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Kaixin Auto Holdings Balance Sheet 2025-2011 | KXIN
Brief balance sheet overview of Kaixin Auto Holdings
The comparison uses five available annual reports from the 2020–2025 interval.
Assets rose from $6.6 million to $33 million, a gain of +400.8%, while CAGR was about 38%. The balance sheet expanded rapidly.
Funding shifted toward liabilities: they gained +2,478.6%, compared with +400.8% for assets.
Equity funds 66.4% of assets versus 93.5% initially. This creates a conservative balance sheet structure.
Cash accounts for 2.6% of assets versus 9.2% initially. The change indicates the degree of financial flexibility.
Retained earnings remain negative at -$431.4 million. This may reflect past losses or substantial shareholder distributions, so earnings and buybacks provide important context.
What the balance sheet shows
Kaixin Auto Holdings's financial structure is not clear-cut. Asset scale alone does not resolve questions about how those assets are funded.
Annual Balance Sheet Kaixin Auto Holdings
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | -2.16 M | -1.72 M | - | -4.75 M | - | - | 460 K | -165 K | - | - | - | - | - | - |
Long Term Debt |
- | 90 K | 238 K | - | 431 K | - | - | - | - | - | - | - | - | - | - |
Long Term Debt Current |
94 K | 141 K | 126 K | - | 85 K | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | 6.7 M | 26 K | 7.91 M | - | - | - | - | - | - | - | - |
Total Current Liabilities |
8.96 M | 9.05 M | 15.1 M | - | 29.4 M | 430 K | 51 M | 1.31 M | 19.9 K | - | - | - | - | - | - |
Total Liabilities |
11.1 M | 11.5 M | 18.6 M | - | 36.1 M | 430 K | 59 M | 1.31 M | 19.9 K | 84.5 K | - | - | - | - | - |
Deferred Revenue |
6 K | 77 K | - | - | 553 K | 410 K | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-431 M | -378 M | -337 M | - | -198 M | -1.72 M | -188 M | 2.59 M | 328 K | -9.5 K | - | - | - | - | - |
Total Assets |
33 M | 24.6 M | 67.6 M | - | 74.2 M | 6.59 M | 54.4 M | 211 M | 207 M | 75 K | - | - | - | - | - |
Cash and Cash Equivalents |
859 K | 2.39 M | 2.08 M | 7.1 M | 5.26 M | 607 K | 4 K | 7.95 M | 165 K | - | - | - | - | - | - |
Book Value |
21.9 M | 13.2 M | 49 M | - | 38.1 M | 6.16 M | -4.57 M | 209 M | 207 M | -9.5 K | - | - | - | - | - |
Total Shareholders Equity |
21.9 M | 13.2 M | 45.6 M | 35.5 M | 29.7 M | 6.16 M | 4.02 M | 5 M | 5 M | -9.5 K | - | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet Kaixin Auto Holdings
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
- | 90 K | 238 K | - | - | - | - | 431 K | - | - | - | 26 K | - | - | - | 810 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | - | 6.7 M | - | - | - | 26 K | - | - | - | 810 K | - | - | - | 93.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
11.1 M | 11.5 M | 18.6 M | - | - | - | - | 36.1 M | - | - | - | 430 K | - | - | - | 51.9 M | - | - | - | 261 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
6 K | 77 K | - | - | - | - | - | 553 K | - | - | - | 410 K | - | - | - | 1.68 M | - | - | - | 4.08 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-431 M | -378 M | -337 M | - | - | - | - | -198 M | - | - | - | -1.72 M | - | - | - | -192 M | - | - | 3.31 M | -146 M | 2.47 M | 1.65 M | 2.59 M | 328 K | 328 K | 328 K | 328 K | -9.5 K | -9.5 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
33 M | 24.6 M | 67.6 M | - | - | - | - | 74.2 M | - | - | - | 6.59 M | - | - | - | 54.4 M | - | - | 214 M | 191 M | 210 M | 209 M | 211 M | 207 M | 207 M | 207 M | 207 M | 75 K | 75 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
859 K | 2.39 M | 2.08 M | 7.1 M | - | - | - | 5.26 M | - | - | - | 607 K | - | - | - | 3.19 M | - | - | 54 K | 7.95 M | 375 K | 463 K | 39.6 K | 17.2 M | 165 K | 165 K | 165 K | 35 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
21.9 M | 13.2 M | 49 M | - | - | - | - | 38.1 M | - | - | - | 6.16 M | - | - | - | 2.53 M | - | - | 214 M | -69.7 M | 210 M | 209 M | 211 M | 207 M | 207 M | 207 M | 207 M | 75 K | 75 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
21.9 M | 13.2 M | 45.6 M | 35.5 M | - | - | - | 29.7 M | - | - | - | 6.16 M | - | - | - | -4.57 M | - | - | 5 M | -102 M | 5 M | 5 M | 5 M | 5 M | 5 M | 5 M | 5 M | -9.5 K | -9.5 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Kaixin Auto Holdings, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Auto dealerships
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