The company's financial position appears increasingly fragile, with cash reserves falling to $775,334 against $4.3 million in total debt, resulting in a concerning current ratio of 1.20.
| Total Current Assets | 12.73M | 10.35M | 12.05M | 22.12M | 5.53M | 5.14M | 4.08M |
| Cash & Short-Term Investments | 775.33K | 839.62K | 6.55M | 20.35M | 1.19M | 3.21M | 3.11M |
| Cash Only | 775.33K | 839.62K | 6.55M | 20.35M | 1.19M | 3.21M | 3.11M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.31M | 614.35K | 477.94K | 745.88K | 1.37M | 161.54K | 0 |
| Days Sales Outstanding | 23.76 | 22.07 | 28.34 | 25.17 | 33.37 | 4.22 | - |
| Inventory | 73.86K | 375.88K | 153.85K | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 0.78 | 17.6 | 12.87 | - | - | - | - |
| Other Current Assets | 116.96K | 3.01M | 4.68M | 947.24K | 0 | 1.77M | 967.86K |
| Total Non-Current Assets | 11.22M | 6.73M | 7.39M | 1.32M | 1.11M | 12.31M | 10.05M |
| Property, Plant & Equipment | 1.92M | 914.13K | 1.67M | 344.03K | 374.62K | 5.41M | 2.81M |
| Fixed Asset Turnover | 18.50x | 11.11x | 3.68x | 31.44x | 40.11x | 2.58x | 5.40x |
| Goodwill | 3.96M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 781.5K | 0 | 0 | 0 | 0 | 6.36M | 7.17M |
| Long-Term Investments | 4.57M | 4.62M | 5.25M | 0 | 0 | -11.08M | -7.17M |
| Other Non-Current Assets | 0 | 1.2M | 473.39K | 978.87K | 732.66K | 11.48M | 7.17M |
| Total Assets | 23.96M | 17.08M | 19.45M | 23.44M | 6.64M | 17.45M | 14.12M |
| Asset Turnover | 1.48x | 0.59x | 0.32x | 0.46x | 2.26x | 0.80x | 1.07x |
| Asset Growth % | 40.23% | -12.16% | -17.03% | 253.21% | -61.96% | 23.53% | - |
| Total Current Liabilities | 10.63M | 13.57M | 10.82M | 12.57M | 12.58M | 19M | 15.34M |
| Accounts Payable | 2.98M | 1.41M | 974.31K | 665.4K | 210.78K | 48.8K | 836.77K |
| Days Payables Outstanding | 31.36 | 65.94 | 81.51 | 40.46 | 12.39 | 2.32 | 43.32 |
| Short-Term Debt | 865.64K | 2.02M | 48.78K | 1.23M | 1.38M | 2.61M | 1.88M |
| Deferred Revenue (Current) | 4.52M | 4.12M | 3.99M | 4.44M | 6.32M | 10.04M | 8.79M |
| Other Current Liabilities | 839.87K | 168.32K | 1.85M | 1.93M | 1.85M | 4.88M | 108.8K |
| Current Ratio | 1.20x | 0.76x | 1.11x | 1.76x | 0.44x | 0.27x | 0.27x |
| Quick Ratio | 1.19x | 0.74x | 1.10x | 1.76x | 0.44x | 0.27x | 0.27x |
| Cash Conversion Cycle | -6.82 | -26.27 | -40.3 | - | - | - | - |
| Total Non-Current Liabilities | 4.5M | 3.1M | 4.26M | 2.14M | 1.7M | 5.81M | 5.86M |
| Long-Term Debt | 3.21M | 1.84M | 3.31M | 2.14M | 1.03M | 4.66M | 4.85M |
| Capital Lease Obligations | 185.08K | 409.7K | 882.62K | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 230.47K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 873.74K | 854.27K | 63.69K | 0 | 672.56K | 1.15M | 1.01M |
| Total Liabilities | 15.13M | 16.67M | 15.07M | 14.71M | 14.28M | 24.82M | 21.2M |
| Total Debt | 4.26M | 4.51M | 4.79M | 3.37M | 2.41M | 7.28M | 6.72M |
| Net Debt | 3.49M | 3.67M | -1.76M | -16.98M | 1.21M | 4.07M | 3.61M |
| Debt / Equity | 0.48x | 10.96x | 1.10x | 0.39x | - | - | - |
| Debt / EBITDA | - | - | - | - | 1.15x | 4.17x | 1.29x |
| Net Debt / EBITDA | - | - | - | - | 0.58x | 2.33x | 0.69x |
| Interest Coverage | -6.17x | -15.22x | -16.01x | -7.25x | 10.27x | 0.51x | 32.22x |
| Total Equity | 8.83M | 411.37K | 4.38M | 8.73M | -7.64M | -7.37M | -7.08M |
| Equity Growth % | 2046.12% | -90.6% | -49.89% | 214.3% | -3.64% | -4.12% | - |
| Book Value per Share | 3.10 | 0.21 | 2.33 | 6.05 | -5.88 | -5.67 | -3.41 |
| Total Shareholders' Equity | 9.28M | 717.54K | 4.43M | 8.79M | -7.55M | -7.12M | -6.82M |
| Common Stock | 43.64K | 9.9K | 9.54K | 9.18K | 6.5K | 6.5K | 7.5K |
