The company maintains a conservative capital structure with a debt-to-equity ratio of 0.29 as of 2025Q4, providing a modest buffer against industrial volatility.
| Total Current Assets | 70.29M | 77.47M | 80.24M | 64.4M | 77.08M | 47.35M | 47.93M | 57.18M | 59.69M |
| Cash & Short-Term Investments | 9.73M | 18.12M | 20.19M | 13.2M | 15.35M | 796.79K | 1.06M | 1.31M | 3.77M |
| Cash Only | 9.63M | 18.12M | 20.19M | 13.2M | 15.35M | 796.79K | 1.06M | 1.31M | 3.77M |
| Short-Term Investments | 100.16K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 34.22M | 27.32M | 30.46M | 21.62M | 28.35M | 18.46M | 20.51M | 24.11M | 21.73M |
| Days Sales Outstanding | 198.61 | 134.24 | 131.85 | 103.34 | 147.29 | 113.96 | 114.27 | 145.76 | 160.56 |
| Inventory | 26.34M | 23.31M | 26.71M | 24.87M | 22.72M | 20.84M | 17.85M | 22.14M | 34.19M |
| Days Inventory Outstanding | 171.35 | 127.09 | 135.43 | 139.15 | 140.74 | 156.91 | 127.98 | 171.43 | 314.13 |
| Other Current Assets | 0 | 4.41M | 769.23K | 4.72M | 1.3M | 7.25M | 8.52M | 9.61M | 19.7M |
| Total Non-Current Assets | 38.11M | 26.12M | 22.77M | 20.23M | 23.17M | 21.78M | 20.84M | 18.77M | 19.52M |
| Property, Plant & Equipment | 15.32M | 8.05M | 5.35M | 5.99M | 7.21M | 6.69M | 6.48M | 3.49M | 3.77M |
| Fixed Asset Turnover | 4.11x | 9.23x | 15.75x | 12.75x | 9.74x | 8.84x | 10.11x | 17.28x | 13.11x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 4.21M | 4.37M | 4.31M | 1.07M | 1.23M | 1.2M | 1.17M | 1.25M | 1.32M |
| Long-Term Investments | 11.82M | 13.01M | 12.52M | 12.84M | 14.17M | 13.45M | 12.78M | 13.3M | 13.72M |
| Other Non-Current Assets | 5.71M | 138.34K | 198.19K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 108.4M | 103.59M | 103.01M | 84.64M | 100.25M | 69.12M | 68.77M | 75.94M | 79.21M |
| Asset Turnover | 0.58x | 0.72x | 0.82x | 0.90x | 0.70x | 0.86x | 0.95x | 0.80x | 0.62x |
| Asset Growth % | 4.64% | 0.57% | 21.71% | -15.57% | 45.02% | 0.51% | -9.44% | -4.12% | - |
| Total Current Liabilities | 24.31M | 23.83M | 22.61M | 25.7M | 48.77M | 43.33M | 47.57M | 59.33M | 67.21M |
| Accounts Payable | 2.71M | 1.89M | 7.13M | 3.36M | 1.71M | 1.86M | 1.12M | 1.18M | 8.54M |
| Days Payables Outstanding | 17.63 | 10.3 | 36.14 | 18.79 | 10.62 | 13.97 | 8.06 | 9.16 | 78.43 |
| Short-Term Debt | 14.31M | 14.59M | 6.12M | 12.44M | 35.77M | 32.74M | 35.19M | 47.32M | 47.93M |
| Deferred Revenue (Current) | 1.32M | 1.55M | 3.41M | 4.4M | 4.67M | 1.52M | 1.22M | 5.53M | 2.3M |
| Other Current Liabilities | 896.68K | 0 | 502.1K | 4.06M | 4.57M | 5.64M | 8.15M | 4.17M | 2.55M |
| Current Ratio | 2.89x | 3.25x | 3.55x | 2.51x | 1.58x | 1.09x | 1.01x | 0.96x | 0.89x |
| Quick Ratio | 1.81x | 2.27x | 2.37x | 1.54x | 1.11x | 0.61x | 0.63x | 0.59x | 0.38x |
| Cash Conversion Cycle | 352.33 | 251.03 | 231.14 | 223.7 | 277.42 | 256.9 | 234.19 | 308.04 | 396.26 |
| Total Non-Current Liabilities | 8.28M | 1.45M | 5.72M | 9.3M | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 8.03M | 0 | 5.4M | 9.3M | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 255.34K | 308.91K | 317.68K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 32.59M | 25.28M | 28.33M | 35M | 48.77M | 43.33M | 47.57M | 59.33M | 67.21M |
| Total Debt | 22.34M | 14.59M | 11.52M | 21.74M | 35.77M | 32.74M | 35.19M | 47.32M | 47.93M |
| Net Debt | 12.71M | -3.53M | -8.67M | 8.54M | 20.42M | 31.94M | 34.13M | 46.01M | 44.16M |
| Debt / Equity | 0.29x | 0.19x | 0.15x | 0.44x | 0.69x | 1.27x | 1.66x | 2.85x | 3.99x |
| Debt / EBITDA | - | - | 3.62x | 5.86x | 10.69x | 6.28x | 3.90x | 5.30x | 7.96x |
| Net Debt / EBITDA | - | - | -2.73x | 2.30x | 6.10x | 6.13x | 3.78x | 5.16x | 7.34x |
| Interest Coverage | - | - | 12.87x | 2.30x | 2.20x | 2.65x | 4.00x | 4.16x | - |
| Total Equity | 75.81M | 78.32M | 74.68M | 49.63M | 51.48M | 25.79M | 21.21M | 16.62M | 12M |
| Equity Growth % | -3.2% | 4.87% | 50.47% | -3.58% | 99.62% | 21.6% | 27.61% | 38.51% | - |
