The company maintains a conservative capital structure with a debt-to-equity ratio of 0.09 as of 2025Q2, supported by a robust cash position of $709.2 million.
| Total Current Assets | 2.53B | 1.96B | 2.17B | 2.28B | 2.49B | 2.95B | 2.93B | 2.91B | 1.9B | 665.43M | 276.17M |
| Cash & Short-Term Investments | 1.19B | 1.15B | 1.21B | 957.92M | 1.11B | 1.47B | 1.21B | 1.35B | 1.11B | 279.95M | 156.93M |
| Cash Only | 709.22M | 806.6M | 1.03B | 491.71M | 737.14M | 586.96M | 504.11M | 972.44M | 940.3M | 279.95M | 156.93M |
| Short-Term Investments | 484.78M | 340.55M | 187.51M | 466.21M | 368.6M | 878.87M | 706.05M | 376.2M | 168.99M | 0 | 0 |
| Accounts Receivable | 817.27M | 365.14M | 615.33M | 551.25M | 627.17M | 623.27M | 1.04B | 1.02B | 372.7M | 253.9M | 45.02M |
| Days Sales Outstanding | 99.47 | 56.42 | 105.99 | 80.7 | 127.87 | 42.89 | 64.94 | 80.43 | 53.11 | 106.13 | 52.57 |
| Inventory | 114.38M | 126.96M | 112.33M | 442.22M | 502.29M | 576.35M | 439.38M | 418.01M | 231.97M | 50.69M | 24.2M |
| Days Inventory Outstanding | 49.16 | 26.27 | 26.11 | 83.9 | 153.32 | 51.24 | 33.81 | 42.8 | 45.93 | 30.94 | 37.98 |
| Other Current Assets | 408.54M | 322.46M | 152.53M | 144.64M | 76.07M | 124.2M | 158.64M | 54.51M | 141.87M | 80.89M | 50.02M |
| Total Non-Current Assets | 407.41M | 430.76M | 420.46M | 471.69M | 390.72M | 330.94M | 247.62M | 114.86M | 20.34M | 6.13M | 5.78M |
| Property, Plant & Equipment | 317.47M | 307.27M | 318.69M | 347.96M | 251.08M | 164.42M | 92.97M | 87.06M | 11.3M | 3.09M | 3.53M |
| Fixed Asset Turnover | 7.73x | 7.69x | 6.65x | 7.17x | 7.13x | 32.26x | 62.66x | 53.39x | 226.64x | 282.96x | 88.50x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 64.08M | 62.89M | 66.43M | 70.08M | 74.12M | 73.9M | 70.66M | 4.36M | 169K | 0 | 0 |
| Long-Term Investments | 70.56M | 12.96M | 7.59M | 23.84M | 30M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 7.06M | 39.22M | 27.75M | 18.82M | 22.86M | 57.32M | 69.8M | 11.17M | 3.64M | 0 | 0 |
| Total Assets | 2.94B | 2.39B | 2.59B | 2.75B | 2.89B | 3.28B | 3.18B | 3.02B | 1.92B | 671.57M | 281.94M |
| Asset Turnover | 0.88x | 0.99x | 0.82x | 0.91x | 0.62x | 1.62x | 1.83x | 1.54x | 1.33x | 1.30x | 1.11x |
| Asset Growth % | 13.2% | -7.47% | -6.12% | -4.55% | -11.93% | 3.06% | 5.2% | 57.17% | 186.36% | 138.19% | - |
| Total Current Liabilities | 1.3B | 753.96M | 1.04B | 1.27B | 1.33B | 1.59B | 1.63B | 1.63B | 851.68M | 432.38M | 136.89M |
| Accounts Payable | 983.26M | 518.21M | 772.15M | 666.33M | 844.06M | 1.07B | 1B | 1.04B | 548.48M | 292.87M | 73.05M |
| Days Payables Outstanding | 163.1 | 107.24 | 179.48 | 126.42 | 257.65 | 95.04 | 77.07 | 106.8 | 108.6 | 178.75 | 114.66 |
| Short-Term Debt | 67.4M | 66.41M | 79.3M | 128.03M | 20.21M | 1.77M | 0 | 95.87M | 0 | 0 | 32.25M |
| Deferred Revenue (Current) | 12.8M | 10.16M | 0 | 131.34M | 118.37M | 100.1M | 112.61M | 103.15M | 86.31M | 27.02M | 7.7M |
| Other Current Liabilities | 33.53M | -613.61K | 22.11M | 712.96M | 46.09M | 44.75M | 0 | 0 | 0 | 73.36M | 15.66M |
| Current Ratio | 1.96x | 2.60x | 2.07x | 1.80x | 1.88x | 1.85x | 1.79x | 1.78x | 2.23x | 1.54x | 2.02x |
| Quick Ratio | 1.87x | 2.43x | 1.97x | 1.45x | 1.50x | 1.49x | 1.53x | 1.52x | 1.96x | 1.42x | 1.84x |
| Cash Conversion Cycle | -14.47 | -24.54 | -47.38 | 38.18 | 23.54 | -0.91 | 21.69 | 16.43 | -9.55 | -41.68 | -24.11 |
| Total Non-Current Liabilities | 79.5M | 105.27M | 92.22M | 144.18M | 129.59M | 31.26M | 15.09M | 15.19M | 518K | 460K | 0 |
| Long-Term Debt | 64.15M | 51.7M | 75.94M | 128.7M | 114.55M | 16.11M | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 7.13M | 421.26K | 1.78M | 2.71M | 6.79M | 7.6M | 11.69M | 13.39M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 14.39M | 53.15M | 14.49M | 12.77M | 8.24M | 7.56M | 3.4M | 1.79M | 518K | 460K | 0 |
| Total Liabilities | 1.38B | 859.23M | 1.14B | 1.41B | 1.46B | 1.63B | 1.65B | 1.65B | 852.2M | 432.85M | 136.89M |
| Total Debt | 134.33M | 118.53M | 159.06M | 261.85M | 148.79M | 35.01M | 21.17M | 116.25M | 5.76M | 32.23M | 32.25M |
| Net Debt | -574.89M | -853.11M | -867.12M | -229.86M | -588.35M | -551.94M | -482.93M | -856.19M | -934.53M | -247.72M | -124.68M |
| Debt / Equity | 0.09x | 0.08x | 0.11x | 0.19x | 0.10x | 0.02x | 0.01x | 0.08x | 0.01x | 0.14x | 0.22x |
| Debt / EBITDA | 0.88x | 0.95x | 0.72x | - | 1.57x | 0.26x | 0.09x | 0.35x | 0.07x | 0.30x | 2.08x |
| Net Debt / EBITDA | -3.77x | -6.87x | -3.92x | - | -6.21x | -4.03x | -2.03x | -2.56x | -11.32x | -2.31x | -8.03x |
| Interest Coverage | - | - | - | - | - | - | - | - | 269.50x | 85.94x | 10.41x |
| Total Equity | 1.57B | 1.53B | 1.45B | 1.34B | 1.43B | 1.65B | 1.53B | 1.37B | 1.07B | 238.72M | 145.06M |
| Equity Growth % | 28.88% | 5.76% | 7.9% | -5.98% | -13.43% | 7.88% | 11.34% | 28.35% | 348.59% | 64.57% | - |
| Book Value per Share | 22.82 | 21.81 | 21.04 | 19.53 | 20.63 | 22.44 | 21.29 | 19.10 | 40.36 | 27.64 | 20.19 |
| Total Shareholders' Equity | 1.56B | 1.53B | 1.44B | 1.35B | 1.43B | 1.65B | 1.53B | 1.37B | 1.07B | 238.72M | 145.06M |
| Common Stock | 12K | 12.01K | 12K | 12K | 12K | 12K | 12K | 12K | 12K | 256.88M | 272.72M |
| Retained Earnings | 266.61M | 226.46M | 153.13M | 89.71M | 174.38M | 449.9M | 363.05M | 195.6M | -95.53M | -160.88M | -247.88M |
| Treasury Stock | -85.43M | -103.15M | -85.43M | -81.14M | -74.7M | -66.67M | -54.6M | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.6M | -11.09M | 2.28M | -14.33M | -24.34M | -73.12M | -59.38M | -19.14M | -29.79M | -18M | -37.11M |
| Minority Interest | 5.45M | 5.6M | 5.32M | -4.25M | -3.59M | 3.52M | 3.24M | 5.65M | 2.99M | 0 | 0 |
Xiaomi ecosystem dependency concentration
According to recent financial statements, Viomi's total assets have stabilized at approximately $2.9 billion as of 2025Q2, marking a recovery from the anomalous $414.5 million reported in 2022Q3 and suggesting a return to a more normalized operational scale within the competitive Chinese smart home appliance market.
The stabilization of the asset base appears to reflect a consolidation of the company's market position following a period of significant balance sheet contraction. Investors should monitor whether this asset level is sufficient to support future growth initiatives or if it merely represents a plateau in the company's expansion efforts.
Based on reported figures, Viomi maintains a conservative capital structure with a debt-to-equity ratio of 0.09 as of 2025Q2, reflecting a significant reduction in leverage from the 0.19 level observed in 2023Q4, which suggests a strategic shift toward minimizing interest-bearing obligations in a volatile environment.
The low debt-to-equity ratio indicates that the company is not currently reliant on external financing to fund its operations, which may provide a buffer against rising interest rates. However, this lack of leverage may also imply that management is hesitant to utilize debt to accelerate growth, potentially limiting the company's ability to capture market share aggressively.
As reported in recent filings, Viomi holds $709.2 million in cash as of 2025Q2, maintaining a current ratio of 1.96, which indicates a strong liquidity position that provides a substantial buffer against short-term operational shocks or potential disruptions within the Xiaomi-dependent supply chain.
The high cash balance relative to total liabilities suggests that the company is well-positioned to meet its short-term obligations without needing to liquidate assets. While this liquidity is a strength, analysts should investigate whether this capital is being deployed efficiently or if it is simply accumulating without generating meaningful returns for shareholders.
Analysis of the balance sheet reveals that goodwill and intangible assets of $64.1 million, while seemingly modest, warrant further investigation as they may mask potential impairment risks if the company's smart home ecosystem fails to maintain its competitive edge against larger, more diversified appliance incumbents.
The presence of goodwill on the balance sheet suggests that past acquisitions or strategic investments may not be performing as originally anticipated. Investors should remain cautious, as any downward revision in the valuation of these intangibles could negatively impact the company's reported equity and overall financial health.
Quick answers to the most common questions about buying VIOT stock.
As of 2025, Viomi Technology Co., Ltd (VIOT) had total assets of $2.39B including $1.96B in current assets.
Viomi Technology Co., Ltd (VIOT) carries total debt of $118.5M, offset by $1.15B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Viomi Technology Co., Ltd (VIOT) has total shareholders' equity (book value) of $1.53B ($21.81 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Viomi Technology Co., Ltd (VIOT) reported a current ratio of 2.60x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.