Pulsenmore Ltd. (PLSM) Balance Sheet

NASDAQ: PLSMAssets, liabilities, debt and equity over 7 years.

PLSM balance sheet, 2025

December 31, 2025 · Israeli shekels

₪101.8M assets = ₪18.8M liabilities + ₪83.1M equity

What it owns₪101.8MCash & ST investments: ₪69.1M (67.9%)Cash & ST investments₪69.1M · 68%Receivables: ₪4.9M (4.8%)Inventory: ₪6.6M (6.5%)Inventory ₪6.6MOther current: ₪788,000 (0.8%)PP&E: ₪7.1M (7.0%)PP&E ₪7.1MOther non-current: ₪13.3M (13.1%)Other non-current₪13.3M · 13%=How it is financed₪101.8MCurrent liabilities: ₪10.3M (10.1%)Current liabilities ₪10.3MOther LT liabilities: ₪8.4M (8.3%)Other LT liabilities ₪8.4MShareholders’ equity: ₪83.1M (81.6%)Shareholders’ equity₪83.1M · 82%

Both columns are drawn to the same scale: what PLSM owns equals what it owes plus shareholders’ equity. Hover a block for its value.

PLSM financial health

Current ratio7.88
Comfortable · current assets cover current liabilities 7.88×
Debt / equity0.02
Low leverage · ₪0.02 of debt for each $1 of equity
Equity / assets81.6%
Equity-funded · of assets funded by shareholders
Cash / debt4,417.6%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

PLSM balance sheet trends, 2019–2025

MetricTrendThenLatestChange
Total assets₪6.3M2019₪101.8M2025+58.9%/yr
Total liabilities₪2.4M2019₪18.8M2025+41.2%/yr
Shareholders’ equity₪4.0M2019₪83.1M2025+66.1%/yr
Cash & short-term investments₪4.9M2019₪69.1M2025+55.6%/yr
Total debt₪2.1M2019₪1.6M2025−4.9%/yr
Net cash (debt)₪2.8M2019₪67.6M2025+₪64.8M
Working capital₪4.3M2019₪71.1M2025+₪66.7M
Current ratio5.2720197.882025+2.61
Debt / equity0.5420190.022025−0.52
Shares outstanding6.2M20196.4M2025+0.7%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

PLSM assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

PLSM liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

PLSM debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

PLSM balance sheet in Israeli shekels

2025202420232022202120202019
Assets
Cash & short-term investments₪69.1M₪103.9M₪140.6M₪179.6M₪153.4M₪6.1M₪4.9M
Cash & equivalents₪21.6M₪41.2M₪23.8M₪15.2M₪112.9M₪6.1M₪4.9M
Short-term investments₪47.5M₪62.7M₪116.8M₪164.4M₪40.4M——
Receivables₪4.9M₪4.6M₪2.1M₪11.1M₪5.3M₪275,165₪473,688
Inventory₪6.6M₪23.3M₪23.7M₪16.6M₪6.5M₪1.9M₪0
Other current assets₪788,000₪292,342₪1₪5₪4₪5₪11,607
Total current assets₪81.4M₪132.1M₪166.5M₪207.3M₪165.2M₪8.3M₪5.4M
Property, plant & equipment (net)₪7.1M₪9.4M₪11.9M₪8.9M₪1.8M₪736,445₪966,366
Goodwill & intangible assets₪0₪0₪0₪0₪0₪0₪0
Long-term investments₪0₪0₪0₪0₪0₪0₪0
Other non-current assets₪13.3M₪0₪4₪15.3M₪3₪0₪4
Total assets₪101.8M₪141.5M₪178.4M₪231.5M₪167.0M₪9.0M₪6.3M
Liabilities
Accounts payable₪2.0M₪2.4M₪4.9M₪5.7M₪829,382₪668,403₪286,955
Short-term debt₪2.0M₪996,735₪915,117₪845,282₪553,588₪88,051₪264,800
Deferred revenue₪938,000₪5.1M₪5.1M₪5.0M₪2.3M——
Total current liabilities₪10.3M₪14.2M₪14.3M₪15.2M₪6.7M₪2.9M₪1.0M
Long-term debt₪0₪0₪0₪0₪0₪0₪0
Lease obligations₪1.6M₪2.1M₪3.3M₪4.0M₪786,000——
Other long-term liabilities₪8.4M₪24.1M₪26.6M₪26.5M₪1.1M₪865,524₪1.4M
Total liabilities₪18.8M₪38.4M₪47.7M₪48.8M₪7.8M₪3.7M₪2.4M
Shareholders' equity
Common stock & paid-in capital₪2,000₪1,995₪1,982₪1,958₪999₪1,000₪1,054
Retained earnings (deficit)−₪183.1M−₪166.9M−₪129.4M−₪70.5M−₪49.8M−₪24.3M−₪11.1M
Accumulated other comprehensive income₪10.1M₪10.9M₪10.2M₪7.1M₪2.5M₪676,409—
Total shareholders' equity₪83.1M₪96.7M₪131.1M₪183.7M₪153.6M₪2.9M₪4.0M
Key figures
Total debt₪1.6M₪3.2M₪5.7M₪6.9M₪1.0M₪1.1M₪2.1M
Net cash (debt)₪67.6M₪100.7M₪135.0M₪172.6M₪152.3M₪5.0M₪2.8M
Working capital₪71.1M₪117.9M₪152.2M₪192.0M₪158.5M₪5.4M₪4.3M
Tangible book value₪83.1M₪96.7M₪131.1M₪183.7M₪153.6M₪2.9M₪4.0M
Shares outstanding6.4M6.4M6.4M6.0M5.1M6.2M6.2M
Current ratio7.889.2811.6513.6124.642.885.27
Quick ratio7.177.639.9912.5223.672.235.26
Debt / equity0.020.030.040.040.010.370.54
Equity / assets81.6%68.3%73.5%79.4%92.0%32.1%62.5%

Quarterly columns are labeled by the month the quarter ended. Figures in Israeli shekels as reported (latest annual report filed March 30, 2026); data from EODHD.

PLSM financial position

At the end of fiscal 2025 (December 31, 2025), Pulsenmore had total assets of ₪101.8 million (down 28.0% from a year earlier), total liabilities of ₪18.8 million and shareholders' equity of ₪83.1 million. It held ₪69.1 million in cash and short-term investments against ₪1.6 million of debt, a net cash position of ₪67.6 million. Its current ratio was 7.88. In the latest quarter (ended June 30, 2026) total assets were ₪100.6 million and equity ₪48.7 million.

Related: PLSM income statement, PLSM cash flow statement, PLSM key metrics. See the PLSM stock overview for the latest quote and news.

PLSM balance sheet FAQ

What are Pulsenmore's total assets?

Pulsenmore reported total assets of ₪101.8 million at the end of fiscal 2025 (December 31, 2025), compared with ₪141.5 million a year earlier.

How much debt does Pulsenmore have?

Pulsenmore had ₪1.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.02.

How much cash does Pulsenmore have?

Pulsenmore held ₪69.1 million in cash and short-term investments at the end of fiscal 2025; with ₪1.6 million of debt that is net cash of ₪67.6 million.

What is Pulsenmore's book value?

Pulsenmore's shareholders' equity (book value) was ₪83.1 million at the end of fiscal 2025.

What is Pulsenmore's current ratio?

Pulsenmore had current assets of ₪81.4 million and current liabilities of ₪10.3 million, a current ratio of 7.88 (it can cover its short-term obligations).

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