Electrovaya Inc. (ELVA) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | 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 |
|---|
| Total Current Assets | 66.73M | 62.23M | 41.96M | 42.28M | 35.3M | 35.5M | 29.42M | 27.59M | 27.17M | 24.68M | 25.91M | 23.02M | 18.54M | 18.22M | 14.79M | 14.02M | 13.61M | 8.91M | 12.03M | 11.29M |
| Cash & Short-Term Investments | 23.61M | 22.68M | 6.36M | 1.29M | 283K | 8.17M | 781K | 534K | 1.12M | 624.79K | 1.03M | 723K | 553K | 136K | 626K | 955K | 738K | 470K | 4.2M | 885K |
| Cash Only | 23.61M | 22.68M | 6.36M | 1.29M | 283K | 8.17M | 781K | 534K | 1.12M | 624.79K | 1.03M | 723K | 553K | 136K | 626K | 955K | 738K | 470K | 4.2M | 885K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 19.53M | 13.96M | 16.47M | 19.1M | 18.07M | 11.13M | 11.29M | 8.16M | 8.88M | 8.62M | 10.61M | 10.15M | 8.18M | 8.09M | 2.91M | 2.98M | 3.91M | 1.39M | 1.34M | 2.52M |
| Days Sales Outstanding | 84.69 | 90.02 | 80.79 | 98.73 | 87.5 | 92.34 | 77.43 | 75.44 | 74.44 | 73.17 | 55.67 | 80.89 | 88.35 | 66.47 | 29.08 | 72.86 | 55.63 | 100.61 | 71.29 | 117.83 |
| Inventory | 15.06M | 13.76M | 12.45M | 12.1M | 7.98M | 8.06M | 9.7M | 12.43M | 11.26M | 9.24M | 8.27M | 5.9M | 5.09M | 5.77M | 7.36M | 5.09M | 5.21M | 4.93M | 4.67M | 4.86M |
| Days Inventory Outstanding | 105.56 | 115.51 | 79.83 | 77.04 | 69.79 | 105.28 | 118.63 | 158.15 | 133.85 | 94.07 | 52.42 | 67.86 | 74.4 | 103.54 | 75.97 | 145.73 | 142.31 | 499.34 | 162.76 | 330.07 |
| Other Current Assets | 0 | 2.44M | 656K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.19M |
| Total Non-Current Assets | 39.65M | 37.7M | 21.98M | 11.59M | 10.12M | 9.57M | 10.06M | 10.22M | 10.41M | 10.65M | 10.61M | 10.55M | 10.5M | 2.45M | 7.4M | 2.65M | 2.81M | 2.84M | 2.95M | 3.1M |
| Property, Plant & Equipment | 15.48M | 14.97M | 13.04M | 11.33M | 10.04M | 8.81M | 9.97M | 9.43M | 9.71M | 9.99M | 10.15M | 10.44M | 10.39M | 2.36M | 7.31M | 2.56M | 2.71M | 2.75M | 2.87M | 3.02M |
| Fixed Asset Turnover | 1.17x | 1.11x | 1.66x | 1.60x | 1.59x | 1.19x | 1.19x | 1.07x | 1.09x | 1.20x | 1.67x | 0.99x | 1.30x | 1.57x | 1.89x | 1.63x | 1.57x | 0.45x | 0.85x | 0.64x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 21.99M | 20.57M | 6.87M | 259K | 85K | 758K | 90K | 788K | 705K | 603K | 459K | 105K | 103K | 90K | 88K | 94K | 97K | 95K | 79K | 80K |
| Total Assets | 105.88M | 99.94M | 63.93M | 53.87M | 45.42M | 45.07M | 39.48M | 37.81M | 37.58M | 35.45M | 36.51M | 33.56M | 29.03M | 20.67M | 22.19M | 16.67M | 16.42M | 11.75M | 14.98M | 14.39M |
| Asset Turnover | 0.17x | 0.19x | 0.34x | 0.35x | 0.33x | 0.26x | 0.30x | 0.27x | 0.29x | 0.34x | 0.49x | 0.33x | 0.33x | 0.36x | 0.48x | 0.26x | 0.30x | 0.09x | 0.17x | 0.13x |
