Kandi Technologies Group, Inc. (KNDI) Balance Sheet
KNDI balance sheet, 2025
December 31, 2025 · U.S. dollars$399.7M assets = $129.6M liabilities + $270.1M equity
Both columns are drawn to the same scale: what KNDI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
KNDI financial health
Descriptive bands, not a rating. Fiscal 2025.
KNDI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $439.7M2016 | $399.7M2025 | −1.1%/yr | |
| Total liabilities | $207.4M2016 | $129.6M2025 | −5.1%/yr | |
| Shareholders’ equity | $232.3M2016 | $270.1M2025 | +1.7%/yr | |
| Cash & short-term investments | $16.7M2016 | $211.9M2025 | +32.6%/yr | |
| Total debt | $77.9M2016 | $47.2M2025 | −5.4%/yr | |
| Net cash (debt) | −$61.2M2016 | $164.7M2025 | +$225.9M | |
| Working capital | $86.3M2016 | $172.7M2025 | +$86.3M | |
| Book value per share | $49.512016 | $32.302025 | −4.6%/yr | |
| Current ratio | 1.492016 | 2.342025 | +0.86 | |
| Debt / equity | 0.342016 | 0.172025 | −0.16 | |
| Shares outstanding | 4.7M2016 | 8.4M2025 | +6.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KNDI assets
KNDI liabilities and equity
KNDI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
KNDI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $211.9M | $42.8M | $67.7M | $165.3M | $184.3M | $142.1M | $5.5M | $15.7M | $4.9M | $16.7M |
| Cash & equivalents | $176.4M | $37.3M | $33.8M | $84.1M | $129.2M | $142.1M | $5.5M | $15.7M | $4.9M | $12.2M |
| Short-term investments | $35.5M | $5.5M | $33.9M | $81.2M | $55.0M | $0 | $47.2M | $128.9M | $1.5M | $4.5M |
| Receivables | $55.5M | $171.5M | $149.9M | $50.5M | $62.1M | $94.5M | $135.0M | $107.2M | $184.8M | $179.9M |
| Inventory | $26.4M | $51.3M | $61.6M | $40.5M | $33.2M | $19.7M | $27.7M | $22.0M | $16.0M | $11.9M |
| Other current assets | $7.3M | $89.1M | $64.4M | $73.1M | $63.1M | $50.9M | $27.3M | $22.5M | $32.7M | $55.5M |
| Total current assets | $301.1M | $354.6M | $343.5M | $329.3M | $342.6M | $307.1M | $195.6M | $167.3M | $238.3M | $264.0M |
| Property, plant & equipment (net) | $58.7M | $70.0M | $104.7M | $97.4M | $111.7M | $105.6M | $74.4M | $82.0M | $65.1M | $42.2M |
| Goodwill & intangible assets | $22.8M | $41.2M | $46.0M | $44.1M | $52.5M | $40.5M | $47.3M | $44.6M | $13.3M | $12.5M |
| Long-term investments | $1.9M | $1.4M | $0 | $144,984 | $157,262 | $28.9M | $47.2M | $128.9M | $88.0M | $78.8M |
| Other non-current assets | $15.3M | $6.6M | $1.2M | $12.1M | $13.2M | $13.1M | $6.7M | $5.9M | $33.6M | $42.1M |
| Total assets | $399.7M | $473.9M | $495.5M | $483.0M | $520.2M | $495.2M | $371.2M | $428.8M | $438.3M | $439.7M |
| Liabilities | ||||||||||
| Accounts payable | $22.1M | $25.5M | $28.7M | $35.3M | $36.7M | $34.3M | $72.1M | $112.3M | $111.6M | $115.9M |
| Short-term debt | $47.2M | $79.1M | $33.1M | $24.7M | $9.1M | $92,445 | $50.5M | $43.3M | $58.9M | $42.7M |
| Deferred revenue | — | — | $2.1M | $11.3M | $11.3M | $38.2M | $7.9M | $1.4M | $2.4M | $6.4M |
| Total current liabilities | $128.4M | $120.4M | $76.7M | $81.5M | $64.2M | $83.8M | $131.9M | $164.8M | $184.6M | $177.7M |
| Long-term debt | $0 | $5.7M | $8.4M | $0 | $2.2M | $0 | $14.9M | $29.4M | $30.7M | $28.8M |
| Other long-term liabilities | $1.2M | $1.2M | $3.9M | $3.8M | $10.6M | $7.7M | $6.6M | $9.0M | $0 | $878,639 |
| Total liabilities | $129.6M | $127.3M | $88.9M | $85.3M | $77.0M | $91.5M | $153.4M | $203.2M | $215.3M | $207.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $84,782 | $87,553 | $87,533 | $77,669 | $77,385 | $75,377 | $52,839 | $51,484 | $48,037 | $47,700 |
| Retained earnings (deficit) | −$160.7M | −$66.8M | −$16.3M | −$16.3M | −$4.2M | −$27.1M | −$16.7M | −$9.5M | −$3.8M | $24.5M |
