Sunlands Technology Group (STG) quarterly balance sheet — complete assets, liabilities & equity history
Sunlands Technology Group (STG) balance sheet — 11-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 | 951.7M | 1.01B | 895.84M | 893.59M | 876.12M | 911.27M | 884.31M | 905.1M | 1.13B | 1.1B | 1.03B | 996.16M | 952.08M | 945.86M | 969.1M | 1.02B | 1.13B | 1.55B | 1.69B | 1.83B |
| Cash & Short-Term Investments | 857.81M | 781.65M | 813.22M | 776.41M | 752.97M | 796.9M | 783.26M | 793.83M | 997.42M | 980.14M | 905.88M | 870.8M | 809.98M | 805.93M | 824.18M | 848.85M | 810.87M | 1.28B | 1.29B | 1.37B |
| Cash Only | 520.82M | 545.68M | 577.13M | 599.92M | 586.39M | 596.23M | 507.23M | 535.89M | 753.56M | 800.48M | 763.8M | 748.52M | 746.77M | 718.26M | 753.64M | 678.76M | 626.72M | 760.71M | 1.05B | 1.08B |
| Short-Term Investments | 337M | 235.97M | 236.09M | 176.5M | 166.58M | 200.67M | 276.03M | 257.94M | 243.86M | 179.66M | 142.08M | 122.28M | 63.21M | 87.67M | 70.54M | 170.09M | 184.16M | 517.82M | 234.42M | 288.59M |
| Accounts Receivable | 0 | 0 | 20.52M | 0 | 0 | 0 | 24.53M | 0 | 0 | 0 | 29.34M | 0 | 0 | 0 | 26.81M | 0 | 55.74M | 21.06M | 0 | 0 |
| Days Sales Outstanding | - | - | 4.01 | - | - | - | 4.67 | - | - | - | 4.98 | - | - | - | 4.26 | - | 23.8 | 3.31 | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 19.68M | 0 | 0 | 0 | 14.24M | 0 | 0 | 0 | 14.15M | 0 | 83.62M | 132.39M | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | 22.16 | - | - | - | 17.76 | - | - | - | 17.29 | - | 441.08 | 124.49 | - | - |
| Other Current Assets | 93.89M | 227.64M | 62.1M | 26.31M | 123.15M | 114.37M | 9.36M | 111.28M | 131.88M | 119.26M | 20.55M | 125.36M | 142.1M | 139.93M | 49.71M | 52.72M | 142.92M | 36.59M | 195.78M | 232.38M |
| Total Non-Current Assets | 1.02B | 989.1M | 1.15B | 1.23B | 1.27B | 1.21B | 1.24B | 1.25B | 1.06B | 1.06B | 1.09B | 1.12B | 1.14B | 1.28B | 1.31B | 1.4B | 1.47B | 1.71B | 1.79B | 1.85B |
| Property, Plant & Equipment | 622.8M | 629.06M | 761.77M | 838.32M | 852.24M | 861.06M | 868.37M | 877.15M | 900.81M | 909.94M | 922.49M | 931.51M | 939.54M | 1.08B | 1.09B | 1.18B | 1.22B | 999.97M | 1.06B | 1.1B |
| Fixed Asset Turnover | 0.65x | 0.63x | 0.59x | 0.62x | 0.63x | 0.56x | 0.55x | 0.55x | 0.54x | 0.57x | 0.58x | 0.56x | 0.52x | 0.52x | 0.51x | 0.48x | 0.53x | 0.57x | 0.50x | 0.63x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 95.03K | 131K | 250.15K | 368K | 486K | 604K | 723K | 854K | 1.01M | 751K | 975K | 1.43M | 1.78M | 1.18M | 1.51M | 1.83M | 2.76M | 1.21M | 1.36M | 1.53M |
| Long-Term Investments | 339.3M | 319.17M | 318.99M | 332.64M | 346.49M | 256.82M | 260.08M | 48.94M | 49.18M | 56.54M | 61.35M | 63.99M | 66.42M | 62.56M | 73.51M | 62.73M | 54.84M | 64.09M | 63.1M | 65.1M |