| Book Value per Share | 5.31 | 5.49 | 5.28 | 3.75 | 4.25 | 1.90 | 2.12 | 1.26 | 1.20 |
| Total Shareholders' Equity | 75.51M | 78M | 74.41M | 49.38M | 51.21M | 25.56M | 21.03M | 16.49M | 11.91M |
| Common Stock | 2.86K | 2.86K | 2.85K | 2.65K | 2.63K | 2K | 2K | 2K | 2K |
| Retained Earnings | 6.31M | 7.7M | 6.68M | 3.8M | 2.12M | -159.19K | -3.48M | -8.87M | -14.07M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.84M | 2.97M | 445.74K | 1.37M | 4.88M | 3.19M | 1.98M | 2.83M | 3.45M |
| Minority Interest | 298K | 314.21K | 274.82K | 250.43K | 264.51K | 224.41K | 178.6K | 132.71K | 86.51K |
Cyclical demand and liquidity
As reported in financial statements, HUDI has maintained a relatively stable equity base of $75.5 million in 2025Q4, despite a persistent revenue decline that suggests the company is currently struggling to translate its historical asset accumulation into meaningful growth within the competitive Chinese steel manufacturing sector.
The company's total assets have fluctuated within a narrow band, suggesting that management has avoided aggressive expansion during this period of top-line weakness. This conservative posture appears to be a defensive measure, though it leaves the firm with limited momentum to capture market share when industrial demand eventually recovers.
Based on the company's reported figures, HUDI maintains a modest debt-to-equity ratio of 0.29 as of 2025Q4, which indicates a disciplined approach to capital structure that provides a necessary buffer against the volatility inherent in the cyclical stainless steel pipe and tube manufacturing industry.
The low leverage profile suggests that the firm is not currently burdened by significant interest obligations, which is a critical advantage given the recent shift to negative operating margins. Investors should monitor whether this debt capacity is utilized for strategic pivots or if it remains dormant while operational losses persist.
According to recent SEC filings, HUDI's cash position has declined to $9.6 million in 2025Q4, representing a significant reduction from the $20.2 million reported in 2023Q4, which warrants close investigation as the company continues to navigate a period of negative cash flow and contracting industrial demand.
While the current ratio of 2.89 remains technically healthy, the rapid depletion of cash reserves suggests that the company's liquidity is being consumed by ongoing operational deficits. The firm's ability to sustain its current business model without external financing appears increasingly dependent on a swift reversal in its negative operating margin trend.
Financial data indicates that HUDI's PPE net value has increased to $15.3 million in 2025Q4, a trend that may be misleading if the underlying assets are not generating sufficient returns to justify their carrying value in a market characterized by declining industrial output and pricing pressure.
The accumulation of fixed assets during a period of revenue contraction raises concerns regarding potential future impairment risks if the company cannot improve its capacity utilization. Analysts should scrutinize whether these investments are truly enhancing technical capabilities or merely inflating the balance sheet with underutilized manufacturing capacity.
Quick answers to the most common questions about buying HUDI stock.
As of 2025, Huadi International Group Co., Ltd. (HUDI) had total assets of $108.4M including $70.3M in current assets.
Huadi International Group Co., Ltd. (HUDI) carries total debt of $22.3M, offset by $9.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Huadi International Group Co., Ltd. (HUDI) has total shareholders' equity (book value) of $75.5M ($5.31 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Huadi International Group Co., Ltd. (HUDI) reported a current ratio of 2.89x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.