Shineco, Inc. (SISI) Balance Sheet

OTC Pink: SISIAssets, liabilities, debt and equity over 10 years.

SISI balance sheet, FY2024

June 30, 2024 · U.S. dollars

$84.2M assets = $47.6M liabilities + $36.6M equity

Both columns are drawn to the same scale: what SISI owns equals what it owes plus shareholders’ equity. Hover a block for its value.

SISI financial health

Current ratio0.76

Tight · current assets cover current liabilities 0.76×

Debt / equity1.14

Moderate leverage · $1.14 of debt for each $1 of equity

Equity / assets30.9%

Balanced · of assets funded by shareholders

Cash / debt1.2%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles67.5%

Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal FY2024.

SISI balance sheet trends, FY2015–FY2024

Shineco, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$52.1MFY2015	$84.2MFY2024	+5.5%/yr
Total liabilities	$5.9MFY2015	$47.6MFY2024	+26.1%/yr
Shareholders’ equity	$45.4MFY2015	$26.0MFY2024	−6.0%/yr
Cash & short-term investments	$6.1MFY2015	$366,140FY2024	−26.9%/yr
Total debt	$3.4MFY2015	$29.7MFY2024	+27.3%/yr
Net cash (debt)	$2.8MFY2015	−$29.3MFY2024	−$32.0M
Working capital	$22.3MFY2015	−$6.7MFY2024	−$29.0M
Current ratio	4.77FY2015	0.76FY2024	−4.01
Debt / equity	0.07FY2015	1.14FY2024	+1.07

Change is the average annual growth (CAGR) or the difference between the first and latest year.

SISI assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

SISI liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

SISI debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

SISI balance sheet

Shineco, Inc. annual balance sheet
	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Assets
Cash & short-term investments	$366,140	$625,966	$938,012	$16.3M	$32.4M	$35.3M	$31.5M	$23.3M	$22.1M	$6.1M
Cash & equivalents	$366,140	$625,966	$938,012	$16.3M	$32.4M	$35.3M	$31.5M	$23.2M	$22.0M	$6.1M
Short-term investments	$39,966	$37,015	$164,261	—	—	—	—	$158,894	$100,270	$87,453
Receivables	$1.2M	$34,586	$1.8M	$2.8M	$11.0M	$9.9M	$15.9M	$15.0M	$8.2M	$11.7M
Inventory	$1.6M	$324,406	$18.7M	$1.3M	$1.8M	$2.2M	$2.4M	$2.3M	$4.6M	$8.3M
Other current assets	$17.7M	$39.9M	$38.3M	$28.8M	$14.3M	$13.5M	$6.4M	$4.1M	$564,706	$2.1M
Total current assets	$20.9M	$40.9M	$59.7M	$49.3M	$59.5M	$61.0M	$56.2M	$44.7M	$35.5M	$28.3M
Property, plant & equipment (net)	$6.4M	$1.3M	$1,652	$5.8M	$12.7M	$10.7M	$11.7M	$10.3M	$11.0M	$5.8M
Goodwill & intangible assets	$56.8M	$18.6M	$0	$1.1M	$2.2M	$2.3M	$2.5M	$1.3M	$1.4M	$1.6M
Long-term investments	$0	$0	$617,446	$0	$4.5M	$6.7M	$6.6M	$0	$0	$0
Other non-current assets	$0	$2.6M	$3.5M	$5.1M	$96,280	$3.1M	$6.2M	$11.9M	$9.1M	$16.5M
Total assets	$84.2M	$63.5M	$63.8M	$61.3M	$79.1M	$83.7M	$83.1M	$68.3M	$57.0M	$52.1M
Liabilities
Accounts payable	$812,914	$191,148	$191,148	$76,584	$105,242	$220,119	$2.3M	$158,068	$259,803	$171,642
Short-term debt	$19.6M	$5.1M	$14.4M	$3.4M	$2.5M	$2.4M	$2.3M	$2.7M	$2.7M	$3.4M
Deferred revenue	$319,460	$89,490	$6,676	$7,468	$6,324	$382,091	$17,500	$5,439	$9,597	$32,826
Total current liabilities	$27.6M	$12.0M	$29.0M	$14.8M	$11.3M	$10.5M	$9.5M	$5.0M	$6.5M	$5.9M
Long-term debt	$10.0M	$11.3M	$0	$0	$0	$0	$0	$0	$0	$0
Lease obligations	$272,787	$131,447	$2.0M	$787,274	$499,524	—	—	—	—	—
Other long-term liabilities	$10.0M	$3.3M	$1.5M	$1.1M	$1.2M	$625,603	$696,837	$594,987	$2.2M	$0
Total liabilities	$47.6M	$26.6M	$30.5M	$15.9M	$12.6M	$11.1M	$10.2M	$5.0M	$6.5M	$5.9M
Shareholders' equity
Common stock & paid-in capital	$6.7M	$26,393	$10,984	$7,881	$3,040	$22,872	$21,234	$21,034	$19,321	$19,321
Retained earnings (deficit)	−$54.3M	−$31.7M	−$18.4M	$8.7M	$40.1M	$46.7M	$46.1M	$39.1M	$30.8M	$23.0M
Accumulated other comprehensive income	$4.1M	−$794,274	$2.1M	$3.5M	−$2.1M	$14,083	$2.6M	$343,467	$1.4M	$5.0M
Minority interest	$10.6M	$4.3M	−$398,348	—	—	—	—	—	—	—
Total shareholders' equity	$26.0M	$32.6M	$33.7M	$44.7M	$65.3M	$71.5M	$71.8M	$62.2M	$49.6M	$45.4M
Key figures
Total debt	$29.7M	$16.5M	$14.4M	$3.7M	$2.9M	$2.4M	$2.3M	$2.7M	$2.7M	$3.4M
Net cash (debt)	−$29.3M	−$15.9M	−$13.5M	$12.6M	$29.4M	$32.9M	$29.2M	$20.6M	$19.4M	$2.8M
Working capital	−$6.7M	$28.9M	$30.7M	$34.5M	$48.2M	$50.5M	$46.6M	$39.7M	$29.0M	$22.3M
Tangible book value	−$30.8M	$13.9M	$33.7M	$43.6M	$63.1M	$69.2M	$69.4M	$60.8M	$48.1M	$43.7M
Current ratio	0.76	3.41	2.06	3.33	5.25	5.82	5.89	8.89	5.43	4.77
Quick ratio	0.06	0.06	0.10	1.30	3.82	4.31	4.97	7.62	4.64	3.01
Debt / equity	1.14	0.51	0.43	0.08	0.04	0.03	0.03	0.04	0.06	0.07
Equity / assets	30.9%	51.3%	52.8%	72.9%	82.6%	85.4%	86.4%	91.0%	86.9%	87.0%

