FTC Solar
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has FTC Solar's balance sheet done over the years? Its assets were worth $123,070,000 last year, which is less than in the previous period. 49% of FTC Solar’s total assets is currently financed by debt. Its liabilities reached the amount of $60,599,000, which means an decrease by -11% compared compared to last year.
Debt to Assets
| 2019 | 33830000 | 42.27M | 124.96% |
|---|---|---|---|
| 2020 | 71393000 | 63.94M | 89.56% |
| 2021 | 243020000 | 100.15M | 41.21% |
| 2022 | 134398000 | 67.94M | 50.56% |
| 2023 | 123070000 | 60.59M | 49.24% |
FTCI Balance Sheet (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Assets | |||||
Current assets: | |||||
Cash and cash equivalents | 25.23M | 44.38M | 102.18M | 32.35M | 7.22M |
Short term investments | 0 | 0 | 0 | 0 | 0 |
Net receivables | 65.27M | 49.05M | 107.54M | 23.73M | 14.04M |
Inventory | 3.90M | 14.94M | 8.86M | 1.68M | 4.50M |
Other current assets | 14.08M | 10.30M | 1.05M | 684K | 1.88M |
Total current assets | 108.50M | 118.69M | 235.77M | 65.71M | 30.63M |
Non-current assets: | |||||
Property, Plant and Equipment | 3.64M | 2.85M | 3.31M | 571K | 43K |
Goodwill | 7.35M | 7.53M | 0 | 0 | 0 |
Intangible assets | 542K | 1.11M | 0 | 0 | 33K |
Long term investments | 240K | 0 | 0 | 1.85M | 2.58M |
Other non-current assets | 2.78M | 4.20M | 3.92M | 3.24M | 579K |
Total non-current assets | 14.56M | 15.70M | 7.24M | 5.67M | 3.19M |
Total assets | 123.07M | 134.39M | 243.02M | 71.39M | 33.83M |
Liabilities | |||||
| Current liabilities: | |||||
Accounts payable | |||||
Deferred revenue | 3.61M | 11.31M | 1.42M | 22.98M | 19.87M |
Short term debt | 740K | 417K | 452K | 1M | 5.62M |
Total current liabilities | 54.66M | 60.34M | 93.24M | 59.80M | 33.72M |
| Non-current liabilities: | |||||
Long term debt | 2.24M | 786K | 1.34M | 784K | 7.83M |
Deferred tax | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 3.68M | 6.82M | 5.56M | 3.34M | 715K |
Total non-current liabilities | 5.93M | 7.60M | 6.90M | 4.13M | 8.55M |
Total liabilities | 60.59M | 67.94M | 100.15M | 63.94M | 42.27M |
| Data source | Data source | Data source |