The company's financial position is increasingly fragile, evidenced by a massive $508.5 million retained earnings deficit and a debt-to-equity ratio of 0.74 that masks significant operational distress.
| Total Current Assets | 10.49M | 10.87M | 11.64M | 12.51M | 15.82M | 59.63M | 64.92M |
| Cash & Short-Term Investments | 4.2M | 831K | 1.12M | 4.83M | 3.31M | 26.8M | 43.11M |
| Cash Only | 4.2M | 831K | 1.12M | 4.83M | 3.31M | 26.8M | 18.19M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 24.93M |
| Accounts Receivable | 2.93M | 2.57M | 2.97M | 2.29M | 8.05M | 2.38M | 24M |
| Days Sales Outstanding | 13.5 | 98.91 | 15.79 | 12.83 | 28.7 | 7.66 | 72.88 |
| Inventory | 80K | 80K | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 0.62 | 6.82 | - | - | - | - | - |
| Other Current Assets | 3.29M | 7.26M | 7.33M | 5.24M | 4.37M | 30.35M | -5.23M |
| Total Non-Current Assets | 9.57M | 9.93M | 5.73M | 8.05M | 9.69M | 92.57M | 95.75M |
| Property, Plant & Equipment | 7.02M | 7.3M | 3.92M | 4.9M | 7.18M | 23.44M | 60.91M |
| Fixed Asset Turnover | 10.82x | 1.30x | 17.48x | 13.27x | 14.25x | 4.83x | 1.97x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 3.94M |
| Intangible Assets | 1.63M | 1.66M | 1.32M | 522K | 537K | 1.22M | 8.65M |
| Long-Term Investments | 279K | 0 | 279K | 0 | 0 | 0 | 1.74M |
| Other Non-Current Assets | 924K | 969K | 207K | 2.63M | 1.97M | 67.88M | 19.55M |
| Total Assets | 20.06M | 20.8M | 17.37M | 20.57M | 25.52M | 152.2M | 160.67M |
| Asset Turnover | 3.25x | 0.46x | 3.95x | 3.16x | 4.01x | 0.74x | 0.75x |
| Asset Growth % | -88.24% | 19.72% | -15.54% | -19.4% | -83.24% | -5.27% | - |
| Total Current Liabilities | 4.15M | 4.94M | 6.85M | 9.79M | 11.9M | 93.92M | 98.51M |
| Accounts Payable | 837K | 1.61M | 749K | 1.39M | 2.39M | 2.85M | 2.97M |
| Days Payables Outstanding | 10.01 | 137.09 | 8.5 | 10.69 | 8.7 | 10.62 | 10.28 |
| Short-Term Debt | 1.98M | 500K | 2.7M | 3.94M | 3.74M | 916.36K | 1.53M |
| Deferred Revenue (Current) | 210K | 262K | 436K | 544K | 764K | 856.75K | 25.75M |
| Other Current Liabilities | 1.33M | 69K | 10K | 21K | 172K | 82.71M | 666.13K |
| Current Ratio | 2.53x | 2.20x | 1.70x | 1.28x | 1.33x | 0.63x | 0.66x |
| Quick Ratio | 2.51x | 2.19x | 1.70x | 1.28x | 1.33x | 0.63x | 0.66x |
| Cash Conversion Cycle | 4.11 | -31.36 | - | - | - | - | - |
| Total Non-Current Liabilities | 7.21M | 7.61M | 3.79M | 4.35M | 5.74M | 35.27M | 40.56M |
| Long-Term Debt | 4.46M | 2.7M | 0 | 0 | 0 | 0 | 1.47M |
| Capital Lease Obligations | 9.64M | 4.74M | 3.79M | 4.35M | 5.74M | 19.42M | 33.72M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.74M | 167K | 0 | 0 | 33.61M | 15.85M | 5.37M |
| Total Liabilities | 11.36M | 12.55M | 10.63M | 14.14M | 17.65M | 129.19M | 139.07M |
| Total Debt | 6.45M | 9.72M | 8.84M | 10.77M | 11.7M | 24.67M | 44.94M |
| Net Debt | 2.24M | 8.89M | 7.72M | 5.94M | 8.39M | 20.47M | 26.75M |
| Debt / Equity | 0.74x | 1.18x | 1.31x | 1.68x | 1.49x | 1.07x | 2.08x |
| Debt / EBITDA | -1.57x | 9.95x | - | - | - | - | - |
| Net Debt / EBITDA | -0.55x | 9.10x | - | - | - | - | - |
| Interest Coverage | -22.48x | - | -83.65x | -536.07x | -603.04x | -46.93x | -34.07x |
| Total Equity | 8.71M | 8.25M | 6.74M | 6.43M | 7.87M | 23.01M | 21.61M |
| Equity Growth % | -170.28% | 22.46% | 4.81% | -18.29% | -65.81% | 6.51% | - |
| Book Value per Share | 3.05 | 2.86 | 47.17 | 45.64 | 63.63 | 197.30 | 194.77 |
| Total Shareholders' Equity | 8.71M | 8.25M | 6.74M | 6.43M | 7.87M | 22.94M | 21.91M |
| Common Stock | 0 | 159K | 159K | 159K | 144K | 138.84K | 135.31K |
| Retained Earnings | -508.54M | -508.97M | -510.32M | -510.63M | -507.46M | -535.88M | -523.34M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -128K | -128K | -128K | -128K | 0 | 2.37M | 2.5M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 76.09K | -301.23K |
Imminent liquidity and insolvency
As reported in recent financial filings, Ambow's total assets have plummeted from over $971 million in 2021 to just $20.1 million in 2026Q1, signaling a severe and ongoing erosion of the company's operational footprint following the regulatory restructuring of the Chinese education sector.
The dramatic reduction in total assets suggests that the company has undergone a forced liquidation of its former scale, leaving behind a significantly smaller and more fragile entity. Investors should monitor whether this trajectory represents a bottoming out or a continued slide toward further asset impairment.
Based on the most recent quarterly data, Ambow's cash and equivalents have dwindled to $4.2 million, which, when viewed against the company's high fixed-cost structure, suggests an extremely limited liquidity buffer that warrants immediate concern regarding the firm's ability to sustain ongoing operations.
While the current ratio of 2.53 appears superficially adequate, the absolute level of cash is insufficient to support the company's remaining physical school operations for an extended period. This liquidity position implies that the firm may be forced to seek dilutive financing or further asset sales to remain solvent.
According to the latest balance sheet, the company maintains a debt-to-equity ratio of 0.74, which, while appearing manageable in isolation, must be interpreted in the context of a severely diminished equity base and the company's inability to generate consistent operating cash flow.
The presence of $6.4 million in debt on a shrinking asset base suggests that the company's leverage is a necessity-driven burden rather than a strategic tool. The lack of meaningful cash generation makes even this moderate level of debt a significant risk factor for potential default.
As indicated by the reported figures, the company's retained earnings deficit of $508.5 million highlights a massive, long-term destruction of shareholder value that makes the current book equity of $8.7 million appear potentially overstated and highly sensitive to further write-downs.
The persistent negative retained earnings suggest that the company has been unable to achieve sustainable profitability for years, casting doubt on the quality of the remaining assets. Investors should be wary that the current equity value may not reflect the true economic reality of the business's ongoing viability.
Quick answers to the most common questions about buying AMBO stock.
As of 2025, Ambow Education Holding Ltd. (AMBO) had total assets of $20.8M including $10.9M in current assets.
Ambow Education Holding Ltd. (AMBO) carries total debt of $9.7M, offset by $0.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Ambow Education Holding Ltd. (AMBO) has total shareholders' equity (book value) of $8.3M ($2.86 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Ambow Education Holding Ltd. (AMBO) reported a current ratio of 2.20x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.