Elbit Systems Ltd. (ESLT) 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 | 8.31B | 7.74B | 7.42B | 7.32B | 6.8B | 6.36B | 6.36B | 6.1B | 5.86B | 5.46B | 5.42B | 5.42B | 5.37B | 5.03B | 5.2B | 5.08B | 5.05B | 4.98B | 4.94B | 4.45B |
| Cash & Short-Term Investments | 925.26M | 815.91M | 733.32M | 848.91M | 455.14M | 266.68M | 123.37M | 138.82M | 143.6M | 206.23M | 146.87M | 138.12M | 153.53M | 212.15M | 249.28M | 248.38M | 277.05M | 260.18M | 204.58M | 219.15M |
| Cash Only | 155.25M | 635.27M | 142.15M | 109.11M | 113.68M | 265.35M | 119.2M | 120.66M | 107.31M | 195.8M | 120.29M | 111.68M | 151.47M | 211.11M | 248.18M | 247.27M | 275.87M | 258.99M | 203.14M | 211.42M |
| Short-Term Investments | 770.02M | 180.64M | 591.18M | 739.8M | 341.46M | 1.33M | 4.17M | 18.1M | 36.29M | 10.43M | 26.58M | 26.43M | 2.06M | 1.04M | 1.09M | 1.11M | 1.18M | 1.19M | 1.44M | 7.73M |
| Accounts Receivable | 4.14B | 3.57B | 3.14B | 3.53B | 3.48B | 3.18B | 3.42B | 2.94B | 2.91B | 2.86B | 2.98B | 3.07B | 3.04B | 2.72B | 3.04B | 3.02B | 3.02B | 2.77B | 3.09B | 2.69B |
| Days Sales Outstanding | 158.54 | 143.8 | 159.68 | 161.63 | 158.04 | 157.18 | 170.34 | 163.7 | 168.89 | 165.13 | 185.23 | 191.29 | 186.07 | 175.82 | 206.7 | 210.83 | 192.52 | 51.07 | 194.89 | 186.44 |
| Inventory | 3.24B | 3.13B | 3.14B | 2.95B | 2.87B | 2.77B | 2.82B | 2.7B | 2.54B | 2.28B | 2.29B | 2.22B | 2.17B | 1.95B | 1.91B | 1.81B | 1.75B | 1.67B | 1.64B | 1.55B |
| Days Inventory Outstanding | 175.18 | 178.08 | 193.82 | 176.29 | 176.04 | 175.72 | 194.66 | 192.92 | 186 | 169.05 | 182.77 | 184.54 | 179.57 | 157.69 | 167.56 | 168.31 | 150.1 | 38.89 | 146.74 | 140.94 |
| Other Current Assets | 0 | 35.81M | 403.67M | 0 | 0 | 15.13M | 0 | 0 | 0 | 126.15M | 0 | 0 | 0 | 136.72M | 0 | 0 | 0 | 161.41M | 0 | 0 |
| Total Non-Current Assets | 4.93B | 4.93B | 4.82B | 4.78B | 4.55B | 4.62B | 4.48B | 4.41B | 4.3B | 4.2B | 4.2B | 4.14B | 4.1B | 4.18B | 4.25B | 4.18B | 4.31B | 4.34B | 4.23B | 4.3B |
| Property, Plant & Equipment | 1.92B | 1.9B | 1.86B | 1.82B | 1.8B | 1.8B | 1.76B | 1.69B | 1.62B | 1.5B | 1.48B | 1.43B | 1.37B | 1.35B | 1.33B | 1.29B | 1.33B | 1.32B | 1.26B | 1.25B |
| Fixed Asset Turnover | 1.15x | 1.14x | 1.04x | 1.09x | 1.05x | 1.08x | 0.99x | 0.98x | 1.00x | 1.09x | 1.03x | 1.04x | 1.02x | 1.12x | 1.03x | 1.00x | 1.02x | 4.09x | 1.09x | 1.06x |
| Goodwill | 0 | 1.5B | 0 | 0 | 0 | 1.49B | 0 | 5.89M | 0 | 1.5B | 0 | 0 | 0 | 1.5B | 0 | 0 | 0 | 1.55B | 0 | 0 |
| Intangible Assets | 1.82B | 324.72M | 1.82B | 1.83B | 1.84B | 354.76M | 1.86B | 1.86B | 1.87B | 390.52M | 1.89B | 1.9B | 1.91B | 435.06M | 1.94B | 1.93B | 2B | 473.87M | 2.04B | 2.05B |
| Long-Term Investments | 220.4M | 872.59M | 847.78M | 182.52M | 181.75M | 135.08M | 175.22M | 640.08M | 598.79M | 582.37M | 244.41M | 251.94M | 254.16M | 272.13M | 336.13M | 294.19M | 315.18M | 316.06M | 250.01M | 257.15M |
| Other Non-Current Assets | 880.87M | 247.78M | 235.54M | 892.32M | 692.37M | 797.9M | 663.62M | 212.15M | 188.52M | 200M | 558.56M | 520.79M | 536.43M | 601.84M | 624.17M | 616.01M | 616.02M | 617.27M | 580.41M | 653.42M |
