The firm's financial stability is increasingly compromised, as evidenced by a current ratio that has plummeted to 0.41 as of 2025Q2, indicating insufficient short-term assets to cover immediate liabilities.
| Total Current Assets | 922.27M | 1.53B | 1.79B | 3.55B | 2.78B | 3.78B | 2.53B | 2.57B | 4.08B | 1.78B | 396.51M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | -1.11B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 11.6B | 8.73B | 13.23B | 12.82B | 11.7B | 10.6B | 9.7B | 10.46B | 15.28B | 16.44B | 7.41B |
| Property, Plant & Equipment | 195.27M | 189.58M | 212.53M | 35.99M | 32.06M | 19.24M | 24.18M | 47.33M | 19.17M | 22.47M | 18.68M |
| Fixed Asset Turnover | 1.77x | 3.30x | 7.53x | 51.05x | 57.52x | 71.34x | 75.84x | 65.53x | 223.42x | 152.09x | 69.92x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.07M | 0 | 3.08M | 3.01M | 3.49M | 4.01M | 3.23M | 3.74M | 4.18M | 3.34M | 3M |
| Long-Term Investments | 8.51B | 2.45B | 280.11M | 11.81B | 10.86B | 9.56B | 9.06B | 10.29B | 15.04B | 16.3B | 7.33B |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 12.52B | 10.26B | 15.03B | 16.36B | 14.48B | 14.39B | 12.23B | 13.03B | 19.35B | 18.22B | 7.81B |
| Asset Turnover | 0.03x | 0.06x | 0.11x | 0.11x | 0.13x | 0.10x | 0.15x | 0.24x | 0.22x | 0.19x | 0.17x |
| Asset Growth % | -64.67% | -31.75% | -8.17% | 13% | 0.67% | 17.6% | -6.09% | -32.7% | 6.25% | 133.35% | - |
| Total Current Liabilities | 2.23B | 3.31B | 7.08B | 7.16B | 168.42M | 91.39M | 564.57M | 976.17M | 4.31B | 3.62B | 219.49M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 2.23B | 3.31B | 5.35B | 7.11B | 112.64M | 45.25M | 508.58M | 870.78M | 4.21B | 3.51B | 141.68M |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 1.4B | 39.14M | 39.3M | 40.36M | 47.59M | 60.23M | 77.73M | 106.01M | 77.81M |
| Current Ratio | 0.41x | 0.46x | 0.25x | 0.50x | 16.52x | 41.39x | 4.49x | 2.63x | 0.95x | 0.49x | 1.81x |
| Quick Ratio | 0.41x | 0.46x | 0.25x | 0.50x | 16.52x | 41.39x | 4.49x | 2.63x | 0.95x | 0.49x | 1.81x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 6.26B | 3.36B | 3.89B | 5.19B | 10.38B | 10.48B | 7.93B | 8.45B | 12B | 12.77B | 6.47B |
| Long-Term Debt | 3.08B | 892.85M | 578.41M | 1.82B | 7.73B | 8.04B | 5.65B | 6.65B | 11.11B | 12.2B | 6.17B |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 8.49B | 6.67B | 10.97B | 12.36B | 10.54B | 10.57B | 8.49B | 9.43B | 16.31B | 16.38B | 6.69B |
| Total Debt | 5.31B | 4.22B | 5.95B | 8.96B | 7.87B | 8.1B | 6.18B | 7.56B | 15.32B | 15.71B | 6.31B |
| Net Debt | 4.39B | 3.88B | 4.2B | 6.41B | 5.71B | 5.71B | 4.1B | 5.72B | 11.98B | 14.37B | 6.02B |
| Debt / Equity | 1.32x | 1.18x | 1.47x | 2.23x | 2.00x | 2.12x | 1.65x | 2.10x | 5.03x | 8.58x | 5.64x |
| Debt / EBITDA | 26.89x | - | 99.53x | 43.19x | 45.01x | 83.03x | 36.61x | 10.33x | 13.09x | 19.17x | 21.41x |
| Net Debt / EBITDA | 22.22x | - | 70.18x | 30.89x | 32.65x | 58.56x | 24.31x | 7.82x | 10.23x | 17.53x | 20.44x |
| Interest Coverage | - | -0.14x | 0.06x | 0.28x | 0.22x | 0.12x | 0.22x | 0.55x | 0.60x | 0.57x | 0.65x |
| Total Equity | 4.03B | 3.58B | 4.06B | 4.01B | 3.94B | 3.82B | 3.74B | 3.6B | 3.05B | 1.83B | 1.12B |
| Equity Growth % | -2.51% | -11.7% | 1.21% | 1.81% | 3.13% | 2.06% | 3.97% | 18.16% | 66.31% | 63.7% | - |
| Book Value per Share | 11982.16 | 10448.58 | 1183.27 | 1109.05 | 1031.42 | 1000.93 | 981.16 | 980.67 | 876.84 | 550.17 | 363.67 |
| Total Shareholders' Equity | 4.03B | 3.58B | 4.06B | 4.01B | 3.89B | 3.82B | 3.74B | 3.6B | 3.05B | 1.83B | 1.12B |
| Common Stock | 917K | 917.32K | 916.74K | 916.74K | 916.74K | 916.74K | 916.74K | 916.74K | 916.74K | 0 | 0 |
