The firm's financial stability is severely compromised, with total assets plummeting from $89.4 million to $12.7 million and a cash position of only $9,542.
| Total Current Assets | 12.07M | 77.7M | 64.74M | 5.76M | 5.62M | 21.36M | 26.13M |
| Cash & Short-Term Investments | 9.54K | 124.38K | 268.1K | 28.75K | 178.08K | 322.47K | 981.73K |
| Cash Only | 9.54K | 124.38K | 268.1K | 28.75K | 178.08K | 322.47K | 981.73K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 11.99M | 77.17M | 63.36M | 37.47M | 30.91M | 14.17M | 23.45M |
| Days Sales Outstanding | 240.02 | 946.37 | 675.98 | 474.04 | 478.9 | 580.54 | 456.9 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 1.8M | 0 |
| Days Inventory Outstanding | - | - | - | - | - | 131.96 | - |
| Other Current Assets | 71.15K | 405.14K | 1.12M | 347K | 599.94K | 5.04M | 1.7M |
| Total Non-Current Assets | 656.35K | 11.66M | 8.05M | 2M | 855.07K | 6.07M | 3.9M |
| Property, Plant & Equipment | 155.56K | 1.29M | 1.91M | 360.67K | 442.23K | 2.94M | 3.14M |
| Fixed Asset Turnover | 117.16x | 23.05x | 17.95x | 79.99x | 53.27x | 3.04x | 5.97x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 5.63K | 16.4K | 28.16K | 10.38K | 20.4K | 28.69K |
| Long-Term Investments | 0 | 1.25M | 688.89K | 1.33M | 4.74K | 0 | 0 |
| Other Non-Current Assets | 0 | 7.9M | 5.4M | 231.83K | 340.01K | 2.45M | 735.87K |
| Total Assets | 12.72M | 89.36M | 72.79M | 7.76M | 6.47M | 27.43M | 30.03M |
| Asset Turnover | 1.43x | 0.33x | 0.47x | 3.72x | 3.64x | 0.32x | 0.62x |
| Asset Growth % | -85.76% | 22.76% | 838.64% | 19.81% | -76.4% | -8.64% | - |
| Total Current Liabilities | 8.29M | 51.71M | 40.52M | 4.04M | 18.73M | 12.05M | 116.37K |
| Accounts Payable | 5.61M | 36.35M | 23.78M | 14.86M | 2M | 4.28M | 7.73M |
| Days Payables Outstanding | 192.05 | 716.41 | 380.35 | 1.96K | 313.31 | 313.25 | 240.34 |
| Short-Term Debt | 825.92K | 5.45M | 8.43M | 5.53M | 1.9M | 2.41M | 1.78M |
| Deferred Revenue (Current) | 4.12K | 28.03K | 28.43K | 4.2K | 28.18K | 27.54K | -9.51M |
| Other Current Liabilities | 696.23K | 419.85K | 6.68M | -18.77M | 2.16M | 3.05M | -2.99M |
| Current Ratio | 1.46x | 1.50x | 1.60x | 1.43x | 0.30x | 1.77x | 224.52x |
| Quick Ratio | 1.46x | 1.50x | 1.60x | 1.43x | 0.30x | 1.62x | 224.52x |
| Cash Conversion Cycle | - | - | - | - | - | 399.25 | - |
| Total Non-Current Liabilities | 51.16K | 213.97K | 185.44K | 40.47K | 135.49K | 0 | 0 |
| Long-Term Debt | 51.16K | 213.97K | 79.46K | 47.86K | 135.49K | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 105.98K | 233.5K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | -240.88K | 0 | 0 | 0 |
| Total Liabilities | 8.34M | 51.92M | 40.71M | 4.08M | 2.96M | 12.05M | 116.37K |
| Total Debt | 877.08K | 5.66M | 8.73M | 5.9M | 2.04M | 2.41M | 1.78M |
| Net Debt | 867.53K | 5.54M | 8.46M | 819.63K | 141.54K | 2.08M | 796.97K |
| Debt / Equity | 0.20x | 0.15x | 0.27x | 1.60x | 0.58x | 0.16x | 0.11x |
| Debt / EBITDA | - | 2.42x | 0.98x | 0.92x | 0.26x | - | 0.51x |
| Net Debt / EBITDA | - | 2.36x | 0.95x | 0.13x | 0.02x | - | 0.23x |
| Interest Coverage | -126.20x | 14.66x | 81.14x | 14.84x | 111.36x | -12.36x | 17.53x |
| Total Equity | 4.38M | 37.44M | 31.93M | 3.68M | 3.51M | 15.39M | 15.88M |
| Equity Growth % | -88.29% | 17.26% | 768.38% | 4.65% | -77.16% | -3.09% | - |
| Book Value per Share | 9.03 | 90.69 | 74.60 | 8.59 | 8.21 | 34.34 | 35.44 |
| Total Shareholders' Equity | 4.38M | 37.28M | 31.9M | 25M | 21.27M | 14.15M | 14.66M |
| Common Stock | 4.84K | 27.06K | 23K | 23K | 23K | 23K | 23K |
