Baidu (BIDU) Balance Sheet: Assets & Liabilities

Baidu (BIDU) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Baidu reported total assets of CNY 449.16B and total liabilities of CNY 159.43B. Shareholders' equity was CNY 266.33B, up 1.0% from CNY 263.62B a year earlier. Total debt stood at CNY 97.08B against CNY 115.27B in cash and short-term investments, a net cash position of CNY 18.19B. That puts debt-to-equity at 0.36, compared with 0.30 a year earlier.

Baidu Balance Sheet Analysis

Values in billions CNY

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Baidu, Inc. (BIDU) - Annual data in billions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	24.61	24.83	25.23	53.16	36.85	35.78	33.44	27.64	11.08
Short-Term Investments	90.66	102.61	168.67	120.84	143.24	126.84	112.92	111.63	107.73
Cash & Short-Term Investments	115.27	127.44	193.90	174.00	180.09	162.62	146.37	139.26	118.82
Accounts Receivable	13.73	14.28	16.62	11.73	14.83	11.59	11.13	8.78	5.05
Inventory	0.00	5.99	1.40	1.23	1.48	0.62	0.00	0.00	0.00
Other Current Assets	22.97	21.14	18.34	1.62	16.92	0.49	8.07	7.05	27.30
Total Current Assets	151.97	168.85	230.26	212.85	213.32	183.34	165.56	155.09	151.17
Non-Current Assets
Property, Plant & Equipment (Net)	34.89	41.00	38.81	34.34	35.09	27.31	25.64	17.90	12.48
Long-Term Investments	168.78	140.26	72.62	30.56	67.33	76.23	69.41	80.45	56.28
Goodwill	36.78	22.59	22.59	22.48	22.61	22.25	18.25	18.54	15.81
Intangible Assets	24.43	22.40	21.23	21.10	19.90	8.46	12.24	9.18	5.47
Other Non-Current Assets	27.72	30.50	19.16	2.84	19.42	3.49	8.02	14.07	9.00
Total Non-Current Assets	297.19	258.93	176.50	178.12	166.72	149.37	135.75	142.47	100.56
Total Assets	449.16	427.78	406.76	390.97	380.03	332.71	301.32	297.57	251.73
Current Liabilities
Accounts Payable	0.00	0.00	0.00	11.74	0.00	3.14	0.00	0.00	0.00
Short-Term Debt	31.87	22.41	22.20	20.55	17.54	12.18	10.86	10.00	7.75
Current Portion of Long-Term Debt	20.78	8.44	8.83	15.21	10.51	12.18	-	-	-
Accrued Liabilities	34.76	15.33	30.12	30.18	17.17	14.28	-	-	-
Deferred Revenue	13.58	16.55	16.33	14.35	14.74	12.78	12.73	10.76	9.23
Other Current Liabilities	40.88	38.47	35.24	5.07	37.78	16.84	30.68	33.75	62.80
Total Current Liabilities	86.33	80.95	76.45	79.63	74.49	68.39	57.38	56.85	82.06
Non-Current Liabilities
Long-Term Debt	65.21	56.92	62.40	63.18	73.97	60.34	62.68	54.90	35.81
Deferred Tax Liabilities	4.99	0.00	2.73	2.90	3.29	3.07	3.27	4.10	3.38
Other Non-Current Liabilities	1.99	6.30	1.90	2.06	3.99	3.60	4.15	4.60	0.04
Total Non-Current Liabilities	73.10	63.22	67.70	73.54	81.59	72.48	71.12	64.96	39.30
Total Liabilities	159.43	144.17	144.15	153.17	156.08	140.87	128.50	121.81	121.36
Stockholders' Equity
Common Stock	266.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	0.00	180.07	161.24	148.34	145.16	135.28	126.27	129.25	102.33
Accumulated Other Comprehensive Income	0.00	-1.80	-0.90	0.55	-0.01	0.20	-1.38	0.21	0.93
Treasury Stock	4.69	6.24	3.82	5.26	7.58	-	-	-	-
Additional Paid-in Capital	0.00	85.35	83.28	79.86	66.31	47.21	38.71	33.44	12.09
Minority Interest	23.40	19.99	18.98	14.33	12.49	9.15	9.22	12.86	15.03
Shares Outstanding	2.72	2.76	2.81	2.80	2.76	-	-	-	-
Total Stockholders' Equity	266.33	263.62	243.63	223.48	211.46	191.84	163.60	162.90	115.35
Total Liabilities & Equity	449.16	427.78	406.76	390.97	380.03	332.71	301.32	297.57	251.73

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Baidu Balance Sheet

How much debt does Baidu have?

Baidu had total debt of CNY 97.08B as of Dec 31, 2025, against CNY 115.27B in cash and short-term investments. Its debt-to-equity ratio was 0.36. Total debt was CNY 79.32B a year earlier.

What are Baidu's total assets?

Baidu reported total assets of CNY 449.16B as of Dec 31, 2025, up 5.0% from CNY 427.78B a year earlier. Total liabilities were CNY 159.43B.

What is Baidu's shareholders' equity?

Baidu's shareholders' equity was CNY 266.33B as of Dec 31, 2025, or about CNY 97.84 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition