Alibaba Group Holding Limited (BABA) Balance Sheet

NYSE: BABAAssets, liabilities, debt and equity over 10 years.

BABA balance sheet, FY2026

March 31, 2026 · Chinese yuan

CN¥1.90T assets = CN¥780.37B liabilities + CN¥1.12T equity

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

BABA financial health

Current ratio1.28

Adequate · current assets cover current liabilities 1.28×

Debt / equity0.25

Low leverage · CN¥0.25 of debt for each $1 of equity

Equity / assets55.6%

Equity-funded · of assets funded by shareholders

Cash / debt138.1%

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

Goodwill & intangibles13.8%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

BABA balance sheet trends, FY2017–FY2026

Alibaba Group Holding Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥506.81BFY2017	CN¥1.90TFY2026	+15.8%/yr
Total liabilities	CN¥182.69BFY2017	CN¥780.37BFY2026	+17.5%/yr
Shareholders’ equity	CN¥324.12BFY2017	CN¥1.06TFY2026	+14.0%/yr
Cash & short-term investments	CN¥150.80BFY2017	CN¥357.59BFY2026	+10.1%/yr
Total debt	CN¥91.73BFY2017	CN¥259.02BFY2026	+12.2%/yr
Net cash (debt)	CN¥59.07BFY2017	CN¥98.57BFY2026	+CN¥39.5B
Working capital	CN¥88.30BFY2017	CN¥133.87BFY2026	+CN¥45.6B
Current ratio	1.94FY2017	1.28FY2026	−0.66
Debt / equity	0.28FY2017	0.25FY2026	−0.04
Shares outstanding	2.57BFY2017	2.40BFY2026	−0.8%/yr

