H World Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	10,386	7,474	6,946	3,583	5,116
Short-Term Investments	4,894	3,603	2,189	1,788	2,589
Cash & Short-Term Investments	15,280	11,077	9,135	5,371	7,705
Cash Growth	37.94%	21.26%	70.08%	-30.29%	-29.50%
Accounts Receivable	723	817	755	1,113	521
Other Receivables	272	297	210	178	149
Receivables	1,082	1,228	1,149	1,425	888
Inventory	57	60	59	70	88
Restricted Cash	146	50	764	1,503	25
Other Current Assets	870	800	949	809	847
Total Current Assets	17,435	13,215	12,056	9,178	9,553
Property, Plant & Equipment	32,607	32,946	33,926	37,801	39,233
Long-Term Investments	1,369	2,316	2,564	1,945	1,965
Goodwill	5,428	5,221	5,318	5,195	5,132
Other Intangible Assets	5,183	4,950	5,461	5,477	5,591
Long-Term Deferred Tax Assets	1,157	1,054	1,043	1,093	862
Other Long-Term Assets	1,463	2,660	3,001	694	835
Total Assets	64,774	62,552	63,532	61,507	63,269
Accounts Payable	1,020	983	1,019	1,171	968
Accrued Expenses	6,090	1,832	1,751	1,287	1,124
Short-Term Debt	5,337	38	329	3,035	692
Current Portion of Long-Term Debt	-	842	3,720	253	5,540
Current Portion of Leases	3,537	3,542	3,654	3,814	3,669
Current Income Taxes Payable	1,191	813	562	500	418
Current Unearned Revenue	1,823	2,154	1,901	1,474	1,501
Other Current Liabilities	129	3,117	4,475	1,612	1,367
Total Current Liabilities	19,127	13,321	17,411	13,146	15,279
Long-Term Debt	479	4,546	1,265	6,635	3,565
Long-Term Leases	26,716	26,477	26,912	30,150	30,696
Long-Term Unearned Revenue	1,602	1,351	1,072	828	785
Pension & Post-Retirement Benefits	109	111	124	110	144
Long-Term Deferred Tax Liabilities	1,187	919	845	858	853
Other Long-Term Liabilities	2,596	3,556	3,654	977	903
Total Liabilities	51,816	50,281	51,283	52,704	52,225
Additional Paid-In Capital	9,653	9,620	11,861	10,138	9,964
Retained Earnings	3,614	2,449	794	-1,200	1,037
Treasury Stock	-662	-274	-906	-441	-107
Comprehensive Income & Other	199	382	386	232	41
Total Common Equity	12,804	12,177	12,135	8,729	10,935
Minority Interest	154	94	114	74	109
Shareholders' Equity	12,958	12,271	12,249	8,803	11,044
Total Liabilities & Equity	64,774	62,552	63,532	61,507	63,269
Total Debt	36,069	35,445	35,880	43,887	44,162
Net Cash (Debt)	-20,789	-24,368	-26,745	-38,516	-36,457
Net Cash Per Share	-64.02	-74.33	-79.80	-123.80	-117.07
Filing Date Shares Outstanding	306.8	306.94	313.79	318.69	321.82
Total Common Shares Outstanding	306.8	308.39	315.9	311.24	312.07
Working Capital	-1,692	-106	-5,355	-3,968	-5,726
Book Value Per Share	41.73	39.49	38.41	28.05	35.04
Tangible Book Value	2,193	2,006	1,356	-1,943	212
Tangible Book Value Per Share	7.15	6.50	4.29	-6.24	0.68
Buildings	-	791	791	843	305
Machinery	-	2,365	2,450	2,523	2,351
Construction In Progress	-	108	259	193	778
Leasehold Improvements	-	11,187	11,053	10,952	10,467

Source: S&P Global Market Intelligence. Standard template. Financial Sources.