Lixiang Education Holding Co. Ltd. balance sheet

At the end of fiscal 2025, Lixiang Education Holding Co. Ltd. had total assets of $45.3m, total liabilities of $23.4m and shareholders' equity of $21.9m. It held $1.8m in cash against $12.0m of debt: net debt of $10.2m.

Balance sheet

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

Lixiang Education Holding Co. Ltd.: balance sheet, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	0	4	31	31	36	32	30	2
Receivables	—	0	—	—	0	0	0	0
Inventory	—	0	0	0	0	0	—	—
Total current assets	—	9	74	47	48	34	32	5
Goodwill	—	—	—	4	10	—	—	—
Total assets	—	44	111	84	88	61	64	45
Accounts payable	—	1	1	1	0	0	0	1
Deferred revenue (current)	—	3	0	0	1	1	1	1
Total current liabilities	—	19	54	65	19	15	15	18
Short-term debt	—	12	4	12	0	0	12	12
Long-term debt	—	—	—	12	0	11	12	—
Total debt	0	12	4	24	20	21	23	12
Total liabilities	—	19	54	65	52	39	45	23
Shareholders' equity	18	25	56	19	37	22	20	22
Net debt (negative = net cash)	−0	8	−27	−7	−16	−11	−7	10
Shares outstanding	—	—	—	—	—	—	—	—

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 Lixiang Education Holding Co. Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Lixiang Education Holding Co. Ltd.