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CRNTCeragon Networks Ltd.
$2.47$222M
Overview & Verdict
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HomeStocksCRNTBalance Sheet

Ceragon Networks Ltd. (CRNT) Balance Sheet

27Y historyFree accessUpdated daily

The company maintains a stable financial position with a conservative debt-to-equity ratio of 0.20 and a current ratio of 1.90, providing a necessary buffer against cyclical revenue risks.

CRNT Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07Dec'06Dec'05Dec'04Dec'03Dec'02Dec'01Dec'00Dec'99
Total Current Assets213.84M225.2M261.04M217.94M210.75M203.48M199.87M215.63M225.19M210.81M209.22M229.21M293.25M285.16M309.69M328.43M241.92M230.58M191.97M179.23M83.78M56.25M56.77M41.77M40.94M65.32M120.52M6.41M
Cash & Short-Term Investments39.16M38.37M35.31M28.24M22.95M17.08M27.1M23.94M36.1M25.88M36.34M36.32M42.37M48.35M47.52M45.81M68.44M85.25M30.41M91.05M22.11M19.89M26.31M22.72M27.28M33.16M70.06M1.15M
Cash Only39.16M38.37M35.31M28.24M22.95M17.08M27.1M23.94M35.58M25.88M36.34M36.32M41.42M42.41M47.1M28.99M37.73M38.34M28.22M58.65M10.17M10.31M11.23M7.31M4.69M6.42M70.06M1.15M
Short-Term Investments00000000515K000948K5.95M422K16.82M30.72M46.91M2.19M32.4M11.94M9.57M15.07M15.42M22.6M26.74M00
Accounts Receivable94.42M99.67M153.06M113.85M109.29M117.68M114.23M125.2M131.58M124.92M115.45M125.08M177.4M150.01M168.09M161.04M88.07M71.27M74.77M46.97M33.15M19.44M10.46M7.48M5.23M4.41M18M2.54M
Days Sales Outstanding117.13107.4141.72119.7135.14147.73158.61160.01139.67137.32143.51130.65174.48151.35137.36132.01128.66141.2125.61105.91111.5996.1669.6679.3103.7464.83225.09203.59
Inventory56.46M61.59M59.69M68.81M72.01M61.4M50.63M62.13M53.51M54.16M45.65M49.69M61.83M64.24M65.55M93.47M65.92M65.92M40.11M36.76M27.31M16.14M19.08M11.1M8.05M7.38M22.19M2.72M
Days Inventory Outstanding98.13100.2884.67110.49130.04110.7398.69120.1685.7787.9885.6773.5879.5693.9677.6105.56149.94194.85101.25129.77123.41112.27216.37196.29229.8359.461.3K312.45
Other Current Assets23.8M25.58M11.35M6.08M6.09M7.07M7.68M4.01M10.94M16.56M16.88M21.6M22.68M33.8M8.59M8.62M4.06M3.46M4.08M00000019.81M10.26M0
Total Non-Current Assets93.51M91.84M83.96M80.58M78.57M89.08M72.55M74.25M57.81M42.78M35M38.42M48.63M80.81M84.62M82.73M45.26M38.8M53.27M38.41M12.57M17.74M16.35M20.65M20.7M6.77M7.54M1.53M
Property, Plant & Equipment57.57M56.51M53.47M49.5M47.42M49.62M38.53M44.99M33.61M29.87M27.56M28.91M33.14M35.24M33.64M30.46M16.21M11.81M8.89M4.45M2.66M2.46M2.52M2.67M3.62M5.09M7.01M1.29M
Fixed Asset Turnover5.97x5.99x7.37x7.01x6.22x5.86x6.82x6.35x10.23x11.12x10.65x12.09x11.20x10.26x13.28x14.62x15.41x15.60x24.44x36.40x40.76x29.94x21.79x12.91x5.09x4.88x4.16x3.53x
Goodwill11.01M34.19M7.75M7.75M00000000014.94M15.28M14.59M1.09M00000000000
Intangible Assets23.87M016.79M16.4M8.21M6.27M6.12M7.9M6.58M2.2M1.54M3.19M5.07M7.21M9.81M13.44M000000000000
Long-Term Investments00000017K17K504K996K4.58M4.68M5.67M3.98M4.07M10.08M19.13M13.07M44.38M31M7M13M000000
Other Non-Current Assets1.07M1.14M5.95M6.94M22.95M33.19M19.61M13.24M9.64M8.73M1.31M1.46M4.51M12.89M12.13M5.26M04.97M4.07M2.96M2.91M2.28M13.83M17.99M17.09M1.68M521K237K
Total Assets307.35M317.04M345M298.52M289.32M292.56M272.42M289.89M283M253.59M244.22M267.63M341.87M365.97M394.31M411.16M287.18M269.37M245.24M217.64M96.35M73.99M73.11M62.43M61.64M72.09M128.05M7.94M
Asset Turnover1.05x1.07x1.14x1.16x1.02x0.99x0.96x0.99x1.22x1.31x1.20x1.31x1.09x0.99x1.13x1.08x0.87x0.68x0.89x0.74x1.13x1.00x0.75x0.55x0.30x0.34x0.23x0.57x
Asset Growth %-6.46%-8.1%15.57%3.18%-1.11%7.39%-6.03%2.43%11.6%3.84%-8.75%-21.72%-6.58%-7.19%-4.1%43.17%6.61%9.84%12.68%125.88%30.22%1.21%17.11%1.28%-14.49%-43.7%1513.13%-
Total Current Liabilities112.51M120.23M151.45M132.95M132.84M115.68M100.42M104.37M110.02M105.45M110.51M145.2M205.5M178.4M180.67M173.44M74.41M81.29M55.67M46.81M36.51M21.38M17.94M11.29M10.55M9.96M15.96M3.05M
Accounts Payable65.58M70.78M91.16M67.03M67.38M69.44M63.72M59.63M78.89M75.48M68.41M73.64M101.75M77.98M102.08M77.39M40.54M52.9M40.73M25.17M22.15M12.38M9.35M5.66M5.74M5.04M12.46M1.85M
Days Payables Outstanding116.13115.25129.29107.64121.69125.22124.22115.33126.46122.6128.39109.04130.94114.06120.8387.4192.2156.35102.8188.86100.0886.11105.99100.1163.9140.63731.11212.28
Short-Term Debt21.06M23M25.2M32.6M37.5M14.8M5.98M14.6M0017M34.92M48.83M46.92M25.23M8.23M000000000000
Deferred Revenue (Current)7.51M2.37M4.31M8.79M6.95M8.43M7.84M3.46M3.87M5.19M2.67M8.9M17.67M7.97M16.72M38.31M20.66M18.55M5.89M6.7M3.74M3.46M3.11M1.19M647K000
Other Current Liabilities23.17M24.07M12M6.56M2.82M2M1.55M1.56M4.2M10.44M11.33M15.7M25.86M32.44M22.89M6.66M13.21M9.85M8.04M6.17M9.23M1.99M1.73M2.55M1.93M3.07M1.7M1.2M
Current Ratio1.90x1.87x1.72x1.64x1.59x1.76x1.99x2.07x2.05x2.00x1.89x1.58x1.43x1.60x1.71x1.89x3.25x2.84x3.45x3.83x2.29x2.63x3.16x3.70x3.88x6.56x7.55x2.10x
Quick Ratio1.40x1.36x1.33x1.12x1.04x1.23x1.49x1.47x1.56x1.49x1.48x1.24x1.13x1.24x1.35x1.35x2.37x2.03x2.73x3.04x1.55x1.88x2.10x2.72x3.12x5.82x6.16x1.21x
Cash Conversion Cycle99.1392.4397.09122.55143.5133.23133.08164.8498.98102.7100.7995.19123.11131.2594.12150.16186.4179.7124.05146.82134.92122.32180.04175.49169.6683.67795.7303.76
Total Non-Current Liabilities23.35M24.06M27.22M31.55M36.7M39.73M25.87M25.1M13.41M14.24M17.55M19.61M31.82M52.5M69.77M76.66M8.6M7.17M6.65M9.94M12.28M3.42M2.99M2.45M1.82M1.51M1.02M1.56M
Long-Term Debt013.33M00000000002.07M10.3M18.54M26.77M000000000001.17M