| Retained Earnings | -23.57M | -18.54M | -14.84M | -9.01M | -6.76M | -8.52M | -8.22M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 465.44K | -201.36K | -213.99K | 146.41K | -819.28K | -248.95K | -259.2K |
| Minority Interest | -450.82K | -306.17K | -51.73K | -59.26K | -86.55K | -257.11K | -257.73K |
Imminent liquidity and solvency risk
As reported in recent SEC filings, GSUN's balance sheet has weakened significantly, with cash reserves plummeting from over $20 million in 2022Q4 to just $775,334 by 2025Q4, signaling a precarious trajectory that undermines the company's ability to sustain its current operational scale without external capital support.
The consistent erosion of cash reserves alongside persistent negative retained earnings suggests that the company is struggling to convert its top-line growth into meaningful balance sheet strength. This trajectory indicates that the business model may be fundamentally incapable of self-funding its expansion, leaving the company increasingly reliant on external financing.
Based on the latest quarterly data, GSUN's current ratio of 1.20 masks a critical lack of liquid assets, as the company's cash position of $775,334 is insufficient to cover its short-term obligations, suggesting that the firm faces a high probability of a near-term liquidity crunch.
While the current ratio appears superficially adequate, the composition of current assets is likely heavily weighted toward non-cash items that may not be easily liquidated to meet immediate debt service or operational requirements. Investors should monitor the company's ability to manage its working capital, as the current cash buffer provides minimal protection against unexpected operational shocks.
According to financial statements, GSUN's equity base has remained under extreme pressure, with retained earnings reaching a deficit of $23.6 million in 2025Q4, which highlights the cumulative impact of years of operating losses on the company's long-term financial health and shareholder value.
The persistent negative retained earnings indicate that the company has been unable to generate profitable growth, effectively consuming its equity base over time. This trend suggests that future growth initiatives may require further dilution of existing shareholders, as the company lacks the internal capital generation necessary to support its operations.
As indicated by the 2025Q4 balance sheet, the presence of $4.0 million in goodwill alongside minimal net PPE of $1.9 million suggests that the company's asset base is highly intangible and potentially vulnerable to impairment if the underlying school management contracts fail to deliver expected returns.
The reliance on goodwill as a significant portion of total assets warrants further investigation, as it may reflect past acquisitions that have not yet translated into tangible operational success. If these intangible assets are deemed impaired, the company's already fragile equity position could face further degradation, potentially triggering covenant breaches or additional financing needs.
Quick answers to the most common questions about buying GSUN stock.
As of 2025, Golden Sun Education Group Limited (GSUN) had total assets of $24.0M including $12.7M in current assets.
Golden Sun Education Group Limited (GSUN) carries total debt of $4.3M, offset by $0.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Golden Sun Education Group Limited (GSUN) has total shareholders' equity (book value) of $9.3M ($3.10 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Golden Sun Education Group Limited (GSUN) reported a current ratio of 1.20x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.