Lixiang Education Holding Co. (LXEH) Balance Sheet: Assets & Liabilities

Lixiang Education Holding Co. (LXEH) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Lixiang Education Holding Co. reported total assets of CNY 316.92M and total liabilities of CNY 163.71M. Shareholders' equity was CNY 153.21M, up 4.8% from CNY 146.14M a year earlier. Total debt stood at CNY 122.46M against CNY 12.78M in cash and short-term investments, a net debt position of CNY 109.68M. That puts debt-to-equity at 0.80, compared with 0.84 a year earlier.

Lixiang Education Holding Co. Balance Sheet Analysis

Values in billions CNY

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Lixiang Education Holding Co., Ltd. (LXEH) - Annual data in billions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	0.01	0.22	0.23	0.25	0.20	0.20	0.02	0.00	0.04
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.01	0.01
Cash & Short-Term Investments	0.01	0.22	0.23	0.25	0.20	0.20	0.04	0.01	0.05
Accounts Receivable	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.01
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.01	0.00	0.00	0.00	0.10	0.27	0.01	0.01	0.00
Total Current Assets	0.03	0.24	0.24	0.33	0.30	0.48	0.06	0.02	0.06
Non-Current Assets
Property, Plant & Equipment (Net)	0.20	0.20	0.15	0.17	0.17	0.16	0.20	0.20	0.19
Long-Term Investments	0.04	0.00	0.00	0.27	0.23	0.00	0.00	0.00	0.02
Goodwill	0.00	0.00	0.00	0.07	0.03	0.00	0.00	0.00	0.00
Intangible Assets	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.04	0.00
Other Non-Current Assets	0.01	0.00	0.00	0.00	-0.23	0.04	0.00	0.00	0.04
Total Non-Current Assets	0.28	0.23	0.19	0.28	0.23	0.24	0.24	0.24	0.25
Total Assets	0.32	0.47	0.43	0.61	0.53	0.72	0.30	0.27	0.31
Current Liabilities
Accounts Payable	0.01	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.00
Short-Term Debt	0.08	0.08	0.08	0.06	0.08	0.02	0.08	0.09	0.09
Current Portion of Long-Term Debt	-	-	0.00	0.00	-	-	-	-	-
Accrued Liabilities	0.02	0.00	0.00	0.00	0.00	0.01	-	-	-
Deferred Revenue	0.01	0.01	0.01	0.01	0.00	0.02	0.02	0.02	0.02
Other Current Liabilities	0.02	0.00	0.00	0.02	0.33	0.31	0.02	0.02	0.07
Total Current Liabilities	0.12	0.11	0.10	0.13	0.41	0.36	0.13	0.14	0.18
Non-Current Liabilities
Long-Term Debt	0.04	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.02
Other Non-Current Liabilities	0.00	0.00	0.17	0.22	0.00	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	0.04	0.21	0.17	0.22	0.08	0.00	0.00	0.00	0.02
Total Liabilities	0.16	0.33	0.28	0.36	0.41	0.36	0.13	0.14	0.20
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01
Retained Earnings	-0.33	-0.27	-0.25	-0.12	-0.11	0.14	0.11	0.07	0.07
Accumulated Other Comprehensive Income	0.01	0.07	0.07	0.07	0.05	0.05	0.05	0.04	0.03
Additional Paid-in Capital	0.48	0.34	0.33	0.31	0.18	0.18	0.01	0.05	0.00
Minority Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	1.92	0.12	0.12	0.07	0.07	-	-	-	-
Total Stockholders' Equity	0.15	0.15	0.16	0.25	0.12	0.37	0.17	0.12	0.11
Total Liabilities & Equity	0.32	0.47	0.43	0.61	0.53	0.72	0.30	0.27	0.31

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Lixiang Education Holding Co. Balance Sheet

How much debt does Lixiang Education Holding Co. have?

Lixiang Education Holding Co. had total debt of CNY 122.46M as of Dec 31, 2025, against CNY 12.78M in cash and short-term investments. Its debt-to-equity ratio was 0.80. Total debt was CNY 122.35M a year earlier.

What are Lixiang Education Holding Co.'s total assets?

Lixiang Education Holding Co. reported total assets of CNY 316.92M as of Dec 31, 2025, down 32.7% from CNY 470.62M a year earlier. Total liabilities were CNY 163.71M.

What is Lixiang Education Holding Co.'s shareholders' equity?

Lixiang Education Holding Co.'s shareholders' equity was CNY 153.21M as of Dec 31, 2025, or about CNY 0.08 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition