Clean Energy Financials
This page shows Clean Energy (SWSS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Clean Energy passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Clean Energy generates $-0.78 in operating cash flow (-$651K OCF vs $839K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Clean Energy reported $839K in net income in fiscal year 2022. This represents an increase of 248.8% from the prior year.
Cash & Balance Sheet
Clean Energy held $15K in cash against $0 in long-term debt as of fiscal year 2022.
Clean Energy had 5M shares outstanding in fiscal year 2022. This represents a decrease of 68.7% from the prior year.
Margins & Returns
Clean Energy's ROE was 1328.8% in fiscal year 2022, measuring profit generated per dollar of shareholder equity. This is up 1387.4 percentage points from the prior year.
Capital Allocation
SWSS Income Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$235K-20.1% | -$196K+60.8% | -$499K | N/A | -$244K+0.5% | -$246K-3.6% | -$237K | N/A |
| Interest Expense | $174K+33.3% | $131K | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $51K+7.7% | $48K-83.6% | $291K | N/A | $174K | N/A | N/A | N/A |
| Net Income | -$207K-56.0% | -$133K-121.8% | $609K | N/A | $380K+2422.4% | $15K+107.3% | -$208K | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SWSS Balance Sheet
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.5M-15.6% | $20.7M-0.4% | $20.8M-88.1% | $175.5M+0.7% | $174.3M+0.2% | $173.8M0.0% | $173.8M-0.2% | $174.1M |
| Current Assets | $18K-87.3% | $138K-35.0% | $212K-34.0% | $321K-31.4% | $468K-17.3% | $565K-12.7% | $647K-27.1% | $889K |
| Cash & Equivalents | $39K+48.2% | $26K+27.6% | $21K+37.5% | $15K-54.7% | $33K-61.4% | $85K-39.8% | $141K-65.8% | $413K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $19.7M-12.3% | $22.5M-1.8% | $22.9M-86.9% | $175.4M+1.0% | $173.8M+0.4% | $173.1M+0.1% | $173.0M-0.1% | $173.1M |
| Current Liabilities | $2.9M+15.4% | $2.5M-15.8% | $3.0M+277.1% | $790K+288.2% | $204K+13.4% | $180K+40.1% | $128K-47.6% | $245K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$2.3M-26.5% | -$1.8M+16.0% | -$2.1M-3472.4% | $63K-87.2% | $494K-29.3% | $698K-7.4% | $754K-21.6% | $961K |
| Retained Earnings | -$2.3M-26.5% | -$1.8M+16.0% | -$2.1M-3502.2% | $63K+116.6% | -$377K+50.2% | -$757K+2.0% | -$773K-36.7% | -$565K |
SWSS Cash Flow Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$103K+85.7% | -$722K-609.2% | -$102K-105.4% | -$50K+81.9% | -$274K-387.1% | -$56K+79.3% | -$272K-81.8% | -$149K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $3.4M+635.9% | $464K-99.7% | $156.0M+493478.7% | $32K | N/A | N/A | N/A | $0 |
| Financing Cash Flow | -$3.3M-1350.4% | $264K+100.2% | -$155.9M | N/A | N/A | N/A | N/A | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | $159.3M | N/A | N/A | N/A | N/A | N/A |
SWSS Financial Ratios
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | 77.1%+74.9pp | 2.2%+29.7pp | -27.5% | N/A |
| Return on Assets | -1.2%-0.5pp | -0.6%-3.6pp | 2.9% | N/A | 0.2%+0.2pp | 0.0%+0.1pp | -0.1% | N/A |
| Current Ratio | 0.01-0.0 | 0.05-0.0 | 0.07-0.3 | 0.41-1.9 | 2.30-0.9 | 3.15-1.9 | 5.05+1.4 | 3.63 |
| Debt-to-Equity | -8.73+3.9 | -12.59-1.8 | -10.78-2790.3 | 2779.50+2427.6 | 351.90+103.9 | 248.00+18.4 | 229.55+49.4 | 180.11 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.41), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Clean Energy profitable?
Yes, Clean Energy (SWSS) reported a net income of $839K in fiscal year 2022.
What is Clean Energy's return on equity (ROE)?
Clean Energy (SWSS) has a return on equity of 1328.8% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.
What is Clean Energy's operating cash flow?
Clean Energy (SWSS) generated -$651K in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Clean Energy's total assets?
Clean Energy (SWSS) had $175.5M in total assets as of fiscal year 2022, including both current and long-term assets.
What is Clean Energy's current ratio?
Clean Energy (SWSS) had a current ratio of 0.41 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is Clean Energy's debt-to-equity ratio?
Clean Energy (SWSS) had a debt-to-equity ratio of 2779.50 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Clean Energy's return on assets (ROA)?
Clean Energy (SWSS) had a return on assets of 0.5% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Clean Energy's cash runway?
Based on fiscal year 2022 data, Clean Energy (SWSS) had $15K in cash against an annual operating cash burn of $651K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Clean Energy's Piotroski F-Score?
Clean Energy (SWSS) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Clean Energy's earnings high quality?
Clean Energy (SWSS) has an earnings quality ratio of -0.78x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.