| Retained Earnings | 2.04M | 24.46M | 23.24M | 19.02M | 13.24M | 5.4M | 7.94M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 286.75K | 1.22M | 1.18M | -1.49M | 559.75K | 1.27M | -754.75K |
| Minority Interest | 3.89K | 154.28K | 25.89K | 80K | 175.75K | 1.24M | 1.22M |
Acute liquidity and insolvency
According to recent financial statements, CDTG's total assets have plummeted from $89.4 million in 2024Q4 to $12.7 million by 2025Q4, signaling a rapid deterioration in the company's underlying asset base and a significant contraction in its overall financial scale within the rural sanitation market.
The sharp decline in total assets suggests that the company is struggling to maintain its operational footprint, likely due to the loss of project-based revenue streams. This trajectory indicates that the firm's balance sheet is shrinking faster than it can adapt, which may limit its ability to secure future municipal contracts.
As reported in the 2025Q4 balance sheet, CDTG holds a nominal cash balance of only $9,542, a figure that represents a near-total exhaustion of liquidity and leaves the company with virtually no buffer to absorb further operational shocks or meet immediate short-term financial obligations.
The current cash position is alarmingly low relative to the company's historical operating expenses, suggesting that the firm may be facing an imminent funding gap. Investors should monitor for any signs of emergency financing or asset liquidation, as the current liquidity profile appears insufficient to support ongoing business activities.
Based on the 2025Q4 data, the company's asset composition is heavily skewed away from productive capital, with net PPE of only $155.6K and negligible goodwill, indicating that the firm lacks the tangible infrastructure necessary to sustain a competitive advantage in the capital-intensive waste management sector.
The minimal investment in PPE suggests that the company may be operating with aging or insufficient equipment, which could hinder its ability to service O&M contracts effectively. The lack of significant intangible assets further implies that the firm's market position is not supported by proprietary technology or brand equity.
As indicated by the financial filings, shareholders' equity has collapsed from $37.3 million in 2024Q4 to $4.4 million in 2025Q4, reflecting a massive erosion of book value that likely stems from persistent operating losses and the potential impairment of the company's capital structure.
The rapid decline in equity suggests that the company is consuming its capital base to fund ongoing operations, which may necessitate future dilutive financing if the firm is to remain a going concern. This trend warrants close investigation into the sustainability of the current capital allocation strategy.
Quick answers to the most common questions about buying CDTG stock.
As of 2025, CDT Environmental Technology Investment Holdings Limited ordinary shares (CDTG) had total assets of $12.7M including $12.1M in current assets.
CDT Environmental Technology Investment Holdings Limited ordinary shares (CDTG) carries total debt of $0.9M, offset by $0.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
CDT Environmental Technology Investment Holdings Limited ordinary shares (CDTG) has total shareholders' equity (book value) of $4.4M ($9.03 book value per share). Book value represents the net worth of the company belonging to common stock holders.
CDT Environmental Technology Investment Holdings Limited ordinary shares (CDTG) reported a current ratio of 1.46x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.