Sapiens International Corporation N.V. (SPNS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Total Current Assets | 251.75M | 239.82M | 327.39M | 335.14M | 321.39M | 308.81M | 319.37M | 314.9M | 290.39M | 283.29M | 288.11M | 285.31M | 269.14M | 269.98M | 303.14M | 300.35M | 275.42M | 261.86M | 263.44M | 267.36M |
| Cash & Short-Term Investments | 82.2M | 74.54M | 205.86M | 216.19M | 185.95M | 186.45M | 195.89M | 202.12M | 172.46M | 179.42M | 181.65M | 180.28M | 166.92M | 176.13M | 206.31M | 210.24M | 184.71M | 175.81M | 172.18M | 182.56M |
| Cash Only | 82.2M | 64.54M | 143.36M | 163.69M | 146.15M | 122.65M | 116.69M | 126.72M | 97.06M | 89.42M | 116.65M | 160.28M | 146.92M | 141.13M | 171.31M | 190.24M | 144.71M | 155.81M | 142.18M | 152.56M |
| Short-Term Investments | 0 | 10M | 62.5M | 52.5M | 39.8M | 63.8M | 79.2M | 75.4M | 75.4M | 90M | 65M | 20M | 20M | 35M | 35M | 20M | 40M | 20M | 30M | 30M |
| Accounts Receivable | 138.19M | 165.28M | 121.53M | 99.6M | 109.67M | 102.1M | 103.73M | 90.27M | 98.83M | 89.34M | 94.83M | 93.38M | 89.99M | 81.41M | 82.47M | 76.26M | 76.03M | 70.21M | 74.76M | 65.41M |
| Days Sales Outstanding | 91.65 | 92.16 | 73.11 | 71.68 | 71.09 | 68.46 | 65.75 | 66.48 | 66.22 | 65.31 | 67.91 | 70.61 | 66.26 | 62.88 | 60.69 | 58.76 | 57.1 | 57.66 | 57.56 | 58.47 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13.84M | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 31.36M | 0 | 0 | 19.35M | 25.77M | 20.26M | 19.74M | 22.51M | 19.09M | 14.54M | 11.62M | 11.64M | 12.23M | 12.44M | 14.35M | 27.68M | 14.67M | 15.84M | 16.49M | 19.39M |
| Total Non-Current Assets | 491.94M | 499.82M | 386.59M | 356.57M | 361.9M | 358.73M | 364.43M | 374.72M | 359.77M | 369.75M | 375.21M | 383.04M | 373.02M | 385.44M | 404.75M | 414.65M | 424.47M | 432.64M | 433.11M | 446.8M |
| Property, Plant & Equipment | 31.47M | 33.96M | 30.98M | 31.4M | 31.93M | 32.57M | 33.51M | 36.22M | 34.76M | 36.72M | 39.05M | 45.71M | 46.69M | 49.98M | 55.15M | 58.12M | 63.84M | 65.42M | 68.3M | 71.36M |
| Fixed Asset Turnover | 4.66x | 4.36x | 4.36x | 4.24x | 4.25x | 4.14x | 3.85x | 3.69x | 3.66x | 3.39x | 2.94x | 2.59x | 2.46x | 2.26x | 2.08x | 1.96x | 1.82x | 1.71x | 1.57x | 1.48x |
| Goodwill | 0 | 0 | 0 | 251.53M | 0 | 0 | 0 | 256.31M | 0 | 0 | 0 | 252.23M | 0 | 0 | 0 | 261.14M | 0 | 0 | 0 | 264.28M |
| Intangible Assets | 430.9M | 439.17M | 329.82M | 50.94M | 310.53M | 307.23M | 311.18M | 61.04M | 305.23M | 312.47M | 316.87M | 67.43M | 315.45M | 322.83M | 336.59M | 82.14M | 345.89M | 352.22M | 352.13M | 99.31M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.99M | 0 | 0 | 0 | 1.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 29.57M | 26.69M | 25.79M | 9.63M | 19.44M | 18.93M | 19.74M | 6.11M | 19.78M | 20.56M | 19.29M | 6.35M | 10.87M | 12.62M | 13.01M | 10.12M | 14.74M | 15M | 12.68M | 9.98M |
| Total Assets | 743.69M | 739.64M | 713.98M | 691.71M | 683.3M | 667.54M | 683.8M | 689.62M | 650.15M | 653.04M | 663.32M | 668.34M | 642.15M | 655.41M | 707.88M | 714.99M | 699.88M | 694.5M | 696.55M | 714.16M |
| Asset Turnover | 0.21x | 0.19x | 0.19x | 0.20x | 0.20x | 0.20x | 0.20x | 0.20x | 0.20x | 0.19x | 0.19x | 0.18x | 0.18x | 0.17x | 0.17x | 0.17x | 0.17x | 0.16x | 0.16x | 0.16x |
| Asset Growth % | 8.84% | 10.8% | 4.41% | 0.3% | 5.1% | 2.22% | 3.09% | 3.18% | 1.25% | -0.36% | -6.3% | -6.52% | -8.25% | -5.63% | 1.63% | 0.12% | 27.23% | 31.71% | 48.73% | 57.85% |
| Total Current Liabilities | 166.02M | 174.69M | 194.94M | 149.58M | 147.3M | 142.78M | 173.76M | 149.12M | 139.6M | 140.56M | 148.98M | 145.96M | 143.25M | 148.79M | 158.06M | 151.69M | 151.43M | 153.92M | 146.79M | 144.78M |
| Accounts Payable | 13.22M | 11.62M | 8.48M | 8.41M | 8.22M | 11.3M | 9.77M | 6.29M | 8.51M | 8.47M | 2.47M | 9.41M | 11.77M | 11.84M | 5.26M | 5.01M | 8.98M | 6.76M | 6.06M | 5.39M |
| Days Payables Outstanding | 13.44 | 11.47 | 10.08 | 10.32 | 11.7 | 12.5 | 9.53 | 9.09 | 10.45 | 6.76 | 7.46 | 14.09 | 15.81 | 11.38 | 6.77 | 9.12 | 10.42 | 8.61 | 7.88 | 8.16 |
| Short-Term Debt | 19.81M | 19.8M | 19.8M | 19.8M | 19.8M | 19.8M | 19.8M | 19.8M | 26.71M | 19.8M | 19.8M | 28.86M | 19.8M | 19.8M | 19.8M | 19.8M | 19.8M | 19.8M | 19.8M | 19.8M |
| Deferred Revenue (Current) | 0 | 44.7M | 42.1M | 37.54M | 0 | 31.93M | 0 | 38.54M | 31.12M | 0 | 0 | 30.72M | 0 | 0 | 0 | 39.61M | 0 | 0 | 0 | 34.55M |
| Other Current Liabilities | 34.99M | 0 | 0 | 3.26M | 32.81M | 0 | 40.61M | 1.26M | 73.26M | 36.27M | 38.92M | 34.71M | 32.11M | 35.57M | 45.27M | 0 | 33.63M | 42.57M | 41.47M | 0 |
| Current Ratio | 1.52x | 1.37x | 1.68x | 2.24x | 2.18x | 2.16x | 1.84x | 2.11x | 2.08x | 2.02x | 1.93x | 1.95x | 1.88x | 1.81x | 1.92x | 1.98x | 1.82x | 1.70x | 1.79x | 1.85x |
| Quick Ratio | 1.52x | 1.37x | 1.68x | 2.24x | 2.18x | 2.16x | 1.84x | 2.11x | 2.08x | 2.02x | 1.93x | 1.95x | 1.88x | 1.81x | 1.92x | 2.07x | 1.82x | 1.70x | 1.79x | 1.85x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 50.48M | 52.84M | 44.7M | 62.5M | 64.69M | 65.01M | 66.54M | 90.55M | 90.75M | 93.72M | 96.37M | 119.44M | 121.66M | 123.88M | 131.97M | 154.58M | 157.59M | 158.92M | 162.71M | 185.69M |
| Long-Term Debt | 0 | 0 | 0 | 19.79M | 19.78M | 19.77M | 19.76M | 39.54M | 39.53M | 39.51M | 39.49M | 59.27M | 59.25M | 59.23M | 59.21M | 78.99M | 78.96M | 78.94M | 78.91M | 98.68M |
| Capital Lease Obligations | 17.38M | 18.29M | 16.06M | 17.72M | 17.53M | 17.82M | 18.78M | 21.08M | 21.01M | 22.04M | 24.69M | 28.43M | 29.34M | 31.66M | 36.92M | 38.75M | 42.96M | 43.59M | 46.53M | 48.77M |
| Deferred Tax Liabilities | 0 | 13.71M | 9.79M | 6.9M | 0 | 8.52M | 0 | 10.82M | 10.72M | 0 | 0 | 11.36M | 0 | 0 | 0 | 15.36M | 0 | 0 | 0 | 16.01M |
| Other Non-Current Liabilities | 33.11M | 20.84M | 18.85M | 18.09M | 27.38M | 18.91M | 28M | 19.11M | 19.5M | 32.17M | 32.19M | 20.38M | 33.07M | 32.98M | 35.84M | 12.14M | 35.68M | 36.4M | 37.27M | 12.13M |
