Maxeon Solar Technologies, Ltd. (MAXN) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q2'21 | Q1'21 | Q4'20 | Q3'20 |
|---|
| Total Current Assets | 145.06M | 145.06M | 266.02M | 262.12M | 389.1M | 461.24M | 619.02M | 839.36M | 954.23M | 780.96M | 791.05M | 768.99M | 606.91M | 604M | 533.12M | 562.26M | 631.27M | 484.31M | 547.2M | 639.14M |
| Cash & Short-Term Investments | 17.23M | 17.23M | 28.89M | 51.22M | 81.38M | 98.36M | 190.17M | 268.1M | 435.46M | 278.85M | 303.44M | 275.08M | 138.35M | 176.68M | 166.54M | 174.94M | 266.88M | 131.42M | 206.74M | 309.92M |
| Cash Only | 17.23M | 17.23M | 28.89M | 51.22M | 81.38M | 98.36M | 190.17M | 208.1M | 375.46M | 278.85M | 227.44M | 199.09M | 138.35M | 176.68M | 166.54M | 174.94M | 266.88M | 131.42M | 206.74M | 309.92M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60M | 60M | 0 | 76M | 76M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 8.77M | 8.77M | 12.56M | 18.63M | 32.03M | 38.92M | 92.21M | 91.33M | 106.28M | 119.98M | 114.46M | 109.91M | 57.66M | 52.11M | 80.27M | 59.37M | 47.75M | 60.48M | 102.12M | 73.63M |
| Days Sales Outstanding | 40.89 | 49.18 | 29.39 | 26.31 | 17.53 | 31.83 | 36.91 | 39.93 | 28.9 | 33.51 | 31.56 | 28.59 | 20.98 | 26.7 | 29 | 22.35 | 28 | 44.23 | 32.92 | 41.47 |
| Inventory | 34.1M | 34.1M | 40.22M | 149.46M | 230.91M | 271.69M | 308.95M | 386.14M | 349.34M | 316.44M | 303.23M | 300.85M | 282.44M | 262.77M | 263.87M | 220.42M | 211.65M | 199.08M | 169.24M | 179.13M |
| Days Inventory Outstanding | 114.2 | 123.08 | 90.44 | 65.37 | 119.1 | 130.58 | 121.47 | 150.43 | 101.41 | 106.51 | 95.35 | 94.14 | 89.43 | 100.4 | 96.01 | 83.79 | 104.58 | 100.84 | 67.26 | 76.94 |
| Other Current Assets | 84.96M | 60.59M | 176.47M | 42.81M | 44.77M | 52.26M | 9.64M | 92.38M | 28.51M | 30.58M | 43.55M | 52.99M | 113.01M | 47.37M | 6.27M | 55.65M | 56.67M | 49.22M | 25.41M | 31.95M |
| Total Non-Current Assets | 41.25M | 41.25M | 110.26M | 179.25M | 375.06M | 380.91M | 382.99M | 461.39M | 500.09M | 486.58M | 469.37M | 487.52M | 474.15M | 495.8M | 523.42M | 510.02M | 438M | 443.36M | 433.15M | 461.31M |
| Property, Plant & Equipment | 33.04M | 33.04M | 100.81M | 156.28M | 315.93M | 300.17M | 302.85M | 382.81M | 387.17M | 391.63M | 398.31M | 403.82M | 412.75M | 410.71M | 402.03M | 354.96M | 295.15M | 277.15M | 260.39M | 255.5M |
| Fixed Asset Turnover | 0.59x | 0.29x | 0.38x | 0.38x | 0.60x | 0.62x | 0.67x | 0.59x | 0.89x | 0.81x | 0.81x | 0.67x | 0.58x | 0.55x | 0.59x | 0.68x | 0.61x | 0.62x | 0.95x | 0.77x |
| Goodwill | 0 | 0 | 0 | 0 | 7.88M | 0 | 7.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 441K | 441K | 523K | 587K | 2.92M | 3.13M | 8.08M | 276K | 313K | 340K | 5.22M | 247K | 289K | 331K | 420K | 342K | 326K | 391K | 456K | 529K |
| Long-Term Investments | 0 | 0 | 4M | 0 | 0 | 0 | 4M | 0 | 6.4M | 6.41M | 7.06M | 5.21M | 0 | 0 | 15.23M | 24.02M | 526K | 527K | 29.71M | 0 |
| Other Non-Current Assets | 7.77M | 7.77M | 4.92M | 22.38M | 48.34M | 77.6M | 60.18M | 68.06M | 95.98M | 78.17M | 48.43M | 69.46M | 56.15M | 79.66M | 100.56M | 154.72M | 142.52M | 165.82M | 132.97M | 205.28M |
