H World Group Ltd balance sheet

At the end of fiscal 2025, H World Group Ltd had total assets of $9.26bn, total liabilities of $7.41bn and shareholders' equity of $1.83bn. It held $1.49bn in cash against $832m of debt: net cash of $654m.

Balance sheet

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

H World Group Ltd: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	40	161	124	72	130	191	466	534	620	465	1,077	803	519	978	1,024	1,485
Receivables	—	3	6	8	14	15	20	25	28	31	62	82	161	106	112	103
Inventory	—	3	5	6	5	4	3	4	6	8	14	14	10	8	8	8
Total current assets	—	214	187	160	257	442	601	885	1,014	2,622	1,974	1,499	1,331	1,698	1,810	2,493
Goodwill	3	6	7	10	10	17	25	348	383	382	764	805	753	749	715	776
Total assets	—	461	560	695	997	1,188	1,439	2,691	3,490	7,611	9,985	9,928	8,918	8,948	8,570	9,263
Accounts payable	—	43	66	100	103	90	84	118	129	169	190	152	170	144	135	146
Deferred revenue (current)	—	10	22	32	83	109	108	145	146	169	195	214	190	231	250	261
Total current liabilities	—	87	126	185	277	431	427	580	868	2,483	1,614	2,398	1,906	2,452	1,825	2,735
Short-term debt	—	—	—	—	0	50	43	20	138	1,221	175	978	477	570	121	763
Long-term debt	—	—	—	—	—	—	—	756	1,282	1,161	1,664	559	962	178	623	68
Total debt	0	0	0	0	0	50	43	777	1,420	2,382	1,859	1,542	1,441	749	743	832
Total liabilities	—	139	202	295	478	657	659	1,733	2,571	6,533	8,233	8,195	7,641	7,223	6,888	7,410
Shareholders' equity	15	321	357	396	518	530	778	953	898	1,060	1,736	1,716	1,266	1,709	1,668	1,831
Net debt (negative = net cash)	−40	−161	−124	−72	−130	−141	−423	243	800	1,917	783	739	922	−229	−281	−654
Shares outstanding	—	241m	243m	244m	251m	251m	278m	281m	283m	286m	311m	312m	311m	316m	308m	307m

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 H World 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 H World Group Ltd.