MOGU Inc. (MOGU) Balance Sheet
MOGU balance sheet, FY2026
March 31, 2026 · Chinese yuanCN¥826.9M assets = CN¥318.8M liabilities + CN¥508.1M equity
Both columns are drawn to the same scale: what MOGU owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MOGU financial health
Current ratio1.07
Adequate · current assets cover current liabilities 1.07×
Debt / equity0.00
Low leverage · CN¥0.00 of debt for each $1 of equity
Equity / assets61.4%
Equity-funded · of assets funded by shareholders
Cash / debt38,428.9%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.1%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
MOGU balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | CN¥4.68BFY2017 | CN¥826.9MFY2026 | −17.5%/yr | |
| Total liabilities | CN¥1.19BFY2017 | CN¥318.8MFY2026 | −13.6%/yr | |
| Shareholders’ equity | CN¥3.50BFY2017 | CN¥508.1MFY2026 | −19.3%/yr | |
| Cash & short-term investments | CN¥1.67BFY2017 | CN¥295.1MFY2026 | −17.5%/yr | |
| Total debt | CN¥4.5MFY2017 | CN¥768,000FY2026 | −17.9%/yr | |
| Net cash (debt) | CN¥1.67BFY2017 | CN¥294.4MFY2026 | −CN¥1.4B | |
| Working capital | CN¥1.40BFY2017 | CN¥23.6MFY2026 | −CN¥1.4B | |
| Current ratio | 2.31FY2017 | 1.07FY2026 | −1.23 | |
| Debt / equity | 0.00FY2017 | 0.00FY2026 | 0.00 | |
| Shares outstanding | 8.1MFY2017 | 8.8MFY2026 | +0.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MOGU assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
MOGU liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
MOGU debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MOGU balance sheet in Chinese yuan
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | CN¥295.1M | CN¥379.6M | CN¥420.1M | CN¥562.0M | CN¥635.5M | CN¥802.3M | CN¥1.09B | CN¥1.49B | CN¥1.35B | CN¥1.67B |
| Cash & equivalents | CN¥133.6M | CN¥82.0M | CN¥358.8M | CN¥416.2M | CN¥438.6M | CN¥542.1M | CN¥856.6M | CN¥1.28B | CN¥1.22B | CN¥1.27B |
| Short-term investments | CN¥161.5M | CN¥297.6M | CN¥61.3M | CN¥145.8M | CN¥196.9M | CN¥260.2M | CN¥238.0M | CN¥212.0M | CN¥130.0M | CN¥400.6M |
| Receivables | CN¥40.1M | CN¥46.2M | CN¥17.1M | CN¥8.5M | CN¥26.8M | CN¥41.2M | CN¥53.2M | CN¥122.7M | CN¥251.6M | CN¥740.6M |
| Inventory | CN¥46,000 | CN¥11,000 | CN¥98,000 | CN¥144,000 | CN¥79,000 | CN¥240,000 | CN¥2.9M | CN¥5.0M | CN¥110,000 | CN¥4.1M |
| Other current assets | CN¥6.8M | CN¥59.7M | CN¥70.5M | CN¥94.9M | CN¥56.6M | CN¥143.3M | CN¥159.9M | CN¥162.3M | CN¥49.7M | CN¥60.2M |
| Total current assets | CN¥342.1M | CN¥485.6M | CN¥507.8M | CN¥665.6M | CN¥718.9M | CN¥987.1M | CN¥1.31B | CN¥1.78B | CN¥1.66B | CN¥2.48B |
