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WYHGWing Yip Food Holdings Group Limited American Depositary Shares
$3.80$48M
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HomeStocksWYHGBalance Sheet

Wing Yip Food Holdings Group Limited American Depositary Shares (WYHG) Balance Sheet

11Y historyFree accessUpdated daily

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.

WYHG Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15
Total Current Assets134.1M133.31M112.81M108.81M67.12K93.87M92.11M90.79M80.83M45.55M32.57M16.31M
Cash & Short-Term Investments91.05M85.44M87.93M70.29K53.19K76.72M75.06M75.51M72.97M35.1M21.99M6.78M
Cash Only91.05M85.33M87.93M70.29K53.08K76.57M75.06M75.51M72.97M35.1M21.99M6.78M
Short-Term Investments0110.33K00110150.73K000000
Accounts Receivable8.47M7.56M10.01M7.49K5.3K6.28M9.78M7.54M5.19M7.75M9.06M7.57M
Days Sales Outstanding22.0620.4225.260.020.0117.7832.2828.7321.6938.1150.4955.04
Inventory4.81M9.85M8.46M5.08K6.09K5.9M5.25M6.21M2.27M2.67M1.5M1.96M
Days Inventory Outstanding23.1337.5730.920.020.0326.4424.8636.5216.1321.7112.7721.5
Other Current Assets140.27K416.17K950.25K108.72M04.97M148.02K108.1K0300
Total Non-Current Assets81M82.83M80.68M72.21M63.23K71.01M46.13M18.53M17.66M19.47M12.37M7.51M
Property, Plant & Equipment80.86M82.68M79.87M54.65K63.02K70.72M45.76M18.35M16.55M17.87M11.97M7.51M
Fixed Asset Turnover1.68x1.64x1.81x2439.15x2066.42x1.82x2.42x5.22x5.28x4.15x5.48x6.68x
Goodwill000000000000
Intangible Assets45.9K47.64K652.44K5464873.94K21.39K20.24K6.24K6.65K00
Long-Term Investments000000000000
Other Non-Current Assets103.24K101.24K157.08K72.16M159218.31K341.09K158.13K873.63K947.66K401.19K0
Total Assets215.1M216.14M193.49M181.02M130.35K164.88M138.24M109.32M98.49M65.02M44.94M23.82M
Asset Turnover0.63x0.63x0.75x0.74x999.10x0.78x0.80x0.88x0.89x1.14x1.46x2.11x
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 Liabilities23.87M38.28M31.58M19.45M12.97K28.48M22.15M20.33M21.66M22.16M9.21M9.04M
Accounts Payable5.96M10.74M8.1M6.02K5.6K13.12M9.78M5.38M4.56M5.32M5.85M4.46M
Days Payables Outstanding32.7340.9929.60.030.0258.8146.2631.6232.4443.3149.6948.9
Short-Term Debt14.81M24.38M20.15M7.26M3.42K10.29M8.44M11.19M13.35M13.56M287.79K2.8M
Deferred Revenue (Current)106.48K32.17K46.87K00000027.2K28.78K34.32K
Other Current Liabilities2.84M817.16K4.15M12.14M2K2.21M3.18M2.99M2.47M1.39M1.13M773.89K
Current Ratio5.62x3.48x3.57x5.60x5.18x3.30x4.16x4.47x3.73x2.06x3.54x1.80x
Quick Ratio5.42x3.23x3.30x5.60x4.71x3.09x3.92x4.16x3.63x1.94x3.37x1.59x
Cash Conversion Cycle12.4616.9926.580.020.02-14.5910.8933.635.3816.5113.5627.63
Total Non-Current Liabilities17.1M6.03M6.16M18.52M11.59K4.12M3.28M2.11M1.51M683.75K10.83M1.23M
Long-Term Debt14.77M4.44M4.34M16.73M10.04K1.95M668.98K799.83K1.38M571.87K10.83M1.23M
Capital Lease Obligations1.04M5.83K278.28K164206409.01K1.03M926.73K0000
Deferred Tax Liabilities6.53M1.55M1.55M1.58M1.28K1.65M1.58M382.38K126.44K111.89K00
Other Non-Current Liabilities000000000000
Total Liabilities40.97M44.31M37.75M37.97M24.55K33.22M25.43M22.44M23.17M22.84M20.04M10.28M
Total Debt30.16M28.82M24.85M24.24M13.76K13.3M10.14M12.91M14.72M14.13M11.12M4.03M
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 / Equity0.17x0.17x0.16x219.30x0.13x0.10x0.09x0.15x0.20x0.34x0.45x0.30x
Debt / EBITDA2.03x1.74x1.26x1.04x0.00x0.60x0.57x0.65x0.54x0.62x0.66x0.31x
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 Coverage7.68x9.53x13.96x16.00x103.78x188.83x31.63x57.77x172.71x332.57x76.72x182.08x
Total Equity174.11M171.83M155.74M110.54K105.8K131.66M112.69M86.75M75.16M42.18M24.9M13.55M
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 Share13.8413.6712.930.010.012.752.352.132.004.132.441.33
Total Shareholders' Equity174.11M171.83M155.74M110.19K105.8K131.66M112.69M86.75M75.16M42.18M24.9M13.55M
Common Stock45.44M44.92M41.8M28.05K29.44K40.3M39.37M28.48M23.31M5.99M5.61M4.62M
Retained Earnings114.2M126.91M109.97M72.88K76.4K91.36M73.32M58.26M51.85M32.1M17.34M7.24M
Treasury Stock000000000000
Accumulated OCI14.47M02.78M9.26K000004.09M1.94M1.69M
Minority Interest000000000000

Key Metrics

Growth RegimeContracting
ProfitabilityStrained
Balance SheetHealthy
Cash FlowMixed
Top Statement Risk

Idle capital allocation inefficiency

Asset Base Expansion Amidst Stagnation

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.

Conservative Leverage Preserves Financial Flexibility

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.

Excessive Liquidity Masks Operational Challenges

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.

Retained Earnings Drive Equity Stability

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.

Idle Cash Distorts Valuation Metrics

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.

WYHG — Frequently Asked Questions

Quick answers to the most common questions about buying WYHG stock.

What are the total assets of Wing Yip Food Holdings Group Limited American Depositary Shares (WYHG)?

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.

How much debt does Wing Yip Food Holdings Group Limited American Depositary Shares (WYHG) have?

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.

What is the book value or shareholders' equity of Wing Yip Food Holdings Group Limited American Depositary Shares?

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.

What is Wing Yip Food Holdings Group Limited American Depositary Shares's current ratio and liquidity?

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.