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Sol-Gel Technologies Ltd. Balance Sheet 2025-2011 | SLGL
Brief overview of Sol-Gel Technologies Ltd.'s balance sheet structure
This overview follows the five latest available annual observations between 2021 and 2025.
The asset base decreased -56.8%, from $69.2 million to $29.9 million. Resources became smaller over the five periods.
Asset growth of -56.8% came with a -47.7% rise in liabilities. Financial leverage became more prominent.
The equity-to-assets ratio is 76.2%, compared with 80.4% five periods ago. The balance sheet has a substantial internal cushion.
The period ended with net cash: net debt stood at -$10 million. This supports financial flexibility.
The cash reserve occupies 36.9% of the balance sheet, previously 29%. It is one marker of short-term resilience.
Retained earnings are negative at -$237 million. This reduces the formal capital cushion, although large shareholder returns may have contributed.
Balance sheet takeaway
Sol-Gel Technologies Ltd.'s balance sheet sends more positive than negative signals, but liabilities should not begin outpacing the capital base.
Annual Balance Sheet Sol-Gel Technologies Ltd.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-10 M | -18.2 M | -5.86 M | -11.7 M | -18.5 M | - | - | - | - | 30.3 M | 11.4 M | - | - | - | - |
Long Term Debt |
496 K | 878 K | 1.21 M | 54 K | 810 K | - | - | - | - | - | - | - | - | - | - |
Long Term Debt Current |
495 K | 430 K | 447 K | 718 K | 781 K | 673 K | 672 K | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
935 K | 1.71 M | 2.12 M | 1.09 M | 1.9 M | 2.35 M | 2.33 M | 878 K | 810 K | 694 K | 626 K | - | - | - | - |
Total Current Liabilities |
6.17 M | 5.28 M | 4.52 M | 3.33 M | 11.7 M | 5.96 M | 6.5 M | 4.9 M | 67.2 M | - | - | - | - | - | - |
Total Liabilities |
7.11 M | 7 M | 6.64 M | 4.42 M | 13.6 M | 8.31 M | 8.84 M | 5.77 M | 68 M | 42.3 M | 19.8 M | - | - | - | - |
Retained Earnings |
-237 M | -231 M | -220 M | -193 M | -178 M | -181 M | -152 M | -127 M | -95.3 M | -63.7 M | -42.9 M | - | - | - | - |
Total Assets |
29.9 M | 35.8 M | 45.3 M | 46.6 M | 69.2 M | 59.2 M | 61.3 M | 69.7 M | 15.3 M | 11 M | 8.24 M | - | - | - | - |
Cash and Cash Equivalents |
11 M | 19.5 M | 7.51 M | 12.4 M | 20.1 M | 7.12 M | 9.41 M | 5.32 M | 5.02 M | 7 M | - | - | - | - | - |
Book Value |
22.8 M | 28.8 M | 38.6 M | 42.2 M | 55.6 M | 50.8 M | 52.5 M | 63.9 M | -52.7 M | -31.3 M | -11.5 M | - | - | - | - |
Total Shareholders Equity |
22.8 M | 28.8 M | 38.6 M | 42.2 M | 55.6 M | 50.8 M | 52.5 M | 63.9 M | -52.7 M | -31.3 M | -11.5 M | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet Sol-Gel Technologies Ltd.
| 2025-Q4 | 2025-Q2 | 2024-Q4 | 2024-Q2 | 2023-Q4 | 2023-Q2 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
496 K | 700 K | 878 K | 1.02 M | 1.21 M | 136 K | - | - | - | - | 810 K | - | 958 K | - | 1.3 M | - | 1.23 M | - | 1.37 M | - | 323 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
935 K | 2.47 M | 1.71 M | 1.9 M | 2.12 M | 1.14 M | - | - | - | - | 1.9 M | - | 2 M | - | 2.35 M | - | 2.2 M | - | 2.33 M | - | 1.28 M | - | 878 K | - | - | - | 810 K | - | - | - | 694 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
7.11 M | 7.42 M | 7 M | 7.1 M | 6.64 M | 6.81 M | - | - | - | - | 13.6 M | - | 7.16 M | - | 8.31 M | - | 9.11 M | - | 8.84 M | - | 8.64 M | - | 5.77 M | - | - | - | 68 M | - | - | - | 42.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-237 M | -228 M | -231 M | -225 M | -220 M | -210 M | - | - | - | - | -178 M | - | -193 M | - | -181 M | - | -166 M | - | -152 M | - | -138 M | - | -127 M | - | - | - | -95.3 M | - | - | - | -63.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
29.9 M | 39.3 M | 35.8 M | 42 M | 45.3 M | 55.1 M | - | - | - | - | 69.2 M | - | 46.4 M | - | 59.2 M | - | 74.6 M | - | 61.3 M | - | 63.4 M | - | 69.7 M | - | - | - | 15.3 M | - | - | - | 11 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
11 M | 10.2 M | 19.5 M | 11.5 M | 7.51 M | 15.6 M | - | - | - | - | 20.1 M | - | 11.2 M | - | 7.12 M | - | 5.44 M | - | 9.41 M | - | 14.4 M | - | 5.32 M | - | 18.2 M | - | 5.02 M | - | - | - | 7 M | - | - | - | 5.9 M | - | - | - | 594 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
22.8 M | 31.9 M | 28.8 M | 34.9 M | 38.6 M | 48.3 M | - | - | - | - | 55.6 M | - | 39.2 M | - | 50.8 M | - | 65.5 M | - | 52.5 M | - | 54.7 M | - | 63.9 M | - | - | - | -52.7 M | - | - | - | -31.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
22.8 M | 31.9 M | 28.8 M | 34.9 M | 38.6 M | 48.3 M | - | - | - | - | 55.6 M | - | 39.2 M | 47.1 M | 50.8 M | - | 65.5 M | 67.1 M | 52.5 M | - | 54.7 M | - | 63.9 M | - | 81.5 M | - | -52.7 M | - | - | - | -31.3 M | - | - | - | -11.5 M | - | - | - | -2.99 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Sol-Gel Technologies Ltd., providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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