GreenTree Hospitality Group Ltd. (GHG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | 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 |
|---|
| Total Current Assets | 2.24B | 1.9B | 1.94B | 2.03B | 2.03B | 1.84B | 1.89B | 1.77B | 1.56B | 1.63B | 1.73B | 1.87B | 943.41M | 1.71B | 1.7B | 1.77B | 1.77B | 1.9B | 1.73B | 1.7B |
| Cash & Short-Term Investments | 1.99B | 1.66B | 1.64B | 1.67B | 1.67B | 1.49B | 1.54B | 1.4B | 1.17B | 1.21B | 1.27B | 1.38B | 943.41M | 873.49M | 872.52M | 891.77M | 891.77M | 1.01B | 961.04M | 1.02B |
| Cash Only | 1.7B | 1.66B | 1.64B | 1.67B | 1.67B | 1.49B | 1.51B | 1.37B | 1.15B | 765.55M | 878.44M | 1.12B | -943.41M | 676.1M | 637.15M | 574.01M | 574.01M | 298.43M | 198.99M | 301.98M |
| Short-Term Investments | 285.57M | 0 | 25.75K | 33.62K | 33.62K | 10.47K | 22.86M | 20.2M | 22.18M | 443.79M | 388.93M | 262.88M | 1.89B | 197.39M | 235.37M | 317.76M | 317.76M | 715.45M | 762.05M | 715.45M |
| Accounts Receivable | 130.34M | 139.07M | 173.06M | 203.87M | 139.72M | 259.07M | 210.27M | 141.21M | 143.11M | 339.64M | 298.24M | 170.78M | 50.63M | 164.95M | 124.78M | 547.03M | 547.03M | 149.57M | 253.29M | 215.14M |
| Days Sales Outstanding | 53.23 | 66.89 | 57.11 | 53.44 | 61.34 | 70.9 | 45.29 | 39.24 | 62.36 | 78.84 | 53.97 | 24.28 | 25.58 | 36.95 | 67.05 | 217.68 | 137.07 | 60.28 | 69.41 | 47.93 |
| Inventory | 5.05M | 4.93M | 6.77M | 7.27M | 7.27M | 6.88M | 6.42M | 6.31M | 8.4M | 20.46M | 26.79M | 23.05M | 4.3M | 2.24M | 2.24M | 2.1M | 2.1M | 2.3M | 2.26M | 2.12M |
| Days Inventory Outstanding | - | 3.39 | 3.65 | 3.57 | 3.44 | 2.9 | 2.85 | 3.37 | 6.31 | 10.27 | 8.65 | 5.08 | 1.21 | 0.8 | 0.81 | 1.24 | 1.29 | 1.09 | 1.17 | 1.32 |
| Other Current Assets | 118.29M | 92.62M | 122.3M | 151.41M | 215.56M | 50.83M | 133.17M | 225.95M | 234.21M | 29.06M | 137.54M | 300.41M | 20.26M | 700.04M | 702.37M | 315.23M | 315.23M | 695.18M | 497.46M | 437.45M |
| Total Non-Current Assets | 2.61B | 2.89B | 3.24B | 3.16B | 3.16B | 3.11B | 3.21B | 3.35B | 3.65B | 3.44B | 3.51B | 3.61B | -943.41M | 3.39B | 2.62B | 2.19B | 2.19B | 2.83B | 2.77B | 2.79B |
| Property, Plant & Equipment | 1.67B | 1.69B | 1.92B | 1.98B | 1.98B | 1.98B | 1.99B | 2.11B | 2.34B | 2.35B | 2.43B | 2.52B | 363.82M | 2.38B | 2.38B | 976.14M | 976.14M | 1.05B | 992.68M | 932.58M |
| Fixed Asset Turnover | 0.14x | 0.12x | 0.16x | 0.15x | 0.15x | 0.15x | 0.17x | 0.15x | 0.15x | 0.16x | 0.16x | 0.29x | 0.28x | 0.15x | 0.27x | 0.23x | 0.23x | 0.30x | 0.32x | 0.42x |
| Goodwill | 25.65M | 25.74M | 96.07M | 96.07M | 96.07M | 96.07M | 177.08M | 177.08M | 177.08M | 177.08M | 128.75M | 128.75M | 18.74M | 29.58M | 29.58M | 29.58M | 29.58M | 120.82M | 105.4M | 104.58M |
| Intangible Assets | 55M | 56.44M | 74M | 74.64M | 74.64M | 75.68M | 114.38M | 115.28M | 116.04M | 117.72M | 170.49M | 171.69M | 25.2M | 38.11M | 38.11M | 272.97M | 272.97M | 520.12M | 539.65M | 528.91M |
| Long-Term Investments | 155.67M | 473.71M | 494.11M | 488.27M | 488.27M | 469.59M | 474.52M | 461.22M | 466.17M | 248.1M | 186.32M | 186.91M | 51.95M | 305.55M | 175.55M | 359.38M | 359.38M | 348.79M | 344.03M | 384.39M |
| Other Non-Current Assets | 470.26M | 407.82M | 415.89M | 278.21M | 521.24M | 246.79M | 278.75M | 487.95M | 302.55M | 304.89M | 341.43M | 349.18M | -943.41M | 408.49M | -2.62B | 339.08M | 552.87M | 651.39M | 643.65M | 701.07M |
| Total Assets | 4.85B | 4.79B | 5.18B | 5.19B | 5.19B | 4.95B | 5.1B | 5.12B | 5.21B | 5.07B | 5.24B | 5.49B | 780.08M | 5.1B | 5.1B | 3.96B | 3.96B | 4.73B | 4.5B | 4.49B |
| Asset Turnover | 0.05x | 0.04x | 0.06x | 0.06x | 0.06x | 0.06x | 0.07x | 0.06x | 0.07x | 0.07x | 0.07x | 0.13x | 0.13x | 0.07x | 0.10x | 0.06x | 0.05x | 0.07x | 0.07x | 0.08x |
| Asset Growth % | -6.52% | -3.19% | 1.63% | 1.36% | -0.25% | -2.36% | -2.69% | -6.62% | 567.41% | -0.7% | 2.84% | 38.62% | -80.29% | 7.83% | 13.22% | -11.78% | -8.62% | 15.56% | 12.87% | 17.45% |
| Total Current Liabilities | 1.39B | 1.18B | 1.18B | 1.2B | 1.2B | 1.17B | 1.23B | 1.19B | 1.2B | 1.34B | 1.55B | 1.67B | 244.29M | 1.24B | 1.23B | 1.15B | 1.15B | 1.25B | 1.02B | 1.06B |
| Accounts Payable | 48.33M | 44.72M | 49.49M | 48.22M | 48.22M | 56.49M | 45.62M | 53.53M | 64.27M | 73.13M | 94.47M | 113.6M | 18.66M | 123.58M | 21.31M | 21.21M | 21.21M | 24.04M | 20.29M | 18.09M |
| Days Payables Outstanding | - | 27.33 | 25.38 | 23.7 | 25.45 | 22.26 | 22.23 | 27.02 | 30.04 | 36.44 | 36.1 | 24.57 | 26.32 | 25.79 | 7.89 | 12.54 | 13.23 | 10.62 | 10.22 | 10.93 |
| Short-Term Debt | 256.2M | 241.62M | 400K | 400K | 400K | 400K | 400K | 400K | 400K | 117M | 124.5M | 270.7M | 79.37M | 298.1M | - | 396.7M | 396.7M | 406.2M | 240M | 290M |
| Deferred Revenue (Current) | 189.39M | 191.21M | 197.2M | 185.83M | 0 | 200.73M | 218.75M | 200.81M | 210.49M | 208.67M | 215.85M | 224.31M | 33.06M | 207.79M | 0 | 225.98M | 0 | 256.85M | 258.76M | 252.86M |
