The balance sheet reflects technical insolvency, as evidenced by the decline in equity to negative $23.5 million and a current ratio that has fallen to 0.75.
| Total Current Assets | 122.35M | 85.37M | 72.78M | 122.35M | 351.77M | 474.57M | 213.53M | 213.22M | 198.71M | 144.81M | 92.97M | 37.89M |
| Cash & Short-Term Investments | 22.4M | 12.77M | 16.99M | 22.4M | 69.14M | 72.61M | 91.43M | 107.94M | 109.8M | 65.02M | 64.91M | 26.54M |
| Cash Only | 18.18M | 8.17M | 12.46M | 18.18M | 65.06M | 61.19M | 20.9M | 87.32M | 109.8M | 65.02M | 64.91M | 26.54M |
| Short-Term Investments | 4.22M | 4.6M | 4.53M | 4.22M | 4.08M | 11.42M | 70.52M | 20.62M | 0 | 0 | 0 | 0 |
| Accounts Receivable | 20.09M | 34.72M | 49.92M | 20.09M | 21.4M | 107.27M | 115.21M | 83.19M | 72.88M | 66.17M | 18.83M | 9.57M |
| Days Sales Outstanding | 65.7 | 180.55 | 73.23 | 16.65 | 15.44 | 83.82 | 109.84 | 84.87 | 103.23 | 139.41 | 79.39 | 118.02 |
| Inventory | 0 | 0 | 0 | 0 | 399.44K | 1.96M | 4.63M | 19.25M | 6.13M | 1.12M | 604.98K | 203.82K |
| Days Inventory Outstanding | 3.08 | - | - | - | 0.29 | 1.96 | 6.48 | 30.93 | 15.1 | 3.53 | 5.92 | 6.42 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 4.49M | 1.86M | 2.34M | 2.44M | 4.32M | 2.53M | 941.18K |
| Total Non-Current Assets | 29.34M | 19.91M | 28.93M | 29.34M | 375.55M | 384.03M | 225.93M | 146.59M | 89.69M | 60.56M | 19.48M | 4.53M |
| Property, Plant & Equipment | 7.82M | 999.58K | 1.81M | 7.82M | 153.88K | 514.13K | 2.87M | 6.9M | 1.3M | 5.46M | 2.02M | 874.23K |
| Fixed Asset Turnover | 152.45x | 70.21x | 137.32x | 56.35x | 3286.48x | 908.56x | 133.21x | 51.85x | 197.64x | 31.71x | 42.82x | 33.87x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 7.7M | 7.7M | 7.63M | 6.25M | 6.31M | 0 | 0 |
| Intangible Assets | 1.26M | 18.57M | 955.97K | 1.26M | 214.44M | 366.94M | 215.04M | 131.2M | 67.26M | 48.78M | 17.46M | 2.75M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 20.26M | 178.28K | 25.67M | 9.04M | 151.78M | 8.48M | 0 | 0 | 14.88M | 0 | 0 | 899.21K |
| Total Assets | 151.69M | 105.28M | 101.71M | 151.69M | 727.32M | 858.61M | 439.46M | 359.81M | 288.4M | 205.37M | 112.45M | 42.42M |
| Asset Turnover | 1.47x | 0.67x | 2.45x | 2.90x | 0.70x | 0.54x | 0.87x | 0.99x | 0.89x | 0.84x | 0.77x | 0.70x |
| Asset Growth % | 0% | 3.51% | -32.95% | -79.14% | -15.29% | 95.38% | 22.14% | 24.76% | 40.43% | 82.63% | 165.09% | - |
| Total Current Liabilities | 162.59M | 51.09M | 71.05M | 162.59M | 360.97M | 438.17M | 72.74M | 79.55M | 120.17M | 63.16M | 31M | 13.05M |
| Accounts Payable | 11.52M | 22.11M | 37.48M | 11.52M | 8.04M | 24.26M | 23.18M | 15.14M | 30.8M | 33.12M | 7.28M | 4.78M |
| Days Payables Outstanding | 22.82 | 139.73 | 67.72 | 9.91 | 5.74 | 24.31 | 32.44 | 24.33 | 75.89 | 104.54 | 71.29 | 150.75 |
| Short-Term Debt | 21.87M | 7M | 7M | 21.87M | 28.01M | 24.97M | 2.03M | 3.53M | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 99.59M | 5.17M | 6.07M | 86.73M | 290.03M | 326.91M | 7.38M | 16.58M | 17.51M | 10.67M | 13.47M | 4.29M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | -28.01M | 54.89M | 35.84M | 39.54M | 66.54M | 12.65M | 8.86M | 2.68M |
| Current Ratio | 0.75x | 1.67x | 1.02x | 0.75x | 0.97x | 1.08x | 2.94x | 2.68x | 1.65x | 2.29x | 3.00x | 2.90x |
| Quick Ratio | 0.75x | 1.67x | 1.02x | 0.75x | 0.97x | 1.08x | 2.87x | 2.44x | 1.60x | 2.27x | 2.98x | 2.89x |
| Cash Conversion Cycle | 45.96 | - | - | - | 9.99 | 61.47 | 83.88 | 91.47 | 42.44 | 38.4 | 14.03 | -26.3 |
| Total Non-Current Liabilities | 6.31M | 48.03K | 688.33K | 6.31M | 0 | 2.19M | 3.05M | 5.62M | 17.77M | 13.72M | 596.98K | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 4.38M | 48.03K | 688.33K | 4.04M | 0 | 0 | 282.25K | 2.3M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 7.54M | 0 | 0 | 2.27M | 0 | 2.19M | 2.77M | 3.32M | 4.06M | 4.92M | 596.98K | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.7M | 8.79M | 0 | 0 |
| Total Liabilities | 168.9M | 51.14M | 71.73M | 168.9M | 360.97M | 440.36M | 75.79M | 85.17M | 137.94M | 76.88M | 31.6M | 13.05M |
| Total Debt | 29.39M | 7.83M | 8.59M | 29.39M | 28.01M | 24.97M | 2.31M | 5.83M | 0 | 0 | 0 | 0 |
| Net Debt | 11.21M | -334.37K | -3.87M | 11.21M | -37.05M | -36.23M | -18.59M | -81.5M | -109.8M | -65.02M | -64.91M | -26.54M |
| Debt / Equity | -1.71x | 0.14x | 0.29x | - | 0.08x | 0.06x | 0.01x | 0.02x | - | - | - | - |
