Emeren Group Ltd (SOL)

Emeren Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	46.64	50.01	70.17	107.11	254.07	40.59
Short-Term Investments	12.06	9.86	13.73	11.52	8.05	-
Cash & Short-Term Investments	58.7	59.88	83.9	118.63	262.11	40.59
Cash Growth	-10.42%	-28.64%	-29.27%	-54.74%	545.71%	67.10%
Accounts Receivable	63.55	62.45	86.72	65.55	45.82	20.19
Other Receivables	10.08	8.37	7.05	5.3	7.08	37.88
Receivables	73.63	70.82	93.78	70.85	52.9	58.07
Restricted Cash	1.72	-	-	0.18	0.32	0.08
Other Current Assets	53.45	60.7	48.77	31.07	13.85	38
Total Current Assets	187.49	191.39	226.45	220.73	329.19	136.75
Property, Plant & Equipment	200.54	219.34	198.36	214.83	167.15	168.75
Long-Term Investments	-	-	-	10.05	-	-
Goodwill	-	-	-	1.02	1.02	1.02
Long-Term Accounts Receivable	17.3	17.2	16.4	-	-	-
Long-Term Deferred Tax Assets	-	-	-	-	0.78	1.18
Other Long-Term Assets	37.54	19.63	37.14	47.22	31.13	29.24
Total Assets	442.86	447.57	478.35	493.85	529.27	336.94
Accounts Payable	8.34	15.92	21.17	8.59	13.3	13.97
Accrued Expenses	1.58	1.54	0.99	0.7	0.49	1.14
Short-Term Debt	-	-	-	-	-	41.02
Current Portion of Long-Term Debt	2.58	1.18	1.39	1.01	-	-
Current Portion of Leases	6.18	5.67	4.92	11.21	12.09	9.19
Current Income Taxes Payable	1.14	0.61	2.1	0.86	0.84	0.95
Current Unearned Revenue	7.97	5.93	8.55	3.64	0.08	0.9
Other Current Liabilities	16.41	18.67	17.87	17.29	8.29	21.14
Total Current Liabilities	44.2	49.52	56.99	43.3	35.1	88.31
Long-Term Debt	40.01	23.52	22.69	22.52	0.06	-
Long-Term Leases	34.44	33.02	31.83	35.82	45.69	65.37
Long-Term Deferred Tax Liabilities	3.94	3.49	3.53	3.57	-	-
Total Liabilities	122.58	109.55	115.04	105.21	80.86	153.68
Common Stock	806.71	806.71	806.71	806.28	847.38	574.5
Additional Paid-In Capital	15.16	15.1	14.73	13.5	12.4	7.77
Retained Earnings	-450.05	-453.04	-440.56	-437.38	-432.71	-439.57
Treasury Stock	-49.15	-49.15	-41.94	-20	-18.45	-
Comprehensive Income & Other	-12.13	-19.12	-13.63	-15.11	-4.62	-3.57
Total Common Equity	310.55	300.52	325.31	347.29	404.01	139.14
Minority Interest	9.74	37.5	38	41.35	44.41	44.12
Shareholders' Equity	320.28	338.02	363.31	388.64	448.41	183.26
Total Liabilities & Equity	442.86	447.57	478.35	493.85	529.27	336.94
Total Debt	83.2	63.39	60.83	70.55	57.85	115.58
Net Cash (Debt)	-24.5	-3.51	23.08	48.08	204.26	-74.99
Net Cash Growth	-	-	-52.00%	-76.46%	-	-
Net Cash Per Share	-0.48	-0.07	0.41	0.74	2.92	-1.51
Filing Date Shares Outstanding	51.32	51.32	51.22	52.44	62.55	69.75
Total Common Shares Outstanding	51.32	52.81	54.62	55.44	62.57	57.25
Working Capital	143.29	141.87	169.46	177.43	294.09	48.44
Book Value Per Share	6.05	5.69	5.96	6.26	6.46	2.43
Tangible Book Value	310.55	300.52	325.31	346.27	402.98	138.11
Tangible Book Value Per Share	6.05	5.69	5.96	6.25	6.44	2.41
Land	1.11	0.98	0.28	0.28	0.28	0.28
Machinery	215.37	214.71	188.68	192.27	139.71	132.64
Construction In Progress	0.39	13.91	1.28	3.37	4.84	0.75

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q