The company's equity position has eroded from $4.5 million in 2025Q3 to $2.7 million in 2026Q3, indicating a shrinking capital buffer for future strategic maneuvers.
| Metric | TTM | Jul'25 | Jul'24 | Jul'23 | Jul'22 | Jul'21 | Jul'20 | Jul'19 | Jul'18 | Jul'17 | Jul'16 | Jul'15 | Jul'14 | Jul'13 | Jul'12 |
|---|
| Cash & Short Term Investments | 5.52M | 2.41M | 413.13K | 256.34K | 9K | 9K | 3.95K | 3.97K | 2K | 2.36K | 0 | 1.47K | 77.43K | 1.67K | 24.23K |
| Cash & Due from Banks | 718.2K | 2.41M | 413.13K | 256.34K | 9K | 9K | 3.95K | 3.97K | 2K | 2.36K | 0 | 1.47K | 77.43K | 1.67K | 24.23K |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 0 | 0 | 0 | 50K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments Growth % | 0% | - | - | -100% | - | - | - | - | - | - | - | - | - | - | - |
| Long-Term Investments | 0 | 0 | 0 | 0 | 50K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivables | 957.88K | 0 | 0 | 0 | 737.66K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 74.29K | 119.55K | 0 | 6.44K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15K |
| Other Assets | 21.52K | 23.17K | 1.66K | 1.54K | -48.56K | 0 | 0 | 0 | 0 | 0 | 0 | 3.83K | 0 | 0 | 0 |
| Total Current Assets | 2.69M | 3M | 910.3K | 312.23K | 22.25K | 22.25K | 17.95K | 16K | 6K | 2.36K | 31.61K | 182.51K | 77.43K | 1.67K | 24.23K |
| Total Non-Current Assets | 95.81K | 142.72K | 1.66K | 7.98K | 1.44K | 0 | 0 | 0 | 0 | 0 | 0 | 3.83K | 0 | 0 | 15K |
| Total Assets | 2.78M | 3.15M | 911.96K | 320.2K | 22.25K | 22.25K | 17.95K | 16K | 6K | 2.36K | 31.61K | 182.51K | 77.43K | 1.67K | 39.23K |
| Asset Growth % | 705.02% | 244.97% | 184.81% | 1339.12% | 0% | 23.95% | 12.21% | 166.63% | 154.24% | -92.53% | -82.68% | 135.72% | 4525.21% | -95.73% | - |
| Return on Assets (ROA) | -71.53% | -132.4% | 8.84% | -199.15% | 647.86% | -370.06% | -435.05% | -800.28% | -2314.52% | 223.02% | -638.89% | -784.3% | -897.6% | -342.78% | -25.49% |
| Accounts Payable | 0 | 18.55K | 0 | 779 | 444.94K | 9.9K | 7.76K | 7.17K | 2.66K | 11.5K | 74.04K | 0 | 6.3K | 6.4K | 19.65K |
| Total Debt | 71.9K | 119.31K | 2.27K | 6.44K | 194.89K | 194.89K | 333.17K | 185.71K | 92.2K | 0 | 71.82K | 0 | 0 | 0 | 0 |
| Net Debt | -646.3K | -2.29M | -413.13K | -249.91K | 185.89K | 185.89K | 329.21K | 181.74K | 90.2K | -2.36K | 71.82K | -1.47K | -77.43K | -1.67K | -24.23K |
| Long-Term Debt | 11.39K | 61.4K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 60.51K | 57.9K | 2.27K | 0 | 194.89K | 333.17K | 0 | 185.71K | 92.2K | 0 | 71.82K | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 92.65K | 97.65K | 121.95K | 596.77K | 245.39K | 245.39K | 343.06K | 192.88K | 94.86K | 11.5K | 458.59K | 100K | 60.57K | 12.22K | 20.47K |
| Total Non-Current Liabilities | 11.39K | 61.4K | 0 | 2.07K | 0 | 194.89K | 0 | 0 | 94.86K | 11.5K | 74.04K | 8.61K | 6.3K | 6.4K | 19.65K |
| Total Liabilities | 104.04K | 159.05K | 121.95K | 598.84K | 245.39K | 245.39K | 343.06K | 192.88K | 94.86K | 11.5K | 458.59K | 100K | 60.57K | 12.22K | 20.47K |
| Total Equity | 2.68M | 2.99M | 790.01K | -278.63K | -215.95K | -223.14K | -325.11K | -176.88K | -88.86K | -9.14K | -426.98K | 82.51K | 16.85K | -10.55K | 18.76K |
| Equity Growth % | 867.85% | 278.09% | 383.53% | -29.03% | 3.22% | 31.37% | -83.8% | -99.06% | -872.37% | 97.86% | -617.52% | 389.59% | 259.73% | -156.25% | - |
| Equity / Assets (Capital Ratio) | 96.26% | 94.94% | 86.63% | -87.02% | -970.56% | -1002.86% | -1811.1% | -1105.63% | -1480.92% | -387.2% | -1350.82% | 45.21% | 21.77% | -630.23% | 47.81% |
| Return on Equity (ROE) | -76.76% | -142.25% | 21.3% | - | - | - | - | - | - | - | - | -2051.87% | -11266.26% | -1708.65% | -53.32% |
| Book Value per Share | 0.74 | 1.37 | 0.52 | -0.59 | -0.62 | -0.63 | -0.45 | -0.24 | -0.12 | -0.05 | -4.45 | 1.06 | 0.22 | -0.18 | 0.88 |
