The company maintains a conservative capital structure with a negligible debt-to-equity ratio of 0.01 as of 2026Q1, providing significant insulation from interest rate volatility.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Total Current Assets | 9.68B | 9.74B | 12.01B | 7.83B | 11.72B | 9.41B | 11.75B | 15.79B | 12.63B | 7.76B | 5B | 3.27B | 2.89B | 355.8M | 19.83M |
| Cash & Short-Term Investments | 8.5B | 8.68B | 6.15B | 6.89B | 10.62B | 8.43B | 10.93B | 14.93B | 11.29B | 6.93B | 4.52B | 3.05B | 2.8B | 335.58M | 18.54M |
| Cash Only | 5.49B | 5.44B | 4.12B | 5.62B | 5.02B | 5.57B | 3.36B | 2.61B | 2.47B | 4.48B | 1.79B | 1.1B | 2.8B | 335.58M | 18.54M |
| Short-Term Investments | 3.01B | 3.24B | 2.03B | 1.27B | 5.6B | 2.86B | 7.57B | 12.31B | 8.82B | 2.45B | 2.73B | 1.95B | 0 | 0 | 0 |
| Accounts Receivable | 432.88M | 268.13M | 192.32M | 201.52M | 188.71M | 205.22M | 200.83M | 269.54M | 719.61M | 291.09M | 251.13M | 104.33M | 43.66M | 11.71M | 951.02K |
| Days Sales Outstanding | 10.6 | 9.44 | 6.65 | 6.13 | 5.42 | 5.14 | 4.88 | 5.78 | 19.59 | 11.96 | 24.72 | 43.78 | 57.4 | 225.49 | - |
| Inventory | 0 | 0 | 0 | 0 | 97.71M | 0 | 2.13M | 0 | 0 | 0 | 499.95K | 0 | 0 | 5.31M | 25K |
| Days Inventory Outstanding | - | - | - | - | 4.81 | - | 0.1 | - | - | - | 0.11 | - | - | 109.36 | 9.93 |
| Other Current Assets | 752.03M | 791.82M | 4.57B | 723.76M | 468.9M | 421.84M | 247.84M | 599M | 620.98M | 538.18M | 55.1M | 319.47M | 46.87M | 2.22M | 258.01K |
| Total Non-Current Assets | 3.99B | 4.05B | 6.37B | 8.39B | 4.11B | 8.7B | 11.47B | 6.69B | 6.33B | 739.73M | 344.31M | 248.77M | 77.47M | 26.14M | 959.02K |
| Property, Plant & Equipment | 1.48B | 1.54B | 1.15B | 768.61M | 288.5M | 438.6M | 543.94M | 536.9M | 387.53M | 259.59M | 96.74M | 105.1M | 61.63M | 20.38M | 959.02K |
| Fixed Asset Turnover | 7.77x | 6.73x | 9.19x | 15.62x | 44.03x | 33.23x | 27.62x | 31.69x | 34.60x | 34.23x | 38.32x | 8.28x | 4.50x | 0.93x | - |
| Goodwill | 577.6M | 596.68M | 136.25M | 0 | 0 | 0 | 4.09B | 4.36B | 4.31B | 22.2M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 224.64M | 240.87M | 86.66M | 17.09M | 22.2M | 27.32M | 687.21M | 890.3M | 1.04B | 48.72M | 251.13M | 447.94K | 0 | 0 | 0 |
| Long-Term Investments | 8.3B | 1.52B | 3.89B | 4.71B | 893.99M | 820.01M | 455M | 495.9M | 447.46M | 289.46M | 221.73M | 125.41M | 10.92M | 5.76M | 0 |
| Other Non-Current Assets | 119.85M | 118.04M | 1.11B | 2.87B | 2.87B | 7.38B | 5.67B | 369.04M | 95.71M | 72.77M | 18.01M | 12.98M | 4.92M | 0 | 0 |
| Total Assets | 13.67B | 13.79B | 18.38B | 16.23B | 15.83B | 18.11B | 23.22B | 22.48B | 18.97B | 8.52B | 5.34B | 3.52B | 2.97B | 381.95M | 20.78M |
| Asset Turnover | 0.71x | 0.75x | 0.57x | 0.74x | 0.80x | 0.80x | 0.65x | 0.76x | 0.71x | 1.04x | 0.69x | 0.25x | 0.09x | 0.05x | - |
| Asset Growth % | -73.05% | -25% | 13.28% | 2.52% | -12.6% | -22% | 3.28% | 18.55% | 122.63% | 59.38% | 51.86% | 18.58% | 677.13% | 1737.65% | - |
| Total Current Liabilities | 2.23B | 2.08B | 6.4B | 2.09B | 4.74B | 2.52B | 2.52B | 2.61B | 2.7B | 1.7B | 928.37M | 467.05M | 236.42M | 33.73M | 143K |
| Accounts Payable | 567.01M | 584.93M | 615.25M | 616.68M | 617.02M | 726.21M | 699.39M | 714.32M | 718.36M | 484.94M | 280.93M | 67.81M | 36.6M | 2.08M | 0 |
| Days Payables Outstanding | 33.44 | 33.12 | 34.83 | 32.04 | 30.35 | 31.62 | 32 | 30.7 | 36.5 | 40.47 | 63.32 | 125.77 | 136.63 | 42.9 | - |
