Sunrise New Energy Co., Ltd. (EPOW) Balance Sheet
EPOW balance sheet, 2025
December 31, 2025 · U.S. dollars$156.4M assets = $140.5M liabilities + $15.9M equity
Both columns are drawn to the same scale: what EPOW owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EPOW financial health
Descriptive bands, not a rating. Fiscal 2025.
EPOW balance sheet trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $7.9M2017 | $156.4M2025 | +45.1%/yr | |
| Total liabilities | $4.8M2017 | $140.5M2025 | +52.4%/yr | |
| Shareholders’ equity | $3.1M2017 | −$12.1M2025 | — | |
| Cash & short-term investments | $6.4M2017 | $21.8M2025 | +16.5%/yr | |
| Total debt | $142,4502017 | $81.3M2025 | +121.1%/yr | |
| Net cash (debt) | $6.3M2017 | −$59.5M2025 | −$65.8M | |
| Working capital | $2.4M2017 | −$28.4M2025 | −$30.8M | |
| Book value per share | $3.252017 | −$11.212025 | — | |
| Current ratio | 1.492017 | 0.722025 | −0.77 | |
| Debt / equity | 0.052017 | 10.502023 | +10.45 | |
| Shares outstanding | 941K2017 | 1.1M2025 | +1.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EPOW assets
EPOW liabilities and equity
EPOW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EPOW balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $21.8M | $1.3M | $3.6M | $5.0M | $19.9M | $11.0M | $9.4M | $11.9M | $6.4M |
| Cash & equivalents | $21.8M | $1.3M | $1.4M | $4.3M | $13.9M | $11.0M | $9.4M | $11.7M | $6.4M |
| Short-term investments | — | — | $2.2M | $3.3M | $6.0M | $0 | $0 | $291,409 | — |
| Receivables | $14.5M | $32.6M | $10.4M | $5.4M | $8.1M | $12.6M | $5.9M | $603,542 | $624,306 |
| Inventory | $24.1M | $17.7M | $15.8M | $18.3M | $3.1M | $2.7M | $3.3M | $1 | $10,484 |
| Other current assets | $11.8M | $11.5M | $6.0M | $15.9M | $3.2M | $1.3M | $480,308 | $1.2M | $137,953 |
| Total current assets | $72.2M | $63.0M | $35.8M | $44.6M | $34.3M | $27.7M | $19.2M | $13.7M | $7.2M |
| Property, plant & equipment (net) | $68.4M | $66.9M | $71.5M | $45.3M | $4.9M | $3.5M | $1.8M | $75,828 | $50,196 |
| Goodwill & intangible assets | $13.3M | $9.3M | $9.8M | $4.0M | $3.6M | $4.3M | $4.7M | $603,542 | $0 |
| Long-term investments | $2.2M | $2.0M | $1.9M | $3.0M | $5.4M | $3.1M | $582,080 | $430,757 | $0 |
| Other non-current assets | $178,033 | $1.9M | $1.5M | $10.1M | $10.5M | $1.2M | $664,229 | $0 | $687,735 |
| Total assets | $156.4M | $143.0M | $120.5M | $107.0M | $58.7M | $39.7M | $27.0M | $14.3M | $7.9M |
| Liabilities | |||||||||
| Accounts payable | $36.8M | $50.0M | $33.9M | $12.3M | $34,486 | $33,697 | $2.8M | $38,018 | $13,654 |
| Short-term debt | $41.6M | $23.1M | $19.0M | $8.3M | $99,569 | $63,301 | $263,796 | $2.2M | $142,450 |
| Deferred revenue | $14.9M | $4.9M | $690,164 | $694,702 | $179,407 | $250,309 | $583,520 | $2.2M | $4.6M |
| Total current liabilities | $100.7M | $86.8M | $63.5M | $26.0M | $1.7M | $5.6M | $6.9M | $3.6M | $4.8M |
| Long-term debt | $39.6M | $26.4M | $6.5M | $4.1M | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $757,596 | $5.9M | $4.9M | $0 | $99,569 | $66,497 | $368,581 | — | — |
| Other long-term liabilities | $319,801 | $2.6M | $5.2M | $3.6M | $313,462 | $3,196 | $104,785 | $0 | $0 |
| Total liabilities | $140.5M | $115.7M | $75.2M | $33.7M | $1.7M | $5.6M | $7.0M | $3.6M | $4.8M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $3,872 | $2,698 | $2,614 | $2,536 | $2,453 | $1,680 | $1,680 | $1,680 | $2,800 |
| Retained earnings (deficit) | −$58.9M | −$42.2M | −$30.5M | −$6.2M | $17.3M | $25.7M | $14.4M | $6.3M | −$1.2M |
| Accumulated other comprehensive income | $100,199 | −$99,204 | $488,853 | $1.1M | $4.6M | $3.9M | $1.0M | $315,760 | $104,913 |
