RLX Technology Inc. (RLX) 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 | 11.21B | 9.58B | 8.37B | 8.99B | 9.3B | 8.87B | 9.47B | 8.41B | 8.98B | 1.25B | 1.35B | 9.74B | 11.2B | 2.09B | 1.75B | 1.83B | 13.95B | 2.02B | 2.07B | 1.97B |
| Cash & Short-Term Investments | 10.19B | 8.47B | 7.41B | 8.16B | 8.49B | 8.06B | 8.3B | 7.33B | 8.11B | 1.14B | 1.27B | 9.24B | 10.79B | 2.04B | 1.69B | 1.74B | 12.85B | 1.86B | 1.92B | 1.91B |
| Cash Only | 5.55B | 3.46B | 3.86B | 4.71B | 5.59B | 3.26B | 3.08B | 2.32B | 2.39B | 352.84M | 244.69M | 1.45B | 1.27B | 127.87M | 255.38M | 691.26M | 5.21B | 985.51M | 1.01B | 1.47B |
| Short-Term Investments | 4.64B | 5.01B | 3.56B | 3.45B | 2.9B | 4.8B | 5.22B | 5.01B | 5.72B | 783.84M | 1.02B | 7.79B | 9.52B | 1.92B | 1.44B | 1.05B | 7.64B | 872.99M | 905.16M | 441.81M |
| Accounts Receivable | 405.02M | 352.98M | 407.04M | 331.75M | 566.24M | 376.06M | 316.84M | 300.59M | 164.7M | 33.4M | 17.99M | 77.67M | 59.49M | 14.26M | 4.3M | 14.02M | 25.97M | 4.69M | 4.72M | 6M |
| Days Sales Outstanding | 32.71 | 33.82 | 42.33 | 57.04 | 58.88 | 46.92 | 50.29 | 45.01 | 17.47 | 7.21 | 11.51 | 49.61 | 11.81 | 0.82 | 0.37 | 1.05 | 0.74 | 0.26 | 0.19 | 0.27 |
| Inventory | 297.87M | 230.95M | 227.86M | 116.5M | 142.55M | 81.43M | 84.31M | 99.77M | 144.85M | 10.72M | 12.41M | 101.98M | 130.9M | 7.78M | 19.95M | 42.01M | 589.09M | 96.41M | 100.55M | 30.13M |
| Days Inventory Outstanding | 34.13 | 30.98 | 28.38 | 24.41 | 19.96 | 16.11 | 20.9 | 33.97 | 18.64 | 4.79 | 18.62 | 133.17 | 45.87 | 2.44 | 2.24 | 26.86 | 27.69 | 8.88 | 4.26 | 2.9 |
| Other Current Assets | 319.68M | 529.25M | 317.36M | 383.11M | 99.06M | 357.67M | 771.9M | 673.25M | 551.76M | 66.9M | 54.7M | 322.77M | 219.51M | 20.71M | 32.39M | 41.5M | 174.81M | 57.6M | 49M | 19.7M |
| Total Non-Current Assets | 6.73B | 7.85B | 9.12B | 8.08B | 7.57B | 7.53B | 6.87B | 7.62B | 7.33B | 1.02B | 939.32M | 6.36B | 5.18B | 301.9M | 865.2M | 684.4M | 2.41B | 481.14M | 429.21M | 322.44M |
| Property, Plant & Equipment | 328.62M | 228.74M | 228.59M | 73.64M | 81.95M | 88.3M | 102.8M | 117.68M | 129.92M | 17.21M | 21.81M | 151.06M | 162.88M | 25.72M | 36.86M | 50.91M | 319.41M | 52.52M | 34.45M | 27.19M |
| Fixed Asset Turnover | 3.82x | 4.52x | 5.26x | 9.11x | 8.65x | 7.11x | 5.07x | 3.80x | 7.09x | 16.80x | 4.37x | 0.79x | 3.05x | 33.38x | 50.90x | 9.26x | 10.24x | 38.56x | 82.46x | 88.26x |
| Goodwill | 567.54M | 569.82M | 572.04M | 59.73M | 59.58M | 64.53M | 62.61M | 64.14M | 66.51M | 0 | 0 | 0 | 2.83M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 213.28M | 226.87M | 244.73M | 50.29M | 52.8M | 59.16M | 60.22M | 65M | 69.78M | 819.82K | 960.48K | 7.64M | 4.72M | 1.15M | 1.22M | 1.64M | 8.37M | 1.32M | 1.05M | 741.11K |
| Long-Term Investments | 5.56B | 6.77B | 8.02B | 7.85B | 7.33B | 7.25B | 6.58B | 7.3B | 7B | 994.66M | 906.64M | 6.13B | 4.93B | 269.72M | 820.68M | 622M | 2.02B | 421.28M | 389.7M | 290.47M |
