Greentree Hospitality Group Ltd. balance sheet

At the end of fiscal 2025, Greentree Hospitality Group Ltd. had total assets of $684m, total liabilities of $454m and shareholders' equity of $225m. It held $236m in cash against $36.6m of debt: net cash of $200m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Greentree Hospitality Group Ltd.: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	157	25	184	46	94	52	101	108	204	236
Receivables	—	8	9	14	16	15	20	17	14	12
Inventory	—	0	0	0	1	0	3	3	1	1
Total current assets	—	228	356	182	243	287	263	229	251	271
Goodwill	0	0	1	14	15	42	26	25	13	4
Total assets	—	270	448	548	628	732	824	714	678	684
Accounts payable	—	1	1	2	3	4	18	10	8	6
Deferred revenue (current)	—	5	5	33	34	34	28	26	24	24
Total current liabilities	—	102	103	114	133	196	224	189	160	169
Short-term debt	—	—	9	9	23	8	23	0	0	8
Long-term debt	—	—	—	—	—	47	44	8	35	37
Total debt	0	0	9	9	23	111	66	24	35	37
Total liabilities	—	157	207	258	283	412	584	505	473	454
Shareholders' equity	148	113	240	267	322	292	234	203	200	225
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	22	23	29	—	—	—	—
Net debt (negative = net cash)	−157	−25	−175	−37	−71	59	−35	−83	−169	−200

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Greentree Hospitality Group Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Greentree Hospitality Group Ltd.