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AMTDAMTD IDEA Group
$11.63$2M
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AMTD IDEA Group (AMTD) Balance Sheet

30Y historyFree accessUpdated daily

The firm's liquidity position has deteriorated significantly, with cash reserves declining from $1.1B in 2022Q4 to $87.9M in 2024Q4, while goodwill has expanded to $119.4M, introducing potential valuation impairment risks.

Income StatementBalance SheetCash FlowRatios

AMTD Balance Sheet

Annual statement

AMTD Balance Sheet

AMTD IDEA Group (AMTD) balance sheet — 30-year assets, liabilities & shareholders' equity history

AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09Sep'08Sep'07Sep'06Sep'05Sep'04Sep'03Sep'02Sep'01Sep'00Sep'99Sep'98Sep'97Sep'96
Cash & Short Term Investments349.33M59.4M87.86M120.23M1.08B526.26M516.52M769.13M126.67M830.72M4.68B2.91B2.26B2.31B1.07B1.03B744.75M842.95M673.83M413.59M364M171.06M155M248.99M198.4M24.13M82.35M76.9M24.5M53.5M16.8M
Cash & Due from Banks42.53M51.07M62.87M120.23M1.08B526.26M453.99M769.13M126.67M86.33M3.93B2.91B2.26B2.29B914.72M1.03B741.16M790.9M673.83M413.59M364M171.06M155M248.99M198.4M24.13M82.35M76.9M24.5M53.5M16.8M
Short Term Investments26.25M8.33M24.99M00062.51M01.95B744.44M7.68B26.31M016.99M153.95M03.59M52.05M0000000000000
Total Investments401.25M358.39M164.62M95.43M2.8B3.55B2.4B1.17B1.95B12.68M7.68B26.31M016.99M153.95M03.59M52.05M001.64B07.88B7.97B0000000
Investments Growth %408.4%117.71%72.51%-96.59%-21.13%47.62%105.35%-40.13%15304.79%-99.83%29075.72%--100%-88.96%--100%-93.1%---100%--100%-1.18%--------
Long-Term Investments1B350.06M139.63M95.43M2.8B3.55B2.34B1.17B0000000000001.64B07.88B7.97B0000000
Accounts Receivables7.4M6.61M6.53M5.02M183.88M86.53M000092.96M00000000000000000000
Goodwill & Intangibles118.19M119.1M119.38M118.42M814.5M15.17M15.17M15.22M15.15M15.16M117.67M3.13B3.22B3.31B3.4B3.49B3.59B3.7B002.79B01.02B972.87M0000000
Goodwill000058.65M0000002.47B2.47B2.47B2.47B2.47B2.47B2.47B001.73B0770.09M734.88M0000000
Intangible Assets118.19M119.1M119.38M118.42M755.85M15.17M15.17M15.22M15.15M15.16M117.67M660.72M750.82M840.71M931.71M1.02B1.12B1.22B001.06B0247M237.99M0000000
PP&E (Net)694.33M314.07M291.45M70.05M90.04K67.13K111.36K31.1K131.01K451.36K5.37M520.78M542.87M496.83M443.86M340.59M272.09M238.16M153.14M92.41M57M33.26M30M36M57.22M83.67M90.35M68.6M26.1M8.7M3.6M
Other Assets38.71M82.61M006.38B6.15B3.44B7.52B6.95B424.63M19.44B16.41B14.95B12.13B11.64B0-1.4B-1.46B1.79B1.77B-3.01B769.21M-8.21B-8.29B964.98M225.86M40M12.8M6M6.3M6.6M
Total Current Assets1.32B1.43B1.52B1.2B1.08B526.26M7.07B769.13M126.67M5.59B9.26B6.3B5.11B5.89B4.03B2.52B993.59M5.81B259.88M413.59M8.53B11.38B10.9B10.08B8.78B3.34B3.67B2.96B1.26B742.39M492.29M
Total Non-Current Assets1.23B865.84M550.46M283.91M7.19B6.16B3.45B7.53B6.97B440.24M19.56B20.06B18.71B15.94B15.48B3.83B2.47B2.47B1.95B1.86B1.79B802.46M799.96M771.04M1.02B309.53M130.35M81.4M32.1M15M10.2M
Total Assets2.55B2.3B2.07B1.49B8.27B6.69B10.53B8.3B7.1B6.04B28.82B26.36B23.83B21.83B19.51B6.35B1.63B8.28B1.16B2.27B10.32B137.89M11.7B10.85B9.8B3.65B3.8B3.04B1.29B757.39M502.49M
Asset Growth %95.45%11.13%39.24%-82.02%23.64%-36.47%26.83%16.95%17.59%-79.06%9.33%10.65%9.15%11.9%207.23%289.31%-80.31%616.62%-49.17%-77.97%7385.32%-98.82%7.85%10.72%168.24%-3.8%25.06%135.36%70.37%50.73%-
Return on Assets (ROA)3.27%2%2.87%2.93%16.43%14.24%12.1%12.19%7.12%3.26%3.05%3.24%3.45%3.26%4.53%15.98%11.94%13.63%46.86%10.25%16.59%5.74%2.57%1.32%-0.43%-2.45%-0.4%0.53%0.02%2.19%2.23%
Accounts Payable3.4M1.12M2.39M8.63M76.82M0202M494.01M76.88M3.78B2.51B335.07M341.85M355.03M322.98M1.76B000012.44B013.76B1.64B0517.1M00000
Total Debt549.5M292.42M283.49M96.55M20.58M64.24M116.24M117.22M321.58M351.05M82.27M1.8B1.25B1.07B1.5B1.35B1.31B1.47B1.44B1.48B1.71B6.22M046M47.65M7.71M275M200M11M05.7M
Net Debt506.96M241.34M220.62M-23.69M-1.06B-462.02M-337.75M-651.91M194.91M264.72M-1.42B-1.12B-1.01B-1.22B583.82M315.52M564.12M675.49M770.06M1.07B1.35B-164.84M-155M-202.99M-150.75M46.01M192.65M123.1M-13.5M-53.5M-11.1M
Long-Term Debt514.53M208.91M219.43M30.37M3.57M125.73M116.23M117.22M0001.8B1.25B1.05B1.34B1.34B1.3B1.41B1.44B1.48B1.71B0046M47.65M6.11M275M200M11M05.7M
Short-Term Debt34.96M83.23M63.54M65.79M20.12M49.88M29.96M318.87M322.03M351.05M82.27M26.31M016.99M153.95M03.59M52.05M0000000000000
Other Liabilities141.8M2.41M1.66M0233.7M772.26M685.88M1.26B3.37B-172.39M0-1.54B-1.91B-365.87M-381.88M-383.52M-407.8M-265.91M0-375K-8M013.92B08.65B002.62B000
Total Current Liabilities34.96M162.41M143.13M157.06M191.43M91.6M81.06M66.28M0351.05M319.83M19.66B17.98B16.1B13.74B11.67B9.65B13.4B11.58B14.45B13.13B14.9B14.07B13.12B03.2B00000
Total Non-Current Liabilities714.9M222.96M226.76M193.02M263.07M897.99M802.11M1.38B3.59B324.17M2.22M1.8B1.1B1.05B1.34B1.34B1.3B1.41B1.44B1.48B1.7B013.92B46M8.7B47.64M275M2.82B11M05.7M
Total Liabilities749.87M385.38M369.89M193.02M454.49M898.05M802.15M1.45B3.91B3.37B322.05M21.46B19.08B17.15B15.08B13.01B10.95B14.81B13.02B15.93B14.83B14.9B14.07B13.17B8.7B3.28B3.53B2.82B1.21B690.39M471.89M
Total Equity1.8B1.91B1.7B1.29B7.81B5.79B9.72B6.85B3.19B2.67B2.61B4.9B4.75B4.67B4.42B4.11B3.77B3.55B2.92B2.15B1.73B1.52B1.21B1.24B1.1B371.43M264.16M220.5M84.6M67M30.6M
Equity Growth %77.14%12.64%31.42%-83.44%34.96%-40.47%41.91%114.83%19.62%2.32%-46.83%3.25%1.55%5.67%7.51%9.13%6.21%21.42%35.74%24.5%13.9%25.42%-2.02%12.52%195.72%40.6%19.8%160.64%26.27%118.95%-
Equity / Assets (Capital Ratio)70.61%83.25%82.13%87.02%94.5%86.57%92.38%82.56%44.95%44.18%9.04%18.59%19.92%21.41%22.68%64.8%231.17%42.86%252.96%94.72%16.76%1101.46%10.35%11.39%11.21%10.17%6.96%7.26%6.56%8.85%6.09%
Return on Equity (ROE)4.27%2.41%3.41%3.14%18.06%15.8%13.74%18.69%15.96%21.53%22.43%16.85%16.7%14.83%13.72%16.17%16.17%19.88%31.65%33.24%53.41%24.89%23.73%11.71%-3.94%-28.69%-5.62%7.54%0.26%28.28%36.6%
Book Value per Share422705.197642.789129.937704.4356362.0154849.0585403.5868423.7634449.1128798.7429281.46895.96856.83843.75798.49713.77636.94604.49484.75354.11287.29367.61289.97289.20483.18199.88150.93134.2248.5338.4217.55
Tangible BV per Share394966.837167.448488.806999.1150486.8354705.3185270.3368271.7434285.5028635.0527959.36324.36276.11246.85185.14108.3030.50-24.77484.75354.11-175.81367.6146.4361.56483.18199.88150.93134.2248.5338.4217.55
Common Stock152.61M150.17M48K48K295.74K192.72K192.71K193.38K156.76K156.83K1.22M6M6M6M6M6.31M6.31M6.31M6.31M6.31M6M4.35M4M4M4.34M2.15M1.76M1.7M000
Additional Paid-in Capital0000000000000000000000000000000
Retained Earnings0940.66M906.58M859.85M5.56B4.45B3.34B2.29B1.34B869.89M2.35B5.04B4.55B4.3B4.1B3.64B3.12B2.53B1.89B1.09B441M652.73M313M58M-78.47M-49.51M41.67M55.3M43.8M43.5M29.6M
Accumulated OCI2.12B1.17B1.19B927.02M9.51B6.32B6.39B4.57B1.31B1.31B258.53M-424.82M-358.91M-281.9M-234.93M-178.89M-132.87M-91.31M008M088M52M0000000
Treasury Stock-734.67M-734.66M-734.66M-734.66M-7.51B-5.01B0000000000000000000000000
Preferred Stock0000000000000000000000000000000

