HUYA Inc (HUYA) Balance Sheet

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

HUYA balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥6.71B assets = CN¥1.78B liabilities + CN¥4.92B equity

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

HUYA financial health

Current ratio2.84

Comfortable · current assets cover current liabilities 2.84×

Debt / equity0.00

Low leverage · CN¥0.00 of debt for each $1 of equity

Equity / assets73.4%

Equity-funded · of assets funded by shareholders

Cash / debt18,461.8%

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

Goodwill & intangibles8.7%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

HUYA balance sheet trends, 2016–2025

HUYA Inc balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥167.2M2016	CN¥6.71B2025	+50.7%/yr
Total liabilities	CN¥331.6M2016	CN¥1.78B2025	+20.5%/yr
Shareholders’ equity	−CN¥164.4M2016	CN¥4.92B2025	—
Cash & short-term investments	CN¥101.2M2016	CN¥3.83B2025	+49.8%/yr
Total debt	CN¥249.5M2016	CN¥20.8M2025	−24.1%/yr
Net cash (debt)	−CN¥148.3M2016	CN¥3.81B2025	+CN¥4.0B
Working capital	−CN¥163.8M2016	CN¥3.18B2025	+CN¥3.3B
Current ratio	0.492016	2.842025	+2.35
Debt / equity	0.722017	0.002025	−0.71
Shares outstanding	110.6M2016	228.8M2025	+8.4%/yr

