Fortune Valley Treasures
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Fortune Valley Treasures's balance sheet done over the years? Its assets were worth $6,249,169 last year, which is less than in the previous period. 68% of Fortune Valley Treasures’s total assets is currently financed by debt. Its liabilities reached the amount of $4,258,331, which means an increase by 53% compared compared to last year.
Debt to Assets
| 2015 | 42492 | 10.82K | 25.47% |
|---|---|---|---|
| 2016 | 11333 | 3K | 26.47% |
| 2017 | 421291 | 380.46K | 90.31% |
| 2018 | 348114 | 735.34K | 211.24% |
| 2019 | 193037 | 953.54K | 493.97% |
| 2020 | 9661459 | 2.42M | 25.15% |
| 2021 | 11688636 | 2.22M | 19.03% |
| 2022 | 9287942 | 2.78M | 30.02% |
| 2023 | 6249169 | 4.25M | 68.14% |
FVTI Balance Sheet (2015 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||
Current assets: | |||||||||
Cash and cash equivalents | 288.25K | 165.68K | 123.16K | 249.83K | 38.13K | 29.99K | 77.78K | 0 | 42.49K |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 3.11M | 4.79M | 2.68M | 3.45M | 3.23K | 64.13K | 56.19K | 0 | 0 |
Inventory | 32.58K | 148.92K | 81.07K | 144.56K | 28.50K | 236.17K | 273.49K | 0 | 0 |
Other current assets | 1.64M | 4.63K | 7.61K | 7.06K | 4.09K | 8K | 0 | 11.33K | 0 |
Total current assets | 5.08M | 6.87M | 5.06M | 4.23M | 73.97K | 338.30K | 407.46K | 11.33K | 42.49K |
Non-current assets: | |||||||||
Property, Plant and Equipment | 395.88K | 470.42K | 624.91K | 361.07K | 119.06K | 9.80K | 13.82K | 0 | 0 |
Goodwill | 0 | 454.20K | 1.40M | 1.36M | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 151.63K | 370.92K | 2.28M | 3.02M | 0 | 0 | 0 | 0 | 0 |
Long term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current assets | 618.45K | 1.12M | 2.30M | 671.92K | 0 | 0 | -13.82K | 0 | 0 |
Total non-current assets | 1.16M | 2.41M | 6.61M | 5.43M | 119.06K | 9.80K | 13.82K | 0 | 0 |
Total assets | 6.24M | 9.28M | 11.68M | 9.66M | 193.03K | 348.11K | 421.29K | 11.33K | 42.49K |
Liabilities | |||||||||
| Current liabilities: | |||||||||
Accounts payable | |||||||||
Deferred revenue | 0 | 139.33K | 382.51K | 580.15K | 0 | 0 | 104.88K | 0 | 0 |
Short term debt | 594.64K | 549.48K | 257.45K | 228.15K | 13.71K | 0 | 0 | 0 | 0 |
Total current liabilities | 3.85M | 2.48M | 1.71M | 1.99M | 855.35K | 735.34K | 380.46K | 3K | 10.82K |
| Non-current liabilities: | |||||||||
Long term debt | 406.40K | 303.45K | 506.76K | 433.36K | 98.18K | 0 | 0 | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 0 | 0 | 0 | 48.28K | 0 | 0 | 0 |
Total non-current liabilities | 406.40K | 303.45K | 506.76K | 433.36K | 98.18K | 48.28K | 34.97K | 0 | 10.58K |
Total liabilities | 4.25M | 2.78M | 2.22M | 2.42M | 953.54K | 735.34K | 380.46K | 3K | 10.82K |
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