KE Holdings Inc. (BEKE) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Total Current Assets | 68.16B | 68.43B | 67.76B | 70.17B | 76.6B | 69.68B | 70.66B | 70.54B | 69.75B | 69.17B | 70.17B | 76.76B | 70.42B | 67.13B | 60.42B | 61.48B | 69.93B | 70.31B | 82.33B | 85.06B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 15.95B | 9.22B | 11.12B | 12.77B | 11.44B | 9.58B | 9.41B | 17.85B | 19.63B | 15.84B | 31.75B | 30.59B | 19.41B | 18.95B | 12.38B | 16.58B | 20.45B | 21.78B | 30.54B | 26.88B |
| Short-Term Investments | 39.61B | 39.77B | 33.86B | 31.88B | 41.32B | 43.65B | 42.22B | 36.03B | 34.26B | 38.41B | 22.95B | 28.14B | 35.49B | 32.71B | 30.64B | 26.83B | 29.4B | 23.34B | 17.88B | 22.21B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 18.81 | 16.55 | 16.89 | 20.13 | 12.67 | 14.63 | 13.82 | 17.26 | 13.18 | 16.45 | 19.02 | 19.13 | 24.65 | 27.7 | 42.05 | 58.68 | 51.32 | 61.89 | 50.44 | 56.86 |
| Inventory | 2.86B | 0 | 0 | 0 | 1.61B | 0 | 0 | 0 | 304.21M | -6B | 0 | 0 | 127.56M | 0 | 0 | 0 | 19.04M | 0 | 0 | 0 |
| Days Inventory Outstanding | 15.07 | - | - | - | 6.18 | - | - | - | 7.37 | - | - | - | 0.93 | - | - | - | 0.12 | - | - | - |
| Other Current Assets | 4.14B | 6.74B | 18.26B | 20.38B | 8.86B | 6.24B | 15.12B | 19.99B | 10.66B | 18.16B | 1.33B | 9.23B | 9.96B | 1.86B | 7.96B | 7.87B | 8.78B | 10.87B | 15.75B | 17.71B |
| Total Non-Current Assets | 48.58B | 50.87B | 55.93B | 60.45B | 56.55B | 53.12B | 51.84B | 48.48B | 50.58B | 49.21B | 47.24B | 41.21B | 38.92B | 40.85B | 43.95B | 37.83B | 30.39B | 31.83B | 25.23B | 21.89B |
| Property, Plant & Equipment | 21.23B | 24.12B | 25.54B | 25.96B | 25.77B | 24.51B | 22.55B | 20.3B | 19.5B | 17.97B | 15.88B | 14.24B | 13.32B | 12.34B | 10.63B | 9.17B | 9.22B | 9.76B | 9.67B | 9.21B |
| Fixed Asset Turnover | 0.98x | 0.93x | 1.01x | 0.90x | 1.24x | 0.96x | 1.09x | 0.82x | 1.08x | 1.05x | 1.29x | 1.47x | 1.31x | 1.53x | 1.39x | 1.36x | 1.87x | 1.86x | 2.56x | 2.36x |
| Goodwill | 4.66B | 4.66B | 4.75B | 4.78B | 4.78B | 4.84B | 4.85B | 4.89B | 4.86B | 4.91B | 4.91B | 4.94B | 4.93B | 5B | 4.98B | 1.99B | 1.81B | 2.11B | 2.5B | 2.47B |
| Intangible Assets | 723.14M | 755.56M | 790.7M | 823.14M | 1.25B | 948.72M | 927.53M | 962.68M | 1.31B | 1.23B | 1.39B | 1.52B | 1.69B | 1.86B | 1.97B | 1.02B | 1.14B | 1.28B | 1.4B | 1.53B |
| Long-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 116.74B | 119.3B | 123.69B | 130.61B | 133.15B | 122.8B | 122.5B | 119.02B | 120.33B | 118.38B | 117.42B | 117.97B | 109.35B | 107.99B | 104.37B | 99.3B | 100.32B | 102.14B | 107.56B | 106.95B |
| Asset Turnover | 0.19x | 0.19x | 0.20x | 0.18x | 0.24x | 0.18x | 0.19x | 0.14x | 0.17x | 0.15x | 0.17x | 0.18x | 0.15x | 0.17x | 0.14x | 0.13x | 0.18x | 0.17x | 0.23x | 0.20x |
| Asset Growth % | -12.32% | -2.85% | 0.97% | 9.74% | 10.65% | 3.73% | 4.33% | 0.89% | 10.05% | 9.63% | 12.5% | 18.8% | 9% | 5.73% | -2.97% | -7.15% | -3.81% | 12.27% | 49.37% | 74.64% |
| Total Current Liabilities | 42.43B | 42.61B | 45.72B | 52.76B | 52.74B | 43.15B | 43.38B | 41.76B | 39.52B | 37.97B | 36.86B | 38.78B | 33.34B | 32.29B | 32.3B | 28.45B | 28.94B | 29.39B | 33.52B | 33.93B |
| Accounts Payable | 6.06B | 5.96B | 6.92B | 7.87B | 9.49B | 6.39B | 6.68B | 5.65B | 6.33B | 5.5B | 5.81B | 6.26B | 5.84B | 5.52B | 5.49B | 4.96B | 5.74B | 5.31B | 6.05B | 5.41B |
| Days Payables Outstanding | 31.7 | 32.68 | 33.12 | 42.21 | 30.5 | 34.47 | 33.3 | 44.48 | 36.12 | 40.22 | 38.83 | 39.09 | 41.3 | 39.43 | 42.92 | 46.59 | 34.18 | 34.07 | 27.67 | 33.58 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 12.1B | 1.71B | 12.49B | 2.55B | -3.53B | 1.65B | 13.01B | 11.62B | 14.31B | 13.11B | 14.39B | 16.99B | 18.33B | 14.35B | 16.54B | 14.62B | 18.64B | 16.88B | 20.09B | 21.11B |
| Current Ratio | 1.61x | 1.61x | 1.48x | 1.33x | 1.45x | 1.61x | 1.63x | 1.69x | 1.76x | 1.82x | 1.90x | 1.98x | 2.11x | 2.08x | 1.87x | 2.16x | 2.42x | 2.39x | 2.46x | 2.51x |
| Quick Ratio | 1.54x | 1.61x | 1.48x | 1.33x | 1.42x | 1.61x | 1.63x | 1.69x | 1.76x | 1.98x | 1.90x | 1.98x | 2.11x | 2.08x | 1.87x | 2.16x | 2.42x | 2.39x | 2.46x | 2.51x |
| Cash Conversion Cycle | 2.18 | - | - | - | -11.64 | - | - | - | -15.56 | - | - | - | -15.72 | - | - | - | 17.25 | - | - | - |
| Total Non-Current Liabilities | 7.48B | 8.74B | 9.13B | 8.9B | 8.96B | 8.75B | 8.42B | 8.14B | 8.61B | 8.44B | 7.77B | 7.22B | 6.95B | 6.45B | 5.41B | 4.33B | 4.33B | 4.59B | 4.58B | 4.52B |
| Long-Term Debt | 183.03M | 137.93M | 56.63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.5M | 7.5M |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 49.91B | 51.36B | 54.85B | 61.66B | 61.7B | 51.9B | 51.79B | 49.9B | 48.13B | 46.42B | 44.63B | 46B | 40.29B | 38.75B | 37.71B | 32.77B | 33.26B | 33.99B | 38.1B | 38.46B |
| Total Debt | 18.53B | 21.1B | 21.97B | 22.34B | 22.65B | 21.68B | 20.21B | 18.6B | 17.99B | 16.71B | 14.67B | 13.04B | 12.19B | 11.15B | 9.08B | 7.8B | 7.51B | 8.11B | 8.04B | 7.85B |
| Net Debt | 2.57B | 11.88B | 10.85B | 9.57B | 11.21B | 12.1B | 10.8B | 750.5M | -1.65B | 867.01M | -17.08B | -17.56B | -7.22B | -7.81B | -3.29B | -8.78B | -12.94B | -13.67B | -22.51B | -19.03B |
| Debt / Equity | 0.28x | 0.31x | 0.32x | 0.32x | 0.32x | 0.31x | 0.29x | 0.27x | 0.25x | 0.23x | 0.20x | 0.18x | 0.18x | 0.16x | 0.14x | 0.12x | 0.11x | 0.12x | 0.12x | 0.11x |
| Debt / EBITDA | 22.79x | 21.57x | 13.46x | 27.79x | 10.62x | 23.33x | 9.09x | 55.42x | 99.01x | 13.22x | 10.24x | 3.93x | 15.69x | 7.01x | - | - | - | - | 5.55x | 6.03x |
| Net Debt / EBITDA | 3.17x | 12.14x | 6.65x | 11.90x | 5.25x | 13.02x | 4.86x | 2.24x | -9.07x | 0.69x | -11.92x | -5.29x | -9.29x | -4.91x | - | - | - | - | -15.53x | -14.60x |
| Interest Coverage | - | - | - | - | 143.38x | - | - | - | 102.83x | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 66.57B | 67.94B | 68.84B | 68.95B | 71.45B | 70.89B | 70.7B | 69.12B | 72.2B | 71.97B | 72.79B | 71.97B | 69.05B | 69.24B | 66.66B | 66.53B | 67.06B | 68.16B | 69.45B | 68.49B |
| Equity Growth % | -6.82% | -4.17% | -2.64% | -0.25% | -1.04% | -1.49% | -2.86% | -3.95% | 4.56% | 3.93% | 9.2% | 8.18% | 2.98% | 1.6% | -4.03% | -2.87% | 0.39% | 33.3% | 105.56% | 125.42% |
| Book Value per Share | 58.49 | 59.06 | 58.88 | 58.73 | 60.81 | 60.33 | 60.17 | 58.55 | 60.89 | 60.49 | 60.11 | 59.12 | 57.47 | 57.32 | 55.98 | 55.94 | 56.52 | 57.86 | 58.09 | 57.20 |
| Total Shareholders' Equity | 66.48B | 67.84B | 68.71B | 68.83B | 71.32B | 70.77B | 70.57B | 68.99B | 72.1B | 71.86B | 72.7B | 71.83B | 68.92B | 69.11B | 66.53B | 66.42B | 66.97B | 68.1B | 69.4B | 68.47B |
| Common Stock | 450.28K | 454K | 462K | 460K | 461K | 463K | 467K | 472K | 475K | 483K | 489K | 488K | 487K | 492K | 491K | 490K | 489K | 489K | 488K | 487K |
| Retained Earnings | 1.14B | 1.18B | 1.36B | -868.11M | -796.91M | -2.18B | -3.35B | -5.24B | -5.67B | -6.19B | -7.35B | -8.66B | -11.41B | -11.61B | -12.33B | -10.46B | -9.84B | -8.82B | -7.07B | -8.17B |
| Treasury Stock | -848.97M | -778.41M | -1.35B | -462.58M | -949.41M | -408.54M | -350.6M | -819.97M | -866.2M | -944.53M | -1.27B | -189.31M | -225.33M | -387.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.35B | 1.4B | 538.1M | 1.54B | 609.11M | 1.09B | 1.21B | 1.12B | 1.06B | 910.57M | 1.14B | -76.98M | 248.1M | 428.4M | -1.07B | -2.45B | -2.16B | -1.73B | -1.84B | -1.23B |
| Minority Interest | 88.6M | 98.51M | 125.18M | 119.61M | 124.18M | 119.09M | 133.87M | 131.2M | 101.28M | 107.83M | 82.49M | 142.74M | 134.08M | 135.3M | 120.84M | 114.52M | 81.52M | 53.15M | 54.1M | 27.25M |