Concord Medical Services Holdings Ltd balance sheet CCM

Annual Quarterly

As of Dec 31, 2025, Concord Medical Services Holdings Ltd had total assets of $936.3 million and total liabilities of $671.7 million. Total assets were up 1.6% from a year earlier. Stockholders' equity was negative, at -$300.7 million, because liabilities exceed assets. It held $102.9 million in cash and investments against $578.5 million of total debt, net debt of $475.6 million. The current ratio, current assets divided by current liabilities, was 0.48.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Assets
Cash	43 +43.7%	30 +261.7%	8 -64.3%	23 -7.1%	25 -51.8%	51 +379.9%	11 -81.9%	59 +12952.5%	0 -98.5%	29 -58.3%
Short-term investments	—	18	—	—	—	—	0 -100.0%	7	—	—
Long-term investments	60 -6.7%	65 +16.4%	56 -12.4%	63 +3.6%	61 +27.8%	48 +414.2%	9 -83.5%	56	—	—
Cash and investments	103 -8.7%	113 +76.8%	64 -26.2%	86 +0.5%	86 -13.3%	99 +395.9%	20 -83.7%	123 +27089.4%	0 -98.5%	29 -63.1%
Receivables	6 -10.1%	7 -32.3%	10 -45.2%	19 -5.9%	20 +69.3%	12 +12.0%	11 -16.2%	13 -37.7%	20 -25.7%	27 -19.0%
Inventory	7 +43.5%	5 -19.4%	6 -53.8%	12 +105.8%	6 +80.4%	3 +430.8%	1 +27.9%	0 -49.5%	1 +13.2%	1 +41.7%
Total current assets	135 -0.1%	135 +55.1%	87 -21.1%	110 +20.1%	92 -11.5%	104 +155.3%	41 -77.3%	179 +4.6%	171 -0.8%	172 -25.9%
Property and equipment, net	533 +5.0%	507 +1.6%	500 +5.7%	473 -4.3%	494 +25.8%	392 +43.8%	273 +53.8%	177 +45.4%	122 +9.2%	112 -21.3%
Goodwill	82 +0.0%	82 +3.8%	79 -2.7%	81 -3.9%	84 +151.6%	34 +4.0%	32 +35.9%	24	—	—
Total assets	936 +1.6%	922 +8.1%	853 -2.1%	871 -10.9%	978 +19.6%	818 +32.4%	617 -7.4%	667 +25.2%	533 +14.5%	465 -16.4%
Liabilities and equity
Accounts payable	17 -37.6%	27 +50.1%	18 -14.4%	21 +32.3%	16 +463.2%	3 +140.2%	1 +50.3%	1 +12.8%	1 +137.6%	0 +136.0%
Total current liabilities	279 -4.0%	291 +5.9%	275 +69.1%	163 +28.8%	126 +60.8%	78 -12.9%	90 -28.8%	127 -25.7%	170 +24.3%	137 -41.3%
Total liabilities	672 -4.0%	700 +15.4%	607 +4.9%	578 +5.7%	547 +21.7%	450 +30.0%	346 +2.9%	336 -10.7%	377 +31.0%	288 -14.1%
Stockholders' equity	-301 +3.7%	-312 -4.5%	-299 -10.6%	-270 -25.7%	-215 -111.6%	-102 -476.2%	-18 -127.7%	64 -55.7%	144 -14.5%	168 -21.8%
Debt
Debt due within a year	202 -12.4%	230 +20.2%	192 +94.2%	99 +44.4%	68 +157.4%	27 -69.9%	88 -27.6%	122 -35.2%	188 +8.0%	174 -24.0%
Long-term debt	353 -4.5%	369 +31.4%	281 -21.6%	358 +4.8%	342 +13.3%	302 +62.6%	186 +156.4%	72 +65.4%	44 +40.8%	31 -26.3%
Lease liabilities	24 -4.6%	25 -25.1%	34 -1.4%	34 -7.2%	37 +1.3%	36 +9.2%	33	—	—	—
Total debt	578 -7.4%	625 +23.4%	506 +3.1%	491 +9.9%	447 +22.7%	365 +18.7%	307 +58.2%	194 -16.1%	231 +12.9%	205 -24.4%
Net cash	-476 +7.1%	-512 -15.7%	-443 -9.3%	-405 -12.1%	-361 -36.1%	-265 +7.6%	-287 -301.5%	-71 +69.1%	-231 -31.4%	-176 +8.4%
Ratios
Current ratio	0.48x	0.46x	0.32x	0.68x	0.73x	1.32x	0.45x	1.41x	1.00x	1.26x
Debt to equity	—	—	—	—	—	—	—	3.05x	1.61x	1.22x
Return on equity	—	—	—	—	—	—	—	-53.70%	-30.44%	-22.46%
Return on assets	-1.42%	-4.58%	-4.92%	-8.15%	-4.36%	-5.81%	-7.14%	-5.12%	-8.20%	-8.11%
Book value per share	—	—	—	—	—	—	—	—	1.10	1.29

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry: Services-Offices & Clinics of Doctors of Medicine (SIC 8011)
Listed as: CCM (NYSE)
Incorporated in: Cayman Islands
Headquarters: Chaoyang District, Beijing
SEC filer status: Non-accelerated filer
SEC CIK: 1472072

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.