Ceragon Networks Ltd. (CRNT) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 213.84M | 225.2M | 235.49M | 234.21M | 253.65M | 261.04M | 233.93M | 216.29M | 204.63M | 217.94M | 223.66M | 215.77M | 210.65M | 210.75M | 216.73M | 217.8M | 213.11M | 203.48M | 208.48M | 206.51M |
| Cash & Short-Term Investments | 39.16M | 38.37M | 42.99M | 29.22M | 27.69M | 35.31M | 34.01M | 26.3M | 28.78M | 28.24M | 33.97M | 24.53M | 26.42M | 22.95M | 25.96M | 23.59M | 24.96M | 17.08M | 27.23M | 28.67M |
| Cash Only | 39.16M | 38.37M | 42.99M | 29.22M | 27.69M | 35.31M | 34.01M | 26.3M | 28.78M | 28.24M | 33.97M | 24.53M | 26.42M | 22.95M | 25.96M | 23.59M | 24.96M | 17.08M | 27.23M | 28.67M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 94.42M | 99.67M | 111.95M | 124.05M | 163.62M | 153.06M | 121.55M | 130.5M | 114.82M | 113.85M | 104.59M | 107.59M | 100.59M | 109.29M | 109.97M | 115.74M | 112.82M | 117.68M | 109.86M | 125.53M |
| Days Sales Outstanding | 102.75 | 118.24 | 127 | 159.11 | 160.74 | 118.13 | 112.92 | 116.16 | 117.57 | 111.21 | 111.86 | 109.95 | 113.23 | 133.53 | 132.01 | 147.15 | 147.51 | 134.61 | 142.26 | 162.74 |
| Inventory | 56.46M | 61.59M | 58.42M | 59.94M | 62.34M | 59.69M | 59.8M | 59.49M | 61.03M | 68.81M | 70.05M | 67.84M | 68.74M | 72.01M | 64.23M | 60.71M | 58.06M | 61.4M | 53.2M | 52.32M |
| Days Inventory Outstanding | 96.71 | 100.98 | 97 | 102.85 | 92.21 | 77.91 | 81.02 | 87.56 | 104.69 | 107.72 | 111.3 | 111.38 | 114.67 | 122.88 | 113 | 109.69 | 105.44 | 95.97 | 92.28 | 98.19 |
| Other Current Assets | 23.8M | 25.58M | 22.13M | 20.99M | 0 | 11.35M | 18.57M | 0 | 0 | 6.08M | 15.05M | 15.81M | 14.89M | 6.09M | 16.57M | 17.76M | 17.27M | 7.07M | 18.18M | 0 |
| Total Non-Current Assets | 93.51M | 91.84M | 91.43M | 94.18M | 92.53M | 83.96M | 83.34M | 82.75M | 81.75M | 80.58M | 77.48M | 78.69M | 79.67M | 78.57M | 85.6M | 87.18M | 87.07M | 89.08M | 86.94M | 87.9M |
| Property, Plant & Equipment | 57.57M | 56.51M | 55.9M | 54.71M | 53.72M | 53.47M | 52.24M | 51.67M | 50.9M | 49.5M | 46.36M | 47.22M | 48.24M | 47.42M | 48.5M | 49.87M | 48.83M | 49.62M | 50.72M | 52.69M |
| Fixed Asset Turnover | 1.49x | 1.46x | 1.55x | 1.52x | 1.65x | 2.02x | 1.98x | 1.87x | 1.76x | 1.89x | 1.86x | 1.80x | 1.74x | 1.57x | 1.60x | 1.43x | 1.43x | 1.55x | 1.47x | 1.28x |
| Goodwill | 11.01M | 34.19M | 11.05M | 11.05M | 11.05M | 7.75M | 7.75M | 7.75M | 7.75M | 7.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 23.87M | 0 | 22.66M | 22.42M | 22.29M | 16.79M | 16.6M | 16.51M | 16.27M | 16.4M | 9.34M | 9.03M | 8.63M | 8.21M | 7.38M | 6.46M | 6.55M | 6.27M | 5.83M | 5.94M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.9M | 6.99M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.07M | 1.14M | 1.82M | 6M | 5.47M | 5.95M | 6.75M | 6.82M | 6.83M | 6.94M | 21.78M | 22.45M | 22.8M | 22.95M | 23.82M | 23.86M | 31.69M | 33.19M | 30.39M | 20.87M |
