Zhongchao Inc. balance sheet

At the end of fiscal 2025, Zhongchao Inc. had total assets of $24.1m, total liabilities of $1.5m and shareholders' equity of $18.6m. It held $8.1m in cash against $0 of debt.

Balance sheet

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

Zhongchao Inc.: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	3	8	8	15	14	12	8	8	8
Receivables	—	2	5	10	9	7	3	5	3
Inventory	—	—	—	—	—	0	1	1	—
Total current assets	—	13	15	30	27	23	19	19	17
Goodwill	—	—	—	—	—	6	—	—	—
Total assets	—	14	18	35	36	39	24	26	24
Accounts payable	—	0	0	0	0	0	1	1	1
Deferred revenue (current)	—	—	—	—	—	0	1	0	0
Total current liabilities	—	2	2	3	4	4	3	2	2
Short-term debt	—	1	—	—	—	—	—	—	—
Long-term debt	—	—	—	—	3	2	—	—	—
Total debt	0	1	0	0	3	2	—	0	0
Total liabilities	—	3	2	3	4	6	3	2	2
Shareholders' equity	5	11	15	32	33	30	18	21	19
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	3	3	3	4

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 Zhongchao Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Zhongchao Inc.