So-Young International Inc. (SY) 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 | Q3'20 | Q2'20 |
|---|
| Total Current Assets | 1.49B | 1.48B | 1.6B | 1.62B | 1.72B | 1.77B | 1.74B | 1.75B | 1.72B | 1.82B | 1.91B | 1.81B | 1.92B | 1.98B | 2.93B | 3B |
| Cash & Short-Term Investments | 936.96M | 875.25M | 913.6M | 1.02B | 1.19B | 1.15B | 1.16B | 1.32B | 1.33B | 1.39B | 1.52B | 1.46B | 1.57B | 1.62B | 2.78B | 2.87B |
| Cash Only | 483.2M | 333.37M | 380.91M | 444.73M | 587.75M | 467.41M | 456.93M | 448.04M | 426.12M | 438.6M | 758.71M | 815.85M | 694.42M | 713.65M | 552.15M | 1.57B |
| Short-Term Investments | 453.76M | 541.87M | 532.7M | 575.23M | 599.04M | 681.03M | 704.98M | 874.89M | 900.82M | 950.86M | 762.52M | 648.02M | 875.96M | 908.72M | 2.23B | 1.29B |
| Accounts Receivable | 68.65M | 92.3M | 104.04M | 119.97M | 226.25M | 138.61M | 102.4M | 99.38M | 80.38M | 115.5M | 95.26M | 79.66M | 170.29M | 89.94M | 69.71M | 66.22M |
| Days Sales Outstanding | 16.29 | 23.36 | 26.91 | 52.41 | 45.46 | 29.82 | 22.54 | 25.7 | 23.07 | 25.16 | 19.32 | 36.27 | 36.82 | 22.53 | 17.39 | 73.64 |
| Inventory | 233.54M | 193.95M | 242.41M | 175.3M | 151.75M | 145.6M | 143.37M | 126.53M | 118.92M | 115.18M | 123.02M | 119.49M | 120.48M | 105.19M | 25.18M | 16M |
| Days Inventory Outstanding | 77.91 | 98.49 | 102.98 | 97.2 | 89.37 | 93.5 | 79.2 | 95.2 | 78.24 | 76.84 | 73.38 | 94.96 | 117.7 | 63.26 | 34.6 | 115.11 |
| Other Current Assets | 246.39M | 318.85M | 335.55M | 301.86M | 76.3M | 335.89M | 341.07M | 199.8M | 141.13M | 219.25M | 189.33M | 161M | 17.29M | 194.56M | 84.79M | 75.9M |
| Total Non-Current Assets | 1.17B | 1.16B | 1.05B | 1.03B | 1.01B | 1.54B | 1.49B | 1.44B | 1.49B | 1.31B | 1.26B | 1.29B | 1.28B | 1.33B | 309.29M | 304.76M |
| Property, Plant & Equipment | 545.54M | 489.98M | 392.93M | 350.84M | 318.12M | 313.75M | 277.05M | 235.19M | 235.19M | 148.86M | 163.41M | 168.98M | 179.08M | 186.85M | 160.07M | 167.24M |
| Fixed Asset Turnover | 0.88x | 0.88x | 1.02x | 0.89x | 1.17x | 1.26x | 1.59x | 1.35x | 2.03x | 2.47x | 2.48x | 1.78x | 1.78x | 1.86x | 2.20x | 1.96x |
| Goodwill | 684.43K | 684K | 684K | 684K | 684K | 540.69M | 540.69M | 540.69M | 540.69M | 540.69M | 540.69M | 540.69M | 540.69M | 540.69M | 0 | 0 |
| Intangible Assets | 144.19M | 131.51M | 126.56M | 127.98M | 126.61M | 131.64M | 133.1M | 139.14M | 145.25M | 151.16M | 156.82M | 163.11M | 169.28M | 175.59M | 41.17M | 42.29M |
| Long-Term Investments | 274.93M | 277.06M | 277.64M | 277.44M | 280.28M | 287.51M | 278.55M | 256.02M | 261.02M | 252.37M | 251.71M | 244.01M | 227.96M | 234.07M | 41.23M | 42.88M |
| Other Non-Current Assets | 131.08M | 179.94M | 172.94M | 185.61M | 200.15M | 180.63M | 264.17M | 189.44M | 232.46M | 154.17M | 79.94M | 105.65M | 99.29M | 142.76M | 29.12M | 14.65M |
| Total Assets | 2.65B | 2.64B | 2.65B | 2.64B | 2.74B | 3.3B | 3.23B | 3.19B | 3.21B | 3.13B | 3.16B | 3.09B | 3.2B | 3.32B | 3.24B | 3.3B |
| Asset Turnover | 0.17x | 0.15x | 0.14x | 0.11x | 0.12x | 0.11x | 0.13x | 0.10x | 0.12x | 0.12x | 0.13x | 0.10x | 0.10x | 0.10x | 0.11x | 0.10x |
| Asset Growth % | -3.07% | -19.97% | -18% | -17.07% | -14.91% | 5.47% | 2.15% | 3.05% | 0.52% | -5.57% | - | - | - | - | - | - |
| Total Current Liabilities | 784.55M | 672.61M | 625.12M | 587.34M | 630.21M | 608.14M | 549.45M | 543.85M | 540.42M | 558.49M | 588.98M | 517.98M | 538.04M | 686.8M | 504.78M | 499.17M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | 7.06 | - | - | - | - | - | - | - |
| Short-Term Debt | 116.42M | 39.86M | 59.8M | 59.72M | 69.77M | 89.56M | 39.71M | 29.93M | 29.82M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 65.99M | 75.78M | 70.36M | 74.42M | 190.37M | 94.75M | 95.66M | 97.8M | 195.21M | 113.77M | 106.93M | 111.09M | 181.67M | 134.27M | 116.63M | 96.87M |
