The company maintains a conservative capital structure with a debt-to-equity ratio of 0.17, supported by a substantial $91.1 million cash position as of 2026Q1.
| Total Current Assets | 134.1M | 133.31M | 112.81M | 108.81M | 67.12K | 93.87M | 92.11M | 90.79M | 80.83M | 45.55M | 32.57M | 16.31M |
| Cash & Short-Term Investments | 91.05M | 85.44M | 87.93M | 70.29K | 53.19K | 76.72M | 75.06M | 75.51M | 72.97M | 35.1M | 21.99M | 6.78M |
| Cash Only | 91.05M | 85.33M | 87.93M | 70.29K | 53.08K | 76.57M | 75.06M | 75.51M | 72.97M | 35.1M | 21.99M | 6.78M |
| Short-Term Investments | 0 | 110.33K | 0 | 0 | 110 | 150.73K | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 8.47M | 7.56M | 10.01M | 7.49K | 5.3K | 6.28M | 9.78M | 7.54M | 5.19M | 7.75M | 9.06M | 7.57M |
| Days Sales Outstanding | 22.06 | 20.42 | 25.26 | 0.02 | 0.01 | 17.78 | 32.28 | 28.73 | 21.69 | 38.11 | 50.49 | 55.04 |
| Inventory | 4.81M | 9.85M | 8.46M | 5.08K | 6.09K | 5.9M | 5.25M | 6.21M | 2.27M | 2.67M | 1.5M | 1.96M |
| Days Inventory Outstanding | 23.13 | 37.57 | 30.92 | 0.02 | 0.03 | 26.44 | 24.86 | 36.52 | 16.13 | 21.71 | 12.77 | 21.5 |
| Other Current Assets | 140.27K | 416.17K | 950.25K | 108.72M | 0 | 4.97M | 148.02K | 108.1K | 0 | 3 | 0 | 0 |
| Total Non-Current Assets | 81M | 82.83M | 80.68M | 72.21M | 63.23K | 71.01M | 46.13M | 18.53M | 17.66M | 19.47M | 12.37M | 7.51M |
| Property, Plant & Equipment | 80.86M | 82.68M | 79.87M | 54.65K | 63.02K | 70.72M | 45.76M | 18.35M | 16.55M | 17.87M | 11.97M | 7.51M |
| Fixed Asset Turnover | 1.68x | 1.64x | 1.81x | 2439.15x | 2066.42x | 1.82x | 2.42x | 5.22x | 5.28x | 4.15x | 5.48x | 6.68x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 45.9K | 47.64K | 652.44K | 546 | 48 | 73.94K | 21.39K | 20.24K | 6.24K | 6.65K | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 103.24K | 101.24K | 157.08K | 72.16M | 159 | 218.31K | 341.09K | 158.13K | 873.63K | 947.66K | 401.19K | 0 |
| Total Assets | 215.1M | 216.14M | 193.49M | 181.02M | 130.35K | 164.88M | 138.24M | 109.32M | 98.49M | 65.02M | 44.94M | 23.82M |
| Asset Turnover | 0.63x | 0.63x | 0.75x | 0.74x | 999.10x | 0.78x | 0.80x | 0.88x | 0.89x | 1.14x | 1.46x | 2.11x |
| Asset Growth % | 289772.83% | 11.71% | 6.89% | 138771.81% | -99.92% | 19.27% | 26.45% | 11% | 51.48% | 44.68% | 88.65% | - |
| Total Current Liabilities | 23.87M | 38.28M | 31.58M | 19.45M | 12.97K | 28.48M | 22.15M | 20.33M | 21.66M | 22.16M | 9.21M | 9.04M |
| Accounts Payable | 5.96M | 10.74M | 8.1M | 6.02K | 5.6K | 13.12M | 9.78M | 5.38M | 4.56M | 5.32M | 5.85M | 4.46M |
| Days Payables Outstanding | 32.73 | 40.99 | 29.6 | 0.03 | 0.02 | 58.81 | 46.26 | 31.62 | 32.44 | 43.31 | 49.69 | 48.9 |
| Short-Term Debt | 14.81M | 24.38M | 20.15M | 7.26M | 3.42K | 10.29M | 8.44M | 11.19M | 13.35M | 13.56M | 287.79K | 2.8M |
| Deferred Revenue (Current) | 106.48K | 32.17K | 46.87K | 0 | 0 | 0 | 0 | 0 | 0 | 27.2K | 28.78K | 34.32K |
| Other Current Liabilities | 2.84M | 817.16K | 4.15M | 12.14M | 2K | 2.21M | 3.18M | 2.99M | 2.47M | 1.39M | 1.13M | 773.89K |
| Current Ratio | 5.62x | 3.48x | 3.57x | 5.60x | 5.18x | 3.30x | 4.16x | 4.47x | 3.73x | 2.06x | 3.54x | 1.80x |
| Quick Ratio | 5.42x | 3.23x | 3.30x | 5.60x | 4.71x | 3.09x | 3.92x | 4.16x | 3.63x | 1.94x | 3.37x | 1.59x |
