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KE Holdings, Inc. Class A (2423) Ratios
KE Holdings, Inc. Class A Ratios
HK:2423's free cash flow for Q2 2026 was $0.00. For the 2026 fiscal year, HK:2423's free cash flow was decreased by $-6.56B and operating cash flow was $6.56B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.61 | 1.45 | 1.76 | 2.11 | 2.42 |
| Quick Ratio | 1.54 | 1.42 | 1.76 | 2.11 | 2.42 |
| Cash Ratio | 0.38 | 0.22 | 0.50 | 0.86 | 1.13 |
| Solvency Ratio | 0.08 | 0.08 | 0.15 | 0.00 | 0.02 |
| Operating Cash Flow Ratio | -0.01 | 0.18 | 0.28 | 0.30 | 0.15 |
| Short-Term Operating Cash Flow Coverage | -0.52 | 32.77 | 38.41 | 15.89 | 9.54 |
| Net Current Asset Value | $ 18.25B | $ 14.90B | $ 21.62B | $ 25.19B | $ 29.24B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.16 | 0.17 | 0.15 | 0.10 | 0.06 |
| Debt-to-Equity Ratio | 0.28 | 0.32 | 0.25 | 0.18 | 0.11 |
| Debt-to-Capital Ratio | 0.22 | 0.24 | 0.20 | 0.15 | 0.10 |
| Long-Term Debt-to-Capital Ratio | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Leverage Ratio | 1.76 | 1.87 | 1.67 | 1.78 | 1.83 |
| Debt Service Coverage Ratio | 2.24 | 6.75 | 22.95 | -1.38 | -1.94 |
| Interest Coverage Ratio | 292.47 | 131.87 | 170.39 | -57.50 | -114.28 |
| Debt to Market Cap | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 |
| Interest Debt Per Share | 5.65 | 6.65 | 5.12 | 3.42 | 2.12 |
| Net Debt to EBITDA | 0.87 | 2.27 | -0.18 | -20.23 | -33.03 |
| Profitability Margins | |||||
| Gross Profit Margin | 21.37% | 24.55% | 27.92% | 26.41% | 23.61% |
| EBIT Margin | 2.35% | 4.19% | 10.16% | -1.13% | -0.75% |
| EBITDA Margin | 3.52% | 5.27% | 11.96% | 1.35% | 0.94% |
| Operating Profit Margin | 2.35% | 4.03% | 6.17% | -1.37% | -1.68% |
| Pretax Profit Margin | 4.95% | 7.35% | 10.14% | 0.48% | 1.41% |
| Net Profit Margin | 3.17% | 4.35% | 7.56% | -2.28% | -0.65% |
| Continuous Operations Profit Margin | 3.16% | 4.36% | 7.57% | -2.30% | -0.65% |
| Net Income Per EBT | 64.01% | 59.17% | 74.62% | -474.21% | -45.95% |
| EBT Per EBIT | 210.00% | 182.47% | 164.35% | -35.09% | -84.19% |
| Return on Assets (ROA) | 2.50% | 3.05% | 4.89% | -1.13% | -0.43% |
| Return on Equity (ROE) | 4.39% | 5.70% | 8.16% | -2.01% | -0.78% |
| Return on Capital Employed (ROCE) | 2.92% | 4.68% | 5.94% | -0.93% | -1.44% |
| Return on Invested Capital (ROIC) | 1.62% | 2.37% | 3.96% | 4.61% | 0.77% |
| Return on Tangible Assets | 2.62% | 3.20% | 5.14% | -1.19% | -0.44% |
| Earnings Yield | 2.35% | 2.68% | 4.45% | -1.19% | -0.59% |
| Efficiency Ratios | |||||
| Receivables Turnover | 16.43 | 17.00 | 24.49 | 14.57 | 7.04 |
| Payables Turnover | 11.96 | 7.43 | 8.97 | 9.22 | 13.14 |
