VNET Group, Inc. (VNET) quarterly balance sheet — complete assets, liabilities & equity history
VNET Group, Inc. (VNET) balance sheet — 17-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 | 12.77B | 14.49B | 11.45B | 10.96B | 10.18B | 11.14B | 6.82B | 6.94B | 7.04B | 6.84B | 9.81B | 7.93B | 7.53B | 8.07B | 6.95B | 7.65B | 7.45B | 7.43B | 5.32B | 7.44B |
| Cash & Short-Term Investments | 7.2B | 8.49B | 5.9B | 4.75B | 4.16B | 3.97B | 1.49B | 1.54B | 1.88B | 1.78B | 5.45B | 3.02B | 2.75B | 3.24B | 2.95B | 3.78B | 3.61B | 3.36B | 1.7B | 3.81B |
| Cash Only | 7.2B | 7.77B | 5.52B | 3.5B | 2.92B | 3.95B | 1.49B | 1.52B | 1.8B | 1.78B | 5.09B | 3.02B | 2.61B | 3.24B | 2.95B | 3.78B | 3.61B | 3.36B | 1.7B | 3.8B |
| Short-Term Investments | 0 | 718.21M | 379.2M | 1.25B | 1.24B | 21.49M | 0 | 15.88M | 87.87M | 0 | 356.41M | 0 | 144.09M | 0 | 0 | 0 | 0 | 0 | 0 | 12.95M |
| Accounts Receivable | 3.15B | 3.11B | 3.83B | 2.57B | 2.62B | 2.41B | 3.36B | 2.18B | 2.15B | 2.27B | 2.91B | 2.35B | 2.25B | 2.25B | 2.88B | 1.87B | 1.92B | 1.78B | 2.56B | 1.6B |
| Days Sales Outstanding | 102.79 | 116.09 | 111.17 | 93.01 | 94 | 115.52 | 113.34 | 95.97 | 100.73 | 123.98 | 127.37 | 112.08 | 112.4 | 127.81 | 116.1 | 96.14 | 97.65 | 118.54 | 109.89 | 85.91 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 2.42B | 2.89B | 752.01M | 3.64B | 3.4B | 4.76B | 641.99M | 3.22B | 3.01B | 2.79B | 114.22M | 2.55B | 2.53B | 2.57B | 155.48M | 2B | 1.92B | 2.28B | 122.73M | 2.03B |
| Total Non-Current Assets | 36.76B | 34.63B | 33.14B | 32.39B | 29.53B | 27.69B | 25.54B | 22.98B | 22.07B | 21.31B | 20.54B | 21.99B | 21.2B | 20.61B | 19.61B | 20.18B | 18.05B | 18.13B | 17.75B | 16.18B |
| Property, Plant & Equipment | 30.63B | 29.24B | 27.65B | 27.28B | 24.92B | 23.39B | 21.83B | 19.57B | 18.67B | 17.82B | 17.02B | 17.03B | 16.23B | 16.17B | 15.25B | 15.51B | 13.3B | 13.26B | 12.95B | 10.9B |
| Fixed Asset Turnover | 0.09x | 0.09x | 0.10x | 0.10x | 0.10x | 0.10x | 0.11x | 0.11x | 0.11x | 0.11x | 0.11x | 0.11x | 0.11x | 0.11x | 0.12x | 0.13x | 0.13x | 0.13x | 0.15x | 0.15x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.36B | 1.36B | 1.36B | 1.34B | 1.35B | 1.34B | 1.34B | 1.34B | 1.32B |
| Intangible Assets | 3.17B | 2.86B | 2.87B | 2.84B | 2.84B | 2.77B | 2.17B | 1.94B | 1.93B | 1.96B | 1.38B | 1.41B | 1.43B | 1.47B | 1.48B | 1.6B | 871.86M | 893.47M | 899.28M | 912.46M |
| Long-Term Investments | 1.02B | 1.03B | 1.06B | 807.77M | 803.69M | 788.12M | 794.69M | 798.64M | 816.42M | 760.55M | 757.96M | 767.71M | 754.3M | 242.98M | 239.21M | 38.8M | 35.04M | 93.52M | 106.34M | 227.24M |
| Other Non-Current Assets | 1.69B | 1.26B | 1.31B | 1.08B | 621.05M | 438.31M | 430.74M | 372.38M | 373.03M | 517.46M | 1.13B | 1.12B | 1.21B | 1.16B | 1.11B | 1.57B | 2.34B | 2.37B | 2.29B | 2.65B |
| Total Assets | 49.53B | 49.12B | 44.59B | 43.35B | 39.71B | 38.83B | 32.36B | 29.93B | 29.12B | 28.15B | 30.35B | 29.92B | 28.73B | 28.68B | 26.56B | 27.84B | 25.5B | 25.55B | 23.07B | 23.61B |
| Asset Turnover | 0.06x | 0.06x | 0.06x | 0.06x | 0.06x | 0.06x | 0.07x | 0.07x | 0.07x | 0.06x | 0.06x | 0.06x | 0.06x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x |
| Asset Growth % | 24.73% | 26.48% | 37.82% | 44.88% | 36.37% | 37.95% | 6.61% | 0.02% | 1.35% | -1.84% | 14.27% | 7.48% | 12.67% | 12.23% | 15.15% | 17.87% | 16.45% | 7.36% | 19.33% | 25.57% |
| Total Current Liabilities | 13.12B | 14.66B | 12.45B | 12.17B | 10.45B | 10.11B | 9.34B | 8.36B | 8.14B | 8.08B | 11.42B | 11.22B | 11.17B | 10.8B | 6.24B | 6.07B | 5.3B | 5.32B | 5.17B | 6.78B |
| Accounts Payable | 750.22M | 832.79M | 741.88M | 750.81M | 754.37M | 813.34M | 709.26M | 728.36M | 726.83M | 773.85M | 695.38M | 765.4M | 741.51M | 710.49M | 703.39M | 652.34M | 695.67M | 619.86M | 492.93M | 489.32M |
| Days Payables Outstanding | 31.77 | 34.14 | 32.43 | 34.07 | 37.81 | 40.76 | 37.97 | 42.01 | 43.52 | 44.94 | 41.8 | 43.86 | 44.67 | 43.78 | 40.17 | 41.4 | 43.78 | 38.8 | 33.23 | 35.78 |
| Short-Term Debt | 4.54B | 5.18B | 4.48B | 3B | 2.73B | 2.58B | 1.42B | 1.87B | 1.67B | 1.32B | 6.21B | 5.78B | 5.83B | 5.99B | 1.88B | 1.33B | 1.22B | 1.29B | 1.45B | 3.19B |
| Deferred Revenue (Current) | 1.17B | 1.32B | 1.12B | 1.83B | 1.43B | 1.42B | 1.47B | 1.85B | 1.63B | 1.71B | 1.7B | 1.69B | 1.53B | 1.68B | 1.24B | 1.31B | 1.31B | 1.22B | 1.1B | 1.06B |
| Other Current Liabilities | 57.76M | 0 | 395.48M | 0 | 0 | 0 | 967.93M | 0 | 0 | 0 | 2.31B | 2.94B | 3.03B | 2.39B | 1.96B | 2.72B | 2.02B | 2.13B | 1.8B | 2B |
| Current Ratio | 0.97x | 0.99x | 0.92x | 0.90x | 0.97x | 1.10x | 0.73x | 0.83x | 0.87x | 0.85x | 0.86x | 0.71x | 0.67x | 0.75x | 1.11x | 1.26x | 1.41x | 1.40x | 1.03x | 1.10x |
| Quick Ratio | 0.97x | 0.99x | 0.92x | 0.90x | 0.97x | 1.10x | 0.73x | 0.83x | 0.87x | 0.85x | 0.86x | 0.71x | 0.67x | 0.75x | 1.11x | 1.26x | 1.41x | 1.40x | 1.03x | 1.10x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 26.38B | 24.47B | 23.58B | 23.59B | 21.64B | 21.12B | 16.09B | 14.7B | 14.43B | 13.6B | 12.28B | 11.73B | 10.58B | 10.59B | 13.44B | 14.67B | 12.78B | 12.52B | 10.3B | 9.41B |
| Long-Term Debt | 19.25B | 17.77B | 16.72B | 16.48B | 14.65B | 14.2B | 9.67B | 8.88B | 8.45B | 8.04B | 6.88B | 6.36B | 5.46B | 5.35B | 8.78B | 9.57B | 8.96B | 8.69B | 6.47B | 6.48B |
| Capital Lease Obligations | 5.91B | 5.5B | 5.64B | 5.88B | 5.76B | 5.66B | 5.31B | 4.76B | 4.74B | 4.44B | 4.43B | 4.52B | 4.34B | 4.47B | 3.9B | 4.39B | 3.38B | 3.39B | 3.4B | 2.5B |
| Deferred Tax Liabilities | 876.41M | 832.98M | 840.39M | 903.64M | 898.53M | 875.05M | 734.4M | 703.39M | 698.16M | 693.9M | 687.57M | 845.29M | 690.09M | 689.32M | 672.79M | 623.36M | 441.9M | 443.56M | 347.99M | 432.72M |
| Other Non-Current Liabilities | 118.73M | 118.73M | 118.73M | 107.85M | 107.85M | 107.85M | 107.85M | 98.46M | 283.75M | 283.64M | 286.83M | 0 | 86.92M | 87.2M | 85.92M | 86.87M | 0 | 0 | 77.48M | 0 |
| Total Liabilities | 39.49B | 39.12B | 36.03B | 35.76B | 32.09B | 31.23B | 25.44B | 23.06B | 22.57B | 21.69B | 23.7B | 22.95B | 21.74B | 21.4B | 19.68B | 20.74B | 18.08B | 17.84B | 15.47B | 16.19B |
| Total Debt | 30.64B | 29.77B | 28.17B | 26.66B | 24.34B | 23.61B | 17.51B | 16.49B | 15.82B | 14.72B | 17.51B | 16.66B | 15.63B | 15.81B | 14.55B | 15.29B | 13.56B | 13.37B | 11.32B | 12.17B |
| Net Debt | 23.44B | 22B | 22.64B | 23.16B | 21.42B | 19.66B | 16.01B | 14.96B | 14.02B | 12.94B | 12.42B | 13.64B | 13.02B | 12.56B | 11.61B | 11.51B | 9.95B | 10.01B | 9.62B | 8.37B |
| Debt / Equity | 3.06x | 2.98x | 3.29x | 3.51x | 3.19x | 3.11x | 2.53x | 2.40x | 2.42x | 2.28x | 2.69x | 2.42x | 2.27x | 2.20x | 2.11x | 2.16x | 1.83x | 1.73x | 1.49x | 1.64x |
| Debt / EBITDA | 35.18x | 33.81x | 38.34x | 35.84x | 33.74x | 35.01x | 25.71x | 28.96x | 27.12x | 34.76x | - | 33.75x | 29.69x | 28.90x | 33.68x | 36.62x | 32.14x | 32.94x | 59.14x | 28.24x |
| Net Debt / EBITDA | 26.91x | 24.98x | 30.82x | 31.13x | 29.70x | 29.15x | 23.51x | 26.28x | 24.04x | 30.55x | - | 27.63x | 24.74x | 22.97x | 26.86x | 27.57x | 23.58x | 24.66x | 50.27x | 19.42x |
| Interest Coverage | 0.93x | 1.17x | 4.88x | -0.67x | 1.71x | -0.67x | 2.12x | 4.78x | 2.39x | 0.27x | -29.08x | 0.35x | 1.30x | 3.13x | 0.23x | -3.67x | -4.01x | 1.06x | -2.12x | 3.29x |
| Total Equity | 10.02B | 9.99B | 8.56B | 7.59B | 7.62B | 7.6B | 6.92B | 6.86B | 6.54B | 6.46B | 6.51B | 6.88B | 6.89B | 7.2B | 6.88B | 7.09B | 7.42B | 7.71B | 7.59B | 7.42B |
| Equity Growth % | 31.55% | 31.45% | 23.75% | 10.62% | 16.43% | 17.63% | 6.36% | -0.25% | -4.98% | -10.2% | -5.45% | -2.97% | -7.17% | -6.63% | -9.36% | -4.46% | 1.81% | -8.45% | 10.31% | 11.74% |
| Book Value per Share | 35.34 | 36.45 | 29.15 | 28.22 | 28.39 | 28.62 | 25.82 | 23.65 | 25.04 | 24.73 | 42.30 | 46.42 | 46.50 | 40.86 | 46.48 | 47.87 | 50.23 | 49.30 | 50.51 | 49.59 |
| Total Shareholders' Equity | 4.08B | 4.23B | 6.22B | 5.75B | 6.17B | 6.18B | 6.37B | 6.34B | 6.01B | 5.94B | 6.01B | 6.39B | 6.41B | 6.73B | 6.51B | 6.72B | 7.05B | 7.35B | 7.23B | 7.06B |
| Common Stock | 118.04K | 118K | 112K | 112K | 112K | 112K | 112K | 109K | 109K | 109K | 106.87K | 60K | 59.82K | 60.02K | 59.14K | 60.42K | 60.05K | 60.09K | 59.93K | 58.91K |
| Retained Earnings | -13.5B | -13.36B | -11.13B | -11.43B | -11.12B | -11.1B | -10.86B | -10.84B | -11.14B | -11.2B | -11B | -8.76B | -8.5B | -8.29B | -8.25B | -8.36B | -7.89B | -7.51B | -7.58B | -7.55B |
| Treasury Stock | -179.15M | -179.09M | -179.09M | -179.09M | -161.89M | -161.89M | -161.89M | -163.07M | -173.43M | -325.43M | -326.58M | -161.88M | -348.5M | -349.64M | -344.51M | 0 | -349.52M | -349.52M | 0 | -349.52M |
| Accumulated OCI | 146.66M | 163.51M | 162.69M | 115.56M | 97.47M | 95.69M | 88.88M | 78.19M | 60.53M | 59.99M | 66.2M | 87.53M | 81.56M | 78.45M | 87.74M | 68.89M | 46.2M | -26.59M | -365.07M | 13.38M |
| Minority Interest | 5.95B | 5.76B | 2.35B | 1.84B | 1.45B | 1.43B | 554.92M | 524.37M | 536.12M | 527.95M | 499.39M | 485.9M | 473.97M | 468.78M | 366.9M | 368.02M | 365M | 361.49M | 358.35M | 355.5M |