The company's financial position is increasingly fragile, evidenced by an $88.0 million deficit in retained earnings and a significant reduction in net PPE to $629.8K as of 2025Q4.
| Total Current Assets | 16.55M | 12.25M | 22.22M | 6.47M | 6.05M | 5.52M |
| Cash & Short-Term Investments | 4.57M | 3.2M | 8.55M | 764.49K | 442.21K | 217.67K |
| Cash Only | 4.57M | 2.37M | 7.37M | 764.49K | 442.21K | 217.67K |
| Short-Term Investments | 0 | 834.3K | 1.18M | 0 | 0 | 0 |
| Accounts Receivable | 821.08K | 7.09M | 10.58M | 4.71M | 1.17M | 3.04M |
| Days Sales Outstanding | 103.96 | 416.16 | 404.82 | 209.21 | 53.51 | 257.71 |
| Inventory | 0 | 1.02M | 1.86M | 723.61K | 209.5K | 257.85K |
| Days Inventory Outstanding | - | 57.7 | 138.31 | 120.56 | 24.54 | 44.36 |
| Other Current Assets | 10.97M | 935.57K | 1.23M | 280.79K | 4.23M | 936.77K |
| Total Non-Current Assets | 629.76K | 3.08M | 5.93M | 5.43M | 105.58K | 2.12M |
| Property, Plant & Equipment | 629.76K | 1.37M | 1.22M | 101.88K | 90.08K | 93.65K |
| Fixed Asset Turnover | 4.58x | 4.55x | 7.82x | 80.59x | 88.57x | 45.98x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 12.39K | 18.05K | 16.44K | 15.49K | 0 |
| Long-Term Investments | 0 | 1.63M | 4.14M | 5.31M | 908.3K | 0 |
| Other Non-Current Assets | 0 | 66.78K | 558.7K | 2.35K | -908.3K | 2.03M |
| Total Assets | 17.18M | 15.33M | 28.15M | 11.9M | 7.07M | 7.64M |
| Asset Turnover | 0.17x | 0.41x | 0.34x | 0.69x | 1.13x | 0.56x |
| Asset Growth % | 12.11% | -45.56% | 136.49% | 68.47% | -7.51% | - |
| Total Current Liabilities | 2.86M | 8.33M | 4.02M | 3.69M | 2.41M | 6.28M |
| Accounts Payable | 802.2K | 6.99K | 60.06K | 103.28K | 11.55K | 12.55K |
| Days Payables Outstanding | 102.28 | 0.39 | 4.47 | 17.21 | 1.35 | 2.16 |
| Short-Term Debt | 317.2K | 3.21M | 163.15K | 2.77M | -905.62K | 0 |
| Deferred Revenue (Current) | 0 | 2.17M | 279.72K | 731.43K | 905.62K | 5.88M |
| Other Current Liabilities | 1.74M | 2.94M | 3.46M | 2.75M | 1.49M | 396.11K |
| Current Ratio | 5.79x | 1.47x | 5.52x | 1.76x | 2.51x | 0.88x |
| Quick Ratio | 5.79x | 1.35x | 5.06x | 1.56x | 2.42x | 0.84x |
| Cash Conversion Cycle | - | 473.47 | 538.66 | 312.56 | 76.7 | 299.91 |
| Total Non-Current Liabilities | 269.66K | 674.13K | 537.43K | 0 | 0 | 0 |
| Long-Term Debt | 269.66K | 393.51K | 537.43K | 0 | 0 | 0 |
| Capital Lease Obligations | 269.66K | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -269.66K | 130.13K | -1.26M | 0 | 0 | 0 |
| Total Liabilities | 3.13M | 9.01M | 4.56M | 3.69M | 2.41M | 6.28M |
| Total Debt | 856.52K | 3.6M | 700.58K | 0 | 0 | 0 |
| Net Debt | -3.71M | 1.23M | -6.67M | -764.49K | -442.21K | -217.67K |
| Debt / Equity | 0.06x | 0.59x | 0.03x | - | - | - |
| Debt / EBITDA | - | - | 0.50x | - | - | - |
| Net Debt / EBITDA | - | - | -4.72x | -0.17x | -0.12x | -0.34x |
| Interest Coverage | -93.96x | -12.82x | - | - | 2107.53x | 580.50x |
| Total Equity | 14.05M | 6.08M | 22.33M | 8.22M | 4.66M | 1.36M |
| Equity Growth % | 131.1% | -72.77% | 171.81% | 76.48% | 243.45% | - |
| Book Value per Share | 40.52 | 4.96 | 18.76 | 9.86 | 5.59 | 1.63 |
| Total Shareholders' Equity | 14.05M | 5.94M | 22.06M | 7.8M | 4.19M | 845.9K |
| Common Stock | 97.95K | 24.55K | 21.43K | 15K | 15K | 15K |
| Retained Earnings | -87.98M | -9.34M | 7.46M | 6.85M | 4.09M | 748.74K |
