The company's financial position is increasingly fragile, evidenced by a retained earnings deficit of $139.9 million and a total asset base that shrunk to $87.3 million by 2025Q4.
| Total Current Assets | 87.34M | 58.66M | 39.76M | 25.77M |
| Cash & Short-Term Investments | 468.73K | 1.25M | 48.53K | 39.96K |
| Cash Only | 468.73K | 1.25M | 48.53K | 39.96K |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 45.33M | 41.49M | 15.46M | 6.32M |
| Days Sales Outstanding | 136.98 | 139.2 | 81.76 | 65.26 |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 516.91K | 7.83M | 6.92K | 66.05K |
| Total Non-Current Assets | 101 | 1.22M | 2.03M | 1.19M |
| Property, Plant & Equipment | 0 | 0 | 728.88K | 1.19M |
| Fixed Asset Turnover | - | - | 94.72x | 29.72x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 |
| Total Assets | 87.34M | 59.88M | 41.79M | 26.96M |
| Asset Turnover | 1.38x | 1.82x | 1.65x | 1.31x |
| Asset Growth % | 45.86% | 43.29% | 55.04% | - |
| Total Current Liabilities | 41.42M | 37.45M | 61.82M | 54.32M |
| Accounts Payable | 17.15M | 18.15M | 17.18M | 14.35M |
| Days Payables Outstanding | 54.93 | 72.17 | 126.58 | 198.07 |
| Short-Term Debt | 5.41M | 5.35M | 7.85M | 10.05M |
| Deferred Revenue (Current) | 2.38M | 2.12M | 896.23K | 26.51M |
| Other Current Liabilities | 335.35K | 420.76K | 188.03K | 68.3K |
| Current Ratio | 2.11x | 1.57x | 0.64x | 0.47x |
| Quick Ratio | 2.11x | 1.57x | 0.64x | 0.47x |
| Cash Conversion Cycle | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 248.07K | 728.88K |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 248.07K | 728.88K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Liabilities | 41.42M | 37.45M | 62.07M | 55.05M |
| Total Debt | 5.41M | 5.35M | 8.58M | 11.24M |
| Net Debt | 4.94M | 4.09M | 8.53M | 11.2M |
| Debt / Equity | 0.12x | 0.24x | - | - |
| Debt / EBITDA | - | 0.38x | 0.77x | 3.46x |
| Net Debt / EBITDA | - | 0.29x | 0.77x | 3.45x |
| Interest Coverage | - | 67.36x | 24.18x | 6.92x |
| Total Equity | 45.92M | 22.43M | -20.28M | -28.1M |
| Equity Growth % | 104.73% | 210.61% | 27.82% | - |
| Book Value per Share | 131.67 | 73.85 | -74.76 | -92.50 |
| Total Shareholders' Equity | 45.92M | 22.43M | -20.28M | -28.1M |
| Common Stock | 1K | 725 | 100 | 108 |
| Retained Earnings | -139.9M | -9.07M | -20.28M | -28.1M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -724 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
Severe liquidity and solvency
As reported in recent financial filings, STFS saw its total assets decline from $105.7 million in 2025Q1 to $87.3 million by 2025Q4, signaling a contraction in the firm's resource base that mirrors the ongoing deterioration of its underlying operational and financial stability.
The rapid decline in asset value over three quarters suggests that the company is struggling to maintain its operational footprint in a competitive market. This downward trajectory indicates that the firm's current business model is failing to generate the capital necessary to sustain its asset base, warranting significant caution regarding long-term viability.
Based on the latest quarterly data, the company's cash reserves have plummeted to just $468,731, a figure that appears dangerously insufficient when measured against the firm's $120 million annual revenue scale and ongoing operational cash burn requirements.
The current liquidity position leaves virtually no margin for error, suggesting that the firm may be unable to meet short-term obligations without immediate external financing. Investors should monitor whether this extreme cash scarcity forces management into dilutive equity raises or emergency debt arrangements that could further impair shareholder value.
According to the 2025Q4 balance sheet, the company's retained earnings have deepened to a deficit of $139.9 million, reflecting a persistent pattern of value destruction that has significantly eroded the firm's total equity base over the observed period.
The negative trend in retained earnings indicates that the company has consistently failed to generate positive returns on invested capital. This persistent deficit suggests that the equity base is being hollowed out by operational losses, which may limit the firm's ability to absorb future shocks or invest in necessary business pivots.
As indicated by the discrepancy between revenue scale and cash holdings, the company's reliance on accounts receivable appears to be a major distortion, as the firm struggles to convert its reported $120 million in revenue into the liquid cash required for daily operations.
The extreme gap between top-line revenue and the negligible cash balance suggests that the company's assets are heavily tied up in potentially slow-moving or uncollectible receivables. This reliance on credit-based revenue recognition creates a significant solvency risk, as the firm may be unable to bridge the gap between service delivery and actual cash collection.
Quick answers to the most common questions about buying STFS stock.
As of 2025, Star Fashion Culture Holdings Limited (STFS) had total assets of $87.3M including $87.3M in current assets.
Star Fashion Culture Holdings Limited (STFS) carries total debt of $5.4M, offset by $0.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Star Fashion Culture Holdings Limited (STFS) has total shareholders' equity (book value) of $45.9M ($131.67 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Star Fashion Culture Holdings Limited (STFS) reported a current ratio of 2.11x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.