XCHG Limited American Depositary Share (XCH) Balance Sheet
XCH balance sheet, 2025
December 31, 2025 · U.S. dollars$42.7M assets = $24.8M liabilities + $17.9M equity
Both columns are drawn to the same scale: what XCH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
XCH financial health
Descriptive bands, not a rating. Fiscal 2025.
XCH balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $19.2M2021 | $42.7M2025 | +22.0%/yr | |
| Total liabilities | $49.9M2021 | $24.8M2025 | −16.1%/yr | |
| Shareholders’ equity | −$30.7M2021 | $17.9M2025 | — | |
| Cash & short-term investments | $4.8M2021 | $11.4M2025 | +24.1%/yr | |
| Total debt | $1.9M2021 | $8.2M2025 | +44.3%/yr | |
| Net cash (debt) | $2.9M2021 | $3.2M2025 | +$305,272 | |
| Working capital | $4.9M2021 | $13.6M2025 | +$8.7M | |
| Book value per share | −$10.352021 | $6.022025 | — | |
| Current ratio | 1.542021 | 1.582025 | +0.03 | |
| Debt / equity | 0.352024 | 0.462025 | +0.11 | |
| Shares outstanding | 3.0M2021 | 3.0M2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
XCH assets
XCH liabilities and equity
XCH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
XCH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $11.4M | $26.8M | $15.7M | $8.3M | $4.8M |
| Cash & equivalents | $11.4M | $26.8M | $15.7M | $8.3M | $4.8M |
| Receivables | $9.5M | $14.3M | $15.2M | $12.2M | $5.0M |
| Inventory | $9.4M | $7.7M | $6.7M | $6.2M | $3.2M |
| Other current assets | $6.8M | $5.6M | $2.2M | $1.4M | $968,079 |
| Total current assets | $37.1M | $54.4M | $39.7M | $28.2M | $14.0M |
| Property, plant & equipment (net) | $3.7M | $2.6M | $1.1M | $790,515 | $369,523 |
| Goodwill & intangible assets | $0 | $0 | $27,130 | $57,689 | $0 |
| Long-term investments | $106,704 | $104,335 | $105,892 | $107,687 | $0 |
| Other non-current assets | $1.7M | $0 | $0 | $0 | $4.9M |
| Total assets | $42.7M | $57.1M | $41.0M | $29.1M | $19.2M |
| Liabilities | |||||
| Accounts payable | $6.7M | $7.7M | $5.8M | $6.6M | $2.9M |
| Short-term debt | $7.0M | $9.1M | $18.4M | $4.4M | $1.9M |
| Deferred revenue | $4.1M | $3.2M | $1.3M | $2.8M | $1.7M |
| Total current liabilities | $23.5M | $26.2M | $30.7M | $18.0M | $9.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.8M | $1.6M | $466,098 | $525,960 | $91,493 |
| Other long-term liabilities | $1.3M | $1.4M | $40.3M | $39.2M | $40.9M |
| Total liabilities | $24.8M | $27.6M | $71.0M | $57.2M | $49.9M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $29,016 | $23,781 | $8,062 | $6,562 | $6,562 |
| Retained earnings (deficit) | −$84.9M | −$52.4M | −$40.4M | −$30.8M | −$30.9M |
| Accumulated other comprehensive income | $1.9M | $2.0M | $1.8M | $780,852 | −$1.8M |
| Total shareholders' equity | $17.9M | $29.5M | −$30.0M | −$28.0M | −$30.7M |
| Key figures | |||||
| Total debt | $8.2M | $10.4M | $18.5M | $4.6M | $1.9M |
| Net cash (debt) | $3.2M | $16.4M | −$2.9M | $3.7M | $2.9M |
| Working capital | $13.6M | $28.2M | $9.0M | $10.2M | $4.9M |
| Tangible book value | $17.9M | $29.5M | −$30.1M | −$28.1M | −$30.7M |
| Book value per share | $6.02 | $9.95 | −$10.13 | −$9.46 | −$10.35 |
| Shares outstanding | 3.0M | 3.0M | 3.0M | 3.0M | 3.0M |
| Current ratio | 1.58 | 2.08 | 1.29 | 1.57 | 1.54 |
| Quick ratio | 0.89 | 1.57 | 1.00 | 1.14 | 1.08 |
| Debt / equity | 0.46 | 0.35 | — | — | — |
| Equity / assets | 41.9% | 51.6% | −73.3% | −96.2% | −159.6% |
| Mar '26 | Dec '25 | Jun '25 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $11.4M | $11.4M | $16.3M | $24.3M | $12.8M | $15.7M | $16.4M | $7.3M | $8.3M |
| Cash & equivalents | $11.4M | $11.4M | $16.3M | $24.3M | $12.8M | $15.7M | $16.4M | $7.3M | $8.3M |
| Receivables | $9.5M | $7.0M | $11.6M | $6.1M | $17.8M | $15.2M | $11.0M | $12.6M | $12.2M |
| Inventory | $9.4M | $9.4M | $9.7M | $7.5M | $6.5M | $6.7M | $5.1M | $3.9M | $6.2M |
| Other current assets | $6.8M | $9.3M | $5.3M | $3.4M | $3.3M | $2.2M | $2.7M | $2.2M | $1.4M |
| Total current assets | $37.1M | $37.1M | $42.9M | $41.2M | $40.4M | $39.7M | $35.1M | $25.9M | $28.2M |
| Property, plant & equipment (net) | $3.7M | $3.7M | $4.3M | $2.7M | $1.2M | $1.1M | $1.0M | $1.1M | $790,515 |
| Goodwill & intangible assets | $0 | $0 | $0 | $12,256 | $19,697 | $27,130 | $34,063 | $41,099 | $57,689 |
