NIO (NIO) Balance Sheet: Assets & Liabilities

NIO (NIO) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), NIO reported total assets of CNY 124.48B and total liabilities of CNY 111.78B. Shareholders' equity was CNY 4.16B, down 30.2% from CNY 5.97B a year earlier. Total debt stood at CNY 26.25B against CNY 45.81B in cash and short-term investments, a net cash position of CNY 19.56B. That puts debt-to-equity at 6.31, compared with 3.45 a year earlier.

NIO 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 NIO Inc. (NIO) - 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	26.04	19.33	32.94	19.89	15.33	38.43	0.86	3.13	7.51
Short-Term Investments	19.77	2.77	17.05	19.17	37.06	4.00	0.11	5.15	0.00
Cash & Short-Term Investments	45.81	22.09	49.99	39.06	52.39	42.42	0.97	8.29	7.51
Accounts Receivable	17.48	1.68	6.38	5.12	2.80	1.64	1.35	0.76	0.49
Inventory	8.54	7.09	5.28	8.19	2.06	1.08	0.89	1.47	0.09
Other Current Assets	4.86	11.95	8.98	5.40	-0.04	1.51	1.71	1.66	0.22
Total Current Assets	76.68	61.89	70.38	59.15	63.64	46.21	4.93	12.17	8.31
Non-Current Assets
Property, Plant & Equipment (Net)	37.56	40.00	36.25	23.52	10.83	6.44	7.53	4.85	1.96
Long-Term Investments	2.57	1.28	5.49	6.36	3.06	0.30	0.12	0.15	0.05
Intangible Assets	0.03	0.23	0.24	0.21	0.20	0.20	0.21	0.22	0.00
Other Non-Current Assets	7.64	0.36	5.03	0.22	0.06	0.85	1.80	1.45	0.01
Total Non-Current Assets	47.80	45.72	47.00	37.11	19.24	8.44	9.65	6.67	2.16
Total Assets	124.48	107.60	117.38	96.26	82.88	54.64	14.58	18.84	10.47
Current Liabilities
Accounts Payable	53.34	34.39	30.33	12.71	12.64	6.71	3.11	2.87	0.23
Short-Term Debt	7.52	9.13	5.09	17.79	7.30	0.38	1.86	2.07	0.08
Current Portion of Long-Term Debt	0.66	3.40	4.74	1.24	2.07	0.38	-	-	-
Accrued Liabilities	17.14	0.84	15.91	1.68	0.54	1.89	-	-	-
Deferred Revenue	0.00	4.07	2.86	2.11	1.38	1.00	0.49	0.34	0.07
Other Current Liabilities	17.77	5.48	6.26	0.02	2.68	1.69	4.00	3.26	1.20
Total Current Liabilities	78.63	62.31	57.80	45.85	29.20	13.98	9.50	8.59	1.62
Non-Current Liabilities
Long-Term Debt	18.73	11.44	13.04	10.89	9.74	5.94	8.84	1.17	0.64
Deferred Tax Liabilities	0.11	0.13	0.21	0.22	0.03	3.69	0.82	0.78	0.00
Other Non-Current Liabilities	14.30	0.31	6.88	0.25	0.29	0.79	1.06	0.93	19.77
Total Non-Current Liabilities	33.15	31.79	29.99	26.32	18.90	13.49	11.36	3.43	20.44
Total Liabilities	111.78	94.10	87.79	72.17	48.10	22.78	20.86	12.02	22.06
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	0.00	-113.07	-90.76	-69.91	-55.63	-51.65	-46.33	-35.04	-11.71
Accumulated Other Comprehensive Income	0.00	0.58	0.43	1.04	-0.28	-0.07	-0.20	-0.03	-0.01
Treasury Stock	0.12	0.24	1.85	1.85	1.85	-	-	-	-
Additional Paid-in Capital	4.16	118.69	117.72	94.59	92.47	78.88	40.23	41.91	-19.54
Minority Interest	8.54	7.54	4.05	0.22	0.08	0.00	0.02	-0.02	0.01
Shares Outstanding	2.47	2.09	2.08	1.66	1.69	-	-	-	-
Total Stockholders' Equity	4.16	5.97	29.60	23.87	34.71	31.86	-6.30	6.84	-11.60
Total Liabilities & Equity	124.48	107.60	117.38	96.26	82.88	54.64	14.58	18.84	10.47

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

Frequently Asked Questions About NIO Balance Sheet

How much debt does NIO have?

NIO had total debt of CNY 26.25B as of Dec 31, 2025, against CNY 45.81B in cash and short-term investments. Its debt-to-equity ratio was 6.31. Total debt was CNY 20.57B a year earlier.

What are NIO's total assets?

NIO reported total assets of CNY 124.48B as of Dec 31, 2025, up 15.7% from CNY 107.60B a year earlier. Total liabilities were CNY 111.78B.

What is NIO's shareholders' equity?

NIO's shareholders' equity was CNY 4.16B as of Dec 31, 2025, or about CNY 1.68 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