Haoxin Holdings Limited Class A (HXHX) Balance Sheet
HXHX balance sheet, 2025
December 31, 2025 · U.S. dollars$50.3M assets = $22.6M liabilities + $27.6M equity
Both columns are drawn to the same scale: what HXHX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HXHX financial health
Descriptive bands, not a rating. Fiscal 2025.
HXHX balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $12.6M2020 | $50.3M2025 | +31.8%/yr | |
| Total liabilities | $9.2M2020 | $22.6M2025 | +19.9%/yr | |
| Shareholders’ equity | $3.5M2020 | $27.6M2025 | +51.3%/yr | |
| Cash & short-term investments | $209,2652020 | $1.4M2025 | +46.3%/yr | |
| Total debt | $4.2M2020 | $11.7M2025 | +22.9%/yr | |
| Net cash (debt) | −$3.9M2020 | −$10.3M2025 | −$6.3M | |
| Working capital | $256,0382020 | $26.5M2025 | +$26.2M | |
| Book value per share | $0.232020 | $2.012025 | +54.0%/yr | |
| Current ratio | 1.032020 | 2.372025 | +1.34 | |
| Debt / equity | 1.202020 | 0.422025 | −0.77 | |
| Shares outstanding | 15.0M2020 | 13.8M2025 | −1.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HXHX assets
HXHX liabilities and equity
HXHX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HXHX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $1.4M | $170,431 | $86,287 | $98,125 | $776,892 | $209,265 |
| Cash & equivalents | $1.4M | $170,431 | $86,287 | $98,125 | $776,892 | $209,265 |
| Receivables | $16.0M | $20.2M | $19.8M | $12.7M | $15.1M | $7.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $28.3M | $10.7M | $6.6M | $6.7M | $1.6M | $969,165 |
| Total current assets | $45.8M | $31.1M | $26.5M | $19.5M | $17.5M | $8.8M |
| Property, plant & equipment (net) | $4.4M | $537,448 | $906,062 | $1.6M | $2.5M | $3.5M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $130,659 | $784,554 | $773,389 | $571,116 | $413,344 | $383,726 |
| Total assets | $50.3M | $32.4M | $28.1M | $21.7M | $20.4M | $12.6M |
| Liabilities | ||||||
| Accounts payable | $110,023 | $608,230 | $1.3M | $1.0M | $2.7M | $2.1M |
| Short-term debt | $8.3M | $3.3M | $3.2M | $2.5M | $3.2M | $3.5M |
| Total current liabilities | $19.3M | $13.9M | $12.1M | $9.3M | $11.3M | $8.5M |
| Long-term debt | $3.4M | $144,696 | $389,194 | $0 | $244,194 | $287,971 |
| Lease obligations | $0 | $5,052 | $16,546 | $57,387 | $359,760 | $1.3M |
| Other long-term liabilities | $0 | $0 | $2,997 | $16,864 | $0 | $351,506 |
| Total liabilities | $22.6M | $14.0M | $12.5M | $9.3M | $11.5M | $9.2M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $1,375 | $1,200 | $1,200 | $1,200 | $1,200 | — |
| Retained earnings (deficit) | $19.9M | $15.9M | $12.7M | $9.0M | $5.2M | $311,594 |
| Accumulated other comprehensive income | $592,596 | −$492,738 | $6,398 | $378,627 | $754,029 | $211,055 |
| Total shareholders' equity | $27.6M | $18.4M | $15.7M | $12.4M | $8.9M | $3.5M |
| Key figures | ||||||
| Total debt | $11.7M | $3.5M | $3.6M | $2.5M | $3.4M | $4.2M |
| Net cash (debt) | −$10.3M | −$3.3M | −$3.5M | −$2.4M | −$2.7M | −$3.9M |
| Working capital | $26.5M | $17.2M | $14.4M | $10.3M | $6.2M | $256,038 |
| Tangible book value | $27.6M | $18.4M | $15.7M | $12.4M | $8.9M | $3.5M |
| Book value per share | $2.01 | $1.22 | $1.05 | $0.83 | $0.59 | $0.23 |
| Shares outstanding | 13.8M | 15.0M | 15.0M | 15.0M | 15.0M | 15.0M |
| Current ratio | 2.37 | 2.24 | 2.19 | 2.11 | 1.55 | 1.03 |
| Quick ratio | 0.90 | 1.47 | 1.65 | 1.38 | 1.41 | 0.92 |
| Debt / equity | 0.42 | 0.19 | 0.23 | 0.20 | 0.39 | 1.20 |
| Equity / assets | 55.0% | 56.7% | 55.8% | 57.1% | 43.6% | 27.6% |
| Mar '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | Jun '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $1.4M | $1.4M | $218,309 | $170,431 | $170,431 | $86,156 | $86,287 | $234,212 | $98,125 | $741,395 | $776,892 |
| Cash & equivalents | $1.4M | $1.4M | $218,309 | $170,431 | $170,431 | $86,156 | $86,287 | $234,212 | $98,125 | $741,395 | $776,892 |
| Receivables | $16.0M | $8.8M | $2.0M | $20.2M | $19.1M | $20.1M | $19.8M | $17.0M | $12.7M | $12.4M | $15.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $28.3M | $35.6M | $3.0M | $10.7M | $11.8M | $8.4M | $6.6M | $4.0M | $6.7M | $5.1M | $1.6M |
| Total current assets | $45.8M | $45.8M | $5.2M | $31.1M | $31.1M | $28.6M | $26.5M | $21.2M | $19.5M | $18.2M | $17.5M |
| Property, plant & equipment (net) | $4.4M | $4.4M | $322,768 | $537,448 | $537,448 | $646,290 | $906,062 | $1.2M | $1.6M | $1.9M | $2.5M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $130,659 | $130,659 | $47,715 | $784,554 | $784,554 | $779,094 | $773,389 | $560,043 | $571,116 | $556,310 | $413,344 |
| Total assets | $50.3M | $50.3M | $5.5M | $32.4M | $32.4M | $30.0M | $28.1M | $22.9M | $21.7M | $20.7M | $20.4M |
| Liabilities | |||||||||||
| Accounts payable | $110,023 | $110,023 | $40,899 | $608,230 | $608,230 | $2.3M | $1.3M | $1.1M | $1.0M | $2.5M | $2.7M |
| Short-term debt | $8.3M | — | $725,678 | $3.3M | — | $2.0M | $3.2M | $2.6M | $2.5M | $2.8M | $3.2M |
| Total current liabilities | $19.3M | $19.3M | $2.0M | $13.9M | $13.9M | $13.2M | $12.1M | $9.9M | $9.3M | $10.9M | $11.3M |
| Long-term debt | $0 | $3.4M | $172,627 | $0 | $144,696 | $309,186 | $389,194 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $0 | $0 | — | $5,052 | $10,614 | $16,546 | — | — | — | — |
| Other long-term liabilities | $3.4M | $0 | $0 | $144,696 | $0 | $0 | $2,997 | $8,720 | $16,864 | $23,344 | $244,194 |
| Total liabilities | $22.6M | $22.6M | $2.1M | $14.0M | $14.0M | $13.5M | $12.5M | $9.9M | $9.3M | $10.9M | $11.5M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $1,375 | — | $192 | $1,200 | — | $1,200 | $1,200 | $1,200 | $1,200 | — | $1,200 |
| Retained earnings (deficit) | $19.9M | $19.9M | $2.5M | $15.9M | $15.9M | $14.0M | $12.7M | $10.3M | $9.0M | $6.4M | $5.2M |
| Accumulated other comprehensive income | $592,596 | — | $7,244 | −$492,738 | — | −$386,023 | $6,398 | −$182,468 | $378,627 | $410,978 | $754,029 |
| Total shareholders' equity | $27.6M | $27.6M | $3.5M | $18.4M | $18.4M | $16.5M | $15.7M | $13.0M | $12.4M | $9.8M | $8.9M |
| Key figures | |||||||||||
| Total debt | $11.7M | $3.4M | $749,770 | $3.5M | $144,696 | $2.3M | $3.6M | $2.6M | $2.5M | $2.8M | $3.4M |
| Net cash (debt) | −$10.3M | −$2.0M | −$531,461 | −$3.3M | $25,735 | −$2.2M | −$3.5M | −$2.4M | −$2.4M | −$2.1M | −$2.7M |
| Working capital | $26.5M | $26.5M | $3.1M | $17.2M | $17.2M | $15.4M | $14.4M | $11.3M | $10.3M | $7.4M | $6.2M |
| Tangible book value | $27.6M | $27.6M | $3.5M | $18.4M | $18.4M | $16.5M | $15.7M | $13.0M | $12.4M | $9.8M | $8.9M |
| Book value per share | $2.01 | $2.01 | $0.25 | $1.53 | $1.34 | $1.38 | $1.14 | — | — | — | — |
| Shares outstanding | 13.8M | 13.8M | 13.8M | 12.0M | 13.8M | 12.0M | 13.8M | — | — | — | — |
| Current ratio | 2.37 | 2.37 | 2.54 | 2.24 | 2.24 | 2.17 | 2.19 | 2.15 | 2.11 | 1.68 | 1.55 |
| Quick ratio | 0.90 | 0.53 | 1.07 | 1.47 | 1.39 | 1.53 | 1.65 | 1.74 | 1.38 | 1.21 | 1.41 |
| Debt / equity | 0.42 | 0.12 | 0.22 | 0.19 | 0.01 | 0.14 | 0.23 | 0.20 | 0.20 | 0.29 | 0.39 |
| Equity / assets | 55.0% | 55.0% | 62.8% | 56.7% | 56.7% | 55.1% | 55.8% | 56.9% | 57.1% | 47.4% | 43.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 30, 2026); data from EODHD.
HXHX financial position
At the end of fiscal 2025 (December 31, 2025), Haoxin had total assets of $50.3 million (up 55.3% from a year earlier), total liabilities of $22.6 million and shareholders' equity of $27.6 million. It held $1.4 million in cash and short-term investments against $11.7 million of debt, net debt of $10.3 million. Its current ratio was 2.37. In the latest quarter (ended March 31, 2026) total assets were $50.3 million and equity $27.6 million.
Related: HXHX income statement, HXHX cash flow statement, HXHX key metrics. See the HXHX stock overview for the latest quote and news.
HXHX balance sheet FAQ
What are Haoxin's total assets?
Haoxin reported total assets of $50.3 million at the end of fiscal 2025 (December 31, 2025), compared with $32.4 million a year earlier.
How much debt does Haoxin have?
Haoxin had $11.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.42.
How much cash does Haoxin have?
Haoxin held $1.4 million in cash and short-term investments at the end of fiscal 2025; with $11.7 million of debt that is net debt of $10.3 million.
What is Haoxin's book value?
Haoxin's shareholders' equity (book value) was $27.6 million at the end of fiscal 2025, or $2.01 per share.
What is Haoxin's current ratio?
Haoxin had current assets of $45.8 million and current liabilities of $19.3 million, a current ratio of 2.37 (it can cover its short-term obligations).