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

BABA assets

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

BABA liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

BABA debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

BABA balance sheet in Chinese yuan

Alibaba Group Holding Limited annual balance sheet
	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Assets
Cash & short-term investments	CN¥357.59B	CN¥464.77B	CN¥571.03B	CN¥524.47B	CN¥455.08B	CN¥483.44B	CN¥363.21B	CN¥203.16B	CN¥210.21B	CN¥150.80B
Cash & equivalents	CN¥172.92B	CN¥181.73B	CN¥248.12B	CN¥193.09B	CN¥189.90B	CN¥321.26B	CN¥330.50B	CN¥189.98B	CN¥199.31B	CN¥143.74B
Short-term investments	CN¥184.67B	CN¥283.04B	CN¥322.90B	CN¥331.38B	CN¥265.19B	CN¥162.18B	CN¥32.71B	CN¥13.19B	CN¥10.90B	CN¥7.07B
Receivables	CN¥36.02B	CN¥76.22B	CN¥38.94B	CN¥41.18B	CN¥45.00B	CN¥37.45B	CN¥30.82B	CN¥21.22B	CN¥15.36B	CN¥8.52B
Inventory	CN¥18.91B	CN¥18.92B	CN¥25.46B	CN¥28.55B	CN¥30.09B	CN¥27.86B	CN¥14.86B	CN¥8.53B	CN¥4.54B	CN¥7.33B
Other current assets	CN¥195.97B	CN¥109.81B	CN¥117.43B	CN¥103.77B	CN¥108.36B	CN¥94.61B	CN¥54.03B	CN¥37.36B	CN¥26.75B	CN¥15.22B
Total current assets	CN¥608.49B	CN¥669.71B	CN¥752.86B	CN¥697.97B	CN¥638.53B	CN¥643.36B	CN¥462.92B	CN¥270.27B	CN¥256.86B	CN¥181.86B
Property, plant & equipment (net)	CN¥281.64B	CN¥249.73B	CN¥262.09B	CN¥176.03B	CN¥171.81B	CN¥147.41B	CN¥103.39B	CN¥92.03B	CN¥66.49B	CN¥20.21B
Goodwill & intangible assets	CN¥263.37B	CN¥276.84B	CN¥286.63B	CN¥315.00B	CN¥328.81B	CN¥363.60B	CN¥337.73B	CN¥333.21B	CN¥198.99B	CN¥145.86B
Long-term investments	CN¥656.75B	CN¥566.99B	CN¥424.07B	CN¥453.12B	CN¥443.25B	CN¥437.41B	CN¥350.96B	CN¥241.54B	CN¥177.89B	CN¥151.82B
Other non-current assets	CN¥92.19B	CN¥43.73B	CN¥39.17B	CN¥110.93B	CN¥113.15B	CN¥98.43B	CN¥57.98B	CN¥28.02B	CN¥16.90B	CN¥7.06B
Total assets	CN¥1.90T	CN¥1.81T	CN¥1.76T	CN¥1.75T	CN¥1.70T	CN¥1.69T	CN¥1.31T	CN¥965.08B	CN¥717.12B	CN¥506.81B
Liabilities
Accounts payable	CN¥358.55B	CN¥28.73B	CN¥127.56B	CN¥103.37B	CN¥107.20B	CN¥94.37B	CN¥67.17B	CN¥51.96B	CN¥40.36B	CN¥20.16B
Short-term debt	CN¥28.12B	CN¥26.55B	CN¥34.87B	CN¥17.93B	CN¥13.84B	CN¥17.51B	CN¥7.92B	CN¥22.47B	CN¥6.03B	CN¥14.90B
Deferred revenue	CN¥77.13B	CN¥68.44B	CN¥72.82B	CN¥84.59B	CN¥81.73B	CN¥77.51B	CN¥51.98B	CN¥41.56B	CN¥31.88B	CN¥23.24B
Total current liabilities	CN¥474.62B	CN¥436.01B	CN¥421.51B	CN¥385.35B	CN¥383.78B	CN¥377.36B	CN¥241.87B	CN¥207.67B	CN¥135.81B	CN¥93.56B
Long-term debt	CN¥231.77B	CN¥208.14B	CN¥141.78B	CN¥149.09B	CN¥132.50B	CN¥135.72B	CN¥120.28B	CN¥111.83B	CN¥119.53B	CN¥76.83B
Lease obligations	CN¥21.73B	CN¥17.41B	CN¥34.84B	CN¥34.22B	CN¥35.25B	CN¥32.29B	CN¥21.86B	CN¥0	CN¥0	CN¥0
Other long-term liabilities	CN¥73.98B	CN¥71.06B	CN¥88.95B	CN¥95.68B	CN¥97.07B	CN¥93.51B	CN¥71.19B	CN¥30.17B	CN¥22.35B	CN¥12.29B
Total liabilities	CN¥780.37B	CN¥715.21B	CN¥652.23B	CN¥630.12B	CN¥613.36B	CN¥606.58B	CN¥433.33B	CN¥349.67B	CN¥277.69B	CN¥182.69B
Shareholders' equity
Common stock & paid-in capital	CN¥996,261	CN¥1.0M	CN¥1.0M	CN¥1.0M	CN¥1.0M	CN¥1.0M	CN¥1.0M	CN¥1.0M	CN¥1.0M	CN¥1.0M
Retained earnings (deficit)	CN¥705.74B	CN¥646.47B	CN¥597.90B	CN¥599.03B	CN¥563.56B	CN¥554.92B	CN¥406.29B	CN¥257.89B	CN¥172.35B	CN¥108.56B
Treasury stock	—	—	—	—	—	—	—	CN¥0	−CN¥2.23B	−CN¥2.82B
Accumulated other comprehensive income	CN¥3.54B	CN¥19.36B	CN¥18.33B	CN¥2.56B	−CN¥23.32B	−CN¥11.72B	CN¥5.46B	CN¥2.64B	CN¥9.10B	CN¥8.54B
Minority interest	CN¥65.38B	CN¥80.25B	CN¥126.06B	CN¥133.26B	—	—	—	CN¥0	CN¥0	CN¥0
Total shareholders' equity	CN¥1.06T	CN¥1.01T	CN¥1.11T	CN¥1.12T	CN¥1.08T	CN¥1.08T	CN¥879.65B	CN¥615.40B	CN¥439.44B	CN¥324.12B
Key figures
Total debt	CN¥259.02B	CN¥248.49B	CN¥205.61B	CN¥161.35B	CN¥141.34B	CN¥149.15B	CN¥125.43B	CN¥134.30B	CN¥125.55B	CN¥91.73B
Net cash (debt)	CN¥98.57B	CN¥216.28B	CN¥365.42B	CN¥363.12B	CN¥313.74B	CN¥334.29B	CN¥237.78B	CN¥68.86B	CN¥84.66B	CN¥59.07B
Working capital	CN¥133.87B	CN¥233.70B	CN¥331.36B	CN¥312.62B	CN¥254.75B	CN¥266.00B	CN¥221.05B	CN¥62.60B	CN¥121.05B	CN¥88.30B
Tangible book value	CN¥793.55B	CN¥734.57B	CN¥825.97B	CN¥807.92B	CN¥753.38B	CN¥720.03B	CN¥541.92B	CN¥282.19B	CN¥240.45B	CN¥178.26B
Shares outstanding	2.40B	2.41B	2.54B	2.64B	2.72B	2.75B	2.67B	2.62B	2.57B	2.57B
Current ratio	1.28	1.54	1.79	1.81	1.66	1.70	1.91	1.30	1.89	1.94
Quick ratio	0.83	1.24	1.45	1.47	1.30	1.38	1.63	1.08	1.66	1.70
Debt / equity	0.25	0.25	0.18	0.14	0.13	0.14	0.14	0.22	0.29	0.28
Equity / assets	55.6%	56.0%	63.0%	64.1%	63.8%	64.1%	67.0%	63.8%	61.3%	64.0%

Alibaba Group Holding 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¥428.43B	CN¥357.59B	CN¥380.70B	CN¥373.57B	CN¥416.42B	CN¥464.77B	CN¥453.28B	CN¥388.79B	CN¥448.92B	CN¥495.06B	CN¥601.95B	CN¥614.40B
Cash & equivalents	CN¥185.56B	CN¥172.92B	CN¥170.63B	CN¥135.07B	CN¥183.12B	CN¥181.73B	CN¥162.78B	CN¥182.99B	CN¥219.17B	CN¥248.12B	CN¥279.05B	CN¥254.80B
Short-term investments	CN¥242.87B	CN¥184.67B	CN¥210.07B	CN¥238.50B	CN¥233.29B	CN¥283.04B	CN¥290.49B	CN¥205.80B	CN¥229.76B	CN¥322.90B	CN¥322.90B	CN¥359.60B
Receivables	CN¥0	CN¥36.02B	CN¥0	CN¥232.67B	CN¥228.20B	CN¥76.22B	CN¥181.38B	CN¥174.83B	CN¥158.62B	CN¥30.69B	CN¥38.94B	CN¥152.72B
Inventory	CN¥0	CN¥18.91B	CN¥0	CN¥0	CN¥0	CN¥18.92B	CN¥0	CN¥0	CN¥0	CN¥25.46B	CN¥25.46B	−CN¥112.59B
Other current assets	CN¥296.68B	CN¥195.97B	CN¥231.91B	CN¥40.37B	CN¥41.46B	CN¥109.81B	CN¥43.18B	CN¥45.48B	CN¥46.14B	CN¥201.65B	CN¥80.03B	CN¥152.72B
Total current assets	CN¥725.11B	CN¥608.49B	CN¥612.61B	CN¥646.62B	CN¥686.07B	CN¥669.71B	CN¥677.84B	CN¥609.10B	CN¥653.69B	CN¥752.86B	CN¥746.38B	CN¥807.24B
Property, plant & equipment (net)	CN¥312.61B	CN¥281.64B	CN¥254.64B	CN¥246.54B	CN¥220.84B	CN¥249.73B	CN¥226.83B	CN¥207.92B	CN¥194.22B	CN¥273.43B	CN¥273.43B	CN¥181.61B
Goodwill & intangible assets	CN¥259.25B	CN¥263.37B	CN¥264.23B	CN¥274.98B	CN¥275.70B	CN¥276.84B	CN¥276.61B	CN¥282.53B	CN¥284.99B	CN¥298.70B	CN¥298.70B	CN¥287.88B
Long-term investments	CN¥546.23B	CN¥656.75B	CN¥649.22B	CN¥618.82B	CN¥571.19B	CN¥566.99B	CN¥556.88B	CN¥547.21B	CN¥534.81B	CN¥424.07B	CN¥429.20B	CN¥456.11B
Other non-current assets	CN¥119.61B	CN¥92.19B	CN¥98.81B	CN¥96.93B	CN¥93.28B	CN¥43.73B	CN¥116.79B	CN¥115.96B	CN¥117.34B	CN¥15.76B	CN¥17.11B	CN¥88.13B
Total assets	CN¥1.96T	CN¥1.90T	CN¥1.88T	CN¥1.88T	CN¥1.85T	CN¥1.81T	CN¥1.85T	CN¥1.76T	CN¥1.79T	CN¥1.76T	CN¥1.76T	CN¥1.82T
Liabilities
Accounts payable	CN¥412.91B	CN¥358.55B	CN¥351.52B	—	CN¥371.54B	CN¥28.73B	CN¥340.32B	CN¥322.48B	CN¥339.31B	CN¥339.28B	CN¥18.38B	CN¥315.24B
Short-term debt	CN¥30.62B	CN¥28.12B	CN¥24.67B	CN¥26.29B	CN¥24.58B	CN¥26.55B	CN¥21.45B	CN¥32.72B	CN¥29.91B	CN¥29.91B	CN¥34.87B	CN¥26.35B
Deferred revenue	CN¥79.47B	CN¥77.13B	CN¥72.43B	CN¥71.49B	CN¥68.48B	CN¥68.44B	CN¥81.16B	CN¥81.29B	CN¥86.83B	CN¥74.38B	CN¥72.82B	CN¥96.14B
Total current liabilities	CN¥532.45B	CN¥474.62B	CN¥460.10B	CN¥444.14B	CN¥473.63B	CN¥436.01B	CN¥457.36B	CN¥444.87B	CN¥462.89B	CN¥421.51B	CN¥421.51B	CN¥448.75B
