FuelCell Energy, Inc. (FCEL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 543.93M | 494.76M | 449.81M | 370.4M | 384.46M | 411.24M | 444.46M | 459.97M | 425.84M | 445.23M | 476.31M | 514.67M | 452.51M | 524.92M | 580.28M | 579.53M | 595.23M | 509.02M | 543.39M | 574.23M |
| Cash & Short-Term Investments | 373.17M | 311.78M | 278.1M | 174.66M | 176.97M | 208.37M | 257.26M | 267.16M | 260.13M | 297.47M | 353.71M | 381.11M | 323.24M | 390.82M | 458.06M | 456.48M | 467.77M | 376.96M | 432.21M | 468.56M |
| Cash Only | 373.17M | 311.78M | 278.1M | 174.66M | 116.06M | 98.07M | 148.13M | 159.35M | 158.79M | 297.47M | 249.95M | 303.68M | 246.84M | 315.17M | 458.06M | 456.48M | 467.77M | 376.96M | 432.21M | 468.56M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 60.91M | 110.3M | 109.12M | 107.82M | 101.34M | 0 | 103.76M | 77.43M | 76.4M | 75.65M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 51.34M | 59.58M | 53.01M | 54.67M | 55.44M | 51.12M | 48.6M | 41.33M | 33.56M | 25.8M | 20.11M | 29.09M | 22.75M | 16.92M | 15.9M | 22.56M | 25.67M | 44.26M | 23.65M | 22.87M |
| Days Sales Outstanding | 138.69 | 169.63 | 90.03 | 108.35 | 126.77 | 241.48 | 83.87 | 145.39 | 119.15 | 126.5 | 100.74 | 93.47 | 46.03 | 40.73 | 45.14 | 51.47 | 189.94 | 98.26 | 153.58 | 73.2 |
| Inventory | 88.45M | 90.28M | 86.2M | 104.6M | 123.54M | 125.75M | 113.7M | 129.35M | 113.92M | 102.86M | 84.46M | 85.56M | 87.29M | 101.18M | 90.91M | 80.61M | 82.88M | 65.39M | 67.07M | 60.41M |
| Days Inventory Outstanding | 163.92 | 223.09 | 142.37 | 202.29 | 236.82 | 455.15 | 185.59 | 374.29 | 330.74 | 303.23 | 326.87 | 235.77 | 188.72 | 277.54 | 145.06 | 159.04 | 278.46 | 175.65 | 262.98 | 213.43 |
| Other Current Assets | 30.58M | 33.13M | 32.51M | 36.47M | 28.52M | 25.99M | 24.9M | 22.13M | 18.23M | 19.11M | 18.04M | 18.91M | 19.23M | 16M | 15.41M | 5.63M | 5.3M | 12.64M | 11.27M | 10.21M |
| Total Non-Current Assets | 460.45M | 483.75M | 482.34M | 460.14M | 499.38M | 496.3M | 499.67M | 488.94M | 490.99M | 477.95M | 479.21M | 430.58M | 406.13M | 367.46M | 359.44M | 364.89M | 350.99M | 345.68M | 331.86M | 305.4M |
| Property, Plant & Equipment | 106.37M | 317.84M | 324.51M | 333.18M | 373.96M | 379.92M | 380.94M | 378.06M | 376.22M | 366.93M | 356.09M | 336.45M | 317.2M | 302.25M | 298.21M | 306.29M | 52.42M | 49M | 270.8M | 43.95M |
| Fixed Asset Turnover | 0.17x | 0.10x | 0.17x | 0.13x | 0.10x | 0.05x | 0.13x | 0.06x | 0.06x | 0.05x | 0.06x | 0.08x | 0.12x | 0.12x | 0.13x | 0.24x | 0.32x | 0.20x | 0.09x | 0.61x |
| Goodwill | 0 | 0 | 0 | 0 | 4.08M | 4.08M | 4.08M | 4.08M | 4.08M | 4.08M | 4.08M | 4.08M | 4.08M | 4.08M | 4.08M | 4.08M | 4.08M | 4.08M | 4.08M | 4.08M |
| Intangible Assets | 3.24M | 3.6M | 3.89M | 4.21M | 14.13M | 14.46M | 14.78M | 15.1M | 15.43M | 15.75M | 16.08M | 16.4M | 16.73M | 17.05M | 17.37M | 17.7M | 18.02M | 18.35M | 18.67M | 18.99M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 350.84M | 162.31M | 153.93M | 122.75M | 107.22M | 97.84M | 99.87M | 91.71M | 95.26M | 91.19M | 102.97M | 73.66M | 68.13M | 44.09M | 39.78M | 36.83M | 276.47M | 274.25M | 38.31M | 238.38M |
