ESS Tech GWH
NYSE GWH
$0.37 -0.01 (-1.65%)
As of: Sep 10, 2026 · 3:59 PM EDT

ESS Tech (GWH) Total Debt (2020 - 2023)

ESS Tech (GWH) posted Total Debt of $2.3 million for Q2 2023, down 25.95% on a QoQ basis from $3.0 million in Q1 2023, and down 60.15% year-over-year from $5.7 million in Q2 2022.

Analysis

ESS Tech (GWH) Total Debt (2020 - 2023) Analysis & Trends

ESS Tech has reported Total Debt for 4 years, with the latest figure at $2.3 million in Q2 2023.

  • On a quarterly basis, Total Debt fell 60.15% year-over-year to $2.3 million in Q2 2023; TTM through Jun 2023 was $2.3 million, a 60.15% decrease from a year earlier, with the FY2022 full-year figure at $3.5 million, down 38.0% from the prior year.
  • Total Debt was $2.3 million for Q2 2023 at ESS Tech, down from $3.0 million in the prior quarter.
  • The five-year high for Total Debt was $11.4 million in Q4 2020, with the low at $2.3 million in Q2 2023.
  • Average Total Debt over 4 years is $5.2 million, with a median of $4.9 million recorded in 2022.
  • The sharpest annual moves came in 2022 and 2023: Total Debt tumbled 38.0% in 2022, then slumped 60.15% in 2023.
  • Over 4 years, Total Debt stood at $11.4 million in 2020, then slumped by 50.16% to $5.7 million in 2021, then sank by 38.0% to $3.5 million in 2022, then plunged by 35.87% to $2.3 million in 2023.
  • The last three Total Debt figures came in at $2.3 million (Q2 2023), $3.0 million (Q1 2023), and $3.5 million (Q4 2022), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 EnerSys 6.54 Bn 6.01 Bn 313.36 Mn 1.07 Bn
2 QuantumScape 3.20 Bn 3.20 Bn - -
3 Eos Energy Enterprises 1.35 Bn 1.00 Bn -48.80 Mn 453.84 Mn
4 Fluence Energy 1.34 Bn 769.30 Mn 33.24 Mn -
5 Energy Vault Holdings 752.49 Mn 645.13 Mn 5.38 Mn 342.18 Mn
6 Enovix 689.37 Mn 689.37 Mn 1.30 Mn 531.81 Mn
7 Amprius Technologies 436.15 Mn 361.63 Mn 9.28 Mn -
8 Electrovaya 257.13 Mn 244.05 Mn 6.19 Mn 38.27 Mn
9 Microvast Holdings 215.82 Mn 72.70 Mn 25.78 Mn 222.84 Mn
10 ESS Tech 12.59 Mn 12.59 Mn -7.42 Mn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2023 2.25 Mn
Mar 31, 2023 3.04 Mn
Dec 31, 2022 3.52 Mn
Sep 30, 2022 4.61 Mn
Jun 30, 2022 5.66 Mn
Mar 31, 2022 5.12 Mn
Dec 31, 2021 5.67 Mn
Dec 31, 2020 11.38 Mn