The company maintains a conservative capital structure with a debt-to-equity ratio of 0.25, yet the cash position has eroded significantly to $319.1K from $7.1M in 2025Q4.
| Total Current Assets | 47M | 40.62M | 27.51M | 19.81M | 20.18M |
| Cash & Short-Term Investments | 319.1K | 7.11M | 6.39M | 4.85M | 4.15M |
| Cash Only | 319.1K | 7.11M | 4.28M | 3.39M | 4.15M |
| Short-Term Investments | 0 | 0 | 2.1M | 1.46M | 0 |
| Accounts Receivable | 36.3M | 23.19M | 12.04M | 7.39M | 7.53M |
| Days Sales Outstanding | 53.53 | 118.44 | 75.05 | 54.76 | 91.11 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 1.38M | 929.68K | 966.29K | 580.77K | 1.06M |
| Total Non-Current Assets | 792.66K | 479.79K | 356.14K | 951.64K | 620.28K |
| Property, Plant & Equipment | 557.58K | 339.41K | 279.32K | 337.75K | 462.89K |
| Fixed Asset Turnover | 395.10x | 210.52x | 209.60x | 145.77x | 65.14x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 511.22K | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 47.79M | 41.1M | 27.87M | 20.76M | 20.8M |
| Asset Turnover | 3.79x | 1.74x | 2.10x | 2.37x | 1.45x |
| Asset Growth % | 72.59% | 47.47% | 34.22% | -0.18% | - |
| Total Current Liabilities | 14.57M | 12.13M | 7.21M | 5.01M | 9.05M |
| Accounts Payable | 3.67M | 2.26M | 1.53M | 1.03M | 5.53M |
| Days Payables Outstanding | 6.92 | 12.87 | 10.79 | 8.97 | 80.29 |
| Short-Term Debt | 4.98M | 4.71M | 1.7M | 1.12M | 831.32K |
| Deferred Revenue (Current) | 10.97K | 1.01K | 14.1K | 93.99K | 237.12K |
| Other Current Liabilities | 1.99M | 0 | 0 | 0 | 0 |
| Current Ratio | 3.23x | 3.35x | 3.82x | 3.95x | 2.23x |
| Quick Ratio | 3.23x | 3.35x | 3.82x | 3.95x | 2.23x |
| Cash Conversion Cycle | 46.61 | - | - | - | - |
| Total Non-Current Liabilities | 2.39M | 1.35M | 2.03M | 933.28K | 1.9M |
| Long-Term Debt | 2.39M | 1.28M | 1.87M | 727.02K | 1.61M |
| Capital Lease Obligations | 631.59K | 66.93K | 160.71K | 206.27K | 294.06K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -285.36K | 0 | 0 | 0 | 0 |
| Total Liabilities | 16.96M | 13.48M | 9.24M | 5.94M | 10.95M |
| Total Debt | 7.65M | 6.15M | 3.82M | 2.11M | 2.8M |
| Net Debt | 7.34M | -952.74K | -468.18K | -1.27M | -1.35M |
| Debt / Equity | 0.25x | 0.22x | 0.20x | 0.14x | 0.28x |
| Debt / EBITDA | 0.71x | 1.25x | 0.75x | 0.37x | 0.72x |
| Net Debt / EBITDA | 0.68x | -0.19x | -0.09x | -0.22x | -0.35x |
| Interest Coverage | 34.48x | 30.50x | 37.52x | 72.10x | 45.91x |
| Total Equity | 30.84M | 27.62M | 18.63M | 14.82M | 9.85M |
| Equity Growth % | 74.97% | 48.23% | 25.74% | 50.41% | - |
| Book Value per Share | 1.32 | 1.26 | 0.85 | 0.67 | 0.45 |
| Total Shareholders' Equity | 30.84M | 27.62M | 18.63M | 14.82M | 9.85M |
| Common Stock | 2.34K | 2.34K | 2.2K | 2.2K | 2.2K |
| Retained Earnings | 20.02M | 17.58M | 13.72M | 9.4M | 4.85M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 396.36K | -376.12K | -434.54K | 67.91K | 481.1K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Liquidity and working capital
According to the 2026Q2 balance sheet, YSXT's total assets grew to $47.8M from $26.0M in 2024Q2, yet this expansion appears disconnected from cash generation as the company's cash position plummeted from $7.1M in 2025Q4 to a mere $319.1K in the most recent quarter.
The rapid growth in total assets suggests an aggressive scaling of the business, yet the simultaneous depletion of cash reserves indicates that this growth is consuming capital at an unsustainable rate. Investors should monitor whether this asset accumulation represents high-quality receivables or merely an buildup of non-liquid items that fail to support operational needs.
Based on the 2026Q2 reported figures, YSXT's cash balance of $319.1K represents a significant decline from previous periods, leaving the company with a precarious liquidity buffer relative to its scale of operations and the ongoing working capital demands inherent in its service-aggregation model.
While the current ratio of 3.23 appears healthy on the surface, the extreme concentration of liquidity in non-cash current assets suggests that the company may struggle to meet immediate obligations if receivables are not collected promptly. This liquidity profile warrants further investigation into the aging of accounts receivable and the potential for future financing requirements.
As reported in financial statements, YSXT maintains a conservative debt-to-equity ratio of 0.25, which suggests that the company has avoided significant reliance on external credit markets to fund its recent expansion despite the evident pressure on its internal cash flow generation capabilities.
The modest debt load indicates that the company's current financial distress is driven by operational working capital mismatches rather than excessive interest burdens. However, the reliance on debt to bridge the gap between service fulfillment and client payment may become a structural necessity if cash flow remains negative.
Data from the balance sheet shows that YSXT's equity base has expanded to $30.8M, primarily driven by an increase in retained earnings to $20.0M, yet this accounting growth appears decoupled from the company's actual cash position and ability to fund operations internally.
The reliance on retained earnings to bolster the equity base may be misleading if the underlying profits are not being converted into cash. This discrepancy suggests that the quality of equity is lower than the headline figures imply, as it does not provide a tangible buffer against operational shocks.
As indicated by the 2026Q2 balance sheet, the company's reliance on non-cash current assets to maintain a high current ratio masks a severe underlying liquidity risk that makes the headline balance sheet strength appear more robust than the actual cash-on-hand suggests.
The significant gap between reported assets and available cash implies that YSXT is effectively financing its insurance clients' service cycles, which creates a persistent risk of bad debt or extended collection periods. Investors should be wary that the balance sheet may be overstating the company's ability to withstand a sudden contraction in service demand.
Quick answers to the most common questions about buying YSXT stock.
As of 2025, YSX Tech. Co., Ltd (YSXT) had total assets of $41.1M including $40.6M in current assets.
YSX Tech. Co., Ltd (YSXT) carries total debt of $6.2M, offset by $7.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
YSX Tech. Co., Ltd (YSXT) has total shareholders' equity (book value) of $27.6M ($1.26 book value per share). Book value represents the net worth of the company belonging to common stock holders.
YSX Tech. Co., Ltd (YSXT) reported a current ratio of 3.35x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.