| Total Assets | 1B | 978.48M | 932.15M | 830.53M | 883.84M | 907.53M | 944.12M | 948.91M | 916.83M | 923.18M | 955.52M | 945.25M | 858.64M | 892.38M | 939.72M | 944.42M | 946.22M | 854.69M | 875.25M | 879.63M |
| Asset Turnover | 0.04x | 0.03x | 0.06x | 0.05x | 0.04x | 0.02x | 0.05x | 0.03x | 0.02x | 0.02x | 0.02x | 0.03x | 0.04x | 0.04x | 0.04x | 0.05x | 0.02x | 0.04x | 0.02x | 0.04x |
| Asset Growth % | 13.64% | 7.82% | -1.27% | -12.47% | -3.6% | -1.69% | -1.19% | 0.39% | 6.78% | 3.45% | 1.68% | 0.09% | -9.26% | 4.41% | 7.37% | 7.37% | 76.67% | 54.72% | 67.18% | 101.4% |
| Total Current Liabilities | 63.3M | 62.13M | 67.84M | 69.03M | 68.35M | 64.87M | 73.9M | 66.54M | 65M | 53.89M | 65.9M | 58.99M | 62.66M | 66.08M | 85.8M | 80.51M | 80.3M | 75.26M | 52.77M | 42.98M |
| Accounts Payable | 16.46M | 14.55M | 17.01M | 16.4M | 22.55M | 18.45M | 22.59M | 16.93M | 21.61M | 17.05M | 26.52M | 22.4M | 21.07M | 24.59M | 28.2M | 26.98M | 19.52M | 22.3M | 19.27M | 10.89M |
| Days Payables Outstanding | 28.44 | 39.89 | 24.93 | 34.54 | 38.95 | 77.99 | 30.17 | 59.3 | 59 | 70.54 | 94.06 | 59.3 | 45.72 | 76.27 | 46.66 | 45.24 | 78.55 | 55.12 | 62.21 | 47.89 |
| Short-Term Debt | 17.35M | 17.8M | 15.85M | 16.71M | 17.14M | 16.89M | 15.92M | 12.23M | 11.73M | 10.2M | 10.07M | 9.76M | 13.29M | 13.25M | 13.2M | 9.81M | 9.92M | 9.72M | 10.09M | 9.15M |
| Deferred Revenue (Current) | 4.36M | 3.95M | 2.73M | 5.25M | 2.92M | 5.19M | 4.23M | 10.65M | 6.76M | 3.62M | 2.41M | 3.11M | 4.78M | 7.37M | 16.34M | 20.39M | 25.9M | 16.24M | 6.29M | 8.45M |
| Other Current Liabilities | 0 | 1.36M | 2.22M | 3.38M | 1.43M | 2.31M | 2.23M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 8.59x | 7.96x | 6.63x | 5.37x | 5.62x | 6.34x | 6.01x | 6.91x | 6.55x | 8.26x | 7.23x | 8.72x | 7.22x | 7.94x | 6.76x | 7.20x | 7.41x | 6.76x | 10.30x | 13.36x |
| Quick Ratio | 7.20x | 6.51x | 5.36x | 3.85x | 3.82x | 4.40x | 4.48x | 4.97x | 4.80x | 6.35x | 5.95x | 7.27x | 5.83x | 6.41x | 5.70x | 6.20x | 6.38x | 5.89x | 9.03x | 11.95x |
| Cash Conversion Cycle | 274.17 | 352.82 | 207.47 | 276.11 | 324.64 | 618.64 | 239.29 | 460.39 | 390.89 | 359.2 | 333.56 | 269.94 | 189.03 | 242.01 | 143.53 | 165.28 | 389.84 | 218.78 | 354.35 | 238.74 |
| Total Non-Current Liabilities | 151.71M | 152.34M | 133.17M | 136.43M | 136.69M | 137.56M | 142.75M | 137.41M | 139.87M | 127.27M | 129.31M | 118.41M | 89.89M | 91.08M | 99.53M | 104.24M | 105.51M | 107.39M | 117.15M | 110.56M |
| Long-Term Debt | 129.55M | 131.93M | 115.23M | 119.32M | 124.14M | 125.8M | 130.85M | 126.72M | 130.03M | 117.67M | 119.59M | 109.13M | 80.5M | 81.58M | 82.86M | 82.28M | 79.52M | 81.29M | 78.63M | 73.58M |
