Balance Sheet Analysis

RLX Technology Inc. RLX All values in millions of CNY

Total Assets

¥16,871.0

Total Liabilities

¥881.1

Total Equity

¥15,990.0

Balance Sheet Overview

Total Assets

¥16,871.0

Current Assets: ¥9,301.0
Non-Current Assets: ¥7,570.1

Total Liabilities

¥881.1

Current Liabilities: ¥857.8
Non-Current Liabilities: ¥23.2

Total Equity

¥15,990.0

Stockholders' Equity: ¥15,988.2
Retained Earnings: ¥4,219.7

Balance Sheet Composition (Sankey)

All values in millions USD

Balance Sheet Analysis

Balance Sheet Breakdown - 2024

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All values in millions
Amount % of Total
Assets
Current Assets ¥9,301.0
55.1%
Cash & Equivalents ¥5,593.5
33.2%
Short-term Investments ¥2,899.6
17.2%
Accounts Receivable ¥83.2
0.5%
Inventory ¥142.6
0.8%
Other Current Assets ¥99.1
0.6%
Non-Current Assets ¥7,570.1
44.9%
Net PPE ¥82.0
0.5%
Investments & Advances ¥7,334.8
43.5%
Goodwill ¥59.6
0.4%
Other Non-Current Assets ¥2.9
0.0%
Total Assets ¥16,871.0 100.0%
Liabilities
Current Liabilities ¥857.8
5.1%
Accounts Payable ¥295.5
1.8%
Short-Term Debt ¥51.4
0.3%
Other Current Liabilities ¥29.2
0.2%
Non-Current Liabilities ¥23.2
0.1%
Long-Term Debt ¥7.0
0.0%
Other Non-Current Liabilities -
%
Total Liabilities ¥881.1 5.2%
Equity
Stockholders' Equity ¥15,988.2
94.8%
Retained Earnings ¥4,219.7
25.0%
Additional Paid-in Capital ¥12,723.9
75.4%
Total Equity ¥15,990.0 94.8%

Metric Details

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Detailed Balance Sheet

Item FY2024 FY2023 FY2022 FY2021
Assets
Current Assets
Cash & Cash Equivalents ¥5,593.5 ¥2,390.3 ¥1,268.5 ¥5,209.0
Inventory ¥142.6 ¥144.8 ¥130.9 ¥589.1
Accounts Receivable ¥83.2 ¥67.4 ¥54.4 ¥22.5
Total Current Assets ¥9,301.0 ¥8,983.8 ¥11,198.2 ¥13,950.9
Non-Current Assets
Net PPE ¥82.0 ¥136.6 ¥162.9 ¥319.4
Goodwill ¥59.6 ¥66.5 ¥0.0 -
Other Intangible Assets ¥52.8 ¥69.8 ¥7.6 ¥8.4
Total Non-Current Assets ¥7,570.1 ¥7,331.2 ¥5,180.7 ¥2,414.2
Total Assets ¥16,871.0 ¥16,315.1 ¥16,378.8 ¥16,365.1
Liabilities
Current Liabilities
Accounts Payable ¥295.5 ¥109.4 ¥52.5 ¥506.1
Current Debt ¥51.4 ¥29.4 ¥46.0 ¥80.6
Total Current Liabilities ¥857.8 ¥668.7 ¥789.8 ¥2,737.6
Non-Current Liabilities
Long Term Debt ¥7.0 ¥24.4 ¥40.0 ¥104.2
Total Non-Current Liabilities ¥23.2 ¥48.0 ¥48.6 ¥108.7
Total Liabilities ¥881.1 ¥716.7 ¥838.4 ¥2,846.4
Stockholders' Equity
Common Stock ¥0.1 ¥0.1 ¥0.1 ¥0.1
Retained Earnings ¥4,219.7 ¥3,765.7 ¥3,324.6 ¥1,908.9
Treasury Stock ¥2,105.8 ¥1,281.0 ¥627.9 ¥127.5
Total Stockholders' Equity ¥15,988.2 ¥15,609.4 ¥15,569.1 ¥13,515.0

Key Balance Sheet Ratios

Liquidity Ratios

Current Ratio

10.84

Quick Ratio

10.68

Solvency Ratios

Debt to Equity

0.06

Debt to Assets

0.05

Asset Management

Asset Turnover

N/A

Equity Multiplier

1.06