GDS Holdings Limited (HKG:9698)
Hong Kong · Delayed Price · Currency is HKD 33.32
+0.08 (0.24%)
Aug 21, 2026, 4:08 PM HKT
GDS Holdings Balance Sheet
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 14,927 | 14,306 | 7,868 | 7,355 | 8,608 | 9,968 |
Short-Term Investments | - | 667.74 | - | - | - | - |
Cash & Short-Term Investments | 14,927 | 14,974 | 7,868 | 7,355 | 8,608 | 9,968 |
Cash Growth | 13.74% | 90.32% | 6.97% | -14.56% | -13.64% | -38.69% |
Accounts Receivable | 2,851 | 2,467 | 3,022 | 2,493 | 2,406 | 1,733 |
Other Receivables | 300.22 | 563.56 | 294.79 | 214.39 | 164.74 | 229.09 |
Receivables | 3,152 | 3,031 | 3,317 | 2,707 | 2,571 | 1,962 |
Prepaid Expenses | 5,377 | - | - | - | 186.81 | 202.74 |
Restricted Cash | - | 130.3 | 67.42 | 39.37 | 158.08 | 2,014 |
Other Current Assets | - | 412.55 | 361.25 | 882.03 | 427.3 | 316.94 |
Total Current Assets | 23,456 | 18,547 | 11,613 | 10,984 | 11,951 | 14,464 |
Property, Plant & Equipment | 43,554 | 42,885 | 45,398 | 45,409 | 52,551 | 44,654 |
Long-Term Investments | 10,157 | 10,052 | 7,545 | 7.3 | - | - |
Goodwill | - | 5,188 | 5,886 | 5,886 | 7,077 | 7,077 |
Other Intangible Assets | 5,391 | 289.46 | 502.89 | 710.68 | 1,071 | 1,918 |
Long-Term Deferred Tax Assets | - | 391.22 | 381.27 | 289.85 | 229 | 186.5 |
Long-Term Deferred Charges | - | - | - | - | 47.4 | 80.74 |
Other Long-Term Assets | 3,230 | 2,645 | 2,323 | 11,160 | 1,889 | 3,254 |
Total Assets | 85,789 | 79,998 | 73,649 | 74,447 | 74,814 | 71,632 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Accounts Payable | 2,391 | - | - | - | - | - |
Accrued Expenses | 1,457 | 851.65 | 855.23 | 870.53 | 844.41 | 695.18 |
Short-Term Debt | 3,327 | 411.4 | 1,799 | 422.41 | 1,652 | 4,640 |
Current Portion of Long-Term Debt | 4,219 | 2,540 | 2,544 | 2,160 | 4,056 | 1,308 |
Current Portion of Leases | 1,758 | 807.28 | 753.5 | 680.66 | 629.6 | 844.88 |
Current Income Taxes Payable | - | 126.45 | 118.61 | 166.92 | 202.59 | 139.67 |
Current Unearned Revenue | - | 113.83 | 90.98 | 119.89 | 156.13 | 90.99 |
Other Current Liabilities | - | 2,277 | 2,918 | 3,885 | 3,063 | 5,747 |
Total Current Liabilities | 13,152 | 7,128 | 9,078 | 8,305 | 10,603 | 13,465 |
Long-Term Debt | 31,598 | 35,508 | 30,483 | 31,523 | 27,813 | 20,180 |
Long-Term Leases | 6,475 | 8,257 | 8,881 | 9,238 | 10,534 | 10,817 |
Long-Term Unearned Revenue | - | 110.05 | 165.08 | 146.18 | 60.44 | 67.15 |
Long-Term Deferred Tax Liabilities | - | 1,144 | 1,241 | 1,282 | 1,410 | 734.28 |
Other Long-Term Liabilities | 1,319 | 113.55 | 132.14 | 3,827 | 207.81 | 472.15 |
Total Liabilities | 52,545 | 52,261 | 49,980 | 54,323 | 50,629 | 45,736 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Common Stock | 0.57 | 0.56 | 0.53 | 0.52 | 0.52 | 0.51 |
Additional Paid-In Capital | 31,821 | 31,706 | 29,596 | 29,337 | 29,049 | 28,983 |
Retained Earnings | -1,611 | -5,095 | -6,044 | -9,470 | -5,180 | -3,911 |
Comprehensive Income & Other | -939.57 | -829.32 | -1,094 | -974.39 | -848.36 | -599.19 |
Total Common Equity | 29,271 | 25,783 | 22,458 | 18,893 | 23,021 | 24,474 |
Minority Interest | 902.83 | 897.39 | 129.93 | 165.58 | 116.59 | 463.85 |
Shareholders' Equity | 33,244 | 27,737 | 23,669 | 20,124 | 24,185 | 25,896 |
Total Liabilities & Equity | 85,789 | 79,998 | 73,649 | 74,447 | 74,814 | 71,632 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Total Debt | 47,378 | 47,524 | 44,460 | 44,024 | 44,685 | 37,790 |
Net Cash (Debt) | -32,451 | -32,550 | -36,592 | -36,669 | -36,077 | -27,822 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -142.03 | -158.34 | -198.45 | -199.81 | -197.08 | -153.19 |
Filing Date Shares Outstanding | 194.38 | 200.38 | 194.4 | 194.4 | 190.55 | 186.9 |
Total Common Shares Outstanding | 194.38 | 200.38 | 194.4 | 190.55 | 190.55 | 186.9 |
Working Capital | 10,304 | 11,419 | 2,535 | 2,678 | 1,348 | 998.63 |
Book Value Per Share | 150.58 | 128.67 | 115.53 | 99.15 | 120.81 | 130.95 |
Tangible Book Value | 23,879 | 20,306 | 16,069 | 12,296 | 14,874 | 15,480 |
Tangible Book Value Per Share | 122.85 | 101.34 | 82.66 | 64.53 | 78.06 | 82.82 |
Land | - | 847.43 | 868.82 | 850.24 | 3,302 | 1,553 |
Buildings | - | 16,880 | 16,126 | 15,140 | 13,848 | 12,178 |
Machinery | - | 26,713 | 25,046 | 21,594 | 19,777 | 17,853 |
Construction In Progress | - | 5,640 | 6,564 | 8,658 | 10,828 | 7,234 |
Leasehold Improvements | - | 9,169 | 9,103 | 8,706 | 8,444 | 8,231 |