NetEase Balance Sheet Health
Financial Health criteria checks 6/6
NetEase has a total shareholder equity of CN¥142.5B and total debt of CN¥12.2B, which brings its debt-to-equity ratio to 8.6%. Its total assets and total liabilities are CN¥196.0B and CN¥53.5B respectively. NetEase's EBIT is CN¥29.6B making its interest coverage ratio -5.6. It has cash and short-term investments of CN¥137.7B.
Key information
8.58%
Debt to equity ratio
CN¥12.23b
Debt
| Interest coverage ratio | -5.6x |
| Cash | CN¥137.67b |
| Equity | CN¥142.49b |
| Total liabilities | CN¥53.50b |
| Total assets | CN¥195.99b |
Recent financial health updates
Recent updates
Subdued Growth No Barrier To NetEase, Inc.'s (HKG:9999) Price
May 01
NetEase (HKG:9999) Is Aiming To Keep Up Its Impressive Returns
Apr 09An Intrinsic Calculation For NetEase, Inc. (HKG:9999) Suggests It's 22% Undervalued
Mar 25At HK$162, Is It Time To Put NetEase, Inc. (HKG:9999) On Your Watch List?
Mar 10We Think NetEase (HKG:9999) Can Manage Its Debt With Ease
Jan 14Why You Should Care About NetEase's (HKG:9999) Strong Returns On Capital
Dec 27NetEase, Inc. (HKG:9999) Shares Could Be 37% Below Their Intrinsic Value Estimate
Dec 09NetEase, Inc.'s (HKG:9999) 26% Share Price Surge Not Quite Adding Up
Dec 09
Global Gaming Expansion And Innovation Propel Future Revenue Growth
Nov 24 NetEase's international game expansion and diversified portfolio position it for future revenue growth and long-term stability.NetEase's (HKG:9999) Solid Earnings Have Been Accounted For Conservatively
Nov 21Risks To Shareholder Returns Are Elevated At These Prices For NetEase, Inc. (HKG:9999)
Oct 23Financial Position Analysis
Short Term Liabilities: 9999's short term assets (CN¥153.3B) exceed its short term liabilities (CN¥49.7B).
Long Term Liabilities: 9999's short term assets (CN¥153.3B) exceed its long term liabilities (CN¥3.8B).
Debt to Equity History and Analysis
Debt Level: 9999 has more cash than its total debt.
Reducing Debt: 9999's debt to equity ratio has reduced from 23% to 8.6% over the past 5 years.
Debt Coverage: 9999's debt is well covered by operating cash flow (324.3%).
Interest Coverage: 9999 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/13 01:50 |
| End of Day Share Price | 2025/05/13 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NetEase, Inc. is covered by 83 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sau Shing Chow | ABCI Securities Company Limited |
| Zixiao Yang | Arete Research Services LLP |
| Ishan Majumdar | Baptista Research |