Qudian Inc. (QD) 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 | 10.39B | 10.37B | 10.14B | 10.24B | 9.6B | 9.8B | 10.16B | 10.47B | 10.93B | 11.29B | 11.06B | 11.05B | 11.67B | 11.81B | 12.22B | 12.11B | 12.4B | 12.2B | 11.69B | 11.79B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 316.71 | 86.1 | 64.08 | 65.14 | 64.47 | 50.53 | 37.26 | 80.18 | - | - | 41.3 | 262.19 | 809.43 | 785.89 | 600.55 | 780.24 | 735.97 | 311.67 | 303.16 | 563.48 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 1.75B | 1.9B | 1.21B | 2.88B | 667.26M | 787.02M | 719.33M | 744.7M | 2.14B | 1.48B | 461.01M | 3.03B | 2.92B | 2.18B | 470.61M | 1.51B | 976.52M | 1.24B | 759.14M | 1.4B |
| Total Non-Current Assets | 2.35B | 2.28B | 2.32B | 2.31B | 2.41B | 2.49B | 2.32B | 2.19B | 1.97B | 1.74B | 1.69B | 1.81B | 2.09B | 1.8B | 1.87B | 2.32B | 2.12B | 1.86B | 1.71B | 1.41B |
| Property, Plant & Equipment | 1.85B | 1.71B | 1.74B | 1.61B | 1.57B | 1.5B | 1.47B | 1.33B | 1.17B | 939.47M | 877.03M | 903.02M | 1.25B | 915.28M | 959.71M | 1.21B | 962.27M | 656.21M | 513.87M | 357.79M |
| Fixed Asset Turnover | 0.00x | 0.01x | 0.03x | 0.03x | 0.03x | 0.04x | 0.05x | 0.02x | 0.01x | 0.02x | 0.18x | 0.10x | 0.10x | 0.22x | 0.35x | 0.32x | 0.51x | 0.88x | 1.64x | 2.64x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.92M | 2.06M | 2.21M | 1.67M | 2.76M | 2.93M | 3.09M | 0 | 0 | 0 | 0 | 0 | 0 | 11.07M | 0 | 0 | 0 | 0 | 8.48M | 7.77M |
| Long-Term Investments | 223.44M | 225M | 225.09M | 232.69M | 361.14M | 360.19M | 347.4M | 345.95M | 344.82M | 345.5M | 350.1M | 384.5M | 369.03M | 387.96M | 371.65M | 474.25M | 610.82M | 624.96M | 559.14M | 582.83M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 12.75B | 12.65B | 12.46B | 12.55B | 12B | 12.29B | 12.48B | 12.65B | 12.9B | 13.03B | 12.75B | 12.87B | 13.76B | 13.61B | 14.09B | 14.43B | 14.52B | 14.06B | 13.4B | 13.21B |
| Asset Turnover | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.01x | 0.00x | 0.00x | 0.00x | 0.01x | 0.01x | 0.01x | 0.01x | 0.03x | 0.02x | 0.03x | 0.04x | 0.05x | 0.06x |
| Asset Growth % | 6.23% | 2.93% | -0.14% | -0.81% | -6.99% | -5.69% | -2.07% | -1.66% | -6.2% | -4.24% | -9.54% | -10.84% | -5.27% | -3.19% | 5.17% | 9.28% | 6.63% | -6.62% | -27.03% | -29.36% |
| Total Current Liabilities | 1.14B | 1.27B | 1.12B | 1.05B | 496.82M | 788.73M | 754.49M | 654.56M | 555.28M | 634.55M | 584.93M | 1.17B | 972.15M | 541.69M | 493.52M | 494.41M | 504.04M | 514.6M | 472.61M | 985.58M |
| Accounts Payable | 0 | 0 | 135.24M | 0 | 0 | 0 | 135.61M | 0 | 0 | 0 | 107.88M | 0 | 0 | 0 | 109.76M | 0 | 0 | 0 | 50.37M | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 720M | 720M | 720M | 720M | 0 | 0 | 0 | 0 | 0 | 145.31M | 29.06M | 120M | 253.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 129.44M | 155.32M | 85.8M | 248.23M | 343.74M | 386.53M | 281.48M | 179.44M | 108.73M | 217.99M | 418.52M | 77.65M | 658K | 73.25M | 1.18M | 3.25M | 21.58M | 211.05M | 165.89M |
| Current Ratio | 9.13x | 8.15x | 9.02x | 9.78x | 19.31x | 12.43x | 13.47x | 15.99x | 19.69x | 17.80x | 18.91x | 9.42x | 12.00x | 21.81x | 24.76x | 24.49x | 24.60x | 23.71x | 24.74x | 11.97x |
