The company's financial stability is increasingly compromised by accumulated losses, resulting in a negative retained earnings position of -$8.1 million as of 2026Q3.
| Total Current Assets | 17.05M | 10.28M | 3.54M | 2.44M | 1.57M |
| Cash & Short-Term Investments | 1.3M | 4.96M | 123.55K | 174.02K | 373.53K |
| Cash Only | 1.3M | 4.96M | 123.55K | 174.02K | 373.53K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 7.27M | 3.48M | 3.42M | 2.21M | 1.13M |
| Days Sales Outstanding | 155.72 | 71.32 | 68.08 | 62.64 | 42.92 |
| Inventory | 22.02K | 96.53K | 0 | 0 | 0 |
| Days Inventory Outstanding | 2.29 | 2.36 | - | - | - |
| Other Current Assets | 8.46M | 1.75M | 0 | 0 | 0 |
| Total Non-Current Assets | 734.99K | 4.13M | 5.65M | 3.04M | 3.78M |
| Property, Plant & Equipment | 399.27K | 3.64M | 3.85M | 2.81M | 3.44M |
| Fixed Asset Turnover | 8.41x | 4.89x | 4.75x | 4.58x | 2.80x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 301.33K | 365.44K | 0 | 0 | 0 |
| Long-Term Investments | 1.47M | 15.74K | 15.74K | 5 | 5 |
| Other Non-Current Assets | -1.39M | 103.93K | 1.7M | 70.92K | 137.34K |
| Total Assets | 17.78M | 14.41M | 9.19M | 5.47M | 5.35M |
| Asset Turnover | 1.10x | 1.23x | 1.99x | 2.35x | 1.80x |
| Asset Growth % | 354.99% | 56.69% | 68.02% | 2.27% | - |
| Total Current Liabilities | 3.99M | 9.67M | 5.89M | 2.77M | 2.53M |
| Accounts Payable | 980.15K | 2.56M | 1.39M | 827.63K | 875.11K |
| Days Payables Outstanding | 56.59 | 62.65 | 34.74 | 29.3 | 40.97 |
| Short-Term Debt | 388.04K | 2.21M | 746.96K | 586.69K | 649.25K |
| Deferred Revenue (Current) | 84.31K | 0 | 0 | 131.68K | 0 |
| Other Current Liabilities | 2.54M | 2.53M | 1.98M | 211.97K | 139.08K |
| Current Ratio | 4.27x | 1.06x | 0.60x | 0.88x | 0.62x |
| Quick Ratio | 4.27x | 1.05x | 0.60x | 0.88x | 0.62x |
| Cash Conversion Cycle | 101.41 | 11.03 | - | - | - |
| Total Non-Current Liabilities | 248.91K | 1.89M | 2.66M | 1.84M | 2.74M |
| Long-Term Debt | 49.09K | 184.57K | 136.38K | 231.6K | 276.26K |
| Capital Lease Obligations | 4.65M | 1.63M | 2.52M | 1.59M | 2.27M |
| Deferred Tax Liabilities | 279.15K | 83.1K | 0 | 24.75K | 196.19K |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 4.17M | 11.56M | 8.55M | 4.62M | 5.27M |
| Total Debt | 561.61K | 6.39M | 4.63M | 3.22M | 3.93M |
| Net Debt | -738.69K | 1.44M | 4.51M | 3.04M | 3.56M |
| Debt / Equity | 0.04x | 2.25x | 7.24x | 3.76x | 50.12x |
| Debt / EBITDA | -0.12x | - | - | - | 17.64x |
| Net Debt / EBITDA | 0.16x | - | - | - | 15.96x |
| Interest Coverage | -7.30x | -12.27x | -1.72x | 9.08x | 0.94x |
| Total Equity | 13.61M | 2.85M | 639.79K | 854.76K | 78.47K |
| Equity Growth % | 2792.19% | 344.78% | -25.15% | 989.22% | - |
| Book Value per Share | 0.40 | 0.38 | 0.11 | 0.11 | 0.01 |
| Total Shareholders' Equity | 15.04M | 2.85M | 639.79K | 861.83K | 78.47K |
| Common Stock | 3.44K | 1.05K | 600 | 5 | 5 |
| Retained Earnings | -8.14M | -5.25M | -5.82K | 862.07K | 78.47K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 494.08K | 12.31K | 2.97K | -244 | 0 |
| Minority Interest | 0 | 0 | 0 | -7.07K | 0 |
Insolvency and liquidity exhaustion
According to recent financial statements, Lakeside Holding Limited has seen total assets fluctuate from $6.4 million in 2024Q3 to $17.8 million in 2026Q3, yet this expansion masks a deteriorating equity position and persistent negative retained earnings that signal a fundamentally unstable financial trajectory for the firm.
The volatility in asset levels suggests an inability to maintain a stable capital base, likely driven by the company's struggle to achieve operational scale. Investors should monitor the persistent negative retained earnings, which indicate that the business model has failed to generate cumulative value since its inception.
As reported in quarterly filings, LSH's cash position of $1.3 million in 2026Q3, while improved from historical lows, remains insufficient to cover the company's ongoing operating losses, leaving the firm with a limited runway to sustain its current logistics operations without seeking additional external capital infusions.
While the current ratio of 4.27 appears superficially healthy, it is likely distorted by the composition of current assets that may not be easily liquidated. The rapid depletion of cash reserves in previous periods suggests that liquidity is highly sensitive to the timing of customer payments and carrier obligations.
Based on the company's reported figures, equity has been severely eroded by accumulated losses, with retained earnings reaching -$8.1 million in 2026Q3, indicating that the firm's capital structure is increasingly reliant on external financing rather than internally generated profits to support its ongoing business activities.
The significant negative retained earnings highlight a history of value destruction that complicates the company's ability to attract cost-effective capital. The reliance on equity to absorb operational losses suggests that shareholders are bearing the brunt of the company's inability to achieve a sustainable margin profile.
Data from the balance sheet reveals that goodwill and net PPE represent a meaningful portion of total assets, which warrants further investigation as these items may be subject to impairment if the company's revenue contraction continues to undermine its long-term operational viability and future cash flow projections.
The presence of goodwill, even at modest levels, is concerning for a company with such a distressed operating profile. If the firm cannot demonstrate a path to profitability, these intangible assets may require write-downs, further weakening an already fragile balance sheet and reducing the net asset value for investors.
Quick answers to the most common questions about buying LSH stock.
As of 2025, Lakeside Holding Limited (LSH) had total assets of $14.4M including $10.3M in current assets.
Lakeside Holding Limited (LSH) carries total debt of $6.4M, offset by $5.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Lakeside Holding Limited (LSH) has total shareholders' equity (book value) of $2.8M ($0.38 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Lakeside Holding Limited (LSH) reported a current ratio of 1.06x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.