| Minority interest | $28.0M | $37.6M | $42.7M | $44.7M | — | — | — | — | — |
| Total shareholders' equity | −$12.1M | −$10.3M | $2.6M | $28.7M | $53.9M | $34.0M | $19.8M | $10.7M | $3.1M |
| Key figures | |||||||||
| Total debt | $81.3M | $50.5M | $27.8M | $12.4M | $99,569 | $66,497 | $368,581 | $2.2M | $142,450 |
| Net cash (debt) | −$59.5M | −$49.2M | −$24.2M | −$7.4M | $19.8M | $10.9M | $9.1M | $9.8M | $6.3M |
| Working capital | −$28.4M | −$23.7M | −$27.7M | $18.6M | $32.6M | $22.1M | $12.3M | $10.1M | $2.4M |
| Tangible book value | −$25.4M | −$19.5M | −$7.1M | $24.7M | $50.3M | $29.7M | $15.0M | $10.1M | $3.1M |
| Book value per share | −$11.21 | −$9.66 | $2.58 | $28.89 | $56.95 | $36.62 | $29.45 | — | $3.25 |
| Shares outstanding | 1.1M | 1.1M | 1.0M | 993K | 946K | 930K | 672K | — | 941K |
| Current ratio | 0.72 | 0.73 | 0.56 | 1.72 | 19.93 | 4.95 | 2.79 | 3.80 | 1.49 |
| Quick ratio | 0.36 | 0.39 | 0.22 | 0.40 | 16.25 | 4.23 | 2.24 | 3.48 | 1.46 |
| Debt / equity | — | — | 10.50 | 0.43 | 0.00 | 0.00 | 0.02 | 0.20 | 0.05 |
| Equity / assets | −7.7% | −7.2% | 2.2% | 26.8% | 91.7% | 85.7% | 73.4% | 74.7% | 38.5% |
| Mar '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 | $21.8M | $21.8M | $27.4M | $19.9M | $1.3M | $1.3M | $15.2M | $15.2M | $3.6M | $1.4M | $10.0M | $9.1M |
| Cash & equivalents | $21.8M | $21.8M | $27.4M | $19.9M | $1.3M | $1.3M | $15.2M | $15.2M | $1.4M | $1.4M | $6.7M | $5.8M |
| Short-term investments | — | — | — | — | — | — | — | — | $2.2M | $0 | $3.3M | $3.3M |
| Receivables | $14.5M | $9.9M | $27.4M | $23.3M | $32.6M | $29.0M | $12.9M | $12.7M | $10.4M | $8.9M | $19.4M | $13.5M |
| Inventory | $24.1M | $24.1M | $34.3M | $30.3M | $17.7M | $17.7M | $25.3M | $25.3M | $15.8M | $15.8M | $22.3M | $20.9M |
| Other current assets | $11.8M | $16.4M | $1.6M | $17.2M | $11.5M | $15.1M | $7.6M | $7.9M | $6.0M | $9.6M | $1.2M | $9.5M |
| Total current assets | $72.2M | $72.2M | $90.7M | $90.7M | $63.0M | $63.0M | $61.1M | $61.1M | $35.8M | $35.8M | $52.9M | $52.9M |
| Property, plant & equipment (net) | $68.4M | $68.4M | $69.4M | $64.9M | $66.9M | $66.9M | $67.7M | $68.7M | $71.5M | $72.4M | $52.0M | $52.0M |
| Goodwill & intangible assets | $13.3M | $13.3M | $68,250 | $13.0M | $9.3M | $9.3M | $9.4M | $9.4M | $9.8M | $9.8M | $3.5M | $13.0M |
| Long-term investments | $0 | $2.2M | $0 | $2.1M | $0 | $2.0M | $0 | $1.9M | $0 | $1.9M | $0 | $2.9M |
| Other non-current assets | $2.4M | $178,033 | $15.2M | $4.6M | $3.9M | $1.9M | $3.4M | $456,298 | $3.4M | $701,744 | $13.1M | $667,723 |
| Total assets | $156.4M | $156.4M | $175.4M | $175.4M | $143.0M | $143.0M | $141.6M | $141.6M | $120.5M | $120.5M | $121.5M | $121.5M |
| Liabilities | ||||||||||||
| Accounts payable | $36.8M | $36.8M | $39.2M | $39.2M | $50.0M | $50.0M | $44.3M | $44.3M | $33.9M | $33.9M | $19.1M | $19.1M |
| Short-term debt | $41.6M | — | $53.1M | — | $23.1M | — | $15.2M | — | $19.0M | — | $13.0M | — |
| Deferred revenue | $14.9M | — | $2.4M | — | $4.9M | — | $3.3M | — | $690,164 | — | $937,875 | — |
| Total current liabilities | $100.7M | $100.7M | $109.4M | $109.4M | $86.8M | $86.8M | $70.6M | $70.6M | $63.5M | $63.5M | $40.6M | $40.6M |
| Long-term debt | $0 | $39.6M | $0 | $38.9M | $0 | $26.4M | $0 | $27.0M | $0 | $3.5M | $0 | $7.3M |
| Lease obligations | — | $757,596 | — | $2.7M | — | $5.9M | — | $8.5M | — | $12.6M | — | $6.1M |
| Other long-term liabilities | $39.9M | $319,801 | $40.7M | $1.8M | $29.0M | $2.6M | $32.0M | $5.0M | $11.7M | $8.2M | $14.3M | $7.0M |
