H World Group (HTHT) Balance Sheet: Assets & Liabilities

H World Group (HTHT) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), H World Group reported total assets of CNY 64.82B and total liabilities of CNY 51.85B. Shareholders' equity was CNY 12.81B, up 4.4% from CNY 12.27B a year earlier. Total debt stood at CNY 36.09B against CNY 15.44B in cash and short-term investments, a net debt position of CNY 20.66B. That puts debt-to-equity at 2.82, compared with 0.44 a year earlier.

H World Group 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 H World Group Limited (HTHT) - 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	10.54	7.47	6.95	3.58	5.12	7.03	3.23	4.26	3.47
Short-Term Investments	4.90	3.60	2.19	1.79	2.59	3.90	2.91	0.09	0.13
Cash & Short-Term Investments	15.44	11.08	9.14	5.37	7.71	10.93	6.14	4.35	3.60
Accounts Receivable	1.08	0.82	0.76	1.11	0.52	0.41	0.24	0.23	0.20
Inventory	0.06	0.06	0.06	0.07	0.09	0.09	0.06	0.04	0.02
Other Current Assets	0.87	0.96	0.95	2.62	1.24	1.46	11.82	2.35	1.94
Total Current Assets	17.45	13.22	12.06	9.18	9.55	12.88	18.26	6.97	5.76
Non-Current Assets
Property, Plant & Equipment (Net)	32.63	33.12	33.93	37.80	39.23	37.70	26.73	5.24	4.52
Long-Term Investments	1.54	2.32	2.56	1.95	1.97	1.92	1.93	6.15	2.36
Goodwill	5.43	5.22	5.32	5.20	5.13	4.99	2.66	2.63	2.26
Intangible Assets	5.03	4.95	5.46	5.48	5.59	6.16	1.88	1.83	1.78
Other Non-Current Assets	1.58	3.90	2.98	0.82	0.93	0.88	0.99	0.66	0.41
Total Non-Current Assets	47.37	49.34	51.48	52.33	53.72	52.92	34.73	17.02	11.67
Total Assets	64.82	62.55	63.53	61.51	63.27	65.80	52.98	23.99	17.43
Current Liabilities
Accounts Payable	1.02	1.06	1.02	1.17	0.97	1.24	1.18	0.89	0.77
Short-Term Debt	8.88	0.88	4.05	7.10	9.90	4.58	11.58	0.95	0.13
Current Portion of Long-Term Debt	-	0.84	3.72	0.25	5.54	0.29	-	-	-
Accrued Liabilities	7.28	6.02	0.63	3.49	0.46	0.95	-	-	-
Deferred Revenue	1.82	1.82	1.64	1.31	1.37	1.27	1.18	1.01	0.94
Other Current Liabilities	7.41	0.81	6.15	3.07	2.63	3.10	3.12	2.86	1.71
Total Current Liabilities	19.14	13.32	17.41	13.15	15.28	10.53	17.29	5.97	3.77
Non-Current Liabilities
Long-Term Debt	27.21	4.55	1.27	36.79	34.26	40.40	26.58	8.81	4.92
Deferred Tax Liabilities	1.19	0.92	0.85	0.86	0.85	1.82	0.49	0.48	0.42
Other Non-Current Liabilities	2.71	5.94	1.12	1.09	1.05	0.95	0.57	1.96	1.76
Total Non-Current Liabilities	32.71	36.96	33.87	39.56	36.95	43.84	28.20	11.71	7.28
Total Liabilities	51.85	50.28	51.28	52.70	52.23	54.37	45.48	17.67	10.95
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	3.62	2.45	0.79	-1.20	1.04	1.50	3.70	2.61	2.51
Accumulated Other Comprehensive Income	0.20	0.38	0.39	0.23	0.04	0.13	-0.05	-0.04	0.17
Treasury Stock	0.66	0.27	0.91	0.44	0.11	-	-	-	-
Additional Paid-in Capital	9.00	9.62	11.86	9.70	9.86	9.70	3.73	3.61	3.52
Minority Interest	0.15	0.09	0.11	0.07	0.11	0.10	0.12	0.15	0.04
Shares Outstanding	3.07	3.08	3.16	3.11	3.22	-	-	-	-
Total Stockholders' Equity	12.81	12.27	12.14	8.73	10.94	11.33	7.38	6.17	6.20
Total Liabilities & Equity	64.82	62.55	63.53	61.51	63.27	65.80	52.98	23.99	17.43

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

Frequently Asked Questions About H World Group Balance Sheet

How much debt does H World Group have?

H World Group had total debt of CNY 36.09B as of Dec 31, 2025, against CNY 15.44B in cash and short-term investments. Its debt-to-equity ratio was 2.82. Total debt was CNY 5.43B a year earlier.

What are H World Group's total assets?

H World Group reported total assets of CNY 64.82B as of Dec 31, 2025, up 3.6% from CNY 62.55B a year earlier. Total liabilities were CNY 51.85B.

What is H World Group's shareholders' equity?

H World Group's shareholders' equity was CNY 12.81B as of Dec 31, 2025, or about CNY 4.17 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