The company's financial position is increasingly precarious, with cash reserves plummeting to $3.6 million in 2026Q1 from a peak of $28.8 million in 2023Q4, leaving minimal room for operational error.
| Total Current Assets | 44.95M | 45.63M | 65.92M | 104.93M | 203.01M | 281.07M | 20.13M | 11.21M | 23.14M | 4.49M | 3.6M | 6.79M | 2.61M |
| Cash & Short-Term Investments | 3.61M | 4.48M | 12.55M | 33.02M | 153.97M | 261.07M | 4.55M | 1.23M | 1.36M | 1.41M | 879.01K | 4.78M | 1.94M |
| Cash Only | 3.61M | 4.48M | 12.55M | 28.79M | 153.97M | 261.07M | 4.55M | 1.23M | 1.36M | 1.41M | 879.01K | 4.78M | 1.94M |
| Short-Term Investments | 0 | 0 | 0 | 4.23M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.18M | 7.76M | 8.58M | 8.95M | 6.75M | 7.31M | 463.33K | 2.54M | 5.55M | 1.29M | 0 | 127.42K | 99.14K |
| Days Sales Outstanding | 147.98 | 156.7 | 100.04 | 313.39 | 275.64 | 311.24 | 30.97 | 259.24 | 26.35 | 164.32 | - | 33.47 | 64.94 |
| Inventory | 21.99M | 21.94M | 24.01M | 29.18M | 31.84M | 8.14M | 4.21M | 6.59M | 14.65M | 1.58M | 2.23M | 921.45K | 183.23K |
| Days Inventory Outstanding | 491.75 | 392.55 | 369.99 | 1.21K | 1.23K | 420.03 | 314.1 | 650.01 | 101.2 | 300.98 | 550.47 | 257.01 | 80.52 |
| Other Current Assets | 18.17M | 2.42M | 2.7M | 21.2M | 570.79K | 864.96K | 10.91M | 192.71K | 0 | 198.54K | 496.72K | 956.81K | 383.65K |
| Total Non-Current Assets | 28.3M | 28.8M | 66.65M | 80.61M | 64.84M | 10.29M | 2.63M | 30.96M | 29.79M | 80.88K | 80.88K | 86.31K | 108.72K |
| Property, Plant & Equipment | 17.3M | 17.77M | 27.35M | 40.06M | 23.15M | 2.97M | 1.46M | 14.89M | 2.61M | 0 | 0 | 13.21K | 21.14K |
| Fixed Asset Turnover | 0.82x | 1.02x | 1.14x | 0.26x | 0.39x | 2.89x | 3.73x | 0.24x | 29.48x | - | - | 105.14x | 26.36x |
| Goodwill | 0 | 0 | 0 | 223.49K | 0 | 0 | 0 | 0 | 1.61M | 0 | 0 | 0 | 0 |
| Intangible Assets | 6.09M | 6.14M | 6.23M | 6.87M | 4.56M | 3.31K | 45.43K | 15.63M | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 69.79M | 3.85M | 31.01M | 30.76M | 35.08M | 329.2K | 0 | 327.37K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.03M | 1.03M | 2.06M | 2.7M | -22.75M | 6.99M | 1.12M | 110.13K | 24.65M | 0 | 0 | 73.09K | 87.58K |
| Total Assets | 73.25M | 74.43M | 132.57M | 185.54M | 267.85M | 291.36M | 22.76M | 42.17M | 52.93M | 4.57M | 3.69M | 6.87M | 2.72M |
| Asset Turnover | 0.18x | 0.24x | 0.24x | 0.06x | 0.03x | 0.03x | 0.24x | 0.08x | 1.45x | 0.63x | 0.50x | 0.20x | 0.21x |
| Asset Growth % | -142.55% | -43.86% | -28.55% | -30.73% | -8.07% | 1180.22% | -46.03% | -20.34% | 1059.22% | 23.9% | -46.38% | 152.87% | - |
| Total Current Liabilities | 26.58M | 26.66M | 29.11M | 29.3M | 70.25M | 26.4M | 14.54M | 33.3M | 43.55M | 603.86K | 2.33M | 2.12M | 365.99K |
| Accounts Payable | 4.85M | 5.53M | 5.14M | 4.88M | 3.38M | 3.68M | 3.72M | 7.19M | 16.36M | 375.25K | 897.47K | 486.97K | 299.89K |
| Days Payables Outstanding | 79.77 | 99.01 | 79.13 | 202.28 | 130.59 | 189.83 | 277.88 | 708.96 | 112.98 | 71.28 | 221.66 | 135.82 | 131.79 |
| Short-Term Debt | 1.46M | 7.74M | 10.94M | 10.06M | 57.37M | 2.16M | 6.67M | 18.88M | 14.54M | 3.45K | 559.23K | 1.12M | 3.45K |
| Deferred Revenue (Current) | 4.96M | 3.13M | 4.22M | 2.56M | 2.42M | 1.94M | 0 | 1.92M | 97.11K | 6.07K | 5.47K | 5.21K | 0 |
| Other Current Liabilities | 20.27M | 3.75M | 3.36M | 5.24M | 3.19M | 14.76M | 2.67M | 263.58K | 12.56M | 219.09K | 865.7K | 507.24K | 62.65K |
| Current Ratio | 1.69x | 1.71x | 2.26x | 3.58x | 2.89x | 10.65x | 1.39x | 0.34x | 0.53x | 7.43x | 1.55x | 3.21x | 7.13x |
| Quick Ratio | 0.86x | 0.89x | 1.44x | 2.59x | 2.44x | 10.34x | 1.10x | 0.14x | 0.20x | 4.80x | 0.59x | 2.77x | 6.63x |
| Cash Conversion Cycle | 559.96 | 450.25 | 390.9 | 1.32K | 1.37K | 541.44 | 67.2 | 200.29 | 14.56 | 394.02 | - | 154.66 | 13.68 |
| Total Non-Current Liabilities | 9.04M | 7.39M | 25.49M | 34.37M | 25.71M | 1.19M | 356.14K | 456.59K | 2.08M | 0 | 37.04K | 170.37K | 4.58M |
| Long-Term Debt | 3.72M | 1.21M | 362.39K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 605.85K |
| Capital Lease Obligations | 11.36M | 841.45K | 7.59M | 16.34M | 7.42M | 490K | 356.14K | 456.59K | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 593.2K | 142.31K | 171.56K | 228.09K | 0 | 0 | 0 | 0 | 436.97K | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5.19M | 3.46M | 15.59M | 15.88M | 17.79M | 700K | 0 | 0 | 1.65M | 0 | 0 | 170.37K | 3.97M |
| Total Liabilities | 35.62M | 34.05M | 54.61M | 63.67M | 95.96M | 27.59M | 14.89M | 33.76M | 45.64M | 603.86K | 2.36M | 2.29M | 4.94M |
| Total Debt | 5.18M | 11.23M | 22.32M | 30.6M | 66.11M | 3.49M | 7.16M | 19.61M | 14.54M | 3.45K | 559.23K | 1.12M | 609.3K |
| Net Debt | 1.57M | 6.75M | 9.77M | 1.8M | -87.86M | -257.58M | 2.61M | 18.38M | 13.18M | -1.41M | -319.79K | -3.66M | -1.33M |
| Debt / Equity | 0.14x | 0.28x | 0.29x | 0.25x | 0.38x | 0.01x | 0.91x | 2.33x | 1.99x | 0.00x | 0.42x | 0.24x | - |
| Debt / EBITDA | -0.17x | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.05x | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -127.01x | -71.85x | -172.23x | - | -61.84x | -14.35x | -2.68x | -17.42x | -11.50x | -43.67x | -90.40x | -1.34x | -6.25x |
| Total Equity | 37.63M | 40.38M | 77.96M | 121.87M | 171.89M | 263.77M | 7.87M | 8.41M | 7.3M | 3.96M | 1.32M | 4.59M | -2.22M |
| Equity Growth % | -141.67% | -48.2% | -36.03% | -29.1% | -34.83% | 3253.25% | -6.44% | 15.24% | 84.13% | 200.06% | -71.21% | 306.24% | - |
| Book Value per Share | 25.68 | 48.26 | 151.67 | 240.33 | 391.66 | 605.78 | 18.07 | 494591.00 | 999999.00 | - | - | - | - |
| Total Shareholders' Equity | 37.55M | 40.28M | 77.84M | 121.87M | 172.37M | 263.77M | 7.89M | 8.4M | 7.3M | 3.96M | 1.32M | 4.59M | -2.22M |
| Common Stock | 147 | 147 | 0 | 0 | 0 | 0 | 0 | 1K | 93.07M | 10.34K | 6.56K | 6.07K | 40.42K |
| Retained Earnings | -395.78M | -391.87M | -318.89M | -274.02M | -219.82M | -109.74M | -93.31M | -88.15M | -84.38M | -62.97M | -57.18M | -46.38M | -27.32M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -5.08M | -5.59M | -9.03M | -6.44M | -5.31M | -1.39M | -1.9M | -3.2M | -1.4M | 7.9K | 1.66M | 8.76K | 8.76K |
| Minority Interest | 84.16K | 97.81K | 122.21K | -4.24K | -477.13K | 0 | -28.64K | 10.57K | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and solvency crisis
According to the latest quarterly balance sheet, total assets have plummeted from $185.5 million in 2023Q4 to just $73.3 million by 2026Q1, reflecting a consistent and aggressive contraction that suggests the company is struggling to maintain its operational scale amidst persistent, deep-seated financial losses.
The steady decline in total assets indicates that the company is consuming its resource base to fund ongoing operations rather than reinvesting for growth. This trajectory suggests that the business model is failing to achieve the necessary scale to stabilize its asset base, raising significant concerns regarding long-term viability.
Based on reported figures, cash reserves have dwindled from a peak of $28.8 million in 2023Q4 to a precarious $3.6 million as of 2026Q1, which represents a severe reduction in the company's ability to absorb further operational shocks or fund necessary working capital requirements.
The rapid depletion of cash reserves relative to the company's historical burn rate suggests that liquidity is becoming the primary constraint on operations. Investors should monitor this trend closely, as the current cash position appears insufficient to support the company's existing cost structure for any extended period.
As reported in financial statements, the company's retained earnings have deteriorated to a staggering -$395.8 million in 2026Q1, a clear indicator that years of operational losses have systematically eroded shareholder equity and undermined the company's fundamental financial health since its transition into the electric vehicle sector.
The accumulation of such significant negative retained earnings highlights a persistent inability to generate value for shareholders. This trend suggests that the company's capital allocation strategy has been ineffective, and the continued erosion of equity may necessitate further dilutive financing to maintain basic corporate functions.
Analysis of the balance sheet reveals that goodwill and net PPE represent a significant portion of the remaining $73.3 million in total assets, which warrants further investigation into potential impairment risks given the company's inability to generate positive cash flow or maintain consistent revenue growth.
The reliance on non-liquid assets like PPE and goodwill in a distressed environment may mask the true severity of the company's financial position. If these assets are not generating sufficient returns, their carrying values may be overstated, potentially leading to future write-downs that would further weaken the balance sheet.
Quick answers to the most common questions about buying CENN stock.
As of 2025, Cenntro Electric Group Limited (CENN) had total assets of $74.4M including $45.6M in current assets.
Cenntro Electric Group Limited (CENN) carries total debt of $11.2M, offset by $4.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Cenntro Electric Group Limited (CENN) has total shareholders' equity (book value) of $40.3M ($48.26 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Cenntro Electric Group Limited (CENN) reported a current ratio of 1.71x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.