EZGO Technologies Ltd. (EZGO) Balance Sheet
EZGO balance sheet, FY2025
September 30, 2025 · U.S. dollars$69.1M assets = $18.1M liabilities + $51.0M equity
Both columns are drawn to the same scale: what EZGO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EZGO financial health
Descriptive bands, not a rating. Fiscal FY2025.
EZGO balance sheet trends, FY2018–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $13.7MFY2018 | $69.1MFY2025 | +26.0%/yr | |
| Total liabilities | $7.1MFY2018 | $18.1MFY2025 | +14.4%/yr | |
| Shareholders’ equity | $3.7MFY2018 | $48.4MFY2025 | +44.7%/yr | |
| Cash & short-term investments | $27,375FY2018 | $517,337FY2025 | +52.2%/yr | |
| Total debt | $5.8MFY2018 | $11.4MFY2025 | +10.1%/yr | |
| Net cash (debt) | −$5.8MFY2018 | −$10.9MFY2025 | −$5.1M | |
| Working capital | $2.6MFY2018 | $25.9MFY2025 | +$23.3M | |
| Current ratio | 1.37FY2018 | 3.21FY2025 | +1.85 | |
| Debt / equity | 1.59FY2018 | 0.24FY2025 | −1.36 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EZGO assets
EZGO liabilities and equity
EZGO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EZGO balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $517,337 | $6.0M | $17.9M | $5.1M | $8.3M | $2.5M | $3.6M | $27,375 |
| Cash & equivalents | $517,337 | $4.4M | $17.3M | $4.4M | $5.9M | $340,530 | $3.6M | $27,375 |
| Short-term investments | $0 | $1.6M | $685,307 | $702,889 | $2.4M | $2.2M | — | — |
| Receivables | $27.2M | $11.1M | $13.9M | $17.0M | $10.4M | $8.6M | $3.1M | $7.1M |
| Inventory | $9.7M | $17.4M | $19.6M | $10.9M | $8.3M | $3.6M | $9.7M | $56,831 |
| Other current assets | $155,714 | $7.0M | $1.5M | $167,099 | $701,599 | $1.6M | $264,604 | $2.5M |
| Total current assets | $37.6M | $41.4M | $52.9M | $33.2M | $27.7M | $16.3M | $16.7M | $9.7M |
| Property, plant & equipment (net) | $9.8M | $7.8M | $5.4M | $4.1M | $8.7M | $3.1M | $2.2M | $1.8M |
| Goodwill & intangible assets | $1.6M | $5.5M | $5.6M | $6.7M | $4.5M | $0 | $0 | $0 |
| Long-term investments | $11.0M | $16.3M | $12.2M | $2.1M | $132,621 | $0 | $0 | $0 |
| Other non-current assets | $9.1M | $14.3M | $5.8M | $1.5M | $942,204 | $391,892 | $313,407 | $2.2M |
| Total assets | $69.1M | $85.4M | $81.9M | $47.5M | $42.0M | $19.8M | $19.2M | $13.7M |
| Liabilities | ||||||||
| Accounts payable | $281,165 | $1.1M | $1.1M | $866,036 | $651,702 | $639,357 | $141,067 | $553,387 |
| Short-term debt | $5.0M | $7.3M | $1.7M | $2.8M | $310,395 | $319,627 | $4.3M | $5.8M |
| Deferred revenue | $160,687 | $372,138 | $1.0M | $900,436 | $94,899 | $155,378 | $111,606 | $26,575 |
| Total current liabilities | $11.7M | $16.9M | $11.0M | $14.0M | $9.5M | $6.7M | $6.8M | $7.1M |
| Long-term debt | $6.4M | $7.5M | $4.4M | $0 | $0 | $0 | $6,838 | $0 |
| Lease obligations | — | $47,331 | $41,570 | $0 | — | — | — | — |
| Other long-term liabilities | $0 | $23,069 | $0 | $4.6M | $1.1M | $1.1M | $0 | $579,962 |
| Total liabilities | $18.1M | $24.4M | $15.4M | $14.0M | $9.5M | $6.7M | $6.8M | $7.1M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $732,031 | $107,007 | $102,103 | $24,214 | $13,627 | $7,800 | $7,800 | $7,800 |
| Retained earnings (deficit) | −$30.5M | −$22.1M | −$14.8M | −$7.9M | −$1.4M | $1.6M | $1.5M | −$96,825 |
| Accumulated other comprehensive income | −$3.0M | −$1.6M | −$3.7M | −$2.1M | $827,920 | −$46,705 | −$468,684 | −$464,107 |
| Minority interest | $2.6M | $2.4M | $3.1M | $2.9M | — | — | — | — |
