The company's financial position appears precarious, characterized by a debt-to-equity ratio of 85.10 and a total debt load of $1.7 billion against a total asset base of $2.0 billion.
| Total Current Assets | 447.51M | 744.37M | 339.39M | 226.38M | 281.75M | 927.01M | 832.94M | 4.94B | 6.67B | 4.9B | 2.09B |
| Cash & Short-Term Investments | 68.27M | 83.13M | 25.11M | 23.34M | 92.71M | 148.89M | 192.6M | 478.2M | 1.4B | 292.97M | 429.38M |
| Cash Only | 68.27M | 83.13M | 25.11M | 23.34M | 92.71M | 148.89M | 192.6M | 478.2M | 801M | 291.97M | 332.26M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 596.08M | 1M | 97.12M |
| Accounts Receivable | 3.6M | 27.82M | 4.15M | 69.54M | 30.43M | 232.33M | 412.71M | 1.9B | 1.04B | 1.52B | 703.87M |
| Days Sales Outstanding | 1.76 | 3.13 | 0.75 | 12.29 | 5.38 | 52.36 | 236.73 | 438.04 | 551.84 | 291.24 | 297.89 |
| Inventory | 279.45M | 545.9M | 207.39M | 110.49M | 110.89M | 436.2M | 69.59M | 13.79M | 19.38M | 77.94M | 10.64M |
| Days Inventory Outstanding | 37.2 | 65.91 | 40.19 | 19.78 | 19.84 | 101.27 | 38.95 | 7.32 | 16.25 | 39.02 | 6.96 |
| Other Current Assets | 96.2M | 87.52M | 96.88M | 809K | 1.48M | 12.43M | 43.29M | 1.79B | 2.04B | 1.64B | 710.3M |
| Total Non-Current Assets | 1.6B | 1.7B | 1.61B | 1.86B | 436.9M | 380.02M | 400.59M | 438.23M | 680.76M | 395.95M | 231.98M |
| Property, Plant & Equipment | 1.6B | 1.68B | 1.61B | 1.58B | 137.86M | 64.25M | 76.14M | 155.56M | 199.27M | 156.63M | 142.85M |
| Fixed Asset Turnover | 1.41x | 1.93x | 1.25x | 1.30x | 14.98x | 25.20x | 8.36x | 10.18x | 3.44x | 12.15x | 6.04x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.54M | 110.42M | 75.85M | 63.92M |
| Intangible Assets | 168K | 0 | 1.32M | 10.32M | 10.32M | 0 | 27K | 190K | 21.18M | 9.95M | 13.65M |
| Long-Term Investments | 287.74M | 21.18M | 279.3M | 279.3M | 288.71M | 288.76M | 288.43M | 272.94M | 349.88M | 40.63M | 11.56M |
| Other Non-Current Assets | -8.61M | 7 | -279.3M | -10.05M | 0 | 27M | 36M | 276.76M | 0 | 112.9M | 0 |
| Total Assets | 2.04B | 2.44B | 1.95B | 2.09B | 718.65M | 1.31B | 1.23B | 5.38B | 7.35B | 5.3B | 2.32B |
| Asset Turnover | 1.14x | 1.33x | 1.04x | 0.99x | 2.87x | 1.24x | 0.52x | 0.29x | 0.09x | 0.36x | 0.37x |
| Asset Growth % | -26.66% | 25.08% | -6.52% | 190.57% | -45.02% | 5.96% | -77.09% | -26.75% | 38.7% | 128.6% | - |
| Total Current Liabilities | 649.76M | 977.51M | 762.01M | 885.15M | 603.91M | 1.82B | 1.15B | 2.99B | 4.46B | 4.34B | 1.86B |
| Accounts Payable | 75.48M | 65.05M | 81.58M | 80.75M | 80.67M | 92.9M | 101.2M | 127.84M | 156.32M | 65.69M | 48.82M |
| Days Payables Outstanding | 14.01 | 7.85 | 15.81 | 14.45 | 14.44 | 21.57 | 56.65 | 67.88 | 131.11 | 32.89 | 31.94 |
| Short-Term Debt | 221.58M | 620.94M | 175.62M | 370.13M | 178.74M | 335.65M | 79.56M | 588.07M | 1.81B | 426.78M | 204.07M |
| Deferred Revenue (Current) | 5.48M | 0 | 0 | 14.4M | 13.91M | 18.76M | 23.3M | 271.41M | 709.44M | 999.31M | 464.1M |
| Other Current Liabilities | 180.07M | 291.52M | 183.32M | 0 | 8K | 754.75M | 2.44M | 698.34M | 674.92M | 1.93B | 730.84M |
| Current Ratio | 0.69x | 0.76x | 0.45x | 0.26x | 0.47x | 0.51x | 0.73x | 1.65x | 1.49x | 1.13x | 1.12x |
| Quick Ratio | 0.26x | 0.20x | 0.17x | 0.13x | 0.28x | 0.27x | 0.67x | 1.65x | 1.49x | 1.11x | 1.12x |
| Cash Conversion Cycle | 24.95 | 61.19 | 25.13 | 17.62 | 10.79 | 132.07 | 219.03 | 377.49 | 436.99 | 297.38 | 272.91 |
| Total Non-Current Liabilities | 1.37B | 1.34B | 1.4B | 1.35B | 1.94B | 1.38B | 2.08B | 1.92B | 516.3M | 9.14B | 4.91B |
| Long-Term Debt | 14.32M | 10.01M | 53.91M | 0 | 556.51M | 821.19M | 1.85B | 1.91B | 481.8M | 374.1M | 0 |
| Capital Lease Obligations | 5.29B | 1.33B | 1.32B | 1.35B | 77.46M | 12.52M | 34.37M | 10.07M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -201.74M | 4.76M | 1.65M | 2.27M |
| Other Non-Current Liabilities | 6.49M | 0 | 27.24M | 0 | 1.3B | 548.04M | 200.78M | 201.74M | 0 | 8.42B | 4.78B |
| Total Liabilities | 2.02B | 2.32B | 2.17B | 2.23B | 2.54B | 3.2B | 3.23B | 4.92B | 4.98B | 13.48B | 6.76B |
| Total Debt | 1.66B | 1.96B | 1.75B | 1.78B | 820.38M | 1.19B | 1.97B | 2.54B | 2.29B | 800.89M | 204.07M |
| Net Debt | 1.6B | 1.88B | 1.72B | 1.76B | 727.66M | 1.04B | 1.78B | 2.07B | 1.49B | 508.91M | -128.19M |