| Other Current Liabilities | 0 | 557.71M | 0 | 0 | 286.92M | 46.98M | 82.53M | 405.15M | 217.86M | 60M | 34.34M | 398.74M | 84.17M | 311.36M | 1.21B | 95.08M | 257.17M | 615.56M | 387.93M | 366.5M |
| Current Ratio | 1.61x | 1.61x | 1.64x | 1.70x | 1.70x | 1.57x | 1.54x | 1.49x | 1.30x | 1.21x | 1.12x | 1.12x | 3.86x | 1.38x | 1.38x | 1.53x | 1.53x | 1.52x | 1.70x | 1.60x |
| Quick Ratio | 1.61x | 1.60x | 1.63x | 1.69x | 1.69x | 1.57x | 1.53x | 1.48x | 1.29x | 1.20x | 1.10x | 1.11x | 3.84x | 1.38x | 1.38x | 1.53x | 1.53x | 1.52x | 1.70x | 1.60x |
| Cash Conversion Cycle | - | 42.95 | 35.38 | 33.32 | 39.34 | 51.54 | 25.92 | 15.59 | 38.63 | 52.68 | 26.52 | 4.78 | 0.47 | 11.96 | 59.96 | 206.38 | 125.13 | 50.75 | 60.36 | 38.31 |
| Total Non-Current Liabilities | 1.84B | 2B | 2.27B | 2.31B | 2.31B | 2.29B | 2.28B | 2.35B | 2.48B | 2.25B | 2.15B | 2.39B | 346.04M | 2.37B | 160M | 1.17B | 1.17B | 1.35B | 1.01B | 997.92M |
| Long-Term Debt | 46.76M | 199.53M | 256M | 256M | 256M | 256.2M | 256.4M | 256.4M | 256.6M | 56.8M | 0 | 150M | 23.28M | 160M | 160M | 170M | 170M | 301.8M | 314.53M | 0 |
| Capital Lease Obligations | 1.03B | 1.03B | 1.23B | 1.26B | 1.26B | 1.22B | 1.3B | 1.33B | 1.42B | 1.39B | 1.39B | 1.47B | 0 | 1.52B | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 53.58M | 55.98M | 69.76M | 59.93M | 0 | 79.67M | 54.1M | 85.38M | 97.66M | 94.72M | 41.26M | 50.77M | 5.32M | 60.46M | 0 | 166.66M | 0 | 247M | 176.42M | 175.8M |
| Other Non-Current Liabilities | 583.72M | 575.81M | 565M | 564.74M | 792.32M | 561.05M | 488.8M | 487.32M | 801.21M | 493.84M | 502.75M | 494.08M | 70.82M | 693.16M | -160M | 1B | 1B | 1.05B | 694.71M | 442.71M |
| Total Liabilities | 3.23B | 3.18B | 3.45B | 3.5B | 3.5B | 3.45B | 3.51B | 3.53B | 3.68B | 3.59B | 3.7B | 4.06B | 590.33M | 3.61B | 3.61B | 2.33B | 2.33B | 2.6B | 2.03B | 2.06B |
| Total Debt | 1.52B | 1.47B | 1.7B | 1.77B | 1.77B | 1.71B | 1.74B | 1.85B | 1.96B | 1.83B | 1.82B | 2.18B | 315.66M | 2.06B | - | 566.7M | 566.7M | 708M | 240M | 290M |
| Net Debt | -179.24M | -186.35M | 63.51M | 102.22M | 102.22M | 223.5M | 227.55M | 477.75M | 807.43M | 1.07B | 945.94M | 1.06B | 943.41M | 1.39B | -637.15M | -7.31M | -7.31M | 409.57M | 41.01M | -11.98M |