| Debt / EBITDA | 0.65x | - | - | - | - | 0.24x | 0.02x | 0.06x | - | - | - | - |
| Net Debt / EBITDA | 0.25x | - | - | - | - | -0.35x | -0.17x | -0.82x | -1.52x | -2.00x | -2.07x | -2.85x |
| Interest Coverage | 170.05x | - | -36.26x | -280.86x | -98.39x | 56.88x | - | - | - | - | - | - |
| Total Equity | -17.22M | 54.14M | 29.97M | -17.22M | 366.35M | 418.24M | 363.68M | 274.63M | 150.46M | 128.48M | 80.85M | 29.37M |
| Equity Growth % | 35.89% | 80.62% | 274.09% | -104.7% | -12.41% | 15% | 32.42% | 82.53% | 17.1% | 58.92% | 175.31% | - |
| Book Value per Share | -0.85 | 0.16 | 1.30 | -0.85 | 18.55 | - | - | - | - | - | - | - |
| Total Shareholders' Equity | -23.51M | 48.31M | 23.58M | -23.51M | 350.11M | 404.6M | 354.71M | 270.28M | 149.64M | 106.6M | 80.86M | 29.47M |
| Common Stock | 77.75K | 362.91K | 112.78K | 77.75K | 77.75K | 63.21K | 63.15K | 62.61K | 66.09K | 26.41M | 26.1M | 24.98M |
| Retained Earnings | -291.81M | -341.07M | -325.32M | -291.81M | 81.82M | 280.65M | 234.83M | 153.45M | 111.12M | 47.28M | 25.28M | 1.27M |
| Treasury Stock | 0 | -1.2K | -7.66K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 6.1M | 28.54M | 29.82M | 29.65M | 26.12M | 23.97M | 21.12M | 18.92M | 38.45M | 5.8M | 2.69M | 324.71K |
| Minority Interest | 6.29M | 5.83M | 6.39M | 6.29M | 16.24M | 13.64M | 8.97M | 4.35M | 822.12K | 21.89M | -10.99K | -98.91K |
Insolvency and liquidity exhaustion
As reported in recent financial statements, Jianzhi's equity position has deteriorated from a positive $394.5 million in 2021Q2 to a negative $23.5 million by 2023Q4, signaling a rapid erosion of shareholder value that warrants extreme caution regarding the firm's long-term operational viability.
The shift into negative equity suggests that accumulated losses have fully depleted the company's capital base, leaving the firm in a precarious financial state. This trajectory indicates that the business model is currently unable to generate sufficient returns to offset its mounting liabilities.
Based on 2023Q4 filings, the company's current ratio has compressed to 0.75, down from 2.01 in 2021Q2, indicating that current assets are no longer sufficient to cover short-term obligations and leaving the firm with a limited buffer against further operational shocks.
A current ratio below unity implies that the company may struggle to meet its immediate financial commitments without external financing or asset liquidation. Investors should monitor whether the remaining $18.2 million in cash is sufficient to sustain operations given the ongoing cash burn.
According to the latest balance sheet data, retained earnings have plummeted to -$291.8 million, reflecting a sustained period of value destruction that has effectively wiped out the company's equity base and left the balance sheet in a technically insolvent state as of 2023Q4.
The transition to negative equity highlights the severity of the company's recent operating losses and the failure of its current business model to achieve scale. This level of capital erosion suggests that the company's ability to absorb further losses is severely constrained.
As documented in 2023Q4 filings, the company carries $86.7 million in deferred revenue, which, when contrasted with the negative equity position, suggests that the firm may face significant future service obligations without the necessary capital to fulfill them profitably.
This large deferred revenue balance may represent a hidden risk if the cost to deliver these services exceeds the cash already collected. It appears that the company is relying on future performance obligations to sustain its current cash position, which may exacerbate liquidity risks if project execution costs rise.
Quick answers to the most common questions about buying JZ stock.
As of 2025, Jianzhi Education Technology Group Company Limited (JZ) had total assets of $105.3M including $85.4M in current assets.
Jianzhi Education Technology Group Company Limited (JZ) carries total debt of $7.8M, offset by $12.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Jianzhi Education Technology Group Company Limited (JZ) has total shareholders' equity (book value) of $48.3M ($0.16 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Jianzhi Education Technology Group Company Limited (JZ) reported a current ratio of 1.67x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.