Fang Holdings Ltd (SFUNY) Balance Sheet
SFUNY balance sheet, 2025
December 31, 2025 · U.S. dollars$838.8M assets = $491.9M liabilities + $346.9M equity
Both columns are drawn to the same scale: what SFUNY owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SFUNY financial health
Current ratio1.40
Adequate · current assets cover current liabilities 1.40×
Debt / equity0.63
Moderate leverage · $0.63 of debt for each $1 of equity
Equity / assets41.4%
Equity-funded · of assets funded by shareholders
Cash / debt67.1%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
SFUNY balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.61B2016 | $838.8M2025 | −7.0%/yr | |
| Total liabilities | $1.13B2016 | $491.9M2025 | −8.8%/yr | |
| Shareholders’ equity | $487.1M2016 | $346.9M2025 | −3.7%/yr | |
| Cash & short-term investments | $379.5M2016 | $145.8M2025 | −10.1%/yr | |
| Total debt | $573.2M2016 | $217.3M2025 | −10.2%/yr | |
| Net cash (debt) | −$193.7M2016 | −$71.5M2025 | +$122.2M | |
| Working capital | $97.5M2016 | $84.7M2025 | −$12.8M | |
| Current ratio | 1.142016 | 1.402025 | +0.26 | |
| Debt / equity | 1.182016 | 0.632025 | −0.55 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SFUNY assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
SFUNY liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
SFUNY debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SFUNY balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $145.8M | $192.6M | $192.6M | $214.8M | $184.1M | $209.7M | $300.7M | $211.2M | $284.1M | $379.5M |
| Cash & equivalents | $86.9M | $86.1M | $86.1M | $106.0M | $120.7M | $130.1M | $181.7M | $195.1M | $228.3M | $336.5M |
| Short-term investments | $58.9M | $106.5M | $106.5M | $108.8M | $63.5M | $72.9M | $119.0M | $16.0M | $55.8M | $42.9M |
| Receivables | $52.4M | $49.5M | $22.3M | $31.4M | $214.7M | $143.0M | $74.8M | $186.2M | $73.1M | $158.3M |
| Inventory | $0 | $755,000 | $0 | $0 | $0 | $278.9M | $246.7M | $266.1M | $249.7M | $248.5M |
| Other current assets | $97.8M | $77.4M | $105.5M | $161.2M | $314.6M | $69.2M | $66.4M | $3.0M | $136.0M | $6.9M |
| Total current assets | $295.9M | $320.4M | $320.4M | $407.4M | $713.3M | $700.7M | $688.5M | $666.4M | $742.8M | $793.2M |
| Property, plant & equipment (net) | $429.1M | $485.5M | $485.5M | $666.5M | $738.5M | $713.6M | $695.5M | $730.8M | $622.1M | $319.9M |
| Goodwill & intangible assets | $0 | $3.2M | $0 | $0 | $0 | $497,000 | $618,000 | $33.2M | $35.7M | $158.3M |
| Long-term investments | $0 | $99.3M | $105.9M | $97.9M | $219.9M | $373.0M | $341.9M | $373.2M | $0 | $0 |
| Other non-current assets | $113.9M | $38.7M | $35.2M | $37.1M | $43.5M | $117.1M | $88.2M | $21.0M | $594.0M | $343.4M |
| Total assets | $838.8M | $947.0M | $947.0M | $1.21B | $1.72B | $1.90B | $1.81B | $1.82B | $1.99B | $1.61B |
| Liabilities | ||||||||||
| Accounts payable | — | $21.2M | $21.2M | $25.9M | $27.7M | $161.5M | $25.4M | $30.9M | $46.5M | $74.7M |
| Short-term debt | $92.0M | $68.9M | — | — | $342.5M | $336.0M | $369.8M | $297.8M | $242.7M | $212.7M |
| Deferred revenue | $58.4M | $56.3M | — | — | $52.6M | $54.1M | $136.9M | $163.3M | $168.9M | $129.8M |
| Total current liabilities | $211.2M | $214.8M | $214.8M | $354.4M | $560.8M | $481.2M | $644.2M | $600.7M | $726.7M | $695.7M |
| Long-term debt | $0 | $125.3M | $167.6M | $59.8M | $215.9M | $394.7M | $353.1M | $377.6M | $0 | $0 |
| Lease obligations | — | $278,000 | $748,000 | $1.2M | $1.8M | $1.9M | $2.4M | — | — | — |
| Other long-term liabilities | $280.7M | $223.0M | $180.7M | $202.9M | $221.8M | $204.4M | $221.3M | $253.0M | $533.3M | $431.3M |
| Total liabilities | $491.9M | $563.1M | $563.1M | $617.1M | $998.5M | $1.24B | $1.22B | $1.23B | $1.26B | $1.13B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $12.4M | $12.4M | — | — | $12.4M | $12.4M | $12.4M | $12.4M | $12.3M | $12.3M |
| Retained earnings (deficit) | −$53.9M | −$25.1M | −$25.1M | $154.6M | $230.1M | $257.9M | $271.0M | $272.4M | $220.2M | $203.9M |
| Accumulated other comprehensive income | −$45.8M | −$37.4M | — | — | $41.2M | −$30.1M | −$93.1M | −$73.4M | $137.5M | −$81.3M |
| Minority interest | — | — | — | $0 | $0 | — | — | — | — | — |
| Total shareholders' equity | $346.9M | $383.9M | $383.9M | $591.8M | $716.8M | $665.1M | $595.4M | $592.5M | $734.0M | $487.1M |
| Key figures | ||||||||||
| Total debt | $217.3M | $236.4M | $167.6M | $59.8M | $558.4M | $728.8M | $721.3M | $675.5M | $648.2M | $573.2M |
| Net cash (debt) | −$71.5M | −$43.8M | $25.1M | $155.0M | −$374.3M | −$519.1M | −$420.6M | −$464.3M | −$364.1M | −$193.7M |
| Working capital | $84.7M | $105.5M | $105.5M | $53.0M | $152.6M | $219.6M | $44.3M | $65.7M | $16.1M | $97.5M |
| Tangible book value | $346.9M | $380.7M | $383.9M | $591.8M | $716.8M | $664.6M | $594.8M | $559.4M | $698.3M | $328.8M |
| Current ratio | 1.40 | 1.49 | 1.49 | 1.15 | 1.27 | 1.46 | 1.07 | 1.11 | 1.02 | 1.14 |
| Quick ratio | 0.94 | 1.13 | 1.00 | 0.69 | 0.71 | 0.73 | 0.58 | 0.66 | 0.49 | 0.77 |
| Debt / equity | 0.63 | 0.62 | 0.44 | 0.10 | 0.78 | 1.10 | 1.21 | 1.14 | 0.88 | 1.18 |
| Equity / assets | 41.4% | 40.5% | 40.5% | 49.0% | 41.8% | 34.9% | 32.8% | 32.5% | 36.8% | 30.2% |
| Dec '20 | Sep '20 | Jun '20 | Mar '20 | Dec '19 | Sep '19 | Jun '19 | Mar '19 | Dec '18 | Sep '18 | Jun '18 | Mar '18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $221.6M | $365.0M | $233.8M | $288.3M | $300.7M | $263.2M | $249.5M | $220.4M | $211.2M | $191.2M | $222.9M | $284.1M |
| Cash & equivalents | $130.1M | $111.8M | $85.5M | $107.0M | $181.7M | $214.4M | $232.1M | $198.9M | $195.1M | $151.2M | $183.1M | $228.3M |
| Short-term investments | $91.6M | $253.1M | $148.4M | $181.3M | $119.0M | $48.7M | $17.4M | $21.5M | $16.0M | $40.0M | $39.9M | $55.8M |
| Receivables | $100.2M | $178.2M | $152.3M | $141.2M | $74.8M | $122.2M | $141.0M | $168.0M | $185.6M | $225.6M | $232.3M | $73.1M |
| Inventory | $0 | $0 | $0 | $0 | $246.7M | $0 | $0 | $0 | $266.1M | $266.1M | $0 | $249.7M |
| Other current assets | $407.7M | $261.9M | $250.3M | $253.2M | $66.4M | $241.4M | $274.5M | $279.9M | $3.5M | $0 | $251.7M | $136.0M |
| Total current assets | $729.5M | $805.0M | $636.4M | $682.7M | $688.5M | $626.8M | $665.0M | $668.3M | $666.4M | $662.7M | $706.9M | $742.8M |
| Property, plant & equipment (net) | $713.6M | $693.2M | $676.6M | $630.0M | $695.5M | $693.6M | $716.4M | $735.2M | $730.8M | $737.4M | $767.2M | $622.1M |
| Goodwill & intangible assets | $497,000 | $499,000 | $482,000 | $50.7M | $618,000 | $31.6M | $32.7M | $33.6M | $33.2M | $32.6M | $34.8M | $35.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $461.3M | $332.2M | $417.0M | $388.6M | $430.2M | $387.7M | $379.0M | $436.8M | $394.3M | $452.8M | $405.9M | $594.0M |
| Total assets | $1.90B | $1.83B | $1.73B | $1.75B | $1.81B | $1.74B | $1.79B | $1.87B | $1.82B | $1.89B | $1.91B | $1.99B |
| Liabilities | ||||||||||||
| Accounts payable | $161.5M | $140.2M | $122.4M | $125.2M | $25.4M | $122.0M | $120.3M | $131.4M | $30.9M | $30.9M | $125.1M | $46.5M |
| Short-term debt | $32.3M | $406.5M | $361.2M | $364.8M | $369.8M | $262.3M | $293.2M | $297.0M | $297.8M | $280.4M | $278.8M | $242.7M |
| Deferred revenue | $140.3M | $132.9M | $130.1M | $140.7M | $136.9M | $130.7M | $141.3M | $170.4M | $163.3M | $182.1M | $193.7M | $168.9M |
