.08B	CN¥13.35B	CN¥7.29B	CN¥7.29B	CN¥7.29B	−CN¥6.05B	−CN¥6.05B	CN¥7.11B	−CN¥3.07B
Tangible book value	CN¥10.16B	CN¥7.83B	CN¥7.83B	CN¥9.40B	CN¥7.24B	CN¥7.24B	CN¥7.78B	CN¥10.71B	CN¥10.22B	CN¥7.76B	CN¥9.23B
Shares outstanding	37.9M	37.5M	37.5M	37.5M	37.8M	37.8M	37.8M	40.9M	40.9M	40.9M	40.9M
Current ratio	2.11	1.39	1.39	2.12	1.55	1.55	1.55	0.50	0.50	1.59	0.62
Quick ratio	1.68	1.07	0.57	1.73	1.18	0.61	1.15	1.15	0.62	1.15	0.25
Debt / equity	0.14	0.22	0.00	0.23	0.28	0.07	0.28	0.21	0.06	0.28	—
Equity / assets	36.4%	30.0%	30.0%	37.2%	33.9%	33.9%	33.9%	47.3%	48.9%	35.8%	37.1%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 29, 2026); data from EODHD.

CYD financial position

At the end of fiscal 2025 (December 31, 2025), China Yuchai International had total assets of CN¥32.0 billion (up 18.2% from a year earlier), total liabilities of CN¥19.1 billion and shareholders' equity of CN¥9.6 billion. It held CN¥7.9 billion in cash and short-term investments against CN¥2.1 billion of debt, a net cash position of CN¥5.8 billion. Its current ratio was 1.39. In the latest quarter (ended June 30, 2026) total assets were CN¥27.9 billion and equity CN¥10.2 billion.

Related: CYD income statement, CYD cash flow statement, CYD key metrics. See the CYD stock overview for the latest quote and news.

CYD balance sheet FAQ

What are China Yuchai International's total assets?

China Yuchai International reported total assets of CN¥32.0 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥27.0 billion a year earlier.

How much debt does China Yuchai International have?

China Yuchai International had CN¥2.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.22.

How much cash does China Yuchai International have?

China Yuchai International held CN¥7.9 billion in cash and short-term investments at the end of fiscal 2025; with CN¥2.1 billion of debt that is net cash of CN¥5.8 billion.

What is China Yuchai International's book value?

China Yuchai International's shareholders' equity (book value) was CN¥9.6 billion at the end of fiscal 2025.

What is China Yuchai International's current ratio?

China Yuchai International had current assets of CN¥25.2 billion and current liabilities of CN¥18.1 billion, a current ratio of 1.39 (it can cover its short-term obligations).

How much goodwill does China Yuchai International have?

China Yuchai International carried CN¥1.8 billion of goodwill and intangible assets, 5.5% of total assets, at the end of fiscal 2025.