Orgenesis Inc. (ORGS) Balance Sheet
ORGS balance sheet, 2024
December 31, 2024 · U.S. dollars$1.4M assets = $38.9M liabilities + −$37.5M equity
Liabilities exceed assets: shareholders’ equity is negative (−$37.5M).
Both columns are drawn to the same scale: what ORGS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ORGS financial health
Current ratio0.03
Tight · current assets cover current liabilities 0.03×
Equity / assets−2,775.8%
Thin equity · of assets funded by shareholders
Cash / debt0.9%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2024.
ORGS balance sheet trends, 2016–2024
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $33.5M2016 | $1.4M2024 | −30.0%/yr | |
| Total liabilities | $22.9M2016 | $38.9M2024 | +6.1%/yr | |
| Shareholders’ equity | $10.6M2016 | −$37.5M2024 | — | |
| Cash & short-term investments | $891,0002016 | $78,0002024 | −23.7%/yr | |
| Total debt | $9.8M2016 | $8.5M2024 | −1.6%/yr | |
| Net cash (debt) | −$8.9M2016 | −$8.4M2024 | +$555,000 | |
| Working capital | −$10.4M2016 | −$26.2M2024 | −$15.8M | |
| Book value per share | $1.242016 | −$7.252024 | — | |
| Current ratio | 0.292016 | 0.032024 | −0.26 | |
| Debt / equity | 0.932016 | 0.742022 | −0.19 | |
| Shares outstanding | 8.5M2016 | 5.2M2024 | −5.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ORGS assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
ORGS liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
ORGS debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ORGS balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $78,000 | $837,000 | $5.3M | $5.5M | $44.9M | $11.4M | $16.1M | $16.1M | $3.5M | $891,000 |
| Cash & equivalents | $78,000 | $837,000 | $5.3M | $5.5M | $44.9M | $11.4M | $16.1M | $16.1M | $3.5M | $891,000 |
| Short-term investments | — | — | — | $152,000 | — | — | — | — | — | — |
| Receivables | $40,000 | $2.6M | $39.8M | $19.7M | $3.3M | $2.0M | $11.2M | $11.2M | $2.2M | $2.1M |
| Inventory | $0 | $34,000 | $120,000 | $118,000 | $185,000 | $2.0M | $1.7M | $1.7M | $725,000 | $400,000 |
| Other current assets | $643,000 | $642,000 | $1.1M | $501,000 | $1.7M | $10.5M | $1.3M | $1.3M | $841,000 | $779,000 |
| Total current assets | $761,000 | $4.1M | $46.3M | $25.8M | $50.1M | $26.0M | $30.3M | $30.3M | $7.3M | $4.2M |
| Property, plant & equipment (net) | $578,000 | $1.8M | $25.1M | $11.3M | $4.5M | $34.0M | $11.9M | $11.9M | $5.1M | $4.6M |
| Goodwill & intangible assets | $0 | $8.6M | $17.9M | $20.2M | $21.8M | $29.1M | $31.9M | $31.9M | $25.7M | $24.6M |
| Long-term investments | $0 | $8,000 | $135,000 | $152,000 | $175,000 | $2.6M | $0 | $0 | $1.3M | $0 |
| Other non-current assets | $12,000 | $56,000 | $1.5M | $2.4M | $1.1M | $707,000 | $1.4M | $1.4M | $417,000 | $75,000 |
