CBAK Energy Technology, Inc. financial data

Symbol
CBAT on Nasdaq
Industry
Miscellaneous Electrical Machinery, Equipment & Supplies
Location
Bak Industrial Park, Meigui Street, Huayuankou Economic Zone, Dalian, China
State of incorporation
NV
Fiscal year end
December 31
Former names
CHINA BAK BATTERY INC (to 1/13/2017), MEDINA COFFEE INC (to 2/14/2005)
Latest financial report
10-Q - Q2 2024 - Aug 12, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 83.3 %
Quick Ratio 20.9 % -48.2%
Debt-to-equity 138 % +25%
Return On Equity 14.9 %
Return On Assets 6.3 %
Operating Margin 6.9 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 89.9M shares +0.53%
Common Stock, Shares, Outstanding 89.9M shares +1.05%
Entity Public Float 95.2M USD +14.6%
Common Stock, Value, Issued 90.1K USD +1.05%
Weighted Average Number of Shares Outstanding, Basic 89.9M shares +1.01%
Weighted Average Number of Shares Outstanding, Diluted 90.1M shares +1.22%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 226M USD +14.8%
Cost of Revenue 170M USD -7.2%
Research and Development Expense 12.3M USD +17.2%
Selling and Marketing Expense 6.31M USD +192%
General and Administrative Expense 14.9M USD +34.6%
Operating Income (Loss) 15.6M USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 17.2M USD
Income Tax Expense (Benefit) 5.05M USD
Net Income (Loss) Attributable to Parent 17.8M USD
Earnings Per Share, Basic 0.2 USD/shares
Earnings Per Share, Diluted 0.2 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 9.71M USD +181%
Accounts Receivable, after Allowance for Credit Loss, Current 32.7M USD +11.6%
Inventory, Net 31.2M USD -25.3%
Other Assets, Current 8.72M USD -93.3%
Assets, Current 123M USD
Other Long-term Investments 7.1M USD
Deferred Income Tax Assets, Net 3.4M USD +189%
Property, Plant and Equipment, Net 87M USD -1.27%
Operating Lease, Right-of-Use Asset 3.05M USD +182%
Intangible Assets, Net (Excluding Goodwill) 599K USD -41.1%
Goodwill 1.47M USD
Other Assets, Noncurrent 1.23M USD 0%
Assets 280M USD +10.9%
Accounts Payable, Current 71.6M USD +151%
Accrued Liabilities, Current 1.81M USD
Contract with Customer, Liability, Current 784K USD
Liabilities, Current 145M USD +9.67%
Contract with Customer, Liability, Noncurrent 1.09M USD
Operating Lease, Liability, Noncurrent 2.33M USD +331%
Other Liabilities, Noncurrent 536K USD
Liabilities 153M USD +10.9%
Accumulated Other Comprehensive Income (Loss), Net of Tax -14.3M USD -3.82%
Retained Earnings (Accumulated Deficit) -118M USD +13.1%
Stockholders' Equity Attributable to Parent 127M USD +16.5%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 127M USD +10.8%
Liabilities and Equity 280M USD +10.9%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 7.45M USD -21.8%
Net Cash Provided by (Used in) Financing Activities -16.4M USD -614%
Net Cash Provided by (Used in) Investing Activities -12.8M USD -77.9%
Common Stock, Shares Authorized 500M shares 0%
Common Stock, Shares, Issued 90.1M shares +1.05%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -22.6M USD -490%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 20.1M USD -53.9%
Interest Paid, Excluding Capitalized Interest, Operating Activities 160K USD +140%
Deferred Tax Assets, Valuation Allowance 43M USD +16.3%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Operating Lease, Liability 3.32M USD
Depreciation 9.66M USD -3.06%
Payments to Acquire Property, Plant, and Equipment 7.9M USD +9.48%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 17.3M USD
Lessee, Operating Lease, Liability, to be Paid 3.72M USD
Property, Plant and Equipment, Gross 139M USD +9.81%
Operating Lease, Liability, Current 995K USD +171%
Lessee, Operating Lease, Liability, to be Paid, Year Two 598K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 716K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure
Deferred Income Tax Expense (Benefit) -305K USD -15080%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 394K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 469K USD
Deferred Tax Assets, Operating Loss Carryforwards 37.9M USD
Current Income Tax Expense (Benefit) 801K USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 457K USD
Operating Lease, Payments 362K USD +69.5%
Additional Paid in Capital 247M USD +2.1%
Amortization of Intangible Assets 466K USD -2.53%
Deferred Tax Assets, Net of Valuation Allowance 176K USD -94.6%
Share-based Payment Arrangement, Expense 84.2K USD -89.8%
Interest Expense 171K USD -42.3%