CN Energy Group. Inc. (CNEY) Balance Sheet
CNEY balance sheet, FY2025
September 30, 2025 · U.S. dollars$107.3M assets = $5.3M liabilities + $102.0M equity
Both columns are drawn to the same scale: what CNEY owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CNEY financial health
Descriptive bands, not a rating. Fiscal FY2025.
CNEY balance sheet trends, FY2017–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $26.6MFY2017 | $107.3MFY2025 | +19.1%/yr | |
| Total liabilities | $10.5MFY2017 | $5.3MFY2025 | −8.1%/yr | |
| Shareholders’ equity | $16.1MFY2017 | $102.0MFY2025 | +26.0%/yr | |
| Cash & short-term investments | $78,010FY2017 | $390,706FY2025 | +22.3%/yr | |
| Total debt | $163,381FY2017 | $3.4MFY2025 | +46.3%/yr | |
| Net cash (debt) | −$85,371FY2017 | −$3.0MFY2025 | −$3.0M | |
| Working capital | $2.1MFY2017 | $61.0MFY2025 | +$58.9M | |
| Debt / equity | 0.01FY2017 | 0.03FY2025 | +0.02 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CNEY assets
CNEY liabilities and equity
CNEY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CNEY balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $390,706 | $317,323 | $195,502 | $18.0M | $3.3M | $1.6M | $1.6M | $1.9M | $78,010 |
| Cash & equivalents | $390,706 | $317,323 | $195,502 | $18.0M | $190,758 | $1.6M | $1.6M | $1.9M | $78,010 |
| Short-term investments | — | — | — | $0 | $3.1M | $0 | — | — | — |
| Receivables | $39.6M | $30.5M | $29.0M | $18.9M | $33.5M | $8.7M | $4.2M | $3.1M | $8.2M |
| Inventory | $25.1M | $29.8M | $41.7M | $784,251 | $1.1M | $2.8M | $2.5M | $2.7M | $4.2M |
| Other current assets | $739,319 | $863,690 | $1.5M | $36.5M | $11.0M | $1.6M | $1.8M | $4.8M | $82,864 |
| Total current assets | $65.8M | $61.5M | $72.4M | $74.2M | $48.9M | $14.7M | $10.0M | $12.4M | $12.6M |
| Property, plant & equipment (net) | $941,131 | $2.1M | $42.4M | $19.9M | $19.1M | $15.3M | $12.8M | $11.2M | $13.0M |
| Goodwill & intangible assets | $0 | $6.2M | $13.3M | $804,246 | $952,614 | $1.0M | $801,679 | $374,551 | $0 |
| Long-term investments | $40.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $28.5M | $0 | $0 | $29,209 | $400,867 | $599,895 | $319,807 | $935,558 |
| Total assets | $107.3M | $98.4M | $126.2M | $94.9M | $69.0M | $31.4M | $24.2M | $24.3M | $26.6M |
| Liabilities | |||||||||
| Accounts payable | $145,435 | $535,221 | $12.6M | $7.5M | $1.8M | $4.8M | $3.9M | $6.1M | $7.7M |
| Short-term debt | $3.4M | — | $7.3M | $3.8M | $1.5M | $1.7M | $277,374 | $173,590 | $163,381 |
| Deferred revenue | — | — | $83,190 | $96,542 | $111,301 | $120,383 | $605,005 | $733,285 | $2.2M |
| Total current liabilities | $4.7M | $1.5M | $22.5M | $30.5M | $5.6M | $7.7M | $6.2M | $7.3M | $10.5M |
| Long-term debt | $0 | $0 | $34,266 | $421,733 | $22,033 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $0 | $31,602 | $48,383 | $69,071 | $134,419 | — | — | — |
| Other long-term liabilities | $611,327 | $0 | $74,015 | $276,279 | $619,039 | $621,311 | $4.8M | $0 | $0 |
| Total liabilities | $5.3M | $1.5M | $22.6M | $31.2M | $6.3M | $8.3M | $6.2M | $7.3M | $10.5M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $128.6M | $108.7M | $106.2M | $58.5M | $53.0M | $14.0M | $14.0M | $14.0M | $14.0M |
| Retained earnings (deficit) | −$27.9M | −$16.7M | −$3.2M | $2.4M | $394,556 | $259,507 | −$2.0M | −$3.6M | −$5.2M |
| Accumulated other comprehensive income | −$7.7M | −$3.9M | −$8.2M | −$6.0M | $438,372 | −$837,285 | −$1.9M | −$1.2M | −$653,949 |
| Total shareholders' equity | $102.0M | $96.9M | $103.6M | $63.8M | $62.7M | $23.1M | $18.0M | $17.0M | $16.1M |
| Key figures | |||||||||
| Total debt | $3.4M | — | $7.3M | $4.2M | $1.6M | $1.7M | $277,374 | $173,590 | $163,381 |
| Net cash (debt) | −$3.0M | — | −$7.1M | $13.8M | $1.7M | −$178,312 | $1.3M | $1.7M | −$85,371 |
| Working capital | $61.0M | $60.0M | $49.9M | $43.8M | $43.2M | $7.0M | $3.8M | $5.1M | $2.1M |
| Tangible book value | $102.0M | $90.7M | $90.3M | $63.0M | $61.7M | $22.1M | $17.2M | $16.7M | $16.1M |
| Current ratio | 13.90 | 42.41 | 3.22 | 2.44 | 8.66 | 1.91 | 1.61 | 1.70 | 1.20 |
| Quick ratio | 8.44 | 21.25 | 1.30 | 1.21 | 6.52 | 1.34 | 0.92 | 0.68 | 0.79 |
| Debt / equity | 0.03 | — | 0.07 | 0.07 | 0.03 | 0.08 | 0.02 | 0.01 | 0.01 |
| Equity / assets | 95.0% | 98.5% | 82.1% | 67.2% | 90.9% | 73.5% | 74.3% | 70.0% | 60.4% |
| Jun '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $5.7M | $390,706 | $390,706 | $231,447 | $231,447 | $231,447 | $317,323 | $317,323 | $126,416 | $126,416 | $195,502 | $195,502 |
| Cash & equivalents | $5.7M | $390,706 | $390,706 | $231,447 | $231,447 | $231,447 | $317,323 | $317,323 | $126,416 | $126,416 | $195,502 | $195,502 |
| Receivables | $8.7M | $39.6M | $1.7M | $1.4M | $1.4M | $1.4M | $30.5M | $11.8M | $33.4M | $33.4M | $29.0M | $29.0M |
| Inventory | $10.0M | $25.1M | $3.6M | $22.8M | $22.8M | $22.8M | $29.8M | $29.8M | $33.3M | $33.3M | $41.7M | $41.7M |
| Other current assets | $796,588 | $739,319 | $60.1M | $21.1M | $21.1M | $21.1M | $863,690 | $19.6M | $1.4M | $1.4M | $1.5M | $1.5M |
| Total current assets | $25.1M | $65.8M | $65.8M | $45.5M | $45.5M | $45.5M | $61.5M | $61.5M | $68.2M | $68.2M | $72.4M | $72.4M |
| Property, plant & equipment (net) | $696,978 | $941,131 | $941,131 | $1.2M | $1.2M | $1.2M | $2.1M | $30.7M | $41.6M | $41.6M | $46.0M | $42.4M |
| Goodwill & intangible assets | $2.0M | $0 | $0 | $5.9M | $5.9M | $5.9M | $6.2M | $12.8M | $2,941 | $6.6M | $6.9M | $6.7M |
| Long-term investments | $0 | $0 | $40.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $40.0M | $40.6M | $0 | $51.6M | $51.6M | $51.6M | $28.5M | $0 | $8.6M | $2.0M | $822,505 | $4.7M |
| Total assets | $67.8M | $107.3M | $107.3M | $104.2M | $104.2M | $104.2M | $98.4M | $98.4M | $118.4M | $118.4M | $126.2M | $126.2M |
| Liabilities | ||||||||||||
| Accounts payable | $236,832 | $145,435 | $145,435 | $470,850 | $470,850 | $470,850 | $535,221 | $535,221 | $5.9M | $5.9M | $12.6M | $12.6M |
| Short-term debt | $8.0M | $3.4M | — | $442,338 | $442,338 | $442,338 | — | $6.5M | $6.5M | $6.5M | $7.3M | $7.3M |
| Deferred revenue | — | — | — | — | — | — | — | $1.5M | — | $838,738 | $1.2M | $99,999 |
| Total current liabilities | $9.1M | $4.7M | $4.7M | $1.8M | $1.8M | $1.8M | $1.5M | $1.5M | $15.5M | $15.5M | $22.5M | $22.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $34,266 | $0 |
| Lease obligations | — | — | — | — | — | — | $0 | — | $0 | — | $31,602 | — |
| Other long-term liabilities | $611,326 | $611,327 | $611,327 | $0 | $0 | $0 | $0 | $107,261 | $107,261 | $107,261 | $34,153 | $189,718 |