| Total Assets | 186.31M | 186.31M | 376.27M | 441.36M | 764.16M | 842.15M | 1B | 1.3B | 1.45B | 1.27B | 1.26B | 1.26B | 1.08B | 1.1B | 1.06B | 1.07B | 1.07B | 927.67M | 980.34M | 1.1B |
| Asset Turnover | 0.10x | 0.07x | 0.12x | 0.15x | 0.23x | 0.20x | 0.20x | 0.17x | 0.26x | 0.25x | 0.26x | 0.24x | 0.22x | 0.21x | 0.21x | 0.21x | 0.18x | 0.17x | 0.24x | 0.22x |
| Asset Growth % | -75.62% | -77.88% | -62.45% | -66.07% | -47.46% | -33.56% | -20.5% | 3.52% | 34.53% | 15.25% | 19.3% | 17.18% | 1.1% | 18.56% | 7.77% | -2.56% | 34.41% | 3.8% | -1% | - |
| Total Current Liabilities | 172.33M | 172.33M | 338.51M | 237.08M | 285.68M | 339.34M | 431.94M | 516.55M | 538.32M | 602.06M | 576.23M | 569.09M | 544.73M | 452.98M | 421.04M | 385.93M | 314.95M | 300.95M | 308.13M | 390.08M |
| Accounts Payable | 47.48M | 47.48M | 62.54M | 116.16M | 145.11M | 154.33M | 153.02M | 180.93M | 211.91M | 214.35M | 247.87M | 293.28M | 267.6M | 259.99M | 270.48M | 254.61M | 169.65M | 167.32M | 159.18M | 203.29M |
| Days Payables Outstanding | 159 | 182.2 | 85.21 | 44.9 | 70.96 | 69.12 | 58.36 | 80.35 | 64.93 | 79.45 | 85.42 | 90.53 | 86.54 | 101.13 | 104.1 | 82.28 | 85.79 | 89.39 | 69.98 | 89.44 |
| Short-Term Debt | 482K | 482K | 462K | 2.99M | 2.11M | 25.44M | 25.43M | 23.43M | 35.51M | 50.44M | 50.53M | 50.67M | 49.81M | 48.01M | 25.36M | 20.75M | 25.64M | 35.59M | 47.78M | 38.85M |
| Deferred Revenue (Current) | 74.5M | 0 | 74.31M | 31.84M | 11.13M | 66.72M | 134.17M | 204.49M | 177.92M | 220.08M | 139.27M | 132.75M | 118.64M | 50.78M | 44.06M | 31.32M | 40.76M | 29.83M | 20.76M | 24.36M |
| Other Current Liabilities | 0 | 74.5M | 122.82M | 0 | 0 | 0 | 75.52M | 0 | 47.29M | 49.9M | 47.27M | 39.09M | 0 | 0 | 59.91M | 0 | 0 | 0 | 65.13M | 0 |
| Current Ratio | 0.84x | 0.84x | 0.79x | 1.11x | 1.36x | 1.36x | 1.43x | 1.62x | 1.77x | 1.30x | 1.37x | 1.35x | 1.11x | 1.33x | 1.27x | 1.46x | 2.00x | 1.61x | 1.78x | 1.64x |
| Quick Ratio | 0.64x | 0.64x | 0.67x | 0.48x | 0.55x | 0.56x | 0.72x | 0.88x | 1.12x | 0.77x | 0.85x | 0.82x | 0.60x | 0.75x | 0.64x | 0.89x | 1.33x | 0.95x | 1.23x | 1.18x |
| Cash Conversion Cycle | -3.9 | -9.94 | 34.62 | 46.78 | 65.67 | 93.29 | 100.01 | 110.01 | 65.38 | 60.57 | 41.49 | 32.21 | 23.87 | 25.98 | 20.91 | 23.86 | 46.78 | 55.68 | 30.2 | 28.96 |
| Total Non-Current Liabilities | 335.62M | 335.62M | 326.13M | 410.02M | 500.29M | 570.32M | 565.43M | 608.64M | 642.9M | 591.32M | 636.12M | 556.95M | 367.83M | 392.62M | 280.63M | 258.48M | 262.18M | 227.21M | 232.92M | 225.24M |
| Long-Term Debt | 287.72M | 287.72M | 274.5M | 287.83M | 364.15M | 388.44M | 386.76M | 385.1M | 383.46M | 381.86M | 380.26M | 378.68M | 191.41M | 188.77M | 145.99M | 143.34M | 140.8M | 138.36M | 135.07M | 132.49M |
| Capital Lease Obligations | 23.98M | 23.98M | 27.43M | 20.26M | 24.12M | 25.06M | 19.61M | 20.65M | 21.84M | 19.83M | 15.6M | 15.08M | 12.92M | 13.81M | 13.46M | 13.78M | 10.02M | 11.52M | 13.03M | 8.02M |
| Deferred Tax Liabilities | 5.31M | 0 | 5.31M | 6.99M | 6.99M | 7M | 7M | 14.33M | 14.33M | 14.79M | 14.91M | 7.29M | 1.5M | 1.15M | 1.15M | 0 | 0 | 0 | 18.06M | 0 |
| Other Non-Current Liabilities | 16.11M | 23.92M | 15.55M | 46.9M | 31.47M | 36.26M | 38.49M | 63.2M | 67.03M | 66.6M | 63.66M | 56.98M | 60.64M | 57.82M | 61.04M | 66.25M | 74.94M | 72.51M | 33.69M | 53.73M |
| Total Liabilities | 507.96M | 507.96M | 664.64M | 647.1M | 785.97M | 909.66M | 997.37M | 1.13B | 1.18B | 1.19B | 1.21B | 1.13B | 912.55M | 845.6M | 701.67M | 644.41M | 577.13M | 528.16M | 541.06M | 615.32M |
| Total Debt | 319.48M | 319.48M | 311.49M | 318.5M | 397.3M | 445.51M | 437.66M | 435.13M | 446.15M | 456.96M | 449.8M | 447.72M | 256.95M | 253.34M | 187.27M | 180.5M | 178.54M | 187.75M | 198.98M | 181.49M |
| Net Debt | 302.26M | 302.26M | 282.6M | 267.28M | 315.92M | 347.15M | 247.49M | 227.03M | 70.69M | 178.11M | 222.36M | 248.63M | 118.6M | 76.66M | 20.73M | 5.56M | -88.33M | 56.33M | -7.76M | -128.43M |
| Debt / Equity | - | - | - | - | - | - | 94.28x | 2.48x | 1.63x | 6.16x | 9.36x | 3.43x | 1.52x | 1.00x | 0.53x | 0.42x | 0.36x | 0.47x | 0.45x | 0.37x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | 19.41x | 17.47x | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | 3.08x | 6.81x | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -3.65x | -3.65x | -11.27x | -29.80x | 2.35x | -7.27x | -223.68x | -9.37x | 1.36x | 1.07x | -0.28x | -3.36x | -13.55x | -10.56x | -8.70x | -9.01x | -9.61x | -3.51x | 2.33x | -4.41x |
| Total Equity | -321.65M | -321.65M | -288.37M | -205.73M | -21.81M | -67.52M | 4.64M | 175.56M | 273.09M | 74.15M | 48.07M | 130.48M | 168.51M | 254.21M | 354.88M | 427.86M | 492.13M | 399.51M | 439.29M | 485.14M |
| Equity Growth % | -1374.76% | -376.4% | -6312.09% | -217.19% | -107.99% | -191.06% | -90.34% | 34.55% | 62.06% | -70.83% | -86.45% | -69.5% | -65.76% | -36.37% | -19.22% | -11.81% | 59.62% | 6.82% | 19.53% | - |
| Book Value per Share | -19.13 | -19.13 | -8.57 | -6.11 | -0.65 | -1.34 | 0.09 | 3.59 | 6.05 | 1.40 | 1.17 | 3.19 | 4.12 | 6.25 | 8.77 | 10.59 | 12.74 | 11.71 | 17.93 | 19.59 |
| Total Shareholders' Equity | -327.46M | -327.46M | -293.84M | -211.06M | -26.93M | -73.21M | -1.11M | 169.85M | 267.26M | 68.37M | 42.44M | 124.84M | 163.09M | 248.94M | 349.46M | 422.18M | 485.8M | 392.77M | 432.64M | 478.51M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -1.47B | -1.47B | -1.41B | -1.3B | -864.58M | -876.24M | -796.09M | -609.76M | -501.5M | -499.99M | -520.26M | -444.56M | -399.87M | -311.95M | -262.96M | -189.63M | -124.27M | -47.26M | -8.44M | -11.9M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -647K | -647K | -20.49M | -13.71M | -15.51M | -15.36M | -16.38M | -15.61M | -20.55M | -20.48M | -22.11M | -12M | -13.4M | -12.65M | -11.84M | -10.76M | -10.94M | -10.47M | -10.39M | -16.06M |
| Minority Interest | 5.81M | 5.81M | 5.48M | 5.33M | 5.12M | 5.7M | 5.75M | 5.71M | 5.83M | 5.78M | 5.63M | 5.64M | 5.42M | 5.27M | 5.42M | 5.68M | 6.33M | 6.74M | 6.64M | 6.63M |