Niu Technologies (NIU) quarterly balance sheet — complete assets, liabilities & equity history
Niu Technologies (NIU) balance sheet — 10-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 | Q4'21 | Q4'20 | Q3'20 | Q2'20 |
|---|
| Total Current Assets | 2.8B | 2.51B | 2.36B | 2.85B | 2.6B | 2.05B | 2.17B | 2.4B | 2.33B | 1.96B | 1.76B | 2.15B | 1.93B | 1.71B | 2.01B | 2.34B | 1.9B | 1.55B | 1.69B | 1.44B |
| Cash & Short-Term Investments | 1.48B | 1.37B | 1.12B | 1.58B | 1.23B | 747.23M | 904.37M | 1.05B | 1.14B | 977.73M | 970.13M | 1.28B | 1.02B | 859.57M | 903.28M | 1.27B | 1.08B | 1.1B | 1.3B | 1.02B |
| Cash Only | 1.11B | 1.15B | 924.74M | 1.09B | 1.09B | 540.5M | 630.02M | 743.35M | 727.1M | 900.04M | 872.57M | 761.82M | 692.44M | 441.89M | 534.29M | 669.84M | 208.37M | 227M | 158.16M | 378.13M |
| Short-Term Investments | 365.06M | 221.72M | 190.9M | 493.56M | 134.97M | 206.73M | 274.35M | 301.85M | 408.17M | 77.69M | 97.56M | 519.06M | 329.78M | 417.67M | 369M | 595.83M | 869.31M | 876.11M | 1.14B | 640.03M |
| Accounts Receivable | 25.61M | 36.96M | 291.05M | 64.52M | 139.32M | 106.78M | 131.92M | 185.53M | 130.3M | 88.09M | 237.91M | 164.15M | 229.21M | 222.33M | 311.3M | 267.16M | 269.15M | 113.4M | 38.71M | 53.94M |
| Days Sales Outstanding | 1.98 | 16.33 | 24.53 | 5.54 | 8.92 | 15.75 | 17.83 | 14.19 | 10.57 | 29.39 | 38.64 | 19.52 | 24.79 | 57.55 | 43.46 | 21.22 | 70.8 | 10.41 | 4.76 | 8.27 |
| Inventory | 724.01M | 725.52M | 652.58M | 676.02M | 718.56M | 699.91M | 649.18M | 699.31M | 603.91M | 480.79M | 392.79M | 396.99M | 382.78M | 430.16M | 417.01M | 439.71M | 269.64M | 142.17M | 143.76M | 160.75M |
| Days Inventory Outstanding | 54.51 | 83.08 | 108.14 | 48.45 | 64.33 | 107.66 | 86.49 | 67.94 | 63.21 | 97.14 | 93.7 | 49.2 | 58.04 | 116.63 | 83.01 | 36.02 | 98.43 | 26.15 | 19.8 | 27.84 |
| Other Current Assets | 576.47M | 381.21M | 239.13M | 527.31M | 520M | 500.22M | 484.33M | 470.84M | 457.69M | 417.52M | 124.09M | 305.74M | 295.87M | 198.64M | 206.1M | 192.86M | 227.32M | 174.22M | 176.87M | 176.79M |
| Total Non-Current Assets | 679.72M | 625.16M | 590.35M | 543.86M | 489.55M | 453.64M | 443.35M | 426.27M | 399.55M | 409.29M | 428.72M | 445.83M | 455.2M | 479.35M | 524.63M | 539.22M | 545.3M | 298.91M | 276.36M | 252.45M |
| Property, Plant & Equipment | 551.47M | 513.35M | 504.55M | 463.87M | 422.47M | 399.53M | 399.92M | 385.89M | 372.35M | 375.26M | 402.16M | 424.78M | 436.72M | 460.74M | 483.95M | 497.21M | 491.42M | 199.05M | 174.14M | 161.42M |
| Fixed Asset Turnover | 2.71x | 1.78x | 1.38x | 3.82x | 3.06x | 1.71x | 2.08x | 2.70x | 2.52x | 1.30x | 1.16x | 2.15x | 1.85x | 0.88x | 1.25x | 2.33x | 2.86x | 3.60x | 5.33x | 6.37x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 647.95K | 708.69K | 776.33K | 843.63K | 910.72K | 977.33K | 1.04M | 1.11M | 1.18M | 1.24M | 1.31M | 1.38M | 1.44M | 1.5M | 1.86M | 2.38M | 3.67M | 54.44M | 40.1M | 40.87M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20M | 20M | 35.94M | 0 | 0 | 0 |