Shineco, Inc. quarterly balance sheet
	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	$192,735	$731,790	$288,714	$366,140	$565,483	$1.2M	$875,026	$625,966	$15.4M	$16.4M	$24.2M	$938,012
Cash & equivalents	$192,735	$731,790	$288,714	$366,140	$565,483	$1.2M	$875,026	$625,966	$15.4M	$16.4M	$24.2M	$938,012
Short-term investments	—	—	—	$39,966	$44,841	$45,709	$42,180	$37,015	—	$954,858	—	$164,261
Receivables	$9.7M	$1.2M	$808,556	$1.2M	$5.1M	$7.4M	$9.2M	$857,627	$10.5M	$4.4M	$4.2M	$8.6M
Inventory	$204,470	$21.9M	$19.2M	$1.6M	$14.2M	$2.0M	$2.1M	$324,406	$19.0M	$18.2M	$18.1M	$18.7M
Other current assets	$24.8M	$12.3M	$11.4M	$17.7M	$2.6M	$11.2M	$3.8M	$39.1M	$989,813	$17.3M	$7.3M	$31.5M
Total current assets	$34.9M	$36.2M	$31.7M	$20.9M	$22.4M	$21.8M	$16.0M	$40.9M	$45.9M	$56.3M	$53.8M	$59.7M
Property, plant & equipment (net)	$141,737	$5.2M	$6.5M	$6.4M	$6.3M	$6.5M	$6.6M	$1.3M	$2.3M	$2.2M	$3.0M	$1,652
Goodwill & intangible assets	$11.9M	$53.8M	$55.0M	$56.8M	$72.9M	$74.1M	$75.3M	$18.6M	$18.9M	$0	$0	$0
Long-term investments	$0	$0	$0	$0	$25,962	$0	$0	$0	$596,514	$611,225	$611,142	$617,446
Other non-current assets	$38.6M	$605,316	$616,133	$0	$178,332	$0	$0	$2.6M	$6,192	$7,192	$7,972	$3.5M
Total assets	$85.5M	$95.8M	$93.8M	$84.2M	$101.9M	$102.5M	$97.8M	$63.5M	$67.7M	$59.1M	$57.4M	$63.8M
Liabilities
Accounts payable	$78,715	$2.6M	$1.5M	$812,914	$2.7M	$2.4M	$1.7M	$191,148	$327,760	$1,502	$1,457	$1,547
Short-term debt	$11.8M	$23.9M	$25.1M	$19.6M	$29.0M	$30.0M	$28.6M	$5.1M	$16.6M	$15.0M	$14.9M	$14.4M
Deferred revenue	$26,958	$10.3M	$6.8M	$319,460	$6.4M	$3.4M	$463,513	$89,490	$180,275	—	$6,286	$6,676
Total current liabilities	$48.6M	$42.2M	$39.0M	$27.6M	$43.4M	$40.5M	$35.1M	$23.3M	$22.6M	$20.6M	$20.4M	$29.0M
Long-term debt	$0	$1.7M	$1.8M	$10.0M	$1.1M	$1.1M	$1.1M	$0	$0	$0	$0	$0
Lease obligations	$312,373	$309,918	$327,162	$272,787	$139,679	$146,420	$165,632	$131,447	$975,290	$794,146	$1.5M	$2.0M
Other long-term liabilities	$10.8M	$9.5M	$9.7M	$10.0M	$10.5M	$10.0M	$10.8M	$3.3M	$2.6M	$1.0M	$1.3M	$1.5M
Total liabilities	$59.4M	$53.3M	$50.5M	$47.6M	$55.0M	$51.6M	$47.0M	$26.6M	$25.2M	$21.6M	$21.7M	$30.5M
Shareholders' equity
Common stock & paid-in capital	$17,346	$2,180	$1,481	$6.7M	$292,160	$6,413	$49,236	$2,639	$1.2M	$19,657	$16,397	$10,984
Retained earnings (deficit)	−$73.1M	−$58.0M	−$56.4M	−$54.3M	−$34.0M	−$30.7M	−$26.4M	−$31.7M	−$26.3M	−$23.6M	−$20.8M	−$18.4M
Accumulated other comprehensive income	$4.2M	$4.1M	$4.3M	$4.1M	$4.1M	$4.1M	$4.1M	−$794,274	$855,291	$929,517	−$207,333	$2.1M
Minority interest	$7.9M	$9.4M	—	—	—	—	—	—	—	—	—	—
Total shareholders' equity	$18.2M	$33.1M	$33.3M	$26.0M	$36.2M	$39.1M	$38.4M	$32.6M	$37.4M	$37.8M	$36.1M	$33.7M
Key figures
Total debt	$11.8M	$25.6M	$26.9M	$29.7M	$30.1M	$31.2M	$29.8M	$16.5M	$17.2M	$15.5M	$15.7M	$14.4M
Net cash (debt)	−$11.6M	−$24.8M	−$26.6M	−$29.3M	−$29.5M	−$30.0M	−$28.9M	−$15.9M	−$1.8M	$923,529	$8.5M	−$13.5M
Working capital	−$13.7M	−$6.0M	−$7.3M	−$6.7M	−$20.9M	−$18.7M	−$19.1M	$17.6M	$23.3M	$35.7M	$33.4M	$30.7M
Tangible book value	$6.3M	−$20.7M	−$21.7M	−$30.8M	−$36.7M	−$35.0M	−$36.8M	$13.9M	$18.4M	$37.8M	$36.1M	$33.7M
Book value per share	$57.87	—	—	—	—	—	—	—	—	—	—	—
Shares outstanding	314K	—	—	—	—	—	—	—	—	—	—	—
Current ratio	0.72	0.86	0.81	0.76	0.52	0.54	0.46	1.75	2.03	2.73	2.64	2.06
Quick ratio	0.20	0.05	0.03	0.06	0.13	0.21	0.29	0.06	1.15	1.01	1.39	0.33
Debt / equity	0.65	0.77	0.81	1.14	0.83	0.80	0.77	0.51	0.46	0.41	0.44	0.43
Equity / assets	21.2%	34.6%	35.5%	30.9%	35.5%	38.1%	39.3%	51.3%	55.2%	64.0%	62.9%	52.8%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 30, 2024); data from EODHD.

