Gaotu Techedu
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Gaotu Techedu's balance sheet done over the years? Its assets were worth $5,413,309,000 last year, which is more than in the previous period. 43% of Gaotu Techedu’s total assets is currently financed by debt. Its liabilities reached the amount of $2,307,044,000, which means an increase by 30% compared compared to last year.
Debt to Assets
| 2017 | 103213000 | 582.63M | 564.49% |
|---|---|---|---|
| 2018 | 338203000 | 830.74M | 245.63% |
| 2019 | 3394532000 | 1.83B | 54.12% |
| 2020 | 10685792000 | 4.95B | 46.38% |
| 2021 | 5024666000 | 2.14B | 42.66% |
| 2022 | 4876175000 | 1.78B | 36.51% |
| 2023 | 5413309000 | 2.30B | 42.62% |
GOTU Balance Sheet (2017 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
Assets | |||||||
Current assets: | |||||||
Cash and cash equivalents | 636.05M | 819.91M | 728.93M | 355.22M | 73.96M | 33.25M | 19.29M |
Short term investments | 2.25B | 2.92B | 2.77B | 7.33B | 1.47B | 197.99M | 7.97M |
Net receivables | 71.70M | 222.40M | 49.96M | 59.23M | 26.57M | 25.06M | 20.40M |
Inventory | 24.59M | 22.78M | 15.59M | 48.07M | 8.82M | 23.21M | 0 |
Other current assets | 600.44M | 399.89M | 3.21M | 3.09M | 9.36M | 1.27M | 4.67M |
Total current assets | 3.58B | 4.16B | 3.93B | 8.45B | 1.80B | 280.80M | 52.34M |
Non-current assets: | |||||||
Property, Plant and Equipment | 723.19M | 635.69M | 1.03B | 1.51B | 346.76M | 16.77M | 7.14M |
Goodwill | 331K | 331K | 331K | 43.63M | 331K | 331K | 0 |
Intangible assets | 42.79M | 27.37M | 28.25M | 28.98M | 100K | 237K | 0 |
Long term investments | 1.02B | 574.76M | 0 | 530.72M | 1.18B | 5.22M | 7.60M |
Other non-current assets | 30.65M | -543.81M | 25.40M | 109.57M | 19.42M | 3.56M | 116K |
Total non-current assets | 1.82B | 709.69M | 1.08B | 2.22B | 1.58B | 57.40M | 50.86M |
Total assets | 5.41B | 4.87B | 5.02B | 10.68B | 3.39B | 338.20M | 103.21M |
Liabilities | |||||||
| Current liabilities: | |||||||
Accounts payable | |||||||
Deferred revenue | 0 | 906.91M | 986.99M | 2.72B | 1.33B | 263.33M | 45.82M |
Short term debt | 50.49M | 38.32M | 80.01M | 152.62M | 59.98M | 0 | 0 |
Total current liabilities | 1.97B | 1.60B | 1.76B | 4.19B | 1.63B | 355.91M | 155.01M |
| Non-current liabilities: | |||||||
Long term debt | 137.65M | 44.19M | 276.03M | 644.14M | 194.22M | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 26.58M | 26.58M | 0 | 466.06M | 427.13M |
Total non-current liabilities | 333.76M | 171.12M | 383.45M | 758.54M | 199.92M | 474.83M | 427.61M |
Total liabilities | 2.30B | 1.78B | 2.14B | 4.95B | 1.83B | 830.74M | 582.63M |
| Data source | Data source | Data source | Data source | Data source |