SOL: Emeren Group Ltd Financial Statements

Balance sheet, income statement, and cash flow statements for Emeren Group Ltd (SOL).

OverviewDividends

$104.05M Market Cap.

As of 03/25/2025 5:00 PM ET (MRY) • Disclaimer

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%)