| Debt / Equity | 85.10x | 15.49x | - | - | - | - | - | 5.47x | 0.97x | - | - |
| Debt / EBITDA | -9.11x | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -8.73x | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -1.92x | -1.78x | -1.93x | -2.02x | -5.95x | -2.43x | -8.06x | -9.94x | -40.40x | -8942.50x | -1937.34x |
| Total Equity | 19.55M | 126.41M | -213.26M | -143.09M | -1.82B | -1.9B | -2B | 465.12M | 2.37B | -8.18B | -4.44B |
| Equity Growth % | 202.23% | 159.28% | -49.04% | 92.15% | 3.9% | 4.92% | -529.11% | -80.39% | 128.99% | -84.11% | - |
| Book Value per Share | 0.09 | 0.60 | -29.28 | -19.64 | -406.85 | -487.18 | -543.98 | 157.19 | 810.82 | -2763.13 | -1500.79 |
| Total Shareholders' Equity | -284.82M | -209.86M | -368M | -292.85M | -1.82B | -1.9B | -2B | 469.17M | 2.37B | -8.13B | -4.43B |
| Common Stock | 43.73M | 45.95M | 39.82M | 39.81M | 806K | 781K | 733K | 581K | 575K | 30K | 30K |
| Retained Earnings | -19.71B | -19.87B | -19.58B | -19.38B | -16.95B | -16.41B | -15.91B | -12.67B | -10.68B | -8.21B | -4.46B |
| Treasury Stock | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - |
| Accumulated OCI | 227.81M | 234.78M | 167.25M | 225.09M | 220.19M | 283.23M | 217.75M | 68.19M | 86.06M | 76.61M | 30.54M |
| Minority Interest | 304.37M | 336.27M | 154.74M | 149.76M | -175K | -163K | -163K | -4.05M | -2.49M | -50.46M | -12.09M |
Insolvency and liquidity constraints
Based on reported financial statements, Uxin's equity position has remained deeply negative, with a deficit of $284.8 million as of 2025Q2, signaling that the company's transition to an inventory-heavy model has failed to generate the retained earnings necessary to stabilize its long-term capital structure.
The persistent negative equity suggests that the company is effectively operating on borrowed capital, with little to no cushion for operational missteps. Investors should monitor whether the ongoing reliance on external financing to cover losses will continue to dilute existing shareholders or necessitate further debt restructuring.
According to recent SEC filings, Uxin carries a substantial debt load of $1.7 billion against a total asset base of $2.0 billion, resulting in a D/E ratio of 85.10 that underscores the extreme financial risk inherent in its current IRC-based business model.
This level of leverage appears to be a necessity-driven consequence of funding physical infrastructure rather than a strategic choice. The high debt-to-asset ratio suggests that the company has limited flexibility to absorb further shocks in the Chinese used car market without risking a liquidity crisis.
As reported in financial statements, Uxin's asset base is heavily dominated by $1.6 billion in net PPE, which represents the bulk of its $2.0 billion total assets, reflecting the capital-intensive nature of its regional inspection and reconditioning centers.
The concentration of assets in physical facilities implies that the company's value is tied to the operational success of these centers rather than intangible brand equity. This asset-heavy structure may limit the company's ability to pivot quickly if market conditions in the Chinese automotive sector deteriorate further.
Based on the 2025Q2 data, Uxin maintains a current ratio of 0.69 and cash reserves of $68.3 million, which appears insufficient given the company's historical burn rate and the significant working capital requirements of its inventory-heavy retail operations.
The current ratio below 1.0 indicates that the company may struggle to meet its short-term obligations without continuous capital injections or rapid inventory turnover. This liquidity profile warrants close investigation, as it suggests a narrow margin for error in managing day-to-day operational expenses.
Quick answers to the most common questions about buying UXIN stock.
As of 2025, Uxin Limited (UXIN) had total assets of $2.44B including $744.4M in current assets.
Uxin Limited (UXIN) carries total debt of $1.96B, offset by $83.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Uxin Limited (UXIN) has total shareholders' equity (book value) of $-209.9M ($0.60 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Uxin Limited (UXIN) reported a current ratio of 0.76x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.