Long-term debt	CN¥235.92B	CN¥231.77B	CN¥238.09B	CN¥255.31B	CN¥207.51B	CN¥208.14B	CN¥210.07B	CN¥169.54B	CN¥178.03B	CN¥141.78B	CN¥139.57B	CN¥158.56B
Lease obligations	—	CN¥21.73B	—	—	—	CN¥17.41B	—	—	—	CN¥34.84B	—	—
Other long-term liabilities	CN¥80.15B	CN¥73.98B	CN¥74.67B	CN¥72.65B	CN¥72.62B	CN¥71.06B	CN¥92.73B	CN¥90.43B	CN¥90.78B	CN¥88.95B	CN¥91.15B	CN¥71.22B
Total liabilities	CN¥848.52B	CN¥780.37B	CN¥772.86B	CN¥772.10B	CN¥753.77B	CN¥715.21B	CN¥760.17B	CN¥704.83B	CN¥731.69B	CN¥652.23B	CN¥652.23B	CN¥678.54B
Shareholders' equity
Common stock & paid-in capital	CN¥1.0M	CN¥996,261	CN¥1.0M	CN¥1.0M	CN¥1.0M	CN¥1.0M	CN¥1.0M	CN¥1.0M	CN¥1.0M	CN¥1.0M	CN¥1.0M	CN¥1.0M
Retained earnings (deficit)	CN¥702.16B	CN¥705.74B	CN¥683.26B	CN¥666.78B	CN¥647.54B	CN¥646.47B	CN¥652.32B	CN¥593.61B	CN¥564.74B	CN¥597.90B	CN¥597.90B	CN¥617.02B
Accumulated other comprehensive income	−CN¥3.25B	CN¥3.54B	CN¥10.20B	CN¥14.72B	CN¥15.85B	CN¥19.36B	CN¥5.07B	CN¥16.35B	CN¥19.50B	CN¥19.50B	CN¥18.33B	CN¥14.96B
Minority interest	CN¥64.86B	CN¥65.38B	CN¥66.27B	CN¥79.29B	CN¥79.65B	—	—	—	—	—	—	—
Total shareholders' equity	CN¥1.05T	CN¥1.06T	CN¥1.04T	CN¥1.03T	CN¥1.01T	CN¥1.01T	CN¥1.00T	CN¥953.92B	CN¥938.02B	CN¥986.54B	CN¥986.54B	CN¥1.01T
Key figures
Total debt	CN¥266.62B	CN¥259.02B	CN¥262.91B	CN¥281.59B	CN¥232.10B	CN¥248.49B	CN¥231.53B	CN¥202.26B	CN¥207.94B	CN¥207.94B	CN¥205.61B	CN¥165.93B
Net cash (debt)	CN¥161.81B	CN¥98.57B	CN¥117.79B	CN¥91.98B	CN¥184.32B	CN¥216.28B	CN¥221.75B	CN¥186.53B	CN¥240.99B	CN¥287.13B	CN¥396.34B	CN¥448.47B
Working capital	CN¥192.67B	CN¥133.87B	CN¥152.50B	CN¥202.48B	CN¥212.44B	CN¥233.70B	CN¥220.48B	CN¥164.23B	CN¥190.80B	CN¥331.36B	CN¥324.88B	CN¥358.49B
Tangible book value	CN¥790.16B	CN¥793.55B	CN¥776.09B	CN¥757.51B	CN¥737.97B	CN¥734.57B	CN¥724.52B	CN¥671.40B	CN¥653.03B	CN¥687.84B	CN¥687.84B	CN¥722.71B
Shares outstanding	2.42B	2.40B	2.41B	2.40B	2.39B	2.39B	2.40B	2.45B	2.45B	2.43B	2.54B	2.54B
Current ratio	1.36	1.28	1.33	1.46	1.45	1.54	1.48	1.37	1.41	1.79	1.77	1.80
Quick ratio	0.80	0.83	0.83	1.36	1.36	1.24	1.39	1.27	1.31	1.25	1.52	1.71
Debt / equity	0.25	0.25	0.25	0.27	0.23	0.25	0.23	0.21	0.22	0.21	0.21	0.16
Equity / assets	53.5%	55.6%	55.4%	54.8%	54.9%	56.0%	54.0%	54.1%	52.5%	55.9%	55.9%	55.5%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed May 20, 2026); data from EODHD.

