360 DigiTech, Inc. (QFIN) Balance Sheet

NASDAQ: QFINAssets, liabilities, debt and equity over 10 years.

QFIN balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥56.95B assets = CN¥32.79B liabilities + CN¥24.16B equity

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

QFIN financial health

Current ratio0.47

Tight · current assets cover current liabilities 0.47×

Debt / equity0.16

Low leverage · CN¥0.16 of debt for each $1 of equity

Equity / assets42.3%

Equity-funded · of assets funded by shareholders

Cash / debt197.4%

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

Goodwill & intangibles1.8%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

QFIN balance sheet trends, 2016–2025

360 DigiTech, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥89.5M2016	CN¥56.95B2025	+104.9%/yr
Total liabilities	CN¥111.4M2016	CN¥32.79B2025	+88.1%/yr
Shareholders’ equity	−CN¥21.8M2016	CN¥24.11B2025	—
Cash & short-term investments	CN¥6.2M2016	CN¥7.55B2025	+120.3%/yr
Total debt	CN¥77.0M2016	CN¥3.82B2025	+54.3%/yr
Net cash (debt)	−CN¥70.9M2016	CN¥3.73B2025	+CN¥3.8B
Working capital	CN¥70.9M2016	−CN¥13.32B2025	−CN¥13.4B
Current ratio	9.702016	0.472025	−9.23
Debt / equity	1.022017	0.162025	−0.86
Shares outstanding	198.3M2016	136.1M2025	−4.1%/yr

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

QFIN assets

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

QFIN liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

QFIN debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

QFIN balance sheet in Chinese yuan

360 DigiTech, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	CN¥7.55B	CN¥7.85B	CN¥4.19B	CN¥7.22B	CN¥6.12B	CN¥4.42B	CN¥2.11B	CN¥1.45B	CN¥468.5M	CN¥6.2M
Cash & equivalents	CN¥4.70B	CN¥4.45B	CN¥4.18B	CN¥7.17B	CN¥6.12B	CN¥4.42B	CN¥2.11B	CN¥1.45B	CN¥468.5M	CN¥6.2M
Short-term investments	CN¥2.85B	CN¥3.39B	CN¥15.0M	CN¥57.0M	CN¥0	—	CN¥0	CN¥0	CN¥0	CN¥0
Receivables	CN¥972.3M	CN¥2.24B	CN¥3.06B	CN¥3.13B	CN¥3.32B	CN¥7.33B	CN¥4.97B	CN¥3.61B	CN¥834.9M	CN¥68.2M
Inventory	CN¥0	CN¥1.30B	−CN¥4.87B	−CN¥25.77B	−CN¥18.45B	−CN¥15.06B	−CN¥15.06B	−CN¥4.10B	CN¥1	−CN¥72.8M
Other current assets	CN¥3.17B	CN¥1.21B	CN¥8.46B	CN¥29.52B	CN¥21.97B	CN¥15.98B	CN¥16.00B	CN¥4.90B	CN¥0	CN¥77.5M
Total current assets	CN¥11.69B	CN¥12.60B	CN¥10.84B	CN¥14.10B	CN¥12.96B	CN¥12.66B	CN¥8.01B	CN¥5.85B	CN¥1.30B	CN¥79.0M
Property, plant & equipment (net)	CN¥637.0M	CN¥362.8M	CN¥231.2M	CN¥47.6M	CN¥24.9M	CN¥19.4M	CN¥17.1M	CN¥6.9M	CN¥6.0M	CN¥2.0M
Goodwill & intangible assets	CN¥1.02B	CN¥1.01B	CN¥1.03B	CN¥1.00B	CN¥1.02B	CN¥3.4M	CN¥3.5M	CN¥847,000	CN¥262,000	CN¥208,000
Long-term investments	CN¥2.85B	CN¥3.39B	CN¥15.0M	CN¥57.0M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current assets	CN¥40.75B	CN¥30.76B	CN¥33.70B	CN¥25.14B	CN¥19.50B	CN¥11.70B	CN¥12.33B	CN¥1.49B	CN¥1.79B	CN¥8.3M
Total assets	CN¥56.95B	CN¥48.13B	CN¥45.82B	CN¥40.34B	CN¥33.50B	CN¥24.39B	CN¥20.36B	CN¥7.35B	CN¥3.10B	CN¥89.5M
Liabilities
Accounts payable	—	—	—	—	—	CN¥47.4M	CN¥41.9M	CN¥15.3M	CN¥14.6M	CN¥0
Short-term debt	CN¥2.24B	CN¥1.40B	CN¥827.7M	CN¥180.7M	CN¥423.4M	CN¥215.3M	CN¥221.0M	CN¥14.0M	CN¥748.7M	CN¥77.0M
Deferred revenue	—	−CN¥15.81B	—	—	—	—	−CN¥41.9M	−CN¥29.3M	—	—
Total current liabilities	CN¥25.01B	CN¥18.18B	CN¥16.06B	CN¥13.61B	CN¥9.99B	CN¥561.2M	CN¥531.5M	CN¥330.6M	CN¥42.8M	CN¥8.1M
Long-term debt	CN¥1.58B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥18.4M	CN¥27.3M	CN¥29.1M	CN¥30.7M	CN¥25.8M	CN¥28.5M	CN¥21.0M	CN¥0	CN¥0	CN¥0
Other long-term liabilities	CN¥6.20B	CN¥5.70B	CN¥7.75B	CN¥7.80B	CN¥8.29B	CN¥14.35B	CN¥12.61B	CN¥2.58B	CN¥2.32B	CN¥103.2M
Total liabilities	CN¥32.79B	CN¥23.89B	CN¥23.81B	CN¥21.41B	CN¥18.29B	CN¥14.91B	CN¥13.14B	CN¥2.91B	CN¥2.37B	CN¥111.4M
Shareholders' equity
Common stock & paid-in capital	CN¥20,000	CN¥21,000	CN¥22,000	CN¥22,000	CN¥22,000	CN¥21,000	CN¥20,000	CN¥20,000	CN¥590.0M	CN¥0
Retained earnings (deficit)	CN¥24.50B	CN¥20.95B	CN¥16.30B	CN¥12.80B	CN¥9.64B	CN¥4.14B	CN¥2.07B	−CN¥430.3M	CN¥144.1M	−CN¥21.8M
Treasury stock	—	—	—	—	—	—	CN¥0	CN¥0	CN¥0	CN¥0
Accumulated other comprehensive income	−CN¥195.7M	CN¥11.9M	−CN¥34.7M	−CN¥51.8M	−CN¥110.9M	−CN¥74.4M	CN¥24.9M	CN¥3.7M	−CN¥1.5M	−CN¥192,000
Minority interest	CN¥42.1M	CN¥56.2M	CN¥72.4M	CN¥84.1M	—	—	CN¥0	CN¥0	CN¥0	CN¥0
Total shareholders' equity	CN¥24.11B	CN¥24.19B	CN¥21.94B	CN¥18.85B	CN¥15.20B	CN¥9.48B	CN¥7.21B	CN¥4.44B	CN¥734.1M	−CN¥21.8M
Key figures
Total debt	CN¥3.82B	CN¥1.40B	CN¥827.7M	CN¥180.7M	CN¥423.4M	CN¥215.3M	CN¥221.0M	CN¥14.0M	CN¥748.7M	CN¥77.0M
Net cash (debt)	CN¥3.73B	CN¥6.45B	CN¥3.37B	CN¥7.04B	CN¥5.69B	CN¥4.20B	CN¥1.89B	CN¥1.43B	−CN¥280.2M	−CN¥70.9M
Working capital	−CN¥13.32B	−CN¥5.58B	−CN¥5.22B	CN¥483.0M	CN¥2.96B	CN¥12.10B	CN¥7.48B	CN¥5.52B	CN¥1.26B	CN¥70.9M
Tangible book value	CN¥23.09B	CN¥23.18B	CN¥20.91B	CN¥17.84B	CN¥14.18B	CN¥9.48B	CN¥7.21B	CN¥4.44B	CN¥733.9M	−CN¥22.0M
Shares outstanding	136.1M	151.7M	164.3M	161.0M	160.7M	153.3M	150.5M	101.4M	143.8M	198.3M
Current ratio	0.47	0.69	0.67	1.04	1.30	22.56	15.07	17.71	30.49	9.70
Quick ratio	0.34	0.55	0.45	0.76	0.94	20.93	13.31	15.30	30.49	9.12
Debt / equity	0.16	0.06	0.04	0.01	0.03	0.02	0.03	0.00	1.02	—
Equity / assets	42.3%	50.3%	47.9%	46.7%	45.4%	38.9%	35.4%	60.4%	23.7%	−24.4%

360 DigiTech, 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¥10.38B	CN¥6.55B	CN¥7.55B	CN¥10.92B	CN¥10.19B	CN¥10.62B	CN¥7.85B	CN¥7.41B	CN¥6.63B	CN¥5.32B	CN¥4.19B	CN¥4.94B
Cash & equivalents	CN¥7.68B	CN¥5.67B	CN¥4.70B	CN¥6.52B	CN¥5.29B	CN¥8.58B	CN¥4.45B	CN¥4.29B	CN¥6.34B	CN¥5.30B	CN¥4.18B	CN¥4.94B
Short-term investments	CN¥2.70B	CN¥879.3M	CN¥2.85B	CN¥4.40B	CN¥4.90B	CN¥2.04B	CN¥3.39B	CN¥3.12B	CN¥291.2M	CN¥15.0M	CN¥15.0M	CN¥15.0M
Receivables	CN¥482.9M	CN¥723.6M	CN¥972.3M	CN¥2.02B	CN¥4.54B	CN¥2.34B	CN¥2.24B	CN¥2.22B	CN¥5.72B	CN¥6.38B	CN¥2.95B	CN¥8.03B
Inventory	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥1.30B	CN¥0	CN¥0	−CN¥33.70B	−CN¥4.87B	−CN¥4.87B
Other current assets	CN¥1.08B	CN¥4.24B	CN¥3.17B	CN¥3.42B	CN¥223.2M	CN¥3.41B	CN¥1.21B	CN¥2.36B	CN¥114.8M	CN¥33.86B	CN¥37.52B	CN¥5.07B
Total current assets	CN¥11.94B	CN¥11.51B	CN¥11.69B	CN¥16.36B	CN¥14.95B	CN¥16.37B	CN¥12.60B	CN¥11.99B	CN¥12.46B	CN¥11.87B	CN¥39.80B	CN¥13.16B
Property, plant & equipment (net)	CN¥641.1M	CN¥647.9M	CN¥637.0M	CN¥575.7M	CN¥496.8M	CN¥405.9M	CN¥362.8M	CN¥331.2M	CN¥299.6M	CN¥256.7M	CN¥231.2M	CN¥148.3M
Goodwill & intangible assets	CN¥1.01B	CN¥1.02B	CN¥1.02B	CN¥1.03B	CN¥999.8M	CN¥1.01B	CN¥1.01B	CN¥1.02B	CN¥1.02B	CN¥1.03B	CN¥1.03B	CN¥1.04B
Long-term investments	CN¥2.70B	CN¥879.3M	CN¥2.85B	CN¥4.40B	CN¥4.90B	CN¥2.04B	CN¥3.39B	CN¥3.12B	CN¥291.2M	CN¥15.0M	CN¥15.0M	CN¥0
Other non-current assets	CN¥36.82B	CN¥40.08B	CN¥40.75B	CN¥39.08B	CN¥38.40B	CN¥35.81B	CN¥30.76B	CN¥30.53B	CN¥32.91B	CN¥34.26B	CN¥4.74B	CN¥31.69B
Total assets	CN¥53.11B	CN¥54.13B	CN¥56.95B	CN¥61.45B	CN¥59.75B	CN¥55.63B	CN¥48.13B	CN¥46.99B	CN¥46.98B	CN¥47.43B	CN¥45.82B	CN¥46.04B
Liabilities
Short-term debt	CN¥2.18B	CN¥1.42B	CN¥2.24B	CN¥1.49B	CN¥1.46B	CN¥1.22B	CN¥1.40B	CN¥1.04B	CN¥1.06B	CN¥683.8M	CN¥827.7M	CN¥756.3M
Deferred revenue	—	—	—	—	—	—	−CN¥15.81B	—	—	—	—	—
Total current liabilities	CN¥2.18B	CN¥21.23B	CN¥25.01B	CN¥23.10B	CN¥1.46B	CN¥19.22B	CN¥18.18B	CN¥16.75B	CN¥1.06B	CN¥683.8M	CN¥19.90B	CN¥3.43B
Long-term debt	CN¥760.8M	CN¥772.0M	CN¥1.58B	CN¥4.83B	CN¥4.86B	CN¥4.91B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	—	—	CN¥18.4M	—	—	—	CN¥27.3M	—	—	—	CN¥29.1M	—
Other long-term liabilities	CN¥25.37B	CN¥7.73B	CN¥6.20B	CN¥9.22B	CN¥29.33B	CN¥8.38B	CN¥5.70B	CN¥7.34B	CN¥23.29B	CN¥24.60B	CN¥3.91B	CN¥21.48B
Total liabilities	CN¥28.32B	CN¥29.73B	CN¥32.79B	CN¥37.15B	CN¥35.65B	CN¥32.51B	CN¥23.89B	CN¥24.09B	CN¥24.35B	CN¥25.29B	CN¥23.81B	CN¥24.91B
Shareholders' equity
Common stock & paid-in capital	CN¥24.75B	—	CN¥20,000	CN¥24.26B	CN¥24.06B	CN¥23.06B	CN¥21,000	CN¥22.84B	CN¥22.57B	CN¥22,000	CN¥22,000	CN¥21.05B
Retained earnings (deficit)	—	—	CN¥24.50B	—	—	—	CN¥20.95B	—	—	CN¥16.30B	CN¥16.30B	CN¥16.30B
Accumulated other comprehensive income	—	—	−CN¥195.7M	—	—	—	CN¥11.9M	—	—	−CN¥34.7M	−CN¥34.7M	−CN¥34.7M
Minority interest	CN¥34.1M	CN¥38.6M	CN¥42.1M	CN¥45.6M	CN¥49.1M	—	—	—	—	—	—	—
Total shareholders' equity	CN¥24.76B	CN¥24.27B	CN¥24.11B	CN¥24.26B	CN¥24.06B	CN¥23.06B	CN¥24.19B	CN¥22.84B	CN¥22.57B	CN¥22.07B	CN¥21.94B	CN¥21.05B
Key figures
Total debt	CN¥2.95B	CN¥2.19B	CN¥3.82B	CN¥6.33B	CN¥6.32B	CN¥6.13B	CN¥1.40B	CN¥1.04B	CN¥1.06B	CN¥683.8M	CN¥827.7M	CN¥756.3M
Net cash (debt)	CN¥7.43B	CN¥4.36B	CN¥3.73B	CN¥4.60B	CN¥3.87B	CN¥4.49B	CN¥6.45B	CN¥6.37B	CN¥5.57B	CN¥4.63B	CN¥3.37B	CN¥4.18B
Working capital	CN¥9.76B	−CN¥9.72B	−CN¥13.32B	−CN¥6.73B	CN¥13.49B	−CN¥2.86B	−CN¥5.58B	−CN¥4.76B	CN¥11.40B	CN¥11.18B	CN¥19.90B	CN¥9.73B
Tangible book value	CN¥23.75B	CN¥23.25B	CN¥23.09B	CN¥23.23B	CN¥23.06B	CN¥22.06B	CN¥23.18B	CN¥21.82B	CN¥21.55B	CN¥21.05B	CN¥20.91B	CN¥20.02B
Shares outstanding	142.6M	142.6M	130.5M	133.0M	161.5M	142.6M	144.7M	148.1M	154.7M	159.5M	161.7M	164.6M
Current ratio	5.47	0.54	0.47	0.71	10.22	0.85	0.69	0.72	11.77	17.35	2.00	3.84
Quick ratio	4.97	0.34	0.34	0.56	10.06	0.67	0.55	0.57	11.66	17.11	0.36	3.78
Debt / equity	0.12	0.09	0.16	0.26	0.26	0.27	0.06	0.05	0.05	0.03	0.04	0.04
Equity / assets	46.6%	44.8%	42.3%	39.5%	40.3%	41.5%	50.3%	48.6%	48.0%	46.5%	47.9%	45.7%

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.

QFIN financial position

At the end of fiscal 2025 (December 31, 2025), 360 DigiTech had total assets of CN¥56.9 billion (up 18.3% from a year earlier), total liabilities of CN¥32.8 billion and shareholders' equity of CN¥24.1 billion. It held CN¥7.5 billion in cash and short-term investments against CN¥3.8 billion of debt, a net cash position of CN¥3.7 billion. Its current ratio was 0.47. In the latest quarter (ended June 30, 2026) total assets were CN¥53.1 billion and equity CN¥24.8 billion.

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

QFIN balance sheet FAQ

What are 360 DigiTech's total assets?

360 DigiTech reported total assets of CN¥56.9 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥48.1 billion a year earlier.

How much debt does 360 DigiTech have?

360 DigiTech had CN¥3.8 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.16.

How much cash does 360 DigiTech have?

360 DigiTech held CN¥7.5 billion in cash and short-term investments at the end of fiscal 2025; with CN¥3.8 billion of debt that is net cash of CN¥3.7 billion.

What is 360 DigiTech's book value?

360 DigiTech's shareholders' equity (book value) was CN¥24.1 billion at the end of fiscal 2025.

What is 360 DigiTech's current ratio?

360 DigiTech had current assets of CN¥11.7 billion and current liabilities of CN¥25.0 billion, a current ratio of 0.47 (current liabilities exceed current assets).

How much goodwill does 360 DigiTech have?

360 DigiTech carried CN¥1.0 billion of goodwill and intangible assets, 1.8% of total assets, at the end of fiscal 2025.