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iSun Balance Sheet 2023-2011 | ISUN
Brief overview of iSun's balance sheet structure
The review uses the five latest available annual reports between 2019 and 2023.
Assets reached $66.7 million, compared with $15.7 million at the beginning. Growth of +325.6% and CAGR near 43.6% show active expansion.
Liabilities expanded faster than the asset base, +353.9% versus +325.6%. Debt-service capacity deserves attention.
The equity ratio equals 19.7%, with a starting level of 24.7%. Stable cash flow is important under this structure.
Net debt to equity stands at 0.48x; the current burden does not look excessive.
Cash equals 5.2% of the balance sheet, compared with 0.6% five periods ago. This is the readily available cushion.
Retained earnings remain negative at -$74.2 million. This may reflect past losses or substantial shareholder distributions, so earnings and buybacks provide important context.
Overall picture
iSun's financial structure calls for caution. Stronger equity, lower debt or restored liquidity would be needed to improve it.
Annual Balance Sheet iSun
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
6.32 M | 3.36 M | 9.6 M | 1.31 M | 2.3 M | 2.31 M | - | - | - | - | - | - | - |
Long Term Debt |
7.96 M | 8.23 M | 5.15 M | 1.7 M | 1.97 M | 2.21 M | - | - | - | - | - | - | - |
Long Term Debt Current |
1.82 M | 588 K | 6.69 M | 308 K | 426 K | 411 K | - | - | - | - | - | - | - |
Total Current Liabilities |
35.4 M | 30.2 M | 34.4 M | 8.24 M | 8.5 M | 3.37 M | 2.15 M | 245 K | - | - | - | - | - |
Total Liabilities |
53.6 M | 48.2 M | 43.9 M | 11.7 M | 11.8 M | 5.7 M | 2.93 M | 1.81 M | 448 K | - | - | - | - |
Deferred Revenue |
7.02 M | 5.42 M | 2.39 M | 1.14 M | 126 K | 181 K | - | - | - | - | - | - | - |
Retained Earnings |
-74.2 M | -54.8 M | -1.01 M | 5.3 M | 6.56 M | 4.52 M | -1.23 M | -643 K | -209 K | - | - | - | - |
Total Assets |
66.7 M | 67.5 M | 104 M | 19.6 M | 15.7 M | 10.8 M | 41.1 M | 40.5 M | 263 K | - | - | - | - |
Cash and Cash Equivalents |
3.46 M | 5.46 M | 2.24 M | 699 K | 95.9 K | 313 K | 25.4 K | 1.44 K | 36.3 K | - | - | - | - |
Book Value |
13.1 M | 19.3 M | 59.9 M | 7.88 M | 3.87 M | 5.07 M | 38.1 M | 38.7 M | -184 K | - | - | - | - |
Total Shareholders Equity |
13.1 M | 19.3 M | 59.9 M | 7.88 M | 3.87 M | 5.07 M | 4.51 M | 5 M | -184 K | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet iSun
| 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
883 K | 5.51 M | 6.75 M | 8.23 M | 2.1 M | 2.16 M | 2.13 M | 5.15 M | 11.6 M | 1.52 M | 1.63 M | 1.7 M | 3.2 M | 3.3 M | 1.88 M | 1.97 M | 2.08 M | 1.8 M | 1.97 M | 2.21 M | 2.21 M | 2.21 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.7 M | 3.41 M | - | 2.33 M | - | 2.33 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
50.8 M | 49.2 M | 49.8 M | 48.2 M | 33.6 M | 30.3 M | 30.8 M | 43.9 M | 19.4 M | 9.06 M | 13.4 M | 11.7 M | 15.7 M | 11.9 M | 11.9 M | 11.8 M | 22.8 M | 22.8 M | 11.7 M | 5.7 M | 3.71 M | 3.7 M | 3.52 M | 2.93 M | 2.45 M | 2.11 M | 2.06 M | 1.81 M | 1.72 M | 1.67 M | 1.53 M | 448 K | 448 K | 448 K | 448 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
6.44 M | 8.02 M | 7.35 M | 5.42 M | 6.14 M | 3.46 M | 3.22 M | 2.39 M | 1.65 M | 574 K | 1.56 M | 1.14 M | 3.3 M | 211 K | 287 K | 126 K | 826 K | 721 K | 126 K | 181 K | 181 K | 181 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-62.5 M | -60.3 M | -57.8 M | -54.8 M | -14.5 M | -9.59 M | -3.91 M | -1.01 M | 141 K | 797 K | 2.12 M | 5.3 M | 1.65 M | 2.34 M | 3.17 M | 6.56 M | 3.33 M | 3.26 M | -1.46 M | 4.52 M | -1.53 M | -1.72 M | -1.51 M | -1.23 M | -967 K | -857 K | -778 K | -643 K | -500 K | -448 K | -353 K | -209 K | -209 K | -209 K | -209 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
73.8 M | 69.7 M | 68.3 M | 67.5 M | 97.1 M | 96 M | 99.4 M | 104 M | 56.6 M | 46.7 M | 48.6 M | 19.6 M | 22.8 M | 19.7 M | 15.5 M | 15.7 M | 18.1 M | 13.5 M | 6.29 M | 10.8 M | 8.07 M | 8.9 M | 22.1 M | 41.1 M | 40.8 M | 40.6 M | 40.6 M | 40.5 M | 40.5 M | 40.5 M | 40.5 M | 263 K | 263 K | 263 K | 263 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
5.6 M | 6.1 M | 7.2 M | 5.46 M | 3.81 M | 1.3 M | 1.34 M | 2.24 M | 27.5 M | 20.2 M | 20.2 M | 699 K | 118 K | 93.2 K | 56.5 K | 95.9 K | 28.7 K | 26 K | 81.7 K | 313 K | 72 K | 14.6 K | 23.6 K | 25.4 K | 23.8 K | 17.8 K | 53.5 K | 1.44 K | 20.3 K | 47.3 K | 29.4 K | 36.3 K | 36.3 K | 36.3 K | 24.1 K | 10.8 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
23 M | 20.6 M | 18.6 M | 19.3 M | 63.6 M | 65.6 M | 68.6 M | 59.9 M | 37.2 M | 37.6 M | 35.2 M | 7.88 M | 7.16 M | 7.85 M | 3.58 M | 3.87 M | -4.7 M | -9.26 M | -5.37 M | 5.07 M | 4.36 M | 5.2 M | 18.6 M | 38.1 M | 38.4 M | 38.5 M | 38.5 M | 38.7 M | 38.8 M | 38.8 M | 38.9 M | -184 K | -184 K | -184 K | -184 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
23 M | 20.6 M | 18.6 M | 19.3 M | 63.6 M | 65.6 M | 68.6 M | 59.9 M | 37.2 M | 37.6 M | 35.2 M | 7.88 M | 7.16 M | 7.85 M | 3.58 M | 3.87 M | 3.76 M | 3.68 M | 2.45 M | 5.07 M | 4.36 M | 5 M | 5 M | 4.51 M | 5 M | 5 M | 5 M | 5 M | 5 M | 5 M | 5 M | -184 K | -184 K | -184 K | -184 K | -53.8 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of iSun, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.