NIO Inc. (NIO) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q4'20 | Q3'20 |
|---|
| Total Current Assets | 52.51B | 49.79B | 61.89B | 60.06B | 55.51B | 59.01B | 70.38B | 60.67B | 47.94B | 51.65B | 59.15B | 63.06B | 64.8B | 64.31B | 63.64B | 54.32B | 54.68B | 52.12B | 46.21B | 26.33B |
| Cash & Short-Term Investments | 17.8B | 19.72B | 22.09B | 37.15B | 36.27B | 38.43B | 49.75B | 38.95B | 27.85B | 32.61B | 39.06B | 44.81B | 50.6B | 49.41B | 52.39B | 43.37B | 46.85B | 47.23B | 42.38B | 22.05B |
| Cash Only | 7.11B | 8.08B | 19.33B | 23.79B | 24.65B | 23.82B | 32.94B | 24.08B | 13.72B | 14.76B | 19.89B | 18.08B | 24.51B | 15.9B | 15.33B | 21.59B | 17.39B | 28.6B | 38.43B | 19.33B |
| Short-Term Investments | 10.69B | 11.65B | 2.77B | 13.36B | 11.62B | 14.6B | 16.81B | 14.87B | 14.13B | 17.84B | 19.17B | 26.73B | 26.09B | 33.51B | 37.06B | 21.78B | 29.46B | 18.63B | 3.95B | 2.72B |
| Accounts Receivable | 15.71B | 10.58B | 1.68B | 7.03B | 5.64B | 3.38B | 4.66B | 5.37B | 5.66B | 5.46B | 5.12B | 6.14B | 4.7B | 5.2B | 2.8B | 4.28B | 2.82B | 1.68B | 1.24B | 1.52B |
| Days Sales Outstanding | 62.92 | 45.82 | 20.32 | 31.19 | 23.52 | 36.92 | 27.54 | 102.85 | 56.09 | 186.82 | 27.89 | 172.32 | 33.24 | 191.59 | 25.87 | 159.18 | 21.92 | 76.74 | 19.14 | 30.09 |
| Inventory | 8.24B | 8.7B | 7.09B | 6.82B | 4.89B | 6.21B | 5.28B | 7.06B | 8.49B | 6.38B | 8.19B | 6.67B | 3.36B | 2.68B | 2.06B | 1.7B | 2.19B | 1.75B | 1.08B | 1.04B |
| Days Inventory Outstanding | 45.04 | 63.9 | 36.77 | 32.31 | 32.04 | 55.48 | 39.71 | 146.96 | 87.65 | 221.35 | 34.13 | 216.13 | 27.61 | 115.42 | 23.61 | 79.57 | 21.69 | 99.37 | 17.74 | 24.09 |
| Other Current Assets | 9.26B | 10.79B | 29.9B | 9.06B | 8.72B | 10.99B | 9.88B | 9.28B | 5.93B | 7.2B | 5.89B | 5.44B | 3.79B | 7.02B | 6.14B | 4.97B | 1.47B | 1.46B | 1.38B | 1.59B |
| Total Non-Current Assets | 47.54B | 48.37B | 45.72B | 43.93B | 45B | 45.18B | 47B | 41.8B | 39.44B | 37.68B | 37.11B | 33.82B | 29.1B | 22.89B | 19.24B | 14.7B | 10.84B | 9B | 8.44B | 8.07B |
| Property, Plant & Equipment | 42.76B | 40.15B | 40B | 36.51B | 36.08B | 35.93B | 37.48B | 30.37B | 27.89B | 25.02B | 23.03B | 20.28B | 17.67B | 11.91B | 10.39B | 8.62B | 6.56B | 6.19B | 6.35B | 6.64B |
| Fixed Asset Turnover | 0.46x | 0.30x | 0.52x | 0.51x | 0.48x | 0.27x | 0.52x | 0.63x | 0.34x | 0.43x | 0.79x | 0.64x | 0.73x | 0.83x | 1.17x | 1.14x | 1.31x | 1.29x | 1.02x | 0.68x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 228.99M | 230.32M | 231.64M | 232.97M | 234.29M | 235.62M | 236.95M | 238.27M | 239.6M | 240.93M | 212.6M | 213.93M | 215.25M | 197.91M | 199.12M | 200.34M | 201.75M | 203.17M | 204.58M | 206.03M |
| Long-Term Investments | 2.71B | 2.88B | 3.13B | 3.73B | 5.38B | 5.45B | 5.49B | 5.53B | 5.27B | 5.44B | 6.36B | 5.98B | 4.42B | 4.05B | 3.06B | 1.31B | 399.96M | 403.41M | 300.12M | 340.76M |
| Other Non-Current Assets | 1.84B | 5.11B | 2.36B | 3.46B | 3.31B | 3.55B | 159.72M | 5.66B | 6.04B | 6.97B | 7.51B | 7.34B | 6.8B | 6.73B | 5.6B | 4.57B | 3.67B | 2.2B | 1.58B | 82.13M |
| Total Assets | 100.05B | 98.16B | 107.6B | 103.99B | 100.52B | 104.19B | 117.38B | 102.47B | 87.38B | 89.33B | 96.26B | 96.88B | 93.9B | 87.19B | 82.88B | 69.01B | 65.52B | 61.12B | 54.64B | 34.39B |
| Asset Turnover | 0.19x | 0.12x | 0.19x | 0.18x | 0.17x | 0.09x | 0.17x | 0.19x | 0.10x | 0.12x | 0.17x | 0.13x | 0.12x | 0.11x | 0.13x | 0.14x | 0.14x | 0.13x | 0.15x | 0.16x |
| Asset Growth % | -0.47% | -5.78% | -8.33% | - | 15.03% | - | 21.94% | 5.77% | -6.95% | 2.45% | 16.14% | 40.38% | 43.32% | 42.66% | 51.69% | 100.65% | 183.01% | 298.5% | 274.72% | 104.18% |
| Total Current Liabilities | 62.28B | 59.49B | 62.31B | 57.47B | 50.15B | 51.11B | 57.8B | 55.44B | 48.1B | 40.44B | 45.85B | 39.73B | 34.56B | 31.91B | 29.2B | 26.6B | 22.04B | 17.03B | 13.98B | 10.86B |
| Accounts Payable | 34.95B | 31.39B | 34.39B | 30.2B | 24.59B | 24.16B | 14.11B | 28.12B | 19.21B | 18.87B | 12.71B | 20.37B | 16.23B | 14.84B | 12.64B | 10.8B | 10.57B | 8.75B | 6.37B | 4.93B |
| Days Payables Outstanding | 176.4 | 266.28 | 170.79 | 151.2 | 140.77 | 184.86 | 96.07 | 585.01 | 167.67 | 655.2 | 85.51 | 659.81 | 147.15 | 640.14 | 129.14 | 504.52 | 112.45 | 496.9 | 94.53 | 103.32 |
| Short-Term Debt | 6.23B | 7.3B | 9.13B | 10.24B | 9.51B | 9.61B | 25.48B | 10.06B | 12.06B | 7.7B | 5.28B | 6.81B | 8.18B | 7.61B | 7.3B | 6.87B | 5.69B | 3.46B | 1.93B | 1.4B |
| Deferred Revenue (Current) | 4.02B | 0 | 4.07B | 0 | 0 | 0 | 2.86B | 0 | 2.76B | 0 | 2.11B | 0 | 0 | 0 | 1.38B | 1.13B | 0 | 47.46M | 1B | 752.03M |
| Other Current Liabilities | 682.48M | 0 | 652.63M | 0 | 0 | 0 | 709.29M | 0 | 672.4M | 0 | 13.18B | 0 | 0 | 0 | 550.68M | 510.5M | 0 | 0 | 358.14M | 298.02M |
| Current Ratio | 0.84x | 0.84x | 0.99x | 1.04x | 1.11x | 1.15x | 1.22x | 1.09x | 1.00x | 1.28x | 1.29x | 1.59x | 1.87x | 2.02x | 2.18x | 2.04x | 2.48x | 3.06x | 3.31x | 2.42x |
| Quick Ratio | 0.71x | 0.69x | 0.88x | 0.93x | 1.01x | 1.03x | 1.13x | 0.97x | 0.82x | 1.12x | 1.11x | 1.42x | 1.78x | 1.93x | 2.11x | 1.98x | 2.38x | 2.96x | 3.23x | 2.33x |
| Cash Conversion Cycle | -68.44 | -156.57 | -113.7 | -87.71 | -85.21 | -92.46 | -28.83 | -335.21 | -23.93 | -247.03 | -23.49 | -271.37 | -86.3 | -333.13 | -79.66 | -265.77 | -68.83 | -320.79 | -57.65 | -49.14 |
| Total Non-Current Liabilities | 31.15B | 38.94B | 31.79B | 30.45B | 29.65B | 28.36B | 33.85B | 27.33B | 20.91B | 25.43B | 22.77B | 24.28B | 23.64B | 17.8B | 15.62B | 14.67B | 17.13B | 13.65B | 13.49B | 15.5B |
| Long-Term Debt | 9.11B | 9.29B | 11.44B | 11.28B | 11.61B | 11.38B | 13.04B | 12.16B | 6.54B | 11.33B | 10.89B | 12.54B | 12.16B | 11.12B | 9.74B | 9.83B | 9.79B | 10.4B | 5.94B | 6.76B |
| Capital Lease Obligations | 12.82B | 11.36B | 11.3B | 10.58B | 10.25B | 10.11B | 10.09B | 8.66B | 8.45B | 8.41B | 6.53B | 6.83B | 7.06B | 2.55B | 2.35B | 1.83B | 1.21B | 970.12M | 1.07B | 1.12B |
| Deferred Tax Liabilities | 127.29M | 125.49M | 127.47M | 210.17M | 211.32M | 213.71M | 212.35M | 0 | 0 | 0 | 218.19M | 0 | 0 | 0 | 25.2M | 0 | 0 | 0 | 3.69B | 6.71B |