| Total liabilities | $9.7M | $5.3M | $5.3M | $1.8M | $1.8M | $1.8M | $1.5M | $1.5M | $15.6M | $15.6M | $22.6M | $22.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $133.7M | $128.6M | — | $112.0M | $112.0M | $112.0M | $108.7M | $108.7M | $107.3M | $107.3M | $106.2M | $106.2M |
| Retained earnings (deficit) | −$77.4M | −$27.9M | −$27.9M | −$9.8M | −$9.8M | −$9.8M | −$16.7M | −$16.7M | −$5.6M | −$5.6M | −$3.2M | −$2.7M |
| Accumulated other comprehensive income | −$7.0M | −$7.7M | — | −$8.7M | −$8.7M | −$8.7M | −$3.9M | −$3.9M | −$7.1M | −$7.7M | −$8.2M | −$8.8M |
| Total shareholders' equity | $58.1M | $102.0M | $102.0M | $102.3M | $102.3M | $102.3M | $96.9M | $96.9M | $102.8M | $102.8M | $103.6M | $103.6M |
| Key figures | ||||||||||||
| Total debt | $8.0M | $3.4M | — | $442,338 | $442,338 | $442,338 | — | $6.5M | $6.5M | $6.5M | $7.3M | $7.3M |
| Net cash (debt) | −$2.3M | −$3.0M | — | −$210,891 | −$210,891 | −$210,891 | — | −$6.1M | −$6.3M | −$6.3M | −$7.1M | −$7.1M |
| Working capital | $16.0M | $61.0M | $61.0M | $43.6M | $43.6M | $43.6M | $60.0M | $60.0M | $52.7M | $52.7M | $49.9M | $50.0M |
| Tangible book value | $56.1M | $102.0M | $102.0M | $96.4M | $96.4M | $96.4M | $90.7M | $84.1M | $102.8M | $96.2M | $96.6M | $96.9M |
| Book value per share | $8.25 | $18.13 | $18.13 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 7.0M | 5.6M | 5.6M | — | — | — | — | — | — | — | — | — |
| Current ratio | 2.77 | 13.90 | 13.90 | 25.13 | 25.13 | 25.13 | 42.41 | 42.41 | 4.40 | 4.40 | 3.22 | 3.23 |
| Quick ratio | 1.58 | 8.44 | 0.43 | 0.89 | 0.89 | 0.89 | 21.25 | 8.35 | 2.16 | 2.16 | 1.30 | 1.30 |
| Debt / equity | 0.14 | 0.03 | — | 0.00 | 0.00 | 0.00 | — | 0.07 | 0.06 | 0.06 | 0.07 | 0.07 |
| Equity / assets | 85.7% | 95.0% | 95.0% | 98.3% | 98.3% | 98.3% | 98.5% | 98.5% | 86.8% | 86.8% | 82.1% | 82.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed January 30, 2026); data from EODHD.
CNEY financial position
At the end of fiscal 2025 (September 30, 2025), CN Energy Group. had total assets of $107.3 million (up 9.1% from a year earlier), total liabilities of $5.3 million and shareholders' equity of $102.0 million. It held $0.4 million in cash and short-term investments against $3.4 million of debt, net debt of $3.0 million. Its current ratio was 13.90. In the latest quarter (ended June 30, 2026) total assets were $67.8 million and equity $58.1 million.
Related: CNEY income statement, CNEY cash flow statement, CNEY key metrics. See the CNEY stock overview for the latest quote and news.
CNEY balance sheet FAQ
What are CN Energy Group.'s total assets?
CN Energy Group. reported total assets of $107.3 million at the end of fiscal 2025 (September 30, 2025), compared with $98.4 million a year earlier.
How much debt does CN Energy Group. have?
CN Energy Group. had $3.4 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.03.
How much cash does CN Energy Group. have?
CN Energy Group. held $0.4 million in cash and short-term investments at the end of fiscal 2025; with $3.4 million of debt that is net debt of $3.0 million.
What is CN Energy Group.'s book value?
CN Energy Group.'s shareholders' equity (book value) was $102.0 million at the end of fiscal 2025.
What is CN Energy Group.'s current ratio?
CN Energy Group. had current assets of $65.8 million and current liabilities of $4.7 million, a current ratio of 13.90 (it can cover its short-term obligations).