Qudian Inc (QD) - Net Assets
Based on the latest financial reports, Qudian Inc (QD) has net assets worth $11.95 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 ($13.95 Billion) and total liabilities ($2.00 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 Qudian Inc (QD) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $11.95 Billion |
| % of Total Assets | 85.66% |
| Annual Growth Rate | N/A |
| 5-Year Change | -5.19% |
| 10-Year Change | N/A |
| Growth Volatility | 6.51 |
Qudian Inc - Net Assets Trend (2014–2024)
This chart illustrates how Qudian Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Qudian Inc (QD) total market value.
Annual Net Assets for Qudian Inc (2014–2024)
The table below shows the annual net assets of Qudian Inc from 2014 to 2024. Also explore Qudian Inc equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $11.29 Billion | -3.39% |
| 2023-12-31 | $11.69 Billion | -2.95% |
| 2022-12-31 | $12.04 Billion | -3.84% |
| 2021-12-31 | $12.52 Billion | +5.15% |
| 2020-12-31 | $11.91 Billion | -0.12% |
| 2019-12-31 | $11.92 Billion | +10.20% |
| 2018-12-31 | $10.82 Billion | +13.42% |
| 2017-12-31 | $9.54 Billion | +378.11% |
| 2016-12-31 | $-3.43 Billion | +47.83% |
| 2015-12-31 | $-6.58 Billion | -17177.35% |
| 2014-12-31 | $-38.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Qudian Inc'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 grown by 1465487226200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $8.67 Billion | 76.78% |
| Common Stock | $175.89K | 0.00% |
| Other Comprehensive Income | $13.75 Million | 0.12% |
| Other Components | $2.61 Billion | 23.09% |
| Total Equity | $11.29 Billion | 100.00% |
Qudian Inc Competitors by Market Cap
The table below lists competitors of Qudian Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Link Net Tbk
JK:LINK
|
$281.59 Million |
|
Incap Oyj
HE:ICP1V
|
$281.62 Million |
|
Myoung Shin Industrial Co Ltd
KO:009900
|
$281.62 Million |
|
Journey Energy Inc
TO:JOY
|
$281.66 Million |
|
XinJiang GuoTong Pipeline Co Ltd
SHE:002205
|
$281.47 Million |
|
Gansu Huangtai Wine-marketing Industry Co. Ltd.
SHE:000995
|
$281.41 Million |
|
Alvopetro Energy
V:ALV
|
$281.33 Million |
|
Alcor Micro
TWO:8054
|
$281.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qudian Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,687,950,972 to 11,291,429,000, a change of -396,521,972 (-3.4%).
- Net income of 91,731,000 contributed positively to equity growth.
- Share repurchases of 533,156,000 reduced equity.
- Other comprehensive income increased equity by 37,881,903.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $91.73 Million | +0.81% |
| Share Repurchases | $533.16 Million | -4.72% |
| Other Comprehensive Income | $37.88 Million | +0.34% |
| Other Changes | $7.02 Million | +0.06% |
| Total Change | $- | -3.39% |
Book Value vs Market Value Analysis
This analysis compares Qudian Inc'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: 0.05x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $-0.48 | $2.77 | x |
| 2015-12-31 | $-19.93 | $2.77 | x |
| 2016-12-31 | $-10.40 | $2.77 | x |
| 2017-12-31 | $31.26 | $2.77 | x |
| 2018-12-31 | $33.61 | $2.77 | x |
| 2019-12-31 | $39.69 | $2.77 | x |
| 2020-12-31 | $43.41 | $2.77 | x |
| 2021-12-31 | $47.03 | $2.77 | x |
| 2022-12-31 | $48.95 | $2.77 | x |
| 2023-12-31 | $53.02 | $2.77 | x |
| 2024-12-31 | $60.13 | $2.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qudian Inc 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): 0.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 42.38%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.10x
- Recent ROE (0.81%) is below the historical average (7.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | -168.96% | 0.06x | 0.00x | $-50.56 Million |
| 2015 | 0.00% | -99.22% | 0.09x | 0.00x | $424.37 Million |
| 2016 | 0.00% | 39.97% | 0.20x | 0.00x | $919.69 Million |
| 2017 | 22.69% | 45.33% | 0.25x | 2.03x | $1.21 Billion |
| 2018 | 23.02% | 32.39% | 0.47x | 1.50x | $1.41 Billion |
| 2019 | 27.38% | 36.93% | 0.48x | 1.54x | $2.07 Billion |
| 2020 | 8.05% | 26.00% | 0.28x | 1.12x | $-232.17 Million |
| 2021 | 4.70% | 35.61% | 0.12x | 1.13x | $-663.28 Million |
| 2022 | -3.01% | -62.68% | 0.05x | 1.06x | $-1.57 Billion |
| 2023 | 0.33% | 30.98% | 0.01x | 1.07x | $-1.13 Billion |
| 2024 | 0.81% | 42.38% | 0.02x | 1.10x | $-1.04 Billion |
Industry Comparison
This section compares Qudian Inc's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $3,806,858,465
- Average return on equity (ROE) among peers: -9.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qudian Inc (QD) | $11.95 Billion | 0.00% | 0.17x | $281.53 Million |
| Affirm Holdings Inc (AFRM) | $2.53 Billion | -38.88% | 2.22x | $21.14 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $1.49 Billion | 13.91% | 20.04x | $2.06 Billion |
| Federal Agricultural Mortgage Corporation (AGM-A) | $47.20 Million | 1.69% | 11.77x | $154.62 Million |
| Ally Financial Inc (ALLY) | $12.86 Billion | 13.33% | 13.92x | $12.34 Billion |
| Antalpha Platform Holding Co (ANTA) | $202.32 Million | 9.14% | 10.90x | $79.49 Million |
| Atlanticus Holdings Corporation (ATLC) | $61.82 Million | -157.73% | 13.25x | $1.41 Billion |
| American Express Company (AXP) | $16.02 Billion | 21.50% | 11.12x | $212.59 Billion |
| Bread Financial Holdings, Inc. (BFH) | $3.05 Billion | 9.08% | 6.50x | $4.12 Billion |
| Credit Acceptance Corporation (CACC) | $288.44 Million | 8.55% | 1.99x | $6.04 Billion |
| Capital One Financial Corporation (COF) | $1.52 Billion | 23.96% | 7.80x | $124.19 Billion |
About Qudian Inc
Qudian Inc. operates as a consumer-oriented technology company in the People's Republic of China. The company offers last-mile delivery services to logistics companies under the Fast Horse brand. It also provides aircraft leasing; technology development and services; and research and development services. Qudian Inc. was founded in 2014 and is headquartered in Xiamen, the People's Republic of Chi… Read more