Kandi Technologies Group, Inc. financial data

Industry
Motor Vehicles & Passenger Car Bodies
Location
Jinhua New Energy Vehicle Town, Zhejiang Province, Jinhua, China
State of incorporation
DE
Fiscal year end
December 31
Former names
Kandi Technologies Corp (to 12/28/2012), STONE MOUNTAIN RESOURCES INC (to 7/26/2007)
Latest financial report
10-K - Q4 2023 - Mar 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 431 % -9.83%
Quick Ratio 72.4 % +27%
Debt-to-equity 21.3 % +13.6%
Return On Equity -1.11 % +32.4%
Return On Assets -0.92 % +33.8%
Operating Margin -10.6 % +55%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 87.4M shares +17.7%
Common Stock, Shares, Outstanding 87.3M shares +17.8%
Entity Public Float 238M USD +61.9%
Common Stock, Value, Issued 87.5K USD +12.7%
Weighted Average Number of Shares Outstanding, Basic 78.8M shares +4.25%
Weighted Average Number of Shares Outstanding, Diluted 79.9M shares +5.73%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 124M USD +4.91%
Research and Development Expense 4.27M USD -29.3%
Selling and Marketing Expense 13.3M USD +142%
General and Administrative Expense 35.4M USD +9.45%
Operating Income (Loss) -13.1M USD +52.8%
Nonoperating Income (Expense) 16.5M USD +15.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 3.47M USD +74.7%
Income Tax Expense (Benefit) 1.8M USD
Net Income (Loss) Attributable to Parent -4.38M USD +37.1%
Earnings Per Share, Basic 0.02 USD/shares +50%
Earnings Per Share, Diluted 0.02 USD/shares +72.2%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 33.8M USD -59.8%
Accounts Receivable, after Allowance for Credit Loss, Current 19M USD -50.3%
Inventory, Net 61.6M USD +52.1%
Other Assets, Current 322K USD -1.09%
Assets, Current 344M USD +4.32%
Deferred Income Tax Assets, Net 815K USD -43.1%
Property, Plant and Equipment, Net 98.8M USD +1.68%
Intangible Assets, Net (Excluding Goodwill) 6.4M USD -20%
Goodwill 33.1M USD -0.1%
Other Assets, Noncurrent 9.99M USD -6%
Assets 495M USD +2.58%
Accounts Payable, Current 28.7M USD -18.6%
Liabilities, Current 76.7M USD -5.93%
Deferred Income Tax Liabilities, Net 964K USD -30.1%
Other Liabilities, Noncurrent 227K USD -62.3%
Liabilities 88.9M USD +4.29%
Accumulated Other Comprehensive Income (Loss), Net of Tax -37M USD -30.5%
Retained Earnings (Accumulated Deficit) -16.3M USD +0.04%
Stockholders' Equity Attributable to Parent 404M USD +1.8%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 407M USD +2.22%
Liabilities and Equity 495M USD +2.58%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 7.36M USD +19%
Net Cash Provided by (Used in) Financing Activities -1.36M USD -385%
Net Cash Provided by (Used in) Investing Activities -19.6M USD -17.5%
Common Stock, Shares Authorized 100M shares 0%
Common Stock, Shares, Issued 87.5M shares +12.7%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 93.6M USD -38%
Interest Paid, Excluding Capitalized Interest, Operating Activities 100K USD +169%
Deferred Tax Assets, Valuation Allowance 13.4M USD +1.06%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.01 pure
Deferred Tax Assets, Gross 13.3M USD -0.48%
Operating Lease, Liability 694K USD
Depreciation 10.1M USD -0.24%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -6.97M USD +83.2%
Lessee, Operating Lease, Liability, to be Paid 490K USD 0%
Property, Plant and Equipment, Gross 152M USD +7.25%
Lessee, Operating Lease, Liability, to be Paid, Year Two 219K USD +1.17%
Lessee, Operating Lease, Liability, to be Paid, Year One 475K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 227K USD +1.17%
Deferred Tax Assets, Operating Loss Carryforwards 9.41M USD +10.1%
Lessee, Operating Lease, Liability, to be Paid, Year Four 220K USD -2.53%
Operating Lease, Payments 29.8K USD -68.4%
Amortization of Intangible Assets 1.49M USD -24.2%
Depreciation, Depletion and Amortization 3.05M USD -7.39%
Deferred Tax Assets, Net of Valuation Allowance 15.8M USD +3.22%
Interest Expense 789K USD +61%