| Short-Term Debt | 60.48M | 85.76M | 4.32B | 215.62M | 2.65B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1.41B | 468.52M | 0 | 581.73M | 621.53M | 539.97M | 511.62M | 503.46M | 441.89M | 423.48M | 286.62M | 183.55M | 101.41M | 24.51M | 0 |
| Other Current Liabilities | 1.1B | 897.09M | 612.79M | 374.55M | 289.65M | 449.91M | 501.14M | 429.57M | 1.23B | 765.54M | -93.25M | -93.33M | 1.33M | 581.78K | 88K |
| Current Ratio | 4.35x | 4.68x | 1.88x | 3.74x | 2.47x | 3.74x | 4.67x | 6.06x | 4.69x | 4.57x | 5.39x | 7.00x | 12.23x | 10.55x | 138.64x |
| Quick Ratio | 4.35x | 4.68x | 1.88x | 3.74x | 2.45x | 3.74x | 4.67x | 6.06x | 4.69x | 4.57x | 5.39x | 7.00x | 12.23x | 10.39x | 138.46x |
| Cash Conversion Cycle | -22.84 | - | - | - | -20.12 | - | -27.03 | - | - | - | -38.48 | - | - | 291.95 | - |
| Total Non-Current Liabilities | 627.59M | 615.11M | 551.76M | 2.15B | 160.7M | 5.01B | 5.87B | 6.16B | 5.25B | 27.23M | 14.04M | 11.85M | 0 | 0 | 27.2M |
| Long-Term Debt | 2.32M | 3.13M | 0 | 1.96B | 0 | 4.57B | 4.66B | 4.95B | 4.88B | 0 | 0 | 0 | 0 | 0 | 27.2M |
| Capital Lease Obligations | 186.11M | 40.01M | 115.11M | 52.17M | 33.28M | 103.11M | 136.44M | 56.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 1.59B | 532.33M | 0 | 24.99M | 22.01M | 213.38M | 171.8M | 222.58M | 259.25M | 12.18M | 208K | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 49.48M | 39.63M | 436.66M | 114.08M | 105.41M | 128.09M | 901.28M | 0 | 110.04M | 27.23M | 13.83M | 11.85M | 0 | 0 | 0 |
| Total Liabilities | 2.85B | 2.7B | 6.95B | 4.24B | 4.9B | 7.53B | 8.39B | 8.76B | 7.94B | 1.72B | 942.41M | 478.91M | 236.42M | 33.73M | 27.34M |
| Total Debt | 90.4M | 128.91M | 4.58B | 2.29B | 2.77B | 4.83B | 4.93B | 5.15B | 4.88B | 0 | 0 | 0 | 0 | 0 | 27.2M |
| Net Debt | -5.4B | -5.32B | 458.53M | -3.33B | -2.25B | -739.22M | 1.56B | 2.53B | 2.41B | -4.48B | -1.79B | -1.1B | -2.8B | -335.58M | 8.66M |
| Debt / Equity | 0.01x | 0.01x | 0.40x | 0.19x | 0.25x | 0.46x | 0.33x | 0.37x | 0.44x | - | - | - | - | - | - |
| Debt / EBITDA | 0.06x | 0.09x | 2.88x | 0.96x | 1.59x | 2.13x | 1.70x | 1.32x | 1.39x | - | - | - | - | - | - |
| Net Debt / EBITDA | -3.72x | -3.70x | 0.29x | -1.40x | -1.29x | -0.33x | 0.54x | 0.65x | 0.69x | -1.78x | -1.73x | -13.82x | - | - | - |
| Interest Coverage | 40.11x | 24.62x | 15.28x | 43.63x | 25.32x | -27.40x | 37.75x | 50.20x | 61.87x | - | - | - | - | - | -1283.16x |
| Total Equity | 10.82B | 11.09B | 11.43B | 11.99B | 10.93B | 10.59B | 14.84B | 13.91B | 11.12B | 6.79B | 4.4B | 3.04B | 2.73B | 348.22M | -6.56M |
| Equity Growth % | -6.26% | -2.98% | -4.62% | 9.66% | 3.26% | -28.65% | 6.67% | 25.12% | 63.6% | 54.32% | 44.79% | 11.31% | 684.51% | 5409.64% | - |
| Book Value per Share | 67.35 | 65.52 | 61.20 | 59.66 | 54.02 | 52.31 | 65.63 | 61.65 | 51.33 | 32.72 | 21.63 | 15.15 | 14.10 | 1.87 | -0.23 |
| Total Shareholders' Equity | 10.82B | 11.09B | 11.43B | 11.8B | 10.78B | 10.45B | 14.64B | 13.72B | 11.02B | 6.78B | 4.4B | 3.04B | 2.73B | 348.22M | -6.56M |
| Common Stock | 0 | 0 | 210K | 286K | 281K | 277K | 274K | 272K | 270K | 280.73K | 291.64K | 266.16K | 248.12K | 90.9K | 15K |
| Retained Earnings | 0 | 0 | 6.64B | 6.32B | 5.32B | 4.68B | 8.44B | 7.46B | 5.36B | 2.41B | 355.11M | -610.94M | -668.73M | -149.86M | -7.28M |
| Treasury Stock | 0 | 0 | -325.23M | -2.2B | -1.99B | -1.6B | -732.47M | -402.27M | -402.27M | -402.27M | -447.83M | -418.73M | -400.06M | 0 | 0 |
| Accumulated OCI | 0 | 0 | 1.05M | -126.08M | -140.25M | 149.37M | 183.92M | 302.69M | 313.56M | 104.16M | -112.27M | -29.38M | -6.37M | 957.52K | -38K |
