Crown ElectroKinetics Corp. (CRKN) Balance Sheet
CRKN balance sheet, 2024
December 31, 2024 · U.S. dollars$35.0M assets = $12.7M liabilities + $22.2M equity
Both columns are drawn to the same scale: what CRKN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CRKN financial health
Descriptive bands, not a rating. Fiscal 2024.
CRKN balance sheet trends, 2016–2024
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $195,6402016 | $35.0M2024 | +91.2%/yr | |
| Total liabilities | $242,4402016 | $12.7M2024 | +64.1%/yr | |
| Shareholders’ equity | −$46,8002016 | $22.2M2024 | — | |
| Cash & short-term investments | $7,1702016 | $13.7M2024 | +157.1%/yr | |
| Total debt | $323,5902017 | $679,0002024 | +11.2%/yr | |
| Net cash (debt) | −$155,3702017 | $13.0M2024 | +$13.2M | |
| Working capital | −$217,8602016 | $12.5M2024 | +$12.7M | |
| Current ratio | 0.102016 | 2.132024 | +2.03 | |
| Debt / equity | 0.002021 | 0.032024 | +0.03 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CRKN assets
CRKN liabilities and equity
CRKN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CRKN balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $13.7M | $1.1M | $821,000 | $6.1M | $48,307 | $99,447 | $99,447 | $168,220 | $7,170 |
| Cash & equivalents | $13.7M | $1.1M | $821,000 | $6.1M | $48,307 | $99,447 | $99,447 | $168,220 | $7,170 |
| Receivables | $5.4M | $83,000 | $0 | $0 | $24,788 | $24,788 | $24,788 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $4.5M | $728,000 | $590,000 | $687,000 | $0 | $66,878 | $66,878 | $12,430 | $17,410 |
| Total current assets | $23.6M | $1.9M | $1.4M | $6.8M | $61,000 | $191,113 | $191,113 | $180,650 | $24,580 |
| Property, plant & equipment (net) | $10.1M | $4.8M | $3.3M | $895,000 | $92,629 | $102,378 | $102,378 | $8,610 | $16,940 |
| Goodwill & intangible assets | $1.2M | $1.4M | $1.6M | $1.8M | $235,007 | $275,407 | $275,407 | $315,700 | $154,110 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $126,000 | $1.4M | $330,000 | $179,000 | $0 | $104,141 | $104,141 | $0 | $10 |
| Total assets | $35.0M | $9.5M | $6.6M | $9.7M | $388,636 | $673,039 | $673,039 | $504,960 | $195,640 |
| Liabilities | |||||||||
| Accounts payable | $5.4M | $1.5M | $865,000 | $358,000 | $1.3M | $517,807 | $517,807 | $89,560 | $59,940 |
| Short-term debt | — | $1.1M | $2.2M | $8,000 | $3.1M | $1.9M | $1.9M | $323,590 | — |
| Deferred revenue | — | — | — | — | $1.3M | $225,141 | $225,141 | — | — |
| Total current liabilities | $11.1M | $3.8M | $4.7M | $664,000 | $7.3M | $4.1M | $4.1M | $1.0M | $242,440 |
| Long-term debt | $679,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.6M | $1.7M | $1.9M | — | — | — | — | — | — |
| Other long-term liabilities | $984,000 | $1.1M | $1.4M | $0 | $4.3M | $2.4M | $2.4M | $413,150 | $59,940 |
| Total liabilities | $12.7M | $4.8M | $6.1M | $664,000 | $7.3M | $4.1M | $4.1M | $1.0M | $242,440 |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | — | $7,000 | $2,000 | $1,000 | $1,733 | $988 | $988 | $930 | $890 |
| Retained earnings (deficit) | −$142.9M | −$117.0M | −$88.0M | −$73.7M | −$16.4M | −$6.8M | −$6.8M | −$2.5M | −$1.3M |
| Accumulated other comprehensive income | — | — | — | $0 | −$68,265 | −$31,913 | −$31,913 | −$16,390 | −$8,060 |
| Total shareholders' equity | $22.2M | $4.7M | $530,000 | $9.0M | −$7.0M | −$3.4M | −$3.4M | −$501,750 | −$46,800 |
| Key figures | |||||||||
| Total debt | $679,000 | $2.2M | $3.6M | $8,000 | $3.1M | $1.9M | $1.9M | $323,590 | — |
| Net cash (debt) | $13.0M | −$1.1M | −$2.8M | $6.1M | −$3.0M | −$1.8M | −$1.8M | −$155,370 | — |
| Working capital | $12.5M | −$1.9M | −$3.3M | $6.2M | −$7.3M | −$3.9M | −$3.9M | −$826,060 | −$217,860 |
| Tangible book value | $21.1M | $3.3M | −$1.1M | $7.2M | −$7.2M | −$3.7M | −$3.7M | −$817,450 | −$200,910 |
| Book value per share | $28.13 | — | — | — | — | — | — | — | — |
| Shares outstanding | 791K | — | — | — | — | — | — | — | — |
| Current ratio | 2.13 | 0.50 | 0.30 | 10.27 | 0.01 | 0.05 | 0.05 | 0.18 | 0.10 |
| Quick ratio | 1.72 | 0.30 | 0.17 | 9.23 | 0.01 | 0.03 | 0.03 | 0.17 | 0.03 |
| Debt / equity | 0.03 | 0.46 | 6.80 | 0.00 | — | — | — | — | — |
| Equity / assets | 63.6% | 49.1% | 8.0% | 93.1% | −1,791.0% | −504.4% | −504.4% | −99.4% | −23.9% |
| Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $22.4M | $13.7M | $3.1M | $4.0M | $290,000 | $1.1M | $2.1M | $36,000 | $2.1M | $821,000 | $342,000 | $984,000 |
| Cash & equivalents | $22.4M | $13.7M | $3.1M | $4.0M | $290,000 | $1.1M | $2.1M | $36,000 | $2.1M | $821,000 | $342,000 | $984,000 |
| Receivables | $4.9M | $5.4M | $5.1M | $4.8M | $1.4M | $83,000 | $0 | $0 | $120,000 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $506,000 | $0 | $0 | $0 |
| Other current assets | $3.9M | $4.5M | $540,000 | $378,000 | $813,000 | $728,000 | $606,000 | $756,000 | $97,000 | $590,000 | $380,000 | $683,000 |
| Total current assets | $31.3M | $23.6M | $8.8M | $9.2M | $2.5M | $1.9M | $2.7M | $792,000 | $2.9M | $1.4M | $722,000 | $1.7M |
| Property, plant & equipment (net) | $10.9M | $10.1M | $7.0M | $4.9M | $4.6M | $4.8M | $3.3M | $3.2M | $4.2M | $3.3M | $3.4M | $3.2M |
| Goodwill & intangible assets | $1.1M | $1.2M | $1.2M | $1.3M | $1.3M | $1.4M | $2.3M | $2.3M | $2.4M | $1.6M | $1.7M | $1.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $126,000 | $126,000 | $624,000 | $667,000 | $527,000 | $1.4M | $3.9M | $5.9M | $8.5M | $330,000 | $403,000 | $403,000 |
| Total assets | $43.5M | $35.0M | $17.6M | $16.0M | $8.9M | $9.5M | $12.2M | $12.1M | $18.0M | $6.6M | $6.2M | $7.0M |
| Liabilities | ||||||||||||
| Accounts payable | $3.5M | $5.4M | $4.3M | $2.2M | $2.3M | $1.5M | $1.9M | $1.8M | $1.1M | $865,000 | $1.2M | $840,000 |
| Short-term debt | — | — | $767,000 | $1.4M | $699,000 | — | $473,000 | $2.3M | $5.3M | $2.2M | $261,000 | $386,000 |
| Deferred revenue | — | — | $240,000 | $1.3M | $1.3M | — | $175,000 | $409,000 | — | — | — | — |
| Total current liabilities | $6.1M | $11.1M | $6.3M | $5.7M | $5.3M | $3.8M | $2.5M | $7.2M | $9.0M | $4.7M | $1.6M | $2.4M |
| Long-term debt | $617,000 | $679,000 | $310,000 | $296,000 | $328,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.5M | $1.6M | $1.8M | $1.9M | $1.6M | $1.7M | $740,000 | $839,000 | $1.8M | $1.9M | $2.1M | $2.2M |
| Other long-term liabilities | $868,000 | $984,000 | $1.1M | $1.2M | $970,000 | $1.1M | $355,000 | $355,000 | $1.2M | $1.4M | $1.8M | $1.8M |
| Total liabilities | $7.6M | $12.7M | $7.7M | $7.2M | $6.6M | $4.8M | $2.9M | $7.6M | $10.2M | $6.1M | $3.4M | $4.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | — | — | $10,000 | — | $7,000 | $6,000 | $4,000 | $2,000 | $2,000 | $1,000 |
| Retained earnings (deficit) | −$152.6M | −$142.9M | −$132.5M | −$126.6M | −$121.6M | −$117.0M | −$107.7M | −$104.8M | −$90.3M | −$88.0M | −$85.9M | −$82.7M |
| Total shareholders' equity | $35.9M | $22.2M | $9.9M | $8.8M | $2.3M | $4.7M | $9.3M | $4.6M | $7.7M | $530,000 | $2.7M | $2.8M |
| Key figures | ||||||||||||
| Total debt | $617,000 | $679,000 | $2.2M | $2.8M | $2.0M | — | $828,000 | $2.6M | $6.5M | $3.6M | $2.1M | $2.2M |
| Net cash (debt) | $21.8M | $13.0M | $880,000 | $1.1M | −$1.7M | — | $1.2M | −$2.6M | −$4.4M | −$2.8M | −$1.7M | −$1.2M |
| Working capital | $25.2M | $12.5M | $2.5M | $3.4M | −$2.8M | −$1.9M | $125,000 | −$6.4M | −$6.2M | −$3.3M | −$883,000 | −$733,000 |
| Tangible book value | $34.8M | $21.1M | $8.7M | $7.5M | $992,000 | $3.3M | $7.0M | $2.2M | $5.3M | −$1.1M | $1.1M | $1.0M |
| Book value per share | $20.64 | $28.13 | $2.13 | $5.05 | — | — | — | — | — | — | — | — |
| Shares outstanding | 1.7M | 791K | 4.7M | 1.7M | — | — | — | — | — | — | — | — |
| Current ratio | 5.11 | 2.13 | 1.40 | 1.60 | 0.47 | 0.50 | 1.05 | 0.11 | 0.32 | 0.30 | 0.45 | 0.69 |
| Quick ratio | 4.47 | 1.72 | 1.31 | 1.53 | 0.31 | 0.30 | 0.81 | 0.00 | 0.25 | 0.17 | 0.21 | 0.41 |
| Debt / equity | 0.02 | 0.03 | 0.22 | 0.32 | 0.85 | — | 0.09 | 0.58 | 0.84 | 6.80 | 0.76 | 0.80 |
| Equity / assets | 82.5% | 63.6% | 56.3% | 54.9% | 26.1% | 49.1% | 76.2% | 37.5% | 43.1% | 8.0% | 44.5% | 39.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed —); data from EODHD.
CRKN financial position
At the end of fiscal 2024 (December 31, 2024), Crown ElectroKinetics had total assets of $35.0 million (up 267.2% from a year earlier), total liabilities of $12.7 million and shareholders' equity of $22.2 million. It held $13.7 million in cash and short-term investments against $0.7 million of debt, a net cash position of $13.0 million. Its current ratio was 2.13. In the latest quarter (ended March 31, 2025) total assets were $43.5 million and equity $35.9 million.
Related: CRKN income statement, CRKN cash flow statement, CRKN key metrics. See the CRKN stock overview for the latest quote and news.
CRKN balance sheet FAQ
What are Crown ElectroKinetics's total assets?
Crown ElectroKinetics reported total assets of $35.0 million at the end of fiscal 2024 (December 31, 2024), compared with $9.5 million a year earlier.
How much debt does Crown ElectroKinetics have?
Crown ElectroKinetics had $0.7 million of total debt at the end of fiscal 2024, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.03.
How much cash does Crown ElectroKinetics have?
Crown ElectroKinetics held $13.7 million in cash and short-term investments at the end of fiscal 2024; with $0.7 million of debt that is net cash of $13.0 million.
What is Crown ElectroKinetics's book value?
Crown ElectroKinetics's shareholders' equity (book value) was $22.2 million at the end of fiscal 2024, or $28.13 per share.
What is Crown ElectroKinetics's current ratio?
Crown ElectroKinetics had current assets of $23.6 million and current liabilities of $11.1 million, a current ratio of 2.13 (it can cover its short-term obligations).
How much goodwill does Crown ElectroKinetics have?
Crown ElectroKinetics carried $1.2 million of goodwill and intangible assets, 3.3% of total assets, at the end of fiscal 2024.