MOGU (MOGU) Balance Sheet: Assets & Liabilities

MOGU (MOGU) Balance Sheet

As of Mar 31, 2026 (end of fiscal 2026), MOGU reported total assets of CNY 826.91M and total liabilities of CNY 318.79M. Shareholders' equity was CNY 508.12M, down 0.2% from CNY 508.95M a year earlier. Total debt stood at CNY 768.00K against CNY 295.13M in cash and short-term investments, a net cash position of CNY 294.37M. That puts debt-to-equity at 0.00, compared with 0.00 a year earlier.

MOGU 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 MOGU Inc. (MOGU) - Annual data in billions CNY
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Current Assets
Cash and Cash Equivalents	0.13	0.08	0.36	0.42	0.44	0.54	0.86	1.28	1.22	1.27
Short-Term Investments	0.16	0.30	0.06	0.15	0.20	0.26	0.24	0.21	0.13	0.40
Cash & Short-Term Investments	0.30	0.38	0.42	0.56	0.64	0.80	1.09	1.49	1.35	1.67
Accounts Receivable	0.04	0.05	0.02	0.00	0.03	0.10	0.05	0.12	0.09	0.74
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00
Other Current Assets	0.00	0.06	0.07	0.10	0.06	0.08	0.16	0.28	0.29	0.80
Total Current Assets	0.34	0.49	0.51	0.67	0.72	0.99	1.31	1.78	1.66	2.48
Non-Current Assets
Property, Plant & Equipment (Net)	0.28	0.28	0.30	0.20	0.01	0.01	0.01	0.01	0.02	0.10
Long-Term Investments	0.06	0.05	0.08	0.07	0.07	0.07	0.10	0.24	0.20	0.01
Goodwill	0.00	0.00	0.00	0.00	0.06	0.19	0.19	1.57	1.57	1.57
Intangible Assets	0.00	0.00	0.00	0.01	0.09	0.43	0.81	1.00	0.12	0.50
Other Non-Current Assets	0.00	0.04	0.05	0.06	0.21	0.16	0.01	0.00	0.02	0.03
Total Non-Current Assets	0.48	0.37	0.43	0.35	0.45	0.85	1.13	2.83	1.92	2.21
Total Assets	0.83	0.86	0.94	1.01	1.17	1.84	2.44	4.60	3.58	4.68
Current Liabilities
Accounts Payable	0.00	0.00	0.01	0.01	0.02	0.03	0.02	0.02	0.01	0.01
Short-Term Debt	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00
Accrued Liabilities	0.17	0.18	0.18	0.32	0.15	0.34	-	-	-	-
Deferred Revenue	0.09	0.00	0.10	0.00	0.00	0.00	0.00	0.00	0.31	0.39
Other Current Liabilities	0.22	0.31	0.21	0.32	0.29	0.31	0.41	0.52	0.34	0.67
Total Current Liabilities	0.32	0.32	0.32	0.34	0.32	0.37	0.44	0.55	0.67	1.07
Non-Current Liabilities
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liabilities	0.00	0.00	0.00	0.00	0.01	0.02	0.02	0.00	0.03	0.11
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	0.00	0.00	0.00	0.00	0.01	0.02	0.03	0.01	0.03	0.11
Total Liabilities	0.32	0.32	0.32	0.34	0.33	0.38	0.46	0.56	0.70	1.19
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.14	0.14
Retained Earnings	-8.92	-8.92	-8.86	-8.79	-8.62	-7.97	-7.65	-5.43	-4.50	-3.27
Accumulated Other Comprehensive Income	0.08	0.08	0.09	0.09	0.07	0.10	0.20	0.08	0.00	0.07
Treasury Stock	0.14	0.14	0.14	0.14	0.14	-	-	-	-	-
Additional Paid-in Capital	9.49	9.35	9.35	9.35	9.33	9.33	9.43	9.39	0.00	0.00
Minority Interest	0.00	0.03	0.03	0.03	0.04	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	2.45	2.45	2.46	2.46	2.49	-	-	-	-	-
Total Stockholders' Equity	0.51	0.51	0.59	0.64	0.79	1.45	1.98	4.05	2.88	3.50
Total Liabilities & Equity	0.83	0.86	0.94	1.01	1.17	1.84	2.44	4.60	3.58	4.68

Source: Company financial statements from annual and quarterly filings. Data as of Mar 31, 2026. Data sources and methodology

Frequently Asked Questions About MOGU Balance Sheet

How much debt does MOGU have?

MOGU had total debt of CNY 768.00K as of Mar 31, 2026, against CNY 295.13M in cash and short-term investments. Its debt-to-equity ratio was 0.00. Total debt was CNY 972.00K a year earlier.

What are MOGU's total assets?

MOGU reported total assets of CNY 826.91M as of Mar 31, 2026, down 3.6% from CNY 858.23M a year earlier. Total liabilities were CNY 318.79M.

What is MOGU's shareholders' equity?

MOGU's shareholders' equity was CNY 508.12M as of Mar 31, 2026, or about CNY 0.21 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