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

HUYA assets

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

HUYA liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

HUYA debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

HUYA balance sheet in Chinese yuan

HUYA Inc annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	CN¥3.83B	CN¥5.26B	CN¥7.36B	CN¥9.72B	CN¥10.96B	CN¥10.47B	CN¥10.08B	CN¥5.99B	CN¥1.04B	CN¥101.2M
Cash & equivalents	CN¥705.1M	CN¥1.19B	CN¥512.0M	CN¥694.1M	CN¥1.79B	CN¥3.29B	CN¥1.11B	CN¥709.0M	CN¥442.5M	CN¥6.2M
Short-term investments	CN¥3.13B	CN¥4.08B	CN¥6.85B	CN¥9.02B	CN¥9.17B	CN¥7.18B	CN¥8.96B	CN¥5.28B	CN¥593.2M	CN¥95.0M
Receivables	CN¥238.7M	CN¥76.0M	CN¥211.8M	CN¥143.9M	CN¥224.1M	CN¥135.7M	CN¥113.6M	CN¥281.2M	CN¥148.7M	CN¥5.4M
Inventory	CN¥0	CN¥0	CN¥18.1M	−CN¥9.08B	CN¥55.7M	CN¥164.9M	CN¥1.4M	CN¥307.8M	CN¥62.3M	CN¥48.5M
Other current assets	CN¥838.4M	CN¥748.3M	CN¥557.5M	CN¥9.72B	CN¥677.4M	CN¥495.5M	CN¥400.6M	CN¥13.2M	CN¥3.5M	CN¥981,000
Total current assets	CN¥4.91B	CN¥6.09B	CN¥8.15B	CN¥10.50B	CN¥11.92B	CN¥11.27B	CN¥10.59B	CN¥6.60B	CN¥1.25B	CN¥156.1M
Property, plant & equipment (net)	CN¥909.0M	CN¥823.5M	CN¥705.8M	CN¥546.0M	CN¥475.0M	CN¥182.0M	CN¥199.5M	CN¥87.4M	CN¥32.3M	CN¥6.3M
Goodwill & intangible assets	CN¥581.5M	CN¥617.0M	CN¥618.7M	CN¥656.5M	CN¥83.9M	CN¥62.8M	CN¥45.1M	CN¥52.0M	CN¥5.6M	CN¥4.9M
Long-term investments	CN¥296.2M	CN¥440.8M	CN¥751.8M	CN¥906.2M	CN¥608.6M	CN¥467.2M	CN¥379.4M	CN¥219.8M	CN¥10.3M	CN¥0
Other non-current assets	CN¥9.0M	CN¥1.60B	CN¥2.70B	CN¥1.18B	CN¥171.1M	CN¥427.8M	CN¥150.7M	CN¥151.8M	CN¥2.0M	CN¥0
Total assets	CN¥6.71B	CN¥9.57B	CN¥12.92B	CN¥13.79B	CN¥13.25B	CN¥12.41B	CN¥11.37B	CN¥7.11B	CN¥1.30B	CN¥167.2M
Liabilities
Accounts payable	CN¥238.1M	CN¥66.6M	CN¥15.0M	CN¥22.5M	CN¥12.6M	CN¥10.1M	CN¥3.7M	CN¥9.2M	CN¥5.8M	CN¥2.7M
Short-term debt	CN¥19.0M	CN¥28.6M	CN¥31.8M	CN¥29.8M	CN¥36.5M	CN¥29.2M	CN¥31.9M	CN¥0	CN¥408.7M	CN¥249.5M
Deferred revenue	CN¥228.3M	CN¥307.0M	CN¥431.1M	CN¥482.8M	CN¥501.4M	CN¥536.8M	CN¥846.0M	CN¥483.8M	CN¥247.4M	CN¥56.7M
Total current liabilities	CN¥1.73B	CN¥1.94B	CN¥2.16B	CN¥2.26B	CN¥2.58B	CN¥2.38B	CN¥2.45B	CN¥1.38B	CN¥685.6M	CN¥319.9M
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥20.7M	CN¥48.6M	CN¥79.9M	CN¥38.4M	CN¥81.6M	CN¥86.8M	CN¥102.0M	CN¥0	CN¥0	CN¥0
Other long-term liabilities	CN¥52.6M	CN¥79.2M	CN¥138.2M	CN¥127.9M	CN¥168.7M	CN¥249.1M	CN¥235.0M	CN¥80.7M	CN¥45.0M	CN¥11.7M
Total liabilities	CN¥1.78B	CN¥2.02B	CN¥2.30B	CN¥2.38B	CN¥2.74B	CN¥2.63B	CN¥2.68B	CN¥1.46B	CN¥730.7M	CN¥331.6M
Shareholders' equity
Common stock & paid-in capital	CN¥152,096	CN¥150,000	CN¥159,000	CN¥158,000	CN¥157,000	CN¥155,000	CN¥144,000	CN¥133,000	CN¥81,000	CN¥0
Retained earnings (deficit)	−CN¥2.22B	−CN¥1.98B	−CN¥2.05B	−CN¥1.73B	−CN¥1.30B	−CN¥1.88B	−CN¥1.99B	−CN¥2.42B	−CN¥81.0M	−CN¥164.4M
Treasury stock	—	—	—	—	—	—	CN¥0	CN¥0	CN¥0	CN¥0
Accumulated other comprehensive income	CN¥801.4M	CN¥770.0M	CN¥883.0M	CN¥638.1M	CN¥46.1M	CN¥194.7M	CN¥588.8M	CN¥401.2M	CN¥308,000	−CN¥10.6M
Minority interest	—	—	—	—	—	—	CN¥0	CN¥0	CN¥0	CN¥0
Total shareholders' equity	CN¥4.92B	CN¥7.55B	CN¥10.62B	CN¥11.41B	CN¥10.51B	CN¥9.78B	CN¥8.68B	CN¥5.65B	CN¥569.9M	−CN¥164.4M
Key figures
Total debt	CN¥20.8M	CN¥48.6M	CN¥79.9M	CN¥38.4M	CN¥81.6M	CN¥86.8M	CN¥102.0M	CN¥0	CN¥408.7M	CN¥249.5M
Net cash (debt)	CN¥3.81B	CN¥5.22B	CN¥7.28B	CN¥9.68B	CN¥10.88B	CN¥10.39B	CN¥9.97B	CN¥5.99B	CN¥627.0M	−CN¥148.3M
Working capital	CN¥3.18B	CN¥4.15B	CN¥5.99B	CN¥8.25B	CN¥9.34B	CN¥8.89B	CN¥8.15B	CN¥5.21B	CN¥564.7M	−CN¥163.8M
Tangible book value	CN¥4.34B	CN¥6.93B	CN¥10.01B	CN¥10.75B	CN¥10.43B	CN¥9.71B	CN¥8.64B	CN¥5.59B	CN¥564.2M	−CN¥169.3M
Shares outstanding	228.8M	231.5M	243.0M	241.4M	241.8M	238.6M	232.0M	166.8M	100.0M	110.6M
Current ratio	2.84	3.14	3.77	4.66	4.63	4.73	4.33	4.78	1.82	0.49
Quick ratio	2.35	2.76	3.50	4.37	4.34	4.45	4.16	4.55	1.73	0.33
Debt / equity	0.00	0.01	0.01	0.00	0.01	0.01	0.01	0.00	0.72	—
Equity / assets	73.4%	78.9%	82.2%	82.7%	79.3%	78.8%	76.4%	79.4%	43.8%	−98.3%

