TH International Limited (THCH) - Total Assets
Based on the latest financial reports, TH International Limited (THCH) holds total assets worth $1.05 Billion USD as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore THCH operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
TH International Limited - Total Assets Trend (2019–2025)
This chart illustrates how TH International Limited's total assets have evolved over time, based on quarterly financial data. See THCH book value for net asset value and shareholders' equity analysis.
TH International Limited - Asset Composition Analysis
Current Asset Composition (December 2025)
TH International Limited's total assets of $1.05 Billion consist of 27.8% current assets and 72.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 10.4% |
| Accounts Receivable | $129.56 Million | 11.0% |
| Inventory | $36.79 Million | 3.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $81.01 Million | 6.9% |
| Goodwill | $81.07 Million | 6.9% |
Asset Composition Trend (2019–2025)
This chart illustrates how TH International Limited's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see TH International Limited (THCH) total market value.
Key Asset Composition Facts
- Current vs. Non-Current Assets: TH International Limited's current assets represent 27.8% of total assets in 2025, a decrease from 65.1% in 2019.
- Cash Position: Cash and equivalents constituted 10.4% of total assets in 2025, down from 58.7% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 12.0% of total assets, a decrease from 14.0% in 2019.
- Asset Diversification: The largest asset category is accounts receivable at 11.0% of total assets.
TH International Limited Competitors by Total Assets
Key competitors of TH International Limited based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
COMPASS GROUP
F:XGR
|
Germany | €26.71 Billion |
|
The Cheesecake Factory
NASDAQ:CAKE
|
USA | $3.26 Billion |
|
Alsea S.A.B. de C.V
MX:ALSEA
|
Mexico | MX$82.28 Billion |
|
A&W Food Services of Canada
TO:AW
|
Canada | CA$1.23 Billion |
|
Pizza Pizza Royalty Corp.
TO:PZA
|
Canada | CA$382.41 Million |
|
Map Boga Adiperkasa Tbk PT
JK:MAPB
|
Indonesia | Rp2.80 Trillion |
|
Tofu Restaurant Co Ltd
TWO:2752
|
Taiwan | NT$2.27 Billion |
|
Fast Food Indonesia Tbk
JK:FAST
|
Indonesia | Rp4.95 Trillion |
TH International Limited - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.28 | 0.27 | 2.10 |
| Quick Ratio | 0.25 | 0.25 | 1.96 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-719.89 Million | $-1.17 Billion | $179.69 Million |
TH International Limited - Advanced Valuation Insights
This section examines the relationship between TH International Limited's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 16.78 |
| Latest Market Cap to Assets Ratio | 0.05 |
| Asset Growth Rate (YoY) | -24.7% |
| Total Assets | $1.18 Billion |
| Market Capitalization | $54.14 Million USD |
Valuation Analysis
Below Book Valuation: The market values TH International Limited's assets below their book value (0.05x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: TH International Limited's assets decreased by 24.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for TH International Limited (2019–2025)
The table below shows the annual total assets of TH International Limited from 2019 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $1.18 Billion | -24.74% |
| 2024-12-31 | $1.56 Billion | -29.43% |
| 2023-12-31 | $2.22 Billion | -16.15% |
| 2022-12-31 | $2.64 Billion | +105.62% |
| 2021-12-31 | $1.28 Billion | +121.40% |
| 2020-12-31 | $580.36 Million | +30.71% |
| 2019-12-31 | $444.00 Million | -- |
About TH International Limited
TH International Limited, together with its subsidiaries, develops, operates, and franchises coffee shops under the Tim Hortons brand in Mainland China, Hong Kong, and Macau. The company's stores offer coffee, alternative beverages, sandwiches, and baked goods. TH International Limited was founded in 2018 and is headquartered in Shanghai, the People's Republic of China.