The company's financial position has deteriorated significantly, evidenced by retained earnings plummeting to negative $73.1M and a current ratio of 0.72 as of 2025Q3.
| Metric | TTM | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Dec'06 | Dec'04 |
|---|
| Total Current Assets | 34.92M | 20.9M | 40.92M | 59.74M | 49.28M | 59.52M | 60.96M | 56.16M | 44.73M | 35.53M | 28.26M | 19M | 17.37M | 4.16M | 4.24M |
| Cash & Short-Term Investments | 192.74K | 366.14K | 625.97K | 938.01K | 16.34M | 32.37M | 35.33M | 31.49M | 23.31M | 22.11M | 6.14M | 3.09M | 1.96M | 64.27K | 64.27K |
| Cash Only | 192.74K | 366.14K | 625.97K | 938.01K | 16.34M | 32.37M | 35.33M | 31.49M | 23.15M | 22.01M | 6.06M | 3.09M | 1.96M | 64.27K | 64.27K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 158.89K | 100.27K | 87.45K | 0 | 0 | 0 | 0 |
| Accounts Receivable | 9.68M | 1.22M | 34.59K | 1.82M | 2.82M | 11.01M | 9.87M | 15.87M | 15.02M | 8.25M | 11.7M | 6.72M | 1.9M | 1.6M | 1.6M |
| Days Sales Outstanding | 120.99 | 45.25 | 22.93 | 304.08 | 340.52 | 169.65 | 115.41 | 131.93 | 163.15 | 85.5 | 130.93 | 78.45 | 19.89 | 277.89 | 185.87 |
| Inventory | 204.47K | 1.59M | 324.41K | 0 | 1.32M | 1.8M | 2.22M | 2.36M | 2.35M | 4.61M | 8.3M | 5.5M | 7.57M | 2.31M | 2.31M |
| Days Inventory Outstanding | 431.25 | 65 | 279.07 | - | 66.55 | 37.4 | 36.35 | 29.65 | 37.48 | 69.73 | 135.99 | 92.55 | 108.93 | 1.01K | 658.42 |
| Other Current Assets | 22.12M | 7.67M | 37.9M | 56.95M | 21M | 3.15M | 1.71M | 1.47M | 2.35M | 100.27K | 1.91M | 3.53M | 70.12K | 186.08K | 265.12K |
| Total Non-Current Assets | 50.58M | 63.28M | 22.55M | 4.09M | 12.04M | 19.57M | 22.78M | 26.94M | 23.56M | 21.52M | 23.88M | 23.22M | 13.2M | 204.59K | 125.54K |
| Property, Plant & Equipment | 141.74K | 6.43M | 1.35M | 1.65K | 5.84M | 12.72M | 10.67M | 11.7M | 10.32M | 11.04M | 5.81M | 6.44M | 5.96M | 105.25K | 105.25K |
| Fixed Asset Turnover | 2.14x | 1.53x | 0.41x | 1323.52x | 0.52x | 1.86x | 2.93x | 3.75x | 3.25x | 3.19x | 5.62x | 4.86x | 5.84x | 19.97x | 29.86x |
| Goodwill | 2.02M | 13.19M | 6.57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 9.85M | 43.66M | 12.05M | 0 | 1.14M | 2.24M | 2.34M | 2.46M | 1.35M | 1.41M | 1.62M | 1.64M | 1.65M | 20.29K | 20.29K |
| Long-Term Investments | 43.57M | 0 | 3.78M | 617.45K | 8.54M | 4.52M | 6.65M | 6.57M | 5.7M | 4.77M | 11.42M | 10.98M | 1.57M | 0 | 0 |
| Other Non-Current Assets | 2.38M | 0 | 2.58M | 3.47M | 5.06M | 96.28K | 2.96M | 6.21M | 5.96M | 3.98M | 4.81M | 4.16M | 4.02M | 79.05K | 0 |
| Total Assets | 85.5M | 84.18M | 63.47M | 63.83M | 61.32M | 79.09M | 83.74M | 83.1M | 68.28M | 57.05M | 52.13M | 42.22M | 30.57M | 4.36M | 4.36M |
| Asset Turnover | 0.11x | 0.12x | 0.01x | 0.03x | 0.05x | 0.30x | 0.37x | 0.53x | 0.49x | 0.62x | 0.63x | 0.74x | 1.14x | 0.48x | 0.72x |
| Asset Growth % | 5.95% | 32.63% | -0.56% | 4.09% | -22.47% | -5.55% | 0.77% | 21.7% | 19.7% | 9.43% | 23.47% | 38.1% | 601.07% | 0% | - |
| Total Current Liabilities | 48.6M | 27.56M | 12.01M | 29.04M | 14.8M | 11.35M | 10.48M | 9.53M | 5.03M | 6.54M | 5.92M | 3.76M | 5.79M | 2.67M | 2.67M |
| Accounts Payable | 78.72K | 812.91K | 191.15K | 191.15K | 76.58K | 105.24K | 220.12K | 2.27M | 158.07K | 259.8K | 171.64K | 37.66K | 506.31K | 409.94K | 87.53K |
| Days Payables Outstanding | 50.91 | 33.27 | 164.44 | 18.37 | 3.85 | 2.19 | 3.61 | 28.46 | 2.52 | 3.93 | 2.81 | 0.63 | 7.28 | 180.47 | 25 |
