Check-Cap Ltd. (MBAI) Balance Sheet
MBAI balance sheet, 2025
December 31, 2025 · U.S. dollars$7.5M assets = $4.0M liabilities + $3.4M equity
Both columns are drawn to the same scale: what MBAI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MBAI financial health
Descriptive bands, not a rating. Fiscal 2025.
MBAI balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $55.7M2021 | $7.5M2025 | −39.4%/yr | |
| Total liabilities | $5.0M2021 | $4.0M2025 | −5.0%/yr | |
| Shareholders’ equity | $50.7M2021 | $3.4M2025 | −49.0%/yr | |
| Cash & short-term investments | $51.6M2021 | $219,0002025 | −74.5%/yr | |
| Total debt | $1.1M2021 | $16,0002025 | −65.6%/yr | |
| Net cash (debt) | $50.4M2021 | $203,0002025 | −$50.2M | |
| Working capital | $48.7M2021 | −$3.8M2025 | −$52.5M | |
| Current ratio | 13.052021 | 0.052025 | −13.00 | |
| Debt / equity | 0.022021 | 0.002025 | −0.02 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MBAI assets
MBAI liabilities and equity
MBAI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MBAI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $219,000 | $265,000 | $24.8M | $41.7M | $51.6M |
| Cash & equivalents | $2,000 | $0 | $8.8M | $4.1M | $26.5M |
| Short-term investments | $217,000 | $265,000 | $15.9M | $37.6M | $25.1M |
| Receivables | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $100,000 | $931,000 | $1.2M |
| Total current assets | $219,000 | $265,000 | $24.9M | $42.6M | $52.8M |
| Property, plant & equipment (net) | $16,000 | $112,000 | $161,000 | $2.8M | $2.9M |
| Goodwill & intangible assets | $726,000 | $0 | $0 | $0 | $0 |
| Long-term investments | $6.5M | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 |
| Total assets | $7.5M | $377,000 | $25.0M | $45.4M | $55.7M |
| Liabilities | |||||
| Accounts payable | $790,000 | $492,000 | $141,000 | $952,000 | $1.1M |
| Short-term debt | $16,000 | $120,000 | — | $337,000 | $350,000 |
| Total current liabilities | $4.0M | $1.8M | $1.3M | $3.4M | $4.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $16,000 | $136,000 | $0 | $964,000 | $1.1M |
| Other long-term liabilities | $0 | $16,000 | $0 | $721,000 | $927,000 |
| Total liabilities | $4.0M | $1.8M | $1.3M | $4.1M | $5.0M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $83.9M | $83.8M | $83.7M | $83.7M | $68.8M |
| Retained earnings (deficit) | −$165.9M | −$170.0M | −$144.9M | −$127.3M | −$108.2M |
| Total shareholders' equity | $3.4M | −$1.4M | $23.7M | $41.3M | $50.7M |
| Key figures | |||||
| Total debt | $16,000 | $136,000 | — | $964,000 | $1.1M |
| Net cash (debt) | $203,000 | $129,000 | — | $40.7M | $50.4M |
| Working capital | −$3.8M | −$1.5M | $23.5M | $39.2M | $48.7M |
| Tangible book value | $2.7M | −$1.4M | $23.7M | $41.3M | $50.7M |
| Current ratio | 0.05 | 0.15 | 18.69 | 12.51 | 13.05 |
| Quick ratio | 0.05 | 0.15 | 18.61 | 12.24 | 12.76 |
| Debt / equity | 0.00 | — | — | 0.02 | 0.02 |
| Equity / assets | 45.9% | −384.6% | 94.7% | 90.9% | 91.1% |
| Dec '25 | Jun '25 | Dec '24 | Jun '24 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $219,000 | $1.4M | $265,000 | $17.8M |
| Cash & equivalents | $2,000 | $1.2M | $0 | $17.8M |
| Short-term investments | $217,000 | $261,000 | $265,000 | $0 |
| Receivables | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $130,000 |
| Total current assets | $219,000 | $1.4M | $265,000 | $18.0M |
| Property, plant & equipment (net) | $16,000 | $70,000 | $112,000 | $136,000 |
| Goodwill & intangible assets | $726,000 | $0 | $0 | $0 |
| Long-term investments | $6.5M | $4.3M | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 |
| Total assets | $7.5M | $5.8M | $377,000 | $18.1M |
| Liabilities | ||||
| Accounts payable | $790,000 | $674,000 | $492,000 | $32,000 |
| Short-term debt | $16,000 | $123,000 | $120,000 | — |
| Total current liabilities | $4.0M | $2.0M | $1.8M | $913,000 |
| Long-term debt | $0 | $0 | $0 | $0 |
| Lease obligations | $16,000 | $139,000 | $136,000 | — |
| Other long-term liabilities | $0 | $16,000 | $16,000 | $0 |
| Total liabilities | $4.0M | $2.0M | $1.8M | $913,000 |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $83.9M | $83.8M | $83.8M | $83.8M |
| Retained earnings (deficit) | −$165.9M | −$164.8M | −$170.0M | −$151.2M |
| Total shareholders' equity | $3.4M | $3.8M | −$1.4M | $17.2M |
| Key figures | ||||
| Total debt | $16,000 | $139,000 | $136,000 | — |
| Net cash (debt) | $203,000 | $1.3M | $129,000 | — |
| Working capital | −$3.8M | −$569,000 | −$1.5M | $17.0M |
| Tangible book value | $2.7M | $3.8M | −$1.4M | $17.2M |
| Book value per share | $0.49 | $0.64 | −$0.25 | $2.94 |
| Shares outstanding | 7.0M | 5.9M | 5.9M | 5.9M |
| Current ratio | 0.05 | 0.71 | 0.15 | 19.66 |
| Quick ratio | 0.05 | 0.71 | 0.15 | 19.52 |
| Debt / equity | 0.00 | 0.04 | — | — |
| Equity / assets | 45.9% | 65.3% | −384.6% | 95.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
MBAI financial position
At the end of fiscal 2025 (December 31, 2025), Check-Cap had total assets of $7.5 million (up 1,885.7% from a year earlier), total liabilities of $4.0 million and shareholders' equity of $3.4 million. It held $0.2 million in cash and short-term investments against $0.0 million of debt, a net cash position of $0.2 million. Its current ratio was 0.05.
Related: MBAI income statement, MBAI cash flow statement, MBAI key metrics. See the MBAI stock overview for the latest quote and news.
MBAI balance sheet FAQ
What are Check-Cap's total assets?
Check-Cap reported total assets of $7.5 million at the end of fiscal 2025 (December 31, 2025), compared with $0.4 million a year earlier.
How much debt does Check-Cap have?
Check-Cap had $0.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does Check-Cap have?
Check-Cap held $0.2 million in cash and short-term investments at the end of fiscal 2025; with $0.0 million of debt that is net cash of $0.2 million.
What is Check-Cap's book value?
Check-Cap's shareholders' equity (book value) was $3.4 million at the end of fiscal 2025.
What is Check-Cap's current ratio?
Check-Cap had current assets of $0.2 million and current liabilities of $4.0 million, a current ratio of 0.05 (current liabilities exceed current assets).
How much goodwill does Check-Cap have?
Check-Cap carried $0.7 million of goodwill and intangible assets, 9.7% of total assets, at the end of fiscal 2025.