The company's financial position has deteriorated significantly, with the debt-to-equity ratio surging to 3.54 as of 2025Q2.
| Total Current Assets | 46.45M | 54.61M | 46.52M | 35.95M | 5.43M | 10.76M |
| Cash & Short-Term Investments | 1.24M | 5.62M | 4.71M | 4.7M | 1.86M | 7.92M |
| Cash Only | 1.24M | 5.62M | 4.71M | 4.7M | 1.86M | 7.92M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 16.99M | 24.36M | 19.67M | 13.69M | 1.55M | 1.4M |
| Days Sales Outstanding | 78.83 | 85.88 | 92.07 | 101.92 | 77.32 | 108.09 |
| Inventory | 17.4M | 15.88M | 13.17M | 10.54M | 1.53M | 931K |
| Days Inventory Outstanding | 87.23 | 78.53 | 77.93 | 89.35 | 105.86 | 102.08 |
| Other Current Assets | 10.83M | 6.39M | 7.44M | 6.65M | 482K | 506K |
| Total Non-Current Assets | 90.35M | 83.64M | 81.42M | 73.59M | 16.58M | 11.77M |
| Property, Plant & Equipment | 41.83M | 37.98M | 32.91M | 26.44M | 8.12M | 5.81M |
| Fixed Asset Turnover | 2.49x | 2.73x | 2.37x | 1.85x | 0.90x | 0.82x |
| Goodwill | 22.85M | 20.28M | 21.55M | 20.78M | 0 | 0 |
| Intangible Assets | 19.43M | 19.32M | 23.91M | 21.87M | 337K | 575K |
| Long-Term Investments | 13.13M | 3.35M | 0 | 3.71M | 7.89M | 5.3M |
| Other Non-Current Assets | 3M | 2.71M | 3.06M | 784K | 244K | 78K |
| Total Assets | 136.81M | 138.25M | 127.94M | 109.54M | 22.01M | 22.53M |
| Asset Turnover | 0.70x | 0.75x | 0.61x | 0.45x | 0.33x | 0.21x |
| Asset Growth % | 15.51% | 8.05% | 16.8% | 397.73% | -2.32% | - |
| Total Current Liabilities | 70.87M | 56.73M | 64.89M | 51.23M | 18.1M | 8.76M |
| Accounts Payable | 24.44M | 18.13M | 13.99M | 11.73M | 2.47M | 1.54M |
| Days Payables Outstanding | 106.36 | 89.68 | 82.75 | 99.43 | 170.32 | 168.41 |
| Short-Term Debt | 17.84M | 16.54M | 28.46M | 20.75M | 6.84M | 4.25M |
| Deferred Revenue (Current) | 4.17M | 883K | 742K | 2.42M | 0 | 0 |
| Other Current Liabilities | 16M | 11.44M | 10.21M | 7.36M | 4.82M | 2.97M |
| Current Ratio | 0.66x | 0.96x | 0.72x | 0.70x | 0.30x | 1.23x |
| Quick Ratio | 0.41x | 0.68x | 0.51x | 0.50x | 0.21x | 1.12x |
| Cash Conversion Cycle | 59.69 | 74.73 | 87.25 | 91.84 | 12.87 | 41.76 |
| Total Non-Current Liabilities | 48.07M | 33.19M | 129.41M | 50.38M | 2.46M | 2.64M |
| Long-Term Debt | 35.18M | 21.91M | 94.63M | 33.41M | 525K | 1.11M |
| Capital Lease Obligations | 30.92M | 7.57M | 9.21M | 6.86M | 1.28M | 919K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5.26M | 3.71M | 25.57M | 10.11M | 658K | 607K |
| Total Liabilities | 118.95M | 89.92M | 194.3M | 101.61M | 20.56M | 11.39M |
| Total Debt | 63.28M | 48.37M | 135.04M | 63.44M | 9.3M | 6.28M |
| Net Debt | 62.05M | 42.76M | 130.33M | 58.75M | 7.44M | -1.64M |
| Debt / Equity | 3.54x | 1.00x | - | 8.00x | 6.44x | 0.56x |
| Debt / EBITDA | -2.39x | - | - | - | - | - |
| Net Debt / EBITDA | -2.35x | - | - | - | - | - |
| Interest Coverage | -3.76x | -3.61x | -4.86x | -9.07x | -81.52x | -45.17x |
| Total Equity | 17.86M | 48.33M | -66.35M | 7.93M | 1.45M | 11.14M |
| Equity Growth % | 471.15% | 172.84% | -936.75% | 448.79% | -87.03% | - |
| Book Value per Share | 0.95 | 2.58 | -3.48 | 0.42 | 0.08 | 0.58 |
| Total Shareholders' Equity | 17.86M | 48.33M | -66.35M | 7.93M | 1.45M | 11.14M |
| Common Stock | 865K | 865K | 320K | 164K | 163K | 163K |
| Retained Earnings | -246.53M | -225.01M | -171.83M | -92.56M | -54.66M | -37.44M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -13.41M | -2.91M | -515K | -1.74M | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and solvency risk