| Asset Growth % | 133.09% | 121.75% | 61.92% | 42.48% | 20.87% | 27.12% | 8.13% | 12.65% | 29.45% | 71.54% | 64.56% | 101.39% | 76.81% | 75.87% | 48.15% | 15.78% | 13.59% | 10.46% | 40.73% | 33.57% |
| Total Current Liabilities | 8.72M | 10.34M | 10.08M | 10.49M | 9.07M | 22.86M | 28.53M | 27.94M | 27.39M | 25.25M | 26.61M | 25.06M | 21.17M | 15.01M | 22.66M | 19.85M | 18.58M | 12M | 13.45M | 14.43M |
| Accounts Payable | 5.05M | 6.92M | 6.75M | 7.17M | 6.11M | 4.75M | 7.04M | 5.6M | 4.89M | 5.75M | 6.04M | 5.76M | 2.39M | 3.68M | 3.13M | 1.71M | 3.05M | 1.26M | 1.66M | 3.17M |
| Days Payables Outstanding | 43.86 | 60.25 | 45.27 | 50.95 | 47.22 | 69.83 | 67.76 | 70.07 | 69.52 | 63.35 | 43.66 | 50.29 | 41.54 | 53.74 | 29.53 | 67.23 | 60.46 | 151.84 | 82.58 | 211.16 |
| Short-Term Debt | 599.97K | 0 | 0 | 0 | 0 | 15.28M | 18.43M | 18.16M | 18.04M | 16.34M | 16.3M | 16.91M | 16.8M | 9.74M | 17.25M | 16.14M | 13.03M | 8.43M | 8.64M | 8.33M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66K | 21K | 70K | 543K | 819K | 749K | 1M | 2.4M |
| Other Current Liabilities | 341.04K | 0 | 144K | 251K | 113K | 138K | 155K | 326K | 925K | 2.16M | 1.49M | 0 | 0 | 0 | -70K | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 7.66x | 6.02x | 4.16x | 4.03x | 3.89x | 1.55x | 1.03x | 0.99x | 0.99x | 0.98x | 0.97x | 0.92x | 0.88x | 1.21x | 0.65x | 0.71x | 0.73x | 0.74x | 0.89x | 0.78x |
| Quick Ratio | 5.93x | 4.69x | 2.93x | 2.88x | 3.01x | 1.20x | 0.69x | 0.54x | 0.58x | 0.61x | 0.66x | 0.68x | 0.63x | 0.83x | 0.33x | 0.45x | 0.45x | 0.33x | 0.55x | 0.45x |
| Cash Conversion Cycle | 146.39 | 145.28 | 115.35 | 124.81 | 110.07 | 127.78 | 128.31 | 163.52 | 138.78 | 103.9 | 64.43 | 98.45 | 121.21 | 116.27 | 75.52 | 151.36 | 137.48 | 448.11 | 151.46 | 236.74 |
| Total Non-Current Liabilities | 34.17M | 29.28M | 22.73M | 21.05M | 15.22M | 2.15M | 2.37M | 2.25M | 2.44M | 2.69M | 2.76M | 2.52M | 2.52M | 2.63M | 6.23M | 2.91M | 3.03M | 3.16M | 3.22M | 3.34M |
| Long-Term Debt | 31.93M | 27.26M | 20.74M | 18.83M | 13.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.46M | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 1.77M | 1.4M | 1.46M | 1.57M | 1.56M | 1.63M | 1.87M | 1.97M | 2.11M | 2.29M | 2.34M | 2.17M | 2.17M | 2.23M | 2.23M | 2.44M | 2.56M | 2.69M | 2.75M | 2.85M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 865K | 619K | 525K | 641K | 574K | 517K | 495K | 275K | 322K | 404K | 419K | 355K | 345K | 410K | 542K | 476K | 472K | 473K | 469K | 489K |
