Wellchange Holdings Company Limited (WCT) Balance Sheet
WCT balance sheet, 2025
December 31, 2025 · U.S. dollars$13.6M assets = $2.5M liabilities + $11.2M equity
Both columns are drawn to the same scale: what WCT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
WCT financial health
Descriptive bands, not a rating. Fiscal 2025.
WCT balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.5M2021 | $13.6M2025 | +74.9%/yr | |
| Total liabilities | $1.4M2021 | $2.5M2025 | +14.7%/yr | |
| Shareholders’ equity | $29,5982021 | $11.2M2025 | +340.6%/yr | |
| Cash & short-term investments | $51,8622021 | $2.8M2025 | +171.2%/yr | |
| Total debt | $531,6782021 | $522,9252025 | −0.4%/yr | |
| Net cash (debt) | −$479,8162021 | $2.3M2025 | +$2.8M | |
| Working capital | −$156,1362021 | $4.5M2025 | +$4.7M | |
| Current ratio | 0.892021 | 4.592025 | +3.70 | |
| Debt / equity | 17.962021 | 0.052025 | −17.92 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WCT assets
WCT liabilities and equity
WCT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
WCT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $2.8M | $250,312 | $12,783 | $261,377 | $51,862 |
| Cash & equivalents | $2.8M | $250,312 | $12,783 | $261,377 | $51,862 |
| Receivables | $3.0M | $1.3M | $775,169 | $84,655 | $1.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $5.8M | $1.6M | $787,952 | $346,032 | $1.3M |
| Property, plant & equipment (net) | $137,129 | $238,082 | $195,369 | $334,347 | $80,376 |
| Goodwill & intangible assets | $7.7M | $4.2M | $1.6M | $1.2M | $76,263 |
| Long-term investments | $5,596 | $6,029 | $5,820 | $5,483 | $6,192 |
| Other non-current assets | $9,972 | $652,261 | $680,090 | $419,636 | $30,951 |
| Total assets | $13.6M | $6.7M | $3.3M | $2.3M | $1.5M |
| Liabilities | |||||
| Short-term debt | $473,600 | $524,190 | $581,400 | $613,722 | $531,678 |
| Deferred revenue | $144,698 | $354,127 | $84,426 | $191,047 | $132,784 |
| Total current liabilities | $1.3M | $1.5M | $1.1M | $1.2M | $1.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $106,978 | $167,723 | $84,883 | $184,211 | $11,587 |
| Other long-term liabilities | $1.2M | $269,852 | $244,417 | $280,230 | $8,048 |
| Total liabilities | $2.5M | $1.8M | $1.3M | $1.5M | $1.4M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $7,663 | $1,063 | $1,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | −$6.1M | $1.2M | $1.6M | $682,722 | −$97,926 |
| Accumulated other comprehensive income | $124,013 | $138,918 | $131,100 | $127,558 | $125,831 |
| Total shareholders' equity | $11.2M | $4.9M | $2.0M | $811,973 | $29,598 |
| Key figures | |||||
| Total debt | $522,925 | $601,714 | $581,400 | $698,605 | $531,678 |
| Net cash (debt) | $2.3M | −$351,402 | −$568,617 | −$437,228 | −$479,816 |
| Working capital | $4.5M | $66,210 | −$268,232 | −$875,448 | −$156,136 |
| Tangible book value | $3.4M | $692,730 | $368,630 | −$396,212 | −$46,665 |
| Current ratio | 4.59 | 1.04 | 0.75 | 0.28 | 0.89 |
| Quick ratio | 4.59 | 1.04 | 0.75 | 0.28 | 0.89 |
| Debt / equity | 0.05 | 0.12 | 0.29 | 0.86 | 17.96 |
| Equity / assets | 81.9% | 73.4% | 60.6% | 35.1% | 2.0% |
| Mar '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2.8M | $2.8M | $71,538 | $250,312 | $250,312 | $250,311 | $8,199 | $8,199 | $12,783 | $12,783 | $142,540 | $261,377 |
| Cash & equivalents | $2.8M | $2.8M | $71,538 | $250,312 | $250,312 | $250,311 | $8,199 | $8,199 | $12,783 | $12,783 | $142,540 | $261,377 |
| Receivables | $3.0M | $805,966 | $1.1M | $1.3M | $452,823 | $452,823 | $1.1M | $1.1M | $775,169 | $720,245 | $567,818 | $84,655 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $2.2M | $3.0M | $0 | $875,823 | $875,824 | $25,803 | $25,803 | $0 | $54,924 | $0 | $0 |
| Total current assets | $5.8M | $5.8M | $4.1M | $1.6M | $1.6M | $1.6M | $1.2M | $1.2M | $787,952 | $787,952 | $710,358 | $346,032 |
| Property, plant & equipment (net) | $137,129 | $137,129 | $171,485 | $238,082 | $238,082 | $238,082 | $124,514 | $124,514 | $195,369 | $195,369 | $264,835 | $334,347 |
| Goodwill & intangible assets | $7.7M | $7.7M | $4.9M | $4.2M | $4.2M | $4.2M | $2.2M | $2.2M | $1.6M | $1.5M | $1.1M | $1.2M |
| Long-term investments | $0 | $5,596 | $0 | $0 | $6,029 | $0 | $5,902 | $0 | $5,820 | $0 | $5,660 | $0 |
| Other non-current assets | $15,568 | $9,972 | $4.1M | $658,290 | $652,261 | $658,290 | $662,974 | $668,875 | $680,090 | $813,910 | $358,690 | $425,119 |
| Total assets | $13.6M | $13.6M | $13.3M | $6.7M | $6.7M | $6.7M | $4.1M | $4.1M | $3.3M | $3.3M | $2.5M | $2.3M |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | $74,170 | $74,170 | — | — | — | — |
| Short-term debt | $473,600 | — | $503,192 | $524,190 | — | $784,606 | $517,133 | $720,844 | $581,400 | $581,400 | $595,241 | $613,722 |
| Deferred revenue | $144,698 | — | — | $354,127 | — | — | $331,535 | — | $84,426 | — | $83,045 | $191,047 |
| Total current liabilities | $1.3M | $1.3M | $957,426 | $1.5M | $1.5M | $1.5M | $1.3M | $1.3M | $1.1M | $1.1M | $997,906 | $1.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $106,978 | — | — | $167,723 | — | $34,213 | — | $84,883 | — | $134,478 | — |
| Other long-term liabilities | $1.2M | $1.2M | $30,955 | $269,852 | $269,852 | $269,852 | $333,488 | $333,487 | $244,417 | $244,417 | $209,209 | $280,230 |
| Total liabilities | $2.5M | $2.5M | $988,381 | $1.8M | $1.8M | $1.8M | $1.7M | $1.7M | $1.3M | $1.3M | $1.2M | $1.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $7,663 | — | $2,563 | $1,063 | — | $1,063 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | −$6.1M | −$6.1M | −$1.8M | $1.2M | $1.2M | $1.2M | $2.1M | $2.1M | $1.6M | $1.6M | $1.1M | $682,722 |
| Accumulated other comprehensive income | $124,013 | — | $489,944 | $138,918 | — | $138,917 | $133,413 | $133,413 | $131,100 | $131,100 | $123,932 | $127,558 |
| Total shareholders' equity | $11.2M | $11.2M | $12.3M | $4.9M | $4.9M | $4.9M | $2.4M | $2.4M | $2.0M | $2.0M | $1.3M | $811,973 |
| Key figures | ||||||||||||
| Total debt | $522,925 | — | $534,147 | $601,714 | — | $862,130 | $517,133 | $720,844 | $581,400 | $581,400 | $629,324 | $698,605 |
| Net cash (debt) | $2.3M | — | −$462,609 | −$351,402 | — | −$611,819 | −$508,934 | −$712,645 | −$568,617 | −$568,617 | −$486,784 | −$437,228 |
| Working capital | $4.5M | $4.5M | $3.2M | $66,210 | $66,210 | $66,210 | −$173,465 | −$173,465 | −$268,232 | −$268,232 | −$287,548 | −$875,448 |
| Tangible book value | $3.4M | $3.4M | $7.4M | $692,730 | $692,730 | $692,730 | $286,437 | $286,437 | $368,630 | $496,630 | $132,428 | −$396,212 |
| Book value per share | — | $3.84 | — | — | — | $0.24 | — | $0.12 | — | $0.10 | — | — |
| Shares outstanding | — | 2.9M | — | — | — | 20.6M | — | 20.0M | — | 20.0M | — | — |
| Current ratio | 4.59 | 4.59 | 4.30 | 1.04 | 1.04 | 1.04 | 0.87 | 0.87 | 0.75 | 0.75 | 0.71 | 0.28 |
| Quick ratio | 4.59 | 2.88 | 1.19 | 1.04 | 0.46 | 0.46 | 0.85 | 0.85 | 0.75 | 0.69 | 0.71 | 0.28 |
| Debt / equity | 0.05 | — | 0.04 | 0.12 | — | 0.18 | 0.21 | 0.29 | 0.29 | 0.29 | 0.49 | 0.86 |
| Equity / assets | 81.9% | 81.9% | 92.6% | 73.4% | 73.4% | 73.4% | 59.3% | 59.3% | 60.6% | 60.6% | 51.3% | 35.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 14, 2026); data from EODHD.
WCT financial position
At the end of fiscal 2025 (December 31, 2025), Wellchange had total assets of $13.6 million (up 103.4% from a year earlier), total liabilities of $2.5 million and shareholders' equity of $11.2 million. It held $2.8 million in cash and short-term investments against $0.5 million of debt, a net cash position of $2.3 million. Its current ratio was 4.59. In the latest quarter (ended March 31, 2026) total assets were $13.6 million and equity $11.2 million.
Related: WCT income statement, WCT cash flow statement, WCT key metrics. See the WCT stock overview for the latest quote and news.
WCT balance sheet FAQ
What are Wellchange's total assets?
Wellchange reported total assets of $13.6 million at the end of fiscal 2025 (December 31, 2025), compared with $6.7 million a year earlier.
How much debt does Wellchange have?
Wellchange had $0.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.05.
How much cash does Wellchange have?
Wellchange held $2.8 million in cash and short-term investments at the end of fiscal 2025; with $0.5 million of debt that is net cash of $2.3 million.
What is Wellchange's book value?
Wellchange's shareholders' equity (book value) was $11.2 million at the end of fiscal 2025.
What is Wellchange's current ratio?
Wellchange had current assets of $5.8 million and current liabilities of $1.3 million, a current ratio of 4.59 (it can cover its short-term obligations).
How much goodwill does Wellchange have?
Wellchange carried $7.7 million of goodwill and intangible assets, 56.6% of total assets, at the end of fiscal 2025.