| Retained Earnings | 3.11B | 2.67B | 3.14B | 3.1B | 2.96B | 2.82B | 2.76B | 2.66B | 2.13B | 1.27B | 733.92M |
| Treasury Stock | -122.9M | -124.76M | -122.9M | -118.32M | -87.63M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -8.01M | -13.57M | -8.82M | -9.34M | -10.21M | -25.39M | -18.46M | -2.12M | -4.57M | -4.47M | -1.67M |
| Minority Interest | 0 | 0 | 0 | 0 | 51.72M | 0 | 0 | 0 | 0 | 0 | 0 |
Collateral Liquidity and Solvency
As reported in recent financial filings, CNF's total assets have declined from $17.3 billion in 2024Q2 to $12.5 billion in 2025Q2, signaling a significant reduction in the firm's operational scale and a potential retreat from its core mortgage-backed lending activities in the Chinese market.
The consistent downward trend in total assets suggests that the company is struggling to maintain its footprint in the face of a challenging real estate environment. This contraction appears to be a defensive response to deteriorating credit conditions, yet it raises concerns regarding the firm's long-term viability as a going concern.
Based on the provided data, CNF's debt-to-equity ratio has fluctuated significantly, reaching 1.32 in 2025Q2, which reflects the company's reliance on external trust funding and the inherent instability of its capital structure during periods of severe revenue contraction and market-wide credit tightening.
The volatility in debt levels suggests that the company's access to capital is highly sensitive to the credit appetite of its trust partners. Investors should monitor whether this leverage is being managed strategically or if it represents a forced deleveraging process as collateral values continue to face downward pressure.
According to recent balance sheet disclosures, the current ratio has plummeted to 0.41 as of 2025Q2, indicating that the firm's short-term assets are increasingly insufficient to cover its immediate liabilities, which may severely limit its operational flexibility and ability to navigate further market shocks.
The sharp decline in the current ratio from historical highs suggests that the company's liquidity position has become precarious. This lack of a sufficient buffer may force management to prioritize debt servicing over operational investments, further hindering the firm's ability to pivot its business model.
Financial statements indicate that the company maintains $195.3 million in net PPE, yet the lack of transparency regarding the fair value of repossessed collateral suggests that headline asset figures may significantly overstate the true realizable value of the firm's holdings in a distressed market.
The reliance on property-backed assets in a declining real estate market creates a non-obvious risk where the book value of assets may not reflect their actual market liquidity. This discrepancy warrants further investigation into the impairment methodologies used by management to value these critical balance sheet components.
Quick answers to the most common questions about buying CNF stock.
As of 2025, CNFinance Holdings Limited (CNF) had total assets of $10.26B including $1.53B in current assets.
CNFinance Holdings Limited (CNF) carries total debt of $4.22B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
CNFinance Holdings Limited (CNF) has total shareholders' equity (book value) of $3.58B ($10448.58 book value per share). Book value represents the net worth of the company belonging to common stock holders.
CNFinance Holdings Limited (CNF) reported a current ratio of 0.46x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.