| Treasury stock | — | — | — | — | — | — | −$2.5M | — | $0 | $0 |
| Accumulated other comprehensive income | −$35.7M | −$48.1M | −$37.0M | −$28.3M | $251,786 | −$8.8M | −$22.7M | −$19.9M | −$6.3M | −$20.2M |
| Minority interest | −$744 | $1.9M | $2.4M | $722,481 | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $270.1M | $344.7M | $404.1M | $397.0M | $443.2M | $403.8M | $217.9M | $225.6M | $223.0M | $232.3M |
| Key figures | ||||||||||
| Total debt | $47.2M | $84.9M | $41.5M | $24.7M | $11.4M | $92,445 | $65.5M | $72.7M | $91.9M | $77.9M |
| Net cash (debt) | $164.7M | −$42.1M | $26.2M | $140.6M | $172.9M | $142.0M | −$60.0M | −$57.1M | −$87.0M | −$61.2M |
| Working capital | $172.7M | $234.3M | $266.9M | $247.8M | $278.4M | $223.3M | $63.7M | $2.5M | $53.7M | $86.3M |
| Tangible book value | $247.3M | $303.5M | $358.1M | $352.9M | $390.7M | $363.2M | $170.5M | $181.0M | $209.7M | $219.8M |
| Book value per share | $32.30 | $40.05 | $50.58 | $52.53 | $58.20 | $72.15 | — | — | $46.51 | $49.51 |
| Shares outstanding | 8.4M | 8.6M | 8.0M | 7.6M | 7.6M | 5.6M | — | — | 4.8M | 4.7M |
| Current ratio | 2.34 | 2.95 | 4.48 | 4.04 | 5.34 | 3.66 | 1.48 | 1.02 | 1.29 | 1.49 |
| Quick ratio | 2.08 | 1.78 | 2.84 | 2.65 | 3.84 | 2.82 | 1.07 | 0.75 | 1.03 | 1.11 |
| Debt / equity | 0.17 | 0.25 | 0.10 | 0.06 | 0.03 | 0.00 | 0.30 | 0.32 | 0.41 | 0.34 |
| Equity / assets | 67.6% | 72.7% | 81.6% | 82.2% | 85.2% | 81.5% | 58.7% | 52.6% | 50.9% | 52.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $223.7M | $223.7M | $118.4M | $118.4M | $185.7M | $185.7M | $42.8M | $94.2M | $118.6M | $67.7M | $182.6M |
| Cash & equivalents | $14.6M | $14.6M | $35.5M | $35.5M | $32.2M | $32.2M | $37.3M | $53.5M | $37.3M | $67.7M | $72.9M |
| Short-term investments | $209.1M | $209.1M | $82.9M | $82.9M | $153.5M | $153.5M | $5.5M | $40.6M | $81.3M | $33.9M | $109.7M |
| Receivables | $13.4M | $13.4M | $55.5M | $22.7M | $10.8M | $10.8M | $171.5M | $45.9M | $52.2M | $149.9M | $27.5M |
| Inventory | $28.0M | $28.0M | $26.4M | $26.4M | $45.2M | $45.2M | $51.3M | $85.8M | $73.2M | $61.6M | $57.9M |
| Other current assets | $74.9M | $74.9M | $100.8M | $133.6M | $82.4M | $82.4M | $89.1M | $170.8M | $104.9M | $0 | $65.2M |
| Total current assets | $340.1M | $340.1M | $301.1M | $301.1M | $324.2M | $324.2M | $354.6M | $396.7M | $348.9M | $67.7M | $333.1M |
| Property, plant & equipment (net) | $58.7M | $58.7M | $63.9M | $63.9M | $62.4M | $62.4M | $70.0M | $92.7M | $92.5M | $104.7M | $98.8M |
| Goodwill & intangible assets | $47.2M | $47.2M | $29.0M | $29.0M | $37.5M | $37.5M | $41.2M | $41.2M | $37.8M | $46.0M | $39.4M |
| Long-term investments | $0 | $0 | $1.9M | $0 | $2.0M | $0 | $1.4M | $0 | $0 | $0 | $137,095 |
| Other non-current assets | $15.5M | $15.5M | $3.8M | $5.6M | $17.3M | $19.2M | $6.6M | $11.6M | $14.2M | $277.0M | $11.2M |
| Total assets | $461.4M | $461.4M | $399.7M | $399.7M | $443.3M | $443.3M | $473.9M | $542.2M | $493.4M | $495.5M | $482.6M |
| Liabilities | |||||||||||
| Accounts payable | $49.5M | $49.5M | $22.1M | $38.6M | $37.9M | $37.9M | $25.5M | $31.0M | $35.0M | $28.7M | $34.5M |
| Short-term debt | $43.3M | $43.3M | $47.2M | $31.2M | $37.4M | $37.4M | $79.1M | $76.1M | $36.7M | $33.1M | $31.2M |
| Deferred revenue | — | — | — | — | — | — | — | — | $2.0M | $2.13T | $688,633 |
| Total current liabilities | $150.6M | $150.6M | $128.4M | $128.4M | $86.4M | $86.4M | $120.4M | $121.8M | $84.8M | $76.7M | $80.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $5.7M | $7.9M | $8.1M | $8.4M | $8.2M |
| Other long-term liabilities | $3.1M | $3.1M | $1.2M | $1.2M | $1.0M | $1.0M | $1.2M | $3.0M | $3.6M | $0 | $1.6M |
