Emeren Group, Ltd. (SOL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q1'21 | Q4'20 |
|---|
| Total Current Assets | 178.41M | 187.49M | 197.05M | 191.39M | 211.81M | 217.86M | 218.94M | 226.45M | 213.53M | 229.12M | 210.69M | 194.76M | 211.73M | 285.66M | 308.37M | 319.59M | 351.23M | 357.13M | 370.18M | 136.75M |
| Cash & Short-Term Investments | 84.64M | 46.64M | 52.88M | 50.01M | 35.76M | 50.83M | 69.47M | 70.17M | 69.29M | 70.51M | 76.72M | 107.29M | 122.99M | 207.88M | 222.89M | 254.38M | 275.39M | 286.02M | 300.99M | 40.59M |
| Cash Only | 84.64M | 46.64M | 52.88M | 50.01M | 35.76M | 50.83M | 55.07M | 70.17M | 59.17M | 60.45M | 66.73M | 107.29M | 122.99M | 207.88M | 222.89M | 254.38M | 275.39M | 286.02M | 300.99M | 40.59M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 14.4M | 0 | 10.12M | 10.06M | 9.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 38.34M | 72.26M | 73.46M | 70.46M | 78.38M | 75.79M | 84.21M | 93.82M | 76.46M | 86.41M | 79.09M | 71.48M | 52.74M | 39.41M | 46.68M | 50.42M | 48.3M | 39.64M | 36M | 58.07M |
| Days Sales Outstanding | 894.71 | 2.05K | 3.29K | 744.33 | 2.22K | 920.4 | 2.11K | 761.49 | 2K | 931.87 | 2.24K | 1.26K | 805.26 | 1.75K | 4.85K | 806.62 | 1.13K | 780.72 | 576.98 | 1.29K |
| Inventory | 0 | 0 | 0 | 361K | 0 | 0 | 0 | -49K | 2.07M | 1.8M | 633K | 0 | 465K | 2.56M | 1.06M | 0 | 1.45M | 1.31M | 3M | 0 |
| Days Inventory Outstanding | - | - | - | 4.43 | - | - | - | - | 91.53 | 31 | 20.48 | - | 8.75 | 206.46 | 163.66 | - | 56.06 | 66.04 | 68.57 | - |
| Other Current Assets | 41.76M | 53.91M | 50.64M | 54.27M | 81.1M | 73.57M | 60.4M | 39.91M | 65.72M | 71.45M | 54.25M | 14.97M | 35.54M | 35.98M | 37.76M | 14.52M | 26.55M | 30.17M | 31.7M | 27.35M |
| Total Non-Current Assets | 271.09M | 255.38M | 267.87M | 256.18M | 258.3M | 239.89M | 244.59M | 251.9M | 240.9M | 248.56M | 271.03M | 312.94M | 255.49M | 214.59M | 211.53M | 218.36M | 204.72M | 202.1M | 196.96M | 200.19M |
| Property, Plant & Equipment | 198.79M | 200.53M | 221.42M | 219.34M | 195.72M | 185.15M | 185.86M | 198.36M | 189.06M | 192.8M | 216.54M | 214.84M | 202.69M | 160.6M | 166.34M | 167.15M | 167.29M | 167.28M | 166.19M | 168.75M |
| Fixed Asset Turnover | 0.08x | 0.06x | 0.04x | 0.16x | 0.07x | 0.16x | 0.08x | 0.23x | 0.07x | 0.18x | 0.06x | 0.10x | 0.12x | 0.05x | 0.02x | 0.14x | 0.09x | 0.11x | 0.14x | 0.10x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.02M | 1.02M | 1.02M | 1.02M | 1.02M | 1.02M | 1.02M | 1.02M | 1.02M | 1.02M | 1.02M |
| 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 | 10.05M | 9.99M | 10.04M | 9.98M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 72.29M | 54.84M | 46.45M | 36.83M | 62.58M | 54.74M | 58.73M | 53.54M | 51.84M | 54.74M | 53.47M | 73.19M | 41.09M | 42.19M | 33.4M | 40.72M | 35.64M | 33.03M | 28.99M | 29.24M |
| Total Assets | 449.5M | 442.86M | 464.92M | 447.57M | 470.11M | 457.75M | 463.53M | 478.35M | 454.43M | 477.69M | 481.73M | 507.7M | 467.22M | 500.25M | 519.9M | 537.95M | 555.95M | 559.23M | 567.14M | 336.94M |
| Asset Turnover | 0.03x | 0.03x | 0.02x | 0.08x | 0.03x | 0.07x | 0.03x | 0.09x | 0.03x | 0.07x | 0.03x | 0.04x | 0.05x | 0.02x | 0.01x | 0.04x | 0.03x | 0.03x | 0.04x | 0.05x |
| Asset Growth % | -4.38% | -3.25% | 0.3% | -6.44% | 3.45% | -4.17% | -3.78% | -5.78% | -2.74% | -4.51% | -7.34% | -5.62% | -15.96% | -10.55% | -8.33% | 59.66% | 92.32% | 101.14% | 91.02% | 5.31% |
| Total Current Liabilities | 41.67M | 44.2M | 48.94M | 49.52M | 48.84M | 51.05M | 57.67M | 56.99M | 39.54M | 41.83M | 43.67M | 43.3M | 33.96M | 31.14M | 33.82M | 35.1M | 36.36M | 36.46M | 51.08M | 88.31M |
| Accounts Payable | 4.72M | 5.4M | 11.06M | 11.89M | 12.98M | 15.18M | 18.46M | 16.2M | 3.13M | 5.37M | 5.91M | 7.12M | 6.54M | 2.72M | 4.17M | 3.76M | 4.74M | 4.06M | 4.57M | 6.31M |
| Days Payables Outstanding | 281.47 | 317.19 | 816.06 | 145.84 | 655.48 | 268.04 | 655.49 | 148.23 | 138.31 | 92.47 | 191.22 | 138.8 | 123.03 | 219.79 | 641.86 | 88.24 | 183 | 204.72 | 104.46 | 159.85 |
| Short-Term Debt | 2.2M | 2.58M | 1.65M | 1.18M | 927K | 1.25M | 939K | 1.39M | 1.01M | 750K | 1.49M | 12.21M | 394K | 0 | 0 | 12.09M | 0 | 0 | 11.76M | 41.02M |
| Deferred Revenue (Current) | 8.8M | 7.97M | 7.49M | 5.93M | 9.26M | 6.17M | 8.24M | 8.55M | 4.74M | 4.6M | 2.88M | 3.64M | 202K | 202K | 2K | 81.61K | 82K | 1.06M | 466K | 900.6K |
| Other Current Liabilities | 3.57M | 4.43M | 4.13M | 4.86M | 0 | 3.77M | 21.19M | 23.11M | 23.59M | 21.7M | 22.29M | 18.92M | 15.73M | 16.23M | 7.2M | 17.98M | 17.87M | 16.17M | 20.5M | 2.19M |
| Current Ratio | 4.28x | 4.24x | 4.03x | 3.87x | 4.34x | 4.27x | 3.80x | 3.97x | 5.40x | 5.48x | 4.83x | 4.50x | 6.23x | 9.17x | 9.12x | 9.11x | 9.66x | 9.80x | 7.25x | 1.55x |
| Quick Ratio | 4.28x | 4.24x | 4.03x | 3.86x | 4.34x | 4.27x | 3.80x | 3.97x | 5.35x | 5.43x | 4.81x | 4.50x | 6.22x | 9.09x | 9.09x | 9.11x | 9.62x | 9.76x | 7.19x | 1.55x |
| Cash Conversion Cycle | - | - | - | 602.91 | - | - | - | - | 1.95K | 870.39 | 2.07K | - | 690.99 | 1.74K | 4.37K | - | 1.01K | 642.03 | 541.09 | - |
| Total Non-Current Liabilities | 84.3M | 78.38M | 74.33M | 60.03M | 61.86M | 59.18M | 57.14M | 58.05M | 54.21M | 57.1M | 61.42M | 75.76M | 53.48M | 36.62M | 42.43M | 54.45M | 51.23M | 55.77M | 58.9M | 65.37M |
| Long-Term Debt | 47.22M | 40.01M | 37.94M | 23.52M | 25.29M | 22.86M | 23.03M | 22.68M | 21.73M | 22.74M | 22.02M | 22.52M | 20.82M | 49K | 56K | 61.51K | 65K | 69K | 69K | 0 |
| Capital Lease Obligations | 33.17M | 34.44M | 32.75M | 33.02M | 32.88M | 32.82M | 30.61M | 31.83M | 29.31M | 30.75M | 35.84M | 35.82M | 32.66M | 36.58M | 42.37M | 45.69M | 51.16M | 55.7M | 58.83M | 65.37M |
| Deferred Tax Liabilities | 3.91M | 3.94M | 3.64M | 3.49M | 3.69M | 3.5M | 3.5M | 3.53M | 3.17M | 3.6M | 3.56M | 17.42M | 0 | 0 | 0 | 8.7M | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 125.97M | 122.58M | 123.27M | 109.55M | 110.7M | 110.23M | 114.81M | 115.04M | 93.75M | 98.93M | 105.09M | 119.06M | 87.44M | 67.76M | 76.25M | 89.55M | 87.59M | 92.23M | 109.97M | 153.68M |