| Short-Term Debt | 11.49M | 19.37M | 5.03M | 14.42M | 2.93M | 2.43M | 2.41M | 2.32M | 2.66M | 2.75M | 3.39M | 2.67M | 4M | 314.01K | 314.01K |
| Deferred Revenue (Current) | 17.42M | 319.46K | 89.49K | 6.68K | 7.47K | 6.32K | 382.09K | 17.5K | 5.44K | 9.6K | 32.83K | 12.35K | 22.89K | 87.53K | 409.94K |
| Other Current Liabilities | 31.1M | 5.4M | -5.23M | 9.06M | 10.14M | 7.24M | 4.13M | 4.93M | 655.67K | 2.31M | 1.35M | 343.14K | 0 | 1.86M | 1.86M |
| Current Ratio | 0.72x | 0.76x | 3.41x | 2.06x | 3.33x | 5.25x | 5.82x | 5.89x | 8.89x | 5.43x | 4.77x | 5.06x | 3.00x | 1.56x | 1.59x |
| Quick Ratio | 0.71x | 0.70x | 3.38x | 2.06x | 3.24x | 5.09x | 5.60x | 5.65x | 8.42x | 4.73x | 3.37x | 3.59x | 1.69x | 0.69x | 0.72x |
| Cash Conversion Cycle | 501.34 | 76.99 | 137.57 | - | 403.23 | 204.86 | 148.15 | 133.11 | 198.1 | 151.3 | 264.11 | 170.37 | 121.54 | 1.11K | 819.3 |
| Total Non-Current Liabilities | 10.84M | 20.04M | 14.61M | 1.47M | 1.15M | 1.23M | 625.6K | 696.84K | 594.99K | 2.24M | 0 | 0 | 2.1M | 91.57K | 91.57K |
| Long-Term Debt | 6.14K | 10.02M | 11.34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 43.46K | 0 | 44.47K | 1.03M | 352.86K | 401.89K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 29.62M | 9.84M | 1.42M | 0 | 285.7K | 260.97K | 0 | 11.65K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 9.83M | 186.19K | 1.81M | 1.47M | 506.44K | 566.02K | 625.6K | 685.18K | 0 | 0 | 0 | 0 | 2.1M | 91.57K | 91.57K |
| Total Liabilities | 59.44M | 47.6M | 26.62M | 30.51M | 15.94M | 12.58M | 11.11M | 10.23M | 5.03M | 6.54M | 5.92M | 3.76M | 7.89M | 2.76M | 2.76M |
| Total Debt | 11.8M | 29.66M | 16.5M | 14.42M | 3.72M | 2.93M | 2.41M | 2.32M | 2.66M | 2.75M | 3.39M | 2.67M | 4M | 314.01K | 314.01K |
| Net Debt | 11.61M | 29.29M | 15.87M | 13.48M | -12.62M | -29.44M | -32.92M | -29.17M | -20.49M | -19.26M | -2.67M | -418.65K | 2.04M | 249.74K | 249.74K |
| Debt / Equity | 0.45x | 0.81x | 0.45x | 0.43x | 0.08x | 0.04x | 0.03x | 0.03x | 0.04x | 0.05x | 0.07x | 0.07x | 0.18x | 0.20x | 0.20x |
| Debt / EBITDA | -1.24x | - | - | - | - | - | 2.18x | 0.23x | 0.33x | 0.33x | 0.46x | 0.34x | 0.52x | 0.67x | 0.67x |
| Net Debt / EBITDA | -1.22x | - | - | - | - | - | -29.74x | -2.93x | -2.55x | -2.35x | -0.37x | -0.05x | 0.26x | 0.53x | 0.53x |
| Interest Coverage | -18.13x | -7.49x | -5.37x | -4.92x | - | -364.70x | 140.14x | 157.75x | - | - | - | 68.30x | 26.83x | 1.86x | 16.01x |
| Total Equity | 26.06M | 36.58M | 36.85M | 33.31M | 45.38M | 66.51M | 72.63M | 72.87M | 63.25M | 50.51M | 46.21M | 38.46M | 22.68M | 1.6M | 1.6M |
| Equity Growth % | -76.35% | -0.75% | 10.63% | -26.59% | -31.77% | -8.43% | -0.33% | 15.21% | 25.23% | 9.31% | 20.14% | 69.59% | 1315.6% | 0% | - |
| Book Value per Share | 83.02 | 8253.09 | 23745.52 | 42266.66 | 123734.00 | 262687.21 | 349092.16 | 372679.15 | 331380.56 | 258578.70 | 236558.30 | 196900.23 | 116106.47 | 10658.39 | 10658.39 |
| Total Shareholders' Equity | 18.16M | 26M | 32.56M | 33.71M | 44.71M | 65.33M | 71.53M | 71.82M | 62.17M | 49.56M | 45.36M | 37.77M | 22.1M | 1.6M | 1.6M |
| Common Stock | 17.35K | 6.74M | 26.39K | 10.98K | 7.88K | 3.04K | 22.87K | 21.23K | 21.03K | 19.32K | 19.32K | 19.32K | 12.79K | 9.3K | 18.6K |