| Property, plant & equipment (net) | CN¥275.0M | CN¥282.2M | CN¥302.3M | CN¥200.0M | CN¥7.7M | CN¥10.8M | CN¥14.1M | CN¥12.0M | CN¥16.5M | CN¥99.7M |
| Goodwill & intangible assets | CN¥536,000 | CN¥718,000 | CN¥949,000 | CN¥12.6M | CN¥153.3M | CN¥612.5M | CN¥999.5M | CN¥2.57B | CN¥1.69B | CN¥2.07B |
| Long-term investments | CN¥165.0M | CN¥50.0M | CN¥81.8M | CN¥69.3M | CN¥72.1M | CN¥66.4M | CN¥102.4M | CN¥241.7M | CN¥201.0M | CN¥10.9M |
| Other non-current assets | CN¥44.2M | CN¥39.8M | CN¥45.5M | CN¥63.6M | CN¥215.0M | CN¥163.1M | CN¥14.2M | CN¥763,000 | CN¥18.8M | CN¥28.5M |
| Total assets | CN¥826.9M | CN¥858.2M | CN¥938.4M | CN¥1.01B | CN¥1.17B | CN¥1.84B | CN¥2.44B | CN¥4.60B | CN¥3.58B | CN¥4.68B |
| Liabilities | ||||||||||
| Accounts payable | CN¥3.5M | CN¥4.5M | CN¥6.9M | CN¥8.2M | CN¥17.9M | CN¥19.9M | CN¥17.1M | CN¥18.0M | CN¥12.3M | CN¥11.1M |
| Short-term debt | CN¥529,000 | CN¥620,000 | CN¥1.9M | CN¥2.7M | CN¥10.1M | — | — | CN¥5.8M | CN¥8.5M | CN¥4.5M |
| Deferred revenue | CN¥90.9M | CN¥91.6M | CN¥98.6M | CN¥105.2M | CN¥901,000 | CN¥77,000 | CN¥103,000 | CN¥1.2M | CN¥310.7M | CN¥387.0M |
| Total current liabilities | CN¥318.5M | CN¥320.9M | CN¥321.8M | CN¥335.7M | CN¥321.8M | CN¥365.3M | CN¥435.1M | CN¥548.9M | CN¥670.1M | CN¥1.07B |
| 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¥768,000 | CN¥972,000 | CN¥2.7M | CN¥3.4M | CN¥0 | — | — | CN¥0 | CN¥0 | CN¥0 |
| Other long-term liabilities | CN¥239,000 | CN¥352,000 | CN¥2.1M | CN¥4.1M | CN¥13.0M | CN¥19.7M | CN¥25.2M | CN¥7.2M | CN¥25.2M | CN¥114.6M |
| Total liabilities | CN¥318.8M | CN¥321.2M | CN¥323.9M | CN¥339.8M | CN¥334.8M | CN¥385.0M | CN¥460.3M | CN¥556.1M | CN¥695.3M | CN¥1.19B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | CN¥181,000 | CN¥181,000 | CN¥181,000 | CN¥181,000 | CN¥181,000 | CN¥181,000 | CN¥180,000 | CN¥177,000 | CN¥140.3M | CN¥140.3M |
| Retained earnings (deficit) | −CN¥8.92B | −CN¥8.92B | −CN¥8.86B | −CN¥8.79B | −CN¥8.62B | −CN¥7.98B | −CN¥7.65B | −CN¥5.43B | −CN¥4.50B | −CN¥3.27B |
| Treasury stock | — | — | — | — | — | — | −CN¥6.6M | CN¥0 | CN¥0 | CN¥0 |
| Accumulated other comprehensive income | CN¥79.4M | CN¥72.7M | CN¥92.9M | CN¥82.4M | CN¥72.3M | CN¥100.5M | CN¥204.4M | CN¥80.3M | −CN¥1.7M | CN¥69.7M |
| Minority interest | CN¥0 | CN¥28.0M | CN¥26.1M | CN¥34.0M | — | — | — | CN¥0 | CN¥0 | CN¥0 |
| Total shareholders' equity | CN¥508.1M | CN¥509.0M | CN¥588.4M | CN¥640.7M | CN¥789.7M | CN¥1.45B | CN¥1.98B | CN¥4.05B | CN¥2.88B | CN¥3.50B |
