The company carries a debt-to-equity ratio of 0.58, which warrants caution given the limited cash buffer of $808.9K against $7.4M in total liabilities.
| Total Current Assets | 9.91M | 9.68M | 9.91M | 7.89M | 7.49M | 7.22M |
| Cash & Short-Term Investments | 808.91K | 2.91M | 808.91K | 120.91K | 156.54K | 279.26K |
| Cash Only | 808.91K | 2.91M | 808.91K | 120.91K | 156.54K | 279.26K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 5.58M | 5.26M | 5.58M | 3.5M | 2.56M | 3.26M |
| Days Sales Outstanding | 99.39 | 143.43 | 131.31 | 83.52 | 82.66 | 77.78 |
| Inventory | 5.84K | 214.99K | 5.84K | 16.36K | 168.51K | 200.21K |
| Days Inventory Outstanding | 0.31 | 6.42 | 0.17 | 0.49 | 6.21 | 5.3 |
| Other Current Assets | 3.43M | 251.37K | 3.43M | 4.21M | 4.46M | 3.42M |
| Total Non-Current Assets | 1.91M | 4.02M | 1.91M | 1.56M | 808.63K | 547.16K |
| Property, Plant & Equipment | 324.62K | 1.69M | 324.62K | 256.93K | 283.98K | 266.24K |
| Fixed Asset Turnover | 62.13x | 7.91x | 47.82x | 59.59x | 39.86x | 57.50x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 110.79K | 83.15K | 110.79K | 43.99K | 33.72K | 16.13K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.2M | 2.24M | 1.2M | 1.12M | 368.64K | 226.33K |
| Total Assets | 11.82M | 13.7M | 11.82M | 9.45M | 8.3M | 7.77M |
| Asset Turnover | 1.49x | 0.98x | 1.31x | 1.62x | 1.36x | 1.97x |
| Asset Growth % | 25.12% | 15.87% | 25.12% | 13.86% | 6.83% | - |
| Total Current Liabilities | 6.83M | 8.72M | 6.83M | 6.24M | 7.09M | 6.29M |
| Accounts Payable | 1.87M | 2.07M | 1.87M | 1.9M | 2.89M | 2.46M |
| Days Payables Outstanding | 45.4 | 61.78 | 53.87 | 56.88 | 106.69 | 65.2 |
| Short-Term Debt | 1.92M | 3.13M | 1.92M | 2.16M | 1.66M | 2.04M |
| Deferred Revenue (Current) | 1.62M | 163 | 512.17K | 301.9K | 1.31M | 685.61K |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 1.45x | 1.11x | 1.45x | 1.26x | 1.06x | 1.15x |
| Quick Ratio | 1.45x | 1.09x | 1.45x | 1.26x | 1.03x | 1.12x |
| Cash Conversion Cycle | 54.31 | 88.07 | 77.61 | 27.13 | -17.82 | 17.88 |
| Total Non-Current Liabilities | 611.42K | 223.32K | 611.42K | 158.71K | 272.66K | 434.31K |
| Long-Term Debt | 570K | 60.2K | 570K | 85.66K | 175.72K | 229.83K |
| Capital Lease Obligations | 164.17K | 163.12K | 41.42K | 73.04K | 96.94K | 204.48K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 7.44M | 8.94M | 7.44M | 6.4M | 7.36M | 6.73M |
| Total Debt | 2.56M | 3.53M | 2.56M | 2.35M | 1.96M | 2.5M |
| Net Debt | 1.75M | 619.15K | 1.75M | 2.23M | 1.81M | 2.22M |
| Debt / Equity | 0.58x | 0.74x | 0.58x | 0.77x | 2.08x | 2.40x |
| Debt / EBITDA | 2.35x | - | 1.77x | 1.04x | 7.99x | 3.71x |
| Net Debt / EBITDA | 1.61x | - | 1.21x | 0.99x | 7.35x | 3.29x |
| Interest Coverage | 10.87x | -27.14x | 11.02x | 14.19x | 1.00x | 4.84x |
| Total Equity | 4.38M | 4.76M | 4.38M | 3.05M | 941.29K | 1.04M |
| Equity Growth % | 43.95% | 8.57% | 43.95% | 223.58% | -9.79% | - |
| Book Value per Share | 0.06 | 0.06 | 0.06 | 0.04 | 0.01 | 0.01 |
| Total Shareholders' Equity | 4.38M | 4.76M | 4.38M | 3.05M | 941.29K | 1.04M |
| Common Stock | 6 | 7 | 6 | 6 | 6 | 6 |
| Retained Earnings | 1.52M | -1.77M | 1.52M | 668.73K | -766.11K | -761.89K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 4.15K | -38.17K | 4.15K | -227.22K | -227.97K | -130K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and project concentration
As reported in recent financial statements, WXM's total assets grew to $11.8M by 2024Q4, yet this expansion masks a deteriorating equity base that suggests the company is struggling to retain value while navigating the highly cyclical and competitive Chengdu regional construction market environment.
The increase in total assets appears driven by project-related accruals rather than organic capital accumulation, which raises concerns regarding the quality of the underlying asset base. Investors should monitor whether this asset growth translates into future cash inflows or if it represents mounting, uncollectible contract assets.
Based on the latest quarterly data, WXM's cash position of $808.9K relative to its $7.4M in total liabilities indicates a precarious liquidity profile, leaving the firm with a limited buffer to absorb shocks from potential payment delays within the regional construction sector.
While the current ratio of 1.45 suggests a superficial ability to cover short-term obligations, the reliance on project-based revenue makes this metric highly sensitive to the timing of developer payments. The company's thin cash reserves may necessitate future external financing if project cycles continue to lengthen.
According to recent filings, WXM maintains a debt-to-equity ratio of 0.58, which, while appearing moderate, warrants caution given the company's inability to generate consistent operating profits to service its $2.6M debt load in a cooling Chinese property market environment.
The debt structure appears to be a necessity-driven component of the firm's working capital management rather than a strategic choice to optimize returns. This leverage level may limit the company's flexibility to bid on larger, more capital-intensive projects that require significant performance bonds.
As indicated by the discrepancy between revenue recognition and cash generation, WXM's reliance on percentage-of-completion accounting may be inflating the balance sheet with contract assets that are subject to significant impairment risk if regional developer liquidity continues to decline.
The presence of these non-cash assets suggests that the company's reported equity may be overstated relative to its actual liquidation value. Analysts should scrutinize the aging of these receivables, as any write-downs would directly impact the already thin equity base and further strain the firm's solvency.
Quick answers to the most common questions about buying WXM stock.
As of 2025, WF International Limited Ordinary Shares (WXM) had total assets of $13.7M including $9.7M in current assets.
WF International Limited Ordinary Shares (WXM) carries total debt of $3.5M, offset by $2.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
WF International Limited Ordinary Shares (WXM) has total shareholders' equity (book value) of $4.8M ($0.06 book value per share). Book value represents the net worth of the company belonging to common stock holders.
WF International Limited Ordinary Shares (WXM) reported a current ratio of 1.11x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.