| Minority Interest | 0 | 0 | 187.27M | 181.84M | 153.33M | 138.96M | 196.35M | 188.72M | 92.3M | 18.6M | 0 | 0 | 0 | 0 | 0 |
Regulatory and competitive saturation
As reported in recent financial statements, Hello Group maintains a negligible debt-to-equity ratio of 0.01 as of 2026Q1, reflecting a conservative capital structure that effectively insulates the firm from interest rate volatility while providing significant optionality for future capital allocation or defensive maneuvers during industry downturns.
The company has successfully deleveraged from a peak debt-to-equity ratio of 0.42 in 2024Q3, signaling a strategic shift toward balance sheet preservation. This minimal reliance on external financing suggests that the business model is self-funding, though it also implies that management may lack high-return internal investment opportunities to justify utilizing debt capital.
Based on the latest quarterly data, Hello Group reports a current ratio of 4.35, indicating a substantial liquidity cushion that far exceeds the requirements for short-term operational obligations and provides a significant buffer against the inherent uncertainties of the Chinese internet content and information sector.
The current ratio has improved significantly from 1.83 in 2024Q3, largely driven by the aggressive reduction of short-term liabilities. This liquidity profile appears to be a defensive posture, potentially intended to reassure stakeholders amidst the ongoing revenue contraction and regulatory pressures facing the core live-streaming business.
According to the company's balance sheet filings, cash and equivalents represent a dominant portion of the $13.7 billion total asset base, highlighting a business model that is increasingly defined by its financial holdings rather than its underlying operational assets or physical infrastructure investments.
The steady increase in goodwill to $577.6 million by 2026Q1 warrants monitoring, as it may indicate past acquisition premiums that could be subject to impairment if the Tantan segment fails to regain growth momentum. The concentration of assets in cash suggests that the firm is effectively operating as a holding company with a shrinking core social discovery engine.
While the reported $5.5 billion in cash suggests a fortress balance sheet, investors should note that these figures are subject to potential repatriation hurdles and capital controls, which may limit the actual utility of these reserves for offshore shareholders seeking dividends or share buybacks.
The discrepancy between the company's massive cash position and its depressed market valuation suggests that the market is discounting these assets due to perceived regulatory risks or limited access. This structural distortion implies that the headline balance sheet strength may overstate the tangible value available to international investors.
Quick answers to the most common questions about buying MOMO stock.
As of 2025, Hello Group Inc. (MOMO) had total assets of $13.79B including $9.74B in current assets.
Hello Group Inc. (MOMO) carries total debt of $128.9M, offset by $8.68B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Hello Group Inc. (MOMO) has total shareholders' equity (book value) of $11.09B ($65.52 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Hello Group Inc. (MOMO) reported a current ratio of 4.68x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.