Atour Lifestyle Holdings Limited (ATAT) Balance Sheet

NASDAQ: ATATAssets, liabilities, debt and equity over 7 years.

ATAT balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥9.17B assets = CN¥5.59B liabilities + CN¥3.58B equity

Both columns are drawn to the same scale: what ATAT owns equals what it owes plus shareholders’ equity. Hover a block for its value.

ATAT financial health

Current ratio1.97

Comfortable · current assets cover current liabilities 1.97×

Debt / equity0.42

Low leverage · CN¥0.42 of debt for each $1 of equity

Equity / assets39.2%

Balanced · of assets funded by shareholders

Cash / debt384.7%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.2%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

ATAT balance sheet trends, 2019–2025

Atour Lifestyle Holdings Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥1.65B2019	CN¥9.17B2025	+33.1%/yr
Total liabilities	CN¥1.95B2019	CN¥5.59B2025	+19.2%/yr
Shareholders’ equity	−CN¥295.3M2019	CN¥3.60B2025	—
Cash & short-term investments	CN¥775.6M2019	CN¥5.87B2025	+40.1%/yr
Total debt	CN¥72.6M2019	CN¥1.53B2025	+66.1%/yr
Net cash (debt)	CN¥703.0M2019	CN¥4.34B2025	+CN¥3.6B
Working capital	CN¥286.3M2019	CN¥3.63B2025	+CN¥3.3B
Current ratio	1.422019	1.972025	+0.55
Debt / equity	0.212020	0.422025	+0.21
Shares outstanding	130.4M2019	139.8M2025	+1.2%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

ATAT assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

ATAT liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

ATAT debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

ATAT balance sheet in Chinese yuan

Atour Lifestyle Holdings Limited annual balance sheet
	2025	2024	2023	2022	2021	2020	2019
Assets
Cash & short-term investments	CN¥5.87B	CN¥4.88B	CN¥3.59B	CN¥1.75B	CN¥1.04B	CN¥830.2M	CN¥775.6M
Cash & equivalents	CN¥3.31B	CN¥3.62B	CN¥2.84B	CN¥1.59B	CN¥1.04B	CN¥824.5M	CN¥763.2M
Short-term investments	CN¥2.56B	CN¥1.27B	CN¥751.8M	CN¥157.8M	CN¥2.9M	CN¥5.7M	CN¥12.4M
Receivables	CN¥534.1M	CN¥583.8M	CN¥485.4M	CN¥186.3M	CN¥284.9M	CN¥143.6M	CN¥134.5M
Inventory	CN¥279.0M	CN¥167.4M	CN¥119.1M	CN¥57.5M	CN¥58.6M	CN¥54.2M	CN¥14.6M
Other current assets	CN¥676.4M	CN¥80.0M	CN¥44.5M	CN¥133.9M	CN¥34.2M	CN¥141.9M	CN¥38.3M
Total current assets	CN¥7.36B	CN¥5.72B	CN¥4.24B	CN¥2.12B	CN¥1.42B	CN¥1.17B	CN¥963.0M
Property, plant & equipment (net)	CN¥1.34B	CN¥1.72B	CN¥1.98B	CN¥2.29B	CN¥439.5M	CN¥467.4M	CN¥424.5M
Goodwill & intangible assets	CN¥22.2M	CN¥23.8M	CN¥21.7M	CN¥23.0M	CN¥21.3M	CN¥20.8M	CN¥20.5M
Long-term investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current assets	CN¥456.3M	CN¥422.7M	CN¥344.2M	CN¥322.1M	CN¥368.2M	CN¥327.6M	CN¥240.5M
Total assets	CN¥9.17B	CN¥7.88B	CN¥6.59B	CN¥4.76B	CN¥2.25B	CN¥1.99B	CN¥1.65B
Liabilities
Accounts payable	CN¥822.5M	CN¥693.8M	CN¥594.5M	CN¥184.9M	CN¥161.3M	CN¥89.5M	CN¥80.9M
Short-term debt	CN¥480.5M	CN¥351.0M	CN¥365.7M	CN¥491.6M	CN¥65.8M	CN¥90.3M	CN¥44.3M
Deferred revenue	CN¥701.6M	CN¥454.0M	CN¥406.1M	CN¥203.0M	CN¥233.7M	CN¥186.8M	CN¥172.0M
Total current liabilities	CN¥3.73B	CN¥2.83B	CN¥2.38B	CN¥1.35B	CN¥1.05B	CN¥898.5M	CN¥676.7M
Long-term debt	CN¥2.0M	CN¥2.0M	CN¥2.0M	CN¥2.0M	CN¥43.6M	CN¥31.2M	CN¥28.3M
Lease obligations	CN¥1.27B	CN¥1.67B	CN¥1.88B	CN¥2.12B	CN¥0	—	—
Other long-term liabilities	CN¥1.86B	CN¥2.10B	CN¥2.15B	CN¥2.23B	CN¥585.5M	CN¥490.3M	CN¥1.24B
Total liabilities	CN¥5.59B	CN¥4.93B	CN¥4.53B	CN¥3.57B	CN¥1.68B	CN¥1.42B	CN¥1.95B
Shareholders' equity
Common stock & paid-in capital	CN¥302,192	CN¥301,000	CN¥300,000	CN¥285,000	CN¥274,000	CN¥130,000	CN¥173,000
Retained earnings (deficit)	CN¥2.20B	CN¥1.35B	CN¥507.2M	−CN¥78.3M	−CN¥176.4M	−CN¥306.3M	−CN¥295.5M
Accumulated other comprehensive income	−CN¥34.3M	CN¥1.4M	CN¥4.8M	−CN¥10.9M	−CN¥8.9M	—	—
Minority interest	−CN¥12.7M	−CN¥10.3M	−CN¥8.0M	−CN¥9.9M	—	—	—
Total shareholders' equity	CN¥3.60B	CN¥2.96B	CN¥2.07B	CN¥1.20B	CN¥579.4M	CN¥575.2M	−CN¥295.3M
Key figures
Total debt	CN¥1.53B	CN¥1.73B	CN¥1.95B	CN¥2.30B	CN¥109.4M	CN¥121.4M	CN¥72.6M
Net cash (debt)	CN¥4.34B	CN¥3.15B	CN¥1.64B	−CN¥552.0M	CN¥929.1M	CN¥708.8M	CN¥703.0M
Working capital	CN¥3.63B	CN¥2.89B	CN¥1.86B	CN¥777.0M	CN¥364.8M	CN¥271.4M	CN¥286.3M
Tangible book value	CN¥3.57B	CN¥2.93B	CN¥2.05B	CN¥1.17B	CN¥558.2M	CN¥554.5M	−CN¥315.8M
Shares outstanding	139.8M	139.1M	138.3M	129.6M	130.4M	130.4M	130.4M
Current ratio	1.97	2.02	1.78	1.58	1.35	1.30	1.42
Quick ratio	1.72	1.93	1.71	1.43	1.26	1.08	1.34
Debt / equity	0.42	0.59	0.94	1.92	0.19	0.21	—
Equity / assets	39.2%	37.5%	31.4%	25.1%	25.8%	29.0%	−17.9%

Atour Lifestyle Holdings Limited quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	CN¥5.72B	CN¥5.74B	CN¥5.87B	CN¥5.74B	CN¥5.20B	CN¥4.88B	CN¥4.88B	CN¥4.31B	CN¥4.33B	CN¥3.76B	CN¥3.59B	CN¥2.98B
Cash & equivalents	CN¥3.93B	CN¥3.67B	CN¥3.31B	CN¥2.67B	CN¥2.72B	CN¥3.15B	CN¥3.62B	CN¥2.74B	CN¥3.32B	CN¥3.05B	CN¥2.84B	CN¥2.20B
Short-term investments	CN¥1.80B	CN¥2.07B	CN¥2.56B	CN¥3.07B	CN¥2.49B	CN¥1.74B	CN¥1.27B	CN¥1.57B	CN¥1.01B	CN¥711.5M	CN¥751.8M	CN¥783.9M
Receivables	CN¥613.4M	CN¥553.1M	CN¥534.1M	CN¥458.3M	CN¥416.9M	CN¥351.7M	CN¥583.8M	CN¥297.0M	CN¥288.7M	CN¥516.4M	CN¥277.7M	CN¥261.3M
Inventory	CN¥174.0M	CN¥209.7M	CN¥279.0M	CN¥158.7M	CN¥151.6M	CN¥157.7M	CN¥167.4M	CN¥139.2M	CN¥160.9M	CN¥105.7M	CN¥119.1M	CN¥113.7M
Other current assets	CN¥601.6M	CN¥463.7M	CN¥676.4M	CN¥475.3M	CN¥404.6M	CN¥338.4M	CN¥80.0M	CN¥323.3M	CN¥264.4M	CN¥53.7M	CN¥252.2M	CN¥246.3M
Total current assets	CN¥7.11B	CN¥6.96B	CN¥7.36B	CN¥6.83B	CN¥6.18B	CN¥5.73B	CN¥5.72B	CN¥5.07B	CN¥5.05B	CN¥4.44B	CN¥4.24B	CN¥3.60B
Property, plant & equipment (net)	CN¥1.10B	CN¥1.17B	CN¥1.34B	CN¥1.65B	CN¥1.71B	CN¥1.73B	CN¥1.72B	CN¥1.70B	CN¥1.82B	CN¥1.94B	CN¥1.98B	CN¥2.04B
Goodwill & intangible assets	CN¥21.2M	CN¥21.5M	CN¥22.2M	CN¥22.6M	CN¥23.0M	CN¥23.4M	CN¥23.8M	CN¥22.2M	CN¥21.4M	CN¥21.7M	CN¥21.7M	CN¥22.1M
Long-term investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current assets	CN¥455.4M	CN¥450.9M	CN¥456.3M	CN¥450.8M	CN¥443.0M	CN¥426.6M	CN¥422.7M	CN¥414.1M	CN¥396.7M	CN¥360.7M	CN¥344.2M	CN¥305.7M
Total assets	CN¥8.69B	CN¥8.60B	CN¥9.17B	CN¥8.95B	CN¥8.36B	CN¥7.92B	CN¥7.88B	CN¥7.21B	CN¥7.29B	CN¥6.76B	CN¥6.59B	CN¥5.97B
Liabilities
Accounts payable	CN¥1.03B	CN¥592.4M	CN¥822.5M	CN¥772.5M	CN¥786.4M	CN¥509.3M	CN¥693.8M	CN¥564.1M	CN¥669.9M	CN¥443.5M	CN¥594.5M	CN¥410.3M
Short-term debt	CN¥496.0M	CN¥497.5M	CN¥480.5M	CN¥348.0M	CN¥355.9M	CN¥382.5M	CN¥351.0M	CN¥386.2M	CN¥400.5M	CN¥406.1M	CN¥365.7M	CN¥372.0M
Deferred revenue	CN¥491.1M	CN¥507.0M	CN¥701.6M	CN¥486.4M	CN¥467.4M	CN¥406.7M	CN¥454.0M	CN¥414.4M	CN¥437.1M	CN¥381.8M	CN¥406.1M	CN¥334.6M
Total current liabilities	CN¥3.68B	CN¥3.21B	CN¥3.73B	CN¥3.17B	CN¥2.94B	CN¥2.51B	CN¥2.83B	CN¥2.57B	CN¥2.54B	CN¥2.29B	CN¥2.38B	CN¥2.03B
Long-term debt	CN¥2.0M	CN¥2.0M	CN¥2.0M	CN¥2.0M	CN¥2.0M	CN¥2.0M	CN¥2.0M	CN¥2.0M	CN¥2.0M	CN¥2.0M	CN¥2.0M	CN¥2.0M
Lease obligations	CN¥1.06B	CN¥1.13B	CN¥1.27B	CN¥1.58B	CN¥1.63B	CN¥1.69B	CN¥1.67B	CN¥1.64B	CN¥1.73B	CN¥1.84B	CN¥1.88B	CN¥1.92B
Other long-term liabilities	CN¥1.64B	CN¥1.73B	CN¥1.86B	CN¥2.09B	CN¥2.13B	CN¥2.13B	CN¥2.10B	CN¥2.05B	CN¥2.08B	CN¥2.14B	CN¥2.15B	CN¥2.14B
Total liabilities	CN¥5.32B	CN¥4.93B	CN¥5.59B	CN¥5.26B	CN¥5.07B	CN¥4.63B	CN¥4.93B	CN¥4.62B	CN¥4.62B	CN¥4.43B	CN¥4.53B	CN¥4.18B
Shareholders' equity
Common stock & paid-in capital	CN¥294,101	CN¥296,886	CN¥302,192	CN¥302,000	CN¥302,000	CN¥301,000	CN¥301,000	CN¥301,000	CN¥314,000	CN¥300,000	CN¥300,000	CN¥300,000
Retained earnings (deficit)	CN¥2.72B	CN¥2.65B	CN¥2.20B	CN¥2.07B	CN¥1.60B	CN¥1.59B	CN¥1.35B	CN¥1.02B	CN¥1.07B	CN¥764.4M	CN¥507.2M	CN¥287.2M
Accumulated other comprehensive income	−CN¥59.8M	−CN¥42.6M	−CN¥34.3M	−CN¥28.4M	−CN¥23.4M	−CN¥8.0M	CN¥1.4M	−CN¥16.3M	CN¥17.9M	CN¥12.3M	CN¥4.8M	CN¥15.1M
Minority interest	−CN¥12.3M	−CN¥12.5M	−CN¥12.7M	−CN¥8.2M	−CN¥8.8M	—	—	—	—	—	—	—
Total shareholders' equity	CN¥3.37B	CN¥3.68B	CN¥3.60B	CN¥3.70B	CN¥3.30B	CN¥3.29B	CN¥2.96B	CN¥2.60B	CN¥2.67B	CN¥2.34B	CN¥2.07B	CN¥1.80B
Key figures
Total debt	CN¥1.30B	CN¥1.36B	CN¥1.53B	CN¥1.64B	CN¥1.70B	CN¥1.76B	CN¥1.73B	CN¥1.73B	CN¥1.83B	CN¥1.93B	CN¥1.95B	CN¥1.99B
Net cash (debt)	CN¥4.43B	CN¥4.37B	CN¥4.34B	CN¥4.09B	CN¥3.51B	CN¥3.13B	CN¥3.15B	CN¥2.58B	CN¥2.51B	CN¥1.83B	CN¥1.64B	CN¥994.1M
Working capital	CN¥3.43B	CN¥3.76B	CN¥3.63B	CN¥3.66B	CN¥3.24B	CN¥3.23B	CN¥2.89B	CN¥2.50B	CN¥2.51B	CN¥2.14B	CN¥1.86B	CN¥1.57B
Tangible book value	CN¥3.35B	CN¥3.66B	CN¥3.57B	CN¥3.68B	CN¥3.27B	CN¥3.27B	CN¥2.93B	CN¥2.58B	CN¥2.65B	CN¥2.31B	CN¥2.05B	CN¥1.78B
Shares outstanding	136.8M	138.6M	139.5M	140.1M	139.9M	139.6M	139.7M	138.8M	138.8M	138.7M	138.7M	138.7M
Current ratio	1.93	2.17	1.97	2.16	2.10	2.29	2.02	1.97	1.99	1.93	1.78	1.77
Quick ratio	1.72	1.96	1.72	1.96	1.91	2.09	1.93	1.79	1.82	1.86	1.63	1.60
Debt / equity	0.38	0.37	0.42	0.44	0.52	0.53	0.59	0.67	0.68	0.83	0.94	1.10
Equity / assets	38.8%	42.8%	39.2%	41.3%	39.5%	41.6%	37.5%	36.1%	36.6%	34.6%	31.4%	30.2%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 17, 2026); data from EODHD.

ATAT financial position

At the end of fiscal 2025 (December 31, 2025), Atour Lifestyle had total assets of CN¥9.2 billion (up 16.4% from a year earlier), total liabilities of CN¥5.6 billion and shareholders' equity of CN¥3.6 billion. It held CN¥5.9 billion in cash and short-term investments against CN¥1.5 billion of debt, a net cash position of CN¥4.3 billion. Its current ratio was 1.97. In the latest quarter (ended June 30, 2026) total assets were CN¥8.7 billion and equity CN¥3.4 billion.

Related: ATAT income statement, ATAT cash flow statement, ATAT key metrics. See the ATAT stock overview for the latest quote and news.

ATAT balance sheet FAQ

What are Atour Lifestyle's total assets?

Atour Lifestyle reported total assets of CN¥9.2 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥7.9 billion a year earlier.

How much debt does Atour Lifestyle have?

Atour Lifestyle had CN¥1.5 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.42.

How much cash does Atour Lifestyle have?

Atour Lifestyle held CN¥5.9 billion in cash and short-term investments at the end of fiscal 2025; with CN¥1.5 billion of debt that is net cash of CN¥4.3 billion.

What is Atour Lifestyle's book value?

Atour Lifestyle's shareholders' equity (book value) was CN¥3.6 billion at the end of fiscal 2025.

What is Atour Lifestyle's current ratio?

Atour Lifestyle had current assets of CN¥7.4 billion and current liabilities of CN¥3.7 billion, a current ratio of 1.97 (it can cover its short-term obligations).

How much goodwill does Atour Lifestyle have?

Atour Lifestyle carried CN¥22.2 million of goodwill and intangible assets, 0.2% of total assets, at the end of fiscal 2025.