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PLAGPlanet Green Holdings Corp.
$2.01$16M
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HomeStocksPLAGBalance Sheet

Planet Green Holdings Corp. (PLAG) Balance Sheet

21Y historyFree accessUpdated daily

The capital structure is increasingly fragile, evidenced by a shift to negative equity of -$1.8 million and a current ratio of 0.70 as of 2026Q1.

PLAG Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07Dec'06Dec'05
Total Current Assets11.58M4.81M7.19M22.36M13.83M27.3M13.52M18.16M14.99M16.94M66.82M191.05M201.93M185.41M160.16M128.42M97.99M96.64M63.54M73.39M1.07K1.08K
Cash & Short-Term Investments5.47M118.96K193.92K237.21K93.49K750.66K3.42M7.27M1.06M85.49K426.05K20.66M30.28M33.86M32.35M17.35M22.18M19.43M2.95M6.78M1.07K1.08K
Cash Only5.47M118.96K193.92K237.21K93.49K750.66K3.42M7.27M1.06M85.49K426.05K20.66M30.28M33.86M32.35M17.35M12.73M12.11M2.84M6.77M1.07K1.08K
Short-Term Investments00000000000000009.45M7.32M113.07K7.25K00
Accounts Receivable4.47M2.95M4.28M3.62M3.59M12.67M835.38K337.09K6.55M2.34M3.96M38.35M66.99M59.77M53.6M47.62M34.72M48.41M30.4M45.75M18.9M0
Days Sales Outstanding158.19353.78232.1274.8929.28122.4983.8111.2349.91167.3318.1565.02112.39101.3481.6281.5168.81120.3883.83203.4--
Inventory1.62M737.97K851.74K1.42M4.15M7.82M2.25M1.94M-6.34B10.59M11.84M43.71M51.65M41.95M38.07M34.35M29.81M26.4M24.83M17.9M00
Days Inventory Outstanding78.4991.6352.0932.3437.5284.11346.811.52K-707.5262.4989.04104.9788.9773.774.5376.4684.4889.54105.51--
Other Current Assets001.23K10.89M0380.75K1.09M7.05M05.53M20.72M80.53M4.2M2.02M175.21K180.77K8.54M199.87K3.72M0-38.5M0
Total Non-Current Assets5.3M5.4M18.23M20.27M46.89M58.71M8.45M7.74M2.22M51.55M81.43M118.49M134.61M117.63M90.21M90.27M76.99M45.17M44.15M27.07M00
Property, Plant & Equipment4.58M4.68M11.06M12.3M22.6M23.55M4.6M4.15M139.95K37.48M52.37M90.37M112.04M109.63M83.99M84.38M72.1M41.28M40.2M24.02M00
Fixed Asset Turnover1.38x0.65x0.61x1.44x1.98x1.60x0.79x0.27x48.80x0.14x1.52x2.38x1.94x1.96x2.85x2.53x2.55x3.56x3.29x3.42x--
Goodwill15.33K7K4.72M4.72M4.72M18.18M2.34M00003.22M10.33M000000000
Intangible Assets701.21K717.31K819.07K980K3.07M4.2M1.52M1.53M013.17M12.59M16.19M2.08M111.95K108.56K5.43M4.88M48.41M30.4M3.05M00
Long-Term Investments1.65M01.62M2.26M16.49M3.84M0000118.47K3.08M3.26M-180.68M270.02K472.27K-103.71M00000
Other Non-Current Assets000033.26M7.77M02.05M2.08M896.1K16.36M5.63M6.9M7.89M-169.38M-164.39M20.3K16.09K0000
Total Assets16.88M10.21M25.42M42.63M60.72M86.02M21.97M25.9M17.21M68.49M148.25M309.54M336.54M303.05M250.37M218.7M174.98M141.81M107.7M100.46M1.07K1.08K
Asset Turnover0.51x0.30x0.26x0.41x0.74x0.44x0.17x0.04x0.40x0.07x0.54x0.70x0.65x0.71x0.96x0.97x1.05x1.03x1.23x0.82x--
Asset Growth %-199.24%-59.83%-40.38%-29.79%-29.41%291.51%-15.17%50.48%-74.87%-53.8%-52.1%-8.02%11.05%21.04%14.48%24.98%23.39%31.68%7.2%9423820.45%-1.57%-
Total Current Liabilities16.48M11.88M13.31M23.16M19.57M34.38M3.63M4.79M9.92M79.28M82.16M97M91.49M46.03M42.58M46.15M40.61M46.77M39.42M51.93M43.91K15.34K
Accounts Payable6.63M2.11M3.18M3.02M3.53M6.24M1.3M765.43K579.23K4.15M5.51M4.37M10.07M4.02M3.65M3.9M6.28M2.61M6.07M6.25M2.33M15.34K
Days Payables Outstanding170.82262.5194.368.5231.8767.12200.67601.5932.41277.2129.18.920.478.527.068.4616.128.3721.936.85--