| Other Non-Current Assets | 29.43M | 10.02M | 15.72M | 11.98M | 2.86M | 5.63M | 6.5M | 11.75M | 4.87M | 828.86K | 1.11M | 9.48M | 13.46M | 2.37M | 3.32M | 6.56M | 48.96M | 5.89M | 3.88M | 3.92M |
| Total Assets | 17.94B | 17.43B | 17.49B | 17.07B | 16.87B | 16.4B | 16.34B | 16.03B | 16.32B | 2.27B | 2.29B | 16.11B | 16.38B | 2.39B | 2.62B | 2.52B | 16.37B | 2.5B | 2.5B | 2.29B |
| Asset Turnover | 0.06x | 0.06x | 0.05x | 0.04x | 0.04x | 0.04x | 0.03x | 0.03x | 0.06x | 0.14x | 0.04x | 0.01x | 0.03x | 0.42x | 0.87x | 0.18x | 0.20x | 0.67x | 1.06x | 1.65x |
| Asset Growth % | 6.34% | 6.27% | 7.01% | 6.53% | 3.41% | 622.59% | 612.88% | -0.49% | -0.39% | -5% | -12.4% | 539.48% | 0.08% | -4.35% | 4.72% | 9.87% | 2536.15% | -37.24% | - | - |
| Total Current Liabilities | 1.97B | 1.03B | 1B | 819.65M | 857.85M | 714.35M | 658.59M | 599.22M | 668.67M | 83.96M | 78.8M | 484.02M | 789.83M | 193.99M | 420.66M | 369.1M | 2.74B | 421.91M | 509.69M | 402.87M |
| Accounts Payable | 403.97M | 338.67M | 357.04M | 396.16M | 295.49M | 352.4M | 323.81M | 213.85M | 109.41M | 32.86M | 18.2M | 47.35M | 52.49M | 93.95M | 206.9M | 158.34M | 506.09M | 224.29M | 336.98M | 238.21M |
| Days Payables Outstanding | 47.92 | 46.97 | 62.08 | 65.18 | 57.72 | 65.71 | 61.05 | 44.9 | 17.05 | 10.58 | 10.67 | 57.09 | 48.44 | 26.49 | 13.23 | 28.28 | 29.5 | 25.29 | 18.76 | 11.13 |
| Short-Term Debt | 120.76M | 113.34M | 104.11M | 60M | 40M | 0 | 0 | 0 | 41.11M | 4.89M | 6.78M | 0 | 0 | 22.71M | 23.44M | 29M | 0 | 12.35M | 8.47M | 7.84M |
| Deferred Revenue (Current) | 84.06M | 94.09M | 94.08M | 5.55M | 10.61M | 24.51M | 56.91M | 15.06M | 49.59M | 9.34M | 13.01M | 45.7M | 75.23M | 4.77M | 68.57M | 34.16M | 286.65M | 17.94M | 18.28M | 13.8M |
| Other Current Liabilities | 1.1B | 0 | 0 | 0 | 29.24M | 0 | 0 | 0 | -4.19M | 14.49M | 16.53M | 0 | 38.16M | 28.51M | 37.72M | 59.61M | 214.92M | 40.17M | 40.82M | 28.4M |
| Current Ratio | 5.70x | 9.30x | 8.35x | 10.97x | 10.84x | 12.42x | 14.38x | 14.03x | 13.44x | 14.86x | 17.17x | 20.13x | 14.18x | 10.76x | 4.16x | 4.97x | 5.10x | 4.78x | 4.06x | 4.89x |
| Quick Ratio | 5.55x | 9.08x | 8.12x | 10.83x | 10.68x | 12.31x | 14.25x | 13.86x | 13.22x | 14.73x | 17.01x | 19.92x | 14.01x | 10.72x | 4.12x | 4.86x | 4.88x | 4.55x | 3.86x | 4.81x |
| Cash Conversion Cycle | 18.91 | 17.82 | 8.63 | 16.27 | 21.11 | -2.69 | 10.15 | 34.09 | 19.06 | 1.43 | 19.46 | 125.69 | 9.24 | -23.23 | -10.61 | -0.37 | -1.07 | -16.16 | -14.31 | -7.96 |
| Total Non-Current Liabilities | 233.02M | 209.32M | 245.14M | 29.48M | 23.25M | 28.89M | 34.91M | 40.55M | 48.01M | 5.24M | 6.54M | 40.71M | 48.62M | 6M | 13.8M | 15.05M | 108.75M | 19.57M | 8.52M | 8.38M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 55.71M | 29.37M | 31.29M | 13.26M | 7.05M | 7.14M | 13.12M | 17.97M | 24.42M | 4.05M | 5.35M | 32.06M | 39.97M | 5.37M | 13.12M | 14.34M | 104.23M | 18.77M | 7.71M | 7.58M |
