Wah Fu Education Group Limited (WAFU) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q4'16 |
|---|
| Total Current Assets | 14.49M | 14.23M | 14.16M | 14.67M | 15.02M | 16M | 16.13M | 16.2M | 16.54M | 15.03M | 13.19M | 10.25M | 10.62M | 6.84M | 7.46M | 8.21M | 7.09M | 6.61M | 6.34M |
| Cash & Short-Term Investments | 9.58M | 10.13M | 10.15M | 11.05M | 11.42M | 12.57M | 10.83M | 11.76M | 8.17M | 12.05M | 9.27M | 6.83M | 9.6M | 3.93M | 4.09M | 4.72M | 4.84M | 5.6M | 5.17M |
| Cash Only | 9.58M | 10.13M | 10.15M | 11.05M | 11.42M | 12.57M | 10.83M | 11.76M | 8.17M | 12.05M | 9.27M | 6.83M | 9.6M | 3.93M | 4.09M | 4.72M | 4.84M | 5.6M | 5.17M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.83M | 4M | 3.95M | 3.53M | 3.38M | 3.36M | 5.17M | 4.35M | 8.2M | 2.84M | 3.72M | 3.27M | 938.58K | 2.35M | 2.08M | 2.07M | 1.53M | 664.26K | 1.06M |
| Days Sales Outstanding | 131.67 | 107.16 | 122 | 88.2 | 84.28 | 74.28 | 79.65 | 101.01 | 86.81 | 71.06 | 74.13 | 61.16 | 59.96 | 82.02 | 65.35 | 56.5 | 32.71 | 149.41 | 109.43 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 417.1K | 82.2K | 7.73K | 7.37K | 8.8K | 7.53K |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | 12.67 | 3.94 | 0.55 | 0.77 | 2.79 | 2.15 |
| Other Current Assets | 79.85K | 94.95K | 59.73K | 95.58K | 216.39K | 69.1K | 130.53K | 90.63K | 164.63K | 139.94K | 199.54K | 150.21K | 86.53K | 146.06K | 1.24M | 953.95K | 711.58K | 308.69K | 106.84K |
| Total Non-Current Assets | 1.37M | 1.22M | 1.34M | 1.48M | 1.46M | 1.54M | 1.95M | 1.8M | 1.99M | 1.94M | 1.66M | 2.31M | 2.68M | 1.64M | 1.76M | 1.4M | 1.17M | 679.46K | 423.21K |
| Property, Plant & Equipment | 652.21K | 552.29K | 701.94K | 827.55K | 948.52K | 886.44K | 1.06M | 869.42K | 975.17K | 1.13M | 1.24M | 1.38M | 1.49M | 868.8K | 609.25K | 667.02K | 694.23K | 193.38K | 256.71K |
| Fixed Asset Turnover | 5.08x | 5.40x | 3.66x | 4.03x | 3.98x | 5.39x | 5.66x | 6.15x | 5.51x | 3.56x | 3.29x | 2.18x | 2.12x | 3.33x | 4.54x | 4.27x | 6.90x | 9.34x | 13.72x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 1.92K | 7.46K | 16.83K | 54.38K | 0 | 137.99K | 0 | 0 | 0 | 0 | 0 | 0 | 271.99K | 29.76K | 0 | 0 | 0 |
| Long-Term Investments | 439.92K | 137.8K | 142.5K | 332.73K | 92.22K | 171K | 23.2K | 12.28K | 12.08K | 11.88K | 11.44K | 10.98K | 266.26K | 283.11K | 351.14K | 384.18K | 374.6K | 346.68K | 113.58K |
| Other Non-Current Assets | 39.1K | 268.82K | 492.88K | 53.3K | 52.75K | 56.04K | 213.09K | 84.09K | 210.87K | 157.93K | 76.12K | 924.49K | 924.07K | 492.87K | 233.5K | 0 | 101.77K | 139.4K | 52.92K |
| Total Assets | 15.85M | 15.45M | 15.5M | 16.16M | 16.48M | 17.54M | 18.08M | 18M | 18.53M | 16.97M | 14.85M | 12.57M | 13.31M | 8.48M | 9.22M | 9.61M | 8.26M | 7.29M | 6.76M |
| Asset Turnover | 0.20x | 0.22x | 0.18x | 0.22x | 0.21x | 0.29x | 0.30x | 0.31x | 0.33x | 0.26x | 0.31x | 0.24x | 0.23x | 0.28x | 0.31x | 0.33x | 0.39x | 0.30x | 0.52x |
| Asset Growth % | 2.29% | -4.38% | -5.96% | -7.88% | -8.83% | -2.59% | -2.46% | 6.07% | 24.77% | 35.08% | 11.62% | 48.13% | 44.33% | -11.71% | 11.66% | 31.79% | - | 7.77% | - |
| Total Current Liabilities | 3.89M | 3.66M | 3.6M | 3.92M | 3.83M | 4.31M | 5.67M | 5.99M | 6.93M | 6.06M | 4.55M | 2.9M | 3.04M | 1.78M | 1.52M | 1.43M | 1.05M | 1.04M | 798.42K |
| Accounts Payable | 316.07K | 154.26K | 39.02K | 210.35K | 91.64K | 233.47K | 5.17M | 108.73K | 8.2M | 0 | 3.72M | 3.27M | 938.58K | 2.35M | 2.08M | 0 | 0 | 0 | 14.22K |
| Days Payables Outstanding | 17.42 | 3.69 | 9.35 | 5.2 | 9.36 | 105.36 | 90.4 | 104.91 | 312.15 | - | 170.34 | 102.43 | 99.02 | 112.33 | 182.07 | - | - | - | 4.07 |
| Short-Term Debt | 149.21K | 0 | 315.51K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1.71M | 1.64M | 1.58M | 1.82M | 1.87M | 2.11M | 3.38M | 3.98M | 4.8M | 4.14M | 2.4M | 1.52M | 1.71M | 620.33K | 420.48K | 341.44K | 0 | 0 | 234.88K |
| Other Current Liabilities | 716.19K | 0 | 2.88M | 1.46M | 1.47M | 1.57M | 0 | 1.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 844.66K | 815.31K | 313.82K |
| Current Ratio | 3.72x | 3.88x | 3.94x | 3.74x | 3.92x | 3.72x | 2.85x | 2.71x | 2.39x | 2.48x | 2.90x | 3.53x | 3.49x | 3.83x | 4.91x | 5.72x | 6.77x | 6.37x | 7.94x |
| Quick Ratio | 3.72x | 3.88x | 3.94x | 3.74x | 3.92x | 3.72x | 2.85x | 2.71x | 2.39x | 2.48x | 2.90x | 3.53x | 3.49x | 3.60x | 4.85x | 5.72x | 6.77x | 6.36x | 7.93x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | -17.64 | -112.79 | - | - | - | 107.52 |
| Total Non-Current Liabilities | 105.55K | 29.42K | 39.38K | 72.97K | 227.66K | 203.17K | 286.14K | 6.06K | 36.91K | 105.87K | 242.69K | 361.6K | 500.01K | 211.35K | 323.2K | 217.6K | 225.04K | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 105.55K | 14.54K | 39.38K | 72.97K | 227.66K | 203.17K | 286.14K | 6.06K | 36.91K | 105.87K | 242.69K | 361.6K | 500.01K | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 14.88K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 4M | 3.69M | 3.63M | 4M | 4.06M | 4.51M | 5.95M | 5.99M | 6.97M | 6.16M | 4.8M | 3.27M | 3.54M | 1.78M | 1.52M | 1.43M | 1.05M | 1.04M | 798.42K |
| Total Debt | 254.76K | 132.25K | 552.21K | 333.26K | 446.73K | 413.44K | 490.79K | 142.53K | 251.07K | 362.47K | 508.31K | 615.93K | 744.03K | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -9.33M | -10M | -9.59M | -10.71M | -10.97M | -12.15M | -10.34M | -11.62M | -7.92M | -11.69M | -8.76M | -6.22M | -8.85M | -3.93M | -4.09M | -4.72M | -4.84M | -5.6M | -5.17M |
| Debt / Equity | 0.02x | 0.01x | 0.05x | 0.03x | 0.04x | 0.03x | 0.04x | 0.01x | 0.02x | 0.03x | 0.05x | 0.07x | 0.08x | - | - | - | - | - | - |
| Debt / EBITDA | 14.50x | 0.29x | - | - | 1.44x | 0.42x | 0.41x | 0.35x | 0.25x | 0.69x | 0.57x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -530.81x | -21.83x | - | - | -35.42x | -12.28x | -8.62x | -28.45x | -7.85x | -22.10x | -9.87x | - | - | - | -12.23x | -11.41x | -6.20x | - | -3.76x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | -4.85x | -21.46x | -28.05x | 1.86x | 1.46x | 3.17x | - | - |
| Total Equity | 11.86M | 11.75M | 11.86M | 12.16M | 12.42M | 13.03M | 12.12M | 12.01M | 11.57M | 10.81M | 10.06M | 9.3M | 9.77M | 6.7M | 7.7M | 8.17M | 7.21M | 6.25M | 5.97M |
| Equity Growth % | -0.04% | -3.33% | -4.5% | -6.68% | 2.47% | 8.49% | 4.81% | 11.12% | 15% | 16.23% | 3% | 38.84% | 26.83% | -18.05% | 6.78% | 30.73% | - | 4.79% | - |
| Book Value per Share | 2.69 | 2.67 | 2.69 | 2.74 | 2.80 | 2.93 | 2.73 | 2.70 | 2.61 | 2.47 | 2.30 | 2.12 | 2.33 | 1.88 | 2.41 | 2.55 | 2.25 | 1.95 | 1.15 |
| Total Shareholders' Equity | 10.7M | 10.7M | 10.93M | 11.15M | 11.19M | 11.7M | 11.12M | 11.22M | 10.83M | 10.2M | 9.67M | 9.06M | 9.54M | 6.49M | 7.38M | 7.96M | 6.99M | 6.15M | 5.97M |
| Common Stock | 44.11K | 29.23K | 44.11K | 44.11K | 44.4K | 44.4K | 44.4K | 44.4K | 44.4K | 43.81K | 43.81K | 43.81K | 43.81K | 32K | 32K | 32K | 32K | 32K | 32K |
| Retained Earnings | 5.73M | 5.9M | 6.68M | 6.36M | 6.6M | 6.42M | 6.64M | 5.72M | 5.78M | 5.31M | 5.1M | 4.72M | 5.2M | 6.42M | 7.52M | 7.37M | 7.05M | 6.45M | 5.87M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -207.29K | -368.84K | -923.28K | -381.12K | -579.62K | 115.14K | -371.3K | 656.14K | 198.77K | 45.64K | -274.21K | -502.6K | -546.97K | -184.99K | -607.51K | 333.02K | -316.38K | -544.85K | -148.49K |
| Minority Interest | 1.15M | 1.06M | 936.88K | 1.01M | 1.23M | 1.33M | 1.01M | 788.66K | 740.76K | 606.94K | 390.07K | 234.54K | 226.92K | 211.35K | 323.2K | 217.6K | 225.04K | 101.8K | -7.47K |