Short-Term Debt3.62M5.26M1.64M03.59M6.82M0136.04K054.29M51.62M42.48M70.38M35.11M32.95M36.08M29.63M35.49M19.62M26.81M27K0
Deferred Revenue (Current)948.19K213.13K368.23K2.49M2.68M6.26M15.68K52.72K3.5K485.3K1.35M237.31K61.43K166.45K1.43K6.18M89.37M8.66M12.97M4.24M00
Other Current Liabilities5.13M009.53M9.78M02.11M215.84K8.85M10.45M15.41M48.36M7.9M5.31M270.88K2.52M31.86K6.3M10.33M14.62M-3.13M0
Current Ratio0.70x0.40x0.54x0.97x0.71x0.79x3.73x3.79x1.51x0.21x0.81x1.97x2.21x4.03x3.76x2.78x2.41x2.07x1.61x1.41x0.02x0.07x
Quick Ratio0.60x0.34x0.48x0.90x0.49x0.57x3.11x3.39x640.41x0.08x0.67x1.52x1.64x3.12x2.87x2.04x1.68x1.50x0.98x1.07x0.02x0.07x
Cash Conversion Cycle65.86182.9189.9138.7134.93139.48229.931.03K-597.6451.54145.16196.89181.79148.26147.58129.15196.49151.47272.07--
Total Non-Current Liabilities2.05M500.49K411K30.31K560.92K380.35K31.36K373.73K00010.57M35.29M53.9M27.08M15.6M5.03M294.87K576.98K102.54K00
Long-Term Debt2.05M500.49K411K3.81M287.17K380.35K31.36K00009.54M35.29M53.9M27.08M15.6M5.03M294.87K576.98K102.54K00
Capital Lease Obligations0000000373.73K000694.99K0000000000
Deferred Tax Liabilities000000000005.08M70.55M000000000
Other Non-Current Liabilities000-3.78M273.76K0-10000326.59K0000000000
Total Liabilities18.53M12.38M13.72M23.19M20.13M34.76M3.66M5.16M9.92M79.28M82.16M107.57M126.78M99.94M69.66M61.75M45.64M47.07M40M52.03M43.91K15.34K
Total Debt5.66M5.76M2.05M3.81M3.88M7.64M31.36K534.53K055.36M52.62M72.5M105.67M89.02M60.03M51.67M34.66M35.78M20.2M26.91M27K0
Net Debt193.55K5.64M1.86M3.57M3.78M6.89M-3.38M-6.74M-1.06M55.27M52.2M51.84M75.39M55.16M27.68M34.32M21.93M23.67M17.36M20.14M25.93K-1.08K
Debt / Equity-3.44x-0.18x0.20x0.10x0.15x0.00x0.03x--0.80x0.36x0.50x0.44x0.33x0.33x0.27x0.38x0.30x0.56x--
Debt / EBITDA-0.36x----------3.89x4.99x2.97x1.72x1.71x1.19x1.49x0.90x1.74x--
Net Debt / EBITDA-0.01x----------2.78x3.56x1.84x0.80x1.13x0.76x0.98x0.78x1.30x--
Interest Coverage-90.81x-113.31x-104.71x-1692.81x-23.09x-14.37x-476.29x-31.15x-11466.62x-10.58x-17.66x2.57x1.90x5.51x8.31x11.89x6.76x6.83x7.74x6.18x6429.44x-
Total Equity-1.65M-2.17M11.69M19.44M40.59M51.26M18.31M20.73M7.29M-10.79M66.1M201.97M209.77M203.11M180.7M156.95M129.34M94.74M67.7M48.43M-42.85K-14.26K
Equity Growth %-376.38%-118.56%-39.85%-52.1%-20.82%179.91%-11.69%184.45%167.55%-116.33%-67.27%-3.72%3.28%12.4%15.13%21.34%36.52%39.94%39.79%113126.02%-200.58%-
Book Value per Share-0.12-0.271.612.676.8220.6918.1130.0624.48-70.49431.841360.651510.221466.84130.82112.99100.4190.1867.2448.58-0.06-0.02
Total Shareholders' Equity-1.83M-2.17M11.69M19.44M40.59M46.91M18.31M20.73M8.31M-3.05M58.77M194.13M196.74M192.1M170.75M148.32M121.91M88.72M62.58M44.54M-42.85K-14.26K
Common Stock14.23K14.23K7.28K7.28K72.08K35.58K11.81K7.88K5.5K38.27K38.27K38.26K34.92K34.62K34.62K34.51K34.42K30.24K25.17K24.92K2.26K1.96K
Retained Earnings-174.72M-175.03M-148.05M-140.72M-119.88M-94.07M-84.33M-73.28M-79.04M-99.63M-36.4M101.39M99.02M99.26M84.1M65.94M48.69M38.46M27.75M13.99M-208.9K-177.31K
Treasury Stock0000000000000000000000
Accumulated OCI2.68M2.66M3.97M4.39M4.69M7.71M6.97M8.2M12.6M38.69M37.27M34.86M43.84M39.32M33.13M15.35M9.48M6.07M5.18M6.34M1M0
Minority Interest185.44K-3.38K0004.35M00-1.02M-7.75M7.33M7.84M13.02M11M9.95M8.63M7.43M6.02M5.12M3.89M00

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Imminent Liquidity Exhaustion

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Asset Base Rapidly Eroding

As reported in recent financial filings, Planet Green Holdings Corp. has seen total assets contract from $42.9 million in 2024Q1 to $16.9 million by 2026Q1, signaling a significant reduction in the company's operational footprint and a deteriorating trajectory for its long-term business viability.

The consistent decline in total assets suggests that the company is liquidating or writing down its resource base to sustain operations. This trend implies that the firm's capacity to generate future revenue is shrinking, which warrants extreme caution regarding its ability to remain a going concern.

Critical Cash Position Threatens Operations

Based on the latest quarterly data, the company's cash reserves plummeted to a nominal $118,956 by 2025Q4, which, according to reported figures, represents a severe liquidity shortfall that leaves the firm with virtually no buffer against operational shocks or unexpected capital requirements.

A current ratio that has consistently hovered below 1.0 indicates that the company lacks sufficient liquid assets to cover its short-term obligations. This precarious liquidity position suggests that the firm may be forced to seek dilutive financing or divest core assets to meet immediate cash needs.

Negative Equity Reflects Value Destruction

According to the balance sheet, the company's equity position has shifted into negative territory, reaching -$1.8 million in 2026Q1, which, as indicated by historical financial statements, highlights the cumulative impact of persistent net losses and the erosion of shareholder value over the past ten quarters.

The transition to negative equity suggests that liabilities now exceed the total value of assets, effectively wiping out the book value for shareholders. This state of insolvency implies that the company's capital structure is fundamentally broken and requires a significant restructuring to restore any semblance of financial health.

Asset Quality and Composition Risks

Financial statements reveal that net property, plant, and equipment have declined from $19.8 million in 2024Q1 to $4.6 million in 2026Q1, suggesting that the company is aggressively shedding its physical infrastructure in an attempt to manage its mounting financial pressures.

The rapid reduction in PPE, coupled with the minimal goodwill remaining on the books, indicates that the company's asset base is becoming increasingly hollow. Investors should monitor whether these asset sales are providing meaningful liquidity or if they are merely delaying an inevitable liquidity event.

Hidden Risks in Capital Structure

As noted in regulatory disclosures, the company's reliance on debt despite a shrinking asset base, with $5.7 million in total debt reported in 2026Q1, creates a leverage distortion that makes the firm's financial position appear far more fragile than headline figures might otherwise suggest.

The presence of debt on a balance sheet with negative equity and minimal cash reserves is a significant red flag that warrants further investigation into the terms of these obligations. This structure implies that creditors may have priority claims that could further jeopardize the recovery prospects for equity holders.

PLAG — Frequently Asked Questions

Quick answers to the most common questions about buying PLAG stock.

What are the total assets of Planet Green Holdings Corp. (PLAG)?

As of 2025, Planet Green Holdings Corp. (PLAG) had total assets of $10.2M including $4.8M in current assets.

How much debt does Planet Green Holdings Corp. (PLAG) have?

Planet Green Holdings Corp. (PLAG) carries total debt of $5.8M, offset by $0.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Planet Green Holdings Corp.?

Planet Green Holdings Corp. (PLAG) has total shareholders' equity (book value) of $-2.2M ($-0.27 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Planet Green Holdings Corp.'s current ratio and liquidity?

Planet Green Holdings Corp. (PLAG) reported a current ratio of 0.40x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.