Shengfeng Development (SFWL) Balance Sheet: Assets & Liabilities

Shengfeng Development (SFWL) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Shengfeng Development reported total assets of $346.97M and total liabilities of $208.10M. Shareholders' equity was $138.86M, up 12.5% from $123.45M a year earlier. Total debt stood at $87.73M against $35.29M in cash and short-term investments, a net debt position of $52.44M. That puts debt-to-equity at 0.63, compared with 0.57 a year earlier.

Shengfeng Development Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Shengfeng Development Limited (SFWL) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Current Assets
Cash and Cash Equivalents	35.29	34.67	26.73	21.29	18.64	27.32	18.42
Cash & Short-Term Investments	35.29	34.67	26.73	21.29	18.64	27.32	18.42
Accounts Receivable	143.68	134.64	105.19	89.11	80.62	83.65	56.25
Inventory	0.00	0.00	0.00	2.08	0.28	0.91	0.05
Other Current Assets	25.47	35.23	17.11	18.29	17.93	15.72	11.83
Total Current Assets	216.59	205.24	149.11	135.70	121.70	129.55	86.54
Non-Current Assets
Property, Plant & Equipment (Net)	75.81	69.89	59.09	68.15	77.19	60.75	55.63
Long-Term Investments	8.87	1.90	1.91	2.04	2.14	2.02	16.17
Intangible Assets	11.21	11.41	12.16	6.71	7.53	7.63	7.61
Other Non-Current Assets	34.47	21.69	43.57	14.64	14.74	25.64	3.71
Total Non-Current Assets	130.37	104.89	116.73	109.56	122.51	104.04	90.56
Total Assets	346.97	310.13	265.84	245.26	244.21	232.18	177.10
Current Liabilities
Accounts Payable	91.47	90.42	62.29	57.05	54.09	54.73	34.50
Short-Term Debt	53.90	54.31	44.60	49.70	45.96	59.56	35.78
Current Portion of Long-Term Debt	2.77	-	-	-	-	-	-
Accrued Liabilities	15.65	10.72	20.89	6.55	7.85	15.42	-
Deferred Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.16
Other Current Liabilities	4.15	3.02	2.28	12.21	14.29	14.43	16.76
Total Current Liabilities	170.61	162.68	136.38	130.80	125.35	129.02	87.36
Non-Current Liabilities
Long-Term Debt	33.83	16.39	10.90	17.51	21.49	17.29	31.71
Deferred Tax Liabilities	0.25	0.05	4.25	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	1.50	2.89	6.25	1.87	1.47	1.50	-14.67
Total Non-Current Liabilities	37.49	24.00	17.15	19.38	22.96	18.79	17.04
Total Liabilities	208.10	186.68	153.53	150.17	148.31	147.80	104.40
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Retained Earnings	54.35	42.42	31.54	17.28	10.03	6.56	-2.38
Accumulated Other Comprehensive Income	-6.20	-9.05	-7.37	-1.64	5.98	0.48	-2.03
Additional Paid-in Capital	83.76	83.76	83.76	75.58	75.58	75.58	75.58
Minority Interest	6.95	6.30	4.37	3.86	4.31	1.76	1.54
Shares Outstanding	82.50	82.50	82.50	82.40	82.40	-	-
Total Stockholders' Equity	138.86	123.45	112.31	91.22	91.59	84.38	71.17
Total Liabilities & Equity	346.97	310.13	265.84	245.26	244.21	232.18	177.10

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

Frequently Asked Questions About Shengfeng Development Balance Sheet

How much debt does Shengfeng Development have?

Shengfeng Development had total debt of $87.73M as of Dec 31, 2025, against $35.29M in cash and short-term investments. Its debt-to-equity ratio was 0.63. Total debt was $70.70M a year earlier.

What are Shengfeng Development's total assets?

Shengfeng Development reported total assets of $346.97M as of Dec 31, 2025, up 11.9% from $310.13M a year earlier. Total liabilities were $208.10M.

What is Shengfeng Development's shareholders' equity?

Shengfeng Development's shareholders' equity was $138.86M as of Dec 31, 2025, or about $1.68 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