Ambow Education Holding Ltd. balance sheet

At the end of fiscal 2025, Ambow Education Holding Ltd. had total assets of $20.8m, total liabilities of $12.5m and shareholders' equity of $8.3m. It held $831,000 in cash against $3.2m of debt: net debt of $2.4m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ambow Education Holding Ltd.: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	53	107	31	30	16	28	38	28	30	31	23	18	25	3	0	1	1
Receivables	—	—	—	11	8	2	2	2	4	3	3	3	4	2	2	3	2
Inventory	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0
Total current assets	—	—	—	203	112	163	105	89	88	81	57	65	70	16	13	12	11
Goodwill	—	—	—	108	86	14	13	10	11	11	9	4	3	—	—	—	—
Total assets	—	—	—	510	323	243	156	141	150	132	147	161	152	26	21	17	21
Accounts payable	—	—	—	8	7	6	4	4	4	2	2	3	5	2	1	1	2
Deferred revenue (current)	—	—	—	81	88	19	18	16	18	18	—	—	—	—	—	—	—
Total current liabilities	—	—	—	267	240	240	130	121	117	94	87	99	95	12	10	7	5
Short-term debt	—	—	—	10	16	6	0	0	—	6	—	2	2	3	4	3	1
Long-term debt	—	—	—	—	—	—	—	—	6	0	—	1	—	—	—	—	3
Total debt	—	—	—	29	33	9	0	0	6	6	—	3	2	3	4	3	3
Total liabilities	—	—	—	288	257	251	134	124	125	94	123	139	129	18	14	11	13
Shareholders' equity	—	—	—	176	65	−8	22	17	26	38	24	22	23	8	6	7	8
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	46	—	—	—	—	—	—	—	—	—	—	—	—	—
Net debt (negative = net cash)	−53	−107	−31	−1	17	−19	−38	−28	−24	−25	−23	−15	−23	−0	4	2	2
Shares outstanding	—	—	7m	7m	9m	—	2m	2m	—	—	—	—	—	—	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

Ambow Education Holding Ltd.: balance sheet, quarterly
Quarter	2025 Q1Mar 2025	2025 Q2Jun 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	—	—	3	1
Inventory	—	—	0	0
Total current assets	—	—	10	9
Total assets	—	—	20	19
Accounts payable	—	—	1	1
Total current liabilities	—	—	4	4
Short-term debt	—	—	1	1
Long-term debt	—	—	3	3
Total debt	—	—	3	3
Total liabilities	—	—	11	11
Shareholders' equity	7	9	9	9

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Ambow Education Holding Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ambow Education Holding Ltd.