The company's financial position is increasingly precarious, evidenced by a persistent equity deficit of -$5.3M and a current ratio of 0.37 as of 2026Q1.
| Total Current Assets | 1.36M | 783.19K | 3.89M | 258.07K | 761.28K | 0 |
| Cash & Short-Term Investments | 38.89K | 204.72K | 3.35M | 780 | 545.65K | 0 |
| Cash Only | 38.89K | 204.72K | 3.35M | 780 | 545.65K | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 318.12K | 5.11K | 303.5K | 189.66K | 0 | 0 |
| Days Sales Outstanding | 867.37 | 139.71 | - | 9.97K | - | - |
| Inventory | 24.43K | 24.43K | 24.43K | 22.73K | 0 | 0 |
| Days Inventory Outstanding | -144.76 | 1.34K | 25.44 | 15.01 | - | - |
| Other Current Assets | 975.06K | 548.92K | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 3.97M | 4.01M | 4.15M | 4.17M | 127.82M | 180.34K |
| Property, Plant & Equipment | 1.97M | 2.02M | 2.09M | 2.32M | 0 | 0 |
| Fixed Asset Turnover | 0.05x | 0.01x | - | 0.00x | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2M | 1.99M | 1.97M | 1.85M | 0 | 0 |
| Long-Term Investments | 3.08M | 0 | 80.24K | 0 | 127.78M | 0 |
| Other Non-Current Assets | -2.92M | 0 | 0 | 0 | 35.87K | 180.34K |
| Total Assets | 5.33M | 4.8M | 8.04M | 4.43M | 128.58M | 180.34K |
| Asset Turnover | 0.02x | 0.00x | - | 0.00x | - | - |
| Asset Growth % | -95.81% | -40.31% | 81.41% | -96.55% | 71198.28% | - |
| Total Current Liabilities | 3.67M | 3.61M | 30.86M | 1.02M | 909.33K | 156.77K |
| Accounts Payable | 5.55M | 3.51M | 2.14M | 144.92K | 0 | 0 |
| Days Payables Outstanding | -24.83K | 192.71K | 2.22K | 95.68 | - | - |
| Short-Term Debt | 2.61M | 2.65M | 2.45M | 0 | 125.34K | 125.34K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | -4.49M | -3.6M | 26.27M | 872.49K | 444.09K | 31.43K |
| Current Ratio | 0.37x | 0.22x | 0.13x | 0.25x | 0.84x | - |
| Quick Ratio | 0.36x | 0.21x | 0.13x | 0.23x | 0.84x | - |
| Cash Conversion Cycle | 25.55K | -191.23K | - | 9.89K | - | - |
| Total Non-Current Liabilities | 9.93M | 8.37M | 0 | 0 | 4.32M | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 9.93M | 8.37M | 0 | 0 | 4.32M | 0 |
| Total Liabilities | 13.6M | 11.98M | 30.86M | 1.02M | 5.23M | 156.77K |
| Total Debt | 2.61M | 2.65M | 2.45M | 0 | 125.34K | 125.34K |
| Net Debt | 2.57M | 2.44M | -908.27K | -780 | -420.31K | 125.34K |
| Debt / Equity | -0.32x | - | - | - | 0.00x | 5.32x |
| Debt / EBITDA | -0.23x | - | - | - | 0.13x | - |
| Net Debt / EBITDA | -0.23x | - | - | - | -0.45x | - |
| Interest Coverage | -93.56x | -375.28x | -69.66x | - | - | - |
| Total Equity | -8.27M | -7.19M | -22.82M | 3.41M | 123.35M | 23.57K |
| Equity Growth % | 130.06% | 68.51% | -768.78% | -97.23% | 523227.15% | - |
| Book Value per Share | -1.06 | -1.82 | -11.45 | 2.33 | 84.24 | 0.02 |
| Total Shareholders' Equity | -5.35M | -7.19M | -22.82M | 3.41M | 123.35M | 23.57K |
| Common Stock | 774 | 746 | 13.17K | 6.98K | 127.24M | 316 |
| Retained Earnings | -164.8M | -163.37M | -115.88M | -25.45M | -3.9M | -1.43K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity shortfall
As reported in financial statements, Solidion Technology's equity position has deteriorated into a persistent deficit, reaching -$5.3M in 2026Q1, which underscores a weakening financial trajectory driven by the company's inability to generate meaningful revenue to offset its ongoing operational and research-related cash outflows.
The consistent negative equity trend suggests that the company is consuming its capital base to fund R&D activities without achieving a corresponding increase in asset value. This trajectory implies that the firm remains entirely dependent on external financing or parent-company support to maintain its current operational footprint.
Based on the company's reported figures, cash and equivalents plummeted to $38.9K in 2026Q1, representing a severe liquidity contraction from the $3.4M held in 2024Q4, which indicates an extremely limited buffer against operational shocks and an urgent requirement for additional capital to sustain basic business functions.
The current ratio of 0.37 in 2026Q1 highlights a significant mismatch between short-term obligations and available liquid assets. Investors should monitor this closely, as the current liquidity profile suggests the company may struggle to meet its near-term liabilities without immediate and potentially dilutive capital market intervention.
According to recent SEC filings, Solidion Technology's asset base is heavily concentrated in $2.0M of goodwill and $2.0M of net PPE, which together account for the vast majority of the company's $5.3M in total assets, signaling a lack of liquid or revenue-generating resources.
The reliance on intangible assets like goodwill suggests that the company's valuation is tied more to its intellectual property portfolio than to tangible manufacturing capacity. This asset mix warrants further investigation, as the inability to convert these assets into commercial output limits the firm's operational flexibility.
As indicated by the company's reported financial data, the persistent accumulation of retained earnings losses, totaling -$164.8M as of 2026Q1, reveals a structural distortion where the balance sheet is effectively being hollowed out by years of uncompensated R&D spending and high-fixed-cost operations.
The presence of significant liabilities relative to a negligible asset base suggests that the company's financial health is more precarious than headline figures might imply. This imbalance may indicate that the firm is operating under significant financial strain, potentially limiting its ability to pivot toward commercial-scale production.
Quick answers to the most common questions about buying STI stock.
As of 2025, Solidion Technology Inc. (STI) had total assets of $4.8M including $0.8M in current assets.
Solidion Technology Inc. (STI) carries total debt of $2.6M, offset by $0.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Solidion Technology Inc. (STI) has total shareholders' equity (book value) of $-7.2M ($-1.82 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Solidion Technology Inc. (STI) reported a current ratio of 0.22x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.