| Cash Conversion Cycle | 12.46 | 16.99 | 26.58 | 0.02 | 0.02 | -14.59 | 10.89 | 33.63 | 5.38 | 16.51 | 13.56 | 27.63 |
| Total Non-Current Liabilities | 17.1M | 6.03M | 6.16M | 18.52M | 11.59K | 4.12M | 3.28M | 2.11M | 1.51M | 683.75K | 10.83M | 1.23M |
| Long-Term Debt | 14.77M | 4.44M | 4.34M | 16.73M | 10.04K | 1.95M | 668.98K | 799.83K | 1.38M | 571.87K | 10.83M | 1.23M |
| Capital Lease Obligations | 1.04M | 5.83K | 278.28K | 164 | 206 | 409.01K | 1.03M | 926.73K | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 6.53M | 1.55M | 1.55M | 1.58M | 1.28K | 1.65M | 1.58M | 382.38K | 126.44K | 111.89K | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 40.97M | 44.31M | 37.75M | 37.97M | 24.55K | 33.22M | 25.43M | 22.44M | 23.17M | 22.84M | 20.04M | 10.28M |
| Total Debt | 30.16M | 28.82M | 24.85M | 24.24M | 13.76K | 13.3M | 10.14M | 12.91M | 14.72M | 14.13M | 11.12M | 4.03M |
| Net Debt | -60.9M | -56.51M | -63.07M | -51.56K | -39.32K | -63.27M | -64.92M | -62.6M | -58.25M | -20.97M | -10.87M | -2.76M |
| Debt / Equity | 0.17x | 0.17x | 0.16x | 219.30x | 0.13x | 0.10x | 0.09x | 0.15x | 0.20x | 0.34x | 0.45x | 0.30x |
| Debt / EBITDA | 2.03x | 1.74x | 1.26x | 1.04x | 0.00x | 0.60x | 0.57x | 0.65x | 0.54x | 0.62x | 0.66x | 0.31x |
| Net Debt / EBITDA | -4.10x | -3.41x | -3.19x | -0.00x | -0.00x | -2.85x | -3.62x | -3.15x | -2.14x | -0.92x | -0.64x | -0.22x |
| Interest Coverage | 7.68x | 9.53x | 13.96x | 16.00x | 103.78x | 188.83x | 31.63x | 57.77x | 172.71x | 332.57x | 76.72x | 182.08x |
| Total Equity | 174.11M | 171.83M | 155.74M | 110.54K | 105.8K | 131.66M | 112.69M | 86.75M | 75.16M | 42.18M | 24.9M | 13.55M |
| Equity Growth % | 297444.83% | 10.33% | 140793.42% | 4.48% | -99.92% | 16.83% | 29.91% | 15.41% | 78.22% | 69.4% | 83.8% | - |
| Book Value per Share | 13.84 | 13.67 | 12.93 | 0.01 | 0.01 | 2.75 | 2.35 | 2.13 | 2.00 | 4.13 | 2.44 | 1.33 |
| Total Shareholders' Equity | 174.11M | 171.83M | 155.74M | 110.19K | 105.8K | 131.66M | 112.69M | 86.75M | 75.16M | 42.18M | 24.9M | 13.55M |
| Common Stock | 45.44M | 44.92M | 41.8M | 28.05K | 29.44K | 40.3M | 39.37M | 28.48M | 23.31M | 5.99M | 5.61M | 4.62M |
| Retained Earnings | 114.2M | 126.91M | 109.97M | 72.88K | 76.4K | 91.36M | 73.32M | 58.26M | 51.85M | 32.1M | 17.34M | 7.24M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 14.47M | 0 | 2.78M | 9.26K | 0 | 0 | 0 | 0 | 0 | 4.09M | 1.94M | 1.69M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Idle capital allocation inefficiency
According to the latest quarterly filings, total assets have grown to $215.1 million as of 2026Q1, yet this expansion appears disconnected from operational performance, as the company continues to struggle with a persistent revenue decline that suggests the asset base is not generating commensurate economic returns.
The growth in total assets appears driven by cash accumulation rather than productive capital investment, which may indicate a lack of viable internal reinvestment opportunities. Investors should monitor whether this asset bloat reflects a defensive posture or an inability to effectively deploy capital into the core cured meat business.
