The capital structure is severely impaired, with total liabilities of $17.8 million significantly exceeding total assets of $9.9 million as of 2025Q3.
| Metric | TTM | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|
| Total Current Assets | 9.9M | 82.63M | 154.52M | 8.3K | 4.94K | 37.42M | 46.55M | 39.69M | 38.27M | 25.4M | 28.34M | 17.39M | 13.08M | 18.89M | 18.88M | 21.99M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 9.76M | 82.6M | 153.7M | 0 | 0 | 3.79M | 3.25M | 2.77M | 2.77M | 5.28M | 9.01M | 4.79M | -144K | -8.97M | 3.83M | 11.63M |
| Total Non-Current Assets | 0 | 0 | 0 | 655.17K | 34.4K | 74.19M | 62.25M | 101.59M | 108.68M | 133.46M | 129.57M | 136.57M | 138.83M | 152.98M | 157.44M | 181.38M |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 54.24M | 52.13M | 55.5M | 65.59M | 115.93M | 120.42M | 132.61M | 232.62M | 223.04M | 220.81M | 220.4M |
| Fixed Asset Turnover | - | - | - | - | - | 1.50x | 1.27x | 0.99x | 1.14x | 0.81x | 0.57x | 0.38x | 0.20x | 0.19x | 0.14x | 0.24x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 388K | 0 | 0 | 0 | 0 | 0 | 0 | 4.55M | 16.1M | 4.71M | 1.8M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 9.9M | 82.63M | 154.52M | 663.47K | 39.34K | 111.61M | 108.8M | 141.27M | 146.96M | 158.86M | 157.91M | 153.96M | 151.91M | 171.88M | 176.32M | 203.37M |
| Asset Turnover | 0.00x | - | - | - | - | 0.73x | 0.61x | 0.39x | 0.51x | 0.59x | 0.43x | 0.33x | 0.30x | 0.25x | 0.18x | 0.26x |
| Asset Growth % | -310.45% | -46.52% | 23189.42% | 1586.59% | -99.96% | 2.59% | -22.99% | -3.87% | -7.5% | 0.6% | 2.57% | 1.35% | -11.62% | -2.52% | -13.3% | - |
| Total Current Liabilities | 8.03M | 6.88M | 5.67M | 715.47K | 44.4K | 40.61M | 33.58M | 22.97M | 25.26M | 48.07M | 30.57M | 35.73M | 55.7M | 34.51M | 27.5M | 39.05M |
| Accounts Payable | 171.69K | 305.84K | 91.14K | 0 | 0 | 13.98M | 13.52M | 11.84M | 13.12M | 20.29M | 13.91M | 13.21M | 9.36M | 9.32M | 9.8M | 7.71M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 1.85M | 825K | 0 | 237.23K | 10K | 3.84M | 60K | 90K | 63K | 1.28M | 601K | 0 | 0 | 335K | 336K | 1.54M |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 5.62M | 5.53M | 5.41M | 406.58K | 0 | 22.8M | 20M | 11.04M | 11.65M | 26.49M | 16.07M | 22.52M | 46.34M | 24.85M | 17.37M | 29.79M |
| Current Ratio | 1.23x | 12.01x | 27.26x | 0.01x | 0.11x | 0.92x | 1.39x | 1.73x | 1.52x | 0.53x | 0.93x | 0.49x | 0.23x | 0.55x | 0.69x | 0.56x |
| Quick Ratio | 1.23x | 12.01x | 27.26x | 0.01x | 0.11x | 0.92x | 1.39x | 1.73x | 1.52x | 0.53x | 0.93x | 0.49x | 0.23x | 0.55x | 0.69x | 0.56x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 9.76M | 82.6M | 0 | 0 | 0 | 56.19M | 77.37M | 95.44M | 104.25M | 77.46M | 101.51M | 85.67M | 26.61M | 28.3M | 27.74M | 23.45M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 56.19M | 77.37M | 95.44M | 104.25M | 72.63M | 96.03M | 81.5M | 9.36M | 9.32M | 9.8M | 7.71M |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 17.79M | 89.49M | 5.67M | 715.47K | 44.4K | 110.93M | 126.05M | 134.22M | 146.65M | 141.24M | 146.04M | 135.37M | 151.91M | -6.21M | 239K | -15.61M |
| Total Debt | 1.85M | 825K | 0 | 237.23K | 10K | 60.03M | 77.43M | 95.53M | 104.31M | 73.91M | 96.64M | 81.5M | 9.36M | 9.65M | 10.13M | 9.26M |
| Net Debt | 1.78M | 803.74K | -671.63K | 228.93K | 10K | 46.17M | 47.42M | 69.44M | 82.24M | 71.89M | 92.49M | 80.89M | 7.24M | 3.99M | 7.23M | 6.12M |
| Debt / Equity | -0.23x | - | - | - | - | 88.28x | - | 13.54x | 335.42x | 4.19x | 8.14x | 4.39x | 0.50x | 0.52x | 0.74x | 0.37x |
| Debt / EBITDA | 8.10x | 0.29x | - | - | - | 1.65x | 2.39x | 4.14x | - | 2.88x | 11.52x | 3.65x | 0.28x | 1.04x | - | 0.28x |
| Net Debt / EBITDA | 7.82x | 0.28x | -0.11x | - | - | 1.27x | 1.46x | 3.01x | - | 2.81x | 11.02x | 3.63x | 0.22x | 0.43x | - | 0.19x |
| Interest Coverage | - | - | - | - | - | -0.49x | -4.40x | 2.01x | -2.95x | 2.18x | 0.03x | 1.56x | 2.46x | - | - | -0.63x |
| Total Equity | -7.89M | -6.85M | 148.85M | -52K | -5.06K | 680K | -17.25M | 7.06M | 311K | 17.62M | 11.87M | 18.58M | 18.54M | 18.54M | 13.73M | 25.03M |