| Total Assets | 13.23B | 12.66B | 12.24B | 12.1B | 11.36B | 10.97B | 10.85B | 10.49B | 10.16B | 9.66B | 9.62B | 9.56B | 9.46B | 9.22B | 9.45B | 9.27B | 9.36B | 9.32B | 9.16B | 8.75B |
| Asset Turnover | 0.17x | 0.17x | 0.16x | 0.17x | 0.17x | 0.18x | 0.16x | 0.16x | 0.16x | 0.17x | 0.16x | 0.15x | 0.15x | 0.16x | 0.14x | 0.14x | 0.14x | 0.57x | 0.15x | 0.16x |
| Asset Growth % | 16.53% | 15.43% | 12.85% | 15.36% | 11.72% | 13.59% | 12.81% | 9.7% | 7.39% | 4.81% | 1.72% | 3.18% | 1.11% | -1.09% | 3.14% | 5.83% | 16.52% | 15.63% | 18.6% | 15.51% |
| Total Current Liabilities | 5.91B | 5.98B | 5.62B | 5.69B | 5.64B | 5.31B | 5.55B | 5.41B | 5.04B | 4.78B | 4.85B | 4.91B | 4.56B | 4.28B | 4.5B | 4.36B | 3.92B | 4.02B | 3.91B | 3.98B |
| Accounts Payable | 1.56B | 1.51B | 1.56B | 1.48B | 1.45B | 1.34B | 1.31B | 1.28B | 1.15B | 1.25B | 1.1B | 1.06B | 1.13B | 1.07B | 1.12B | 1.07B | 1.01B | 1.02B | 1.09B | 925.11M |
| Days Payables Outstanding | 84.53 | 87.43 | 96.87 | 88.59 | 87.06 | 83.35 | 91.22 | 89.41 | 92.83 | 87.09 | 87.55 | 91.91 | 95.69 | 89.57 | 98.69 | 98.31 | 89.28 | 24.82 | 92.74 | 87.51 |
| Short-Term Debt | 83.84M | 232.5M | 345.48M | 436.52M | 581.61M | 525.42M | 763.84M | 777.65M | 693.23M | 651.88M | 848.48M | 767.4M | 301.93M | 191.63M | 208.74M | 295.56M | 108.47M | 106.36M | 215.86M | 503.14M |
| Deferred Revenue (Current) | 2.58B | 2.68B | 2.32B | 2.31B | 2.24B | 2.15B | 2.13B | 2.06B | 1.99B | 1.64B | 1.57B | 1.81B | 1.83B | 1.78B | 1.8B | 1.69B | 1.42B | 1.5B | 1.34B | 1.3B |
| Other Current Liabilities | 0 | 1.03B | 1.39B | 0 | 0 | 479.11M | 0 | 1.22B | 1.17B | 2.21B | 2.83B | 3.02B | 3.07B | 535.3M | 3.1B | 2.92B | 2.72B | 2.24B | 2.53B | 2.49B |
| Current Ratio | 1.41x | 1.29x | 1.32x | 1.29x | 1.21x | 1.20x | 1.15x | 1.13x | 1.16x | 1.14x | 1.12x | 1.11x | 1.18x | 1.18x | 1.15x | 1.17x | 1.29x | 1.24x | 1.26x | 1.12x |
| Quick Ratio | 0.86x | 0.77x | 0.76x | 0.77x | 0.70x | 0.67x | 0.64x | 0.63x | 0.66x | 0.67x | 0.64x | 0.65x | 0.70x | 0.72x | 0.73x | 0.75x | 0.84x | 0.82x | 0.84x | 0.73x |
| Cash Conversion Cycle | 249.2 | 234.45 | 256.63 | 249.33 | 247.02 | 249.56 | 273.77 | 267.2 | 262.05 | 247.09 | 280.45 | 283.92 | 269.95 | 243.94 | 275.57 | 280.83 | 253.33 | 65.14 | 248.89 | 239.86 |
| Total Non-Current Liabilities | 3.06B | 2.56B | 2.62B | 2.46B | 2.41B | 2.38B | 2.23B | 2.09B | 2.14B | 1.95B | 1.92B | 1.86B | 2.12B | 2.18B | 2.34B | 2.36B | 2.87B | 2.75B | 2.76B | 2.37B |
| Long-Term Debt | 248.26M | 255.68M | 248.84M | 246.22M | 295.38M | 305.92M | 304.48M | 300.49M | 371.77M | 384.07M | 369.02M | 378.16M | 635.43M | 680.08M | 793.76M | 795.34M | 906.89M | 884.95M | 892.18M | 548.67M |
| Capital Lease Obligations | 467.59M | 476.84M | 471.64M | 459.48M | 427.35M | 454.06M | 451.93M | 449.81M | 421.58M | 363.1M | 346.9M | 354.51M | 329.35M | 344.58M | 343.62M | 345.6M | 379.61M | 386.64M | 376.73M | 382.73M |
