Clean Energy Fuels Corp. (CLNE) Balance Sheet
CLNE balance sheet, 2025
December 31, 2025 · U.S. dollars$1.06B assets = $491.6M liabilities + $565.1M equity
Both columns are drawn to the same scale: what CLNE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CLNE financial health
Current ratio2.32
Comfortable · current assets cover current liabilities 2.32×
Debt / equity0.18
Low leverage · $0.18 of debt for each $1 of equity
Equity / assets52.9%
Equity-funded · of assets funded by shareholders
Cash / debt160.1%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.9%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
CLNE balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $897.3M2016 | $1.06B2025 | +1.8%/yr | |
| Total liabilities | $403.6M2016 | $491.6M2025 | +2.2%/yr | |
| Shareholders’ equity | $468.9M2016 | $559.4M2025 | +2.0%/yr | |
| Cash & short-term investments | $109.8M2016 | $158.3M2025 | +4.1%/yr | |
| Total debt | $312.4M2016 | $98.9M2025 | −12.0%/yr | |
| Net cash (debt) | −$202.5M2016 | $59.4M2025 | +$261.9M | |
| Working capital | $172.5M2016 | $199.2M2025 | +$26.6M | |
| Book value per share | $3.932016 | $2.542025 | −4.7%/yr | |
| Current ratio | 2.932016 | 2.322025 | −0.62 | |
| Debt / equity | 0.672016 | 0.182025 | −0.49 | |
| Shares outstanding | 119.4M2016 | 220.6M2025 | +7.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CLNE assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
CLNE liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
CLNE debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CLNE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $158.3M | $217.5M | $263.1M | $265.5M | $229.2M | $138.5M | $106.2M | $96.3M | $177.5M | $109.8M |
| Cash & equivalents | $157.8M | $89.5M | $104.9M | $126.0M | $99.4M | $109.0M | $49.2M | $30.6M | $36.1M | $36.1M |
| Short-term investments | $552,000 | $128.0M | $158.2M | $139.6M | $129.7M | $29.5M | $56.9M | $65.6M | $141.5M | $73.7M |
| Receivables | $107.0M | $127.7M | $118.2M | $108.5M | $111.9M | $85.4M | $147.1M | $84.4M | $83.2M | $101.4M |
| Inventory | $43.9M | $43.4M | $45.3M | $37.1M | $31.3M | $28.1M | $29.9M | $35.0M | $35.2M | $29.5M |
| Other current assets | $41.1M | $25.2M | $43.5M | $60.6M | $37.6M | $11.0M | $10.7M | $10.0M | $8.9M | $21.0M |
| Total current assets | $350.3M | $413.8M | $470.2M | $471.7M | $409.9M | $263.0M | $293.8M | $225.6M | $304.9M | $261.8M |
| Property, plant & equipment (net) | $412.0M | $455.9M | $424.1M | $316.7M | $304.3M | $316.9M | $352.5M | $350.6M | $367.3M | $483.9M |
| Goodwill & intangible assets | $9.9M | $70.7M | $70.7M | $70.2M | $69.8M | $64.8M | $65.6M | $66.5M | $67.9M | $131.7M |
| Long-term investments | $262.3M | $265.3M | $258.8M | $193.3M | $166.0M | $28.0M | $26.3M | $43.5M | $51.8M | $19.9M |
| Other non-current assets | $22.2M | $38.2M | $35.7M | $30.5M | $7.0M | $42.4M | $38.9M | $12.8M | $0 | $0 |
| Total assets | $1.06B | $1.24B | $1.26B | $1.08B | $957.1M | $715.0M | $777.1M | $699.1M | $791.9M | $897.3M |