According to recent quarterly filings, Gauzy's equity base has eroded significantly, falling to $17.9M in 2025Q2 from a peak of $63.4M in 2024Q2, signaling a rapid deterioration in the company's net worth as persistent operating losses continue to consume the firm's remaining capital resources.
The consistent decline in equity, coupled with a ballooning debt load, suggests that the company is struggling to reach a self-sustaining scale. Investors should monitor whether the current trajectory necessitates further dilutive equity raises to prevent a total depletion of the remaining shareholder value.
As reported in financial statements, Gauzy's debt-to-equity ratio has surged to 3.54 in 2025Q2, reflecting a reliance on external financing that appears increasingly precarious given the company's inability to generate positive operating cash flow to service these mounting obligations.
The shift from a debt-to-equity ratio of 0.81 in 2024Q3 to 3.54 in 2025Q2 indicates that the company is leveraging its balance sheet to fund ongoing operations rather than strategic growth. This reliance on debt in a loss-making environment warrants significant caution regarding the company's long-term financial flexibility.
Based on Gauzy's reported figures, the company's cash position has dwindled to a mere $1.2M as of 2025Q2, while the current ratio has compressed to 0.66, indicating a severe lack of liquidity to cover near-term liabilities and ongoing operational requirements.
A current ratio below 1.0 suggests that the company may face difficulty meeting its short-term obligations without immediate capital intervention. This liquidity profile appears highly vulnerable, leaving little room for error in managing working capital or unexpected operational disruptions.
Data from recent filings shows that goodwill accounts for $22.9M of the $136.8M total assets as of 2025Q2, representing a significant portion of the balance sheet that may be subject to impairment if the company fails to achieve its projected commercial scaling targets.
The concentration of intangible assets relative to the shrinking equity base suggests that the company's book value is heavily reliant on past acquisitions. If the underlying business segments do not meet performance expectations, these assets may require write-downs, further pressuring the already strained capital position.
As evidenced by the reported $246.5M accumulated deficit in 2025Q2, the company's historical inability to generate profitable returns on invested capital remains the most significant non-obvious risk, potentially rendering headline asset values misleading in the context of ongoing cash burn.
The massive accumulated deficit highlights a long-term trend of value destruction that is not fully captured by looking at current assets alone. Investors should consider that the company's reliance on external funding is a structural necessity rather than a strategic choice, which may limit future upside potential.
Quick answers to the most common questions about buying GAUZ stock.
As of 2024, Gauzy Ltd. Ordinary Shares (GAUZ) had total assets of $138.2M including $54.6M in current assets.
Gauzy Ltd. Ordinary Shares (GAUZ) carries total debt of $48.4M, offset by $5.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Gauzy Ltd. Ordinary Shares (GAUZ) has total shareholders' equity (book value) of $48.3M ($2.58 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Gauzy Ltd. Ordinary Shares (GAUZ) reported a current ratio of 0.96x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.