| Key figures | ||||||||||
| Total debt | CN¥768,000 | CN¥972,000 | CN¥2.7M | CN¥3.4M | CN¥10.1M | — | — | CN¥5.8M | CN¥8.5M | CN¥4.5M |
| Net cash (debt) | CN¥294.4M | CN¥378.6M | CN¥417.4M | CN¥558.6M | CN¥625.4M | — | — | CN¥1.48B | CN¥1.35B | CN¥1.67B |
| Working capital | CN¥23.6M | CN¥164.7M | CN¥186.0M | CN¥329.9M | CN¥397.1M | CN¥621.8M | CN¥875.5M | CN¥1.23B | CN¥985.7M | CN¥1.40B |
| Tangible book value | CN¥507.6M | CN¥508.2M | CN¥587.4M | CN¥628.2M | CN¥636.5M | CN¥842.4M | CN¥981.0M | CN¥1.48B | CN¥1.20B | CN¥1.43B |
| Shares outstanding | 8.8M | 8.7M | 8.7M | 8.5M | 8.4M | 8.8M | 9.1M | 4.2M | 8.1M | 8.1M |
| Current ratio | 1.07 | 1.51 | 1.58 | 1.98 | 2.23 | 2.70 | 3.01 | 3.24 | 2.47 | 2.31 |
| Quick ratio | 1.05 | 1.33 | 1.36 | 1.70 | 2.06 | 2.31 | 2.64 | 2.94 | 2.40 | 2.25 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | — | — | 0.00 | 0.00 | 0.00 |
| Equity / assets | 61.4% | 59.3% | 62.7% | 63.4% | 67.7% | 79.1% | 81.1% | 87.9% | 80.6% | 74.6% |
| Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | CN¥295.1M | CN¥295.1M | CN¥425.0M | CN¥425.0M | CN¥379.6M | CN¥380.6M | CN¥355.9M | CN¥355.9M | CN¥420.1M | CN¥420.6M | CN¥469.8M | CN¥469.8M |
| Cash & equivalents | CN¥133.6M | CN¥133.6M | CN¥133.7M | CN¥133.7M | CN¥82.0M | CN¥82.0M | CN¥84.4M | CN¥84.4M | CN¥358.8M | CN¥358.8M | CN¥366.2M | CN¥366.2M |
| Short-term investments | CN¥161.5M | CN¥161.5M | CN¥291.3M | CN¥291.3M | CN¥297.6M | CN¥298.6M | CN¥271.5M | CN¥271.5M | CN¥61.3M | CN¥61.8M | CN¥103.7M | CN¥103.7M |
| Receivables | CN¥40.1M | CN¥55.8M | CN¥0 | CN¥501,000 | CN¥0 | CN¥501,000 | CN¥124.7M | CN¥17.1M | CN¥0 | CN¥587,000 | CN¥4.6M | CN¥8.5M |
| Inventory | CN¥46,000 | CN¥46,000 | CN¥59,000 | CN¥59,000 | CN¥11,000 | CN¥11,000 | CN¥67,000 | CN¥67,000 | CN¥98,000 | CN¥98,000 | CN¥113,000 | CN¥113,000 |
| Other current assets | CN¥6.8M | CN¥0 | CN¥56.3M | CN¥55.8M | CN¥106.0M | CN¥104.5M | CN¥511,000 | CN¥108.1M | CN¥87.6M | CN¥86.5M | CN¥99.6M | CN¥95.7M |
| Total current assets | CN¥342.1M | CN¥342.1M | CN¥481.3M | CN¥481.3M | CN¥485.6M | CN¥485.6M | CN¥481.1M | CN¥481.1M | CN¥507.8M | CN¥507.8M | CN¥574.2M | CN¥574.2M |
| Property, plant & equipment (net) | CN¥275.0M | CN¥275.0M | CN¥277.7M | CN¥277.7M | CN¥282.2M | CN¥282.2M | CN¥301.6M | CN¥301.6M | CN¥302.3M | CN¥302.3M | CN¥224.4M | CN¥224.4M |
| Goodwill & intangible assets | CN¥536,000 | CN¥536,000 | CN¥0 | CN¥628,000 | CN¥718,000 | CN¥718,000 | CN¥871,000 | CN¥871,000 | CN¥949,000 | CN¥949,000 | CN¥1.0M | CN¥1.0M |
