Li Auto Inc. (LI) quarterly balance sheet — complete assets, liabilities & equity history
Li Auto Inc. (LI) balance sheet — 8-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | 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 |
|---|
| Total Current Assets | 98.5B | 105.21B | 115.29B | 112.75B | 123.54B | 126.17B | 126.31B | 119.75B | 109.81B | 115.65B | 114.53B | 97.73B | 82.6B | 73.07B | 66.99B | 62.07B | 57.89B | 54.34B | 52.38B | 51.35B |
| Cash & Short-Term Investments | 85.64B | 92.81B | 101.02B | 98.68B | 106.92B | 110.68B | 112.81B | 106.54B | 97.25B | 98.89B | 103.26B | 87.42B | 72.25B | 63.34B | 56.51B | 51.97B | 50.44B | 48.53B | 47.52B | 46.94B |
| Cash Only | 40.15B | 42.71B | 56.69B | 51.11B | 49.79B | 53.23B | 65.9B | 77.59B | 80.78B | 85.12B | 91.33B | 72.99B | 60.74B | 43.62B | 38.48B | 37.47B | 33.89B | 32.06B | 27.85B | 32.07B |
| Short-Term Investments | 45.49B | 50.1B | 44.33B | 47.57B | 57.13B | 57.45B | 46.9B | 28.95B | 16.46B | 13.76B | 11.93B | 14.43B | 11.51B | 19.71B | 18.03B | 14.49B | 16.55B | 16.47B | 19.67B | 14.87B |
| Accounts Receivable | 206.66M | 128.52M | 119.82M | 100.87M | 85.7M | 68.54M | 135.11M | 220.38M | 157.95M | 77.25M | 143.52M | 86.76M | 84.39M | 54.03M | 48.38M | 32.58M | 380.88M | 439.85M | 120.54M | 267.64M |
| Days Sales Outstanding | 0.6 | 0.49 | 0.36 | 0.31 | 0.23 | 0.35 | 0.39 | 0.4 | 0.34 | 0.39 | 0.26 | 0.23 | 0.21 | 0.24 | 0.22 | 1.95 | 4.22 | 2.64 | 1.69 | 2.3 |
| Inventory | 8.34B | 7.01B | 8.75B | 8.23B | 11.73B | 10.09B | 8.19B | 8.18B | 8.31B | 12.16B | 6.87B | 6.03B | 5.66B | 6.26B | 6.8B | 5.52B | 3.01B | 1.92B | 1.62B | 1.53B |
| Days Inventory Outstanding | 30.67 | 33.7 | 33.49 | 40.04 | 40.93 | 39.82 | 22.48 | 22.38 | 36.56 | 42.56 | 18.95 | 19.73 | 23.45 | 39.13 | 41.79 | 45.66 | 32.25 | 21.49 | 17.67 | 20.66 |
| Other Current Assets | 4.32B | 5.26B | 5.39B | 5.74B | 4.8B | 5.33B | 5.18B | 4.81B | 4.1B | 4.53B | 4.25B | 4.2B | 4.6B | 3.41B | 1.94B | 4.28B | 3.81B | 3.34B | 3.12B | 2.61B |
| Total Non-Current Assets | 42.22B | 38.82B | 39.01B | 40.37B | 37.75B | 35.68B | 36.04B | 35.07B | 35.3B | 34B | 28.94B | 22.4B | 20.53B | 20.95B | 19.55B | 17.16B | 14.6B | 11.46B | 9.47B | 7.66B |
| Property, Plant & Equipment | 30.79B | 30.28B | 30.37B | 33.46B | 31.13B | 29.02B | 29.46B | 28.62B | 28.29B | 27.22B | 20.43B | 18.09B | 17.55B | 16.96B | 14.73B | 13.32B | 11.74B | 9.32B | 6.56B | 5.64B |
