ESS Tech Inc
ESS Tech, Inc., an energy storage company, designs and produces iron flow batteries for commercial and utility-scale energy storage applications worldwide. It offers energy storage products, which include Energy Warehouse, a behind-the-meter solution; Energy Center, which is designed to allow customers to connect multiple units in various configurations and supporting energy storage projects rang… Read more
ESS Tech Inc (GWH) - Total Assets
Latest total assets as of December 2025: $51.17 Million USD
Based on the latest financial reports, ESS Tech Inc (GWH) holds total assets worth $51.17 Million USD as of December 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
ESS Tech Inc - Total Assets Trend (2019–2025)
This chart illustrates how ESS Tech Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
ESS Tech Inc - Asset Composition Analysis
Current Asset Composition (December 2025)
ESS Tech Inc's total assets of $51.17 Million consist of 51.3% current assets and 48.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 28.3% |
| Accounts Receivable | $1.45 Million | 2.8% |
| Inventory | $140.00K | 0.3% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $2.68 Million | 5.2% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2025)
This chart illustrates how ESS Tech Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: ESS Tech Inc's current assets represent 51.3% of total assets in 2025, a decrease from 89.6% in 2019.
- Cash Position: Cash and equivalents constituted 28.3% of total assets in 2025, down from 86.5% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 5.0% of total assets, an increase from 0.0% in 2019.
- Asset Diversification: The largest asset category is intangible assets at 5.2% of total assets.
ESS Tech Inc Competitors by Total Assets
Key competitors of ESS Tech Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
YM Tech Co. Ltd.
KQ:273640
|
Korea | ₩61.47 Billion |
|
T-Conn Precision Corporation
TWO:6833
|
Taiwan | NT$1.20 Billion |
|
Supercomnet Technologies Bhd
KLSE:0001
|
Malaysia | RM454.76 Million |
|
XJ Electric Co Ltd
SHE:000400
|
China | CN¥26.30 Billion |
|
Guangdong Macro Co Ltd
SHE:000533
|
China | CN¥2.88 Billion |
|
Shandong Sacred Sun Power Sources Co Ltd
SHE:002580
|
China | CN¥4.04 Billion |
|
Shandong Xinneng Taishan Power Generation Co Ltd
SHE:000720
|
China | CN¥5.21 Billion |
|
Huagong Tech Co Ltd
SHE:000988
|
China | CN¥21.08 Billion |
ESS Tech Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - ESS Tech Inc generates 0.03x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - ESS Tech Inc is currently not profitable relative to its asset base.
ESS Tech Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.04 | 1.57 | 1.23 |
| Quick Ratio | 1.03 | 1.37 | 1.24 |
| Cash Ratio | 0.00 | 0.48 | 0.00 |
| Working Capital | $955.00K | $ 15.76 Million | $ 2.30 Million |
ESS Tech Inc - Advanced Valuation Insights
This section examines the relationship between ESS Tech Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 15.26 |
| Latest Market Cap to Assets Ratio | 0.58 |
| Asset Growth Rate (YoY) | -28.7% |
| Total Assets | $51.17 Million |
| Market Capitalization | $29.58 Million USD |
Valuation Analysis
Below Book Valuation: The market values ESS Tech Inc's assets below their book value (0.58 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: ESS Tech Inc's assets decreased by 28.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for ESS Tech Inc (2019–2025)
The table below shows the annual total assets of ESS Tech Inc from 2019 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $51.17 Million | -28.74% |
| 2024-12-31 | $71.81 Million | -49.86% |
| 2023-12-31 | $143.23 Million | -17.47% |
| 2022-12-31 | $173.55 Million | -30.63% |
| 2021-12-31 | $250.20 Million | +2672.90% |
| 2020-12-31 | $9.02 Million | -57.32% |
| 2019-12-31 | $21.14 Million | -- |