CN Energy Group. Inc. key statistics and ratios

In fiscal 2025, CN Energy Group. Inc. had return on equity of -11.2% and a net margin of -31.3%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

CN Energy Group. Inc.: financial ratios, annual
Fiscal year	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025
Net margin	15.3%	18.8%	6.5%	5.5%	−9.7%	−27.6%	−31.3%
Return on equity	9.3%	11.4%	3.0%	3.5%	−6.7%	−14.0%	−11.2%
Return on assets	—	7.5%	2.6%	2.7%	−5.1%	−12.5%	−10.8%
Effective tax rate	9.6%	6.8%	−25.2%	−12.4%	—	—	—
R&D as % of revenue	5.5%	2.3%	1.9%	2.6%	1.7%	0.3%	0.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 3 checks passed · September 30, 2025

What it owns · $107m

Short-term assets $66mLonger-term assets $42m

What it owes, and who funded it · $107m

Short-term liabilities $5mLonger-term liabilities $1mShareholders' equity $102m

Short-term assets cover short-term liabilities $66m of assets due within a year against $5m of liabilities due within a year.
Short-term assets cover long-term liabilities $66m short-term assets against $611,327 of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of −$11m against $168,183 of interest.

From CN Energy Group. Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: CNEY vs TANH ASPI vs CNEY BON vs CNEY

More: Specialty Chemicals stocks compared, Materials sector, rankings of US companies

Figures from CN Energy Group. Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to CN Energy Group. Inc.