The company maintains a fortress balance sheet characterized by a negligible debt-to-equity ratio of 0.02 and a substantial cash position of $108.0 million as of 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 |
|---|
| Total Current Assets | 248.95M | 237.64M | 194.56M | 178.54M | 150.65M | 162.73M | 179.44M | 174.15M | 188.91M | 137.11M | 111.19M | 91.7M | 103.22M | 108.86M | 85.79M | 87.02M | 105.85M | 109.22M | 91.74M | 162.85M | 106.84M | 90M | 32.66M | 27.48M |
| Cash & Short-Term Investments | 107.97M | 107.55M | 77.37M | 53.55M | 28.17M | 54.71M | 78.85M | 54.32M | 53.3M | 40.47M | 31.48M | 29.05M | 40.78M | 41.7M | 29.45M | 35.34M | 53.42M | 65.03M | 55.67M | 38.23M | 59.85M | 58.43M | 4.6M | 3.92M |
| Cash Only | 107.97M | 107.55M | 77.36M | 53.43M | 27.85M | 50.31M | 72.18M | 53.96M | 51.4M | 36.91M | 31.09M | 27.02M | 38.42M | 41.7M | 29.45M | 35.27M | 46.67M | 60.81M | 25.51M | 28.67M | 43.81M | 58.43M | 4.6M | 3.92M |
| Short-Term Investments | 3K | 3K | 10K | 119K | 316K | 4.41M | 6.66M | 358K | 1.9M | 3.56M | 398K | 2.04M | 2.36M | 0 | 0 | 68K | 6.75M | 4.21M | 30.16M | 9.56M | 16.03M | 0 | 0 | 0 |
| Accounts Receivable | 68.1M | 58.52M | 47.69M | 45.39M | 45.82M | 43.92M | 39.34M | 45.09M | 54.26M | 41.01M | 33.87M | 27.44M | 27.96M | 29.24M | 26.19M | 25.64M | 31.16M | 28.7M | 26.83M | 107.57M | 29.71M | 22.49M | 20.02M | 16.73M |
| Days Sales Outstanding | 60.45 | 59.49 | 51.76 | 51.78 | 57.07 | 59.17 | 58.46 | 58.92 | 78.18 | 62.75 | 61.94 | 57.02 | 56.03 | 62.72 | 63.59 | 58.43 | 76.94 | 86.3 | 73.85 | 314.51 | 104.22 | 91.1 | 93.79 | 95.32 |
| Inventory | 20.97M | 23.21M | 23.43M | 26.87M | 28.51M | 27.13M | 22.62M | 25.54M | 28.37M | 14.24M | 14.35M | 12.78M | 12.16M | 14.51M | 14.75M | 10.88M | 8.5M | 11.1M | 11.66M | 13.26M | 12.37M | 6.33M | 6.42M | 5.1M |
| Days Inventory Outstanding | 45.59 | 46.95 | 48.7 | 58.8 | 66.91 | 69.22 | 63.97 | 62.64 | 82.17 | 45.11 | 53.7 | 54.41 | 52.24 | 65.48 | 72 | 49.96 | 41.28 | 66.59 | 61.68 | 71.54 | 83.81 | 48.55 | 55.91 | 49.74 |
| Other Current Assets | 51.91M | 48.36M | 16.64M | 14.89M | 15.81M | 15.01M | 14.34M | 15.55M | 17.02M | 13.37M | 9M | 11.39M | 12.21M | 13.65M | 8.44M | 11.13M | 9.6M | 453K | 3.67M | 2.33M | 4.11M | 1.9M | 1.09M | 1.73M |
| Total Non-Current Assets | 152.25M | 148.57M | 132.32M | 140.15M | 140.28M | 130.29M | 133.04M | 165.09M | 184.89M | 78.05M | 66.83M | 50.3M | 49.12M | 51.68M | 61.55M | 70.44M | 82.49M | 76.65M | 66.16M | 53.71M | 38M | 26.48M | 26.37M | 27.25M |
| Property, Plant & Equipment | 48.45M | 48.26M | 42.03M | 50.03M | 55.15M | 40.34M | 43.2M | 61.49M | 50.46M | 39.05M | 35.64M | 31.51M | 31.91M | 32.55M | 34.16M | 40.87M | 46.15M | 39.09M | 27.07M | 24.44M | 19.11M | 9.9M | 9.2M | 9.43M |