| Other Non-Current Assets | 127.6M | 46.38M | 27.56M | 29.81M | 19.06M | 18.07M | 42.39M | 9.93M | 7.23M | 6.37M | 4.5M | 12.05M | 10M | 10.84M | 12.68M | 10.56M | 2.37M | 30.83M | 44.86M | 44.39M |
| Total Assets | 3.48B | 3.14B | 2.95B | 3.39B | 3.09B | 2.51B | 2.61B | 2.83B | 2.73B | 2.37B | 2.19B | 2.59B | 2.39B | 2.19B | 2.54B | 2.88B | 2.44B | 1.85B | 1.97B | 1.69B |
| Asset Turnover | 0.44x | 0.30x | 0.21x | 0.52x | 0.45x | 0.27x | 0.30x | 0.37x | 0.37x | 0.22x | 0.20x | 0.37x | 0.36x | 0.18x | 0.23x | 0.43x | 0.46x | 0.35x | 0.49x | 0.45x |
| Asset Growth % | 12.52% | 25.13% | 12.9% | 20.07% | 13.47% | 5.66% | 19.36% | 9.01% | 14.32% | 8.37% | -13.69% | -9.79% | - | - | 3.91% | - | 32.19% | - | - | - |
| Total Current Liabilities | 2.71B | 2.28B | 2B | 2.36B | 2.15B | 1.58B | 1.65B | 1.81B | 1.67B | 1.3B | 1.07B | 1.34B | 1.06B | 902.69M | 1.19B | 1.49B | 1.13B | 823.26M | 1B | 812.03M |
| Accounts Payable | 1.63B | 802.61M | 704.09M | 1.29B | 1.13B | 666.37M | 869.01M | 1.03B | 919.26M | 605.27M | 575.72M | 751.39M | 527.94M | 423.92M | 459.47M | 818.89M | 538.93M | 395.83M | 549.32M | 376.6M |
| Days Payables Outstanding | 91.39 | 90.83 | 162.17 | 84.07 | 81.55 | 122.52 | 121.56 | 101.43 | 88.84 | 131.32 | 157.44 | 80.72 | 67.95 | 121.62 | 123.87 | 68.96 | 223.42 | 86.44 | 60.21 | 57.51 |
| Short-Term Debt | 220M | 742.36M | 634.29M | 440M | 500M | 580M | 200M | 449.99M | 449.99M | 449.82M | 267.28M | 352.71M | 41.38M | 257.78M | 476.83M | 343.09M | 323.62M | 180M | 180M | 180M |
| Deferred Revenue (Current) | 0 | 305.9M | 257.75M | 271.09M | 190.57M | 116.21M | 86.14M | 118.89M | 88.24M | 96.34M | 61.06M | 64.83M | 59.34M | 68.84M | 62.47M | 73.61M | 50.02M | 61.22M | 52.42M | 59.31M |
| Other Current Liabilities | 364.04M | -1.61M | 143.31M | 0 | 0 | 0 | 85.96M | 0 | -1K | 0 | 73.98M | 0 | 233.87M | 0 | 73.05M | 0 | 61.99M | 42.14M | 0 | 0 |
| Current Ratio | 1.03x | 1.10x | 1.18x | 1.21x | 1.21x | 1.30x | 1.31x | 1.33x | 1.39x | 1.51x | 1.64x | 1.60x | 1.81x | 1.90x | 1.69x | 1.56x | 1.68x | 1.88x | 1.69x | 1.77x |
| Quick Ratio | 0.77x | 0.78x | 0.85x | 0.92x | 0.88x | 0.86x | 0.92x | 0.94x | 1.03x | 1.14x | 1.28x | 1.31x | 1.45x | 1.42x | 1.34x | 1.27x | 1.44x | 1.71x | 1.55x | 1.57x |
| Cash Conversion Cycle | -34.91 | 8.57 | -29.5 | -30.08 | -8.3 | 0.88 | -17.24 | -19.3 | -15.06 | -4.8 | -25.11 | -12 | 14.87 | 52.57 | 2.6 | -11.72 | -54.19 | -49.88 | -35.65 | -21.4 |
| Total Non-Current Liabilities | 48.52M | 42.18M | 42.27M | 42.43M | 37.59M | 35.15M | 29.94M | 30.7M | 26.42M | 24.7M | 24.78M | 31.67M | 27.54M | 29.33M | 33.84M | 37.6M | 47.58M | 30.18M | 31.92M | 25.99M |
| 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 | 2.56M | 2.67M | 3.96M | 4.75M | 5.18M | 5.17M | 89.99K | 119.33K | 70.7K | 211.51K | 280.42K | 2.99M | 4.25M | 6.35M | 7.57M | 9.64M | 13.92M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 2.5M | 3.08M | 2.06M | 3.04M | 3.07M | 3.74M | 3.27M | 5.01M | 2.86M | 4.1M | 2.36M | 3.77M | 1.93M | 2.57M | 1.4M | 1.44M | 1.99M | 1.11M | 0 | 0 |