| Other Non-Current Liabilities | 5.81B | 18.17B | 5.49B | 8.38B | 7.29B | 6.66B | 7.13B | 6.51B | 5.92B | 5.69B | 2.53B | 4.92B | 4.43B | 4.13B | 3.51B | 3.02B | 6.13B | 2.27B | 1.79B | 52.92M |
| Total Liabilities | 93.43B | 98.44B | 94.1B | 87.92B | 79.8B | 79.47B | 91.65B | 82.77B | 69.02B | 65.87B | 68.62B | 64.01B | 58.2B | 49.71B | 44.82B | 41.28B | 39.17B | 30.68B | 27.47B | 26.37B |
| Total Debt | 30.96B | 30.35B | 33.82B | 33.88B | 33.12B | 32.74B | 50.38B | 32.24B | 28.39B | 28.4B | 23.71B | 27B | 28.44B | 22.09B | 20.1B | 19.2B | 17.25B | 15.36B | 9.52B | 9.83B |
| Net Debt | 23.85B | 22.28B | 14.49B | 10.09B | 8.47B | 8.92B | 17.44B | 8.15B | 14.67B | 13.63B | 3.82B | 8.92B | 3.92B | 6.19B | 4.77B | -2.39B | -149.4M | -13.25B | -28.99B | -9.49B |
| Debt / Equity | 4.68x | - | 2.50x | 2.11x | 1.60x | 1.32x | 1.96x | 1.64x | 1.55x | 1.21x | 0.86x | 0.82x | 0.80x | 0.59x | 0.53x | 0.69x | 0.65x | 0.50x | 0.35x | 1.23x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 105.93x | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.92x | - | - | - |
| Interest Coverage | -22.28x | -26.55x | -28.01x | -23.64x | -27.64x | -29.30x | -30.33x | -54.71x | -72.23x | -74.45x | -62.68x | -38.49x | -41.64x | -28.30x | -26.79x | -12.85x | -8.67x | -0.70x | -13.78x | -8.62x |
| Total Equity | 6.62B | -271.83M | 13.51B | 16.07B | 20.72B | 24.71B | 25.74B | 19.69B | 18.36B | 23.46B | 27.65B | 32.86B | 35.7B | 37.49B | 38.06B | 27.73B | 26.35B | 30.44B | 27.17B | 8.03B |
| Equity Growth % | -68.06% | -101.1% | -47.52% | - | 12.83% | - | -6.91% | -40.08% | -48.57% | -37.41% | -27.37% | 18.51% | 35.48% | 23.15% | 40.09% | 95.68% | 555.22% | 564.06% | 532.82% | 327.27% |
| Book Value per Share | 2.97 | -0.13 | 6.57 | 7.82 | 10.11 | 12.09 | 14.61 | 11.35 | 11.11 | 14.23 | 16.78 | 20.04 | 21.86 | 23.07 | 23.68 | 17.69 | 16.85 | 19.61 | 19.12 | 6.63 |
| Total Shareholders' Equity | -1.21B | -365.9M | 5.97B | 11.35B | 16.07B | 20.59B | 25.55B | 15.71B | 14.45B | 19.62B | 23.87B | 29.13B | 32.19B | 33.94B | 34.71B | 24.42B | 26.35B | 26.82B | 27.17B | 8.02B |
| Common Stock | 3.93M | -365.9M | 3.66M | 11.35B | 16.07B | 20.59B | 3.62M | 15.71B | 2.93M | 19.62B | 2.92M | 29.13B | 32.19B | 33.94B | 2.89M | 2.81M | 2.8M | 2.79M | 2.68M | 2.41M |
| Retained Earnings | -124.81B | 0 | -113.07B | 0 | 0 | 0 | -90.76B | 0 | -80.69B | 0 | -69.91B | 0 | 0 | 0 | -55.63B | -53.52B | -52.69B | -52.1B | -51.65B | -50.26B |
| Treasury Stock | -139.16M | 0 | -239.33M | 0 | 0 | 0 | -1.85B | 0 | -1.85B | 0 | -1.85B | 0 | 0 | 0 | -1.85B | -1.85B | -1.85B | -1.85B | 0 | 0 |
| Accumulated OCI | 843.14M | 0 | 582.66M | 0 | 0 | 0 | 432.99M | 0 | 1.31B | 0 | 1.04B | 0 | 0 | 0 | -276.3M | -234.4M | -254.31M | -139.98M | -65.45M | -98.13M |
| Minority Interest | 7.82B | 94.06M | 7.54B | 4.72B | 4.64B | 4.12B | 189.4M | 3.98B | 3.91B | 3.84B | 3.78B | 3.73B | 3.51B | 3.55B | 3.35B | 3.31B | 1.98M | 3.62B | 2.13M | 4.38M |