Financial leverage is increasing as the company relies on $33.1 million in total debt to offset operational losses, contributing to a concerning negative retained earnings balance of $162.7 million.
| Total Current Assets | 176.84M | 140.37M | 82.59M | 77.2M | 161.27M | 68.3M |
| Cash & Short-Term Investments | 38.58M | 37M | 26.1M | 27.94M | 40.27M | 26.28M |
| Cash Only | 38.58M | 37M | 26.1M | 27.94M | 40.27M | 23.71M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 2.57M |
| Accounts Receivable | 84.54M | 63.47M | 44.74M | 37.05M | 96.8M | 37.8M |
| Days Sales Outstanding | 52.8 | 40.98 | 32.8 | 20.74 | 64.76 | 47.53 |
| Inventory | 0 | 0 | 0 | -3.75M | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 42.07M | 103.49K | 501.95K | 7.5M | 0 | 4.22M |
| Total Non-Current Assets | 50.5M | 43.99M | 17.86M | 48.22M | 9.58M | 9.54M |
| Property, Plant & Equipment | 20.51M | 17.54M | 10.12M | 34.02M | 7.62M | 7.67M |
| Fixed Asset Turnover | 28.50x | 32.23x | 49.21x | 19.17x | 71.63x | 37.87x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 5.49M | 2.09M | 1.99M | 757.96K | 920.91K | 873.4K |
| Long-Term Investments | 19.46M | 20.63M | 0 | 12.93M | 0 | 0 |
| Other Non-Current Assets | 7 | 0 | 2.06M | 501.07K | 898.87K | 0 |
| Total Assets | 227.35M | 184.37M | 100.45M | 125.42M | 170.84M | 77.85M |
| Asset Turnover | 2.57x | 3.07x | 4.96x | 5.20x | 3.19x | 3.73x |
| Asset Growth % | 23.31% | 83.54% | -19.91% | -26.59% | 119.46% | - |
| Total Current Liabilities | 117.48M | 96.16M | 109.61M | 76.85M | 147.68M | 68.23M |
| Accounts Payable | 39.1M | 44.7M | 46.47M | 25.57M | 102.88M | 41.36M |
| Days Payables Outstanding | 25.26 | 28.3 | 33.02 | 15.19 | 73.47 | 56.06 |
| Short-Term Debt | 24.69M | 21.39M | 33M | 15.4M | 20.47M | 9.1M |
| Deferred Revenue (Current) | 24.08M | 4.08M | 4.78M | 1.99M | 7.85M | 1.91M |
| Other Current Liabilities | 24.7M | 452.66K | 233.07K | 299.13K | 650.63K | 39.16K |
| Current Ratio | 1.51x | 1.46x | 0.75x | 1.00x | 1.09x | 1.00x |
| Quick Ratio | 1.51x | 1.46x | 0.75x | 1.05x | 1.09x | 1.00x |
| Cash Conversion Cycle | - | - | - | - | - | - |
| Total Non-Current Liabilities | 16.15M | 8.84M | 16.57M | 17.68M | 6.39M | 3.48M |
| Long-Term Debt | 4M | 0 | 3.66M | 4.4M | 3.85M | 0 |
| Capital Lease Obligations | 4.41M | 1.9M | 5.22M | 13.28M | 2.54M | 3.43M |
| Deferred Tax Liabilities | 799.41K | 0 | 760.81K | 0 | 0 | 0 |
| Other Non-Current Liabilities | 6.94M | 6.94M | 6.94M | 0 | 0 | 49.43K |
| Total Liabilities | 133.63M | 105M | 126.18M | 94.52M | 154.07M | 71.71M |
| Total Debt | 33.1M | 24.1M | 50.68M | 51.16M | 30.56M | 15.26M |
| Net Debt | -5.48M | -12.9M | 24.58M | 23.22M | -9.71M | -8.44M |
| Debt / Equity | 0.35x | 0.30x | - | 1.66x | 1.82x | 2.49x |
| Debt / EBITDA | - | - | - | 36.86x | 2.29x | 1.46x |
| Net Debt / EBITDA | - | - | - | 16.73x | -0.73x | -0.81x |
| Interest Coverage | -159.31x | -20.64x | -82.48x | 0.74x | 9.43x | 8.19x |
| Total Equity | 93.72M | 79.37M | -25.73M | 30.9M | 16.77M | 6.14M |
| Equity Growth % | 18.08% | 408.44% | -183.28% | 84.24% | 173.29% | - |
| Book Value per Share | 40.99 | 3.72 | -1.21 | 1.45 | 0.79 | 0.29 |
| Total Shareholders' Equity | 105.08M | 90.26M | -18.06M | 33.33M | 16.89M | 6.21M |
| Common Stock | 115.02K | 65.84K | 13.87K | 12.92K | 10.97K | 10.97K |
| Retained Earnings | -162.66M | -126.96M | -77.45M | -9.03M | 1.22M | -8.11M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -4.23M | -378.11K | -1.04M | 4.47M | 2.47M | 1.48M |
| Minority Interest | -11.36M | -10.89M | -7.68M | -2.43M | -117.24K | -77.34K |
Persistent negative retained earnings
As reported in financial statements, JYD's equity base has faced significant volatility, with retained earnings plummeting to negative $162.7 million by 2025Q4, signaling that the company's business model is currently failing to generate the internal capital necessary to sustain its long-term operational trajectory.
The persistent decline in retained earnings suggests that the company is consistently consuming shareholder value rather than creating it. Investors should monitor whether the recent equity infusions are being used to bridge structural operating deficits or if they are being deployed into growth initiatives that have yet to yield a return.
Based on recent SEC filings, JYD's debt levels have increased to $33.1 million in 2025Q4, representing a D/E ratio of 0.35, which indicates a growing reliance on external credit to fund operations as internal cash generation remains insufficient to cover ongoing business requirements.
While the current leverage ratio appears manageable in isolation, the combination of rising debt and negative operating margins warrants caution regarding the company's long-term solvency. The shift toward debt financing may imply that management is attempting to extend the liquidity runway, though this increases the interest burden on an already strained income statement.
According to the latest balance sheet data, JYD maintains a cash position of $38.6 million, yet the current ratio of 1.51 masks the underlying reality that the company's liquidity is being rapidly depleted by persistent operating losses and working capital requirements in the competitive logistics sector.
The current ratio provides a superficial sense of security, but the rapid burn rate observed in recent quarters suggests that this cash cushion may not be as durable as the headline figures imply. Without a pivot to positive operating cash flow, the company may face future liquidity constraints that could necessitate further dilutive financing.
As indicated by the company's reported figures, the presence of $24.1 million in deferred revenue alongside significant accounts receivable suggests that JYD's balance sheet is heavily distorted by the timing of cash collections and the recognition of service obligations in its high-volume, low-margin brokerage model.
The reliance on deferred revenue as a liability component may indicate that the company is collecting cash upfront for services that have yet to be fully executed, creating a potential mismatch between cash inflows and actual profitability. This structure makes the balance sheet highly sensitive to shifts in client demand and the timing of trade settlements.
Quick answers to the most common questions about buying JYD stock.
As of 2025, Jayud Global Logistics Limited (JYD) had total assets of $227.3M including $176.8M in current assets.
Jayud Global Logistics Limited (JYD) carries total debt of $33.1M, offset by $38.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Jayud Global Logistics Limited (JYD) has total shareholders' equity (book value) of $105.1M ($40.99 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Jayud Global Logistics Limited (JYD) reported a current ratio of 1.51x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.