Sea Limited (SE) quarterly balance sheet — complete assets, liabilities & equity history
Sea Limited (SE) balance sheet — 12-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 | 24.05B | 23.94B | 23.25B | 21.08B | 19.74B | 17.78B | 16.86B | 15.55B | 12.88B | 12.38B | 11.77B | 11.97B | 11.48B | 12.44B | 12.69B | 12.58B | 12.97B | 13.83B | 15.14B | 16B |
| Cash & Short-Term Investments | 9.1B | 12.76B | 12.79B | 9.9B | 9.41B | 8.43B | 8.62B | 7.91B | 6.03B | 5.4B | 5.36B | 5.98B | 5.7B | 6.59B | 6.89B | 7.3B | 7.78B | 8.8B | 10.16B | 11.83B |
| Cash Only | 3.53B | 6.26B | 6.38B | 3.07B | 2.17B | 2.18B | 2.41B | 2.54B | 2.65B | 2.46B | 2.81B | 3.22B | 3.52B | 6.08B | 6.03B | 6.25B | 6.49B | 7.68B | 9.25B | 11.13B |
| Short-Term Investments | 5.57B | 6.51B | 6.41B | 6.83B | 7.24B | 6.24B | 6.22B | 5.37B | 3.39B | 2.94B | 2.55B | 2.76B | 2.17B | 506.38M | 864.26M | 1.04B | 1.29B | 1.12B | 911.28M | 706.01M |
| Accounts Receivable | 9.8B | 8.87B | 8.26B | 7.18B | 6.27B | 5.51B | 6B | 4.23B | 3.46B | 3.28B | 4.38B | 2.31B | 2.2B | 2.25B | 3.29B | 2.39B | 2.3B | 2.12B | 2.62B | 1.43B |
| Days Sales Outstanding | 109.05 | 108.58 | 103.62 | 103.31 | 101.87 | 106.93 | 95.01 | 81.75 | 80.61 | 93.32 | 85.11 | 62.7 | 65.34 | 81.87 | 75.6 | 68.24 | 68.34 | 73.65 | 57.88 | 44.36 |
| Inventory | 273.3M | 229.33M | 222.58M | 209.28M | 169.3M | 172.7M | 143.25M | 200.71M | 157.52M | 142.28M | 125.39M | 116.32M | 98.49M | 107.31M | 109.67M | 122.39M | 127.18M | 139.69M | 117.5M | 128.69M |
| Days Inventory Outstanding | 5.4 | 5.15 | 5.16 | 5.14 | 5.46 | 5.46 | 5.76 | 6.68 | 6.14 | 5.59 | 5.32 | 5.29 | 5.69 | 6.01 | 6.08 | 5.95 | 6.55 | 6.69 | 5.92 | 6.25 |
| Other Current Assets | 2.41B | 2.08B | 1.98B | 3.8B | 3.89B | 3.67B | 1.96B | 3.21B | 3.23B | 3.56B | 1.78B | 3.56B | 3.48B | 3.5B | 2.26B | 1.34B | 1.32B | 1.39B | 2.1B | 1.37B |
| Total Non-Current Assets | 7.96B | 6.65B | 6.12B | 5.67B | 5.7B | 6.06B | 5.77B | 6.14B | 6.69B | 6.71B | 7.11B | 6.05B | 6.18B | 4.8B | 4.31B | 4.7B | 4.5B | 4.5B | 3.62B | 2.55B |
| Property, Plant & Equipment | 3.42B | 2.84B | 2.73B | 2.52B | 2.37B | 2.25B | 2.15B | 2.33B | 2.19B | 2.06B | 2.25B | 2.24B | 2.31B | 2.37B | 2.35B | 2.46B | 2.21B | 2.1B | 1.68B | 1.35B |
| Fixed Asset Turnover | 2.49x | 2.55x | 2.61x | 2.45x | 2.28x | 2.20x | 2.21x | 1.92x | 1.79x | 1.73x | 1.61x | 1.45x | 1.32x | 1.29x | 1.44x | 1.35x | 1.36x | 1.53x | 2.12x | 2.46x |
| Goodwill | 99.01M | 102.58M | 104.46M | 104.77M | 107.63M | 106.03M | 107.63M | 113.77M | 106.37M | 110.05M | 112.78M | 111.95M | 115.02M | 115.91M | 230.21M | 407.99M | 396.8M | 562.7M | 539.62M | 476.66M |
| Intangible Assets | 6.97M | 9.26M | 12.21M | 15.75M | 15.31M | 20.61M | 27.31M | 30.84M | 35.69M | 42.88M | 50.82M | 61.45M | 61.33M | 66.37M | 65.02M | 74.11M | 65.52M | 61.27M | 52.52M | 48.72M |
| Long-Term Investments | 2.76B | 2.83B | 2.49B | 1.83B | 2.12B | 2.83B | 2.69B | 2.97B | 3.77B | 4.02B | 4.26B | 3.16B | 3.18B | 1.79B | 1.25B | 1.35B | 1.36B | 1.42B | 1.05B | 334.13M |
| Other Non-Current Assets | 1.67B | 267.71M | 185.64M | 595.41M | 482.11M | 346.95M | 268.69M | 209.22M | 187.12M | 147.24M | 106.18M | 160.22M | 183.4M | 176.91M | 175M | 312.58M | 345.81M | 251.35M | 192.23M | 221.24M |
| Total Assets | 32.01B | 30.59B | 29.37B | 26.75B | 25.44B | 23.84B | 22.63B | 21.69B | 19.57B | 19.1B | 18.88B | 18.03B | 17.65B | 17.24B | 17B | 17.28B | 17.47B | 18.33B | 18.76B | 18.55B |
| Asset Turnover | 0.25x | 0.24x | 0.24x | 0.23x | 0.21x | 0.21x | 0.22x | 0.21x | 0.20x | 0.20x | 0.20x | 0.19x | 0.18x | 0.18x | 0.20x | 0.18x | 0.16x | 0.16x | 0.17x | 0.18x |
| Asset Growth % | 25.82% | 28.3% | 29.81% | 23.33% | 30% | 24.87% | 19.82% | 20.34% | 10.86% | 10.73% | 11.06% | 4.3% | 1.06% | -5.95% | -9.35% | -6.83% | 51.59% | 67.86% | 79.39% | 166.48% |
| Total Current Liabilities | 16.09B | 15.17B | 14.68B | 14.69B | 12.73B | 11.8B | 11.3B | 9.59B | 8.62B | 8.49B | 8.17B | 7.03B | 6.58B | 6.66B | 6.94B | 7.05B | 6.74B | 6.85B | 7.18B | 6.42B |
| Accounts Payable | 469.56M | 539.14M | 467.81M | 480.39M | 359.09M | 320.95M | 350.02M | 274.77M | 293.69M | 280M | 342.55M | 267.85M | 219.05M | 212.29M | 258.65M | 289.81M | 238.96M | 287.09M | 213.58M | 232.71M |
| Days Payables Outstanding | 10.83 | 11.47 | 11.32 | 11.4 | 10.86 | 11.59 | 10.47 | 10.6 | 11.75 | 12.99 | 13.42 | 11.98 | 11.93 | 13.05 | 14.38 | 12.61 | 12.92 | 13.03 | 10.74 | 11.29 |
| Short-Term Debt | 1.31B | 1.65B | 1.7B | 2.56B | 1.36B | 1.27B | 1.28B | 294.74M | 221.84M | 256.9M | 298.43M | 91.56M | 102M | 133.77M | 119.65M | 80.21M | 0 | 0 | 100M | 0 |
| Deferred Revenue (Current) | 0 | 5.27B | 5.06B | 1.98B | 1.77B | 1.63B | 1.41B | 1.48B | 1.3B | 1.2B | 1.21B | 1.19B | 1.25B | 1.37B | 1.54B | 2.01B | 2.18B | 2.51B | 2.64B | 2.98B |
| Other Current Liabilities | 10.15B | 7.42B | 7.23B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.02M | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 1.49x | 1.58x | 1.58x | 1.44x | 1.55x | 1.51x | 1.49x | 1.62x | 1.49x | 1.46x | 1.44x | 1.70x | 1.75x | 1.87x | 1.83x | 1.78x | 1.92x | 2.02x | 2.11x | 2.49x |
| Quick Ratio | 1.48x | 1.56x | 1.57x | 1.42x | 1.54x | 1.49x | 1.48x | 1.60x | 1.48x | 1.44x | 1.43x | 1.69x | 1.73x | 1.85x | 1.81x | 1.77x | 1.91x | 2.00x | 2.09x | 2.47x |
| Cash Conversion Cycle | 103.62 | 102.26 | 97.46 | 97.05 | 96.47 | 100.8 | 90.3 | 77.83 | 75.01 | 85.91 | 77 | 56 | 59.1 | 74.84 | 67.31 | 61.58 | 61.97 | 67.31 | 53.07 | 39.32 |
| Total Non-Current Liabilities | 2.86B | 2.44B | 2.04B | 1.76B | 2.93B | 2.97B | 2.85B | 4.07B | 3.99B | 3.84B | 4.02B | 4.42B | 4.46B | 4.39B | 4.26B | 5.27B | 5.29B | 5.19B | 4.16B | 4.32B |
| Long-Term Debt | 908.15M | 702.84M | 510.4M | 294.63M | 1.54B | 1.66B | 1.73B | 2.9B | 2.86B | 2.9B | 3.07B | 3.44B | 3.39B | 3.34B | 3.34B | 4.15B | 4.18B | 4.18B | 3.48B | 3.5B |
| Capital Lease Obligations | 1.46B | 1.23B | 1.12B | 1.05B | 967.78M | 907.74M | 812.51M | 895.71M | 862.88M | 731.95M | 800.34M | 794.65M | 786.96M | 771.53M | 768.66M | 861.66M | 735.81M | 725.29M | 498.33M | 450.31M |
| Deferred Tax Liabilities | 222.52M | 195.83M | 175.21M | 30.55M | 19.4M | 1.17M | 408K | 268K | 358K | 307K | 133K | 502K | 603K | 9.29M | 9.97M | 8.92M | 7.27M | 7.29M | 6.99M | 4.84M |
| Other Non-Current Liabilities | 74.94M | 72.44M | 108.3M | 224.54M | 222.74M | 209.61M | 200.67M | 181.98M | 143.82M | 87.36M | 74.54M | 80.29M | 82.61M | 85.14M | 75.33M | 94.86M | 91.71M | 90.13M | 69.32M | 66.21M |
| Total Liabilities | 18.96B | 17.61B | 16.72B | 16.45B | 15.66B | 14.77B | 14.15B | 13.66B | 12.6B | 12.33B | 12.19B | 11.45B | 11.03B | 11.05B | 11.19B | 12.33B | 12.03B | 12.04B | 11.33B | 10.74B |
| Total Debt | 4.13B | 3.58B | 3.33B | 4.24B | 4.19B | 4.15B | 4.12B | 4.4B | 4.24B | 4.16B | 4.46B | 4.61B | 4.56B | 4.52B | 4.49B | 5.36B | 5.15B | 5.13B | 4.25B | 4.12B |
| Net Debt | 597.18M | -2.67B | -3.05B | 1.18B | 2.03B | 1.97B | 1.72B | 1.86B | 1.6B | 1.7B | 1.65B | 1.39B | 1.04B | -1.56B | -1.54B | -893.65M | -1.34B | -2.55B | -4.99B | -7.01B |
| Debt / Equity | 0.32x | 0.28x | 0.26x | 0.41x | 0.43x | 0.46x | 0.49x | 0.55x | 0.61x | 0.61x | 0.67x | 0.70x | 0.69x | 0.73x | 0.77x | 1.08x | 0.95x | 0.82x | 0.57x | 0.53x |
| Debt / EBITDA | 5.57x | 5.37x | 5.22x | 7.47x | 8.55x | 7.61x | 10.26x | 14.09x | 22.91x | 23.99x | 99.25x | - | 11.29x | 18.41x | 9.79x | - | - | - | - | - |
| Net Debt / EBITDA | 0.81x | -4.00x | -4.78x | 2.07x | 4.13x | 3.60x | 4.28x | 5.97x | 8.62x | 9.80x | 36.73x | - | 2.57x | -6.38x | -3.37x | - | - | - | - | - |
| Interest Coverage | 473.58x | 398.94x | 94.18x | 61.54x | 63.21x | 61.32x | 36.48x | 26.23x | 15.54x | 6.75x | -2.40x | -7.08x | 39.08x | 23.35x | 47.72x | -42.80x | -57.91x | -41.96x | -8.76x | -11.68x |
| Total Equity | 13.05B | 12.98B | 12.65B | 10.3B | 9.78B | 9.07B | 8.48B | 8.03B | 6.97B | 6.77B | 6.7B | 6.58B | 6.62B | 6.19B | 5.81B | 4.96B | 5.43B | 6.29B | 7.42B | 7.81B |
| Equity Growth % | 33.38% | 43.06% | 49.2% | 28.34% | 40.45% | 34.06% | 26.58% | 22.05% | 5.23% | 9.32% | 15.26% | 32.73% | 21.81% | -1.59% | -21.73% | -36.55% | 51.01% | 82.87% | 117.07% | 910.77% |
| Book Value per Share | 19.94 | 20.41 | 19.78 | 16.21 | 16.53 | 14.30 | 13.89 | 13.98 | 12.13 | 11.86 | 11.76 | 11.65 | 11.06 | 10.34 | 9.50 | 8.87 | 9.75 | 11.31 | 13.41 | 14.50 |
| Total Shareholders' Equity | 12.91B | 12.85B | 12.53B | 10.2B | 9.68B | 8.96B | 8.37B | 7.92B | 6.87B | 6.67B | 6.59B | 6.47B | 6.51B | 6.09B | 5.72B | 4.9B | 5.37B | 6.26B | 7.4B | 7.79B |
| Common Stock | 307K | 306K | 306K | 298K | 297K | 296K | 295K | 289K | 287K | 286K | 285K | 284K | 283K | 282K | 281K | 279K | 279K | 278K | 278K | 276K |
| Retained Earnings | -5.71B | -6.16B | -6.58B | -6.97B | -7.35B | -7.75B | -8.16B | -8.38B | -8.54B | -8.62B | -8.6B | -8.49B | -8.34B | -8.66B | -8.75B | -9.17B | -8.6B | -7.67B | -7.2B | -6.58B |
| Treasury Stock | -510.78M | -149.33M | -14.53M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -198.66M | -85.17M | 12.73M | -45.14M | -18.43M | -170.68M | -193.15M | 25.09M | -232M | -176.33M | -91.02M | -200.88M | -127.09M | -10.67M | -98.72M | -260.78M | -153.72M | -27.22M | -22.38M | -34.5M |
| Minority Interest | 138.33M | 128.21M | 121.83M | 108.09M | 107.06M | 110.92M | 105.24M | 112.17M | 99M | 101.82M | 103.75M | 110.72M | 108.71M | 98.37M | 95.12M | 58.92M | 61.56M | 30.18M | 25.71M | 23.27M |