SISI financial position

At the end of fiscal 2024 (June 30, 2024), Shineco had total assets of $84.2 million (up 32.6% from a year earlier), total liabilities of $47.6 million and shareholders' equity of $26.0 million. It held $0.4 million in cash and short-term investments against $29.7 million of debt, net debt of $29.3 million. Its current ratio was 0.76. In the latest quarter (ended March 31, 2025) total assets were $85.5 million and equity $18.2 million.

Related: SISI income statement, SISI cash flow statement, SISI key metrics. See the SISI stock overview for the latest quote and news.

SISI balance sheet FAQ

What are Shineco's total assets?

Shineco reported total assets of $84.2 million at the end of fiscal 2024 (June 30, 2024), compared with $63.5 million a year earlier.

How much debt does Shineco have?

Shineco had $29.7 million of total debt at the end of fiscal 2024, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.14.

How much cash does Shineco have?

Shineco held $0.4 million in cash and short-term investments at the end of fiscal 2024; with $29.7 million of debt that is net debt of $29.3 million.

What is Shineco's book value?

Shineco's shareholders' equity (book value) was $26.0 million at the end of fiscal 2024.

What is Shineco's current ratio?

Shineco had current assets of $20.9 million and current liabilities of $27.6 million, a current ratio of 0.76 (current liabilities exceed current assets).

How much goodwill does Shineco have?

Shineco carried $56.8 million of goodwill and intangible assets, 67.5% of total assets, at the end of fiscal 2024.