| Total shareholders' equity | $48.4M | $58.6M | $63.4M | $30.6M | $28.5M | $8.9M | $8.2M | $3.7M |
| Key figures | ||||||||
| Total debt | $11.4M | $14.7M | $6.1M | $2.8M | $310,395 | $299,315 | $27,324 | $5.8M |
| Net cash (debt) | −$10.9M | −$8.8M | $11.8M | $2.3M | $8.0M | $2.3M | $3.6M | −$5.8M |
| Working capital | $25.9M | $24.5M | $41.9M | $19.2M | $18.2M | $9.6M | $9.9M | $2.6M |
| Tangible book value | $46.8M | $53.1M | $57.8M | $24.0M | $24.0M | $8.9M | $8.2M | $3.7M |
| Current ratio | 3.21 | 2.45 | 4.79 | 2.37 | 2.92 | 2.45 | 2.44 | 1.37 |
| Quick ratio | 2.37 | 1.01 | 2.88 | 1.58 | 1.97 | 1.67 | 0.99 | 1.01 |
| Debt / equity | 0.24 | 0.25 | 0.10 | 0.09 | 0.01 | 0.03 | 0.00 | 1.59 |
| Equity / assets | 70.1% | 68.6% | 77.4% | 64.5% | 67.9% | 44.8% | 42.9% | 26.7% |
| Jun '26 | Mar '26 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $811,852 | $811,852 | $517,337 | $372,562 | $372,562 | $6.0M | $5.0M | $2.2M | $2.2M | $17.9M | $17.9M | $3.0M |
| Cash & equivalents | $811,852 | $811,852 | $517,337 | $372,562 | $372,562 | $4.4M | $3.5M | $657,319 | $656,468 | $17.3M | $17.3M | $2.3M |
| Short-term investments | — | — | $0 | $0 | $1.6M | $1.6M | $1.6M | $1.5M | $1.5M | $685,307 | $685,307 | $728,056 |
| Receivables | $17.3M | $6.4M | $27.2M | $9.2M | $6.8M | $11.1M | $8.3M | $18.1M | $4.3M | $13.9M | $3.8M | $16.2M |
| Inventory | $19.7M | $2.1M | $9.7M | $15.8M | $15.5M | $17.4M | $17.4M | $28.1M | $32.1M | $19.6M | $19.5M | $20.5M |
| Other current assets | $1.4M | $29.9M | $155,714 | $7.0M | $9.6M | $7.0M | $10.7M | $3.9M | $13.6M | $1.5M | $11.7M | $516,128 |
| Total current assets | $39.2M | $39.2M | $37.6M | $32.3M | $32.3M | $41.4M | $41.4M | $52.2M | $52.2M | $52.9M | $52.9M | $40.2M |
| Property, plant & equipment (net) | $11.1M | $11.1M | $9.8M | $15.0M | $8.0M | $7.8M | $7.9M | $6.8M | $6.8M | $3.9M | $3.9M | $1.6M |
| Goodwill & intangible assets | $5.3M | $6.9M | $1.6M | $5.6M | $5.0M | $5.5M | $5.5M | $6.3M | $5.7M | $7.3M | $7.3M | $9.9M |
| Long-term investments | $0 | $11.3M | $11.0M | $14.3M | $0 | $16.3M | $0 | $15.0M | $0 | $12.2M | $0 | $13.0M |
| Other non-current assets | $24.6M | $2.1M | $9.1M | $11.4M | $33.3M | $14.3M | $30.5M | $2.3M | $17.9M | $5.7M | $17.8M | $3.2M |
| Total assets | $80.2M | $70.6M | $69.1M | $78.6M | $78.6M | $85.4M | $85.4M | $82.6M | $82.6M | $81.9M | $81.9M | $68.0M |
| Liabilities | ||||||||||||
| Accounts payable | $457,930 | $457,930 | $281,165 | $1.3M | $1.3M | $1.1M | $1.5M | $432,402 | $1.6M | $1.1M | $1.1M | $753,953 |
| Short-term debt | $5.5M | — | $5.0M | $5.0M | $5.0M | $7.3M | $7.3M | $3.5M | $3.5M | $1.7M | $1.7M | $1.5M |
| Deferred revenue | $124,739 | — | $160,687 | — | $372,138 | $372,138 | — | $813,268 | $5.1M | $1.0M | $2.0M | $2.0M |
| Total current liabilities | $12.8M | $12.8M | $11.7M | $14.8M | $14.8M | $16.9M | $16.9M | $13.0M | $13.0M | $11.0M | $11.0M | $15.0M |
| Long-term debt | $0 | $5.8M | $6.4M | $6.4M | $0 | $7.5M | $0 | $6.9M | $0 | $4.4M | $0 | $0 |
| Lease obligations | — | — | — | $2,719 | — | $47,331 | — | $61,574 | — | $41,570 | — | — |
| Other long-term liabilities | $5.8M | $0 | $0 | $10,237 | $6.4M | $23,069 | $7.5M | $32,355 | $6.9M | $0 | $4.4M | $0 |
| Total liabilities | $18.6M | $18.6M | $18.1M | $21.3M | $21.3M | $24.4M | $24.4M | $19.9M | $19.9M | $15.4M | $15.4M | $15.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | $732,031 | $227,007 | $227,007 | $107,007 | $107,007 | $102,141 | $102,141 | $102,103 | $102,103 | $50,417 |