| Other Non-Current Assets | 38.82M | 27.01M | 52.55M | 59.99M | 51.97M | 64.95M | 82.98M | 298.52M | 93.77M | 34.34M | 1.01M | 103.2M | 108.13M | 111.76M | 116.72M | 127.63M | 149.18M | 628.35M | 642.99M | 641.34M |
| Total Assets | 1.97B | 2B | 2.05B | 2.12B | 2.15B | 2.12B | 2.12B | 2.15B | 2.19B | 2.16B | 2.12B | 2.12B | 2.09B | 2.23B | 2.28B | 2.41B | 2.59B | 3.26B | 3.48B | 3.68B |
| Asset Turnover | 0.20x | 0.22x | 0.23x | 0.24x | 0.25x | 0.23x | 0.23x | 0.23x | 0.23x | 0.24x | 0.26x | 0.25x | 0.24x | 0.25x | 0.25x | 0.23x | 0.20x | 0.17x | 0.15x | 0.18x |
| Asset Growth % | -8.42% | -5.72% | -3.42% | -1.35% | -1.72% | -1.98% | 0.13% | 1.78% | 4.82% | -2.84% | -6.92% | -12.36% | - | - | -12.21% | - | -20.49% | - | - | - |
| Total Current Liabilities | 593.06M | 674.77M | 759.93M | 829.9M | 860.82M | 927.07M | 801.38M | 827.66M | 897.47M | 945.41M | 1.01B | 1.07B | 1.13B | 1.27B | 1.48B | 1.65B | 1.91B | 2.2B | 2.24B | 2.23B |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 9.35M | 0 | 9.11M | 0 | 20M | 20M | 6.15M | 38.65M | 38.65M | 38.65M | 38.65M | 38.65M | 38.65M | 38.65M | 38.65M | 38.65M | 38.65M | 32.5M | 32.5M | 32.5M |
| Deferred Revenue (Current) | 266.54M | 321.04M | 384.58M | 453.89M | 459.35M | 504.3M | 410.87M | 359.9M | 426.03M | 480.71M | 584.5M | 646.23M | 716.65M | 811.74M | 986.09M | 1.05B | 1.27B | 1.48B | 1.5B | 1.5B |
| Other Current Liabilities | 317.18M | 4.48M | 366.24M | 453.89M | 0 | 0 | 112.34M | 0 | 0 | 0 | 143.74M | 0 | 0 | 0 | 133.07M | 0 | 243.24M | 61.34M | 0 | 0 |
| Current Ratio | 1.60x | 1.50x | 1.18x | 1.08x | 1.02x | 0.98x | 1.10x | 1.09x | 1.26x | 1.16x | 1.02x | 0.93x | 0.84x | 0.74x | 0.66x | 0.62x | 0.59x | 0.71x | 0.76x | 0.82x |
| Quick Ratio | 1.60x | 1.50x | 1.18x | 1.08x | 1.02x | 0.98x | 1.08x | 1.09x | 1.26x | 1.16x | 1.01x | 0.93x | 0.84x | 0.74x | 0.65x | 0.62x | 0.55x | 0.65x | 0.76x | 0.82x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 307.13M | 317.84M | 343.92M | 379.71M | 500.86M | 532.39M | 719.92M | 781.79M | 809.29M | 819.91M | 832.78M | 911.04M | 959.06M | 1.16B | 1.18B | 1.31B | 1.7B | 2.28B | 2.36B | 2.39B |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 35.39M | 75.67M | 85.34M | 95M | 104.67M | 114.33M | 123.99M | 133.66M | 460.16M | 152.98M | 586.11M | 160.63M | 168.75M | 176.88M |
| Capital Lease Obligations | 123.8M | 121.84M | 129.65M | 127.44M | 134.13M | 132.1M | 137.04M | 134.81M | 152.94M | 150.58M | 157.27M | 154.83M | 161.22M | 308.49M | 316.84M | 392.03M | 404.13M | 532.54M | 571.16M | 605.21M |
| Deferred Tax Liabilities | 9.6M | 10.32M | 5.79M | 0 | 4.51M | 5.61M | 5.72M | 2.68M | 2.84M | 0 | 3.74M | 0 | 4.55M | 0 | 5.98M | 0 | 21.78M | 15.22M | 0 | 0 |
| Other Non-Current Liabilities | 6.65M | 6.17M | 7.4M | 252.28M | 7.29M | 7.36M | 7.31M | 7.94M | 7.26M | 574.33M | 570.85M | 641.88M | 6.87M | 714.1M | -310.07M | 762.73M | -392.44M | 7.66M | 1.62B | 1.61B |
| Total Liabilities | 900.19M | 992.61M | 1.1B | 1.21B | 1.36B | 1.46B | 1.52B | 1.61B | 1.71B | 1.77B | 1.84B | 1.98B | 2.09B | 2.43B | 2.66B | 2.96B | 3.61B | 4.47B | 4.6B | 4.62B |
| Total Debt | 133.16M | 131M | 138.76M | 136.97M | 163.22M | 160.92M | 186.9M | 257.49M | 285.61M | 292.82M | 308.61M | 315.48M | 331.25M | 509.83M | 515.88M | 612.45M | 639.07M | 756.37M | 806.42M | 852.48M |
| Net Debt | -387.66M | -414.68M | -438.37M | -462.95M | -423.17M | -435.31M | -320.33M | -278.39M | -467.95M | -507.65M | -455.19M | -433.04M | -415.51M | -208.43M | -237.76M | -66.31M | 12.36M | -4.34M | -248.22M | -226.93M |
| Debt / Equity | 0.12x | 0.13x | 0.15x | 0.15x | 0.21x | 0.24x | 0.31x | 0.47x | 0.59x | 0.74x | 1.12x | 2.38x | - | - | - | - | - | - | - | - |
| Debt / EBITDA | 1.51x | 1.23x | 1.04x | 0.89x | 1.16x | 1.97x | 3.23x | 3.50x | 3.39x | 2.60x | 2.44x | 2.36x | 1.98x | 2.69x | 2.88x | 3.48x | 5.89x | - | - | - |
| Net Debt / EBITDA | -4.40x | -3.89x | -3.29x | -3.02x | -3.01x | -5.34x | -5.54x | -3.79x | -5.55x | -4.51x | -3.59x | -3.24x | -2.48x | -1.10x | -1.33x | -0.38x | 0.11x | - | - | - |
| Interest Coverage | - | - | 866.36x | 1343.58x | 515.48x | 211.71x | 90.64x | 58.99x | 59.37x | 65.42x | 112.05x | 73.62x | 83.97x | 91.03x | 77.95x | 70.57x | 47.52x | -26.25x | -57.21x | -41.91x |
| Total Equity | 1.07B | 1.01B | 944.67M | 915.29M | 789.38M | 660.09M | 599.86M | 544.51M | 482.01M | 397.15M | 275.55M | 132.64M | -568K | -202.59M | -379.85M | -543.33M | -1.01B | -1.21B | -1.11B | -938.74M |
| Equity Growth % | 35.51% | 52.37% | 57.48% | 68.09% | 63.77% | 66.21% | 117.7% | 310.53% | 84961.8% | 296.03% | 172.54% | 124.41% | - | - | 62.54% | - | 16.33% | - | - | - |
| Book Value per Share | 80.63 | 75.10 | 70.45 | 68.02 | 58.44 | 48.83 | 43.95 | 39.73 | 35.17 | 28.96 | 20.05 | 9.64 | -0.04 | -14.62 | -27.37 | -38.91 | -75.43 | -90.06 | -82.63 | -69.54 |
| Total Shareholders' Equity | 1.07B | 1.01B | 946.16M | 916.78M | 790.86M | 661.58M | 601.35M | 546M | 483.5M | 398.63M | 277.04M | 138.52M | 5.32M | -196.71M | -374.49M | -537.67M | -1.01B | -1.21B | -1.11B | -938.52M |
| Common Stock | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K |
| Retained Earnings | -1.33B | -1.41B | -1.49B | -1.5B | -1.64B | -1.77B | -1.84B | -1.89B | -1.98B | -2.06B | -2.17B | -2.33B | -2.46B | -2.63B | -2.81B | -2.99B | -3.46B | -3.68B | -3.6B | -3.44B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 122.92M | 128.88M | 144.1M | 129.66M | 135.82M | 132.39M | 147.25M | 136M | 156.53M | 152.81M | 143.28M | 158.52M | 155.16M | 125.56M | 127.89M | 143.82M | 82.53M | 96.49M | 123.5M | 159.28M |
| Minority Interest | -1.49M | -1.49M | -1.49M | -1.49M | -1.49M | -1.49M | -1.49M | -1.49M | -1.49M | -1.49M | -1.49M | -5.88M | -5.88M | -5.88M | -5.36M | -5.65M | -4.93M | -658K | -299K | -219K |