Capital Lease Obligations52.05M13.33M12.94M13.72M13.19M17.21M3.84M4.72M00000000000000000000
Deferred Tax Liabilities0000000028K141K228K185K00008.83M8.94M0000000000
Other Non-Current Liabilities10.84M-2.6M14.29M17.17M11.97M13.24M14.53M14.12M13.38M14.1M17.55M19.91M29.75M42.19M51.23M49.9M8.6M7.17M6.65M9.94M12.28M3.42M2.99M2.45M1.82M1.51M1.02M389K
Total Liabilities135.86M144.29M178.67M164.51M169.53M155.41M126.29M129.47M123.43M119.69M128.06M164.81M237.32M230.89M250.44M250.11M83.01M88.47M62.32M56.75M48.79M24.8M20.92M13.74M12.37M11.47M16.98M4.61M
Total Debt33.57M49.66M41.11M50.2M54.43M36.37M13M24.96M0017M34.92M50.9M57.23M43.77M35M000000000001.17M
Net Debt-5.6M11.29M5.8M21.97M31.48M19.29M-14.1M1.02M-35.58M-25.88M-19.34M-1.4M9.48M14.82M-3.33M6.01M-37.73M-38.34M-28.22M-58.65M-10.17M-10.31M-11.23M-7.31M-4.69M-6.42M-70.06M24K
Debt / Equity0.20x0.29x0.25x0.37x0.45x0.27x0.09x0.16x--0.15x0.34x0.49x0.42x0.30x0.22x-----------0.35x
Debt / EBITDA1.37x1.96x0.81x1.61x528.47x2.13x2.46x1.47x--0.58x1.03x----------------
Net Debt / EBITDA-0.23x0.45x0.11x0.70x305.67x1.13x-2.67x0.06x-1.05x-0.80x-0.65x-0.04x-----2.02x-6.46x-1.88x-4.41x---5.60x-----
Interest Coverage0.65x1.69x5.56x2.69x-2.44x0.17x-2.12x1.09x5.66x4.57x4.63x3.05x-8.10x-6.78x-4.76x-23.69x17.84x14.85x10.42x---------
Total Equity171.5M172.75M166.32M134.02M119.78M137.15M146.13M160.42M159.57M133.9M116.16M102.82M104.55M135.08M143.87M161.05M204.17M180.91M182.92M160.89M47.56M49.19M52.19M48.68M49.27M60.62M111.07M3.33M
Equity Growth %35.76%3.86%24.11%11.88%-12.66%-6.14%-8.91%0.53%19.17%15.27%12.98%-1.66%-22.6%-6.11%-10.67%-21.12%12.86%-1.1%13.69%238.29%-3.31%-5.74%7.2%-1.18%-18.73%-45.42%3235.38%-
Book Value per Share1.891.921.881.571.421.641.802.001.971.671.481.331.673.513.954.485.585.054.775.021.691.931.872.112.202.875.380.43
Total Shareholders' Equity171.5M172.75M166.32M134.02M119.78M137.15M146.13M160.42M159.57M133.9M116.16M102.82M104.55M135.08M143.87M161.05M204.17M180.91M182.92M160.89M47.56M49.19M52.19M48.68M49.27M60.62M111.07M3.33M
Common Stock234K234K224K224K224K224K218K215K214K214K214K214K212K141K98K97K95K92K91K91K68K65K64K61K56K56K52K16K
Retained Earnings-254.56M-253.22M-251.13M-275.19M-281.41M-261.72M-246.89M-229.1M-226.75M-249.87M-265.43M-276.86M-277.87M-201.39M-153.91M-130.52M-76.87M-90.93M-94.59M-120.56M-133.7M-128.24M-124.41M-126.03M-118.3M-103.94M-47.1M-11.9M
Treasury Stock-20.09M-20.09M-20.09M-20.09M-20.09M-20.09M-20.09M-20.09M-20.09M-20.09M-20.09M-20.09M-20.09M-20.09M-20.09M-20.09M-20.09M-20.09M-7.92M000000000
Accumulated OCI-9.71M-8.82M-10.06M-8.09M-11.16M-9.51M-8.07M-8.67M-9.21M-7.17M-7.85M-8.62M-4.11M-1.57M-332K-343K159K100K193K280K64K25K-11K-395K-1.77M-4.85M-12.23M-10.27M
Minority Interest0000000000000000000000000000