| Retained earnings (deficit) | −$34.1M | −$34.1M | −$30.5M | −$23.2M | −$22.9M | −$22.1M | −$21.7M | −$18.8M | −$18.5M | −$14.8M | −$14.4M | −$12.7M |
| Accumulated other comprehensive income | −$1.4M | — | −$3.0M | −$3.6M | −$4.0M | −$1.6M | −$2.0M | −$3.7M | −$3.7M | −$3.7M | −$4.1M | −$917,998 |
| Minority interest | — | $2.5M | $2.6M | $2.3M | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $59.1M | $49.5M | $48.4M | $55.0M | $55.0M | $58.6M | $58.6M | $60.1M | $60.1M | $63.4M | $63.4M | $50.1M |
| Key figures | ||||||||||||
| Total debt | $11.2M | $5.8M | $11.4M | $11.4M | $11.4M | $14.7M | $14.8M | $10.4M | $10.5M | $6.1M | $6.1M | $1.5M |
| Net cash (debt) | −$10.4M | −$5.0M | −$10.9M | −$11.1M | −$11.1M | −$8.8M | −$9.7M | −$8.3M | −$8.3M | $11.8M | $11.9M | $1.5M |
| Working capital | $26.4M | $26.4M | $25.9M | $17.5M | $17.5M | $24.5M | $24.5M | $39.2M | $39.2M | $41.9M | $41.9M | $25.2M |
| Tangible book value | $53.8M | $42.6M | $46.8M | $49.4M | $50.0M | $53.1M | $53.1M | $53.8M | $54.4M | $56.1M | $56.1M | $40.2M |
| Book value per share | — | — | — | — | $11.10 | — | $22.02 | — | $23.55 | — | $40.62 | — |
| Shares outstanding | — | — | — | — | 5.0M | — | 2.7M | — | 2.6M | — | 1.6M | — |
| Current ratio | 3.07 | 3.07 | 3.21 | 2.18 | 2.18 | 2.45 | 2.45 | 4.02 | 4.02 | 4.79 | 4.79 | 2.68 |
| Quick ratio | 1.42 | 0.57 | 2.37 | 0.64 | 0.49 | 1.01 | 0.79 | 1.56 | 0.50 | 2.88 | 1.97 | 1.28 |
| Debt / equity | 0.19 | 0.12 | 0.24 | 0.21 | 0.21 | 0.25 | 0.25 | 0.17 | 0.17 | 0.10 | 0.10 | 0.03 |
| Equity / assets | 73.7% | 70.1% | 70.1% | 70.0% | 70.0% | 68.6% | 68.6% | 72.8% | 72.8% | 77.4% | 77.4% | 73.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 30, 2025); data from EODHD.
EZGO financial position
At the end of fiscal 2025 (September 30, 2025), EZGO Technologies had total assets of $69.1 million (down 19.1% from a year earlier), total liabilities of $18.1 million and shareholders' equity of $48.4 million. It held $0.5 million in cash and short-term investments against $11.4 million of debt, net debt of $10.9 million. Its current ratio was 3.21. In the latest quarter (ended June 30, 2026) total assets were $80.2 million and equity $59.1 million.
Related: EZGO income statement, EZGO cash flow statement, EZGO key metrics. See the EZGO stock overview for the latest quote and news.
EZGO balance sheet FAQ
What are EZGO Technologies's total assets?
EZGO Technologies reported total assets of $69.1 million at the end of fiscal 2025 (September 30, 2025), compared with $85.4 million a year earlier.
How much debt does EZGO Technologies have?
EZGO Technologies had $11.4 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.24.
How much cash does EZGO Technologies have?
EZGO Technologies held $0.5 million in cash and short-term investments at the end of fiscal 2025; with $11.4 million of debt that is net debt of $10.9 million.
What is EZGO Technologies's book value?
EZGO Technologies's shareholders' equity (book value) was $48.4 million at the end of fiscal 2025.
What is EZGO Technologies's current ratio?
EZGO Technologies had current assets of $37.6 million and current liabilities of $11.7 million, a current ratio of 3.21 (it can cover its short-term obligations).
How much goodwill does EZGO Technologies have?
EZGO Technologies carried $1.6 million of goodwill and intangible assets, 2.3% of total assets, at the end of fiscal 2025.