| Total Liabilities | 42.89M | 39.62M | 32.8M | 31.54M | 24.29M | 25.01M | 30.9M | 30.19M | 29.82M | 27.94M | 29.37M | 27.58M | 23.69M | 17.64M | 28.9M | 22.76M | 21.61M | 15.16M | 16.67M | 17.77M |
| Total Debt | 34.77M | 28.98M | 22.56M | 20.82M | 15.08M | 17.37M | 20.77M | 20.58M | 20.59M | 19.04M | 19.03M | 19.28M | 19.16M | 12.14M | 23.11M | 18.89M | 15.9M | 11.27M | 11.53M | 11.31M |
| Net Debt | 11.15M | 6.3M | 16.2M | 19.52M | 14.79M | 9.2M | 19.99M | 20.04M | 19.47M | 18.41M | 18M | 18.56M | 18.61M | 12M | 22.48M | 17.93M | 15.16M | 10.8M | 7.33M | 10.43M |
| Debt / Equity | 0.55x | 0.48x | 0.72x | 0.93x | 0.71x | 0.87x | 2.42x | 2.70x | 2.65x | 2.53x | 2.66x | 3.22x | 3.59x | 4.01x | - | - | - | - | - | - |
| Debt / EBITDA | 17.74x | 16.23x | 7.87x | 8.86x | 8.75x | 136.80x | 20.27x | - | 20.52x | 100.22x | 4.01x | 16.96x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 5.69x | 3.53x | 5.65x | 8.31x | 8.58x | 72.47x | 19.51x | - | 19.41x | 96.91x | 3.79x | 16.32x | - | - | - | - | - | - | - | - |
| Interest Coverage | 2.83x | 2.94x | 0.99x | 3.01x | 2.29x | 0.39x | 0.88x | 0.54x | 0.09x | 0.72x | 1.14x | - | -1.05x | -0.33x | 0.16x | -1.35x | -2.32x | -2.65x | -1.25x | -3.92x |
| Total Equity | 62.99M | 60.32M | 31.13M | 22.33M | 21.13M | 20.06M | 8.59M | 7.62M | 7.76M | 7.52M | 7.15M | 5.99M | 5.34M | 3.03M | -6.71M | -6.1M | -5.19M | -3.41M | -1.7M | -3.37M |
| Equity Growth % | 198.11% | 200.71% | 262.57% | 193.1% | 172.43% | 166.88% | 20.14% | 27.32% | 45.27% | 148.3% | 206.55% | 198.15% | 202.91% | 188.79% | -295.46% | -80.95% | -166.87% | 60.13% | 80.54% | 62.16% |
| Book Value per Share | 1.22 | 1.32 | 0.74 | 0.49 | 0.53 | 0.57 | 0.25 | 0.22 | 0.23 | 0.22 | 0.21 | 0.18 | 0.16 | 0.10 | -0.23 | -0.21 | -0.18 | -0.12 | -0.06 | -0.12 |
| Total Shareholders' Equity | 62.99M | 60.32M | 31.13M | 22.33M | 21.13M | 20.06M | 8.59M | 7.62M | 7.76M | 7.52M | 7.15M | 5.99M | 5.34M | 3.03M | -6.71M | -6.1M | -5.19M | -3.41M | -1.7M | -3.37M |
| Common Stock | 169.71M | 163.11M | 134.87M | 128.06M | 128.06M | 127.99M | 116.41M | 116.4M | 116.4M | 115.07M | 115.04M | 111.79M | 111.76M | 113.85M | 103.31M | 103.27M | 103.11M | 102.79M | 102.5M | 99.76M |
| Retained Earnings | -124.23M | -124.84M | -125.88M | -127.93M | -128.84M | -129.66M | -129.24M | -129.13M | -131.5M | -130.66M | -127.76M | -135.02M | -135.09M | -137.38M | -128.97M | -133M | -131.53M | -129.28M | -127.13M | -125.1M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 6.08M | 5.97M | 5.91M | 5.36M | 5.6M | 5.69M | 5.79M | 5.2M | 8.53M | 13.48M | 5.89M | 15.53M | 15.32M | 13.32M | 6.13M | 13.37M | 13.35M | 13.33M | 13.34M | 13.37M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |