The New Germany Fund, Inc. (GF)GFThe New Germany Fund, Inc.

Balance Sheet

Assets, liabilities, and equity analysis

Quarterly Balance Sheet (USD)

Quarterly Report	TTM	12/31/2025	06/30/2025	12/31/2024	06/30/2024	12/31/2023	06/30/2023	12/31/2022	06/30/2022
Total Current Assets	30.850M	30.850M	2.378M	798K	1.310M	5.449M	236K	10K	233K
Cash & Cash Equivalents	2.694M	2.694M	22K	206K	286K	92K	144K	16K	5.354M
Short-Term Investments	27.101M	27.101M	0.00	0.00	0.00	0.00	0.00	0.00	9.140M
Cash & Short-Term Investments	29.795M	29.795M	22K	206K	286K	92K	144K	16K	14.494M
Accounts Receivable	1.029M	1.029M	2.355M	15K	470K	7K	92K	10K	233K
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	-5.080M	2.492M	501K
Total Assets	235.145M	235.145M	241.619M	161.141M	175.653M	185.380M	185.978M	162.488M	174.930M
Property, Plant & Equipment	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Investments	204.237M	204.237M	194.258M	160.299M	147.631M	184.984M	185.388M	162.169M	174.392M
Total Current Liabilities	29.463M	29.463M	1.751M	820K	14.911M	6.025M	5.195M	750K	9.505M
Accounts Payable	2.100M	2.100M	1.751M	820K	836K	8K	92K	750K	233K
Short-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	29.627M	29.627M	24.517M	8.764M	14.939M	6.593M	5.195M	1.133M	9.525M
Long-Term Debt	27.101M	27.101M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt	27.101M	27.101M	22.479M	7.649M	0.00	0.00	0.00	0.00	0.00
Net Debt (Cash)	24.407M	24.407M	-22K	-206K	-286K	-92K	-144K	-16K	-5.354M
Total Shareholders' Equity	205.518M	205.518M	217.102M	152.377M	160.713M	178.788M	180.782M	161.355M	165.405M
Common Stock	189.712M	189.712M	189.712M	189.712M	190.732M	194.739M	197.565M	200.153M	201.575M
Retained Earnings	15.806M	15.806M	27.390M	-37.335M	-30.018M	-15.951M	-16.783M	-38.798M	-36.170M
Current Ratio	1.05	1.05	1.36	0.97	0.09	0.90	0.05	0.01	0.02
Debt to Equity Ratio	0.13	0.13	0.10	0.05	0.00	0.00	0.00	0.00	0.00

Annual Balance Sheet (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	30.850M	798K	5.449M	10K	19K	378K	20K	76K
Cash & Cash Equivalents	2.694M	206K	92K	16K	267K	4.571M	2.062M	8K
Short-Term Investments	27.101M	0.00	0.00	0.00	0.00	14.465M	9.942M	0.00
Cash & Short-Term Investments	29.795M	206K	92K	16K	267K	19.036M	12.004M	8K
Accounts Receivable	1.029M	15K	7K	10K	19K	378K	20K	68K
Inventory	0.00	0.00	0.00	2.492M	311K	0.00	40K	674K
Total Assets	235.145M	161.141M	185.380M	162.488M	337.954M	385.467M	298.572M	270.274M
Property, Plant & Equipment	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Investments	204.237M	160.299M	184.984M	162.169M	337.600M	385.023M	298.528M	269.673M
Total Current Liabilities	29.463M	820K	6.025M	750K	80.508M	32.731M	3.232M	45.757M
Accounts Payable	2.100M	820K	8K	750K	76.392M	32.731M	3.232M	45.757M
Short-Term Debt	0.00	0.00	0.00	0.00	0.00	145K	0.00	0.00
Total Liabilities	29.627M	8.764M	6.593M	1.133M	80.508M	47.857M	13.397M	59.687M
Long-Term Debt	27.101M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt	27.101M	7.649M	0.00	0.00	0.00	145K	0.00	0.00
Net Debt (Cash)	24.407M	-206K	-92K	-16K	-267K	-4.426M	-2.062M	-8K
Total Shareholders' Equity	205.518M	152.377M	178.788M	161.355M	257.446M	337.610M	285.176M	210.587M
Common Stock	189.712M	189.712M	194.739M	200.153M	176.711M	175.073M	182.047M	178.101M
Retained Earnings	15.806M	-37.335M	-15.951M	-38.798M	80.734M	162.537M	103.129M	32.486M
Current Ratio	1.05	0.97	0.90	0.01	0.00	0.01	0.01	0.00
Debt to Equity Ratio	0.13	0.05	0.00	0.00	0.00	0.00	0.00	0.00

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About The New Germany Fund, Inc.

The New Germany Fund Inc. functions as a closed-ended equity investment vehicle, originally established by Deutsche Investment Management Americas Inc. and currently overseen by Deutsche Asset Management International GmbH. Its primary objective is to allocate capital within the public stock markets of Germany, seeking out opportunities in shares of companies operating across a diverse range of industries. The fund predominantly focuses its investments on small and mid-capitalization (SMC) firms. To assess its portfolio's returns, the fund utilizes the Midcap Market Performance Index as its benchmark. This fund was founded on January 16, 1990, and is legally registered in Germany.

Frankfurt Am Main

fundsus.deutscheam.com/EN/products/new_germany_fund.jsp

Financial Services / Asset Management

Sector: Financial Services
Industry: Asset Management
CEO: Linda Lonneberg

View full financials

About The New Germany Fund, Inc.

Frankfurt Am Main

fundsus.deutscheam.com/EN/products/new_germany_fund.jsp

Financial Services / Asset Management

Sector: Financial Services
Industry: Asset Management
CEO: Linda Lonneberg

View full financials