The company's liquidity position has weakened significantly, with cash reserves plummeting from $127.4 million in 2023Q4 to just $10.1 million by 2025Q2.
| Total Current Assets | 233.13M | 251.33M | 293.3M | 230.89M | 227.8M | 60.4M | 43.71M | 38.42M | 38.58M | 34.58M | 16.84M | 11.74M | 15.14M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 59.78M | 27.89M | 97.97M | 93.86M | 4.18M | 971.84K | 33.43M | 6.46M | 55.32K | 2.43M | 1.93M | 162.71K | 5.27M |
| Total Non-Current Assets | 1.36M | 20.09M | 22.6M | 52.52M | 46.18M | 47.7M | 41.09M | 18.23M | 15.97M | 12.5M | 13.3M | 11.04M | 6.04M |
| Property, Plant & Equipment | 16.43K | 1.97M | 3.27M | 4.07M | 943.63K | 2.12M | 13.8M | 13.49M | 15.67M | 12.26M | 12.87M | 10.87M | 5.87M |
| Fixed Asset Turnover | 338.64x | 172.69x | 118.40x | 57.55x | 169.77x | 19.90x | 1.53x | 1.88x | 1.86x | 2.21x | 1.79x | 1.54x | 2.45x |
| Goodwill | 0 | 17.05M | 17.66M | 23.81M | 25.77M | 25.17M | 11.07M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 205.03K | 882.83K | 1.8M | 2.85M | 3.73M | 5.12M | 969.34K | 1.09M | 1.07M | 1.2M | 1.33M | 1.4M |
| Long-Term Investments | 1.27M | 457.42K | 368.53K | 22.54M | 16.61M | 16.22M | 3.71M | 3.05M | -1.09M | 0 | -1.2M | -1.33M | -1.4M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 234.49M | 271.42M | 315.9M | 283.42M | 273.98M | 108.1M | 84.8M | 56.65M | 54.55M | 47.08M | 30.13M | 22.78M | 21.18M |
| Asset Turnover | 2.53x | 1.25x | 1.22x | 0.83x | 0.58x | 0.39x | 0.25x | 0.45x | 0.54x | 0.58x | 0.76x | 0.73x | 0.68x |
| Asset Growth % | -31.38% | -14.08% | 11.46% | 3.45% | 153.46% | 27.47% | 49.68% | 3.86% | 15.87% | 56.23% | 32.29% | 7.56% | - |
| Total Current Liabilities | 86.69M | 59.47M | 111.09M | 90.47M | 88.72M | 26.8M | 28.23M | 19.68M | 13.19M | 15.4M | 13.65M | 9.76M | 11.52M |
| Accounts Payable | 26.08M | 38.86M | 45.46M | 40.93M | 35M | 1.31M | 224.04K | 1.36M | 1.28M | 1.19M | 1.55M | 715.78K | 1.77M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 6.22M | 1.97M | 8.46M | 11.31M | 10.53M | 1.95M | 3.99M | 692.44K | 287.99K | 814.12K | 850.96K | 1.13M |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 53.81M | 2.27M | 22.34K | 12.15M | 35.07M | 12.21M | 23.86M | 0 | 7.07M | 8.81M | 9.12M | 6.74M | 7.52M |
| Current Ratio | 2.69x | 4.23x | 2.64x | 2.55x | 2.57x | 2.25x | 1.55x | 1.95x | 2.93x | 2.25x | 1.23x | 1.20x | 1.31x |
| Quick Ratio | 2.69x | 4.23x | 2.64x | 2.55x | 2.57x | 2.25x | 1.55x | 1.95x | 2.93x | 2.25x | 1.23x | 1.20x | 1.31x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 538.19K | 818.13K | 1.76M | 3.15M | 653.02K | 1.36M | 2.63M | 212.35K | 826.6K | 532.77K | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 54.73K | 212.35K | 414.91K | 532.77K | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 87.22M | 60.29M | 112.84M | 93.62M | 89.38M | 28.16M | 30.86M | 19.9M | 14.02M | 15.93M | 13.65M | 9.76M | 11.52M |
| Total Debt | 0 | 7.99M | 4.48M | 11.9M | 11.8M | 11.95M | 3.96M | 4.21M | 1.52M | 820.76K | 814.12K | 850.96K | 1.13M |
| Net Debt | -10.08M | -37.03M | -109.98M | -52M | -79.65M | -10.19M | 508.13K | 3.26M | -1.7M | -11.06M | -303.53K | 474.49K | 944.75K |
| Debt / Equity | 0.00x | 0.04x | 0.02x | 0.06x | 0.06x | 0.15x | 0.07x | 0.11x | 0.04x | 0.03x | 0.05x | 0.07x | 0.12x |
| Debt / EBITDA | 0.00x | 1.68x | 0.21x | 0.63x | 0.30x | 1.02x | 0.72x | - | 0.32x | 0.10x | 0.13x | 0.17x | 0.27x |
| Net Debt / EBITDA | -0.43x | -7.80x | -5.23x | -2.74x | -2.02x | -0.87x | 0.09x | - | -0.36x | -1.31x | -0.05x | 0.09x | 0.23x |
| Interest Coverage | - | - | - | - | - | - | 7.43x | -10.05x | 74.70x | 160.95x | 109.12x | 67.82x | 109.04x |
| Total Equity | 147.27M | 211.13M | 203.05M | 189.8M | 184.6M | 79.94M | 53.94M | 36.76M | 40.53M | 31.15M | 16.48M | 13.01M | 9.66M |
| Equity Growth % | -10.27% | 3.98% | 6.99% | 2.81% | 130.93% | 48.21% | 46.73% | -9.31% | 30.13% | 88.98% | 26.65% | 34.73% | - |
| Book Value per Share | 32.22 | 52.09 | 51.49 | 47.61 | 85.83 | 43.01 | 33.15 | 23.32 | 27.58 | 25.86 | 13.73 | 10.84 | 8.05 |
