Zai Lab Balance Sheet
NASDAQ: ZLABHealth CareBiotechnology: Pharmaceutical PreparationsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Zai Lab financial position
At the end of fiscal 2025, Zai Lab reported total assets of $1.17 billion, down 1.1% from a year earlier against total liabilities of $456.9 million. Shareholders' equity stood at $715.5 million, or 61.0% of assets. The company held $679.6 million in cash and equivalents against $204.5 million of debt, a net cash position of $475.0 million.
The current ratio (current assets divided by current liabilities) was 2.45, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.29.
Summary generated from market data by MetaCap's automated system. Methodology
Zai Lab balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 679.57M | 449.67M | 790.15M | 1.01B | 964.10M | 442.12M | 75.93M | 62.95M | 229.66M | 83.95M |
| Short-Term Investments | 10.00M | 330.00M | 16.30M | 0 | 445.00M | 744.68M | 200.00M | 200.35M | — | — |
| Receivables | 106.12M | 85.18M | 59.20M | 39.96M | 47.47M | 5.17M | 3.79M | 90.00K | — | — |
| Inventory | 74.75M | 39.88M | 44.83M | 31.62M | 18.95M | 13.14M | 6.00M | 4.00K | — | — |
| Total Current Assets | 1.02B | 1.05B | 939.61M | 1.12B | 1.50B | 1.22B | 292.46M | 269.14M | 230.61M | 84.09M |
| Property, Plant & Equipment | 47.39M | 47.96M | 53.73M | 57.86M | 43.10M | 29.16M | 21.35M | 20.49M | 11.85M | 1.25M |
| Intangible Assets | 76.14M | 56.03M | 13.39M | 1.51M | 1.85M | 1.53M | 1.15M | 321.00K | 20.09K | 7.00K |
| Long-Term Investments | — | 3.12M | 9.22M | 6.43M | 15.61M | 1.28M | 2.40M | 3.15M | 1.65M | 500.00K |
| Total Assets | 1.17B | 1.19B | 1.04B | 1.22B | 1.61B | 1.30B | 355.15M | 301.99M | 249.63M | 88.91M |
| Accounts Payable | 141.61M | 100.91M | 112.99M | 65.97M | 126.16M | 62.64M | 22.66M | 37.43M | 8.97M | 523.34K |
| Short-Term Debt | 204.53M | 131.71M | 0 | — | — | — | 6.45M | 3.64M | — | — |
| Total Current Liabilities | 416.17M | 299.38M | 203.07M | 139.84M | 192.90M | 98.04M | 46.63M | 48.84M | 12.07M | 5.17M |
| Total Liabilities | 456.88M | 344.86M | 240.18M | 174.54M | 230.00M | 128.29M | 60.49M | 50.91M | 14.46M | 5.95M |
| Shareholders' Equity | 715.50M | 840.90M | 796.12M | 1.05B | 1.38B | 1.17B | 294.66M | 251.08M | 235.17M | -51.55M |
| Retained Earnings | -2.63B | -2.45B | -2.20B | -1.86B | -1.42B | -713.60M | -444.70M | -249.63M | -110.55M | -60.17M |
| Total Debt | 204.53M | 131.71M | 0 | — | — | — | 6.45M | 3.64M | — | — |
| Net Cash (Debt) | 485.04M | 647.96M | 806.45M | 1.01B | 1.41B | 1.19B | 269.48M | 259.66M | 229.66M | 83.95M |
| Shares Outstanding | 1.11B | 1.08B | 972.24M | 960.22M | 954.98M | 87.81M | 68.24M | 58.01M | 49.91M | 9.66M |
This table shows 10 annual periods of Zai Lab's balance sheet, from FY 2025 back to FY 2016, across 18 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow ZLAB's reporting calendar. What is a balance sheet?