Drilling Tools International 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 Drilling Tools International Corp.'s balance sheet done over the years? Its assets were worth $132,498,000 last year, which is more than in the previous period. 33% of Drilling Tools International Corp.’s total assets is currently financed by debt. Its liabilities reached the amount of $43,808,000, which means an decrease by -41% compared compared to last year.
Debt to Assets
| 2021 | 69507000 | 58.34M | 83.94% |
|---|---|---|---|
| 2022 | 105218000 | 73.99M | 70.32% |
| 2023 | 132498000 | 43.80M | 33.06% |
DTI Balance Sheet (2021 – 2023)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
Assets | |||
Current assets: | |||
Cash and cash equivalents | 6.00M | 2.35M | 52K |
Short term investments | 888K | 1.14M | 909K |
Net receivables | 29.93M | 31.11M | 20.03M |
Inventory | 5.03M | 3.28M | 2.34M |
Other current assets | 4.55M | 17K | 12K |
Total current assets | 46.40M | 40.15M | 24.24M |
Non-current assets: | |||
Property, Plant and Equipment | 84.58M | 64.19M | 44.39M |
Goodwill | 0 | 0 | 0 |
Intangible assets | 216K | 263K | 402K |
Long term investments | 0 | 213.47M | 209.08M |
Other non-current assets | 1.28M | 383K | 469K |
Total non-current assets | 86.09M | 65.06M | 45.26M |
Total assets | 132.49M | 105.21M | 69.50M |
Liabilities | |||
| Current liabilities: | |||
Accounts payable | |||
Deferred revenue | 1.04M | 83K | 63K |
Short term debt | 6.21M | 21.66M | 27.36M |
Total current liabilities | 22.28M | 36.24M | 39.54M |
| Non-current liabilities: | |||
Long term debt | 14.89M | 16.69M | 0 |
Deferred tax | 0 | 0 | 0 |
Other non-current liabilities | 5.02M | 2.06M | 16.69M |
Total non-current liabilities | 26.54M | 37.75M | 18.80M |
Total liabilities | 43.80M | 73.99M | 58.34M |