| Liabilities | ||||||||||
| Accounts payable | $26.2M | $33.3M | $57.0M | $44.4M | $24.4M | $17.3M | $27.4M | $19.0M | $17.9M | $23.6M |
| Short-term debt | $10.4M | $9.0M | $8.5M | $5.2M | $17.2M | $7.3M | $60.0M | $6.1M | $139.7M | $5.9M |
| Deferred revenue | $18.4M | $6.9M | $4.9M | $6.0M | $7.3M | $2.6M | $7.3M | $7.4M | $3.4M | $7.0M |
| Total current liabilities | $151.2M | $154.7M | $163.8M | $148.1M | $125.9M | $79.8M | $162.6M | $80.3M | $203.3M | $89.2M |
| Long-term debt | $226.7M | $265.3M | $261.1M | $145.5M | $23.2M | $82.1M | $32.9M | $78.8M | $120.4M | $241.4M |
| Lease obligations | $98.8M | $99.8M | $99.3M | $56.2M | $46.3M | $29.9M | $32.9M | — | — | — |
| Other long-term liabilities | $113.8M | $104.3M | $100.9M | $61.3M | $52.5M | $30.2M | $38.6M | $15.0M | $18.6M | $72.9M |
| Total liabilities | $491.6M | $524.4M | $525.8M | $354.9M | $201.7M | $192.2M | $234.1M | $174.1M | $342.3M | $403.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $20,000 | $20,000 | $20,000 | $1.11B | $1.09B |
| Retained earnings (deficit) | −$1.23B | −$1.01B | −$929.5M | −$830.0M | −$771.2M | −$678.1M | −$668.2M | −$688.7M | −$683.6M | −$603.8M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$3.0M | −$4.3M | −$2.1M | −$3.7M | −$1.6M | −$209,000 | −$1.6M | −$2.1M | −$887,000 | −$17.7M |
| Minority interest | $5.6M | $6.3M | $6.9M | $7.5M | $8.3M | $9.3M | $9.6M | $17.0M | $22.7M | $24.8M |
| Total shareholders' equity | $559.4M | $713.3M | $726.8M | $720.0M | $747.1M | $513.5M | $533.4M | $508.0M | $427.0M | $468.9M |
| Key figures | ||||||||||
| Total debt | $98.9M | $365.1M | $360.5M | $201.8M | $82.3M | $115.6M | $121.8M | $88.7M | $260.1M | $312.4M |
| Net cash (debt) | $59.4M | −$147.6M | −$97.4M | $63.8M | $146.9M | $22.9M | −$15.6M | $7.6M | −$82.5M | −$202.5M |
| Working capital | $199.2M | $259.0M | $306.4M | $323.6M | $284.0M | $183.2M | $131.2M | $145.3M | $101.6M | $172.5M |
| Tangible book value | $549.5M | $642.6M | $656.1M | $649.8M | $677.2M | $448.7M | $467.9M | $441.5M | $359.1M | $337.1M |
| Book value per share | $2.54 | $3.19 | $3.26 | $3.24 | $3.51 | $2.56 | $2.59 | $2.81 | $2.84 | $3.93 |
| Shares outstanding | 220.6M | 223.3M | 222.9M | 222.4M | 213.1M | 200.7M | 206.0M | 180.7M | 150.4M | 119.4M |
| Current ratio | 2.32 | 2.67 | 2.87 | 3.18 | 3.26 | 3.29 | 1.81 | 2.81 | 1.50 | 2.93 |
| Quick ratio | 1.76 | 2.23 | 2.33 | 2.52 | 2.71 | 2.80 | 1.56 | 2.25 | 1.28 | 2.37 |
| Debt / equity | 0.18 | 0.51 | 0.50 | 0.28 | 0.11 | 0.23 | 0.23 | 0.17 | 0.61 | 0.67 |
| Equity / assets | 52.9% | 57.3% | 57.7% | 66.5% | 78.1% | 71.8% | 68.6% | 72.7% | 53.9% | 52.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $140.2M | $128.4M | $158.3M | $234.3M | $240.8M | $226.6M | $217.5M | $243.5M | $251.4M | $250.9M | $265.1M | $174.4M |
| Cash & equivalents | $59.2M | $57.7M | $157.8M | $183.0M | $132.1M | $118.6M | $89.5M | $117.0M | $125.1M | $91.4M | $107.0M | $25.1M |