| Capital Lease Obligations | 11.8M | 11.86M | 11.95M | 11.71M | 8.35M | 8.69M | 8.89M | 8.71M | 8.86M | 8.91M | 8.99M | 9.28M | 9.39M | 9.5M | 7.58M | 7.62M | 7.71M | 7.82M | 8.09M | 8.01M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 274.87M | 214.48M | 201M | 205.46M | 205.05M | 202.44M | 216.66M | 203.95M | 204.87M | 181.15M | 195.22M | 177.4M | 152.56M | 157.15M | 185.33M | 184.75M | 185.81M | 182.65M | 169.92M | 153.54M |
| Total Debt | 159.7M | 162.56M | 143.96M | 148.54M | 150.42M | 152.17M | 156.47M | 148.42M | 151.37M | 137.47M | 139.25M | 128.84M | 103.83M | 104.88M | 104.29M | 100.51M | 98.1M | 99.85M | 97.84M | 91.7M |
| Net Debt | -213.46M | -149.22M | -134.14M | -26.12M | 34.36M | 54.1M | 8.34M | -10.93M | -7.42M | -159.99M | -110.71M | -174.84M | -143.01M | -210.28M | -353.77M | -355.97M | -369.68M | -277.12M | -334.37M | -376.87M |
| Debt / Equity | 0.22x | 0.21x | 0.20x | 0.24x | 0.22x | 0.22x | 0.22x | 0.20x | 0.21x | 0.19x | 0.18x | 0.17x | 0.15x | 0.14x | 0.14x | 0.13x | 0.13x | 0.15x | 0.14x | 0.13x |
| Debt / EBITDA | - | - | 2.74x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | -2.55x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -27.17x | -8.45x | -9.96x | -35.05x | -13.78x | -11.42x | -14.69x | -12.75x | -15.55x | -17.99x | -11.69x | -11.34x | -21.58x | -12.56x | -24.46x | -16.56x | -16.65x | -31.30x | -13.20x | -6.72x |
| Total Equity | 728.51M | 764M | 731.14M | 625.08M | 678.8M | 705.1M | 727.47M | 744.96M | 711.96M | 742.03M | 760.3M | 767.85M | 706.08M | 735.23M | 754.38M | 759.67M | 760.4M | 672.04M | 705.33M | 726.09M |
| Equity Growth % | 7.32% | 8.35% | 0.51% | -16.09% | -4.66% | -4.98% | -4.32% | -2.98% | 0.83% | 0.92% | 0.78% | 1.08% | -7.14% | 9.4% | 6.96% | 4.62% | 106.12% | 73.49% | 177.24% | 364.9% |
| Book Value per Share | 13.44 | 15.85 | 20.22 | 25.57 | 31.22 | 34.39 | 2.78 | 1.48 | 1.57 | 1.64 | 1.69 | 1.85 | 1.74 | 1.81 | 1.86 | 1.96 | 2.04 | 1.83 | 1.92 | 2.15 |
| Total Shareholders' Equity | 719.43M | 754.72M | 722.04M | 616.03M | 669.03M | 695.07M | 716.78M | 735.62M | 699.66M | 723.79M | 742.35M | 759.51M | 698.27M | 727.66M | 744.25M | 749.87M | 750.95M | 662.09M | 702.29M | 726.09M |
| Common Stock | 6K | 5K | 5K | 3K | 2K | 2K | 2K | 55K | 46K | 45K | 2K | 44K | 41K | 41K | 41K | 39K | 39K | 37K | 37K | 37K |
| Retained Earnings | -1.93B | -1.85B | -1.83B | -1.8B | -1.71B | -1.67B | -1.64B | -1.6B | -1.57B | -1.54B | -1.52B | -1.49B | -1.46B | -1.43B | -1.41B | -1.37B | -1.34B | -1.31B | -1.27B | -1.24B |
| Treasury Stock | -1.5M | -1.45M | -1.41M | -1.36M | -1.31M | -1.27M | -1.2M | -1.2M | -1.16M | -1.13M | -1.08M | -1.03M | -923K | -923K | -855K | -786K | -718K | -650K | -586K | -544K |
| Accumulated OCI | -1.81M | -1.77M | -1.7M | -1.88M | -1.51M | -1.79M | -1.56M | -1.58M | -1.72M | -1.64M | -1.67M | -1.62M | -1.46M | -1.3M | -1.75M | -1.15M | -1.06M | -910K | -819K | -747K |
| Minority Interest | 9.08M | 9.28M | 9.11M | 9.05M | 9.76M | 10.03M | 10.69M | 9.35M | 12.29M | 18.23M | 17.95M | 8.34M | 7.81M | 7.57M | 10.13M | 9.8M | 9.45M | 9.95M | 3.03M | 0 |