| Fixed Asset Turnover | 7.80x | 7.44x | 8.00x | 6.40x | 5.31x | 6.71x | 5.69x | 4.54x | 5.02x | 6.11x | 5.60x | 5.57x | 5.71x | 5.23x | 4.40x | 3.92x | 3.20x | 3.11x | 4.90x | 5.11x | 5.45x | 9.10x | 8.47x | 6.80x |
| Goodwill | 39.86M | 39.83M | 39.33M | 39.4M | 39.51M | 40M | 39.86M | 50.09M | 69.87M | 3.78M | 3.41M | 3.36M | 4.04M | 5.99M | 8.04M | 9.23M | 10.08M | 9.82M | 9.73M | 9.63M | 4.54M | 2.8M | 0 | 1.45M |
| Intangible Assets | 9.01M | 8.84M | 9.01M | 10.83M | 12.62M | 16.75M | 19.38M | 23.36M | 39.04M | 38K | 23K | 26K | 452K | 546K | 2.59M | 3.35M | 4.4M | 4.89M | 6.97M | 8.8M | 2.78M | 3.2M | 6.54M | 4.4M |
| Long-Term Investments | 8.86M | 2.06M | 2.01M | 2.93M | 2.97M | 2.75M | 2.17M | 4.93M | 11.35M | 16.22M | 12.06M | 4.78M | 1.09M | 1.51M | 242K | 287K | 12.66M | 205K | 14.98M | 0 | 0 | 0 | 0 | 2.51M |
| Other Non-Current Assets | 35.55M | 33.89M | 27.68M | 22.51M | 18.27M | 19.35M | 16.51M | 14.84M | 12.72M | 10.57M | 9.38M | 8.34M | 8.73M | 7.67M | 12.34M | 11.85M | 4.27M | 2.3M | 1.07M | 609K | 6.46M | 5.41M | 5.12M | 3.21M |
| Total Assets | 401.2M | 386.21M | 326.88M | 318.69M | 290.93M | 293.02M | 312.47M | 339.24M | 373.79M | 215.16M | 178.02M | 142M | 152.34M | 160.54M | 147.34M | 157.46M | 188.34M | 185.87M | 157.9M | 216.56M | 144.84M | 116.48M | 59.02M | 54.73M |
| Asset Turnover | 0.98x | 0.93x | 1.03x | 1.00x | 1.01x | 0.92x | 0.79x | 0.82x | 0.68x | 1.11x | 1.12x | 1.24x | 1.20x | 1.06x | 1.02x | 1.02x | 0.78x | 0.65x | 0.84x | 0.58x | 0.72x | 0.77x | 1.32x | 1.17x |
| Asset Growth % | 68.97% | 18.15% | 2.57% | 9.54% | -0.71% | -6.22% | -7.89% | -9.25% | 73.73% | 20.86% | 25.36% | -6.78% | -5.11% | 8.96% | -6.43% | -16.4% | 1.33% | 17.71% | -27.09% | 49.52% | 24.34% | 97.35% | 7.84% | - |
| Total Current Liabilities | 131.25M | 104.11M | 87.72M | 92.46M | 92.97M | 104.13M | 112.73M | 101.06M | 104.69M | 65.75M | 56.13M | 41.58M | 46.31M | 51.6M | 41.64M | 38.54M | 59.23M | 36.39M | 31.67M | 52.41M | 33.4M | 29M | 30.15M | 31.11M |
| Accounts Payable | 22.18M | 19.08M | 18.85M | 20.84M | 21.94M | 21.27M | 19.72M | 22.66M | 23.99M | 23.26M | 18.62M | 10.47M | 11.66M | 11.44M | 9.52M | 9.32M | 13.09M | 13.46M | 11.64M | 12.7M | 14.96M | 10.3M | 10.57M | 7.93M |
| Days Payables Outstanding | 39.67 | 38.6 | 39.17 | 45.6 | 51.49 | 54.29 | 55.75 | 55.57 | 69.48 | 73.68 | 69.69 | 44.55 | 50.06 | 51.62 | 46.5 | 42.79 | 63.54 | 80.77 | 61.59 | 68.55 | 101.37 | 78.99 | 92.14 | 77.25 |
| Short-Term Debt | 0 | 0 | 114K | 355K | 11.85M | 17.75M | 20.39M | 18.11M | 10.56M | 48K | 3K | 155K | 0 | 38K | 221K | 390K | 98K | 6K | 320K | 318K | 474K | 3.31M | 6.59M | 13.8M |
| Deferred Revenue (Current) | 108.73M | 27.21M | 22.86M | 27.12M | 21.78M | 24.33M | 24.35M | 29.15M | 37.67M | 12.8M | 10.76M | 9.21M | 9.4M | 9.85M | 9.53M | 7.87M | 4.61M | 5.49M | 4.82M | 5.8M | 4.4M | 3.9M | 3.82M | 0 |