BABA financial position

At the end of fiscal 2026 (March 31, 2026), Alibaba had total assets of CN¥1.90 trillion (up 5.3% from a year earlier), total liabilities of CN¥780.4 billion and shareholders' equity of CN¥1.06 trillion. It held CN¥357.6 billion in cash and short-term investments against CN¥259.0 billion of debt, a net cash position of CN¥98.6 billion. Its current ratio was 1.28. In the latest quarter (ended June 30, 2026) total assets were CN¥1.96 trillion and equity CN¥1.05 trillion.

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

BABA balance sheet FAQ

What are Alibaba's total assets?

Alibaba reported total assets of CN¥1.90 trillion at the end of fiscal 2026 (March 31, 2026), compared with CN¥1.81 trillion a year earlier.

How much debt does Alibaba have?

Alibaba had CN¥259.0 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.25.

How much cash does Alibaba have?

Alibaba held CN¥357.6 billion in cash and short-term investments at the end of fiscal 2026; with CN¥259.0 billion of debt that is net cash of CN¥98.6 billion.

What is Alibaba's book value?

Alibaba's shareholders' equity (book value) was CN¥1.06 trillion at the end of fiscal 2026.

What is Alibaba's current ratio?

Alibaba had current assets of CN¥608.5 billion and current liabilities of CN¥474.6 billion, a current ratio of 1.28 (it can cover its short-term obligations).

How much goodwill does Alibaba have?

Alibaba carried CN¥263.4 billion of goodwill and intangible assets, 13.8% of total assets, at the end of fiscal 2026.