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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	52.89	50.01	70.17	107.11	254.07	40.59
Short-Term Investments	12.05	9.86	13.73	11.52	8.05	-
Cash & Short-Term Investments	64.93	59.88	83.9	118.63	262.11	40.59
Cash Growth	-6.53%	-28.64%	-29.27%	-54.74%	545.71%	67.10%
Accounts Receivable	64.83	62.45	86.72	65.55	45.82	20.19
Other Receivables	8.63	8.37	7.05	5.3	7.08	37.88
Receivables	73.46	70.82	93.78	70.85	52.9	58.07
Restricted Cash	-	-	-	0.18	0.32	0.08
Other Current Assets	58.66	60.7	48.77	31.07	13.85	38
Total Current Assets	197.05	191.39	226.45	220.73	329.19	136.75
Property, Plant & Equipment	221.42	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	18.2	17.2	16.4	-	-	-
Long-Term Deferred Tax Assets	-	-	-	-	0.78	1.18
Other Long-Term Assets	28.25	19.63	37.14	47.22	31.13	29.24
Total Assets	464.92	447.57	478.35	493.85	529.27	336.94
Accounts Payable	14.43	15.92	21.17	8.59	13.3	13.97
Accrued Expenses	2.44	1.54	0.99	0.7	0.49	1.14
Short-Term Debt	-	-	-	-	-	41.02
Current Portion of Long-Term Debt	1.65	1.18	1.39	1.01	-	-
Current Portion of Leases	5.6	5.67	4.92	11.21	12.09	9.19
Current Income Taxes Payable	1.06	0.61	2.1	0.86	0.84	0.95
Current Unearned Revenue	7.49	5.93	8.55	3.64	0.08	0.9
Other Current Liabilities	16.27	18.67	17.87	17.29	8.29	21.14
Total Current Liabilities	48.94	49.52	56.99	43.3	35.1	88.31
Long-Term Debt	37.94	23.52	22.69	22.52	0.06	-
Long-Term Leases	32.75	33.02	31.83	35.82	45.69	65.37
Long-Term Deferred Tax Liabilities	3.64	3.49	3.53	3.57	-	-
Total Liabilities	123.27	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	15.18	15.1	14.73	13.5	12.4	7.77
Retained Earnings	-451.5	-453.04	-440.56	-437.38	-432.71	-439.57
Treasury Stock	-49.15	-49.15	-41.94	-20	-18.45	-
Comprehensive Income & Other	-17.19	-19.12	-13.63	-15.11	-4.62	-3.57
Total Common Equity	304.06	300.52	325.31	347.29	404.01	139.14
Minority Interest	37.59	37.5	38	41.35	44.41	44.12
Shareholders' Equity	341.65	338.02	363.31	388.64	448.41	183.26
Total Liabilities & Equity	464.92	447.57	478.35	493.85	529.27	336.94
Total Debt	77.95	63.39	60.83	70.55	57.85	115.58
Net Cash (Debt)	-13.01	-3.51	23.08	48.08	204.26	-74.99
Net Cash Growth	-	-	-52.00%	-76.46%	-	-
Net Cash Per Share	-0.25	-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	148.11	141.87	169.46	177.43	294.09	48.44
Book Value Per Share	5.92	5.69	5.96	6.26	6.46	2.43
Tangible Book Value	304.06	300.52	325.31	346.27	402.98	138.11
Tangible Book Value Per Share	5.92	5.69	5.96	6.25	6.44	2.41
Land	1.04	0.98	0.28	0.28	0.28	0.28
Machinery	219.21	214.71	188.68	192.27	139.71	132.64
Construction In Progress	14.23	13.91	1.28	3.37	4.84	0.75

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q