| Total Shareholders' Equity | 142.9M | 206.76M | 198.8M | 185.63M | 180.63M | 76.84M | 53.95M | 36.76M | 40.53M | 31.15M | 16.48M | 13.01M | 9.66M |
| Common Stock | 49.85K | 47.25K | 40.18K | 40.06K | 39.81K | 20.55K | 17.71K | 16.27K | 14.7K | 14.7K | 12K | 1K | 1K |
| Retained Earnings | 2.16M | 72.52M | 68.4M | 53.21M | 37.82M | 14.38M | 27.47M | 24.73M | 29.88M | 22.74M | 16.81M | 12.41M | 9M |
| Treasury Stock | -728.28K | -1.25M | -261.59K | -355.84K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 143.72K | -4.26M | 89.57K | 2.23M | 12.45M | 2.97M | -1.91M | -1.35M | 402.39K | -1.85M | -445.57K | 482.32K | 538.32K |
| Minority Interest | 4.37M | 4.37M | 4.26M | 4.17M | 3.97M | 3.09M | -9.81K | 0 | 0 | 0 | 0 | 0 | 0 |
Rapid liquidity depletion
According to recent financial statements, NISN's total assets have contracted from a peak of $320.0 million in 2023Q2 to $234.5 million by 2025Q2, signaling a significant reduction in the company's resource base and potential loss of scale within its core supply chain facilitation operations.
The consistent decline in total assets over the last two years suggests that the company is struggling to maintain its footprint in regional trade hubs. This downward trajectory warrants further investigation into whether the firm is intentionally downsizing or if it is losing access to the capital required to sustain its asset-heavy intermediary model.
Based on reported figures, NISN's cash position plummeted from $127.4 million in 2023Q4 to just $10.1 million in 2025Q2, representing a severe depletion of liquidity that leaves the company with a significantly reduced buffer against operational shocks or potential credit defaults within its SME ecosystem.
The rapid burn of cash reserves suggests that the company's current operating model is highly inefficient at generating internal liquidity. Investors should monitor whether this cash depletion is a result of strategic capital allocation or an inability to cover operating expenses without external financing.
As reported in recent filings, equity has declined from a peak of $206.8 million in 2024Q4 to $142.9 million in 2025Q2, a trend that appears driven by the accumulation of net losses and the erosion of retained earnings over the most recent reporting periods.
The deterioration in equity quality suggests that the company is failing to create long-term shareholder value through its current business configuration. The decline in retained earnings implies that the firm is not generating sufficient profits to reinvest in its operations, potentially limiting future growth prospects.
Based on the provided balance sheet data, the complete disappearance of goodwill from $23.8 million in 2022Q4 to $0 in 2025Q2 suggests significant write-downs, which may indicate that previous acquisitions have failed to deliver the expected synergies or strategic value to the firm's fintech ecosystem.
The total removal of goodwill from the balance sheet is a non-obvious risk factor that implies past capital allocation decisions were likely overvalued. This development suggests that the company's historical growth strategy may have been built on assets that lacked the durability or profitability originally anticipated by management.
Quick answers to the most common questions about buying NISN stock.
As of 2024, Nisun International Enterprise Development Group Co., Ltd (NISN) had total assets of $271.4M including $251.3M in current assets.
Nisun International Enterprise Development Group Co., Ltd (NISN) carries total debt of $8.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Nisun International Enterprise Development Group Co., Ltd (NISN) has total shareholders' equity (book value) of $206.8M ($52.09 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Nisun International Enterprise Development Group Co., Ltd (NISN) reported a current ratio of 4.23x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.