X Financial (XYF) Balance Sheet: Assets & Liabilities

X Financial (XYF) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), X Financial reported total assets of CNY 14.67B and total liabilities of CNY 6.83B. Shareholders' equity was CNY 7.84B, up 12.7% from CNY 6.95B a year earlier. Total debt stood at CNY 1.16B against CNY 987.63M in cash and short-term investments, a net debt position of CNY 170.21M. That puts debt-to-equity at 0.15, compared with 0.05 a year earlier.

X Financial Balance Sheet Analysis

Values in billions CNY

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Balance sheet showing assets, liabilities, and shareholders' equity for X Financial (XYF) - Annual data in billions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2020	Mar 2020	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	0.99	2.94	1.20	0.60	0.58	1.65	0.75	1.52	1.11	0.67
Short-Term Investments	0.00	0.00	0.00	0.00	0.08	0.01	-	0.00	0.00	0.00
Cash & Short-Term Investments	0.99	2.94	1.20	0.60	0.58	1.66	0.75	1.52	1.11	0.67
Accounts Receivable	3.15	2.05	6.62	5.10	3.63	0.49	3.29	0.89	1.40	1.11
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Other Current Assets	0.01	0.01	2.50	2.25	2.13	0.06	0.06	0.17	0.05	0.08
Total Current Assets	12.34	5.00	10.31	7.95	6.35	2.21	6.49	2.58	2.56	1.86
Non-Current Assets
Property, Plant & Equipment (Net)	0.02	0.02	0.01	0.01	0.01	0.01	0.06	0.02	0.02	0.02
Long-Term Investments	0.52	5.84	1.10	0.69	0.64	3.46	0.30	4.17	1.44	1.69
Intangible Assets	0.04	0.04	0.04	0.04	0.04	0.30	0.04	0.42	0.03	0.00
Other Non-Current Assets	0.05	0.73	0.19	0.16	0.31	0.92	0.01	0.63	0.24	0.02
Total Non-Current Assets	2.33	6.82	7.06	5.24	4.32	5.29	-	5.70	2.08	2.02
Total Assets	14.67	11.82	11.65	8.84	7.34	7.50	7.50	8.28	4.64	3.89
Current Liabilities
Accounts Payable	3.05	0.26	0.18	0.20	0.08	0.13	-	0.10	0.08	0.05
Short-Term Debt	0.41	0.33	0.57	0.07	0.17	0.35	-	0.00	0.20	0.00
Accrued Liabilities	0.36	0.30	0.82	0.59	0.38	-	0.40	-	-	-
Deferred Revenue	0.49	0.00	0.05	0.00	0.00	0.00	-	0.00	0.00	0.00
Other Current Liabilities	4.87	-0.72	4.30	3.37	2.81	-0.02	0.15	-0.15	-0.17	-0.29
Total Current Liabilities	5.95	0.74	5.74	4.03	3.35	0.60	0.99	0.35	0.55	0.28
Non-Current Liabilities
Long-Term Debt	0.75	0.01	0.01	0.01	0.01	0.02	-	0.02	0.00	0.00
Deferred Tax Liabilities	0.07	0.07	0.03	0.00	0.00	0.00	-	0.00	0.05	0.00
Other Non-Current Liabilities	0.03	3.86	0.07	0.05	0.01	3.80	3.41	3.54	0.52	1.85
Total Non-Current Liabilities	0.88	4.12	0.07	0.05	0.01	3.82	-	3.56	0.57	1.85
Total Liabilities	6.83	4.87	5.80	4.08	3.37	4.42	4.42	3.91	1.12	2.12
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	5.48	4.17	2.69	1.62	0.81	-0.01	-0.01	1.31	0.64	-0.24
Accumulated Other Comprehensive Income	0.06	0.08	0.07	0.06	0.01	0.02	0.02	0.07	0.05	0.03
Treasury Stock	0.97	0.51	0.11	0.12	-	-	-	-	-	-
Additional Paid-in Capital	3.26	2.70	3.09	3.07	3.16	3.07	-	2.99	2.82	1.97
Minority Interest	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Shares Outstanding	0.23	0.25	0.29	0.29	0.33	-	-	-	-	-
Total Stockholders' Equity	7.84	6.95	5.85	4.75	3.98	3.07	3.08	4.37	3.52	1.76
Total Liabilities & Equity	14.67	11.82	11.65	8.84	7.34	7.50	-	8.28	4.64	3.89

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

Frequently Asked Questions About X Financial Balance Sheet

How much debt does X Financial have?

X Financial had total debt of CNY 1.16B as of Dec 31, 2025, against CNY 987.63M in cash and short-term investments. Its debt-to-equity ratio was 0.15. Total debt was CNY 341.23M a year earlier.

What are X Financial's total assets?

X Financial reported total assets of CNY 14.67B as of Dec 31, 2025, up 24.1% from CNY 11.82B a year earlier. Total liabilities were CNY 6.83B.

What is X Financial's shareholders' equity?

X Financial's shareholders' equity was CNY 7.84B as of Dec 31, 2025, or about CNY 33.42 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