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Ormat Technologies, Inc. balance sheet

At the end of fiscal 2025, Ormat Technologies, Inc. had total assets of $6.25bn, total liabilities of $3.56bn and shareholders' equity of $2.54bn. It held $147m in cash against $2.76bn of debt: net debt of $2.61bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents46831006757401862304899714482399619694147514
Receivables5354515695495581110138155149123129209164165173
Inventory151313212217181220453535282345384547
Total current assets1952052922762892743754733224734167796024576465475981,021
Goodwill———————721202025909091151168168
Total assets1,8642,0432,3152,0882,1592,1222,2742,4622,6243,1213,2503,8894,4264,6125,2085,6666,2476,788
Deferred revenue (current)—1116———20183119919231312
Total current liabilities140138194212186206189189283362376249544344537598738976
Short-term debt202121283134303233332425—0————
Long-term debt01428119579661,0019209578771,1291,1681,4741,9262,0531,9902,3452,661806
Total debt1341898119579661,0229209579291,2881,2181,4741,9262,0532,0902,4452,7611,267
Total liabilities9521,0981,4081,3921,4141,3351,1901,2891,3221,6681,7261,9382,4182,5812,7573,1063,5554,044
Shareholders' equity9459399076967337789931,0771,2111,3201,3921,8061,8551,8682,3152,4252,5442,598
Non-controlling interests and other (assets − liabilities − equity)——————909691134132145153163136135147146
Net debt (negative = net cash)881077118919089817357268811,1891,1471,0261,6861,9571,8942,3502,613753
Shares outstanding45m45m45m45m45m46m49m50m51m51m51m56m56m56m60m61m61m61m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Ormat Technologies, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ormat Technologies, Inc.