Haoxin Holdings Ltd balance sheet
At the end of fiscal 2025, Haoxin Holdings Ltd had total assets of $50.3m, total liabilities of $22.6m and shareholders' equity of $27.6m. It held $1.4m in cash against $10.7m of debt: net debt of $9.2m.
Balance sheet
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|
| Cash and equivalents | 0 | 0 | 0 | 1 |
| Receivables | — | 18 | 19 | 9 |
| Total current assets | — | 26 | 31 | 46 |
| Total assets | — | 28 | 32 | 50 |
| Accounts payable | — | 1 | 1 | 0 |
| Total current liabilities | — | 12 | 14 | 19 |
| Short-term debt | — | 2 | 2 | 8 |
| Long-term debt | — | 1 | 0 | — |
| Total debt | 0 | 3 | 3 | 11 |
| Total liabilities | — | 12 | 14 | 23 |
| Shareholders' equity | 12 | 16 | 18 | 28 |
| Net debt (negative = net cash) | −0 | 3 | 3 | 9 |
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