| Total Debt | 88.77M | 83.2M | 77.95M | 63.39M | 64.62M | 62.69M | 59.65M | 60.83M | 58.1M | 61.33M | 68.98M | 70.55M | 63.75M | 47.52M | 54.97M | 57.85M | 64.03M | 70.08M | 83.23M | 115.58M |
| Net Debt | 4.14M | 36.56M | 25.06M | 13.38M | 28.87M | 11.86M | 4.57M | -9.35M | -1.07M | 882K | 2.25M | -36.74M | -59.24M | -160.36M | -167.92M | -196.53M | -211.35M | -215.94M | -217.76M | 74.99M |
| Debt / Equity | 0.27x | 0.26x | 0.23x | 0.19x | 0.18x | 0.18x | 0.17x | 0.17x | 0.16x | 0.16x | 0.18x | 0.18x | 0.17x | 0.11x | 0.12x | 0.13x | 0.14x | 0.15x | 0.18x | 0.63x |
| Debt / EBITDA | 10.06x | - | - | - | 16.40x | 14.38x | 110.87x | - | - | 9.31x | - | - | 62.87x | 36.03x | - | 115.01x | 14.85x | 7.92x | 14.40x | 50.56x |
| Net Debt / EBITDA | 0.47x | - | - | - | 7.32x | 2.72x | 8.50x | - | - | 0.13x | - | - | -58.42x | -121.57x | - | -390.71x | -49.03x | -24.39x | -37.67x | 32.80x |
| Interest Coverage | 4.38x | -45.40x | -10.81x | -10.65x | 3.18x | 5.71x | -3.15x | -8.83x | -7.51x | 26.15x | -4.17x | -3.83x | 0.89x | -0.27x | -3.13x | -0.86x | 2.78x | 7.23x | 2.72x | 0.34x |
| Total Equity | 323.52M | 320.28M | 341.65M | 338.02M | 359.41M | 347.52M | 348.72M | 363.31M | 360.68M | 378.76M | 376.64M | 388.64M | 379.77M | 432.49M | 443.65M | 448.4M | 468.36M | 467.01M | 457.16M | 183.26M |
| Equity Growth % | -9.98% | -7.84% | -2.03% | -6.96% | -0.35% | -8.25% | -7.41% | -6.52% | -5.03% | -12.42% | -15.11% | -13.33% | -18.91% | -7.39% | -2.96% | 144.68% | 218.08% | 243.14% | 245.38% | 33.24% |
| Book Value per Share | 6.30 | 6.24 | 6.59 | 6.58 | 7.00 | 6.76 | 6.51 | 6.58 | 6.41 | 6.58 | 6.56 | 6.39 | 5.73 | 6.40 | 6.63 | 6.45 | 6.65 | 6.62 | 6.80 | 3.40 |
| Total Shareholders' Equity | 310.38M | 310.55M | 304.06M | 300.52M | 319.57M | 309.72M | 310.96M | 325.31M | 322.34M | 340.52M | 335.69M | 347.29M | 339.12M | 390.19M | 399.49M | 404M | 422.92M | 422M | 413.32M | 139.14M |
| Common Stock | 806.71M | 806.71M | 806.71M | 806.71M | 806.71M | 806.71M | 806.71M | 806.71M | 806.58M | 806.58M | 806.28M | 806.28M | 806.28M | 847.75M | 847.38M | 847.36M | 847.43M | 848.52M | 848.37M | 574.5M |
| Retained Earnings | -450.38M | -450.05M | -451.5M | -453.04M | -441.25M | -446.1M | -446.49M | -440.56M | -438.61M | -429.22M | -437.57M | -437.38M | -431.64M | -434.6M | -434.39M | -432.7M | -431.13M | -431.84M | -438.79M | -439.57M |
| Treasury Stock | -49.15M | -49.15M | -49.15M | -49.15M | -49.15M | -49.15M | -48.12M | -41.94M | -38.59M | -34.62M | -33.2M | -20M | -20M | -20M | -20M | -18.45M | 0 | 0 | 0 | 0 |
| Accumulated OCI | -12.01M | -12.13M | -17.19M | -19.12M | -11.71M | -16.61M | -15.9M | -13.63M | -21.54M | -16.33M | -13.76M | -15.11M | -28.74M | -16.56M | -6.54M | -4.62M | -4.07M | -2.88M | -4.24M | -3.57M |
| Minority Interest | 13.14M | 9.73M | 37.59M | 37.5M | 39.84M | 37.8M | 37.75M | 38M | 38.33M | 38.24M | 40.95M | 41.35M | 40.65M | 42.31M | 44.16M | 44.41M | 45.44M | 45.01M | 43.84M | 44.12M |