| Long-term investments | CN¥165.0M | CN¥0 | CN¥64.2M | CN¥0 | CN¥50.0M | CN¥0 | CN¥54.1M | CN¥0 | CN¥81.8M | CN¥0 | CN¥82.2M | CN¥0 |
| Other non-current assets | CN¥44.2M | CN¥209.2M | CN¥47.3M | CN¥110.9M | CN¥39.8M | CN¥89.7M | CN¥49.4M | CN¥103.5M | CN¥45.5M | CN¥127.3M | CN¥46.4M | CN¥128.7M |
| Total assets | CN¥826.9M | CN¥826.9M | CN¥870.7M | CN¥870.7M | CN¥858.2M | CN¥858.2M | CN¥887.1M | CN¥887.1M | CN¥938.4M | CN¥938.4M | CN¥928.2M | CN¥928.2M |
| Liabilities | ||||||||||||
| Accounts payable | CN¥3.5M | CN¥3.5M | CN¥3.5M | CN¥3.5M | CN¥4.5M | CN¥4.5M | CN¥3.6M | CN¥3.6M | CN¥6.9M | CN¥6.9M | CN¥6.5M | CN¥6.5M |
| Short-term debt | CN¥529,000 | CN¥529,000 | — | CN¥344,000 | — | CN¥620,000 | CN¥374,000 | CN¥374,000 | — | CN¥1.9M | CN¥1.5M | CN¥1.5M |
| Deferred revenue | CN¥90.9M | CN¥57,000 | — | CN¥91.6M | — | — | CN¥627,000 | CN¥98.6M | — | — | CN¥55,000 | CN¥245,000 |
| Total current liabilities | CN¥318.5M | CN¥318.5M | CN¥311.6M | CN¥311.6M | CN¥320.9M | CN¥320.9M | CN¥312.4M | CN¥312.4M | CN¥321.8M | CN¥321.8M | CN¥290.0M | CN¥290.0M |
| 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¥768,000 | — | CN¥702,000 | — | CN¥972,000 | — | CN¥760,000 | — | CN¥2.7M | — | CN¥1.5M | — |
| Other long-term liabilities | CN¥239,000 | CN¥239,000 | CN¥358,000 | CN¥358,000 | CN¥352,000 | CN¥352,000 | CN¥386,000 | CN¥386,000 | CN¥2.1M | CN¥2.1M | CN¥1.6M | CN¥1.6M |
| Total liabilities | CN¥318.8M | CN¥318.8M | CN¥312.0M | CN¥312.0M | CN¥321.2M | CN¥321.2M | CN¥312.8M | CN¥312.8M | CN¥323.9M | CN¥323.9M | CN¥291.6M | CN¥291.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | CN¥181,000 | CN¥181,000 | — | CN¥181,000 | — | CN¥181,000 | CN¥181,000 | CN¥181,000 | — | CN¥181,000 | CN¥181,000 | CN¥181,000 |
| Retained earnings (deficit) | −CN¥8.92B | −CN¥8.91B | −CN¥8.87B | −CN¥8.87B | −CN¥8.92B | −CN¥8.92B | −CN¥8.88B | −CN¥8.88B | −CN¥8.86B | −CN¥8.85B | −CN¥8.83B | −CN¥8.83B |
| Accumulated other comprehensive income | CN¥79.4M | CN¥70.0M | — | CN¥71.9M | — | CN¥72.7M | CN¥72.1M | CN¥72.1M | — | CN¥89.6M | CN¥92.4M | CN¥89.1M |
| Minority interest | CN¥0 | — | CN¥0 | — | CN¥28.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | CN¥508.1M | CN¥508.1M | CN¥558.7M | CN¥558.7M | CN¥509.0M | CN¥509.0M | CN¥546.7M | CN¥546.7M | CN¥588.4M | CN¥588.4M | CN¥609.7M | CN¥609.7M |
| Key figures | ||||||||||||
| Total debt | CN¥768,000 | CN¥768,000 | — | CN¥702,000 | — | CN¥972,000 | CN¥760,000 | CN¥760,000 | — | CN¥2.7M | CN¥1.5M | CN¥1.5M |
