Maase (MAAS) Balance Sheet: Assets & Liabilities

Maase (MAAS) Balance Sheet

As of Jun 30, 2025 (end of fiscal 2025), Maase reported total assets of CNY 1.99B and total liabilities of CNY 47.07M. Shareholders' equity was CNY 1.94B, up 51.0% from CNY 1.29B a year earlier. Total debt stood at CNY 82.05M against CNY 578.00K in cash and short-term investments, a net debt position of CNY 81.47M. That puts debt-to-equity at 0.04, compared with 0.17 a year earlier.

Maase 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 Maase Inc. (MAAS) - Annual data in billions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2017
Period ending	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2017
Current Assets
Cash and Cash Equivalents	0.00	0.30	0.16	0.19	0.26	0.29	0.29	0.06
Short-Term Investments	0.00	0.58	-	0.01	0.01	0.00	0.00	0.01
Cash & Short-Term Investments	0.00	0.88	0.16	0.20	0.26	0.29	0.29	0.07
Accounts Receivable	0.30	1.39	0.04	0.06	0.06	0.09	0.09	0.11
Inventory	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.03	0.11	0.01	0.12	0.07	0.00	0.01	0.01
Total Current Assets	0.01	2.39	0.23	0.39	0.40	0.39	0.39	0.19
Non-Current Assets
Property, Plant & Equipment (Net)	0.13	0.21	0.02	0.04	0.04	0.03	0.03	0.00
Long-Term Investments	-	0.01	-	0.00	0.00	0.00	0.00	0.00
Goodwill	-	0.24	-	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.42	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	1.03	0.98	0.02	0.02	0.02	0.00	0.00	0.00
Total Non-Current Assets	-	1.89	0.03	0.07	0.06	0.06	0.04	0.01
Total Assets	1.99	4.28	0.26	0.46	0.47	0.43	0.43	0.19
Current Liabilities
Accounts Payable	0.12	0.19	0.01	0.01	0.01	0.01	0.01	0.00
Short-Term Debt	0.08	0.15	-	0.00	0.01	0.01	0.01	0.00
Accrued Liabilities	0.27	0.35	0.01	0.01	0.02	0.02	-	-
Deferred Revenue	-	0.00	0.00	0.00	0.07	0.00	0.00	0.00
Other Current Liabilities	0.08	0.41	0.00	0.12	0.09	0.00	0.02	0.02
Total Current Liabilities	0.57	0.85	0.02	0.17	0.13	0.05	0.05	0.03
Non-Current Liabilities
Long-Term Debt	-	0.06	0.01	0.02	0.02	0.02	0.01	0.00
Deferred Tax Liabilities	-	0.24	-	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	0.57	0.49	0.01	0.01	0.01	0.00	0.00	0.00
Total Non-Current Liabilities	0.60	0.79	0.02	0.04	0.02	0.02	0.01	0.00
Total Liabilities	0.05	1.64	0.05	0.20	0.15	0.06	0.06	0.03
Stockholders' Equity
Common Stock	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-0.49	-0.32	-0.01	0.01	0.10	0.14	0.12	0.05
Accumulated Other Comprehensive Income	-0.01	0.02	0.00	0.02	0.00	0.00	0.02	0.01
Treasury Stock	-	0.00	-	-	-	-	-	-
Additional Paid-in Capital	-	1.58	0.22	0.22	0.22	0.22	0.22	0.09
Minority Interest	-	1.35	-	0.00	0.00	0.00	0.00	0.01
Shares Outstanding	-	0.37	0.09	0.09	0.09	-	-	-
Total Stockholders' Equity	1.94	1.29	0.43	0.26	0.32	0.37	0.37	0.15
Total Liabilities & Equity	-	4.28	0.26	0.46	0.47	0.47	0.43	0.19

Source: Company financial statements from annual and quarterly filings. Data as of Dec 31, 2025. Data sources and methodology

Frequently Asked Questions About Maase Balance Sheet

How much debt does Maase have?

Maase had total debt of CNY 82.05M as of Jun 30, 2025, against CNY 578.00K in cash and short-term investments. Its debt-to-equity ratio was 0.04. Total debt was CNY 215.56M a year earlier.

What are Maase's total assets?

Maase reported total assets of CNY 1.99B as of Jun 30, 2025, down 53.5% from CNY 4.28B a year earlier. Total liabilities were CNY 47.07M.

What is Maase's shareholders' equity?

Maase's shareholders' equity was CNY 1.94B as of Jun 30, 2025.

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