| Fixed Asset Turnover | 0.84x | 0.75x | 0.89x | 0.85x | 1.01x | 0.89x | 1.45x | 1.52x | 1.14x | 1.08x | 2.12x | 1.96x | 1.71x | 1.19x | 1.21x | 0.78x | 0.84x | 1.20x | 1.73x | 1.56x |
| Goodwill | 5.49M | 5.46M | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M | 0 | 0 | 0 | -289.81M | 0 |
| Intangible Assets | 1.17B | 1.17B | 2.7B | 937.77M | 933.71M | 928.85M | 2.44B | 910.48M | 892.19M | 880.57M | 2.11B | 841.51M | 840.01M | 840.67M | 832.62M | 832.03M | 801.94M | 765.46M | 1.04B | 706.53M |
| Long-Term Investments | 2.98B | 2.01B | 848.67M | 832.58M | 827.73M | 821.56M | 922.9M | 1.03B | 1.49B | 1.55B | 1.6B | 1.14B | 777.45M | 1.48B | 1.48B | 1.48B | 709.12M | 301.69M | 156.31M | 134.53M |
| Other Non-Current Assets | 3.52B | 1.78B | 1.76B | 1.92B | 2B | 2.16B | 667.78M | 2.1B | 2.3B | 2.37B | 2.8B | 2.32B | 3.96M | 1.64B | 2.42B | 1.52B | 1.33B | 1.06B | 1.98B | 1.18B |
| Total Assets | 140.73B | 144.03B | 154.3B | 153.12B | 161.29B | 161.85B | 162.35B | 154.82B | 145.11B | 149.66B | 143.47B | 120.14B | 103.12B | 94.01B | 86.54B | 79.23B | 72.49B | 65.79B | 61.85B | 59.02B |
| Asset Turnover | 0.18x | 0.15x | 0.18x | 0.17x | 0.19x | 0.16x | 0.26x | 0.29x | 0.21x | 0.17x | 0.31x | 0.31x | 0.30x | 0.21x | 0.21x | 0.13x | 0.13x | 0.15x | 0.17x | 0.15x |
| Asset Growth % | -12.75% | -11.02% | -4.96% | -1.1% | 11.15% | 8.15% | 13.16% | 28.87% | 40.71% | 59.19% | 65.79% | 51.63% | 42.27% | 42.89% | 39.92% | 34.25% | 62.29% | 74.32% | 70.04% | 132.51% |
| Total Current Liabilities | 54.5B | 55.98B | 63.55B | 62.54B | 71.21B | 67.48B | 69.22B | 67.96B | 62.46B | 75.6B | 72.74B | 57.75B | 46.75B | 33.76B | 27.37B | 21.9B | 17.81B | 13.95B | 12.11B | 9.56B |
| Accounts Payable | 23.46B | 35.84B | 23.71B | 37.77B | 49.97B | 51.96B | 40.04B | 52B | 46.83B | 54.59B | 34.84B | 40.56B | 31.27B | 25.34B | 15.41B | 15.53B | 13.1B | 11.12B | 7.09B | 7.04B |
| Days Payables Outstanding | 118.51 | 127.33 | 121.28 | 176.01 | 191.13 | 200.44 | 126.41 | 134.15 | 181.17 | 200.01 | 110.79 | 121.27 | 111.36 | 122.02 | 104.94 | 153.34 | 158.65 | 110.7 | 79.24 | 94.38 |
| Short-Term Debt | 17.17B | 6.16B | 6.22B | 6.32B | 6.39B | 231.1M | 281.1M | 942.48M | 922.22M | 7.14B | 6.98B | 6.31B | 6.34B | 827.87M | 390.75M | 428.36M | 287.64M | 136.74M | 37.04M | 0 |
| Deferred Revenue (Current) | 1.21B | 1.39B | 1.63B | 1.58B | 1.41B | 1.32B | 1.4B | 1.69B | 1.73B | 1.4B | 1.61B | 1.25B | 1.13B | 555.91M | 579.73M | 547.42M | 529.34M | 336.01M | 315.35M | 244.08M |
| Other Current Liabilities | 12.66B | -55.97M | 151.55M | 0 | 0 | 0 | 3.01M | 0 | 0 | 0 | 5.75B | 1.19B | -2.69B | -1.65B | -1.55B | 125.55M | 126.01M | -560.72M | -570.88M | 6.3M |
| Current Ratio | 1.81x | 1.88x | 1.81x | 1.80x | 1.73x | 1.87x | 1.82x | 1.76x | 1.76x | 1.53x | 1.57x | 1.69x | 1.77x | 2.16x | 2.45x | 2.83x | 3.25x | 3.89x | 4.33x | 5.37x |
| Quick Ratio | 1.65x | 1.75x | 1.68x | 1.67x | 1.57x | 1.72x | 1.71x | 1.64x | 1.63x | 1.37x | 1.48x | 1.59x | 1.65x | 1.98x | 2.20x | 2.58x | 3.08x | 3.76x | 4.19x | 5.21x |
| Cash Conversion Cycle | -87.25 | -93.15 | -87.43 | -135.66 | -149.97 | -160.26 | -103.54 | -111.36 | -144.27 | -157.05 | -91.58 | -101.32 | -87.69 | -82.64 | -62.93 | -105.73 | -122.18 | -86.58 | -59.88 | -71.42 |
| Total Non-Current Liabilities | 20.25B | 17.7B | 17.61B | 17.38B | 16.45B | 22.05B | 21.81B | 19.83B | 19.34B | 12.27B | 10.15B | 8.44B | 7.13B | 13.62B | 13.98B | 13.18B | 12.02B | 10.39B | 8.68B | 8.71B |
| Long-Term Debt | 6.87B | 3.77B | 3.3B | 3.14B | 1.83B | 8.15B | 8.15B | 7.94B | 7.98B | 1.8B | 1.75B | 1.59B | 1.45B | 8.52B | 9.23B | 8.81B | 7.87B | 7.04B | 5.96B | 5.99B |
| Capital Lease Obligations | 5.97B | 6.22B | 6.61B | 6.8B | 6.96B | 6.42B | 6.38B | 5.49B | 5.26B | 5.09B | 3.68B | 2.59B | 2.13B | 1.99B | 1.95B | 1.89B | 1.89B | 1.5B | 1.37B | 1.74B |
| Deferred Tax Liabilities | 548.62M | 587.77M | 691.65M | 675.35M | 762.97M | 854.97M | 865M | 387.68M | 508.55M | 200.88M | 200.88M | 42.08M | 45.51M | 61.67M | 77.81M | 84.26M | 122.43M | 142.04M | 153.72M | 160.08M |
| Other Non-Current Liabilities | 6.19B | 6.47B | 5.95B | 6.13B | 6.23B | 5.95B | 5.25B | 5.27B | 4.8B | 4.35B | 4.72B | 3.46B | 2.92B | 2.47B | 2.14B | 1.81B | 1.6B | 1.85B | 1.35B | 982.83M |
| Total Liabilities | 74.74B | 73.68B | 81.16B | 79.92B | 87.66B | 89.53B | 91.03B | 87.79B | 81.8B | 87.87B | 82.89B | 66.19B | 53.88B | 47.38B | 41.35B | 35.08B | 29.84B | 24.34B | 20.78B | 18.27B |
| Total Debt | 30.01B | 17.67B | 17.81B | 17.89B | 16.92B | 16.36B | 16.34B | 15.69B | 15.46B | 15.31B | 13.55B | 11.46B | 10.73B | 12.09B | 12.26B | 11.84B | 10.61B | 9.17B | 7.84B | 8.15B |
| Net Debt | -10.14B | -25.04B | -38.88B | -33.22B | -32.87B | -36.88B | -49.56B | -61.9B | -65.32B | -69.81B | -77.78B | -61.54B | -50.01B | -31.54B | -26.21B | -25.63B | -23.28B | -22.88B | -20.01B | -23.92B |
| Debt / Equity | 0.45x | 0.25x | 0.24x | 0.24x | 0.23x | 0.23x | 0.23x | 0.23x | 0.24x | 0.25x | 0.22x | 0.21x | 0.22x | 0.26x | 0.27x | 0.27x | 0.25x | 0.22x | 0.19x | 0.20x |
| Debt / EBITDA | - | - | 7.46x | - | 7.48x | 19.84x | 3.20x | 4.51x | 9.45x | 21.75x | 3.39x | 3.84x | 4.58x | 17.45x | 43.18x | - | - | - | 33.82x | 136.74x |
| Net Debt / EBITDA | - | - | -16.28x | - | -14.53x | -44.73x | -9.71x | -17.79x | -39.91x | -99.17x | -19.45x | -20.61x | -21.33x | -45.54x | -92.30x | - | - | - | -86.33x | -401.06x |
| Interest Coverage | -19.08x | -62.98x | 0.27x | -21.62x | 26.90x | 17.06x | 67.23x | 63.77x | 28.25x | 24.62x | 306.36x | 253.27x | 83.70x | 30.99x | 5.39x | -45.45x | -29.48x | 2.91x | 30.20x | 6.23x |
| Total Equity | 65.98B | 70.34B | 73.14B | 73.2B | 73.63B | 72.33B | 71.32B | 67.03B | 63.31B | 61.79B | 60.58B | 53.95B | 49.24B | 46.63B | 45.19B | 44.15B | 42.65B | 41.46B | 41.06B | 40.75B |
| Equity Growth % | -10.38% | -2.74% | 2.55% | 9.2% | 16.29% | 17.04% | 17.74% | 24.25% | 28.57% | 32.51% | 34.06% | 22.2% | 15.45% | 12.48% | 10.04% | 8.34% | 45.26% | 39.43% | 37.78% | 100.42% |
| Book Value per Share | 65.52 | 69.38 | 70.20 | 72.51 | 68.73 | 67.65 | 66.85 | 63.07 | 59.59 | 57.94 | 56.90 | 50.90 | 46.75 | 44.31 | 43.22 | 45.52 | 44.18 | 42.97 | 39.97 | 43.65 |
| Total Shareholders' Equity | 65.98B | 69.81B | 72.62B | 72.69B | 73.12B | 71.82B | 70.87B | 66.59B | 62.88B | 61.36B | 60.14B | 53.61B | 48.89B | 46.3B | 44.86B | 43.86B | 42.36B | 41.46B | 41.06B | 40.75B |
| Common Stock | 0 | 0 | 1.46M | 0 | 1.46M | 0 | 1.45M | 66.59B | 1.45M | 61.36B | 1.45M | 53.61B | 1.42M | 1.42M | 1.42M | 1.42M | 1.41M | 1.41M | 1.41M | 40.75B |
| Retained Earnings | 0 | 0 | 11.18B | 0 | 12.66B | 0 | 10.92B | 0 | 4.58B | 0 | 2.44B | 0 | -5.6B | -7.89B | -8.82B | -9.07B | -7.43B | -6.82B | -6.81B | 0 |
| Treasury Stock | 0 | 0 | -73K | 0 | -80K | 0 | -74K | 0 | -83K | 0 | -90K | 0 | -76K | -80K | -84K | -84K | -86K | -88K | -89K | 0 |
| Accumulated OCI | 0 | 0 | 41.53M | 0 | -415.35M | 0 | -171.75M | 0 | -272.37M | 0 | 219.71M | 0 | -287.31M | -166.5M | -194.11M | -236.21M | -548.78M | -1.61B | -1.52B | 0 |
| Minority Interest | 0 | 531.99M | 520.49M | 506.76M | 506.18M | 501.82M | 445.5M | 435.74M | 429.51M | 431.17M | 432.6M | 338.36M | 348.72M | 331.77M | 327.61M | 290.17M | 295.59M | 0 | 0 | 0 |