Meituan (HKSE:03690) Total Liabilities: HK$246,437 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:03690 Meituan HKSE:03690
77 GF Score
Price HK$85.85
GF Value HK$160.57
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Meituan Total Liabilities?

Meituan HKSE:03690 -1.38% 77 Total Liabilities is HK$246,437 Mil as of Mar. 2026. GuruFocus rates HKSE:03690 with a GF Score™ of 77/100 and a GF Value™ of HK$160.57 (Possible Value Trap). The stock has 3 warning signs investors should review.

Meituan's Total Liabilities for the quarter that ended in Mar. 2026 was HK$246,437 Mil.

Meituan's quarterly Total Liabilities increased from Sep. 2025 (HK$164,639.98 Mil) to Dec. 2025 (HK$216,440.43 Mil) and increased from Dec. 2025 (HK$216,440.43 Mil) to Mar. 2026 (HK$246,436.52 Mil).

Meituan's annual Total Liabilities increased from Dec. 2023 (HK$154,302.96 Mil) to Dec. 2024 (HK$162,020.13 Mil) and increased from Dec. 2024 (HK$162,020.13 Mil) to Dec. 2025 (HK$216,440.43 Mil).


Meituan Total Liabilities Historical Data

* Premium members only.

The historical data trend for Meituan's Total Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Meituan Total Liabilities Chart

Meituan Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 140,931.92 129,288.18 154,302.96 162,020.13 216,440.43

Meituan Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 160,613.34 159,477.96 164,639.98 216,440.43 246,436.52
HKSE:03690
77GF Score
Meituan HKSE:03690
Total Liabilities is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meituan Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Meituan's Total Liabilities for the fiscal year that ended in Dec. 2025 is calculated as

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=136479.698+(76780.87+3179.861
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=216,440

Total Liabilities=Total Assets (A: Dec. 2025 )-Total Equity (A: Dec. 2025 )
=383240.502-166800.074
=216,440

Meituan's Total Liabilities for the quarter that ended in Mar. 2026 is calculated as

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=134243.069+(105906.115+6287.333
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=246,437

Total Liabilities=Total Assets (Q: Mar. 2026 )-Total Equity (Q: Mar. 2026 )
=416645.099-170208.582
=246,437

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Total Liabilities →
What does a Total Liabilities of HK$246,437 Mil mean?
Meituan (HKSE:03690) has a Total Liabilities of HK$246,437 Mil as of Mar. 2026. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Meituan and its competitors.
Is Meituan's Total Liabilities too high?
Meituan's current Total Liabilities is HK$246,437 Mil. Overall, Meituan has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Meituan's Total Liabilities compare to AMZN and BABA?
Meituan's Total Liabilities of HK$246,437 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Liabilities for a Retail - Cyclical company?
A good Total Liabilities depends on the Retail - Cyclical industry context. However, Total Liabilities should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Liabilities mean?
A high Total Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Meituan and its competitors. Meituan's current Total Liabilities is HK$246,437 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meituan stock overvalued right now?
Based on GuruFocus' analysis, Meituan (HKSE:03690) is currently considered Possible Value Trap. The stock's GF Value™ is HK$160.57, compared to a current price of HK$85.85 — trading 46.5% below its estimated fair value. The current Total Liabilities is HK$246,437 Mil. Meituan's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Liabilities calculated?
Total Liabilities is calculated from a company's financial statements. For Meituan (HKSE:03690), the current Total Liabilities is HK$246,437 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Meituan (HKSE:03690) Overvalued in 2026?

Based on GuruFocus' analysis, Meituan stock appears to be undervalued. The current stock price of HK$85.85 is trading 46.5% below its estimated GF Value™ of HK$160.57. GuruFocus considers Meituan to be Possible Value Trap.

Key valuation signals for HKSE:03690:

  • Total Liabilities: HK$246,437 Mil
  • GF Value™: HK$160.57 vs. price of HK$85.85 (46.5% below fair value)
  • GF Score™: 77/100 with 3 warning signs

No single metric tells the full story. See the HKSE:03690 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meituan Business Description

Address No. 4 Wang Jing East Road, Block B and C, Hengjiweiye Building, Chaoyang District, Beijing, CHN, 100102
Despite intense competition, Meituan remains the largest food delivery platform in China as of April 2026, according to our estimates. In 2025, the firm generated 72% of its revenue from the core local commerce segment, which includes on-demand food delivery and retail, in-store services (such as visiting beauty and entertainment stores after purchasing deals on Meituan), and hotel and travel booking. The remaining revenue came from the new initiatives segment, such as the community group purchase business Meituan Select and the overseas food delivery business.
77GF Score

Get the complete analysis for HKSE:03690

Total Liabilities is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$85.85
Price
HK$160.57
GF Value