| Retained Earnings | -73.1M | -54.34M | -31.74M | -18.37M | 8.66M | 40.11M | 46.74M | 46.05M | 39.06M | 30.84M | 23.02M | 16.62M | 8.99M | 512.95K | 512.95K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 4.16M | 4.13M | -794.27K | 2.1M | 3.47M | -2.09M | 14.08K | 2.58M | 343.47K | 1.35M | 4.98M | 3.78M | 3.31M | 0 | 0 |
| Minority Interest | 7.9M | 10.58M | 4.29M | -398.35K | 672.35K | 1.19M | 1.1M | 1.05M | 1.09M | 955.37K | 848.15K | 695.14K | 579.53K | 0 | 0 |
Acute liquidity and solvency
As reported in recent financial statements, Shineco's balance sheet has weakened significantly, with retained earnings plummeting to negative $73.1M by 2025Q3, signaling that persistent operational losses are eroding the company's equity base and undermining the long-term viability of its specialized botanical manufacturing business model.
The consistent decline in retained earnings suggests that the company is failing to generate sufficient economic value to offset its operational costs. Investors should monitor whether this trend of capital erosion necessitates further dilutive financing to maintain basic corporate functions.
Based on the company's 2025Q3 filings, cash and equivalents have dwindled to a precarious $192.7K, which, when viewed alongside a current ratio of 0.72, indicates that the firm lacks the necessary liquidity buffer to navigate its high-cost operating environment without immediate external capital support.
A current ratio below 1.0 implies that current liabilities exceed current assets, creating a structural mismatch that threatens operational continuity. This liquidity profile suggests that the company is highly vulnerable to even minor disruptions in its harvest cycles or logistics revenue streams.
According to historical balance sheet data, the asset mix is heavily skewed by intangible assets and goodwill, which reached as high as $28M in 2024, raising concerns that the carrying value of these assets may not reflect their true economic utility in a low-margin environment.
The reliance on goodwill and intangible assets to bolster the total asset base warrants further investigation into potential impairment risks. If these assets are written down, the company's already strained equity position would face additional downward pressure.
As reported in recent filings, Shineco maintains a debt-to-equity ratio of 0.45, which appears deceptively manageable until considered against the backdrop of consistent net losses and a shrinking cash position, suggesting that even modest debt levels may pose a significant solvency risk to the firm.
While the debt load is not excessive in absolute terms, the company's inability to generate positive cash flow makes servicing these obligations increasingly difficult. The reliance on debt in the face of negative profitability suggests that the firm may be using leverage to fund operational gaps rather than strategic growth.
Quick answers to the most common questions about buying SISI stock.
As of 2024, Shineco, Inc. (SISI) had total assets of $84.2M including $20.9M in current assets.
Shineco, Inc. (SISI) carries total debt of $29.7M, offset by $0.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Shineco, Inc. (SISI) has total shareholders' equity (book value) of $26.0M ($8253.09 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Shineco, Inc. (SISI) reported a current ratio of 0.76x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.