| Other Current Liabilities | 78.69M | 57.82M | 8.88M | 9.43M | 9.91M | 10.06M | 20.23M | 7.57M | 10.14M | 4.5M | 5.49M | 6.93M | 6.91M | 8.31M | 9.59M | 9.12M | 39.33M | 9.72M | 7.42M | 21M | 9.68M | 6.94M | 6.59M | 9.38M |
| Current Ratio | 1.90x | 2.28x | 2.22x | 1.93x | 1.62x | 1.56x | 1.59x | 1.72x | 1.80x | 2.09x | 1.98x | 2.21x | 2.23x | 2.11x | 2.06x | 2.26x | 1.79x | 3.00x | 2.90x | 3.11x | 3.20x | 3.10x | 1.08x | 0.88x |
| Quick Ratio | 1.74x | 2.06x | 1.95x | 1.64x | 1.31x | 1.30x | 1.39x | 1.47x | 1.53x | 1.87x | 1.73x | 1.90x | 1.97x | 1.83x | 1.71x | 1.98x | 1.64x | 2.70x | 2.53x | 2.85x | 2.83x | 2.88x | 0.87x | 0.72x |
| Cash Conversion Cycle | 66.37 | 67.85 | 61.3 | 64.97 | 72.49 | 74.11 | 66.68 | 65.98 | 90.87 | 34.19 | 45.95 | 66.87 | 58.21 | 76.57 | 89.09 | 65.61 | 54.67 | 72.12 | 73.94 | 317.5 | 86.66 | 60.66 | 57.55 | 67.8 |
| Total Non-Current Liabilities | 56.2M | 57.62M | 47.9M | 45.98M | 45.1M | 51.09M | 69.85M | 102.26M | 108.9M | 16.18M | 13.72M | 12.6M | 11.44M | 13.46M | 13.69M | 13.56M | 13.95M | 15.63M | 13.55M | 14.55M | 11.99M | 10.98M | 13.77M | 19.83M |
| Long-Term Debt | 0 | 0 | 0 | 237K | 345K | 13.67M | 34.07M | 49.8M | 62.62M | 0 | 0 | 0 | 0 | 0 | 0 | 173K | 233K | 5.89M | 5.89M | 5.89M | 5.89M | 6.27M | 9.51M | 10.17M |
| Capital Lease Obligations | 19.09M | 4.75M | 5.56M | 4.77M | 6.89M | 1.75M | 2.69M | 10.84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 2.31M | 531K | 418K | 1.12M | 1.53M | 1.95M | 2.49M | 2.87M | 6.46M | 0 | 0 | 0 | 150K | 216K | 643K | 792K | 1.05M | 1.21M | 1.46M | 1.72M | 816K | 212K | 0 | 0 |
| Other Non-Current Liabilities | 37.62M | 37.47M | 29.69M | 26.59M | 23.3M | 24.81M | 22.06M | 28.98M | 31.6M | 14.94M | 12.69M | 11.63M | 10.23M | 12.21M | 12.24M | 11.87M | 11.8M | 8.53M | 6.19M | 6.95M | 5.28M | 4.5M | 4.26M | 9.66M |
| Total Liabilities | 187.45M | 161.73M | 135.62M | 138.44M | 137.72M | 155.22M | 182.57M | 203.32M | 209.77M | 81.93M | 69.85M | 54.18M | 57.75M | 65.42M | 55.33M | 45.06M | 54.99M | 52.02M | 45.22M | 64.11M | 45.39M | 39.99M | 43.91M | 50.94M |
| Total Debt | 4.32M | 4.75M | 9.06M | 8.66M | 22.09M | 36.12M | 60M | 80.54M | 73.18M | 48K | 3K | 155K | 0 | 38K | 221K | 563K | 331K | 5.9M | 6.21M | 6.21M | 6.37M | 9.58M | 16.09M | 23.97M |
| Net Debt | -103.65M | -102.81M | -68.3M | -44.77M | -5.75M | -14.19M | -12.18M | 26.57M | 21.78M | -36.86M | -31.08M | -26.86M | -38.42M | -41.66M | -29.23M | -34.71M | -46.34M | -54.91M | -6.3M | -22.46M | -37.44M | -48.85M | 11.49M | 20.06M |
| Debt / Equity | 0.02x | 0.02x | 0.05x | 0.05x | 0.14x | 0.26x | 0.46x | 0.59x | 0.42x | 0.00x | 0.00x | 0.00x | - | 0.00x | 0.00x | 0.01x | 0.00x | 0.04x | 0.05x | 0.04x | 0.06x | 0.13x | 1.07x | 6.33x |
| Debt / EBITDA | 0.04x | 0.05x | 0.10x | 0.10x | 0.28x | 0.50x | 0.99x | 1.13x | 0.96x | 0.00x | 0.00x | 0.00x | - | 0.00x | 0.00x | 0.01x | 0.01x | 0.16x | 0.17x | 0.20x | 0.22x | 0.41x | 0.73x | 1.74x |
| Net Debt / EBITDA | -1.04x | -1.07x | -0.75x | -0.51x | -0.07x | -0.20x | -0.20x | 0.37x | 0.29x | -0.53x | -0.51x | -0.51x | -0.65x | -0.71x | -0.64x | -0.66x | -0.99x | -1.45x | -0.17x | -0.72x | -1.29x | -2.08x | 0.52x | 1.46x |
| Interest Coverage | 33.47x | 41.50x | 36.31x | 34.97x | 21.50x | 22.76x | 14.24x | 9.89x | 145.38x | - | - | 654.64x | - | 32.54x | 43.78x | 119.07x | 40.37x | 77.65x | 37.12x | 255.23x | - | - | - | - |
| Total Equity | 213.75M | 224.49M | 191.26M | 180.25M | 152.86M | 137.8M | 129.9M | 135.91M | 174.7M | 133.23M | 108.17M | 87.82M | 94.58M | 95.48M | 92.01M | 110M | 128.9M | 133.87M | 113.09M | 152.45M | 99.45M | 76.5M | 15.11M | 3.79M |
| Equity Growth % | 59.4% | 17.37% | 6.11% | 17.92% | 10.93% | 6.08% | -4.43% | -22.2% | 31.13% | 23.17% | 23.17% | -7.15% | -0.94% | 3.78% | -16.36% | -14.66% | -3.71% | 18.38% | -25.82% | 53.3% | 30.01% | 406.29% | 298.76% | - |
| Book Value per Share | 10.79 | 11.30 | 9.61 | 9.01 | 7.49 | 6.64 | 6.24 | 6.46 | 8.29 | 6.35 | 5.16 | 4.19 | 4.51 | 4.55 | 4.39 | 5.25 | 6.15 | 6.38 | 5.27 | 6.51 | 4.24 | 3.78 | 0.79 | 0.20 |
| Total Shareholders' Equity | 207.45M | 217.56M | 185.23M | 174.45M | 145.8M | 132.46M | 127.19M | 129.33M | 168.19M | 125.79M | 102.23M | 83.7M | 90.7M | 90.92M | 88.03M | 105.71M | 124.51M | 130.13M | 109.96M | 149.59M | 96.87M | 75.76M | 15M | 3.79M |
| Common Stock | 0 | 0 | 1.98M | 1.98M | 1.98M | 1.98M | 1.98M | 1.98M | 1.98M | 1.98M | 1.98M | 1.98M | 1.98M | 1.98M | 1.98M | 1.98M | 1.98M | 1.98M | 1.98M | 1.98M | 1.97M | 1.95M | 1.63M | 1.62M |
| Retained Earnings | 0 | 0 | 0 | 203.56M | 168.96M | 143.26M | 127.68M | 116.48M | 129.58M | 92.06M | 71.72M | 57.74M | 49.07M | 38.83M | 32.19M | 43.19M | 43.69M | 66.61M | 51.98M | 66.24M | 19.6M | 4.05M | -7.63M | -17.52M |
| Treasury Stock | 0 | 0 | 0 | -64.29M | -57.67M | -49.23M | -41.95M | -41.95M | -35.95M | -30.05M | -30.05M | -30.05M | -30.05M | -30.05M | -30.05M | -30.05M | -30.05M | -30.05M | -30.05M | -5.9M | -1.26M | -384K | -384K | 0 |
| Accumulated OCI | 0 | 0 | 0 | -45.17M | -45.83M | -41.89M | -38.83M | -25.86M | -20.6M | -9.75M | -12.97M | -17.52M | -1.85M | 8.61M | 11.98M | 14.15M | 23.23M | 18.04M | 12.09M | 13.71M | 3M | -3.41M | -2.49M | -2.26M |
| Minority Interest | 6.3M | 6.92M | 6.03M | 5.79M | 7.06M | 5.34M | 2.71M | 6.58M | 6.51M | 7.44M | 5.94M | 4.12M | 3.89M | 4.57M | 3.98M | 4.29M | 4.39M | 3.75M | 3.12M | 2.86M | 2.58M | 734K | 108K | 0 |
Regional Geopolitical Instability
As reported in recent financial filings, Ituran's total assets have grown from $318.7 million in 2023Q4 to $401.2 million by 2026Q1, signaling a consistent expansion of the company's operational footprint that appears to be supported by disciplined capital management and steady accumulation of high-quality liquid assets.
The steady climb in total assets suggests that the company is successfully reinvesting its earnings into its proprietary infrastructure and service capabilities. This upward trajectory in asset value, coupled with minimal debt, implies a strengthening balance sheet that provides a significant buffer against regional economic volatility.
Based on the provided balance sheet data, Ituran maintains a minimal debt-to-equity ratio of 0.02 as of 2026Q1, which indicates that the company operates with virtually no reliance on external credit markets to fund its ongoing operations or its proprietary radio frequency infrastructure maintenance.
The company's decision to keep debt levels near zero suggests a highly conservative approach to capital structure, effectively insulating the business from interest rate fluctuations. This lack of leverage provides management with substantial strategic flexibility to navigate potential downturns or pursue opportunistic investments without the burden of debt service obligations.
According to the latest quarterly figures, Ituran has significantly increased its cash position to $108.0 million in 2026Q1 from $53.4 million in 2023Q4, providing a substantial liquidity buffer that appears more than sufficient to cover current liabilities and support ongoing service center operations.
The consistent growth in cash reserves suggests that the company is generating significant excess liquidity from its subscription-based model. This robust cash position serves as a critical safeguard, allowing the firm to maintain its 24/7 recovery operations even during periods of regional instability or macroeconomic disruption.
As evidenced by the company's financial statements, deferred revenue has remained a stable component of the balance sheet, reaching $43.9 million in 2026Q1, which suggests a consistent pipeline of future service obligations and recurring revenue streams from the company's established subscriber base.
The stability of deferred revenue indicates that the company's subscription model is effectively locking in long-term customer commitments. This provides a degree of forward visibility that is essential for planning infrastructure maintenance and managing the fixed-cost base of the recovery centers.
Quick answers to the most common questions about buying ITRN stock.
As of 2025, Ituran Location and Control Ltd. (ITRN) had total assets of $386.2M including $237.6M in current assets.
Ituran Location and Control Ltd. (ITRN) carries total debt of $4.7M, offset by $107.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Ituran Location and Control Ltd. (ITRN) has total shareholders' equity (book value) of $217.6M ($11.30 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Ituran Location and Control Ltd. (ITRN) reported a current ratio of 2.28x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.