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Haoxin HoldingsHXHX +4.31%38 Net-Net Working Capital is $-1.07 as of Dec. 2025. GuruFocus rates HXHX with a GF Score™ of 38/100. The stock has 5 warning signs investors should review. Among 228 Transportation companies, Haoxin Holdings ranks worse than 438596.05% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Haoxin Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $-1.07.
The industry rank for Haoxin Holdings's Net-Net Working Capital or its related term are showing as below:
HXHX's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.545 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Haoxin Holdings (NAS:HXHX) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Haoxin Holdings Net-Net Working Capital Related Terms
Haoxin Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Haoxin Holdings's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HXHX vs JYD, SGLY, ELOG: Net-Net Working Capital Comparison
For the Integrated Freight & Logistics subindustry, Haoxin Holdings's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Haoxin Holdings Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, Haoxin Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Haoxin Holdings's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of $-1.07 mean?
Haoxin Holdings (HXHX) has a Net-Net Working Capital of $-1.07 as of Dec. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Haoxin Holdings According to the industry distribution chart, Haoxin Holdings ranks #999999 out of 228 companies in the Transportation industry.
Is Haoxin Holdings' Net-Net Working Capital too high?
Haoxin Holdings' current Net-Net Working Capital is $-1.07. Based on the distribution chart, Haoxin Holdings ranks #999999 out of 228 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Haoxin Holdings has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Haoxin Holdings' Net-Net Working Capital compare to JYD and SGLY?
According to the Transportation industry distribution chart, Haoxin Holdings ranks #999999 out of 228 companies for Net-Net Working Capital. This places Haoxin Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 6.55. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Transportation company?
The median Net-Net Working Capital among Transportation companies is 6.55, based on 228 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Haoxin Holdings For the Transportation industry, the median Net-Net Working Capital is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Haoxin Holdings's current Net-Net Working Capital is $-1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haoxin Holdings stock overvalued right now?
Haoxin Holdings (HXHX) has a current Net-Net Working Capital of $-1.07. The current Net-Net Working Capital is $-1.07. Haoxin Holdings' overall GF Score™ is 38/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Haoxin Holdings (HXHX), the current Net-Net Working Capital is $-1.07 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Haoxin Holdings Ltd is a China-based logistics company engaged in temperature-controlled transportation and urban delivery services. The company provides cold chain logistics, freight forwarding, and related transportation services for goods, including new energy materials, electronic products, pharmaceuticals, meat, fruits, and vegetables. Its principal revenue streams are temperature-controlled truckload services and urban delivery services.
38GF Score
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