| Short-term investments | $81.0M | $70.8M | $552,000 | $51.3M | $108.7M | $108.1M | $128.0M | $126.6M | $126.2M | $159.5M | $158.2M | $149.3M |
| Receivables | $102.0M | $117.0M | $107.0M | $110.4M | $94.3M | $109.4M | $127.7M | $122.7M | $117.1M | $115.8M | $118.2M | $124.1M |
| Inventory | $43.3M | $42.7M | $43.9M | $44.4M | $45.4M | $45.7M | $43.4M | $45.8M | $49.4M | $49.0M | $45.3M | $40.5M |
| Other current assets | $38.7M | $44.1M | $41.1M | $20.0M | $27.4M | $27.0M | $25.2M | $30.3M | $33.0M | $33.2M | $41.5M | $54.1M |
| Total current assets | $324.1M | $332.3M | $350.3M | $409.1M | $407.9M | $408.7M | $413.8M | $442.4M | $450.9M | $448.9M | $470.2M | $393.0M |
| Property, plant & equipment (net) | $396.4M | $404.0M | $412.0M | $413.7M | $411.8M | $406.4M | $455.9M | $447.5M | $440.0M | $426.2M | $424.1M | $380.9M |
| Goodwill & intangible assets | $9.6M | $9.8M | $9.9M | $5.5M | $5.5M | $5.5M | $70.7M | $70.7M | $70.7M | $70.7M | $70.7M | $70.7M |
| Long-term investments | $276.1M | $270.3M | $262.3M | $262.5M | $255.6M | $259.5M | $265.3M | $250.7M | $250.3M | $254.0M | $258.8M | $193.8M |
| Other non-current assets | $19.5M | $20.5M | $22.2M | $34.3M | $35.0M | $36.5M | $38.2M | $33.2M | $34.5M | $36.4M | $35.7M | $26.6M |
| Total assets | $1.03B | $1.04B | $1.06B | $1.13B | $1.12B | $1.12B | $1.24B | $1.24B | $1.25B | $1.24B | $1.26B | $1.06B |
| Liabilities | ||||||||||||
| Accounts payable | $21.1M | $22.2M | $26.2M | $32.6M | $28.5M | $30.1M | $33.3M | $31.5M | $33.8M | $41.8M | $57.0M | $48.8M |
| Short-term debt | $10.8M | $10.6M | $10.4M | $9.9M | $9.4M | $9.1M | $9.0M | $9.6M | $9.6M | $8.9M | $8.5M | $6.7M |
| Deferred revenue | $9.4M | $15.6M | $18.4M | $10.4M | $8.8M | $7.8M | $6.9M | $5.8M | $7.8M | $7.8M | $4.9M | $3.5M |
| Total current liabilities | $130.7M | $135.0M | $151.2M | $152.3M | $144.3M | $145.0M | $154.7M | $144.5M | $142.4M | $143.1M | $163.8M | $145.8M |
| Long-term debt | $229.0M | $227.9M | $226.7M | $284.2M | $277.9M | $271.6M | $265.3M | $264.0M | $262.9M | $261.9M | $261.1M | $144.9M |
| Lease obligations | $93.5M | $96.0M | $98.8M | $97.3M | $95.9M | $96.7M | $99.8M | $101.9M | $108.1M | $97.7M | $99.3M | $79.8M |
| Other long-term liabilities | $107.5M | $110.3M | $113.8M | $97.5M | $96.9M | $97.1M | $104.3M | $104.8M | $111.4M | $101.5M | $100.9M | $82.6M |
| Total liabilities | $467.1M | $473.2M | $491.6M | $534.1M | $519.0M | $513.7M | $524.4M | $513.3M | $516.7M | $506.5M | $525.8M | $373.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 |
| Retained earnings (deficit) | −$1.26B | −$1.25B | −$1.23B | −$1.19B | −$1.17B | −$1.15B | −$1.01B | −$982.4M | −$964.2M | −$947.9M | −$929.5M | −$910.8M |
| Accumulated other comprehensive income | −$4.9M | −$3.0M | −$3.0M | −$3.2M | −$2.3M | −$4.3M | −$4.3M | −$2.5M | −$3.5M | −$3.0M | −$2.1M | −$3.3M |
| Minority interest | $5.3M | $5.5M | $5.6M | $5.8M | $6.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $553.3M | $558.1M | $559.4M | $585.2M | $590.8M | $596.7M | $713.3M | $724.8M | $723.0M | $722.9M | $726.8M | $684.6M |
| Key figures | ||||||||||||
| Total debt | $320.7M | $96.1M | $98.9M | $381.6M | $373.8M | $368.3M | $365.1M | $366.0M | $371.1M | $359.7M | $360.5M | $224.7M |
| Net cash (debt) | −$180.6M | $32.3M | $59.4M | −$147.3M | −$133.1M | −$141.7M | −$147.6M | −$122.5M | −$119.7M | −$108.8M | −$95.4M | −$50.3M |
| Working capital | $193.4M | $197.2M | $199.2M | $256.7M | $263.6M | $263.7M | $259.0M | $297.9M | $308.4M | $305.8M | $306.4M | $247.2M |
| Tangible book value | $543.7M | $548.4M | $549.5M | $579.7M | $585.3M | $591.2M | $642.6M | $654.1M | $652.3M | $652.2M | $656.1M | $613.9M |
| Book value per share | $2.51 | $2.54 | $2.54 | $2.67 | $2.68 | $2.67 | $3.19 | $3.24 | $3.24 | $3.24 | $3.26 | $3.07 |
| Shares outstanding | 220.3M | 219.7M | 220.6M | 219.3M | 220.4M | 223.7M | 223.5M | 223.4M | 223.3M | 223.2M | 223.0M | 223.0M |
| Current ratio | 2.48 | 2.46 | 2.32 | 2.69 | 2.83 | 2.82 | 2.67 | 3.06 | 3.17 | 3.14 | 2.87 | 2.69 |
| Quick ratio | 1.85 | 1.82 | 1.76 | 2.26 | 2.32 | 2.32 | 2.23 | 2.53 | 2.59 | 2.56 | 2.34 | 2.05 |
| Debt / equity | 0.58 | 0.17 | 0.18 | 0.65 | 0.63 | 0.62 | 0.51 | 0.51 | 0.51 | 0.50 | 0.50 | 0.33 |
| Equity / assets | 53.9% | 53.8% | 52.9% | 52.0% | 52.9% | 53.4% | 57.3% | 58.2% | 58.0% | 58.5% | 57.7% | 64.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
CLNE financial position
At the end of fiscal 2025 (December 31, 2025), Clean Energy Fuels had total assets of $1.1 billion (down 15.0% from a year earlier), total liabilities of $491.6 million and shareholders' equity of $559.4 million. It held $158.3 million in cash and short-term investments against $98.9 million of debt, a net cash position of $59.4 million. Its current ratio was 2.32. In the latest quarter (ended June 30, 2026) total assets were $1.0 billion and equity $553.3 million.
Related: CLNE income statement, CLNE cash flow statement, CLNE key metrics. See the CLNE stock overview for the latest quote and news.
CLNE balance sheet FAQ
What are Clean Energy Fuels's total assets?
Clean Energy Fuels reported total assets of $1.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.2 billion a year earlier.
How much debt does Clean Energy Fuels have?
Clean Energy Fuels had $98.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.18.
How much cash does Clean Energy Fuels have?
Clean Energy Fuels held $158.3 million in cash and short-term investments at the end of fiscal 2025; with $98.9 million of debt that is net cash of $59.4 million.
What is Clean Energy Fuels's book value?
Clean Energy Fuels's shareholders' equity (book value) was $559.4 million at the end of fiscal 2025, or $2.54 per share.
What is Clean Energy Fuels's current ratio?
Clean Energy Fuels had current assets of $350.3 million and current liabilities of $151.2 million, a current ratio of 2.32 (it can cover its short-term obligations).
How much goodwill does Clean Energy Fuels have?
Clean Energy Fuels carried $9.9 million of goodwill and intangible assets, 0.9% of total assets, at the end of fiscal 2025.