HUYA Inc 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¥2.45B	CN¥3.25B	CN¥3.83B	CN¥3.77B	CN¥3.51B	CN¥5.26B	CN¥5.26B	CN¥6.57B	CN¥6.58B	CN¥7.18B	CN¥7.18B	CN¥8.48B
Cash & equivalents	CN¥322.2M	CN¥390.5M	CN¥705.1M	CN¥725.8M	CN¥499.3M	CN¥297.1M	CN¥1.19B	CN¥1.10B	CN¥1.01B	CN¥542.1M	CN¥542.1M	CN¥825.6M
Short-term investments	CN¥2.13B	CN¥2.86B	CN¥3.13B	CN¥3.04B	CN¥3.01B	CN¥4.97B	CN¥4.08B	CN¥5.47B	CN¥5.58B	CN¥6.63B	CN¥6.63B	CN¥7.66B
Receivables	CN¥407.0M	CN¥338.7M	CN¥238.7M	CN¥555.9M	CN¥453.0M	CN¥370.8M	CN¥76.0M	CN¥89.9M	CN¥70.3M	CN¥233.3M	CN¥233.3M	CN¥173.7M
Inventory	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥19.6M	CN¥19.6M	CN¥19.6M
Other current assets	CN¥744.1M	CN¥892.9M	CN¥838.4M	CN¥588.9M	CN¥555.4M	CN¥578.2M	CN¥748.3M	CN¥1.04B	CN¥943.0M	CN¥645.0M	CN¥645.0M	CN¥663.6M
Total current assets	CN¥3.60B	CN¥4.49B	CN¥4.91B	CN¥4.91B	CN¥4.51B	CN¥6.21B	CN¥6.09B	CN¥7.70B	CN¥7.60B	CN¥8.07B	CN¥8.07B	CN¥9.34B
Property, plant & equipment (net)	CN¥985.0M	CN¥960.8M	CN¥909.0M	CN¥862.3M	CN¥836.4M	CN¥830.5M	CN¥823.5M	CN¥795.6M	CN¥770.1M	CN¥747.1M	CN¥747.1M	CN¥584.1M
Goodwill & intangible assets	CN¥545.7M	CN¥561.0M	CN¥581.5M	CN¥591.7M	CN¥604.7M	CN¥607.1M	CN¥617.0M	CN¥586.2M	CN¥603.3M	CN¥609.7M	CN¥609.7M	CN¥39.8M
Long-term investments	CN¥344.6M	CN¥329.4M	CN¥296.2M	CN¥393.6M	CN¥405.2M	CN¥464.1M	CN¥440.8M	CN¥606.5M	CN¥643.5M	CN¥751.9M	CN¥751.8M	CN¥855.1M
Other non-current assets	CN¥779.0M	CN¥227.4M	CN¥9.0M	CN¥75.7M	CN¥286.4M	CN¥1.10B	CN¥1.60B	CN¥1.63B	CN¥1.73B	CN¥2.39B	CN¥2.39B	CN¥2.24B
Total assets	CN¥6.26B	CN¥6.56B	CN¥6.71B	CN¥6.84B	CN¥6.65B	CN¥9.22B	CN¥9.57B	CN¥11.32B	CN¥11.34B	CN¥12.57B	CN¥12.57B	CN¥13.06B
Liabilities
Accounts payable	CN¥355.8M	CN¥383.2M	CN¥238.1M	CN¥235.4M	CN¥47.1M	CN¥24.3M	CN¥66.6M	CN¥68.3M	CN¥18.4M	CN¥35.4M	CN¥35.4M	CN¥19.4M
Short-term debt	CN¥11.7M	CN¥16.4M	CN¥19.0M	CN¥22.0M	CN¥21.8M	CN¥27.5M	CN¥28.6M	CN¥29.6M	CN¥32.5M	CN¥32.7M	CN¥32.7M	CN¥10.5M
Deferred revenue	—	CN¥207.6M	CN¥228.3M	CN¥226.5M	CN¥242.9M	CN¥253.2M	—	CN¥265.5M	CN¥287.3M	CN¥337.5M	CN¥337.5M	CN¥369.1M
Total current liabilities	CN¥1.57B	CN¥1.83B	CN¥1.73B	CN¥1.73B	CN¥1.54B	CN¥3.98B	CN¥1.94B	CN¥3.61B	CN¥1.78B	CN¥2.93B	CN¥2.93B	CN¥1.81B
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥22.9M	CN¥29.3M	CN¥20.7M	CN¥25.0M	CN¥30.7M	CN¥41.6M	CN¥48.6M	CN¥54.2M	CN¥65.8M	CN¥74.1M	CN¥79.9M	CN¥18.9M
Other long-term liabilities	CN¥65.5M	CN¥63.4M	CN¥52.6M	CN¥55.7M	CN¥64.5M	CN¥71.8M	CN¥79.2M	CN¥91.8M	CN¥99.9M	CN¥124.6M	CN¥124.6M	CN¥80.2M
Total liabilities	CN¥1.64B	CN¥1.89B	CN¥1.78B	CN¥1.78B	CN¥1.60B	CN¥4.06B	CN¥2.02B	CN¥3.70B	CN¥1.88B	CN¥3.05B	CN¥3.05B	CN¥1.89B
Shareholders' equity
Common stock & paid-in capital	CN¥156,000	CN¥155,411	CN¥152,096	CN¥151,000	CN¥151,000	CN¥150,000	CN¥150,000	CN¥150,000	CN¥149,000	CN¥160,000	CN¥160,000	CN¥159,000
Retained earnings (deficit)	−CN¥2.11B	−CN¥2.22B	−CN¥2.22B	−CN¥2.10B	−CN¥2.10B	−CN¥2.10B	−CN¥1.98B	−CN¥1.93B	−CN¥1.95B	−CN¥1.98B	−CN¥1.98B	−CN¥1.71B
Accumulated other comprehensive income	CN¥611.1M	CN¥765.3M	CN¥801.4M	CN¥839.4M	CN¥854.8M	CN¥886.7M	CN¥770.0M	CN¥794.1M	CN¥868.3M	CN¥895.0M	CN¥895.0M	CN¥939.2M
Total shareholders' equity	CN¥4.62B	CN¥4.67B	CN¥4.92B	CN¥5.05B	CN¥5.05B	CN¥5.16B	CN¥7.55B	CN¥7.63B	CN¥9.46B	CN¥9.52B	CN¥9.52B	CN¥11.17B
Key figures
Total debt	CN¥22.9M	CN¥29.2M	CN¥20.8M	CN¥25.0M	CN¥30.7M	CN¥41.6M	CN¥48.6M	CN¥54.2M	CN¥65.8M	CN¥74.1M	CN¥74.1M	CN¥18.9M
Net cash (debt)	CN¥2.43B	CN¥3.23B	CN¥3.81B	CN¥3.74B	CN¥3.48B	CN¥5.22B	CN¥5.22B	CN¥6.51B	CN¥6.52B	CN¥7.10B	CN¥7.10B	CN¥8.46B
Working capital	CN¥2.03B	CN¥2.66B	CN¥3.18B	CN¥3.19B	CN¥2.98B	CN¥2.23B	CN¥4.15B	CN¥4.10B	CN¥5.82B	CN¥5.15B	CN¥5.15B	CN¥7.53B
Tangible book value	CN¥4.08B	CN¥4.11B	CN¥4.34B	CN¥4.46B	CN¥4.44B	CN¥4.55B	CN¥6.93B	CN¥7.04B	CN¥8.86B	CN¥8.91B	CN¥8.91B	CN¥11.13B
Shares outstanding	229.7M	229.7M	228.8M	231.2M	227.7M	231.5M	230.6M	232.9M	234.2M	236.3M	236.3M	246.4M
Current ratio	2.29	2.45	2.84	2.85	2.94	1.56	3.14	2.14	4.27	2.76	2.76	5.16
Quick ratio	1.82	1.96	2.35	2.50	2.57	1.41	2.76	1.85	3.74	2.53	2.53	4.78
Debt / equity	0.00	0.01	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00
Equity / assets	73.9%	71.2%	73.4%	73.9%	75.9%	56.0%	78.9%	67.3%	83.4%	75.7%	75.7%	85.5%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 27, 2026); data from EODHD.

