Zepp Health Corporation (ZEPP) Balance Sheet
ZEPP balance sheet, 2025
December 31, 2025 · U.S. dollars$3.95B assets = $2.45B liabilities + $1.50B equity
Both columns are drawn to the same scale: what ZEPP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ZEPP financial health
Descriptive bands, not a rating. Fiscal 2025.
ZEPP balance sheet trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.86B2024 | $3.95B2025 | +2.4%/yr | |
| Total liabilities | $2.01B2024 | $2.45B2025 | +21.7%/yr | |
| Shareholders’ equity | $1.84B2024 | $1.50B2025 | −18.3%/yr | |
| Cash & short-term investments | $815.5M2024 | $789.7M2025 | −3.2%/yr | |
| Total debt | $1.33B2024 | $1.59B2025 | +19.9%/yr | |
| Net cash (debt) | −$513.9M2024 | −$804.8M2025 | −$291.0M | |
| Working capital | $410.2M2024 | $46.7M2025 | −$363.5M | |
| Current ratio | 1.292024 | 1.022025 | −0.26 | |
| Debt / equity | 0.722024 | 1.062025 | +0.34 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ZEPP assets
ZEPP liabilities and equity
ZEPP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ZEPP balance sheet
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $789.7M | $815.5M |
| Cash & equivalents | $789.7M | $808.2M |
| Short-term investments | $0 | $7.3M |
| Receivables | $514.5M | $577.7M |
| Inventory | $508.8M | $414.5M |
| Other current assets | $239.6M | $28.4M |
| Total current assets | $2.05B | $1.84B |
| Property, plant & equipment (net) | $53.3M | $75.6M |
| Goodwill & intangible assets | $162.2M | $121.7M |
| Long-term investments | $220.0M | $225.9M |
| Other non-current assets | $1.46B | $1.60B |
| Total assets | $3.95B | $3.86B |
| Liabilities | ||
| Accounts payable | $564.8M | $372.8M |
| Short-term debt | $1.17B | $765.6M |
| Deferred revenue | $531,437 | $37.5M |
| Total current liabilities | $2.01B | $1.43B |
| Long-term debt | $59.5M | $75.2M |
| Lease obligations | $2.0M | $3.4M |
| Other long-term liabilities | $384.3M | $512.3M |
| Total liabilities | $2.45B | $2.01B |
| Shareholders' equity | ||
| Common stock & paid-in capital | $181,807 | $189,761 |
| Retained earnings (deficit) | −$80.1M | $208.9M |
| Accumulated other comprehensive income | −$278.9M | −$293.3M |
| Minority interest | $0 | $1.1M |
| Total shareholders' equity | $1.50B | $1.84B |
| Key figures | ||
| Total debt | $1.59B | $1.33B |
| Net cash (debt) | −$804.8M | −$513.9M |
| Working capital | $46.7M | $410.2M |
| Tangible book value | $1.34B | $1.71B |
| Book value per share | — | $113.49 |
| Shares outstanding | — | 16.2M |
| Current ratio | 1.02 | 1.29 |
| Quick ratio | 0.65 | 0.98 |
| Debt / equity | 1.06 | 0.72 |
| Equity / assets | 38.0% | 47.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $721.4M | $709.9M | $789.7M | $62.7M | $690.1M | $761.4M | $815.5M |
| Cash & equivalents | $721.4M | $709.9M | $789.7M | $61.7M | $682.9M | $754.1M | $808.2M |
| Short-term investments | — | — | $0 | $1.0M | $7.3M | $7.3M | $7.3M |
| Receivables | $560.6M | $429.5M | $514.5M | $87.2M | $534.3M | $402.9M | $577.7M |
| Inventory | $423.8M | $432.5M | $508.8M | $87.7M | $572.5M | $465.8M | $414.5M |
| Other current assets | $211.9M | $212.5M | $239.6M | $74.2M | $154.9M | $130.8M | $28.4M |
| Total current assets | $1.92B | $1.78B | $2.05B | $311.8M | $1.95B | $1.76B | $1.84B |
| Property, plant & equipment (net) | $51.4M | $54.5M | $53.3M | $8.0M | $66.1M | $69.4M | $75.6M |
| Goodwill & intangible assets | $152.0M | $156.8M | $162.2M | $23.3M | $171.5M | $180.1M | $121.7M |
| Long-term investments | $227.8M | $222.3M | $220.0M | $219.8M | $219.0M | $218.0M | $225.9M |
| Other non-current assets | $1.45B | $1.45B | $1.46B | $23.5M | $1.52B | $1.54B | $1.60B |
| Total assets | $3.80B | $3.67B | $3.95B | $586.4M | $3.93B | $3.77B | $3.86B |
| Liabilities | |||||||
| Accounts payable | $597.2M | $407.7M | $564.8M | $105.1M | $619.8M | $441.2M | $372.8M |
| Short-term debt | $1.28B | $1.36B | $1.17B | $139.5M | $871.6M | $832.0M | $765.6M |
| Deferred revenue | $380,123 | $43,000 | $531,437 | $278,000 | $1.8M | $1.7M | $37.5M |
| Total current liabilities | $2.13B | $2.03B | $2.01B | $285.9M | $1.78B | $1.54B | $1.43B |
| Long-term debt | $56.4M | $40.0M | $59.5M | $69.5M | $70.4M | $69.5M | $75.2M |
| Lease obligations | $1.1M | $1.3M | $2.0M | $1.3M | $1.6M | $1.7M | $3.4M |
| Other long-term liabilities | $353.1M | $263.9M | $384.3M | $4.6M | $468.8M | $470.7M | $512.3M |
| Total liabilities | $2.54B | $2.33B | $2.45B | $360.1M | $2.32B | $2.08B | $2.01B |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $176,482 | $178,942 | $181,807 | $26,000 | $186,261 | $188,832 | $189,761 |
| Retained earnings (deficit) | −$288.0M | −$214.0M | −$80.1M | −$479,000 | $8.1M | $64.5M | $208.9M |
| Accumulated other comprehensive income | −$253.8M | −$271.3M | −$278.9M | −$38.5M | −$279.3M | −$291.9M | −$293.3M |
| Minority interest | — | — | $0 | $0 | $0 | — | — |
| Total shareholders' equity | $1.26B | $1.34B | $1.50B | $226.3M | $1.61B | $1.69B | $1.84B |
| Key figures | |||||||
| Total debt | $1.67B | $1.65B | $1.59B | $210.3M | $1.39B | $1.35B | $1.33B |
| Net cash (debt) | −$948.3M | −$938.0M | −$804.8M | −$147.6M | −$697.2M | −$587.4M | −$513.9M |
| Working capital | −$216.3M | −$240.9M | $46.7M | $25.8M | $172.8M | $218.7M | $410.2M |
| Tangible book value | $1.10B | $1.18B | $1.34B | $203.0M | $1.44B | $1.51B | $1.71B |
| Book value per share | — | — | — | $14.31 | $101.90 | $105.16 | $113.49 |
| Shares outstanding | — | — | — | 15.8M | 15.8M | 16.0M | 16.2M |
| Current ratio | 0.90 | 0.88 | 1.02 | 1.09 | 1.10 | 1.14 | 1.29 |
| Quick ratio | 0.60 | 0.56 | 0.65 | 0.52 | 0.69 | 0.76 | 0.98 |
| Debt / equity | 1.33 | 1.23 | 1.06 | 0.93 | 0.86 | 0.80 | 0.72 |
| Equity / assets | 33.0% | 36.5% | 38.0% | 38.6% | 41.1% | 44.7% | 47.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 24, 2026); data from EODHD.
ZEPP financial position
At the end of fiscal 2025 (December 31, 2025), Zepp Health had total assets of $3.9 billion (up 2.4% from a year earlier), total liabilities of $2.4 billion and shareholders' equity of $1.5 billion. It held $789.7 million in cash and short-term investments against $1.6 billion of debt, net debt of $804.8 million. Its current ratio was 1.02. In the latest quarter (ended June 30, 2026) total assets were $3.8 billion and equity $1.3 billion.
Related: ZEPP income statement, ZEPP cash flow statement, ZEPP key metrics. See the ZEPP stock overview for the latest quote and news.
ZEPP balance sheet FAQ
What are Zepp Health's total assets?
Zepp Health reported total assets of $3.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.9 billion a year earlier.
How much debt does Zepp Health have?
Zepp Health had $1.6 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.06.
How much cash does Zepp Health have?
Zepp Health held $789.7 million in cash and short-term investments at the end of fiscal 2025; with $1.6 billion of debt that is net debt of $804.8 million.
What is Zepp Health's book value?
Zepp Health's shareholders' equity (book value) was $1.5 billion at the end of fiscal 2025.
What is Zepp Health's current ratio?
Zepp Health had current assets of $2.1 billion and current liabilities of $2.0 billion, a current ratio of 1.02 (it can cover its short-term obligations).
How much goodwill does Zepp Health have?
Zepp Health carried $162.2 million of goodwill and intangible assets, 4.1% of total assets, at the end of fiscal 2025.