| Inventory Turnover | 25.37 | 43.80 | 184.28 | 427.45 | 4111.27 |
| Fixed Asset Turnover | 4.34 | 3.63 | 3.97 | 4.06 | 7.16 |
| Asset Turnover | 0.79 | 0.70 | 0.65 | 0.49 | 0.66 |
| Working Capital Turnover Ratio | 3.72 | 3.46 | 2.31 | 1.55 | 1.70 |
| Cash Conversion Cycle | 6.10 | -19.33 | -23.81 | -13.70 | 24.17 |
| Days of Sales Outstanding | 22.22 | 21.47 | 14.91 | 25.05 | 51.86 |
| Days of Inventory Outstanding | 14.39 | 8.33 | 1.98 | 0.85 | 0.09 |
| Days of Payables Outstanding | 30.51 | 49.14 | 40.70 | 39.60 | 27.79 |
| Operating Cycle | 36.61 | 29.81 | 16.89 | 25.90 | 51.95 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | -0.11 | 2.77 | 3.17 | 2.76 | 1.22 |
| Free Cash Flow Per Share | -0.29 | 2.47 | 2.92 | 2.50 | 0.74 |
| Dividend Paid and CapEx Coverage Ratio | -0.11 | 2.44 | 4.85 | 10.67 | 2.51 |
| Capital Expenditure Coverage Ratio | -0.62 | 9.11 | 12.77 | 10.67 | 2.51 |
| Operating Cash Flow Coverage Ratio | -0.02 | 0.42 | 0.62 | 0.81 | 0.58 |
| Operating Cash Flow to Sales Ratio | -0.00 | 0.10 | 0.14 | 0.16 | 0.05 |
| Free Cash Flow Yield | -0.77% | 5.54% | 7.78% | 7.65% | 2.94% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 42.36 | 37.41 | 22.48 | -84.13 | -169.58 |
| Price-to-Sales (P/S) Ratio | 1.35 | 1.62 | 1.70 | 1.92 | 1.10 |
| Price-to-Book (P/B) Ratio | 1.87 | 2.13 | 1.83 | 1.69 | 1.33 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -129.36 | 18.05 | 12.86 | 13.08 | 34.06 |
| Price-to-Operating Cash Flow Ratio | -338.35 | 16.07 | 11.85 | 11.85 | 20.51 |
| Price-to-Earnings Growth (PEG) Ratio | -1.63 | -1.30 | -0.04 | -0.53 | 1.09 |
| Enterprise Value Multiple | 39.12 | 33.07 | 14.04 | 122.35 | 83.52 |
| Enterprise Value | 126.81B | 163.01B | 130.61B | 100.06B | 63.69B |
| EV to EBITDA | 39.12 | 33.07 | 14.04 | 122.35 | 83.52 |
| EV to Sales | 1.38 | 1.74 | 1.68 | 1.65 | 0.79 |
| EV to Free Cash Flow | -132.31 | 19.38 | 12.70 | 11.22 | 24.41 |
| EV to Operating Cash Flow | -346.06 | 17.25 | 11.71 | 10.17 | 14.70 |
| Tangible Book Value Per Share | 18.47 | 19.19 | 18.82 | 19.87 | 22.27 |
| Shareholders’ Equity Per Share | 19.98 | 20.92 | 20.47 | 19.31 | 18.87 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.36 | 0.41 | 0.25 | 5.78 | 1.46 |
| Revenue Per Share | 27.70 | 27.41 | 22.09 | 17.00 | 22.75 |
| Net Income Per Share | 0.88 | 1.19 | 1.67 | -0.39 | -0.15 |
| Tax Burden | 0.64 | 0.59 | 0.75 | -4.74 | -0.46 |
| Interest Burden | 2.10 | 1.75 | 1.00 | -0.43 | -1.88 |
| Research & Development to Revenue | 0.03 | 0.02 | 0.02 | 0.05 | 0.05 |
| SG&A to Revenue | 0.17 | 0.18 | 0.11 | 0.12 | 0.11 |
| Stock-Based Compensation to Revenue | 0.00 | 0.03 | 0.04 | 0.04 | 0.02 |
| Income Quality | -0.13 | 2.32 | 1.89 | -7.10 | -8.27 |
Currency in CNY
