TurboGen Ltd. (TRBG) Balance Sheet
TRBG balance sheet, 2025
December 31, 2025 · Israeli shekels₪22.3M assets = ₪40.4M liabilities + −₪18.0M equity
Liabilities exceed assets: shareholders’ equity is negative (−₪18.0M).
Both columns are drawn to the same scale: what TRBG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TRBG financial health
Descriptive bands, not a rating. Fiscal 2025.
TRBG balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | ₪10.6M2022 | ₪22.3M2025 | +28.3%/yr | |
| Total liabilities | ₪17.0M2022 | ₪40.4M2025 | +33.5%/yr | |
| Shareholders’ equity | −₪6.4M2022 | −₪18.0M2025 | — | |
| Cash & short-term investments | ₪6.8M2022 | ₪12.6M2025 | +22.8%/yr | |
| Working capital | −₪4.5M2022 | −₪10.8M2025 | −₪6.3M | |
| Current ratio | 0.622022 | 0.652025 | +0.03 | |
| Shares outstanding | 13.8M2022 | 21.2M2025 | +15.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TRBG assets
TRBG liabilities and equity
TRBG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TRBG balance sheet in Israeli shekels
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | ₪12.6M | ₪1.2M | ₪1.7M | ₪6.8M |
| Cash & equivalents | ₪12.6M | ₪1.2M | ₪1.7M | ₪6.8M |
| Receivables | ₪782,000 | ₪150,000 | ₪126,000 | ₪261,000 |
| Inventory | ₪0 | ₪0 | ₪0 | ₪0 |
| Other current assets | ₪6.3M | ₪90,000 | ₪451,000 | ₪175,000 |
| Total current assets | ₪19.6M | ₪1.5M | ₪2.2M | ₪7.2M |
| Property, plant & equipment (net) | ₪860,000 | ₪1.5M | ₪631,000 | ₪1.6M |
| Goodwill & intangible assets | ₪0 | ₪0 | ₪0 | ₪0 |
| Long-term investments | ₪0 | ₪0 | ₪0 | ₪0 |
| Other non-current assets | ₪1.9M | ₪1.8M | ₪1.4M | ₪1.8M |
| Total assets | ₪22.3M | ₪4.7M | ₪4.3M | ₪10.6M |
| Liabilities | ||||
| Accounts payable | ₪557,000 | ₪374,000 | ₪1.2M | ₪1.6M |
| Total current liabilities | ₪30.4M | ₪22.1M | ₪19.1M | ₪11.7M |
| Long-term debt | ₪0 | ₪0 | ₪370,000 | ₪0 |
| Lease obligations | ₪750,000 | ₪1.2M | ₪181,000 | ₪847,000 |
| Other long-term liabilities | ₪10.0M | ₪10.2M | ₪5.1M | ₪5.2M |
| Total liabilities | ₪40.4M | ₪32.3M | ₪24.6M | ₪17.0M |
| Shareholders' equity | ||||
| Retained earnings (deficit) | −₪173.2M | −₪99.6M | −₪78.5M | −₪59.7M |
| Total shareholders' equity | −₪18.0M | −₪27.5M | −₪20.3M | −₪6.4M |
| Key figures | ||||
| Total debt | — | — | ₪370,000 | — |
| Net cash (debt) | — | — | ₪1.3M | — |
| Working capital | −₪10.8M | −₪20.6M | −₪16.9M | −₪4.5M |
| Tangible book value | −₪18.0M | −₪27.5M | −₪20.3M | −₪6.4M |
| Shares outstanding | 21.2M | 14.7M | 13.8M | 13.8M |
| Current ratio | 0.65 | 0.07 | 0.12 | 0.62 |
| Quick ratio | 0.44 | 0.06 | 0.09 | 0.60 |
| Equity / assets | −80.7% | −581.3% | −474.0% | −60.3% |
| Dec '25 | Jun '25 | Dec '24 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | ₪12.6M | ₪11.3M | ₪1.2M |
| Cash & equivalents | ₪12.6M | ₪11.3M | ₪1.2M |
| Receivables | ₪782,000 | ₪0 | ₪150,000 |
| Inventory | ₪0 | ₪0 | ₪0 |
| Other current assets | ₪6.3M | ₪915,000 | ₪90,000 |
| Total current assets | ₪19.6M | ₪12.3M | ₪1.5M |
| Property, plant & equipment (net) | ₪860,000 | ₪1.2M | ₪1.5M |
| Goodwill & intangible assets | ₪0 | ₪0 | ₪0 |
| Long-term investments | ₪0 | ₪0 | ₪0 |
| Other non-current assets | ₪1.9M | ₪1.8M | ₪1.8M |
| Total assets | ₪22.3M | ₪15.3M | ₪4.7M |
| Liabilities | |||
| Accounts payable | ₪557,000 | ₪440,000 | ₪374,000 |
| Total current liabilities | ₪30.4M | ₪19.5M | ₪22.1M |
| Long-term debt | ₪0 | ₪0 | ₪0 |
| Lease obligations | ₪750,000 | ₪965,000 | ₪1.2M |
| Other long-term liabilities | ₪10.0M | ₪9.4M | ₪10.2M |
| Total liabilities | ₪40.4M | ₪28.9M | ₪32.3M |
| Shareholders' equity | |||
| Retained earnings (deficit) | −₪173.2M | −₪125.3M | −₪99.6M |
| Total shareholders' equity | −₪18.0M | −₪13.6M | −₪27.5M |
| Key figures | |||
| Working capital | −₪10.8M | −₪7.2M | −₪20.6M |
| Tangible book value | −₪18.0M | −₪13.6M | −₪27.5M |
| Shares outstanding | 21.2M | 18.9M | 14.7M |
| Current ratio | 0.65 | 0.63 | 0.07 |
| Quick ratio | 0.44 | 0.58 | 0.06 |
| Equity / assets | −80.7% | −88.9% | −581.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in Israeli shekels as reported (latest annual report filed —); data from EODHD.
TRBG financial position
At the end of fiscal 2025 (December 31, 2025), TurboGen had total assets of ₪22.3 million (up 371.6% from a year earlier), total liabilities of ₪40.4 million and shareholders' equity of -₪18.0 million. Its current ratio was 0.65.
Related: TRBG income statement, TRBG cash flow statement, TRBG key metrics. See the TRBG stock overview for the latest quote and news.
TRBG balance sheet FAQ
What are TurboGen's total assets?
TurboGen reported total assets of ₪22.3 million at the end of fiscal 2025 (December 31, 2025), compared with ₪4.7 million a year earlier.
How much cash does TurboGen have?
TurboGen held ₪12.6 million in cash and short-term investments at the end of fiscal 2025.
What is TurboGen's book value?
TurboGen's shareholders' equity (book value) was -₪18.0 million at the end of fiscal 2025.
What is TurboGen's current ratio?
TurboGen had current assets of ₪19.6 million and current liabilities of ₪30.4 million, a current ratio of 0.65 (current liabilities exceed current assets).