| Total Assets | 307.35M | 317.04M | 326.92M | 328.38M | 346.18M | 345M | 317.27M | 299.04M | 286.38M | 298.52M | 301.13M | 294.46M | 290.32M | 289.32M | 302.34M | 304.98M | 300.19M | 292.56M | 295.42M | 294.42M |
| Asset Turnover | 0.27x | 0.26x | 0.26x | 0.24x | 0.26x | 0.32x | 0.33x | 0.33x | 0.30x | 0.30x | 0.29x | 0.29x | 0.29x | 0.26x | 0.26x | 0.23x | 0.24x | 0.26x | 0.26x | 0.23x |
| Asset Growth % | -11.22% | -8.1% | 3.04% | 9.81% | 20.88% | 15.57% | 5.36% | 1.55% | -1.36% | 3.18% | -0.4% | -3.45% | -3.29% | -1.11% | 2.34% | 3.59% | 3.12% | 7.39% | 7.91% | 8.2% |
| Total Current Liabilities | 112.51M | 120.23M | 129.8M | 125.86M | 150.49M | 151.45M | 132.07M | 127.32M | 120.4M | 132.95M | 135.25M | 132.23M | 131.13M | 132.84M | 133.4M | 135.69M | 125.62M | 115.68M | 106.86M | 106.65M |
| Accounts Payable | 65.58M | 70.78M | 69.64M | 73.76M | 88.58M | 91.16M | 75.43M | 67.41M | 56.51M | 67.03M | 65.86M | 62.77M | 60.6M | 67.38M | 72.08M | 72.03M | 67.91M | 69.44M | 62.44M | 65.99M |
| Days Payables Outstanding | 111.72 | 118.16 | 117.51 | 136.54 | 135.81 | 108.62 | 97.01 | 90.03 | 99.61 | 103.1 | 103.84 | 100.61 | 104.27 | 125.79 | 130.34 | 129.24 | 121.23 | 110.43 | 112.31 | 124.42 |
| Short-Term Debt | 21.06M | 23M | 31M | 20.5M | 25.2M | 25.2M | 25.2M | 28.45M | 30.5M | 32.6M | 38.2M | 39.55M | 41.85M | 37.5M | 33.7M | 35.71M | 26.95M | 14.8M | 11.9M | 11M |
| Deferred Revenue (Current) | 2.71M | 2.37M | 0 | 2.43M | 2.4M | 4.31M | 2.35M | 2.56M | 4.2M | 8.79M | 0 | 0 | 0 | 6.95M | 3.5M | 3.07M | 0 | 8.43M | 0 | 3.14M |
| Other Current Liabilities | 23.17M | 24.07M | 25.43M | 25.45M | 0 | 12M | 26.21M | 0 | 0 | 6.56M | 28.13M | 26.67M | 25.24M | 2.82M | 24.13M | 24.88M | 26.61M | 2M | 28.08M | 0 |
| Current Ratio | 1.90x | 1.87x | 1.81x | 1.86x | 1.69x | 1.72x | 1.77x | 1.70x | 1.70x | 1.64x | 1.65x | 1.63x | 1.61x | 1.59x | 1.62x | 1.61x | 1.70x | 1.76x | 1.95x | 1.94x |
| Quick Ratio | 1.40x | 1.36x | 1.36x | 1.38x | 1.27x | 1.33x | 1.32x | 1.23x | 1.19x | 1.12x | 1.14x | 1.12x | 1.08x | 1.04x | 1.14x | 1.16x | 1.23x | 1.23x | 1.45x | 1.45x |
| Cash Conversion Cycle | 87.75 | 101.06 | 106.48 | 125.43 | 117.15 | 87.42 | 96.93 | 113.7 | 122.65 | 115.83 | 119.32 | 120.72 | 123.63 | 130.63 | 114.67 | 127.6 | 131.72 | 120.15 | 122.23 | 136.51 |
| Total Non-Current Liabilities | 23.35M | 24.06M | 25.01M | 30.74M | 28.69M | 27.22M | 28.03M | 28.21M | 30.96M | 31.55M | 35.37M | 35.85M | 36.38M | 36.7M | 36.18M | 37.31M | 38.71M | 39.73M | 40.89M | 41.45M |
| Long-Term Debt | 0 | 13.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 12.51M | 13.33M | 12.88M | 13.32M | 12.44M | 12.94M | 13.28M | 13.14M | 13M | 13.72M | 11.16M | 11.83M | 12.31M | 13.19M | 13.45M | 14.3M | 16.25M | 17.21M | 17.97M | 18.53M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 10.84M | -2.6M | 12.12M | 17.42M | 16.25M | 14.29M | 14.08M | 14.4M | 17.3M | 17.17M | 24.21M | 24.02M | 24.07M | 11.97M | 11.84M | 12.11M | 22.46M | 13.24M | 22.92M | 13.77M |