HUYA financial position

At the end of fiscal 2025 (December 31, 2025), HUYA had total assets of CN¥6.7 billion (down 29.9% from a year earlier), total liabilities of CN¥1.8 billion and shareholders' equity of CN¥4.9 billion. It held CN¥3.8 billion in cash and short-term investments against CN¥20.8 million of debt, a net cash position of CN¥3.8 billion. Its current ratio was 2.84. In the latest quarter (ended June 30, 2026) total assets were CN¥6.3 billion and equity CN¥4.6 billion.

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

HUYA balance sheet FAQ

What are HUYA's total assets?

HUYA reported total assets of CN¥6.7 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥9.6 billion a year earlier.

How much debt does HUYA have?

HUYA had CN¥20.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.

How much cash does HUYA have?

HUYA held CN¥3.8 billion in cash and short-term investments at the end of fiscal 2025; with CN¥20.8 million of debt that is net cash of CN¥3.8 billion.

What is HUYA's book value?

HUYA's shareholders' equity (book value) was CN¥4.9 billion at the end of fiscal 2025.

What is HUYA's current ratio?

HUYA had current assets of CN¥4.9 billion and current liabilities of CN¥1.7 billion, a current ratio of 2.84 (it can cover its short-term obligations).

How much goodwill does HUYA have?

HUYA carried CN¥581.5 million of goodwill and intangible assets, 8.7% of total assets, at the end of fiscal 2025.