ChoiceOne Financial Services
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has ChoiceOne Financial Services's balance sheet done over the years? Its assets were worth $2,576,706,000 last year, which is more than in the previous period. 92% of ChoiceOne Financial Services’s total assets is currently financed by debt. Its liabilities reached the amount of $2,381,072,000, which means an increase by 7% compared compared to last year.
Debt to Assets
| 2014 | 549640000 | 45.10M | 8.21% |
|---|---|---|---|
| 2015 | 567746000 | 20.79M | 3.66% |
| 2016 | 607371000 | 20.21M | 3.33% |
| 2017 | 646544000 | 27.41M | 4.24% |
| 2018 | 670173000 | 589.69M | 87.99% |
| 2019 | 1383928000 | 33.19M | 2.4% |
| 2020 | 1919845000 | 12.41M | 0.65% |
| 2021 | 2366682000 | 2.14B | 90.63% |
| 2022 | 2385914000 | 2.21B | 92.92% |
| 2023 | 2576706000 | 2.38B | 92.41% |
COFS Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 55.43M | 43.94M | 31.88M | 79.51M | 58.62M | 19.69M | 36.83M | 14.80M | 11.18M | 16.64M |
Short term investments | 514.59M | 546.89M | 1.09B | 574.78M | 339.57M | 166.60M | 155.59M | 174.38M | 160.13M | 142.52M |
Net receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other current assets | 0 | 43.94M | 32.08M | 79.78M | 60.48M | 285.19M | 0 | 15.24M | 0 | 0 |
Total current assets | 55.43M | 590.84M | 1.13B | 654.30M | 398.19M | 471.48M | 192.42M | 189.19M | 171.32M | 159.17M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 29.75M | 28.23M | 29.88M | 29.91M | 23.90M | 16.01M | 13.04M | 12.87M | 12.11M | 11.79M |
Goodwill | 59.94M | 59.94M | 59.94M | 60.50M | 51.30M | 13.72M | 13.72M | 13.72M | 14.10M | 14.55M |
Intangible assets | 1.85M | 2.80M | 3.96M | 5.26M | 6.00M | 1.04M | 908K | 697K | 379K | 827K |
Long term investments | 930.06M | 972.80M | 1.11B | 585.71M | 348.89M | 173.01M | 159.15M | 177.95M | 163.32M | 145.70M |
Other non-current assets | 1.49B | -1.06B | -1.21B | -5.57M | -2.38M | -5.17M | -1.30M | -2.47M | -189.55M | -172.05M |
Total non-current assets | 2.52B | 1.06B | 1.21B | 681.40M | 430.11M | 199.05M | 185.92M | 204.55M | 189.55M | 172.05M |
Total assets | 2.57B | 2.38B | 2.36B | 1.91B | 1.38B | 670.17M | 646.54M | 607.37M | 567.74M | 549.64M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Short term debt | 30M | 50M | 50M | 3.37M | 33.03M | 9.83M | 0 | 19.94M | 0 | 0 |
Total current liabilities | 0 | 50M | 50M | 1.14B | 820.31M | 385.52M | 399.18M | 369.47M | 127K | 123K |
| Non-current liabilities: | ||||||||||
Long term debt | 205.50M | 85.26M | 85.01M | 12.41M | 33.19M | 10.03M | 27.41M | 20.21M | 11.33M | 18.36M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 2.17B | -35.26M | -85.01M | -12.41M | -33.19M | 579.66M | 542.57M | -1.66M | 486.57M | 465.08M |
Total non-current liabilities | 2.38B | 50M | 85.01M | 12.41M | 33.19M | 589.69M | 27.41M | 20.21M | 20.79M | 45.10M |
Total liabilities | 2.38B | 2.21B | 2.14B | 12.41M | 33.19M | 589.69M | 27.41M | 20.21M | 20.79M | 45.10M |
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