| Total Liabilities | 135.86M | 144.29M | 154.81M | 156.61M | 179.17M | 178.67M | 160.1M | 155.53M | 151.36M | 164.51M | 170.62M | 168.08M | 167.51M | 169.53M | 169.58M | 173.01M | 164.33M | 155.41M | 147.75M | 148.11M |
| Total Debt | 33.57M | 49.66M | 47.61M | 37.55M | 40.77M | 41.11M | 41.35M | 44.74M | 47.23M | 50.2M | 52.41M | 54.62M | 57.6M | 54.43M | 47.14M | 50.02M | 47.36M | 36.37M | 34.32M | 34.14M |
| Net Debt | -5.6M | 11.29M | 4.63M | 8.34M | 13.08M | 5.8M | 7.34M | 18.44M | 18.45M | 21.97M | 18.44M | 30.09M | 31.17M | 31.48M | 21.18M | 26.43M | 22.4M | 19.29M | 7.09M | 5.47M |
| Debt / Equity | 0.20x | 0.29x | 0.28x | 0.22x | 0.24x | 0.25x | 0.26x | 0.31x | 0.35x | 0.37x | 0.40x | 0.43x | 0.47x | 0.45x | 0.36x | 0.38x | 0.35x | 0.27x | 0.23x | 0.23x |
| Debt / EBITDA | 6.08x | 8.80x | 6.62x | 6.18x | 18.19x | 3.22x | 2.35x | 3.36x | 6.60x | 7.57x | 5.80x | 6.63x | 7.92x | - | 5.98x | 19.92x | 28.14x | 8.11x | 5.82x | 9.95x |
| Net Debt / EBITDA | -1.01x | 2.00x | 0.64x | 1.37x | 5.84x | 0.45x | 0.42x | 1.39x | 2.58x | 3.31x | 2.04x | 3.66x | 4.29x | - | 2.69x | 10.52x | 13.31x | 4.30x | 1.20x | 1.59x |
| Interest Coverage | 0.73x | 1.04x | 0.26x | 0.77x | - | - | 7.98x | 5.41x | 2.13x | 0.95x | 3.87x | 3.00x | 3.24x | -3.95x | 2.94x | -0.43x | -1.66x | -0.87x | 1.24x | 0.27x |
| Total Equity | 171.5M | 172.75M | 172.11M | 171.78M | 167.01M | 166.32M | 157.17M | 143.5M | 135.02M | 134.02M | 130.51M | 126.38M | 122.81M | 119.78M | 132.76M | 131.97M | 135.86M | 137.15M | 147.66M | 146.31M |
| Equity Growth % | 2.69% | 3.86% | 9.51% | 19.7% | 23.69% | 24.11% | 20.43% | 13.55% | 9.94% | 11.88% | -1.69% | -4.24% | -9.6% | -12.66% | -10.09% | -9.8% | -7.2% | -6.14% | -1.34% | -0.69% |
| Book Value per Share | 1.89 | 1.87 | 1.88 | 1.92 | 1.88 | 1.85 | 1.78 | 1.63 | 1.54 | 1.58 | 1.53 | 1.48 | 1.44 | 1.42 | 1.58 | 1.57 | 1.62 | 1.63 | 1.74 | 1.75 |
| Total Shareholders' Equity | 171.5M | 172.75M | 172.11M | 171.78M | 167.01M | 166.32M | 157.17M | 143.5M | 135.02M | 134.02M | 130.51M | 126.38M | 122.81M | 119.78M | 132.76M | 131.97M | 135.86M | 137.15M | 147.66M | 146.31M |
| Common Stock | 234K | 234K | 234K | 234K | 232K | 224K | 224K | 224K | 224K | 224K | 224K | 224K | 224K | 224K | 224K | 224K | 224K | 224K | 224K | 223K |
| Retained Earnings | -254.56M | -253.22M | -253.34M | -253.37M | -252.1M | -251.13M | -254.74M | -266.95M | -274.79M | -275.19M | -273.99M | -277.35M | -279.44M | -281.41M | -266.39M | -265.53M | -264.01M | -261.72M | -249.51M | -249.77M |
| Treasury Stock | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M | -20.09M |
| Accumulated OCI | -9.71M | -8.82M | -8.26M | -7.7M | -10.54M | -10.06M | -9.57M | -9.85M | -8.74M | -8.09M | -10.9M | -10.62M | -11.27M | -11.16M | -12.24M | -12.43M | -9.34M | -9.51M | -10.27M | -9.6M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |