ZKH Group Limited (ZKH) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q1'21 | Q4'20 |
|---|
| Total Current Assets | 5.86B | 5.73B | 6.19B | 6.32B | 6.57B | 6.52B | 6.95B | 6.39B | 1.95B | 6.28B | 6.62B | 920.85M | 973.08M | 830.59M | 839.18M | 310.02M | 778.54M |
| Cash & Short-Term Investments | 1.75B | 1.68B | 1.97B | 1.99B | 1.89B | 1.89B | 1.96B | 1.51B | 1.95B | 1.95B | 1.37B | 189.28M | 200.01M | 84.66M | 50.5M | 310.02M | 311.19M |
| Cash Only | 1.1B | 1.14B | 1.42B | 1.46B | 1.31B | 1.1B | 1.09B | 889.19M | -1.95B | 1.95B | 1.37B | 189.28M | 200.01M | 84.66M | 50.5M | -310.02M | 300.46M |
| Short-Term Investments | 658.94M | 547.96M | 543.98M | 525.4M | 581.2M | 789.68M | 874.21M | 621.39M | 3.91B | 0 | 0 | 0 | 0 | 0 | 0 | 620.03M | 10.73M |
| Accounts Receivable | 3.09B | 3.03B | 3.35B | 3.41B | 3.67B | 3.63B | 3.99B | 3.81B | 0 | 3.38B | 3.49B | 464.71M | 491.06M | 497M | 493.71M | 0 | 299.42M |
| Days Sales Outstanding | 128.49 | 148.35 | 131.35 | 142.94 | 147.75 | 186.5 | 146.88 | 153.53 | - | 139.74 | 77.91 | 156.56 | 151.48 | 128.48 | 132.77 | - | 439.33 |
| Inventory | 746.1M | 723.77M | 625.39M | 656.91M | 672.53M | 681.56M | 668.98M | 696.83M | 0 | 656M | 649.43M | 109.09M | 115.27M | 120.05M | 113.47M | 0 | 68.63M |
| Days Inventory Outstanding | 36.95 | 37.87 | 30.01 | 32.32 | 33 | 40.26 | 31 | 33.54 | - | 31.88 | 17.69 | 43.55 | 42.75 | 34.98 | 35.15 | - | 118.32 |
| Other Current Assets | 266.41M | 293.44M | 114.83M | 261M | 333M | 316.01M | 327.87M | 157.84M | -1.95B | 295.24M | 879.26M | 157.78M | 166.73M | 128.88M | 181.5M | -2.03B | 99.3M |
| Total Non-Current Assets | 400.61M | 394.53M | 421.06M | 424.53M | 430.04M | 418.84M | 432.15M | 432.71M | -1.95B | 530.47M | 544.04M | 87.51M | 92.48M | 104.15M | 107.4M | -310.02M | 75.19M |
| Property, Plant & Equipment | 346.07M | 338.81M | 374.32M | 366.7M | 381.32M | 358.82M | 370.22M | 369.36M | 0 | 464.68M | 487.81M | 79.23M | 83.73M | 95.95M | 99.75M | 0 | 67.96M |
| Fixed Asset Turnover | 6.33x | 5.43x | 6.40x | 6.10x | 6.08x | 5.10x | 6.61x | 6.13x | - | 4.74x | 8.23x | 3.41x | 3.27x | 3.63x | 3.40x | - | 3.66x |
| Goodwill | 30.81M | 30.81M | 30.81M | 30.81M | 30.81M | 30.81M | 30.81M | 30.81M | 0 | 30.81M | 30.81M | 4.6M | 4.86M | 4.85M | 4.78M | 0 | 4.72M |
| Intangible Assets | 23.73M | 24.92M | 26.74M | 27.02M | 17.92M | 29.21M | 31.13M | 32.55M | 0 | 34.98M | 25.42M | 3.68M | 3.89M | 3.35M | 2.88M | 0 | 2.51M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | -680.32M | -751.04M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | -10.81M | 0 | 0 | 0 | 3 | 0 | -1.95B | 0 | 0 | 0 | 0 | 0 | 0 | -310.02M | 0 |
| Total Assets | 6.26B | 6.12B | 6.61B | 6.74B | 7B | 6.93B | 7.39B | 6.82B | 0 | 6.81B | 7.16B | 1.01B | 1.07B | 934.74M | 946.58M | 0 | 853.74M |
| Asset Turnover | 0.35x | 0.30x | 0.36x | 0.33x | 0.32x | 0.26x | 0.34x | 0.33x | - | 0.32x | 0.57x | 0.27x | 0.29x | 0.38x | 0.36x | - | 0.29x |
| Asset Growth % | -10.56% | -11.72% | -10.5% | -1.18% | - | - | 8.41% | -4.72% | -100% | 628.94% | 656.43% | - | - | 9.49% | - | - | - |
| Total Current Liabilities | 3.09B | 2.92B | 3.34B | 3.49B | 3.66B | 3.59B | 4.03B | 3.83B | 0 | 3.48B | 5.35B | 700.96M | 740.72M | 533.46M | 493.02M | 0 | 317.51M |
| Accounts Payable | 2.36B | 2.31B | 2.55B | 2.52B | 2.6B | 2.35B | 2.88B | 2.8B | 0 | 2.57B | 2.59B | 316.27M | 334.21M | 384.94M | 364.45M | 0 | 233.38M |
| Days Payables Outstanding | 117.38 | 136.33 | 118.64 | 124.5 | 120.7 | 156.12 | 128.89 | 134.58 | - | 126 | 67.84 | 126.25 | 130.64 | 112.26 | 112.88 | - | 402.34 |
| Short-Term Debt | 332.1M | 161.94M | 319.29M | 495M | 591M | 701M | 593.15M | 434M | 0 | 260.75M | 2.1B | 297.41M | 314.27M | 41.57M | 30.24M | 0 | 11.62M |
| Deferred Revenue (Current) | 27.48M | 26.57M | 27.43M | 32.42M | 19.09M | 29.66M | 19.91M | 32.02M | 0 | 31.13M | 0 | 0 | 0 | 4.72M | 0 | 0 | 0 |
| Other Current Liabilities | 1.85M | 476K | 20.14M | 51.36M | 49.86M | 1 | 204.12M | 1 | 0 | 284.47M | 29.58M | 1.72B | 1.7B | 483.64M | 394.91M | 0 | 256.17M |
| Current Ratio | 1.90x | 1.96x | 1.85x | 1.81x | 1.80x | 1.82x | 1.73x | 1.67x | - | 1.80x | 1.24x | 1.31x | 1.31x | 1.56x | 1.70x | - | 2.45x |
| Quick Ratio | 1.66x | 1.71x | 1.67x | 1.62x | 1.61x | 1.63x | 1.56x | 1.49x | - | 1.62x | 1.12x | 1.16x | 1.16x | 1.33x | 1.47x | - | 2.24x |
| Cash Conversion Cycle | 48.06 | 49.88 | 42.72 | 50.76 | 60.04 | 70.64 | 48.99 | 52.49 | - | 45.63 | 27.76 | 73.85 | 63.59 | 51.2 | 55.04 | - | 155.31 |
| Total Non-Current Liabilities | 178.55M | 165.15M | 173.21M | 168.49M | 142.28M | 130.15M | 147.48M | 7.92B | -3.12B | 7.4B | 208.87M | 34.24M | 36.19M | 42.99M | 48.79M | -3.26B | 37.46M |
| Long-Term Debt | 43.8M | 43.8M | 38.89M | 26.05M | 19.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 102.3M | 97.38M | 109.1M | 116.5M | 122.02M | 129.68M | 146.97M | 154.68M | 0 | 214.43M | 207.89M | 228.24M | 228.24M | 271.95M | 312.38M | 0 | 240.35M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 32.46M | 23.97M | 25.22M | 25.95M | 441K | 473K | 507K | 7.76B | -3.12B | 7.18B | 986K | -194M | -192.06M | -228.97M | -263.59M | -3.26B | -202.89M |
| Total Liabilities | 3.27B | 3.08B | 3.51B | 3.66B | 3.8B | 3.72B | 4.18B | 11.74B | -3.12B | 10.88B | 5.56B | 735.21M | 776.9M | 576.44M | 541.81M | -3.26B | 354.97M |
| Total Debt | 535.38M | 371.96M | 548.65M | 719.67M | 819.78M | 913.68M | 831.35M | 677.97M | 0 | 570.96M | 2.42B | 331.47M | 350.27M | 84.36M | 78.68M | 0 | 48.44M |
| Net Debt | -559.88M | -764.1M | -875.29M | -740.41M | -489.19M | -181.81M | -259.27M | -211.22M | 1.95B | -1.38B | 1.05B | 142.19M | 150.26M | -295.2K | 28.18M | 310.02M | -252.02M |
| Debt / Equity | 0.18x | 0.12x | 0.18x | 0.23x | 0.26x | 0.28x | 0.26x | - | - | - | 1.51x | 1.21x | 1.21x | 0.24x | 0.19x | - | 0.10x |
| Debt / EBITDA | - | - | - | - | - | - | 85.10x | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | -26.54x | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -16.64x | -27.29x | -1.78x | -21.21x | -12.90x | -22.76x | 4.08x | -17.82x | -30.60x | -9.98x | -32.99x | -39.31x | -91.27x | -1044.42x | -266.10x | -2288.57x | - |
| Total Equity | 2.99B | 3.04B | 3.1B | 3.08B | 3.2B | 3.22B | 3.21B | -4.92B | 3.12B | -4.07B | 1.6B | 273.16M | 288.65M | 358.29M | 404.77M | 496.89M | 498.77M |
| Equity Growth % | -6.39% | -5.62% | -3.52% | 162.6% | - | 3.26% | 178.97% | -407.02% | 979.59% | -1234.96% | 296.03% | - | -41.91% | -28.16% | - | - | - |
| Book Value per Share | 18.46 | 18.66 | 18.98 | 18.82 | 19.48 | 19.65 | 19.99 | -30.64 | 20.59 | -27.14 | 10.75 | 1.78 | 1.88 | 2.46 | 3.01 | 3.62 | 3.76 |
| Total Shareholders' Equity | 2.99B | 3.04B | 3.1B | 3.08B | 3.2B | 3.22B | 3.21B | -4.93B | 3.12B | -4.07B | 1.6B | 272.38M | 287.83M | 357.52M | 400.31M | 496.89M | 496.89M |
| Common Stock | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 1K | 0 | 1K | 1K | 149 | 158 | 157 | 155 | 0 | 153 |
| Retained Earnings | -5.3B | -5.24B | -5.17B | -5.15B | -5.07B | -5B | -4.91B | -4.93B | 0 | -4.02B | -3.85B | -505.27M | -533.92M | -435.71M | -368.18M | 0 | -224.91M |
| Treasury Stock | -58.91M | -52.76M | -40.76M | -19.74M | -2.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 3.48M | 8.06M | 4.76M | -40.79M | -6.67M | -15.79M | -19.14M | 2.98M | -4.07B | -46.63M | -28.86M | -598.64K | -632.59K | -146.34K | -113.66K | -224.13M | -67.4K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.89M | 0 | 4.24M | 4.2M | 779.83K | 824.05K | 772.62K | 4.46M | 0 | 1.87M |