| Quick Ratio | 9.13x | 8.15x | 9.02x | 9.78x | 19.31x | 12.43x | 13.47x | 15.99x | 19.69x | 17.80x | 18.91x | 9.42x | 12.00x | 21.81x | 24.76x | 24.49x | 24.60x | 23.71x | 24.74x | 11.97x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 32.55M | 20.8M | 48.71M | 51.66M | 51.43M | 49.69M | 39.76M | 50.61M | 2.63M | 2.06M | 118.79M | 70.2M | 504.58M | 692.43M | 1.07B | 1.35B | 1.34B | 1.14B | 1.02B | 981.78M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 116.25M | 25.31M | 25.31M | 445.62M | 826.71M | 832.42M | 963M | 972.87M | 924.42M | 966.46M |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 1.17B | 1.29B | 1.17B | 1.1B | 548.25M | 838.42M | 794.24M | 705.17M | 557.91M | 636.61M | 703.72M | 1.24B | 1.48B | 1.23B | 1.57B | 1.85B | 1.85B | 1.66B | 1.49B | 1.97B |
| Total Debt | 732.48M | 753.81M | 787.4M | 791.51M | 71.22M | 69.57M | 69.7M | 80.9M | 9.37M | 155.43M | 152.05M | 209.24M | 733.43M | 644.94M | 1.03B | 1.39B | 1.38B | 1.17B | 1.03B | 1B |
| Net Debt | -3.3B | -4.07B | -3.48B | -4.06B | -4.78B | -6.97B | -7.14B | -7.15B | -5B | -4.85B | -3.33B | -2.79B | -2.37B | -1.6B | -1.03B | -308.09M | -1.75B | -1.02B | -509.14M | -487.65M |
| Debt / Equity | 0.06x | 0.07x | 0.07x | 0.07x | 0.01x | 0.01x | 0.01x | 0.01x | 0.00x | 0.01x | 0.01x | 0.02x | 0.06x | 0.05x | 0.08x | 0.11x | 0.11x | 0.09x | 0.09x | 0.09x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | 45.34x | 13.69x | 6.87x | 16.73x | 5.10x | 2.51x | 0.61x | 2.47x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | -146.25x | -33.98x | -6.87x | -3.72x | -6.44x | -2.20x | -0.30x | -1.20x |
| Interest Coverage | - | - | 1.56x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 11.58B | 11.36B | 11.29B | 11.45B | 11.45B | 11.45B | 11.69B | 11.95B | 12.35B | 12.4B | 12.04B | 11.63B | 12.28B | 12.38B | 12.52B | 12.59B | 12.67B | 12.4B | 11.91B | 11.24B |
| Equity Growth % | 1.09% | -0.83% | -3.39% | -4.15% | -7.23% | -7.61% | -2.95% | 2.79% | 0.53% | 0.17% | -3.84% | -7.64% | -3.11% | -0.19% | 5.15% | 11.98% | 18.93% | 18.46% | -0.12% | -4.26% |
| Book Value per Share | 69.14 | 60.49 | 60.13 | 61.88 | 60.38 | 57.38 | 56.29 | 55.67 | 54.54 | 54.04 | 45.43 | 47.41 | 48.44 | 47.76 | 47.24 | 47.24 | 47.48 | 46.50 | 44.54 | 41.82 |
| Total Shareholders' Equity | 11.58B | 11.36B | 11.29B | 11.45B | 11.45B | 11.45B | 11.69B | 11.95B | 12.35B | 12.4B | 12.04B | 11.63B | 12.28B | 12.37B | 12.52B | 12.58B | 12.67B | 12.39B | 11.9B | 11.24B |
| Common Stock | 176K | 176K | 175.89K | 176K | 176K | 176K | 175.89K | 176K | 176K | 176K | 175.89K | 176K | 176K | 176K | 175.89K | 176K | 176K | 176K | 176K | 175K |
| Retained Earnings | 9.13B | 8.82B | 8.67B | 8.74B | 8.6B | 8.5B | 8.58B | 8.7B | 8.88B | 8.95B | 8.54B | 8.05B | 8.7B | 8.76B | 8.9B | 8.97B | 9.06B | 8.79B | 8.32B | 7.64B |
| Treasury Stock | -1.57B | -1.49B | -1.42B | -1.26B | -1.2B | -1.08B | -899.63M | -792.84M | -580.65M | -542.72M | -486.95M | -432.8M | -390.27M | -351.44M | -346.32M | -348.53M | -352.53M | -368.68M | -371.55M | -371.99M |
| Accumulated OCI | -7.46M | 4.44M | 13.75M | -46.56M | 14.43M | -55K | -24.13M | 13.88M | 15.35M | -50.05M | -45.96M | -22.9M | -53.56M | -60.05M | -59M | -56.48M | -56.25M | -49.16M | -51.42M | -38.5M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.76M | 6.85M | 7.78M | 9.03M | 9.83M | 10M | 0 |