Qfin Holdings, Inc. (QFIN) 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 | 11.69B | 16.36B | 15.68B | 16.37B | 12.6B | 11.99B | 12.46B | 11.87B | 12.23B | 13.16B | 13.35B | 13.25B | 16.01B | 16.86B | 16.86B | 16.06B | 15.85B | 14.42B | 14.73B | 14.92B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 34.07 | 38.46 | 49.1 | 50.75 | 45.77 | 46.02 | 54.81 | 64.79 | 61.99 | 64.29 | 83.78 | 98.71 | 92.14 | 100.76 | 91.48 | 83.84 | 70.67 | 58.41 | 66.98 | 78.86 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 2.84B | 3.1B | 2.92B | 3.24B | 2.35B | 2.25B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 45.26B | 45.09B | 44.08B | 39.26B | 35.53B | 35B | 34.52B | 35.56B | 33.59B | 32.88B | 30.05B | 27.63B | 24.34B | 23.1B | 20.81B | 19.79B | 17.66B | 16.47B | 13.52B | 11.72B |
| Property, Plant & Equipment | 636.99M | 575.73M | 496.82M | 405.93M | 362.77M | 331.2M | 299.63M | 256.72M | 231.22M | 148.28M | 106.72M | 76.11M | 47.6M | 25.17M | 20.49M | 22.99M | 24.94M | 20.37M | 18.96M | 19.56M |
| Fixed Asset Turnover | 6.66x | 9.71x | 9.59x | 10.56x | 12.92x | 13.86x | 14.95x | 17.02x | 23.69x | 33.58x | 35.94x | 45.69x | 89.69x | 143.96x | 163.04x | 149.06x | 167.78x | 199.84x | 179.63x | 158.76x |
| Goodwill | 45.2M | 45.22M | 42.39M | 42.41M | 42.41M | 42.37M | 41.21M | 41.21M | 41.21M | 41.21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 977.25M | 982.31M | 957.4M | 962.98M | 968.56M | 973.75M | 979.41M | 985.18M | 990.9M | 996.21M | 992.54M | 998.09M | 1B | 1.01B | 1.01B | 1.02B | 1.02B | 4.02M | 4.81M | 3.76M |
| Long-Term Investments | 38.68B | 37.61B | 37.43B | 32.99B | 31.79B | 29.06B | 29.58B | 29.75B | 30.4B | 26.34B | 24.31B | 21.38B | 18.48B | 17.29B | 14.51B | 14.67B | 12.7B | 12.52B | 9.47B | 7.48B |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 56.95B | 61.45B | 59.75B | 55.63B | 48.13B | 46.99B | 46.98B | 47.43B | 45.82B | 46.04B | 43.4B | 40.88B | 40.34B | 39.96B | 37.67B | 35.85B | 33.5B | 30.89B | 28.25B | 26.64B |
| Asset Turnover | 0.07x | 0.09x | 0.08x | 0.08x | 0.09x | 0.09x | 0.09x | 0.09x | 0.10x | 0.10x | 0.08x | 0.07x | 0.08x | 0.08x | 0.10x | 0.10x | 0.12x | 0.13x | 0.13x | 0.12x |
| Asset Growth % | 18.32% | 30.77% | 27.18% | 17.29% | 5.05% | 2.06% | 8.25% | 16.02% | 13.57% | 15.21% | 15.23% | 14.03% | 20.41% | 29.39% | 33.35% | 34.6% | 37.39% | 27.43% | 17.78% | 16.68% |
| Total Current Liabilities | 25.01B | 23.1B | 22.5B | 19.22B | 18.18B | 16.75B | 1.06B | 683.8M | 1.76B | 3.43B | 2.02B | 1.93B | 862.7M | 2.91B | 2.73B | 2.82B | 1.3B | 1.85B | 1.52B | 1.32B |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 2.22B | 1.49B | 1.46B | 1.22B | 1.37B | 1.04B | 1.06B | 683.8M | 798.59M | 756.28M | 260M | 150M | 150M | 639.76M | 611.16M | 586.46M | 397.58M | 335.89M | 336.27M | 231.9M |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 0.47x | 0.71x | 0.70x | 0.85x | 0.69x | 0.72x | 11.77x | 17.35x | 6.95x | 3.84x | 6.62x | 6.86x | 18.55x | 5.80x | 6.18x | 5.70x | 12.15x | 7.81x | 9.70x | 11.34x |