| Equity Growth % | -177.14% | -104.6% | 286350.44% | -927.87% | -100.74% | 103.94% | -344.53% | 2168.81% | -98.24% | 48.4% | -36.11% | 0.22% | 0.03% | 34.98% | -45.14% | - |
| Book Value per Share | -9.89 | -0.92 | 25.70 | -0.01 | -0.00 | 0.25 | -6.35 | 2.60 | 0.11 | 6.48 | 4.37 | 6.84 | 6.82 | 6.82 | 5.05 | 9.21 |
| Total Shareholders' Equity | -7.89M | -6.85M | 148.85M | -52K | -5.06K | 680K | -17.25M | 7.06M | 311K | 17.62M | 11.87M | 18.58M | 18.54M | 18.54M | 13.73M | 25.03M |
| Common Stock | 555 | 555 | 153.7M | 479 | 0 | 27K | 27K | 27K | 27K | 27K | 27K | 27K | 27K | 27K | 27K | 27K |
| Retained Earnings | -7.89M | -6.85M | -4.85M | -77K | -5.06K | -23.04M | -40.97M | -16.66M | -23.41M | -6.09M | -11.26M | -4.55M | 0 | -14.15M | -11.36M | 2.22M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.25M | 9.63M | 2.04M | -240K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent Liquidation Deadline
As reported in quarterly financial statements, ISRL's total assets plummeted from $154.5 million in 2023Q4 to $9.9 million by 2025Q3, signaling a severe contraction in the entity's capital base as redemption pressures and operational outflows continue to deplete the trust account and available liquidity.
The dramatic decline in total assets reflects the systematic exit of shareholders, which fundamentally undermines the entity's ability to serve as a viable acquisition vehicle. This trajectory suggests that the company is rapidly losing the scale necessary to execute a meaningful business combination, potentially forcing a liquidation event.
Based on recent balance sheet data, the company's cash position has dwindled to $63.8K as of 2025Q3, a figure that appears insufficient to sustain the administrative and legal costs required to maintain a public listing while simultaneously navigating the complexities of a pending merger transaction.
The current liquidity level indicates a precarious reliance on external sponsor support to cover ongoing expenses. Investors should monitor whether this cash scarcity necessitates a dilutive capital raise or if it serves as a precursor to an immediate cessation of operations.
According to the latest filings, ISRL's equity has deteriorated into a negative position of $7.9 million, a trend that has persisted since 2024Q4 and highlights the erosion of shareholder value as accumulated losses continue to outpace the entity's ability to generate any form of offsetting income.
This negative equity position is a clear indicator of the financial distress inherent in a shell company that has failed to secure a target within its intended timeframe. The persistent deficit suggests that the capital structure is effectively insolvent, placing the burden of recovery entirely on the success of a future, yet-to-be-identified, merger.
As noted in the 2025Q3 balance sheet, total liabilities of $17.8 million significantly exceed total assets, a distortion that warrants further investigation into the nature of these obligations, particularly regarding potential sponsor loans that may carry conversion features or senior repayment rights over public shareholders.
The presence of substantial liabilities relative to the shrinking asset base suggests that the entity's capital structure is heavily skewed toward debt-like instruments. This composition may prioritize sponsor recovery in a liquidation scenario, leaving common shareholders with limited recourse should the entity fail to complete a business combination.
Quick answers to the most common questions about buying ISRL stock.
As of 2024, Israel Acquisitions Corp (ISRL) had total assets of $82.6M including $82.6M in current assets.
Israel Acquisitions Corp (ISRL) carries total debt of $0.8M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Israel Acquisitions Corp (ISRL) has total shareholders' equity (book value) of $-6.9M ($-0.92 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Israel Acquisitions Corp (ISRL) reported a current ratio of 12.01x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.