| Deferred Tax Liabilities | 112.98M | 110.83M | 123.09M | 16.23M | 16.2M | 21.76M | 21.79M | 0 | 23.59M | 1.18M | 1.19M | 8.65M | 8.65M | 636.42K | 674.15K | 711.48K | 4.51M | 806.23K | 806.32K | 794.81K |
| Other Non-Current Liabilities | 64.33M | 69.12M | 90.76M | 0 | 0 | 0 | 0 | 22.58M | 23.59M | 0 | 0 | 8.65M | 8.65M | 0 | 0 | 0 | 4.51M | 0 | 0 | 0 |
| Total Liabilities | 2.2B | 1.24B | 1.25B | 849.13M | 881.1M | 743.24M | 693.5M | 639.78M | 716.68M | 89.19M | 85.34M | 524.73M | 838.45M | 200M | 434.46M | 384.15M | 2.85B | 441.49M | 518.21M | 411.25M |
| Total Debt | 176.47M | 165.46M | 158.05M | 83.56M | 58.5M | 23.85M | 41.33M | 49.06M | 94.96M | 8.94M | 12.14M | 71.39M | 85.92M | 28.07M | 36.57M | 43.34M | 184.81M | 31.12M | 16.18M | 15.42M |
| Net Debt | -5.37B | -3.29B | -3.7B | -4.63B | -5.53B | -3.23B | -3.04B | -2.27B | -2.3B | -343.9M | -232.55M | -1.38B | -1.18B | -99.8M | -218.82M | -647.92M | -5.02B | -954.39M | -993.83M | -1.46B |
| Debt / Equity | 0.01x | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | 0.01x | 0.00x | 0.01x | 0.00x | 0.01x | 0.01x | 0.02x | 0.02x | 0.01x | 0.02x | 0.01x | 0.01x |
| Debt / EBITDA | 0.85x | 1.60x | 0.64x | 0.33x | - | 0.12x | 0.26x | 0.33x | - | - | 0.17x | - | - | 0.06x | 0.08x | 0.07x | 0.34x | 0.03x | 0.02x | - |
| Net Debt / EBITDA | -25.73x | -31.86x | -14.98x | -18.44x | - | -16.17x | -19.42x | -15.26x | - | - | -3.24x | - | - | -0.21x | -0.48x | -1.02x | -9.21x | -1.06x | -1.01x | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 15.74B | 16.19B | 16.24B | 16.22B | 15.99B | 15.66B | 15.65B | 15.39B | 15.6B | 2.18B | 2.21B | 15.58B | 15.54B | 2.19B | 2.18B | 2.13B | 13.52B | 2.06B | 1.98B | 1.88B |
| Equity Growth % | -1.55% | 3.4% | 3.79% | 5.44% | 2.51% | 618.06% | 609.03% | -1.24% | 0.37% | -0.4% | 1.13% | 629.99% | 14.95% | 6.45% | 10.18% | 13.47% | 5760.27% | 320.64% | - | - |
| Book Value per Share | 12.77 | 12.50 | 12.40 | 12.40 | 12.38 | 12.16 | 12.18 | 11.82 | 11.78 | 1.62 | 1.63 | 11.83 | 11.86 | 1.65 | 1.64 | 1.58 | 9.95 | 1.51 | 1.42 | 1.23 |
| Total Shareholders' Equity | 15.64B | 16.1B | 16.15B | 16.22B | 15.99B | 15.66B | 15.65B | 15.4B | 15.61B | 2.18B | 2.21B | 15.61B | 15.57B | 2.19B | 2.19B | 2.14B | 13.51B | 2.06B | 1.98B | 1.88B |
| Common Stock | 0 | 16.1B | 16.15B | 16.22B | 104K | 15.66B | 15.65B | 15.4B | 104K | 0 | 0 | 15.61B | 104K | 0 | 0 | 0 | 103K | 15.94K | 15.94K | 15.71K |
| Retained Earnings | 0 | 0 | 0 | 0 | 4.25B | 0 | 0 | 0 | 3.77B | 0 | 0 | 0 | 3.32B | 0 | 0 | 0 | 1.91B | 224.26M | 73.61M | -53.19M |
| Treasury Stock | 0 | 0 | 0 | 0 | -2.11B | 0 | 0 | 0 | -1.28B | 0 | 0 | 0 | -627.89M | 0 | 0 | 0 | -127.52M | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 1.12B | 0 | 0 | 0 | 1.01B | 0 | 0 | 0 | 809.95M | 0 | 0 | 0 | -147.55M | 5.1M | -1.38M | 26.83M |
| Minority Interest | 97.93M | 90.97M | 87.69M | 2.37M | 1.74M | -3.7M | -7.43M | -10.05M | -10.98M | -1.96M | -3.59M | -28.03M | -28.69M | -4.52M | -5.07M | -2.27M | 3.8M | 450K | 0 | 0 |