| Total assets | $1.4M | $14.6M | $90.9M | $59.8M | $77.7M | $92.5M | $75.4M | $75.4M | $39.9M | $33.5M |
| Liabilities | ||||||||||
| Accounts payable | $10.4M | $6.6M | $4.4M | $5.2M | $8.6M | $5.5M | $3.8M | $3.8M | $3.9M | $4.6M |
| Short-term debt | — | $3.6M | $5.1M | $6.4M | $4.6M | $1.2M | $1.0M | $1.0M | $3.2M | $5.5M |
| Deferred revenue | — | $2.2M | $1.6M | $1.3M | $751,000 | $11.4M | $7.0M | $7.0M | $5.3M | $1.5M |
| Total current liabilities | $26.9M | $16.4M | $15.9M | $15.4M | $16.3M | $31.6M | $17.1M | $17.1M | $16.9M | $14.6M |
| Long-term debt | $8.5M | $19.0M | $13.3M | $4.9M | $7.3M | $14.1M | $3.5M | $2.7M | $4.5M | $4.3M |
| Lease obligations | $1.6M | $334,000 | $2.4M | $1.1M | $1.5M | $10.2M | — | — | — | — |
| Other long-term liabilities | $3.5M | $161,000 | $2.4M | $991,000 | $1.4M | $40.8M | $26.1M | $27.0M | $4.3M | $4.0M |
| Total liabilities | $38.9M | $35.5M | $31.7M | $21.2M | $25.0M | $86.4M | $46.8M | $46.8M | $25.7M | $22.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | $3,000 | $3,000 | $3,000 | $3,000 | $2,000 | $1,000 | $1,000 | $1,000 | $12,000 |
| Retained earnings (deficit) | −$224.8M | −$176.6M | −$121.3M | −$106.4M | −$88.3M | −$89.4M | −$62.4M | −$62.4M | −$44.1M | −$29.8M |
| Accumulated other comprehensive income | — | $65,000 | −$270,000 | $207,000 | $748,000 | $213,000 | $425,000 | $425,000 | $1.4M | −$1.2M |
| Minority interest | −$32,000 | $0 | $31.7M | $143,000 | — | $601,000 | — | — | — | — |
| Total shareholders' equity | −$37.5M | −$21.0M | $27.6M | $38.5M | $52.6M | $5.5M | $28.4M | $28.6M | $14.1M | $10.6M |
| Key figures | ||||||||||
| Total debt | $8.5M | $22.6M | $20.3M | $11.8M | $12.9M | $24.8M | $3.7M | $3.7M | $7.7M | $9.8M |
| Net cash (debt) | −$8.4M | −$21.8M | −$15.0M | −$6.4M | $32.0M | −$13.4M | $12.3M | $12.3M | −$4.2M | −$8.9M |
| Working capital | −$26.2M | −$12.3M | $30.4M | $10.4M | $33.8M | −$5.6M | $13.2M | $13.2M | −$9.6M | −$10.4M |
| Tangible book value | −$37.5M | −$29.6M | $9.7M | $18.3M | $30.8M | −$23.7M | −$3.5M | −$3.2M | −$11.6M | −$14.1M |
| Book value per share | −$7.25 | −$0.72 | $1.10 | $1.59 | $2.47 | $0.34 | $2.12 | $2.14 | $1.45 | $1.24 |
| Shares outstanding | 5.2M | 29.0M | 25.1M | 24.3M | 21.3M | 15.9M | 13.4M | 13.4M | 9.7M | 8.5M |
| Current ratio | 0.03 | 0.25 | 2.91 | 1.68 | 3.08 | 0.82 | 1.77 | 1.77 | 0.43 | 0.29 |
| Quick ratio | 0.00 | 0.21 | 2.84 | 1.64 | 2.96 | 0.43 | 1.59 | 1.59 | 0.34 | 0.21 |
| Debt / equity | — | — | 0.74 | 0.31 | 0.25 | 4.52 | 0.13 | 0.13 | 0.54 | 0.93 |
| Equity / assets | −2,775.8% | −144.2% | 30.3% | 64.3% | 67.7% | 5.9% | 37.6% | 38.0% | 35.4% | 31.6% |
| Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $78,000 | $204,000 | $77,000 | $80,000 | $837,000 | $55,000 | $180,000 | $2.7M | $5.3M | $3.0M | $2.3M | $1.1M |
| Cash & equivalents | $78,000 | $204,000 | $77,000 | $565,000 | $837,000 | $55,000 | $180,000 | $2.7M | $5.3M | $3.0M | $2.3M | $1.1M |
| Receivables | $40,000 | $1.4M | $240,000 | $245,000 | $2.6M | $8.0M | $8.0M | $45.6M | $39.8M | $26.4M | $21.8M | $20.8M |
| Inventory | $0 | $0 | $1 | $34,000 | $34,000 | $34,000 | $34,000 | $128,000 | $120,000 | $95,000 | $107,000 | $113,000 |
| Other current assets | $643,000 | $918,000 | $2.0M | $1.6M | $642,000 | $734,000 | $1.0M | $1.1M | $1.1M | $2.4M | $1.2M | $1.9M |
| Total current assets | $761,000 | $2.5M | $2.3M | $2.0M | $4.1M | $8.8M | $9.3M | $49.5M | $46.3M | $31.9M | $25.5M | $24.0M |
| Property, plant & equipment (net) | $578,000 | $17.0M | $17.7M | $18.2M | $1.8M | $1.9M | $1.7M | $24.7M | $25.1M | $17.6M | $15.1M | $12.0M |
| Goodwill & intangible assets | $0 | $9.7M | $9.9M | $10.2M | $8.6M | $11.2M | $11.4M | $17.5M | $17.9M | $18.5M | $19.4M | $19.9M |
| Long-term investments | $0 | $8,000 | $8,000 | $8,000 | $8,000 | $22.5M | $31.5M | $136,000 | $136,000 | $1.7M | $1.8M | $0 |
| Other non-current assets | $12,000 | $399,000 | $580,000 | $587,000 | $56,000 | $849,000 | $861,000 | $1.5M | $1.5M | $1.0M | $1.1M | $2.7M |
| Total assets | $1.4M | $29.7M | $30.6M | $30.9M | $14.6M | $45.3M | $54.8M | $93.3M | $90.9M | $70.7M | $62.8M | $58.5M |
| Liabilities | ||||||||||||
| Accounts payable | $10.4M | $11.3M | $13.4M | $16.4M | $6.6M | $5.0M | $3.8M | $4.4M | $4.4M | $4.5M | $5.2M | $6.9M |
| Short-term debt | — | $7.2M | $3.6M | $3.5M | $3.6M | $3.2M | $2.6M | $3.1M | $5.1M | $23.5M | $6.0M | $938,000 |
| Deferred revenue | — | $9.5M | $9.5M | $2.7M | $2.2M | $1.4M | $1.5M | $1.7M | $1.6M | $1.5M | $1.2M | $1.3M |
| Total current liabilities | $26.9M | $36.0M | $31.7M | $29.0M | $16.4M | $14.3M | $12.7M | $13.9M | $15.9M | $34.2M | $16.2M | $15.3M |
| Long-term debt | $8.5M | $8.3M | $8.1M | $23.0M | $23.0M | $18.4M | $17.8M | $17.3M | $17.3M | $5.2M | $13.9M | $0 |
| Lease obligations | $1.6M | $2.2M | $1.8M | $1.8M | $1.8M | $385,000 | $469,000 | $3.0M | $3.0M | $1.0M | $797,000 | — |
| Other long-term liabilities | $3.5M | $9.3M | $6.6M | $6.4M | $0 | $206,000 | $257,000 | $2.7M | $0 | $1.1M | $768,000 | $8.4M |
| Total liabilities | $38.9M | $53.6M | $46.4M | $58.5M | $35.5M | $32.9M | $30.8M | $34.0M | $31.7M | $40.4M | $31.0M | $23.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | $5,000 | $5,000 | $4,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Retained earnings (deficit) | −$224.8M | −$204.4M | −$195.3M | −$186.4M | −$176.6M | −$142.2M | −$129.6M | −$125.5M | −$121.3M | −$117.2M | −$115.8M | −$110.4M |
| Accumulated other comprehensive income | — | −$215,000 | $302,000 | $281,000 | $65,000 | $71,000 | $62,000 | −$311,000 | −$270,000 | −$826,000 | $1.9M | $56,000 |
| Minority interest | −$32,000 | — | — | — | — | — | — | — | — | — | — | — |
| Total shareholders' equity | −$37.5M | −$23.9M | −$15.5M | −$27.7M | −$21.0M | $12.4M | $24.0M | $27.7M | $27.6M | $30.2M | $31.8M | $34.7M |
| Key figures | ||||||||||||
| Total debt | $8.5M | $17.3M | $13.0M | $27.8M | $22.6M | $21.7M | $20.6M | $22.6M | $20.3M | $28.7M | $20.3M | $11.9M |
| Net cash (debt) | −$8.4M | −$17.1M | −$12.9M | −$27.8M | −$21.8M | −$21.7M | −$20.5M | −$19.9M | −$15.0M | −$25.7M | −$18.0M | −$10.7M |
| Working capital | −$26.2M | −$33.5M | −$29.4M | −$27.1M | −$12.3M | −$5.5M | −$3.4M | $35.5M | $30.4M | −$2.3M | $9.2M | $8.8M |
| Tangible book value | −$37.5M | −$33.6M | −$25.4M | −$37.9M | −$29.6M | $1.2M | $12.6M | $10.2M | $9.7M | $11.7M | $12.4M | $14.8M |
| Book value per share | −$7.25 | −$0.51 | −$0.40 | −$0.84 | −$0.66 | $0.43 | $0.85 | $1.05 | $1.08 | $1.19 | $1.28 | $1.41 |
| Shares outstanding | 5.2M | 47.2M | 38.9M | 33.2M | 31.7M | 29.2M | 28.4M | 26.2M | 25.5M | 25.4M | 24.8M | 24.6M |
| Current ratio | 0.03 | 0.07 | 0.07 | 0.07 | 0.25 | 0.61 | 0.73 | 3.55 | 2.91 | 0.93 | 1.57 | 1.57 |
| Quick ratio | 0.00 | 0.04 | 0.01 | 0.01 | 0.21 | 0.56 | 0.65 | 3.46 | 2.84 | 0.86 | 1.48 | 1.44 |
| Debt / equity | — | — | — | — | — | 1.75 | 0.86 | 0.82 | 0.74 | 0.95 | 0.64 | 0.34 |
| Equity / assets | −2,775.8% | −80.5% | −50.7% | −89.6% | −144.2% | 27.4% | 43.8% | 29.7% | 30.3% | 42.7% | 50.6% | 59.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed —); data from EODHD.
ORGS financial position
At the end of fiscal 2024 (December 31, 2024), Orgenesis had total assets of $1.4 million (down 90.7% from a year earlier), total liabilities of $38.9 million and shareholders' equity of -$37.5 million. It held $0.1 million in cash and short-term investments against $8.5 million of debt, net debt of $8.4 million. Its current ratio was 0.03.
Related: ORGS income statement, ORGS cash flow statement, ORGS key metrics. See the ORGS stock overview for the latest quote and news.
ORGS balance sheet FAQ
What are Orgenesis's total assets?
Orgenesis reported total assets of $1.4 million at the end of fiscal 2024 (December 31, 2024), compared with $14.6 million a year earlier.
How much debt does Orgenesis have?
Orgenesis had $8.5 million of total debt at the end of fiscal 2024, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Orgenesis have?
Orgenesis held $0.1 million in cash and short-term investments at the end of fiscal 2024; with $8.5 million of debt that is net debt of $8.4 million.
What is Orgenesis's book value?
Orgenesis's shareholders' equity (book value) was -$37.5 million at the end of fiscal 2024, or −$7.25 per share.
What is Orgenesis's current ratio?
Orgenesis had current assets of $0.8 million and current liabilities of $26.9 million, a current ratio of 0.03 (current liabilities exceed current assets).