Daqo New Energy Corp. (DQ) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 2.56B | 2.69B | 2.61B | 2.52B | 2.58B | 2.63B | 2.9B | 2.93B | 3.3B | 3.58B | 3.84B | 4.27B | 5.19B | 4.89B | 4.74B | 4.66B | 2.75B | 1.74B | 1.51B | 429.72M |
| Cash & Short-Term Investments | 1.92B | 2.07B | 982.9M | 1.98B | 2.09B | 2.1B | 2.31B | 1.22B | 2.69B | 3.05B | 3.28B | 3.17B | 4.14B | 3.51B | 3.08B | 3.3B | 1.14B | 1B | 1.08B | 237.55M |
| Cash Only | 559.42M | 980.29M | 551.56M | 598.59M | 791.93M | 1.01B | 853.4M | 997.48M | 2.69B | 3.05B | 3.28B | 3.17B | 4.13B | 3.5B | 3.05B | 3.28B | 1.13B | 723.77M | 660.91M | 227.15M |
| Short-Term Investments | 1.36B | 1.09B | 431.34M | 1.38B | 1.29B | 1.1B | 1.46B | 219.47M | 0 | 0 | 2.75M | 2.76M | 5.82M | 13.93M | 31.73M | 11.39M | 10.41M | 280.25M | 414.2M | 10.4M |
| Accounts Receivable | 20.78M | 135.52M | 156.99M | 49.06M | 62.82M | 55.15M | 84.51M | 80.72M | 194.09M | 116.39M | 275.84M | 798.46M | 791.35M | 1.13B | 1.57B | 1.27B | 1.5B | 365.91M | 353.37M | 96.98M |
| Days Sales Outstanding | 263.2 | 60.69 | 38.7 | 68.21 | 42.37 | 32.88 | 38.29 | 56.92 | 34.07 | 37.56 | 101.92 | 114.84 | 121.9 | 143.88 | 107.15 | 101.26 | 65.47 | 83.65 | 35.36 | 13.97 |
| Inventory | 258.28M | 169.1M | 121.44M | 167.6M | 125.92M | 149.94M | 206.88M | 191.97M | 191.16M | 187.59M | 129.07M | 159.49M | 191.71M | 169.52M | 73.27M | 52.26M | 100.31M | 327.77M | 46.23M | 33.81M |
| Days Inventory Outstanding | 115.8 | 64.79 | 56.52 | 85.92 | 59.75 | 62.98 | 70.81 | 46.04 | 50.29 | 37.1 | 31.83 | 42.75 | 80.03 | 57.16 | 23.95 | 23.36 | 41.21 | 110.48 | 24.45 | 22.36 |
| Other Current Assets | 365.92M | 321.14M | 1.35B | 327.83M | 303.16M | 312.69M | 292.61M | 272.4M | 229.89M | 224.65M | 150.63M | 137.29M | 70.22M | 73.8M | 12.79M | 39.53M | 14.41M | 41.88M | 7.34M | 48.21M |
| Total Non-Current Assets | 3.78B | 3.75B | 3.73B | 3.77B | 3.73B | 3.79B | 4.15B | 4.01B | 3.94B | 3.85B | 3.46B | 3.06B | 3B | 2.7B | 2.17B | 1.83B | 1.66B | 1.6B | 1.48B | 1.29B |
| Property, Plant & Equipment | 3.4B | 3.4B | 3.41B | 3.45B | 3.46B | 3.5B | 3.9B | 3.78B | 3.73B | 3.63B | 3.24B | 2.92B | 2.88B | 2.61B | 2.04B | 1.76B | 1.62B | 1.56B | 1.44B | 1.22B |
| Fixed Asset Turnover | 0.01x | 0.07x | 0.07x | 0.02x | 0.04x | 0.05x | 0.05x | 0.06x | 0.11x | 0.14x | 0.16x | 0.22x | 0.26x | 0.37x | 0.64x | 0.74x | 0.81x | 0.26x | 0.44x | 0.38x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 157.39M | 155.58M | 0 | 154.08M | 152.85M | 152.87M | 159.85M | 155.2M | 157.05M | 150.36M | 147.77M | 94.61M | 80.22M | 80.33M | 77.55M | 38.2M | 40.59M | 40.74M | 36.88M | 37.02M |
| Long-Term Investments | 64.59M | 63.21M | 0 | 33.58M | 0 | 27.64M | 28.54M | 27.37M | 0 | 25.03M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 693K | 692K |
| Other Non-Current Assets | 158.99M | 135.31M | 318.55M | 133.48M | 120.28M | 22.39M | 59.34M | 229.1M | 54.69M | 45.05M | 70.96M | 42.53M | 35.67M | 17.6M | 47.89M | 25.55M | 800K | 820K | 93K | 155K |
| Total Assets | 6.34B | 6.45B | 6.34B | 6.29B | 6.31B | 6.42B | 7.05B | 6.94B | 7.25B | 7.43B | 7.3B | 7.33B | 8.19B | 7.59B | 6.91B | 6.48B | 4.41B | 3.34B | 2.99B | 1.72B |
| Asset Turnover | 0.00x | 0.03x | 0.04x | 0.01x | 0.02x | 0.03x | 0.03x | 0.03x | 0.06x | 0.07x | 0.07x | 0.08x | 0.09x | 0.12x | 0.18x | 0.23x | 0.33x | 0.12x | 0.25x | 0.28x |
| Asset Growth % | 0.45% | 0.43% | -10.02% | -9.37% | -12.93% | -13.58% | -3.38% | -5.25% | -11.51% | -2.2% | 5.64% | 12.97% | 85.6% | 127.12% | 130.98% | 277.7% | 206.64% | 169.84% | 149.32% | 48.06% |
| Total Current Liabilities | 425.74M | 497.83M | 462.34M | 446.82M | 458.76M | 521.24M | 629.06M | 641.6M | 719.94M | 836.43M | 810.32M | 713.25M | 940.9M | 736.54M | 909.78M | 835.66M | 924.06M | 550.5M | 428.81M | 395.26M |
| Accounts Payable | 118.89M | 129.66M | 83.26M | 49.63M | 28.69M | 26.45M | 40.86M | 64.21M | 67.33M | 92.88M | 100.47M | 104.62M | 97.4M | 81.88M | 107.72M | 115.34M | 56.42M | 81.47M | 22.23M | 18.3M |
| Days Payables Outstanding | 67.34 | 47.48 | 25.98 | 22.93 | 11.94 | 11.88 | 18.65 | 15.81 | 21.27 | 22.65 | 22.62 | 24.59 | 39.72 | 44.64 | 42.56 | 26.29 | 13.28 | 30.63 | 12.38 | 11.91 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 6.82M | 0 | 0 | 0 | 0 | 0 | 0 | 140M | 20.69M | 0 | 0 | 0 | 0 | 0 | 128.2M |
| Deferred Revenue (Current) | 23.54M | 0 | 24.22M | 20.98M | 0 | 37.19M | 56.24M | 59.02M | 128.7M | 148.98M | 252.26M | 199.4M | 184.94M | 121.99M | 420.07M | 375.41M | 465.97M | 202.96M | 179.99M | 115.86M |
| Other Current Liabilities | 32.08M | 368.17M | 354.86M | 376.21M | 430.06M | 0 | 77.6M | 518.37M | 523.92M | 518.91M | 457.59M | 409.23M | 518.56M | 0 | 381.99M | 344.92M | 401.67M | 0 | 179.62M | 0 |
| Current Ratio | 6.02x | 5.41x | 5.65x | 5.65x | 5.62x | 5.05x | 4.61x | 4.57x | 4.59x | 4.28x | 4.74x | 5.98x | 5.52x | 6.64x | 5.21x | 5.57x | 2.98x | 3.17x | 3.52x | 1.09x |
| Quick Ratio | 5.41x | 5.07x | 5.39x | 5.27x | 5.34x | 4.76x | 4.28x | 4.27x | 4.32x | 4.05x | 4.58x | 5.76x | 5.31x | 6.41x | 5.13x | 5.51x | 2.87x | 2.57x | 3.41x | 1.00x |
| Cash Conversion Cycle | 311.66 | 78 | 69.23 | 131.2 | 90.17 | 83.98 | 90.45 | 87.16 | 63.09 | 52 | 111.13 | 133 | 162.22 | 156.4 | 88.54 | 98.32 | 93.41 | 163.5 | 47.44 | 24.42 |
| Total Non-Current Liabilities | 23.84M | 31.39M | 35M | 36.32M | 38.58M | 39.14M | 95.22M | 120.87M | 141.93M | 124.01M | 137.73M | 160.56M | 266.06M | 252.95M | 124.53M | 138.5M | 148.67M | 129.32M | 114.66M | 178.18M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70.95M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 544K | 0 | 0 | 0 | 10.15M | 0 | 0 | 0 | 80.54M | 0 | 0 | 0 | 16.73M | 2.52M | 2.53M |