| Deferred Tax Liabilities | 131.19M | 137.69M | 109.13M | 102.22M | 75.31M | 73.92M | 62.46M | 0 | 54.46M | 54.78M | 62.26M | 62.58M | 58.31M | 72.97M | 71.4M | 123.07M | 126.84M | 141.45M | 161.01M | 156.96M |
| Other Non-Current Liabilities | 710.75M | 750.98M | 771.21M | 820.25M | 722.33M | 728.75M | 788.52M | 1.34B | 796.5M | 1.22B | 847.85M | 862.18M | 870.25M | 865.98M | 936.44M | 949M | 1.04B | 1.04B | 1.09B | 1.09B |
| Total Liabilities | 8.97B | 8.53B | 8.23B | 8.15B | 8.05B | 7.69B | 7.77B | 7.5B | 7.18B | 6.73B | 6.77B | 6.77B | 6.68B | 6.46B | 6.85B | 6.72B | 6.79B | 6.77B | 6.67B | 6.35B |
| Total Debt | 895.11M | 965.01M | 1.07B | 1.24B | 1.39B | 1.37B | 1.6B | 1.6B | 1.54B | 1.45B | 1.63B | 1.56B | 1.33B | 1.29B | 1.42B | 1.51B | 1.47B | 1.45B | 1.56B | 1.5B |
| Net Debt | 739.86M | 329.74M | 923.81M | 1.13B | 1.27B | 1.1B | 1.48B | 1.48B | 1.43B | 1.26B | 1.51B | 1.45B | 1.18B | 1.07B | 1.17B | 1.26B | 1.2B | 1.2B | 1.35B | 1.29B |
| Debt / Equity | 0.21x | 0.23x | 0.27x | 0.31x | 0.42x | 0.42x | 0.52x | 0.53x | 0.52x | 0.50x | 0.57x | 0.56x | 0.48x | 0.47x | 0.54x | 0.59x | 0.57x | 0.57x | 0.62x | 0.63x |
| Debt / EBITDA | 3.57x | 3.85x | 4.96x | 6.14x | 7.25x | 6.73x | 9.70x | 10.35x | 10.61x | 13.35x | 10.94x | 11.07x | 9.88x | 8.01x | 12.57x | 9.57x | 15.02x | 2.55x | 10.41x | 9.64x |
| Net Debt / EBITDA | 2.95x | 1.31x | 4.30x | 5.60x | 6.65x | 5.43x | 8.98x | 9.57x | 9.87x | 11.56x | 10.13x | 10.28x | 8.75x | 6.70x | 10.37x | 8.00x | 12.21x | 2.09x | 9.05x | 8.29x |
| Interest Coverage | 6.43x | 4.31x | 4.94x | 5.02x | 3.97x | 2.50x | 2.95x | 3.94x | 3.55x | 0.14x | 2.92x | 3.12x | 3.80x | 3.49x | 4.77x | 11.09x | - | 138.85x | 8.20x | 16.36x |
| Total Equity | 4.26B | 4.13B | 4.01B | 3.95B | 3.31B | 3.28B | 3.07B | 3.01B | 2.98B | 2.93B | 2.85B | 2.79B | 2.78B | 2.76B | 2.6B | 2.54B | 2.57B | 2.55B | 2.49B | 2.4B |
| Equity Growth % | 28.78% | 25.9% | 30.34% | 30.89% | 10.88% | 12.14% | 8.02% | 7.88% | 7.28% | 6.1% | 9.3% | 9.93% | 8.15% | 8.3% | 4.35% | 5.78% | 12.03% | 14.11% | 10.55% | 6.42% |
| Book Value per Share | 88.53 | 86.49 | 84.03 | 84.50 | 72.64 | 73.01 | 68.88 | 67.56 | 66.81 | 65.56 | 63.73 | 62.60 | 62.56 | 61.85 | 58.32 | 57.02 | 57.76 | 57.51 | 56.35 | 54.31 |
| Total Shareholders' Equity | 4.26B | 4.13B | 4B | 3.94B | 3.3B | 3.28B | 3.07B | 3.01B | 2.98B | 2.92B | 2.84B | 2.79B | 2.78B | 2.76B | 2.6B | 2.54B | 2.56B | 2.53B | 2.48B | 2.39B |
| Common Stock | 0 | 13.44M | 0 | 0 | 0 | 12.84M | 0 | 3.02B | 3.01B | 12.71M | 2.84B | 2.79B | 2.78B | 12.79M | 2.6B | 2.54B | 2.56B | 12.76M | 2.48B | 2.39B |
| Retained Earnings | 0 | 3.15B | 0 | 0 | 0 | 2.74B | 0 | 0 | 0 | 2.49B | 0 | 0 | 0 | 2.38B | 0 | 0 | 0 | 2.2B | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -93.22M | 0 | 0 | 0 | 64.3M | 0 | 0 | 0 | -17.65M | 0 | 0 | 0 | -71.56M | 0 | 0 | 0 | -97.86M | 0 | 0 |
| Minority Interest | 15K | 375.08K | 4.56M | 4.38M | 3.83M | 3.44M | 3.44M | 3.04M | 2.79M | 2.76M | 2.29M | 2.22M | 2.61M | 2.45M | 2.15M | 2.3M | 14.55M | 14.63M | 13.21M | 13.2M |