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Quhuo Limited QH
$ 3.74 1.71%
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Quarterly report 2025-Q4
added 05-23-2026

Quhuo Limited Balance Sheet 2025-2011 | QH

Brief overview of Quhuo Limited's financial position

The review uses the five latest available annual reports between 2020 and 2025.

Assets declined from 1.1 billion CNY to 798.4 million CNY, or -29.4%. The contraction calls for context such as disposals, restructuring or weaker operations.

Funding shifted toward liabilities: they gained -15%, compared with -29.4% for assets.

Shareholders' equity accounts for 44.4% of assets, previously 49.2%. Dependence on liabilities is moderate.

Net debt moved below zero to -36.7 million CNY, reflecting surplus cash over debt.

Cash accounts for 4.8% of assets versus 8.7% initially. The change indicates the degree of financial flexibility.

The accumulated result is -1.5 billion CNY and remains below zero. The number alone does not explain whether losses, dividends or repurchases were the main cause.

What the balance sheet shows

The balance sheet gives no single signal for Quhuo Limited: some indicators are sound, while leverage or capitalization needs attention.

Annual Balance Sheet Quhuo Limited

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

-36.7 M -55.7 M -33.7 M - -23.3 M -75 M -115 M 57 M - - - - - - -

Long Term Debt

296 K 4.71 M 7.53 M - 3 K 5.14 M 11.9 M 5.68 M - - - - - - -

Long Term Debt Current

1.38 M 2.82 M 3.91 M - 5.32 M 17.7 M - - - - - - - - -

Total Non Current Liabilities

54 M 69.3 M 67.9 M - 52.9 M 61.5 M 1.07 B 1.06 B - - - - - - -

Total Current Liabilities

395 M 337 M 459 M - 609 M 466 M - - - - - - - - -

Total Liabilities

449 M 406 M 527 M - 662 M 528 M 1.52 B 1.3 B - - - - - - -

Deferred Revenue

- - - - - - - 2.9 M - - - - - - -

Retained Earnings

-1.52 B -1.37 B -1.38 B - -1.37 B -1.21 B -1.21 B -1.2 B - - - - - - -

Total Assets

798 M 867 M 1.03 B - 1.15 B 1.13 B 744 M 470 M - - - - - - -

Cash and Cash Equivalents

38.4 M 63.2 M 45.2 M 101 M 28.6 M 97.8 M 127 M - - - - - - - -

Book Value

350 M 461 M 505 M - 483 M 603 M -776 M -827 M - - - - - - -

Total Shareholders Equity

355 M 465 M 506 M 498 M 471 M 556 M -776 M - - - - - - - -

All numbers in CNY currency

Quarterly Balance Sheet Quhuo Limited

2025-Q4 2025-Q2 2024-Q4 2024-Q2 2023-Q4 2023-Q2 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

296 K 3.23 M 4.71 M 6.15 M 7.53 M 1.58 M - - - - 3 K 420 K - - 5.14 M - - - 11.9 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Non Current Liabilities

54 M 56.3 M 69.3 M 84.6 M 67.9 M 71.2 M - - - - 52.9 M 51.1 M - - 61.5 M - - - 37.3 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

449 M 441 M 406 M 506 M 527 M 586 M - - - - 662 M 669 M - - 528 M - - - 489 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

-1.52 B -1.43 B -1.37 B -1.44 B -1.38 B -1.39 B - - - - -1.37 B -1.3 B - - -1.21 B - - - -1.21 B - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Assets

798 M 848 M 867 M 981 M 1.03 B 1.09 B - - - - 1.15 B 1.23 B - - 1.13 B - - - 744 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cash and Cash Equivalents

38.4 M 30.9 M 63.2 M 39.9 M 45.2 M 115 M 101 M - - - 28.6 M 57.2 M - - 97.8 M 139 M - - 127 M - - - 17.3 M - - - 9.14 M - - - - - - - - - - - - - - - - - - - - - - - - - - -

Book Value

350 M 408 M 461 M 475 M 505 M 499 M - - - - 483 M 562 M - - 603 M - - - 255 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Shareholders Equity

355 M 412 M 465 M 470 M 506 M 499 M 498 M - - - 471 M 530 M - - 556 M 551 M - - -779 M - - - -827 M - - - -907 M - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in CNY currency

Balance Sheet is a fundamental financial report of Quhuo Limited, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

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