| Other Non-Current Liabilities | 18.33M | 31.39M | 18.08M | 18.12M | 38.58M | 0 | 18.49M | 18.01M | 28.33M | 0 | 33.53M | 31.72M | 105.79M | 0 | 51.33M | 42.85M | 49.26M | 0 | 0 | 4.38M |
| Total Liabilities | 449.58M | 529.22M | 497.34M | 483.13M | 497.34M | 560.38M | 724.28M | 762.47M | 861.87M | 960.44M | 948.05M | 873.81M | 1.21B | 989.49M | 1.03B | 974.16M | 1.07B | 679.82M | 543.46M | 573.44M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 6.82M | 0 | 0 | 0 | 0 | 0 | 0 | 140M | 20.69M | 0 | 0 | 0 | 0 | 0 | 199.15M |
| Net Debt | -559.42M | -980.29M | -551.56M | -598.59M | -791.93M | -999.71M | -853.4M | -997.48M | -2.69B | -3.05B | -3.28B | -3.17B | -3.99B | -3.48B | -3.05B | -3.28B | -1.13B | -723.77M | -660.91M | -28M |
| Debt / Equity | - | - | - | - | - | 0.00x | - | - | - | - | - | - | 0.02x | 0.00x | - | - | - | - | - | 0.17x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | 0.29x | 0.03x | - | - | - | - | - | 0.64x |
| Net Debt / EBITDA | - | -24.69x | -14.73x | - | - | - | - | - | -34.19x | -33.49x | -163.02x | -12.85x | -8.14x | -5.37x | -4.24x | -3.44x | -1.37x | -2.92x | -1.50x | -0.09x |
| Interest Coverage | - | - | - | - | - | - | - | -25.31x | - | 385.65x | - | - | - | - | 91.32x | 252.28x | 544.64x | 115.59x | 65.70x | 40.48x |
| Total Equity | 5.89B | 5.92B | 5.84B | 5.81B | 5.81B | 5.86B | 6.32B | 6.18B | 6.39B | 6.45B | 6.35B | 6.45B | 6.98B | 6.6B | 5.87B | 5.51B | 3.34B | 2.66B | 2.45B | 1.14B |
| Equity Growth % | 1.31% | 1% | -7.58% | -6.01% | -8.97% | -9.16% | -0.36% | -4.23% | -8.55% | -2.37% | 8.1% | 17.08% | 109.07% | 147.94% | 140.02% | 381.93% | 277.32% | 233.43% | 257.23% | 81.1% |
| Book Value per Share | 87.04 | 87.59 | 86.53 | 86.36 | 87.87 | 87.94 | 95.38 | 93.60 | 97.17 | 92.24 | 85.73 | 83.75 | 88.58 | 79.17 | 76.60 | 71.79 | 43.59 | 34.72 | 31.90 | 14.91 |
| Total Shareholders' Equity | 4.39B | 4.41B | 4.35B | 4.33B | 4.33B | 4.36B | 4.71B | 4.59B | 4.72B | 4.76B | 4.73B | 4.87B | 5.06B | 4.81B | 4.29B | 4.05B | 2.71B | 2.16B | 1.99B | 1.1B |
| Common Stock | 0 | 4.41B | 0 | 0 | 4.33B | 42K | 0 | 4.59B | 4.72B | 41K | 4.73B | 4.87B | 5.06B | 40K | 4.29B | 4.05B | 2.71B | 38K | 37K | 37K |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 2.98B | 0 | 0 | 0 | 3.33B | 0 | 0 | 0 | 2.9B | 0 | 0 | 0 | 1.08B | 937.77M | 645.44M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | -617.61M | 0 | 0 | 0 | -612.61M | 0 | 0 | 0 | -126.68M | 0 | 0 | 0 | -1.75M | -1.75M | -1.75M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | -413.21M | 0 | 0 | 0 | -294M | 0 | 0 | 0 | -176.03M | 0 | 0 | 0 | 67.77M | 39.75M | 34.86M |
| Minority Interest | 1.5B | 1.51B | 1.49B | 1.48B | 1.48B | 1.5B | 1.62B | 1.59B | 1.67B | 1.69B | 1.61B | 1.58B | 1.92B | 1.8B | 1.59B | 1.46B | 634.32M | 501.87M | 456.14M | 46.89M |