QVC Group Inc. (QVCGB) 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 | 4.22B | 4.05B | 3.1B | 3.03B | 3.3B | 3.23B | 3.42B | 3.39B | 3.68B | 3.48B | 3.76B | 3.89B | 4.28B | 3.58B | 3.84B | 4.17B | 4.45B | 4.54B | 4.43B | 4.13B |
| Cash & Short-Term Investments | 1.97B | 1.82B | 897M | 833M | 905M | 873M | 1.21B | 1.1B | 1.12B | 1.1B | 1.48B | 1.29B | 1.27B | 624M | 561M | 608M | 587M | 798M | 950M | 739M |
| Cash Only | 1.97B | 1.82B | 897M | 833M | 905M | 873M | 1.21B | 1.1B | 1.12B | 1.1B | 1.48B | 1.29B | 1.27B | 624M | 561M | 608M | 587M | 798M | 950M | 739M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.04B | 840M | 819M | 844M | 1.14B | 883M | 897M | 980M | 1.31B | 973M | 941M | 1.09B | 1.44B | 1.03B | 1.32B | 1.55B | 2B | 1.58B | 1.58B | 1.54B |
| Days Sales Outstanding | 32.3 | 34.48 | 33.84 | 42.48 | 31.66 | 34.93 | 35.48 | 44.45 | 33.38 | 35.52 | 34.9 | 43.14 | 32.24 | 39.29 | 44.11 | 55.4 | 40.59 | 46.28 | 40.54 | 47.51 |
| Inventory | 972M | 1.19B | 1.19B | 1.18B | 1.06B | 1.3B | 1.12B | 1.13B | 1.04B | 1.23B | 1.17B | 1.33B | 1.35B | 1.74B | 1.74B | 1.77B | 1.62B | 1.74B | 1.43B | 1.37B |
| Days Inventory Outstanding | 55.41 | 75.03 | 76.06 | 72.89 | 55.27 | 73.41 | 67 | 65.58 | 50.17 | 68.78 | 65.44 | 66.47 | 56.01 | 83.89 | 80.72 | 79.49 | 56.76 | 70.48 | 56.92 | 54.84 |
| Other Current Assets | 239M | 206M | 192M | 165M | 190M | 174M | 187M | 170M | 209M | 184M | 167M | 183M | 210M | 189M | 226M | 243M | 235M | 418M | 465M | 484M |
| Total Non-Current Assets | 3.42B | 3.51B | 3.6B | 5.96B | 5.94B | 7.54B | 7.52B | 7.59B | 7.69B | 7.95B | 8.04B | 8.31B | 8.3B | 8.22B | 11.39B | 11.64B | 11.75B | 12.42B | 12.48B | 12.44B |
| Property, Plant & Equipment | 971M | 985M | 1.05B | 1.07B | 1.1B | 1.12B | 1.11B | 1.13B | 1.15B | 1.08B | 1.1B | 1.21B | 1.16B | 594M | 813M | 1.03B | 1.38B | 1.2B | 1.21B | 1.22B |
| Fixed Asset Turnover | 2.74x | 2.17x | 2.11x | 1.94x | 2.65x | 2.11x | 2.16x | 2.06x | 2.82x | 2.27x | 2.30x | 2.24x | 4.03x | 3.90x | 3.21x | 2.39x | 3.15x | 2.62x | 2.89x | 2.65x |
| Goodwill | 800M | 821M | 830M | 2.24B | 2.22B | 3.17B | 3.13B | 3.14B | 3.16B | 3.46B | 3.48B | 3.51B | 3.5B | 3.43B | 6.25B | 6.31B | 6.34B | 6.59B | 6.61B | 6.6B |
| Intangible Assets | 1.53B | 1.57B | 1.61B | 2.54B | 2.52B | 3.13B | 3.15B | 3.19B | 3.22B | 3.27B | 3.31B | 3.36B | 3.33B | 3.36B | 3.7B | 3.74B | 3.78B | 3.96B | 4.02B | 4B |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 123M | 131M | 109M | 106M | 103M | 116M | 135M | 136M | 151M | 147M | 152M | 232M | 310M | 832M | 621M | 563M | 251M | 673M | 651M | 614M |
| Total Assets | 7.64B | 7.56B | 6.7B | 8.98B | 9.24B | 10.77B | 10.94B | 10.98B | 11.37B | 11.44B | 11.8B | 12.2B | 12.57B | 11.8B | 15.23B | 15.81B | 16.2B | 16.96B | 16.91B | 16.57B |
| Asset Turnover | 0.35x | 0.31x | 0.29x | 0.23x | 0.29x | 0.22x | 0.22x | 0.21x | 0.28x | 0.21x | 0.22x | 0.21x | 0.29x | 0.20x | 0.19x | 0.18x | 0.24x | 0.19x | 0.21x | 0.20x |
| Asset Growth % | -17.31% | -29.82% | -38.76% | -18.21% | -18.69% | -5.81% | -7.29% | -9.99% | -9.57% | -3.04% | -22.52% | -22.82% | -22.41% | -30.45% | -9.92% | -4.6% | -4.69% | 1% | 1.25% | 0.37% |
| Total Current Liabilities | 6.67B | 1.63B | 1.64B | 1.82B | 2.72B | 2.65B | 2.54B | 2.54B | 2.62B | 2.46B | 2.4B | 2.26B | 3.1B | 2.73B | 3.37B | 4.31B | 4.22B | 4.45B | 4.4B | 4.22B |
| Accounts Payable | 701M | 660M | 648M | 676M | 776M | 839M | 762M | 789M | 895M | 813M | 697M | 819M | 976M | 977M | 1.04B | 1.21B | 1.43B | 1.24B | 1.16B | 1.13B |
| Days Payables Outstanding | 34.88 | 41.18 | 42.36 | 47.14 | 37.83 | 48.55 | 46.06 | 50.71 | 37.7 | 43.33 | 39.78 | 44.65 | 35.48 | 48.78 | 51.87 | 61.83 | 44.99 | 53.23 | 46.41 | 49.9 |
| Short-Term Debt | 5.08B | 82M | 86M | 242M | 867M | 874M | 856M | 939M | 642M | 730M | 710M | 319M | 828M | 603M | 1.11B | 1.9B | 1.31B | 1.98B | 1.92B | 1.77B |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 97M | 68M | 80M | 89M | 128M | 134M | 138M | 100M | 97M | 109M | 147M | 176M | 162M | 214M | 202M | 212M | 244M | 190M | 201M | 236M |
| Current Ratio | 0.63x | 2.49x | 1.89x | 1.66x | 1.21x | 1.22x | 1.34x | 1.33x | 1.41x | 1.42x | 1.57x | 1.72x | 1.38x | 1.31x | 1.14x | 0.97x | 1.05x | 1.02x | 1.01x | 0.98x |
| Quick Ratio | 0.49x | 1.76x | 1.16x | 1.01x | 0.82x | 0.73x | 0.90x | 0.89x | 1.01x | 0.92x | 1.08x | 1.13x | 0.95x | 0.67x | 0.62x | 0.56x | 0.67x | 0.63x | 0.68x | 0.65x |
| Cash Conversion Cycle | 52.83 | 68.33 | 67.53 | 68.22 | 49.11 | 59.8 | 56.42 | 59.33 | 45.86 | 60.97 | 60.56 | 64.96 | 52.77 | 74.4 | 72.96 | 73.05 | 52.37 | 63.53 | 51.04 | 52.45 |
| Total Non-Current Liabilities | 3.99B | 8.91B | 7.95B | 8.06B | 7.4B | 7.64B | 7.97B | 8.09B | 8.26B | 8.29B | 8.68B | 9.25B | 8.95B | 8.71B | 8.66B | 8.49B | 8.99B | 8.6B | 8.59B | 8.59B |
| Long-Term Debt | 790M | 7.08B | 4.83B | 4.76B | 4.1B | 4.18B | 4.48B | 4.55B | 4.7B | 4.83B | 5.27B | 5.8B | 5.53B | 5.3B | 5.36B | 5.19B | 5.67B | 5.31B | 5.27B | 5.26B |
| Capital Lease Obligations | 580M | 586M | 592M | 592M | 598M | 614M | 612M | 617M | 615M | 539M | 544M | 582M | 518M | 0 | 0 | 0 | 303M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 1.14B | 1.14B | 1.13B | 1.32B | 1.31B | 1.44B | 1.47B | 1.5B | 1.53B | 1.51B | 1.48B | 1.47B | 1.44B | 1.45B | 1.46B | 1.39B | 1.35B | 1.32B | 1.34B | 1.35B |
| Other Non-Current Liabilities | 1.47B | 103M | 1.39B | 1.39B | 1.39B | 1.4B | 1.41B | 1.41B | 1.42B | 1.4B | 1.39B | 1.4B | 1.46B | 1.96B | 1.85B | 1.91B | 1.67B | 1.97B | 1.98B | 1.98B |
| Total Liabilities | 10.66B | 10.54B | 9.59B | 9.87B | 10.13B | 10.29B | 10.52B | 10.63B | 10.88B | 10.74B | 11.07B | 11.51B | 12.05B | 11.45B | 12.04B | 12.8B | 13.22B | 13.05B | 12.99B | 12.81B |
| Total Debt | 6.45B | 7.75B | 5.51B | 5.59B | 5.57B | 5.67B | 5.95B | 6.11B | 5.96B | 6.1B | 6.52B | 6.7B | 6.87B | 5.91B | 6.47B | 7.09B | 7.29B | 7.29B | 7.19B | 7.03B |
| Net Debt | 4.47B | 5.93B | 4.62B | 4.76B | 4.66B | 4.8B | 4.74B | 5.01B | 4.83B | 5B | 5.04B | 5.41B | 5.6B | 5.28B | 5.91B | 6.48B | 6.71B | 6.5B | 6.24B | 6.29B |
| Debt / Equity | - | - | - | - | - | 11.84x | 14.14x | 17.40x | 12.18x | 8.81x | 8.97x | 9.69x | 13.09x | 16.97x | 2.03x | 2.36x | 2.44x | 1.86x | 1.84x | 1.87x |
| Debt / EBITDA | 33.22x | 47.26x | - | 54.82x | - | 22.97x | 25.65x | 25.03x | - | 23.84x | 13.88x | 24.26x | 45.20x | - | 11.72x | 30.05x | 49.27x | 17.66x | 12.79x | 14.03x |
| Net Debt / EBITDA | 23.06x | 36.18x | - | 46.66x | - | 19.43x | 20.44x | 20.52x | - | 19.55x | 10.72x | 19.61x | 36.82x | - | 10.70x | 27.47x | 45.30x | 15.73x | 11.10x | 12.56x |
| Interest Coverage | 0.91x | - | -19.61x | 0.76x | 1.82x | 1.00x | 1.54x | 1.23x | 1.21x | 1.28x | 1.24x | 0.67x | 2.12x | 0.59x | 1.53x | 1.62x | 3.49x | 2.40x | 3.45x | 3.38x |
| Total Equity | -3.02B | -2.98B | -2.89B | -893M | -885M | 479M | 421M | 351M | 489M | 693M | 727M | 691M | 525M | 348M | 3.19B | 3.01B | 2.99B | 3.91B | 3.91B | 3.76B |
| Equity Growth % | -240.9% | -721.09% | -785.99% | -354.42% | -280.98% | -30.88% | -42.09% | -49.2% | -6.86% | 99.14% | -77.22% | -77.02% | -82.42% | -91.11% | -18.43% | -20.11% | -20.01% | 5.58% | -25.99% | -26.21% |
| Book Value per Share | -373.14 | -368.74 | -3.58 | -2.23 | -2.27 | 1.21 | 1.06 | 0.89 | 1.25 | 1.78 | 1.87 | 1.80 | 1.37 | 0.91 | 8.35 | 7.83 | 7.47 | 9.41 | 9.25 | 8.92 |
| Total Shareholders' Equity | -3.1B | -3.07B | -2.98B | -981M | -971M | 397M | 328M | 255M | 385M | 590M | 621M | 578M | 412M | 235M | 3.07B | 2.88B | 2.85B | 3.77B | 3.77B | 3.64B |
| Common Stock | 0 | -3.07B | 0 | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M |
| Retained Earnings | -3.53B | -3.5B | -3.42B | -1.19B | -1.09B | 192M | 215M | 195M | 196M | 468M | 467M | 358M | 337M | 387M | 3.13B | 2.97B | 2.92B | 3.82B | 3.79B | 3.68B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 291M | 283M | 295M | 73M | -15M | 78M | -6M | -51M | 86M | 28M | 71M | 149M | 18M | -194M | -89M | -104M | -79M | -60M | -20M | -48M |
| Minority Interest | 83M | 97M | 92M | 88M | 86M | 82M | 93M | 96M | 104M | 103M | 106M | 113M | 113M | 113M | 119M | 127M | 136M | 148M | 141M | 128M |