Stock Analysis on Net
Stock Analysis on Net

SolarEdge Technologies Inc. (NASDAQ:SEDG)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 22, 2023.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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SolarEdge Technologies Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Trade payables, net
Employees and payroll accruals
Warranty obligations
Deferred revenues and customers advances
Accrued expenses and other current liabilities
Current liabilities
Convertible senior notes, net
Warranty obligations
Deferred revenues
Long-term finance lease liabilities
Long-term operating lease liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Common stock of $0.0001 par value
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings
Total SolarEdge Technologies, Inc. stockholders’ equity
Non-controlling interests
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Trade Payables, Net
Trade payables as a percentage of total liabilities and stockholders’ equity showed a declining trend from 11.36% in March 2018 to a low of around 4.95%-5.51% between early 2021, before rising again towards the end of 2022, reaching 10.78%. This indicates fluctuations in short-term obligations to suppliers with a recent increase in the latest periods.
Employees and Payroll Accruals
This liability category decreased gradually from 4.06% in early 2018 to a low point near 1.81%-2.00% by mid to late 2022, reflecting a declining proportion of employee-related liabilities relative to total capital structure.
Warranty Obligations (Current)
Warranty obligations as a percent of total liabilities slightly increased from 2.27% in early 2018 to a peak of 4.63% by March 2020, after which it declined and stabilized around 2.4%-2.5% in recent periods, indicating improved management or reduced warranty liabilities.
Deferred Revenues and Customer Advances
This item rose notably in December 2019 to 4.74% but remained relatively low and stable otherwise, fluctuating between approximately 0.4% and 1.5%, suggesting limited deferred revenue activity outside this spike.
Accrued Expenses and Other Current Liabilities
The percentage increased from 3.58% in March 2018 to around 6.59% in early 2019, then exhibited a general downward trend, fluctuating between 3.66% and 5.16% in the later years, indicating moderation in short-term accrued expenses.
Current Liabilities
Current liabilities rose from 21.68% in March 2018, peaked at 29.22% in December 2019, then dropped sharply to 16.14% by March 2021. Afterward, they gradually increased again to 20.86% by the end of 2022, reflecting volatility in short-term obligations.
Convertible Senior Notes, Net
Introduced only in late 2020, this category represented a significant portion starting at 25.03% of total liabilities and equity and declined steadily to 14.64% by December 2022, indicating gradual repayment or conversion of these notes over time.
Warranty Obligations (Long-term)
Long-term warranty obligations decreased from around 9.79% in early 2018 to 6.59% at the end of 2022, with some fluctuations, suggesting a reduction relative to the overall capital structure.
Deferred Revenues (Long-term)
The long-term deferred revenues remained relatively stable, fluctuating slightly around 5.5%, with a mild decreasing tendency towards the end of the period, indicating consistent recognition of deferred revenue over time.
Long-term Finance Lease Liabilities
Data available from late 2020 shows a modest decrease from 1.07% to 1.06% by late 2022, suggesting stability in finance lease obligations.
Long-term Operating Lease Liabilities
There was a noticeable decline from 2.11% in late 2018 to approximately 1.08% by the end of 2022, indicating a reduction in operating lease liabilities relative to total capital structure.
Other Long-term Liabilities
This category declined from 2.64% in early 2018 to roughly 0.37% at the end of 2022, showing a significant reduction in miscellaneous long-term obligations.
Long-term Liabilities
The proportion of long-term liabilities remained around 17-20% until mid-2020, after which it surged to nearly 38%-39% in late 2020 and early 2021, largely affected by the issuance of convertible senior notes, then decreased steadily to 28.13% by December 2022.
Total Liabilities
Total liabilities were fairly stable around 38%-45% from 2018 to 2019, then increased sharply to over 54% in late 2020 and early 2021, coinciding with an increase in convertible notes issuance. Following this peak, total liabilities decreased to approximately 49% by the end of 2022.
Additional Paid-in Capital
This equity component showed a declining trend from 46.93% in early 2018 to about 24% in early 2021, then reversed course to increase back above 35% by mid-2022, indicating changes in equity financing activities.
Accumulated Other Comprehensive Income (Loss)
This component showed increasing losses over time, starting with a minimal loss around -0.16% in early 2018 and worsening to -3.29% by September 2022 before partially recovering to -1.71% by year-end 2022, suggesting fluctuations in other comprehensive income affecting equity.
Retained Earnings
Retained earnings increased steadily from 13.39% in early 2018 to about 25.94% in mid-2020, then declined to around 17.44% by the end of 2022, reflecting fluctuations in accumulated profits or losses over the period.
Total Stockholders’ Equity
Equity percentage remained generally above 50% over the analyzed period, peaking around 63% in late 2018, then declining to approximately 44%-46% by early 2021, followed by a recovery to above 54% in mid-2022 and a final decline to 51% at the end of 2022. This indicates changes in equity composition and total capitalization balance throughout the periods.