| Tangible BV per Share | 0.74 | 1.37 | 0.52 | -0.59 | -0.62 | -0.63 | -0.45 | -0.24 | -0.12 | -0.05 | -4.45 | 1.06 | 0.22 | -0.18 | 0.88 |
| Common Stock | 361 | 1.65K | 1.48K | 590 | 245 | 245 | 245 | 505 | 505 | 505 | 2.78K | 2.71K | 5.28K | 5.22K | 2.7K |
| Additional Paid-in Capital | 6.13M | 5.85M | 962.42K | 4.98K | 82.73K | 1.13M | 1.13M | 1.13M | 1.13M | 1.11M | 753.58K | 269.25K | 298.69K | 62.74K | 24.46K |
| Retained Earnings | -3.48M | -2.86M | -222.07K | -276.52K | -1.7M | -1.7M | -1.45M | -1.3M | -1.22M | -1.12M | -1.16M | -1.45M | -433.95K | -78.51K | -8.4K |
| Accumulated OCI | 0 | 0 | 0 | -8 | -50K | 0 | 0 | 0 | 0 | 0 | -23.09K | -31.04K | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 8 | 8 | 8 | 50K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Insolvency and delisting risk
As reported in financial statements, CIIT's total assets have fluctuated between $0.78 million and $4.5 million over the last ten quarters, suggesting that the balance sheet is primarily a repository for residual capital rather than a foundation for meaningful, organic business expansion or long-term asset growth.
The volatility in total assets appears to reflect the company's transition into a shell status rather than a deliberate strategy of capital accumulation. Investors should monitor whether these assets are being preserved for a potential reverse merger or if they are being steadily eroded by ongoing administrative and listing-related overhead.
Based on reported figures, the company's equity position has declined from a peak of $4.5 million in 2025Q3 to $2.7 million by 2026Q3, indicating that the capital buffer available to support future strategic transactions is shrinking as the entity continues to operate with negative profitability.
The equity-to-assets ratio, which currently sits at 0.96, suggests that the company is almost entirely funded by equity with negligible leverage. While this lack of debt may appear conservative, it also implies that the company lacks the financial flexibility to leverage its balance sheet for growth without significant dilution.
According to recent SEC filings, CIIT's cash and bank balances have dropped from $3.6 million in 2025Q3 to $718.2K in 2026Q3, highlighting a precarious liquidity position that may limit the company's ability to maintain its listing status or pursue a viable merger target in the near term.
The rapid decline in cash reserves suggests that the company is burning through its primary liquid assets to cover fixed costs. This trend warrants further investigation into how long the current cash pile can sustain operations before the company is forced to seek external financing or face insolvency.
As indicated by the historical balance sheet data, the consistent recording of significant provision expenses, such as the $3.6 million in 2026Q3, suggests that the reported asset values may be subject to further downward revisions if the underlying assets are deemed to be impaired or non-recoverable.
The disconnect between the company's reported asset base and its inability to generate positive cash flow suggests that the balance sheet may be masking underlying operational distress. Investors should be wary that the book value of assets may not reflect their true market value in a liquidation or merger scenario.
Quick answers to the most common questions about buying CIIT stock.
As of 2025, Tianci International, Inc. (CIIT) had total assets of $3.1M including $3.0M in current assets.
Tianci International, Inc. (CIIT) carries total debt of $0.1M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Tianci International, Inc. (CIIT) has total shareholders' equity (book value) of $3.0M ($1.37 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Tianci International, Inc. (CIIT) reported a current ratio of 30.75x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.