Covalon Technologies Ltd.
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Covalon Technologies Ltd.'s balance sheet done over the years? Its assets were worth $24,900,593 last year, which is less than in the previous period. 25% of Covalon Technologies Ltd.’s total assets is currently financed by debt. Its liabilities reached the amount of $6,107,776, which means an decrease by -1% compared compared to last year.
Debt to Assets
| 2014 | 7961393 | 2.43M | 30.57% |
|---|---|---|---|
| 2015 | 7630598 | 2.84M | 37.28% |
| 2016 | 6488717 | 2.68M | 41.31% |
| 2017 | 11966991 | 2.98M | 24.95% |
| 2018 | 19707833 | 6.58M | 33.4% |
| 2019 | 39606933 | 24.67M | 62.3% |
| 2020 | 34696974 | 25.59M | 73.75% |
| 2021 | 40582104 | 7.20M | 17.76% |
| 2022 | 30378081 | 6.14M | 20.24% |
| 2023 | 24900593 | 6.10M | 24.53% |
COV.V Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 8.79M | 14.06M | 22.94M | 3.50M | 9.57M | 5.48M | 4.15M | 1.45M | 1.30M | 3.57M |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 547.04K | 541K |
Net receivables | 6.16M | 4.73M | 6.39M | 3.33M | 3.63M | 5.13M | 2.74M | 614.62K | 2.12M | 644.90K |
Inventory | 5.94M | 4.96M | 4.70M | 7.19M | 8.46M | 5.56M | 2.47M | 2.03M | 836.36K | 545.26K |
Other current assets | 390.06K | 3.46M | 3.39M | 809.40K | 116.09K | 959.91K | 397.44K | 175.86K | 476.33K | 91.89K |
Total current assets | 21.29M | 27.22M | 37.43M | 14.84M | 22.39M | 17.14M | 9.78M | 4.28M | 5.28M | 5.39M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 1.68M | 1.87M | 2.10M | 4.64M | 1.89M | 1.16M | 615.75K | 454.02K | 455.38K | 457.44K |
Goodwill | 0 | 0 | 0 | 13.01M | 12.92M | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 1.44M | 1.27M | 897.86K | 2.15M | 2.35M | 1.37M | 1.53M | 1.70M | 1.83M | 1.92M |
Long term investments | 0 | 0 | 137.06K | 37.30K | 36.62K | 36.05K | 35.79K | 45.55K | 0 | 0 |
Other non-current assets | 484.13K | 0 | 137.06K | 37.30K | 36.62K | 36.05K | 35.79K | -1 | 55.37K | 182.50K |
Total non-current assets | 3.60M | 3.15M | 3.14M | 19.84M | 17.21M | 2.56M | 2.18M | 2.20M | 2.34M | 2.56M |
Total assets | 24.90M | 30.37M | 40.58M | 34.69M | 39.60M | 19.70M | 11.96M | 6.48M | 7.63M | 7.96M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 80.70K | 209.07K | 414.64K | 498.14K | 459.31K | 206.81K | 463.25K | 426.08K | 138.10K | 596.36K |
Short term debt | 643.38K | 609.57K | 541.37K | 18.23M | 11.80M | 1.52M | 0 | -1.68M | 846.46K | 0 |
Total current liabilities | 5.18M | 4.53M | 4.99M | 22.63M | 17.94M | 6.45M | 2.80M | 2.11M | 2.28M | 1.37M |
| Non-current liabilities: | ||||||||||
Long term debt | 919.08K | 1.55M | 2.04M | 2.66M | 6.29M | 0 | 0 | 0 | 0 | 660.51K |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 0 | 0 | 299.85K | 0 | 181.17K | 131.45K | 559.14K | 0 |
Total non-current liabilities | 919.08K | 1.61M | 2.21M | 2.95M | 6.73M | 127.93K | 181.17K | 565.07K | 559.14K | 1.06M |
Total liabilities | 6.10M | 6.14M | 7.20M | 25.59M | 24.67M | 6.58M | 2.98M | 2.68M | 2.84M | 2.43M |