| Other Non-Current Liabilities | 15.04M | 12.48M | 12.94M | 13.75M | 12.18M | 9.56M | 9.7M | 9.54M | 9.53M | 24.49M | 8.97M | 12.12M | 9.29M | 9.28M | 13.44M | 27.96M | 20.97M | 24.89M | 28.24M | 23.04M |
| Total Liabilities | 2.76B | 2.32B | 2.05B | 2.41B | 2.19B | 1.61B | 1.68B | 1.84B | 1.7B | 1.33B | 1.1B | 1.37B | 1.09B | 932.01M | 1.23B | 1.53B | 1.18B | 853.44M | 1.03B | 838.02M |
| Total Debt | 222.56M | 745.04M | 641.43M | 444.75M | 505.18M | 585.17M | 201.34M | 450.11M | 450.06M | 450.03M | 272.66M | 355.71M | 279.5M | 264.14M | 484.4M | 352.73M | 337.54M | 180M | 180M | 180M |
| Net Debt | -888.13M | -402.44M | -283.31M | -644.45M | -586.48M | 44.67M | -429.93M | -293.24M | -277.04M | -450M | -599.92M | -406.11M | -412.94M | -177.76M | -49.89M | -317.12M | 129.17M | -47M | 21.84M | -198.13M |
| Debt / Equity | 0.31x | 0.91x | 0.71x | 0.45x | 0.56x | 0.65x | 0.22x | 0.46x | 0.44x | 0.43x | 0.25x | 0.29x | 0.22x | 0.21x | 0.37x | 0.26x | 0.27x | 0.18x | 0.19x | 0.21x |
| Debt / EBITDA | - | - | - | 5.37x | - | - | - | - | - | - | - | - | 798.77x | - | - | - | 5.80x | 2.45x | 2.07x | 2.95x |
| Net Debt / EBITDA | - | - | - | -7.78x | - | - | - | - | - | - | - | - | -1180.13x | - | - | - | 2.22x | -0.64x | 0.25x | -3.25x |
| Interest Coverage | -68.09x | -66.63x | -52.17x | 61.15x | -3.28x | -28.12x | -50.50x | -31.21x | -14.72x | -62.16x | -175.86x | -149.94x | 23.56x | -877.15x | -26.52x | -1.58x | 45.94x | 41.52x | 46.74x | 38.69x |
| Total Equity | 718.15M | 814.66M | 904.93M | 988.72M | 903.64M | 896.98M | 931.28M | 987.68M | 1.03B | 1.05B | 1.09B | 1.22B | 1.29B | 1.26B | 1.31B | 1.34B | 1.26B | 993.37M | 935.77M | 849.84M |
| Equity Growth % | -20.53% | -9.18% | -2.83% | 0.1% | -12.12% | -14.23% | -14.84% | -19.13% | -20.52% | -16.87% | -16.52% | -9.14% | - | - | 3.6% | - | 27.3% | - | - | - |
| Book Value per Share | 8.86 | 10.08 | 11.31 | 11.94 | 10.97 | 11.26 | 11.72 | 12.57 | 12.97 | 13.26 | 13.89 | 15.54 | 16.50 | 16.15 | 16.84 | 17.09 | 15.85 | 12.43 | 11.79 | 10.95 |
| Total Shareholders' Equity | 718.15M | 814.66M | 904.93M | 988.72M | 903.64M | 896.98M | 931.28M | 987.68M | 1.03B | 1.05B | 1.09B | 1.22B | 1.29B | 1.26B | 1.31B | 1.34B | 1.26B | 993.37M | 935.77M | 849.84M |
| Common Stock | 101.81K | 101.41K | 101.3K | 101.27K | 101.1K | 101.06K | 100.86K | 100.77K | 100.61K | 100.53K | 100.35K | 100.23K | 100.12K | 99.92K | 99.74K | 99.71K | 99.35K | 98.5K | 98.17K | 97.37K |
| Retained Earnings | -1.29B | -1.18B | -1.09B | -1.01B | -1.09B | -1.09B | -1.05B | -981.79M | -940.84M | -915.92M | -861.13M | -730.96M | -651.53M | -649.63M | -589.29M | -552.16M | -539.83M | -765.65M | -823.84M | -903.85M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -18.56M | -17.14M | -17.99M | -16.57M | -13.24M | -6.13M | -3.13M | -13.39M | -6.96M | -8.99M | -9.5M | -4.04M | -1.39M | -22.58M | -16.54M | -8.72M | -51.12M | -43.02M | -24.83M | -4.66M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |