GDS Holdings Ltd (GDS) - Net Assets
Based on the latest financial reports, GDS Holdings Ltd (GDS) has net assets worth $26.78 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($78.61 Billion) and total liabilities ($51.83 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GDS asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $26.78 Billion |
| % of Total Assets | 34.07% |
| Annual Growth Rate | 27.12% |
| 5-Year Change | -7.42% |
| 10-Year Change | 1051.87% |
| Growth Volatility | 48.31 |
GDS Holdings Ltd - Net Assets Trend (2014–2024)
This chart illustrates how GDS Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is GDS Holdings Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for GDS Holdings Ltd (2014–2024)
The table below shows the annual net assets of GDS Holdings Ltd from 2014 to 2024. For live valuation and market cap data, see market value of GDS Holdings Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $23.67 Billion | +17.62% |
| 2023-12-31 | $20.12 Billion | -16.79% |
| 2022-12-31 | $24.18 Billion | -1.42% |
| 2021-12-31 | $24.53 Billion | -4.04% |
| 2020-12-31 | $25.57 Billion | +148.37% |
| 2019-12-31 | $10.29 Billion | +86.41% |
| 2018-12-31 | $5.52 Billion | +23.38% |
| 2017-12-31 | $4.48 Billion | +49.86% |
| 2016-12-31 | $2.99 Billion | +45.34% |
| 2015-12-31 | $2.05 Billion | -4.32% |
| 2014-12-31 | $2.15 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to GDS Holdings Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 556070300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $527.00K | 0.00% |
| Other Comprehensive Income | $-1.09 Billion | -4.65% |
| Other Components | $30.68 Billion | 130.33% |
| Total Equity | $23.54 Billion | 100.00% |
GDS Holdings Ltd Competitors by Market Cap
The table below lists competitors of GDS Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rexford Industrial Realty Inc
NYSE:REXR
|
$8.27 Billion |
|
Freedom Holding Corp
NASDAQ:FRHC
|
$8.27 Billion |
|
Baiyin Nonferrous Group Co Ltd
SHG:601212
|
$8.27 Billion |
|
Next Vision Stabilized Systems
TA:NXSN
|
$8.27 Billion |
|
Figma, Inc.
NYSE:FIG
|
$8.27 Billion |
|
Vicinity Centres
AU:VCX
|
$8.27 Billion |
|
Tetra Tech Inc
NASDAQ:TTEK
|
$8.26 Billion |
|
Zoomlion Heavy Industry Science and Technology Co Ltd
SHE:000157
|
$8.26 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GDS Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,958,226,000 to 23,538,702,000, a change of 3,580,476,000 (17.9%).
- Net income of 3,425,386,000 contributed positively to equity growth.
- Dividend payments of 54,169,000 reduced retained earnings.
- Other comprehensive income decreased equity by 119,984,000.
- Other factors increased equity by 329,243,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.43 Billion | +14.55% |
| Dividends Paid | $54.17 Million | -0.23% |
| Other Comprehensive Income | $-119.98 Million | -0.51% |
| Other Changes | $329.24 Million | +1.4% |
| Total Change | $- | 17.94% |
Book Value vs Market Value Analysis
This analysis compares GDS Holdings Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.33x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.07x to 0.33x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $630.49 | $42.41 | x |
| 2015-12-31 | $42.56 | $42.41 | x |
| 2016-12-31 | $79.88 | $42.41 | x |
| 2017-12-31 | $45.64 | $42.41 | x |
| 2018-12-31 | $44.61 | $42.41 | x |
| 2019-12-31 | $74.66 | $42.41 | x |
| 2020-12-31 | $163.16 | $42.41 | x |
| 2021-12-31 | $134.76 | $42.41 | x |
| 2022-12-31 | $131.48 | $42.41 | x |
| 2023-12-31 | $108.75 | $42.41 | x |
| 2024-12-31 | $128.26 | $42.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GDS Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.55%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.19%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 3.13x
- Recent ROE (14.55%) is above the historical average (-5.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -6.05% | -27.76% | 0.12x | 1.79x | $-344.75 Million |
| 2015 | -4.80% | -14.01% | 0.14x | 2.50x | $-304.06 Million |
| 2016 | -9.26% | -26.18% | 0.13x | 2.75x | $-575.06 Million |
| 2017 | -7.30% | -20.23% | 0.12x | 2.94x | $-774.45 Million |
| 2018 | -7.79% | -15.41% | 0.13x | 3.78x | $-982.46 Million |
| 2019 | -4.29% | -10.72% | 0.13x | 3.06x | $-1.47 Billion |
| 2020 | -2.62% | -11.66% | 0.10x | 2.24x | $-3.23 Billion |
| 2021 | -4.87% | -15.24% | 0.11x | 2.93x | $-3.64 Billion |
| 2022 | -5.26% | -13.58% | 0.12x | 3.11x | $-3.67 Billion |
| 2023 | -21.50% | -43.09% | 0.13x | 3.73x | $-6.29 Billion |
| 2024 | 14.55% | 33.19% | 0.14x | 3.13x | $1.07 Billion |
Industry Comparison
This section compares GDS Holdings Ltd's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $994,464,162
- Average return on equity (ROE) among peers: 2.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GDS Holdings Ltd (GDS) | $26.78 Billion | -6.05% | 1.94x | $8.27 Billion |
| Accenture plc (ACN) | $2.68 Billion | 35.12% | 2.34x | $110.67 Billion |
| Alithya Group Inc (ALYAF) | $26.79 Million | -22.19% | 1.46x | $89.55 Million |
| Applied Digital Corporation (APLD) | $3.63 Million | -76.89% | 0.16x | $7.31 Billion |
| ARB IOT Group Limited Ordinary Shares (ARBB) | $318.84 Million | 8.10% | 0.24x | $8.21 Million |
| ASGN Inc (ASGN) | $1.38 Billion | 12.69% | 1.14x | $904.39 Million |
| Aurora Innovation Inc (AUR) | $1.99 Billion | -40.10% | 0.13x | $8.73 Billion |
| BigBearai Holdings Inc (BBAI) | $11.68 Million | 53.50% | 0.37x | $1.87 Billion |
| Broadridge Financial Solutions Inc (BR) | $745.80 Million | 25.77% | 2.80x | $18.21 Billion |
| BIT Mining Limited (BTCM) | $133.56 Million | 13.10% | 0.18x | $18.91 Million |
| CACI International Inc (CACI) | $2.67 Billion | 17.16% | 1.32x | $11.34 Billion |
About GDS Holdings Ltd
GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company offers colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, data… Read more