| Total Liabilities | 216.5M | 227.53M | 239.64M | 212.08M | 211.99M | 207.79M | 240.3M | 239.68M | 230.35M | 234.28M | 245.35M | 265.4M | 264.91M | 272.67M | 290.03M | 306.27M | 309.02M | 312.84M | 309.5M | 330.47M |
| Total Debt | 43.53M | 45.38M | 43.2M | 63.75M | 62.97M | 63.09M | 64.43M | 87.05M | 87.25M | 88.81M | 90.86M | 116.57M | 117.55M | 120.53M | 126.55M | 148.36M | 152.68M | 154.11M | 155.95M | 177.17M |
| Net Debt | -38.66M | -19.16M | -100.17M | -99.94M | -83.19M | -59.56M | -52.26M | -39.67M | -9.81M | -610K | -25.8M | -43.72M | -29.37M | -20.59M | -44.76M | -41.88M | 7.97M | -1.7M | 13.77M | 24.61M |
| Debt / Equity | 0.08x | 0.09x | 0.09x | 0.13x | 0.13x | 0.14x | 0.15x | 0.19x | 0.21x | 0.21x | 0.22x | 0.29x | 0.31x | 0.31x | 0.30x | 0.36x | 0.39x | 0.40x | 0.40x | 0.46x |
| Debt / EBITDA | 2.21x | 1.98x | 1.66x | 2.57x | 2.83x | 2.37x | 2.46x | 3.59x | 4.15x | 3.56x | 3.74x | 5.67x | 6.57x | 5.47x | 5.64x | 6.87x | 8.69x | 7.03x | 8.96x | 11.61x |
| Net Debt / EBITDA | -1.96x | -0.84x | -3.84x | -4.03x | -3.74x | -2.24x | -2.00x | -1.64x | -0.47x | -0.02x | -1.06x | -2.13x | -1.64x | -0.94x | -2.00x | -1.94x | 0.45x | -0.08x | 0.79x | 1.61x |
| Interest Coverage | - | - | - | - | - | - | - | - | 36.78x | 34.91x | 15.78x | - | - | 6.85x | - | 6.57x | - | 190.93x | 24.01x | - |
| Total Equity | 527.19M | 512.12M | 474.34M | 479.63M | 471.31M | 459.74M | 443.5M | 449.95M | 419.8M | 418.77M | 417.97M | 402.94M | 377.25M | 382.75M | 417.86M | 408.72M | 390.86M | 381.66M | 387.05M | 383.69M |
| Equity Growth % | 11.86% | 11.39% | 6.95% | 6.6% | 12.27% | 9.78% | 6.11% | 11.67% | 11.28% | 9.41% | 0.03% | -1.41% | -3.48% | 0.28% | 7.96% | 6.52% | 54.26% | 61% | 69.87% | 70.15% |
| Book Value per Share | 9.34 | 9.13 | 8.47 | 8.54 | 8.37 | 8.19 | 7.92 | 8.05 | 7.52 | 7.53 | 7.52 | 7.26 | 6.79 | 6.89 | 7.51 | 7.35 | 7.03 | 6.87 | 6.97 | 7.03 |
| Total Shareholders' Equity | 513.47M | 498.31M | 460.59M | 479.63M | 471.31M | 459.74M | 443.5M | 447.27M | 419.72M | 418.68M | 417.88M | 400.5M | 377.16M | 382.66M | 417.76M | 406.55M | 390.76M | 381.18M | 386.49M | 381.69M |
| Common Stock | 513.47M | 0 | 0 | 762K | 471.31M | 459.74M | 443.5M | 762K | 0 | 418.68M | 417.88M | 756K | 377.16M | 382.66M | 417.76M | 756K | 390.76M | 381.18M | 386.49M | 751K |
| Retained Earnings | 0 | 0 | 0 | 160.23M | 0 | 0 | 0 | 119.88M | 0 | 0 | 0 | 85.58M | 0 | 0 | 0 | 71.56M | 0 | 0 | 0 | 44.64M |
| Treasury Stock | 0 | 0 | 0 | -9.42M | 0 | 0 | 0 | -9.42M | 0 | 0 | 0 | -9.42M | 0 | 0 | 0 | -9.42M | 0 | 0 | 0 | -9.42M |
| Accumulated OCI | 0 | 0 | 0 | -26.92M | 0 | 0 | 0 | -17.26M | 0 | 0 | 0 | -21.14M | 0 | 0 | 0 | 2.82M | 0 | 0 | 0 | 11.03M |
| Minority Interest | 13.72M | 13.81M | 13.75M | 0 | 0 | 0 | 0 | 2.68M | 82K | 85K | 87K | 2.44M | 88K | 90K | 99K | 2.17M | 97K | 483K | 562K | 2M |