Converge Technology Solutions Corp.
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Converge Technology Solutions Corp.'s balance sheet done over the years? Its assets were worth $2,153,362,000 last year, which is less than in the previous period. 72% of Converge Technology Solutions Corp.’s total assets is currently financed by debt. Its liabilities reached the amount of $1,541,207,000, which means an decrease by -5% compared compared to last year.
Debt to Assets
| 2016 | 1000 | 272K | 27200% |
|---|---|---|---|
| 2017 | 108850000 | 113.06M | 103.87% |
| 2018 | 256298000 | 260.80M | 101.76% |
| 2019 | 488884000 | 498.76M | 102.02% |
| 2020 | 720620000 | 618.87M | 85.88% |
| 2021 | 1368837000 | 720.00M | 52.6% |
| 2022 | 2248876000 | 1.61B | 71.95% |
| 2023 | 2153362000 | 1.54B | 71.57% |
CTS.TO Balance Sheet (2016 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | 169.87M | 159.89M | 248.19M | 64.76M | 20.59M | 10.48M | 7.78M | 1K |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 814.23M | 781.68M | 416.49M | 364.30M | 220.13M | 129.97M | 42.21M | 0 |
Inventory | 73.16M | 158.43M | 104.25M | 37.86M | 23.37M | 12.39M | 11.16M | 0 |
Other current assets | 27.07M | 28.27M | 11.76M | 10.37M | 23.08M | 9.99M | 5.91M | 0 |
Total current assets | 1.08B | 1.12B | 780.70M | 477.31M | 287.18M | 162.85M | 67.08M | 1K |
Non-current assets: | ||||||||
Property, Plant and Equipment | 75.48M | 88.35M | 30.64M | 23.55M | 27.42M | 7.35M | 3.18M | 0 |
Goodwill | 564.77M | 563.84M | 323.28M | 110.06M | 80.27M | 32.61M | 14.55M | 0 |
Intangible assets | 375.18M | 463.75M | 233.58M | 108.92M | 92.04M | 46.03M | 24.02M | 0 |
Long term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current assets | 53.57M | 4.64M | 617K | 749K | 1.95M | 7.44M | 0 | 0 |
Total non-current assets | 1.06B | 1.12B | 588.12M | 243.3M | 201.7M | 93.44M | 41.76M | 0 |
Total assets | 2.15B | 2.24B | 1.36B | 720.62M | 488.88M | 256.29M | 108.85M | 1K |
Liabilities | ||||||||
| Current liabilities: | ||||||||
Accounts payable | ||||||||
Deferred revenue | 59.32M | 60.21M | 27.58M | 17.37M | 9.73M | 4.63M | 1.63M | 0 |
Short term debt | 1.66M | 421.72M | 816K | 133.28M | 150.86M | 75.99M | 37.49M | 0 |
Total current liabilities | 1.03B | 1.43B | 591.21M | 571.54M | 445.21M | 236.71M | 100.65M | 272K |
| Non-current liabilities: | ||||||||
Long term debt | 414.69M | 39.49M | 412K | 5.88M | 14.57M | 12.49M | 3.53M | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 20.98M | 77.18M | 85.29M | 28.85M | 33.11M | 7.86M | 8.87M | 0 |
Total non-current liabilities | 502.84M | 180.16M | 128.79M | 47.32M | 53.54M | 24.09M | 12.41M | 0 |
Total liabilities | 1.54B | 1.61B | 720.00M | 618.87M | 498.76M | 260.80M | 113.06M | 272K |
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