| Treasury Stock | 0 | - | - | - | - | - |
| Accumulated OCI | -85.94K | -182.86K | 1.43M | 630.2K | 219.69K | 7.22K |
| Minority Interest | 0 | 137.41K | 264.69K | 414.43K | 460.63K | 509.49K |
Capital Erosion and Insolvency
According to recent SEC filings, JZXN's total assets have contracted from a peak of $28.2 million in 2021Q4 to $17.2 million by 2025Q4, reflecting a persistent decline in the company's operational footprint and a fundamental weakening of its overall balance sheet quality over the last four years.
The consistent reduction in total assets suggests that the company is struggling to maintain its market presence in the competitive Chinese NEV distribution sector. This downward trajectory in asset value appears to mirror the broader revenue collapse, indicating that the business model is failing to generate the necessary scale to sustain its historical asset base.
As reported in financial statements, JZXN's retained earnings have plummeted to a deficit of $88.0 million as of 2025Q4, a stark deterioration from the positive $8.4 million balance observed in 2021Q4, which signals severe and ongoing value destruction for the company's equity holders.
The rapid accumulation of losses suggests that the company's core operations are fundamentally unable to cover fixed costs, leading to a significant erosion of book value. Investors should monitor whether this trend necessitates further dilutive equity financing to prevent a total depletion of the remaining equity base.
Based on reported figures, JZXN maintains a current ratio of 5.79 as of 2025Q4, yet this high headline liquidity appears misleading given the company's $4.6 million cash position relative to its massive, ongoing net losses and the absence of any meaningful deferred revenue to support future operations.
While the current ratio suggests a short-term buffer, the lack of revenue-generating performance indicates that this liquidity is likely being consumed rapidly to fund operating deficits. The absence of deferred revenue further implies that there is no pipeline of future service obligations to provide a cushion against further cash burn.
As evidenced by the company's balance sheet, the shift toward a negligible $629.8K in net PPE by 2025Q4, down from $1.4 million in 2022Q4, suggests that JZXN is rapidly divesting its physical infrastructure, which may indicate a strategic retreat from its previously touted asset-light franchise model.
The reduction in PPE warrants further investigation, as it may signal that the company is liquidating its remaining operational assets to maintain basic liquidity. This trend raises concerns about the long-term viability of the franchise network, as a lack of physical presence could further diminish the brand's value proposition to potential local partners.
Quick answers to the most common questions about buying JZXN stock.
As of 2025, Jiuzi Holdings, Inc. (JZXN) had total assets of $17.2M including $16.6M in current assets.
Jiuzi Holdings, Inc. (JZXN) carries total debt of $0.9M, offset by $4.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Jiuzi Holdings, Inc. (JZXN) has total shareholders' equity (book value) of $14.1M ($40.52 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Jiuzi Holdings, Inc. (JZXN) reported a current ratio of 5.79x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.