ESS Tech Inc (GWH) - Total Assets
Based on the latest financial reports, ESS Tech Inc (GWH) holds total assets worth $48.57 Million USD as of March 2026. 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. Also see ESS Tech Inc stock valuation for the company's overall valuation and market capitalisation.
ESS Tech Inc - Asset Composition Analysis
Current Asset Composition (December 2025)
ESS Tech Inc's total assets of $48.57 Million consist of 51.3% current assets and 48.7% non-current assets. Review debt load of ESS Tech Inc to assess the company's total debt and financial obligations.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $14.48 Million | 28.3% |
| Accounts Receivable | $1.45 Million | 2.8% |
| Inventory | $140.00K | 0.3% |
| Property, Plant & Equipment | $20.99 Million | 41.0% |
| 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. See GWH stock price for real-time trading data and today's change.
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 property, plant & equipment at 41.0% 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 |
|---|---|---|
|
Legend Power Systems Inc
V:LPS
|
Canada | CA$2.11 Million |
|
Hongfa Technology Co Ltd
SHG:600885
|
China | CN¥23.57 Billion |
|
Ecopro BM. Co. Ltd
KQ:247540
|
Korea | ₩4.62 Trillion |
|
Roshow Technology Co Ltd
SHE:002617
|
China | CN¥10.69 Billion |
|
Hammond Power Solutions Inc
TO:HPS-A
|
Canada | CA$680.40 Million |
|
Shenzhen Hui Chuang Da Technology Co.Ltd
SHE:300909
|
China | CN¥3.49 Billion |
|
Zhejiang Wanma Co Ltd
SHE:002276
|
China | CN¥16.57 Billion |
|
Weihai Honglin Electronic Co. Ltd. A
SHE:301439
|
China | CN¥5.16 Billion |
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 | 1.08 | 1.07 | 18.02 |
| Quick Ratio | 1.07 | 0.76 | 18.02 |
| Cash Ratio | 0.00 | 0.38 | 0.00 |
| Working Capital | $1.76 Million | $1.45 Million | $57.97 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 | 2.00 |
| Latest Market Cap to Assets Ratio | 0.23 |
| Asset Growth Rate (YoY) | -28.7% |
| Total Assets | $51.17 Million |
| Market Capitalization | $11.60 Million USD |
Valuation Analysis
Below Book Valuation: The market values ESS Tech Inc's assets below their book value (0.23x), 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 | -- |
About ESS Tech Inc
ESS Tech, Inc., an energy storage company, engages in the design and production of 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; and the gigawatt-hour energy base storage product, a fully configurable layout that integrates with any site location and that a… Read more