SOL: Emeren Group Ltd Financial Statements
Balance sheet, income statement, and cash flow statements for Emeren Group Ltd (SOL).
$104.05M Market Cap.
SOL Market Cap. (MRY)
SOL Shares Outstanding (MRY)
SOL Assets (MRY)
Total Assets
$447.57M
Total Liabilities
$109.55M
Total Investments
$0
SOL Income (MRY)
Revenue
$92.07M
Net Income
-$12.48M
Operating Expense
$24.63M
SOL Cash Flow (MRY)
CF Operations
-$4.29M
CF Investing
$15.31M
CF Financing
-$25.26M
SOL Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $447,566,000 (-6.44%) | $478,351,000 (-3.14%) | $493,850,000 (-6.69%) | $529,268,199 (57.08%) |
Assets Current | $191,388,000 (-15.48%) | $226,450,000 (2.59%) | $220,728,000 (-32.95%) | $329,187,736 (140.72%) |
Assets Non-Current | $256,178,000 (1.70%) | $251,901,000 (-7.77%) | $273,122,000 (36.51%) | $200,080,463 (-0.06%) |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $1,023,000 (0.04%) | $1,022,567 (0.00%) |
Shareholders Equity | $300,516,000 (-7.62%) | $325,312,000 (-6.33%) | $347,292,000 (-14.04%) | $404,005,568 (190.36%) |
Property Plant & Equipment Net | $219,344,000 (10.58%) | $198,363,000 (-7.67%) | $214,834,000 (28.53%) | $167,148,915 (-0.95%) |
Cash & Equivalents | $50,012,000 (-28.73%) | $70,174,000 (-34.59%) | $107,288,000 (-57.82%) | $254,382,366 (525.38%) |
Accumulated Other Comprehensive Income | -$19,116,000 (-40.26%) | -$13,629,000 (9.83%) | -$15,114,000 (-227.26%) | -$4,618,323 (-29.54%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $0 (0%) | $0 (0%) | $10,047,000 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $10,047,000 (0%) | $0 (0%) |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $63,019,000 (-30.75%) | $91,004,000 (36.71%) | $66,569,000 (45.28%) | $45,822,515 (126.98%) |
Trade & Non-Trade Payables | $11,892,000 (-26.61%) | $16,203,000 (127.63%) | $7,118,000 (-46.47%) | $13,296,289 (-4.82%) |
Accumulated Retained Earnings (Deficit) | -$453,040,000 (-2.83%) | -$440,563,000 (-0.73%) | -$437,377,000 (-1.08%) | -$432,705,128 (1.56%) |
Tax Assets | $8,005,000 (12.70%) | $7,103,000 (19.80%) | $5,929,000 (10.28%) | $5,376,474 (11.18%) |
Tax Liabilities | $4,100,000 (-27.23%) | $5,634,000 (27.03%) | $4,435,000 (425.52%) | $843,923 (-11.07%) |
Total Debt | $63,388,000 (4.21%) | $60,825,000 (-13.78%) | $70,549,000 (21.95%) | $57,850,046 (-49.95%) |
Debt Current | $6,854,000 (8.67%) | $6,307,000 (-48.36%) | $12,213,000 (0.99%) | $12,093,549 (-75.91%) |
Debt Non-Current | $56,534,000 (3.70%) | $54,518,000 (-6.54%) | $58,336,000 (27.49%) | $45,756,497 (-30.01%) |
Total Liabilities | $109,546,000 (-4.78%) | $115,042,000 (9.35%) | $105,207,000 (30.12%) | $80,855,715 (-47.39%) |
Liabilities Current | $49,518,000 (-13.11%) | $56,992,000 (31.63%) | $43,298,000 (23.36%) | $35,099,218 (-60.25%) |
Liabilities Non-Current | $60,028,000 (3.41%) | $58,050,000 (-6.23%) | $61,909,000 (35.30%) | $45,756,497 (-30.01%) |
SOL Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $92,067,000 (-12.85%) | $105,642,000 (72.36%) | $61,290,816 (-23.06%) | $79,661,792 (8.38%) |
Cost of Revenue | $67,945,000 (-15.73%) | $80,629,000 (75.45%) | $45,954,951 (-4.73%) | $48,236,951 (-15.10%) |
Selling General & Administrative Expense | $23,314,000 (-11.55%) | $26,359,000 (49.57%) | $17,623,140 (1.85%) | $17,303,608 (15.78%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $24,626,000 (-23.00%) | $31,983,000 (77.99%) | $17,968,702 (-4.28%) | $18,772,440 (89.51%) |
Interest Expense | $1,988,000 (-9.84%) | $2,205,000 (-30.37%) | $3,166,901 (-38.55%) | $5,153,794 (-16.96%) |
Income Tax Expense | $2,021,000 (-20.09%) | $2,529,000 (31.91%) | $1,917,206 (147.57%) | $774,412 (374.99%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$11,610,000 (-113.77%) | -$5,431,000 (-19.41%) | -$4,548,156 (-168.76%) | $6,614,460 (206.79%) |
Net Income to Non-Controlling Interests | $867,000 (138.62%) | -$2,245,000 (-1917.15%) | $123,545 (149.93%) | -$247,413 (60.27%) |
Net Income | -$12,477,000 (-291.62%) | -$3,186,000 (31.80%) | -$4,671,701 (-168.08%) | $6,861,873 (146.95%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$12,477,000 (-291.62%) | -$3,186,000 (31.80%) | -$4,671,701 (-168.08%) | $6,861,873 (146.95%) |
Weighted Average Shares | $512,549,555 (-8.94%) | $562,871,930 (-15.94%) | $669,567,810 (-4.02%) | $697,604,750 (45.09%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | -$8,468,000 (-647.03%) | $1,548,000 (275.36%) | $412,406 (-96.78%) | $12,790,079 (39.82%) |
Gross Profit | $24,122,000 (-3.56%) | $25,013,000 (63.10%) | $15,335,865 (-51.20%) | $31,424,841 (88.33%) |
Operating Income | -$504,000 (92.77%) | -$6,970,000 (-164.73%) | -$2,632,837 (-120.81%) | $12,652,401 (86.61%) |
SOL Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | $15,309,000 (0.00%) | $15,309,000 (134.45%) | -$44,435,383 (-331.15%) | $19,223,500 (667.56%) |
Net Cash Flow from Financing | -$25,263,000 (0.00%) | -$25,263,000 (58.09%) | -$60,280,808 (-129.46%) | $204,640,514 (578.13%) |
Net Cash Flow from Operations | -$4,293,000 (81.72%) | -$23,488,000 (38.22%) | -$38,015,710 (-523.14%) | -$6,100,668 (39.20%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$37,114,000 (0.00%) | -$37,114,000 (74.77%) | -$147,095,108 (-168.83%) | $213,706,055 (1232.91%) |
Net Cash Flow - Business Acquisitions and Disposals | $15,896,000 (0%) | $0 (0%) | $433,285 (200.00%) | -$433,285 (83.82%) |
Net Cash Flow - Investment Acquisitions and Disposals | $10,160,000 (-61.01%) | $26,056,000 (363.93%) | -$9,872,265 (0%) | $0 (0%) |
Capital Expenditure | -$10,747,000 (0.00%) | -$10,747,000 (69.29%) | -$34,996,403 (-278.04%) | $19,656,785 (2871.40%) |
Issuance (Repayment) of Debt Securities | -$3,542,000 (0.00%) | -$3,542,000 (79.16%) | -$16,996,127 (67.16%) | -$51,760,635 (-357.32%) |
Issuance (Purchase) of Equity Shares | -$21,832,000 (0.00%) | -$21,832,000 (49.56%) | -$43,284,681 (-115.94%) | $271,553,881 (503.46%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | -$3,672,000 (0.00%) | -$3,672,000 (15.84%) | -$4,363,207 (-7.54%) | -$4,057,291 (-461.63%) |
Share Based Compensation | $377,000 (-73.86%) | $1,442,000 (-17.09%) | $1,739,337 (-33.79%) | $2,627,031 (611.57%) |
Depreciation Amortization & Accretion | $6,915,000 (-11.69%) | $7,830,000 (14.85%) | $6,817,331 (0.34%) | $6,794,404 (-7.46%) |
SOL Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 26.20% (10.55%) | 23.70% (-5.20%) | 25.00% (-36.55%) | 39.40% (73.57%) |
Profit Margin | -13.60% (-353.33%) | -3.00% (60.53%) | -7.60% (-188.37%) | 8.60% (126.32%) |
EBITDA Margin | -1.70% (-119.10%) | 8.90% (-24.58%) | 11.80% (-52.03%) | 24.60% (9.82%) |
Return on Average Equity (ROAE) | -4.00% (-300.00%) | -1.00% (23.08%) | -1.30% (-176.47%) | 1.70% (-34.62%) |
Return on Average Assets (ROAA) | -2.70% (-285.71%) | -0.70% (22.22%) | -0.90% (-175.00%) | 1.20% (33.33%) |
Return on Sales (ROS) | -9.20% (-713.33%) | 1.50% (114.29%) | 0.70% (-95.65%) | 16.10% (29.84%) |
Return on Invested Capital (ROIC) | -2.00% (-600.00%) | 0.40% (300.00%) | 0.10% (-97.62%) | 4.20% (44.83%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | - | - | - | - |
Price to Sales Ratio (P/S) | 1.13 (-22.34%) | 1.46 (-70.53%) | 4.94 (-5.38%) | 5.22 (-30.20%) |
Price to Book Ratio (P/B) | 0.35 (-26.69%) | 0.47 (-45.81%) | 0.87 (-15.35%) | 1.03 (-73.95%) |
Debt to Equity Ratio (D/E) | 0.36 (3.11%) | 0.35 (16.83%) | 0.3 (51.50%) | 0.2 (-81.90%) |
Earnings Per Share (EPS) | - | - | - | - |
Sales Per Share (SPS) | 1.8 (-4.32%) | 1.88 (105.14%) | 0.92 (-19.88%) | 1.14 (-25.31%) |
Free Cash Flow Per Share (FCFPS) | -0.29 (51.81%) | -0.61 (44.22%) | -1.09 (-661.86%) | 0.19 (187.00%) |
Book Value Per Share (BVPS) | 5.86 (1.44%) | 5.78 (11.43%) | 5.19 (-10.43%) | 5.79 (100.10%) |
Tangible Assets Book Value Per Share (TABVPS) | 8.73 (2.75%) | 8.5 (15.46%) | 7.36 (-2.80%) | 7.57 (8.39%) |
Enterprise Value Over EBIT (EV/EBIT) | -16 (-116.16%) | 99 (-71.30%) | 345 (2056.25%) | 16 (-77.46%) |
Enterprise Value Over EBITDA (EV/EBITDA) | -85.58 (-626.02%) | 16.27 (-17.24%) | 19.66 (88.76%) | 10.41 (-73.44%) |
Asset Turnover | 0.2 (-10.31%) | 0.22 (79.84%) | 0.12 (-13.89%) | 0.14 (-41.22%) |
Current Ratio | 3.87 (-2.72%) | 3.97 (-22.07%) | 5.1 (-45.64%) | 9.38 (505.49%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$15,040,000 (56.07%) | -$34,235,000 (53.11%) | -$73,012,113 (-638.59%) | $13,556,117 (226.18%) |
Enterprise Value (EV) | $132,912,560 (-12.89%) | $152,583,037 (7.35%) | $142,131,650 (-30.32%) | $203,963,431 (-68.46%) |
Earnings Before Tax (EBT) | -$10,456,000 (-1491.48%) | -$657,000 (76.15%) | -$2,754,495 (-136.07%) | $7,636,285 (159.59%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$1,553,000 (-116.56%) | $9,378,000 (29.71%) | $7,229,737 (-63.08%) | $19,584,483 (18.77%) |
Invested Capital | $411,424,000 (-0.14%) | $412,010,000 (-0.19%) | $412,790,000 (39.17%) | $296,614,094 (-8.03%) |
Working Capital | $141,870,000 (-16.28%) | $169,458,000 (-4.49%) | $177,430,000 (-39.67%) | $294,088,518 (507.12%) |
Tangible Asset Value | $447,566,000 (-6.44%) | $478,351,000 (-2.94%) | $492,827,000 (-6.70%) | $528,245,632 (57.25%) |
Market Capitalization | $104,047,560 (-32.29%) | $153,664,037 (-49.23%) | $302,644,650 (-27.21%) | $415,772,431 (-24.35%) |
Average Equity | $310,192,750 (-6.28%) | $330,965,250 (-10.07%) | $368,016,750 (-11.44%) | $415,561,392 (289.76%) |
Average Assets | $459,738,500 (-2.81%) | $473,048,250 (-4.35%) | $494,542,000 (-10.55%) | $552,898,050 (84.15%) |
Invested Capital Average | $422,640,000 (-0.60%) | $425,202,000 (20.85%) | $351,854,500 (16.66%) | $301,615,774 (-3.06%) |
Shares | 512,549,555 (-8.94%) | 562,871,930 (-15.94%) | 669,567,810 (-4.02%) | 697,604,750 (45.09%) |