| Total liabilities | $153.7M | $153.7M | $129.6M | $129.6M | $87.4M | $87.4M | $127.3M | $132.7M | $96.5M | −$406.5M | $89.8M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $307.7M | $307.7M | $84,782 | $84,782 | $354.1M | $354.1M | $87,553 | $407.2M | $394.5M | $87,533 | $84,997 |
| Retained earnings (deficit) | — | — | −$160.7M | −$160.7M | — | — | −$66.8M | — | — | −$16.3M | −$11.8M |
| Accumulated other comprehensive income | — | — | −$35.7M | −$35.7M | — | — | −$48.1M | — | — | $404.1M | −$48.1M |
| Minority interest | — | — | −$744 | — | $1.9M | — | $1.9M | — | — | — | — |
| Total shareholders' equity | $307.7M | $307.7M | $270.1M | $270.1M | $354.1M | $354.1M | $344.7M | $407.2M | $394.5M | $406.5M | $390.4M |
| Key figures | |||||||||||
| Total debt | $43.6M | $43.6M | $47.2M | $31.5M | $37.8M | $37.8M | $84.9M | $83.9M | $44.8M | $41.5M | $39.4M |
| Net cash (debt) | $180.1M | $180.1M | $71.2M | $86.9M | $147.9M | $147.9M | −$42.1M | $10.3M | $73.8M | $26.2M | $143.2M |
| Working capital | $189.5M | $189.5M | $172.7M | $172.7M | $237.8M | $237.8M | $234.3M | $274.9M | $264.1M | −$9.0M | $253.1M |
| Tangible book value | $260.5M | $260.5M | $241.0M | $241.0M | $316.5M | $316.5M | $303.5M | $366.0M | $356.6M | $360.5M | $351.0M |
| Book value per share | $31.75 | $31.75 | $32.77 | $32.77 | $41.75 | $41.75 | $40.05 | $47.31 | $45.59 | $46.54 | $48.06 |
| Shares outstanding | 9.7M | 9.7M | 8.2M | 8.2M | 8.5M | 8.5M | 8.6M | 8.6M | 8.7M | 8.7M | 8.1M |
| Current ratio | 2.26 | 2.26 | 2.34 | 2.34 | 3.75 | 3.75 | 2.95 | 3.26 | 4.11 | 0.88 | 4.16 |
| Quick ratio | 1.57 | 1.57 | 1.35 | 1.10 | 2.27 | 2.27 | 1.78 | 1.15 | 2.01 | 2.84 | 2.63 |
| Debt / equity | 0.14 | 0.14 | 0.17 | 0.12 | 0.11 | 0.11 | 0.25 | 0.21 | 0.11 | 0.10 | 0.10 |
| Equity / assets | 66.7% | 66.7% | 67.6% | 67.6% | 79.9% | 79.9% | 72.7% | 75.1% | 79.9% | 82.0% | 80.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
KNDI financial position
At the end of fiscal 2025 (December 31, 2025), Kandi Technologies had total assets of $399.7 million (down 15.7% from a year earlier), total liabilities of $129.6 million and shareholders' equity of $270.1 million. It held $211.9 million in cash and short-term investments against $47.2 million of debt, a net cash position of $164.7 million. Its current ratio was 2.34. In the latest quarter (ended June 30, 2026) total assets were $461.4 million and equity $307.7 million.
Related: KNDI income statement, KNDI cash flow statement, KNDI key metrics. See the KNDI stock overview for the latest quote and news.
KNDI balance sheet FAQ
What are Kandi Technologies's total assets?
Kandi Technologies reported total assets of $399.7 million at the end of fiscal 2025 (December 31, 2025), compared with $473.9 million a year earlier.
How much debt does Kandi Technologies have?
Kandi Technologies had $47.2 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.17.
How much cash does Kandi Technologies have?
Kandi Technologies held $211.9 million in cash and short-term investments at the end of fiscal 2025; with $47.2 million of debt that is net cash of $164.7 million.
What is Kandi Technologies's book value?
Kandi Technologies's shareholders' equity (book value) was $270.1 million at the end of fiscal 2025, or $32.30 per share.
What is Kandi Technologies's current ratio?
Kandi Technologies had current assets of $301.1 million and current liabilities of $128.4 million, a current ratio of 2.34 (it can cover its short-term obligations).
How much goodwill does Kandi Technologies have?
Kandi Technologies carried $22.8 million of goodwill and intangible assets, 5.7% of total assets, at the end of fiscal 2025.