| Net cash (debt) | CN¥294.4M | CN¥294.4M | — | CN¥424.3M | — | CN¥379.6M | CN¥355.1M | CN¥355.1M | — | CN¥417.9M | CN¥468.3M | CN¥468.3M |
| Working capital | CN¥23.6M | CN¥23.6M | CN¥169.7M | CN¥169.7M | CN¥164.7M | CN¥164.7M | CN¥168.7M | CN¥168.7M | CN¥186.0M | CN¥186.0M | CN¥284.1M | CN¥284.1M |
| Tangible book value | CN¥507.6M | CN¥507.6M | CN¥558.7M | CN¥558.0M | CN¥508.2M | CN¥508.2M | CN¥545.8M | CN¥545.8M | CN¥587.4M | CN¥587.4M | CN¥608.7M | CN¥608.7M |
| Shares outstanding | 8.2M | 8.2M | 2.45B | 9.2M | 2.45B | 8.8M | 8.7M | 8.7M | 2.46B | 29K | 8.6M | 29K |
| Current ratio | 1.07 | 1.07 | 1.54 | 1.54 | 1.51 | 1.51 | 1.54 | 1.54 | 1.58 | 1.58 | 1.98 | 1.98 |
| Quick ratio | 1.05 | 1.10 | 1.36 | 1.37 | 1.18 | 1.19 | 1.54 | 1.19 | 1.31 | 1.31 | 1.64 | 1.65 |
| Debt / equity | 0.00 | 0.00 | — | 0.00 | — | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 |
| Equity / assets | 61.4% | 61.4% | 64.2% | 64.2% | 59.3% | 59.3% | 61.6% | 61.6% | 62.7% | 62.7% | 65.7% | 65.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed July 24, 2026); data from EODHD.
MOGU financial position
At the end of fiscal 2026 (March 31, 2026), MOGU had total assets of CN¥826.9 million (down 3.6% from a year earlier), total liabilities of CN¥318.8 million and shareholders' equity of CN¥508.1 million. It held CN¥295.1 million in cash and short-term investments against CN¥0.8 million of debt, a net cash position of CN¥294.4 million. Its current ratio was 1.07.
Related: MOGU income statement, MOGU cash flow statement, MOGU key metrics. See the MOGU stock overview for the latest quote and news.
MOGU balance sheet FAQ
What are MOGU's total assets?
MOGU reported total assets of CN¥826.9 million at the end of fiscal 2026 (March 31, 2026), compared with CN¥858.2 million a year earlier.
How much debt does MOGU have?
MOGU had CN¥0.8 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does MOGU have?
MOGU held CN¥295.1 million in cash and short-term investments at the end of fiscal 2026; with CN¥0.8 million of debt that is net cash of CN¥294.4 million.
What is MOGU's book value?
MOGU's shareholders' equity (book value) was CN¥508.1 million at the end of fiscal 2026.
What is MOGU's current ratio?
MOGU had current assets of CN¥342.1 million and current liabilities of CN¥318.5 million, a current ratio of 1.07 (it can cover its short-term obligations).
How much goodwill does MOGU have?
MOGU carried CN¥0.5 million of goodwill and intangible assets, 0.1% of total assets, at the end of fiscal 2026.