| Long-term investments | $0 | $106,704 | $104,769 | $105,237 | $104,441 | $105,892 | $104,460 | $103,795 | $107,687 |
| Other non-current assets | $1.8M | $1.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $42.7M | $42.7M | $47.4M | $44.0M | $41.8M | $41.0M | $36.3M | $27.2M | $29.1M |
| Liabilities | |||||||||
| Accounts payable | $6.7M | $6.7M | $6.4M | $5.7M | $4.6M | $5.8M | $4.3M | $5.1M | $6.6M |
| Short-term debt | $7.0M | — | $6.9M | $9.5M | $9.6M | $18.4M | $17.1M | $4.8M | $4.4M |
| Deferred revenue | $4.1M | — | $2.9M | $2.8M | $1.9M | $1.3M | $1.2M | $1.2M | $2.8M |
| Total current liabilities | $23.5M | $23.5M | $20.5M | $23.3M | $21.1M | $30.7M | $26.3M | $14.3M | $18.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $1.8M | $2.3M | $1.8M | $649,077 | $466,098 | $502,976 | $543,497 | $525,960 |
| Other long-term liabilities | $1.3M | $1.3M | $1.8M | $51.7M | $50.4M | $40.3M | $38.3M | $38.8M | $39.2M |
| Total liabilities | $24.8M | $24.8M | $22.3M | $75.0M | $71.5M | $71.0M | $64.7M | $53.1M | $57.2M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $29,016 | — | $23,781 | $8,062 | $8,062 | $8,062 | $8,062 | $6,562 | $6,562 |
| Retained earnings (deficit) | −$84.9M | −$84.9M | −$59.7M | −$40.7M | −$39.7M | −$40.4M | −$38.9M | −$29.7M | −$30.8M |
| Accumulated other comprehensive income | $1.9M | — | $1.9M | $1.9M | $1.8M | $1.8M | $1.4M | $1.7M | $780,852 |
| Total shareholders' equity | $17.9M | $17.9M | $25.0M | −$31.0M | −$29.7M | −$30.0M | −$28.4M | −$25.9M | −$28.0M |
| Key figures | |||||||||
| Total debt | $8.2M | — | $8.6M | $10.7M | $9.8M | $18.5M | $17.3M | $5.0M | $4.6M |
| Net cash (debt) | $3.2M | — | $7.7M | $13.6M | $2.9M | −$2.9M | −$925,322 | $2.3M | $3.7M |
| Working capital | $13.6M | $13.6M | $22.4M | $17.9M | $19.4M | $9.0M | $8.8M | $11.6M | $10.2M |
| Tangible book value | $17.9M | $17.9M | $25.0M | −$31.0M | −$29.7M | −$30.1M | −$28.4M | −$25.9M | −$28.1M |
| Book value per share | — | — | — | −$10.44 | −$10.01 | −$10.13 | −$9.56 | −$8.73 | −$9.46 |
| Shares outstanding | — | — | — | 3.0M | 3.0M | 3.0M | 3.0M | 3.0M | 3.0M |
| Current ratio | 1.58 | 1.58 | 2.09 | 1.77 | 1.92 | 1.29 | 1.34 | 1.81 | 1.57 |
| Quick ratio | 0.89 | 0.78 | 1.36 | 1.30 | 1.45 | 1.00 | 1.04 | 1.39 | 1.14 |
| Debt / equity | 0.46 | — | 0.34 | — | — | — | — | — | — |
| Equity / assets | 41.9% | 41.9% | 52.8% | −70.4% | −71.1% | −73.3% | −78.1% | −95.2% | −96.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 27, 2026); data from EODHD.
XCH financial position
At the end of fiscal 2025 (December 31, 2025), XCHG Limited American Depositary Share had total assets of $42.7 million (down 25.3% from a year earlier), total liabilities of $24.8 million and shareholders' equity of $17.9 million. It held $11.4 million in cash and short-term investments against $8.2 million of debt, a net cash position of $3.2 million. Its current ratio was 1.58. In the latest quarter (ended March 31, 2026) total assets were $42.7 million and equity $17.9 million.
Related: XCH income statement, XCH cash flow statement, XCH key metrics. See the XCH stock overview for the latest quote and news.
XCH balance sheet FAQ
What are XCHG Limited American Depositary Share's total assets?
XCHG Limited American Depositary Share reported total assets of $42.7 million at the end of fiscal 2025 (December 31, 2025), compared with $57.1 million a year earlier.
How much debt does XCHG Limited American Depositary Share have?
XCHG Limited American Depositary Share had $8.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.46.
How much cash does XCHG Limited American Depositary Share have?
XCHG Limited American Depositary Share held $11.4 million in cash and short-term investments at the end of fiscal 2025; with $8.2 million of debt that is net cash of $3.2 million.
What is XCHG Limited American Depositary Share's book value?
XCHG Limited American Depositary Share's shareholders' equity (book value) was $17.9 million at the end of fiscal 2025, or $6.02 per share.
What is XCHG Limited American Depositary Share's current ratio?
XCHG Limited American Depositary Share had current assets of $37.1 million and current liabilities of $23.5 million, a current ratio of 1.58 (it can cover its short-term obligations).