Elong Power Holding Limited Class A (ELPW) Balance Sheet
ELPW balance sheet, 2025
December 31, 2025 · U.S. dollars$27.7M assets = $50.5M liabilities + −$22.7M equity
Liabilities exceed assets: shareholders’ equity is negative (−$22.7M).
Both columns are drawn to the same scale: what ELPW owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ELPW financial health
Descriptive bands, not a rating. Fiscal 2025.
ELPW balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $53.5M2021 | $27.7M2025 | −15.2%/yr | |
| Total liabilities | $50.5M2021 | $50.5M2025 | −0.0%/yr | |
| Shareholders’ equity | $3.0M2021 | −$22.7M2025 | — | |
| Cash & short-term investments | $30,5612021 | $7.6M2025 | +297.2%/yr | |
| Total debt | $32.1M2021 | $9.6M2025 | −26.0%/yr | |
| Net cash (debt) | −$32.0M2021 | −$2.0M2025 | +$30.0M | |
| Working capital | −$12.6M2021 | −$14.0M2025 | −$1.4M | |
| Current ratio | 0.502021 | 0.462025 | −0.04 | |
| Debt / equity | 10.752021 | 25.112023 | +14.36 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ELPW assets
ELPW liabilities and equity
ELPW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ELPW balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $7.6M | $7.2M | $756 | $918,359 | $30,561 |
| Cash & equivalents | $443,591 | $146,125 | $756 | $918,359 | $30,561 |
| Short-term investments | $7.2M | $7.0M | $8,418 | $23,599 | — |
| Receivables | $973,200 | $0 | $2.1M | $4.2M | $5.0M |
| Inventory | $1.4M | $1.4M | $2.8M | $3.8M | $5.7M |
| Other current assets | $1.9M | $1.9M | $765,177 | $1.2M | $1.9M |
| Total current assets | $11.9M | $10.5M | $5.7M | $10.1M | $12.6M |
| Property, plant & equipment (net) | $189,204 | $0 | $29.7M | $31.8M | $36.5M |
| Goodwill & intangible assets | $2,673 | $2,673 | $158,326 | $177,940 | $180,616 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $15.7M | $16.2M | $1.9M | $2.5M | $4.3M |
| Total assets | $27.7M | $26.6M | $37.5M | $44.5M | $53.5M |
| Liabilities | |||||
| Accounts payable | $875,063 | $0 | $1.8M | $3.2M | $6.4M |
| Short-term debt | $9.6M | — | $3.9M | $2.3M | $10.2M |
| Deferred revenue | $2.0M | — | $3.9M | $5.6M | $1.5M |
| Total current liabilities | $25.9M | $20.4M | $15.0M | $17.0M | $25.2M |
| Long-term debt | $0 | $0 | $246,482 | $0 | $0 |
| Lease obligations | — | $0 | $22.1M | $21.6M | $22.2M |
| Other long-term liabilities | $24.6M | $22.7M | $21.3M | $32.4M | $25.3M |
| Total liabilities | $50.5M | $43.1M | $36.5M | $49.5M | $50.5M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $501 | — | $233 | $233 | $233 |
| Retained earnings (deficit) | −$74.5M | −$68.9M | −$38.8M | −$30.8M | −$21.0M |
| Accumulated other comprehensive income | $659,506 | — | $1.3M | $1.3M | $872,284 |
| Total shareholders' equity | −$22.7M | −$16.5M | $978,336 | −$4.9M | $3.0M |
| Key figures | |||||
| Total debt | $9.6M | — | $24.6M | $23.9M | $32.1M |
| Net cash (debt) | −$2.0M | — | −$24.6M | −$22.9M | −$32.0M |
| Working capital | −$14.0M | −$9.9M | −$9.3M | −$7.0M | −$12.6M |
| Tangible book value | −$22.7M | −$16.5M | $820,010 | −$5.1M | $2.8M |
| Current ratio | 0.46 | 0.51 | 0.38 | 0.59 | 0.50 |
| Quick ratio | 0.33 | 0.35 | 0.14 | 0.30 | 0.20 |
| Debt / equity | — | — | 25.11 | — | 10.75 |
| Equity / assets | −82.0% | −61.8% | 2.6% | −11.0% | 5.6% |
| Sep '26 | Mar '26 | Sep '25 | Jun '25 | Dec '24 | Jun '24 | Mar '24 | Dec '23 | Jun '23 | Dec '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $8.9M | $7.6M | $7.1M | $7.2M | $7.2M | $1.0M | $1.0M | $756 | $1.8M | $918,359 | $30,561 |
| Cash & equivalents | $5.9M | $443,591 | $74,623 | $146,514 | $146,125 | $1.0M | $1.0M | $756 | $1.8M | $918,359 | $30,561 |
| Short-term investments | $2.9M | $7.2M | $7.0M | $7.1M | $7.0M | $8,224 | $8,224 | $8,418 | — | — | — |
| Receivables | $358,386 | $973,200 | $1.4M | $1.2M | $0 | $768,509 | $768,509 | $2.1M | $2.4M | $4.2M | $5.0M |
| Inventory | $0 | $0 | $1.3M | $1.4M | $1.4M | $2.0M | $2.0M | $2.8M | $4.0M | $3.8M | $5.7M |
| Other current assets | $8.9M | $3.3M | $597,230 | $580,954 | $1.9M | $2.3M | $2.3M | $765,177 | $982,236 | $1.2M | $1.9M |
| Total current assets | $18.1M | $11.9M | $10.5M | $10.5M | $10.5M | $6.1M | $6.1M | $5.7M | $9.1M | $10.1M | $12.6M |
| Property, plant & equipment (net) | $159,329 | $189,204 | $16.7M | $16.1M | $0 | $28.0M | $28.0M | $29.7M | $29.7M | $31.8M | $36.5M |
| Goodwill & intangible assets | $0 | $0 | $0 | $2,673 | $2,673 | $146,036 | $0 | $158,326 | $162,713 | $177,940 | $180,616 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $4.6M | $15.7M | $8,478 | $8,569 | $16.2M | $1.8M | $1.9M | $1.9M | $1.9M | $2.5M | $4.3M |
| Total assets | $22.8M | $27.7M | $27.2M | $26.6M | $26.6M | $36.1M | $36.1M | $37.5M | $40.8M | $44.5M | $53.5M |
| Liabilities | |||||||||||
| Accounts payable | $46,234 | $875,063 | $1.1M | $1.1M | $0 | $1.1M | $3.6M | $1.8M | $2.5M | $3.2M | $6.4M |
| Short-term debt | $6.7M | $9.6M | $9.3M | $7.7M | — | $9.4M | $6.9M | $3.9M | $1.9M | $2.3M | $10.2M |
| Deferred revenue | $169,470 | $2.0M | $4.1M | $3.9M | — | $3.8M | — | $3.9M | $4.8M | $5.6M | $1.5M |
| Total current liabilities | $7.9M | $25.9M | $22.8M | $20.4M | $20.4M | $19.9M | $19.9M | $15.0M | $14.7M | $17.0M | $25.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $246,482 | $0 | $0 | $0 |
| Lease obligations | — | — | — | $23.4M | $0 | $22.2M | — | $22.1M | — | — | — |
| Other long-term liabilities | $35,313 | $24.6M | $23.8M | $22.7M | $22.7M | $18.9M | $18.9M | $21.3M | $34.2M | $32.4M | $25.3M |
| Total liabilities | $7.9M | $50.5M | $46.6M | $43.1M | $43.1M | $38.8M | $38.8M | $36.5M | $48.9M | $49.5M | $50.5M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $84,858 | $501 | $671 | $591 | — | $233 | $233 | $233 | $233 | $233 | $233 |
| Retained earnings (deficit) | −$53.3M | −$74.5M | −$71.6M | −$68.9M | −$68.9M | −$41.8M | −$41.8M | −$38.8M | −$33.8M | −$30.8M | −$21.0M |
| Accumulated other comprehensive income | $379,980 | $659,506 | $1.1M | $1.4M | — | $561,621 | $561,621 | $1.3M | $1.2M | $1.3M | $872,284 |
| Total shareholders' equity | $14.9M | −$22.7M | −$19.4M | −$16.5M | −$16.5M | −$2.8M | −$2.8M | $978,336 | −$8.1M | −$4.9M | $3.0M |
| Key figures | |||||||||||
| Total debt | $6.7M | $9.6M | $32.6M | $29.7M | — | $27.5M | $25.0M | $24.6M | $23.3M | $23.9M | $32.1M |
| Net cash (debt) | $2.2M | −$2.0M | −$25.5M | −$22.4M | — | −$26.5M | −$24.0M | −$24.6M | −$21.5M | −$22.9M | −$32.0M |
| Working capital | $10.2M | −$14.0M | −$12.3M | −$9.9M | −$9.9M | −$13.8M | −$13.8M | −$9.3M | −$5.6M | −$7.0M | −$12.6M |
| Tangible book value | $14.9M | −$22.7M | −$19.4M | −$16.5M | −$16.5M | −$2.9M | −$2.8M | $820,010 | −$8.3M | −$5.1M | $2.8M |
| Current ratio | 2.30 | 0.46 | 0.46 | 0.51 | 0.51 | 0.31 | 0.31 | 0.38 | 0.62 | 0.59 | 0.50 |
| Quick ratio | 1.17 | 0.33 | 0.38 | 0.42 | 0.35 | 0.09 | 0.09 | 0.14 | 0.28 | 0.30 | 0.20 |
| Debt / equity | 0.45 | — | — | — | — | — | — | 25.11 | — | — | 10.75 |
| Equity / assets | 65.3% | −82.0% | −71.3% | −61.8% | −61.8% | −7.7% | −7.7% | 2.6% | −19.8% | −11.0% | 5.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 20, 2026); data from EODHD.
ELPW financial position
At the end of fiscal 2025 (December 31, 2025), Elong Power had total assets of $27.7 million (up 4.2% from a year earlier), total liabilities of $50.5 million and shareholders' equity of -$22.7 million. It held $7.6 million in cash and short-term investments against $9.6 million of debt, net debt of $2.0 million. Its current ratio was 0.46. In the latest quarter (ended September 30, 2026) total assets were $22.8 million and equity $14.9 million.
Related: ELPW income statement, ELPW cash flow statement, ELPW key metrics. See the ELPW stock overview for the latest quote and news.
ELPW balance sheet FAQ
What are Elong Power's total assets?
Elong Power reported total assets of $27.7 million at the end of fiscal 2025 (December 31, 2025), compared with $26.6 million a year earlier.
How much debt does Elong Power have?
Elong Power had $9.6 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does Elong Power have?
Elong Power held $7.6 million in cash and short-term investments at the end of fiscal 2025; with $9.6 million of debt that is net debt of $2.0 million.
What is Elong Power's book value?
Elong Power's shareholders' equity (book value) was -$22.7 million at the end of fiscal 2025.
What is Elong Power's current ratio?
Elong Power had current assets of $11.9 million and current liabilities of $25.9 million, a current ratio of 0.46 (current liabilities exceed current assets).
How much goodwill does Elong Power have?
Elong Power carried $0.0 million of goodwill and intangible assets, 0.0% of total assets, at the end of fiscal 2025.