| Total liabilities | $140.5M | $140.5M | $150.1M | $150.1M | $115.7M | $115.7M | $102.6M | $102.6M | $75.2M | $75.2M | $54.9M | $54.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $3,872 | — | $2,698 | — | $2,698 | — | $2,614 | — | $2,614 | — | $2,536 | — |
| Retained earnings (deficit) | −$58.9M | −$58.9M | −$43.5M | −$43.5M | −$42.2M | −$42.2M | −$32.4M | −$34.9M | −$30.5M | −$30.5M | −$10.9M | −$10.9M |
| Accumulated other comprehensive income | $100,199 | — | $121,471 | — | −$99,204 | — | −$2.6M | — | $488,853 | — | −$329,718 | — |
| Minority interest | — | $28.0M | — | $36.2M | — | $37.6M | — | — | — | — | — | — |
| Total shareholders' equity | −$12.1M | −$12.1M | −$11.0M | −$11.0M | −$10.3M | −$10.3M | −$2.8M | −$2.8M | $2.6M | $2.6M | $23.2M | $23.2M |
| Key figures | ||||||||||||
| Total debt | $81.3M | $39.6M | $89.7M | $38.9M | $50.5M | $26.4M | $44.3M | $27.0M | $27.8M | $3.5M | $23.8M | $7.3M |
| Net cash (debt) | −$59.5M | −$17.7M | −$62.3M | −$18.9M | −$49.2M | −$25.1M | −$29.1M | −$11.8M | −$24.2M | −$2.1M | −$13.8M | $1.8M |
| Working capital | −$28.4M | −$28.4M | −$18.7M | −$18.7M | −$23.7M | −$23.7M | −$9.5M | −$9.5M | −$27.7M | −$27.7M | $12.3M | $12.3M |
| Tangible book value | −$25.4M | −$25.4M | −$11.0M | −$24.0M | −$19.5M | −$19.5M | −$12.2M | −$12.2M | −$7.1M | −$7.1M | $19.7M | $10.2M |
| Book value per share | −$11.21 | — | −$10.15 | — | −$9.66 | — | −$2.63 | — | $2.55 | — | $22.87 | — |
| Shares outstanding | 1.1M | — | 1.1M | — | 1.1M | — | 1.0M | — | 1.0M | — | 1.0M | — |
| Current ratio | 0.72 | 0.72 | 0.83 | 0.83 | 0.73 | 0.73 | 0.87 | 0.87 | 0.56 | 0.56 | 1.30 | 1.30 |
| Quick ratio | 0.36 | 0.32 | 0.50 | 0.40 | 0.39 | 0.35 | 0.40 | 0.40 | 0.22 | 0.16 | 0.72 | 0.56 |
| Debt / equity | — | — | — | — | — | — | — | — | 10.50 | 1.33 | 1.03 | 0.31 |
| Equity / assets | −7.7% | −7.7% | −6.2% | −6.2% | −7.2% | −7.2% | −1.9% | −1.9% | 2.2% | 2.2% | 19.1% | 19.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 15, 2026); data from EODHD.
EPOW financial position
At the end of fiscal 2025 (December 31, 2025), Sunrise New Energy had total assets of $156.4 million (up 9.4% from a year earlier), total liabilities of $140.5 million and shareholders' equity of -$12.1 million. It held $21.8 million in cash and short-term investments against $81.3 million of debt, net debt of $59.5 million. Its current ratio was 0.72. In the latest quarter (ended March 31, 2026) total assets were $156.4 million and equity -$12.1 million.
Related: EPOW income statement, EPOW cash flow statement, EPOW key metrics. See the EPOW stock overview for the latest quote and news.
EPOW balance sheet FAQ
What are Sunrise New Energy's total assets?
Sunrise New Energy reported total assets of $156.4 million at the end of fiscal 2025 (December 31, 2025), compared with $143.0 million a year earlier.
How much debt does Sunrise New Energy have?
Sunrise New Energy had $81.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Sunrise New Energy have?
Sunrise New Energy held $21.8 million in cash and short-term investments at the end of fiscal 2025; with $81.3 million of debt that is net debt of $59.5 million.
What is Sunrise New Energy's book value?
Sunrise New Energy's shareholders' equity (book value) was -$12.1 million at the end of fiscal 2025, or −$11.21 per share.
What is Sunrise New Energy's current ratio?
Sunrise New Energy had current assets of $72.2 million and current liabilities of $100.7 million, a current ratio of 0.72 (current liabilities exceed current assets).
How much goodwill does Sunrise New Energy have?
Sunrise New Energy carried $13.3 million of goodwill and intangible assets, 8.5% of total assets, at the end of fiscal 2025.