| Debt / Equity | 0.94x | 0.92x | 0.98x | 1.05x | 1.05x | 1.15x | 1.09x | 1.17x | 1.28x | 1.24x | 1.18x | 1.52x | 0.19x | 1.38x | - | 0.35x | 0.35x | 0.33x | 0.10x | 0.12x |
| Debt / EBITDA | 56.70x | - | 17.70x | 24.54x | 24.54x | - | 12.88x | 16.32x | 18.92x | 25.70x | 63.28x | 16.19x | 3.77x | 275.33x | - | - | - | 7.40x | 2.51x | 2.62x |
| Net Debt / EBITDA | -6.68x | - | 0.66x | 1.42x | 1.42x | - | 1.68x | 4.21x | 7.79x | 14.97x | 32.81x | 7.89x | 11.28x | 185.02x | -3.99x | - | - | 4.28x | 0.43x | -0.11x |
| Interest Coverage | 14.44x | -9.07x | 45.22x | - | - | -34.91x | 768.36x | 35.30x | 48.96x | 73.41x | 41.06x | 25.49x | 9.63x | - | -6.55x | - | - | -17.15x | 23.11x | 29.24x |
| Total Equity | 1.63B | 1.61B | 1.73B | 1.69B | 1.69B | 1.49B | 1.59B | 1.59B | 1.53B | 1.48B | 1.54B | 1.43B | 1.66B | 1.49B | 1.49B | 1.63B | 1.63B | 2.13B | 2.47B | 2.43B |
| Equity Growth % | -3.78% | 7.81% | 8.88% | 6.31% | 10.48% | 0.85% | 3.25% | 11.38% | -7.76% | -0.98% | 3.49% | -12.6% | 1.56% | -29.97% | -39.81% | -32.78% | -29.66% | -5.14% | 13.03% | 15.41% |
| Book Value per Share | 16.12 | 15.95 | 17.17 | 16.67 | 16.67 | 14.70 | 15.67 | 15.66 | 15.06 | 14.54 | 14.95 | 13.97 | 16.44 | 14.53 | 14.57 | 15.85 | 15.85 | 20.71 | 24.00 | 23.57 |
| Total Shareholders' Equity | 1.6B | 1.58B | 1.7B | 1.66B | 1.66B | 1.46B | 1.56B | 1.55B | 1.49B | 1.44B | 1.51B | 1.39B | 1.66B | 1.45B | 1.44B | 1.52B | 1.52B | 1.95B | 2.29B | 2.25B |
| Common Stock | 338.12M | 338.34M | 338.12M | 338.12M | 338.12M | 338.12M | 338.12M | 338.12M | 338.12M | 338.12M | 338.12M | 338.12M | 49.2M | 338.12M | 338.12M | 338.12M | 338.12M | 338.12M | 338.12M | 338.12M |
| Retained Earnings | -276.04M | -291.73M | -202.06M | -256.88M | -256.88M | -458.34M | -452.43M | -447.75M | -509.44M | -568.34M | -426.13M | -540.87M | -96.8M | -50.09M | -55.92M | -1.33M | -1.33M | 420.46M | 755.71M | 721.27M |
| Treasury Stock | -48.05M | -48.09M | -48.05M | -48.05M | -48.05M | -37.04M | -36.98M | -36.68M | -36.68M | -36.68M | -16.97M | -16.97M | 0 | -16.97M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 15.06M | 11.1M | 3.43M | 15.7M | 15.7M | 6.03M | 26.76M | 20.3M | 20.78M | 28.4M | 28.66M | 28.73M | 1.61B | 27.73M | 0 | 32.15M | 32.15M | 39.09M | 45.49M | 44.21M |
| Minority Interest | 30.13M | 31.62M | 30.68M | 31.16M | 31.16M | 33.86M | 35.23M | 35.52M | 36.21M | 37.82M | 31.6M | 32.64M | 4.94M | 44.6M | 44.6M | 112.31M | 112.31M | 185.24M | 183.49M | 175.27M |