The company's financial position appears precarious with a current ratio of 0.09 and a total debt load of $299.9 million against a negative $1.5 billion equity base.
| Total Current Assets | 44.98M | 47.22M | 53.69M | 58.01M | 97.72M |
| Cash & Short-Term Investments | 632K | 2.77M | 3.83M | 6.65M | 17.29M |
| Cash Only | 632K | 2.77M | 3.83M | 6.65M | 17.29M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 21.79M | 15.66M | 25.4M | 42.23M | 71.14M |
| Days Sales Outstanding | 231.99 | 35.44 | 49.44 | 98.94 | 198.76 |
| Inventory | 270K | 237K | 0 | 0 | 0 |
| Days Inventory Outstanding | 13.77 | 2.83 | - | - | - |
| Other Current Assets | 20M | 26.2M | 21.97M | 4.04M | 5.6M |
| Total Non-Current Assets | 12.16M | 13.8M | 21.86M | 12.41M | 18.17M |
| Property, Plant & Equipment | 9.45M | 10.65M | 17.54M | 10.92M | 14.43M |
| Fixed Asset Turnover | 3.63x | 15.15x | 10.69x | 14.26x | 9.05x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 1.12M | 0 | 1.08M |
| Other Non-Current Assets | 2.71M | 3.16M | 3.21M | 1.48M | 2.66M |
| Total Assets | 57.13M | 61.02M | 75.56M | 70.42M | 115.89M |
| Asset Turnover | 0.60x | 2.64x | 2.48x | 2.21x | 1.13x |
| Asset Growth % | 0% | -19.24% | 7.31% | -39.24% | - |
| Total Current Liabilities | 480.32M | 479.4M | 484.94M | 606.75M | 573.79M |
| Accounts Payable | 6.54M | 4.4M | 3.27M | 2.81M | 1.3M |
| Days Payables Outstanding | 333.63 | 52.51 | 24.21 | 21.34 | 7.79 |
| Short-Term Debt | 292.15M | 292.71M | 275.25M | 420.32M | 393.58M |
| Deferred Revenue (Current) | 85.88M | 88.1M | 98.29M | 97.25M | 82.29M |
| Other Current Liabilities | 14M | 10.48M | 11.95M | 5.85M | 3.23M |
| Current Ratio | 0.09x | 0.10x | 0.11x | 0.10x | 0.17x |
| Quick Ratio | 0.09x | 0.10x | 0.11x | 0.10x | 0.17x |
| Cash Conversion Cycle | -87.87 | -14.24 | - | - | - |
| Total Non-Current Liabilities | 1.05B | 1.03B | 967.07M | 716.81M | 606.19M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 2.25M | 4.04M | 6.85M | 3.22M | 2.47M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.03B | 1.01B | 946.19M | 707.74M | 601.07M |
| Total Liabilities | 1.53B | 1.51B | 1.45B | 1.32B | 1.18B |
| Total Debt | 299.92M | 301.71M | 290.02M | 429.04M | 404.94M |
| Net Debt | 299.28M | 298.94M | 286.19M | 422.39M | 387.65M |
| Debt / Equity | -0.20x | - | - | - | - |
| Debt / EBITDA | -124.45x | - | - | - | - |
| Net Debt / EBITDA | -124.18x | - | - | - | - |
| Interest Coverage | -19.74x | -35.29x | -499.39x | -173.55x | -1510.53x |
| Total Equity | -1.47B | -1.45B | -1.38B | -1.25B | -1.06B |
| Equity Growth % | 0% | -5.24% | -9.84% | -17.77% | - |
| Book Value per Share | -192.64 | -189.98 | -180.52 | -164.34 | -139.55 |
| Total Shareholders' Equity | -1.5B | -1.48B | -1.38B | -1.25B | -1.06B |
| Common Stock | 31K | 31K | 31K | 27K | 27K |
| Retained Earnings | -1.74B | -1.72B | -1.59B | -1.41B | -1.23B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -99.35M | -99.39M | -98.96M | -77.4M | 9.42M |
| Minority Interest | 29.94M | 30.21M | 254K | 265K | 0 |
Imminent liquidity and funding shortfall
According to the 2025Q1 financial statements, YMT's equity has deteriorated to a negative $1.5 billion, signaling a profound structural imbalance that reflects years of accumulated losses and an inability to generate sufficient internal capital to support the company's ongoing digital agricultural platform operations.
The transition to a deeply negative equity position suggests that the company's historical operating losses have completely exhausted its book value. Investors should monitor whether this trajectory necessitates a significant restructuring or if the firm remains reliant on external capital injections to maintain its basic corporate existence.
Based on reported figures for 2025Q1, YMT carries $299.9 million in total debt against a negligible cash balance of $632,000, creating a highly precarious leverage profile that leaves the company with virtually no margin for error in its debt service obligations.
The presence of substantial debt on a balance sheet with negative equity and minimal cash suggests that the company's financial flexibility is severely constrained. This leverage appears to be a necessity-driven burden rather than a strategic tool, potentially limiting the firm's ability to pivot its business model.
As indicated by the 2025Q1 data, the company's current ratio of 0.09 highlights an acute liquidity crisis, as the firm's cash reserves of $632,000 are insufficient to cover even a fraction of its immediate short-term liabilities and ongoing operational cash requirements.
A current ratio well below unity suggests that the company may struggle to meet its near-term obligations without immediate refinancing or asset liquidation. This liquidity position appears to be the most pressing risk to the company's ability to continue as a going concern.
While the company reports $97.9 million in deferred revenue, which provides a temporary cushion, this liability represents a future service obligation that may mask the underlying severity of the firm's insolvency as reported in the most recent quarterly balance sheet filings.
The reliance on deferred revenue as a potential liquidity buffer warrants further investigation, as these funds are essentially pre-paid obligations rather than free cash. If the company fails to deliver on these performance obligations, the resulting liability could further exacerbate the existing pressure on the balance sheet.
Quick answers to the most common questions about buying YMT stock.
As of 2024, Yimutian Inc. American Depositary Shares (YMT) had total assets of $61.0M including $47.2M in current assets.
Yimutian Inc. American Depositary Shares (YMT) carries total debt of $301.7M, offset by $2.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Yimutian Inc. American Depositary Shares (YMT) has total shareholders' equity (book value) of $-1478.8M ($-189.98 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Yimutian Inc. American Depositary Shares (YMT) reported a current ratio of 0.10x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.