| Total current liabilities | $640.0M | $683.5M | $617.4M | $638.4M | $644.2M | $519.0M | $558.1M | $602.2M | $600.7M | $603.9M | $610.3M | $726.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $599.2M | $528.8M | $546.3M | $572.1M | $574.4M | $609.5M | $604.1M | $644.3M | $630.7M | $639.4M | $633.1M | $533.3M |
| Total liabilities | $1.24B | $1.21B | $1.16B | $1.21B | $1.22B | $1.13B | $1.16B | $1.25B | $1.23B | $1.24B | $1.24B | $1.26B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $12.4M | $12.4M | $12.4M | $12.4M | $12.4M | $12.4M | $12.4M | $12.4M | $12.4M | $12.4M | $12.4M | $12.3M |
| Retained earnings (deficit) | $257.9M | $257.9M | $250.9M | $231.3M | $271.0M | $297.9M | $308.4M | $290.1M | $272.4M | $320.5M | $318.3M | $220.2M |
| Accumulated other comprehensive income | −$30.1M | −$75.2M | −$110.4M | −$113.8M | −$93.1M | −$100.7M | −$82.4M | −$59.1M | −$73.4M | −$70.8M | −$35.2M | $137.5M |
| Total shareholders' equity | $665.1M | $617.9M | $566.1M | $540.8M | $595.4M | $610.4M | $630.1M | $626.7M | $592.5M | $641.4M | $670.8M | $734.0M |
| Key figures | ||||||||||||
| Total debt | $728.8M | $725.3M | $708.2M | $709.5M | $721.3M | $661.8M | $666.1M | $673.2M | $675.5M | $697.5M | $641.6M | $648.2M |
| Net cash (debt) | −$507.2M | −$360.3M | −$474.4M | −$421.2M | −$420.6M | −$398.6M | −$416.6M | −$452.9M | −$464.3M | −$506.3M | −$418.7M | −$364.1M |
| Working capital | $89.5M | $121.5M | $19.0M | $44.2M | $44.3M | $107.8M | $106.9M | $66.1M | $65.7M | $58.8M | $96.6M | $16.1M |
| Tangible book value | $664.6M | $617.4M | $565.6M | $490.0M | $594.8M | $578.8M | $597.4M | $593.1M | $559.4M | $608.8M | $636.0M | $698.3M |
| Book value per share | — | — | — | — | — | — | — | — | $66.20 | — | — | — |
| Shares outstanding | — | — | — | — | — | — | — | — | 9.0M | — | — | — |
| Current ratio | 1.14 | 1.18 | 1.03 | 1.07 | 1.07 | 1.21 | 1.19 | 1.11 | 1.11 | 1.10 | 1.16 | 1.02 |
| Quick ratio | 0.50 | 0.79 | 0.63 | 0.67 | 0.58 | 0.74 | 0.70 | 0.64 | 0.66 | 0.69 | 0.75 | 0.49 |
| Debt / equity | 1.10 | 1.17 | 1.25 | 1.31 | 1.21 | 1.08 | 1.06 | 1.07 | 1.14 | 1.09 | 0.96 | 0.88 |
| Equity / assets | 34.9% | 33.7% | 32.7% | 30.9% | 32.8% | 35.1% | 35.1% | 33.4% | 32.5% | 34.0% | 35.0% | 36.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 21, 2025); data from EODHD.
SFUNY financial position
At the end of fiscal 2025 (December 31, 2025), Fang had total assets of $838.8 million (down 11.4% from a year earlier), total liabilities of $491.9 million and shareholders' equity of $346.9 million. It held $145.8 million in cash and short-term investments against $217.3 million of debt, net debt of $71.5 million. Its current ratio was 1.40.
Related: SFUNY income statement, SFUNY cash flow statement, SFUNY key metrics. See the SFUNY stock overview for the latest quote and news.
SFUNY balance sheet FAQ
What are Fang's total assets?
Fang reported total assets of $838.8 million at the end of fiscal 2025 (December 31, 2025), compared with $947.0 million a year earlier.
How much debt does Fang have?
Fang had $217.3 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.63.
How much cash does Fang have?
Fang held $145.8 million in cash and short-term investments at the end of fiscal 2025; with $217.3 million of debt that is net debt of $71.5 million.
What is Fang's book value?
Fang's shareholders' equity (book value) was $346.9 million at the end of fiscal 2025.
What is Fang's current ratio?
Fang had current assets of $295.9 million and current liabilities of $211.2 million, a current ratio of 1.40 (it can cover its short-term obligations).