Key Metrics

Growth RegimeContracting
ProfitabilityStrained
Balance SheetHealthy
Cash FlowMixed
Top Statement Risk

Cyclical Project Revenue Exposure

Balance Sheet Stability Amid Contraction

As reported in recent financial statements, Ceragon has maintained a stable equity base of approximately $171.5 million as of 2026Q1, despite the broader revenue contraction, suggesting that management has successfully avoided significant balance sheet erosion during this period of cyclical volatility in the wireless backhaul market.

The company's ability to preserve its equity position despite recent net losses indicates a disciplined approach to capital preservation. Investors should monitor whether this stability can persist if the current revenue decline continues to pressure operating margins.

Conservative Leverage Supports Financial Flexibility

Based on the latest quarterly data, Ceragon maintains a conservative capital structure with a debt-to-equity ratio of 0.20, reflecting a significant reduction from the 0.37 level observed in 2023Q4, which provides the firm with a necessary buffer against its inherent cyclical revenue risks.

This low leverage profile suggests that the company is not burdened by excessive interest obligations, which is critical given the current thin operating margins. The reduction in debt appears to be a strategic move to de-risk the balance sheet during a period of uncertain telecom infrastructure spending.

Adequate Liquidity Buffers Operational Volatility

According to recent SEC filings, Ceragon's current ratio stands at 1.90 as of 2026Q1, demonstrating a consistent ability to cover short-term obligations despite the lumpy nature of project-based revenue and the associated fluctuations in working capital requirements that often characterize the wireless transport equipment industry.

The liquidity position appears sufficient to navigate near-term operational challenges, though the reliance on inventory and receivables management remains a key factor. The company's cash position, while fluctuating, provides enough runway to support ongoing R&D initiatives without immediate recourse to external financing.

Goodwill Impairment and Asset Quality

As indicated by the balance sheet, the recent spike in goodwill to $34.2 million in 2025Q4 before returning to $11.0 million in 2026Q1 warrants further investigation, as such volatility may suggest potential accounting adjustments or shifts in the valuation of acquired intangible assets within the portfolio.

Investors should be cautious regarding the quality of these intangible assets, as they may be subject to future impairment if the company's growth trajectory does not improve. The fluctuation in goodwill highlights the potential for non-cash charges to impact the reported equity base in future periods.

CRNT — Frequently Asked Questions

Quick answers to the most common questions about buying CRNT stock.

What are the total assets of Ceragon Networks Ltd. (CRNT)?

As of 2025, Ceragon Networks Ltd. (CRNT) had total assets of $317.0M including $225.2M in current assets.

How much debt does Ceragon Networks Ltd. (CRNT) have?

Ceragon Networks Ltd. (CRNT) carries total debt of $49.7M, offset by $38.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Ceragon Networks Ltd.?

Ceragon Networks Ltd. (CRNT) has total shareholders' equity (book value) of $172.8M ($1.92 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Ceragon Networks Ltd.'s current ratio and liquidity?

Ceragon Networks Ltd. (CRNT) reported a current ratio of 1.87x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.