Based on reported financial statements, the company maintains a minimal debt-to-equity ratio of 0.17 as of 2026Q1, which suggests that management has prioritized a debt-averse capital structure that effectively insulates the firm from interest rate volatility and potential credit market tightening in the current environment.
The low leverage profile provides a significant buffer against operational shocks, though it may also signal a missed opportunity to optimize the cost of capital. This conservative stance appears consistent with a survivalist management philosophy that prioritizes balance sheet preservation over aggressive growth-oriented financing.
As reported in recent filings, the company holds $91.1 million in cash against total liabilities of $41.0 million, resulting in a current ratio of 5.62, which indicates a substantial liquidity buffer that may be excessive relative to the firm's actual working capital requirements and operational burn rate.
While this high liquidity position provides a strong safety net, the lack of deployment into growth initiatives warrants further investigation into the yield and accessibility of these funds. The current ratio suggests that the company is significantly over-capitalized, which may be dragging on overall return on equity.
Based on the provided balance sheet data, equity has steadily increased to $174.1 million by 2026Q1, primarily supported by a consistent accumulation of retained earnings, which suggests that the company has historically been profitable despite the recent volatility in its top-line revenue and margin performance.
The reliance on retained earnings for equity growth underscores a self-funding model that avoids shareholder dilution, yet the stagnation in recent quarters suggests that the quality of these earnings may be deteriorating. Analysts should evaluate whether the current equity base can be sustained if the recent revenue contraction persists.
Analysis of the balance sheet reveals that cash and equivalents represent over 40% of total assets as of 2026Q1, a concentration that potentially misleads investors by inflating the company's book value while masking the underlying weakness in the core food processing business's operational cash generation.
This high cash-to-asset ratio suggests that the market may be valuing the company as a cash-rich holding entity rather than an industrial food processor. Investors should consider whether this idle capital is a strategic reserve for future M&A or simply a sign of management's inability to find productive uses for excess cash.
Quick answers to the most common questions about buying WYHG stock.
As of 2025, Wing Yip Food Holdings Group Limited American Depositary Shares (WYHG) had total assets of $216.1M including $133.3M in current assets.
Wing Yip Food Holdings Group Limited American Depositary Shares (WYHG) carries total debt of $28.8M, offset by $85.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Wing Yip Food Holdings Group Limited American Depositary Shares (WYHG) has total shareholders' equity (book value) of $171.8M ($13.67 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Wing Yip Food Holdings Group Limited American Depositary Shares (WYHG) reported a current ratio of 3.48x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.