| Other Current Liabilities | 428.4M | 0 | 0 | 0 | 18.36M | 0 | 0 | 0 | 224.31M | 0 | 0 | 0 | 239.93M | 0 | 0 | 0 |
| Current Ratio | 1.89x | 2.20x | 2.55x | 2.75x | 2.74x | 2.91x | 3.16x | 3.22x | 3.19x | 3.26x | 3.24x | 3.49x | 3.56x | 2.89x | 5.81x | 6.01x |
| Quick Ratio | 1.60x | 1.91x | 2.16x | 2.45x | 2.50x | 2.67x | 2.90x | 2.98x | 2.97x | 3.05x | 3.03x | 3.26x | 3.34x | 2.73x | 5.76x | 5.98x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | 94.25 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 196.89M | 180.21M | 164.95M | 156.26M | 146.22M | 147.3M | 137.43M | 120.77M | 112.83M | 32.43M | 35.23M | 40.23M | 51.97M | 65.83M | 110.92M | 120.45M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 183.48M | 159.97M | 145.24M | 135.66M | 125.2M | 124.92M | 114.48M | 95.56M | 86.21M | 5.81M | 6.67M | 9.03M | 20.97M | 32.69M | 102.12M | 111.38M |
| Deferred Tax Liabilities | 10.62M | 18M | 17.97M | 19.09M | 19.76M | 20.78M | 21.34M | 0 | 25.08M | 0 | 0 | 0 | 30.99M | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.78M | 2.23M | 1.74M | 1.5M | 1.26M | 1.61M | 1.61M | 25.21M | 1.54M | 26.63M | 28.56M | 31.19M | 30.99M | 33.15M | 8.8M | 9.07M |
| Total Liabilities | 981.44M | 852.81M | 790.07M | 743.6M | 776.43M | 755.44M | 686.88M | 664.63M | 653.25M | 590.92M | 624.21M | 558.21M | 590M | 752.63M | 615.7M | 619.62M |
| Total Debt | 299.9M | 265.59M | 263.69M | 247.26M | 239.88M | 254.87M | 181.67M | 151.75M | 145.77M | 38.53M | 51.9M | 59.87M | 71.26M | 82.52M | 141.82M | 155.66M |
| Net Debt | -183.3M | -67.78M | -117.22M | -197.47M | -347.87M | -212.53M | -275.25M | -296.28M | -280.35M | -400.07M | -706.81M | -755.98M | -623.16M | -631.13M | -410.33M | -1.42B |
| Debt / Equity | 0.18x | 0.15x | 0.14x | 0.13x | 0.12x | 0.10x | 0.07x | 0.06x | 0.06x | 0.02x | 0.02x | 0.02x | 0.03x | 0.03x | 0.05x | 0.06x |
| Debt / EBITDA | - | - | - | - | - | 15.73x | 9.96x | - | 22.03x | 3.94x | - | - | 1.97x | 487.54x | - | - |
| Net Debt / EBITDA | - | - | - | - | - | -13.11x | -15.08x | - | -42.36x | -40.91x | - | - | -17.25x | -3728.98x | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 1.67B | 1.79B | 1.86B | 1.9B | 1.96B | 2.55B | 2.55B | 2.52B | 2.56B | 2.54B | 2.54B | 2.54B | 2.61B | 2.56B | 2.62B | 2.68B |
| Equity Growth % | -14.75% | -29.71% | -26.92% | -24.69% | -23.53% | 0.27% | 0.21% | -0.48% | -1.79% | -0.9% | - | - | - | - | - | - |
| Book Value per Share | 12.73 | 13.68 | 14.14 | 14.32 | 14.69 | 19.27 | 18.85 | 18.77 | 19.68 | 19.48 | 19.44 | 18.79 | 18.57 | 18.28 | 18.47 | 18.98 |
| Total Shareholders' Equity | 1.55B | 1.67B | 1.74B | 1.78B | 1.84B | 2.43B | 2.43B | 2.41B | 2.44B | 2.43B | 2.43B | 2.42B | 2.5B | 2.49B | 2.62B | 2.68B |
| Common Stock | 294.19K | 292K | 291K | 290K | 290K | 289K | 288K | 287K | 275K | 274K | 274K | 273K | 273K | 269K | 261K | 261K |
| Retained Earnings | -1.18B | -1.06B | -995.57M | -959.53M | -926.39M | -312.12M | -332.46M | -351.41M | -330.17M | -342.84M | -361.14M | -358.57M | -346.62M | -369.45M | -292.88M | -293.78M |
| Treasury Stock | -392.19M | -391.94M | -391.94M | -382.72M | -376.69M | -369.91M | -365.45M | -359.09M | -358.45M | -354.28M | -351.64M | -295.37M | -232.84M | -217.71M | 0 | 0 |
| Accumulated OCI | 59.83M | 61.43M | 68.53M | 70.83M | 72.11M | 42.71M | 57.79M | 53.72M | 52.04M | 60.24M | 66.36M | 18.82M | 33.13M | 45.08M | 49.34M | 135.29M |
| Minority Interest | 115.58M | 120.77M | 120.83M | 119.59M | 119.61M | 119.84M | 119.34M | 118.24M | 117.19M | 115.46M | 114.62M | 117.77M | 109.94M | 70.46M | 0 | 0 |