Key Metrics

Growth RegimeContracting
ProfitabilityStrained
Balance SheetVulnerable
Cash FlowDeteriorating
Top Statement Risk

Illiquid Asset Valuation Risk

Asset Base Contraction Signals Retrenchment

According to historical balance sheet data, AMTD's total assets have plummeted from a peak of $11.1B in 2021Q2 to $2.1B by 2024Q4, reflecting a significant contraction in the firm's scale and a potential shift away from its previous aggressive capital deployment strategy.

The dramatic reduction in total assets suggests that the firm is either divesting from its strategic investment portfolio or experiencing significant valuation write-downs. This trajectory warrants caution, as it indicates that the company's historical growth was likely driven by transient market conditions rather than sustainable operational expansion.

Asset Composition Lacks Liquidity Depth

Based on reported figures, AMTD's asset mix has shifted toward fixed assets, with PPE rising from negligible levels in 2022Q4 to $291.4M in 2024Q4, suggesting a pivot toward more capital-intensive operations that may limit the firm's agility in volatile financial markets.

The increase in PPE relative to the total asset base indicates a departure from a pure-play financial services model toward a more asset-heavy conglomerate structure. Investors should monitor whether these fixed assets provide genuine economic utility or if they represent a misallocation of capital in a sector that typically rewards liquidity.

Cash Reserves Face Significant Erosion

As reported in recent financial statements, AMTD's cash position has declined from $1.1B in 2022Q4 to $87.9M in 2024Q4, representing a substantial reduction in the liquidity buffer available to support the firm's operations during periods of market stress.

While the current ratio remains elevated at 10.62, the absolute decline in cash reserves suggests that the company's ability to fund new strategic investments or absorb operational losses is significantly diminished. This trend implies that the firm may face increased pressure to monetize illiquid holdings to maintain its ongoing operations.

Goodwill and Valuation Distortion Risks

Based on the provided balance sheet data, goodwill has increased from $15.2M in 2020Q4 to $119.4M in 2024Q4, which may mask the underlying volatility of the firm's strategic investments and introduce potential impairment risks if the carrying value of these acquisitions exceeds their fair market value.

The rising goodwill balance suggests that the company is aggressively accounting for its ecosystem acquisitions, which may artificially inflate the book value of equity. This creates a risk that future earnings could be impacted by non-cash impairment charges, further complicating the assessment of the firm's true financial health.

AMTD — Frequently Asked Questions

Quick answers to the most common questions about buying AMTD stock.

What are the total assets of AMTD IDEA Group (AMTD)?

As of 2025, AMTD IDEA Group (AMTD) had total assets of $2.30B including $1.43B in current assets.

How much debt does AMTD IDEA Group (AMTD) have?

AMTD IDEA Group (AMTD) carries total debt of $292.4M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of AMTD IDEA Group?

AMTD IDEA Group (AMTD) has total shareholders' equity (book value) of $1.74B ($7642.78 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is AMTD IDEA Group's current ratio and liquidity?

AMTD IDEA Group (AMTD) reported a current ratio of 8.83x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.