| Quick Ratio | 0.47x | 0.71x | 0.70x | 0.85x | 0.69x | 0.72x | 11.77x | 17.35x | 6.95x | 3.84x | 6.62x | 6.86x | 18.55x | 5.80x | 6.18x | 5.70x | 12.15x | 7.81x | 9.70x | 11.34x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 7.78B | 14.05B | 13.15B | 13.29B | 5.7B | 7.34B | 23.29B | 24.6B | 22.05B | 21.48B | 20.5B | 19.22B | 20.55B | 19.07B | 17.92B | 16.85B | 16.98B | 14.92B | 14.24B | 14.42B |
| Long-Term Debt | 1.58B | 4.83B | 4.86B | 4.91B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 32.79B | 37.15B | 35.65B | 32.51B | 23.89B | 24.09B | 24.35B | 25.29B | 23.81B | 24.91B | 22.52B | 21.15B | 21.41B | 21.97B | 20.65B | 19.67B | 18.29B | 16.77B | 15.76B | 15.74B |
| Total Debt | 3.82B | 6.33B | 6.32B | 6.13B | 1.4B | 1.04B | 1.06B | 683.8M | 827.73M | 756.28M | 260M | 150M | 180.7M | 639.76M | 611.16M | 586.46M | 423.36M | 335.89M | 336.27M | 231.9M |
| Net Debt | -873.23M | -197.19M | 1.03B | -2.45B | -3.06B | -3.25B | -5.28B | -4.62B | -3.35B | -4.18B | -5B | -4.98B | -6.98B | -6.58B | -6.35B | -5.59B | -5.69B | -3.89B | -4.86B | -5.74B |
| Debt / Equity | 0.16x | 0.26x | 0.26x | 0.27x | 0.06x | 0.05x | 0.05x | 0.03x | 0.04x | 0.04x | 0.01x | 0.01x | 0.01x | 0.04x | 0.04x | 0.04x | 0.03x | 0.02x | 0.03x | 0.02x |
| Debt / EBITDA | 3.36x | 3.68x | 2.91x | 2.76x | 0.73x | 0.45x | 0.53x | 0.49x | 0.64x | 0.54x | 0.19x | 0.14x | 0.17x | 0.55x | 0.51x | 0.42x | 0.27x | 0.17x | 0.17x | 0.14x |
| Net Debt / EBITDA | -0.77x | -0.11x | 0.48x | -1.10x | -1.60x | -1.41x | -2.63x | -3.34x | -2.58x | -2.97x | -3.66x | -4.52x | -6.69x | -5.62x | -5.32x | -4.02x | -3.61x | -2.02x | -2.46x | -3.58x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 24.16B | 24.3B | 24.11B | 23.12B | 24.25B | 22.9B | 22.63B | 22.14B | 22.01B | 21.13B | 20.89B | 19.73B | 18.93B | 17.99B | 17.02B | 16.18B | 15.22B | 14.12B | 12.49B | 10.89B |
| Equity Growth % | -0.37% | 6.13% | 6.51% | 4.4% | 10.16% | 8.38% | 8.37% | 12.24% | 16.26% | 17.46% | 22.7% | 21.92% | 24.41% | 27.43% | 36.31% | 48.52% | 60.49% | 71.51% | 78.17% | 79.48% |
| Book Value per Share | 370.12 | 182.66 | 177.37 | 162.08 | 167.55 | 154.62 | 146.26 | 138.85 | 136.15 | 128.36 | 126.23 | 119.12 | 116.85 | 111.27 | 106.42 | 100.84 | 94.62 | 87.85 | 77.57 | 68.21 |
| Total Shareholders' Equity | 24.11B | 24.26B | 24.06B | 23.06B | 24.19B | 22.84B | 22.57B | 22.07B | 21.94B | 21.05B | 20.81B | 19.65B | 18.85B | 17.9B | 17.02B | 16.17B | 15.2B | 14.12B | 12.49B | 10.89B |
| Common Stock | 20K | 0 | 0 | 0 | 21K | 0 | 0 | 0 | 22K | 0 | 0 | 0 | 22K | 22K | 0 | 0 | 22K | 21K | 21K | 21K |
| Retained Earnings | 24.5B | 0 | 0 | 0 | 20.95B | 0 | 0 | 0 | 16.3B | 0 | 0 | 0 | 12.8B | 12.11B | 0 | 0 | 9.64B | 8.6B | 7.03B | 5.48B |
| Treasury Stock | -4.07B | 0 | 0 | 0 | -1.11B | 0 | 0 | 0 | -384.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -195.69M | 0 | 0 | 0 | 11.88M | 0 | 0 | 0 | -34.66M | 0 | 0 | 0 | -51.77M | -30.66M | 0 | 0 | -110.93M | -94.62M | -90.18M | -68.17M |
| Minority Interest | 42.13M | 45.57M | 49.09M | 52.6M | 56.18M | 60.15M | 64.21M | 68.23M | 72.37M | 76.43M | 75.79M | 79.86M | 84.14M | 88.24M | 2.72M | 7.61M | 12.75M | 0 | 554K | 319K |