Innovative Payment Solutions
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Innovative Payment Solutions's balance sheet done over the years? Its assets were worth $805,216 last year, which is less than in the previous period. 1041% of Innovative Payment Solutions’s total assets is currently financed by debt. Its liabilities reached the amount of $8,383,227, which means an increase by 25% compared compared to last year.
Debt to Assets
| 2014 | 31882 | 383 | 1.2% |
|---|---|---|---|
| 2015 | 2456483 | 335.72K | 13.67% |
| 2016 | 1522752 | 1.25M | 82.73% |
| 2017 | 1383795 | 5.78M | 418% |
| 2018 | 1063974 | 4.27M | 401.55% |
| 2019 | 1077999 | 1.67M | 155.02% |
| 2020 | 193400 | 4.62M | 2391.01% |
| 2021 | 6723385 | 2.99M | 44.5% |
| 2022 | 2752572 | 6.70M | 243.67% |
| 2023 | 805216 | 8.38M | 1041.12% |
IPSI Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 50.43K | 374.76K | 5.44M | 94.70K | 2.97K | 71.29K | 19.02K | 46.28K | 832.15K | 31.88K |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 0 | 0 | 0 | 0 | 0 | 159.01K | 275.61K | 433.72K | 659.97K | 0 |
Inventory | 0 | 0 | 0 | 0 | 0 | 330.63K | 504.79K | 350.27K | 388.82K | 646.98K |
Other current assets | 38.81K | 97.04K | 85.03K | 5.27K | 55.05K | 179.13K | 288.68K | 279.87K | 52.01K | 0 |
Total current assets | 89.25K | 471.80K | 5.53M | 99.97K | 58.03K | 740.08K | 1.08M | 1.11M | 1.93M | 31.88K |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 7.02K | 40.36K | 28.79K | 89.42K | 0 | 228.10K | 160.30K | 231.32K | 300.38K | 99.98K |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 0 | 1.69M | 625K | 0 | 0 | 82.41K | 125.41K | 168.41K | 211.41K | 0 |
Long term investments | 703.93K | 500K | 500.00K | 1 | 1.01M | 3K | 3K | 3K | 0 | 0 |
Other non-current assets | 5K | 47.59K | 34.8K | 4K | 0 | 10.37K | 6.95K | 9.84K | 11.71K | 6.19K |
Total non-current assets | 715.96K | 2.28M | 1.18M | 93.42K | 1.01M | 323.89K | 295.66K | 412.59K | 523.51K | 106.17K |
Total assets | 805.21K | 2.75M | 6.72M | 193.4K | 1.07M | 1.06M | 1.38M | 1.52M | 2.45M | 31.88K |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 0 | 4K | 0 | 120.90K | 119.59K | 132.13K | 1.98K | -2.42M |
Short term debt | 4.77M | 3.23M | 1.96M | 1.03M | 451.01K | 1.74M | 1.93M | 527.93K | 103.32K | 2.32M |
Total current liabilities | 8.23M | 6.54M | 2.83M | 4.46M | 1.67M | 4.27M | 5.78M | 1.25M | 335.72K | 383 |
| Non-current liabilities: | ||||||||||
Long term debt | 150K | 163.97K | 158.35K | 160.52K | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | -163.97K | -158.35K | 0 | 0 | 2.41M | 0 | 980.55K | 0 | 0 |
Total non-current liabilities | 150K | 163.97K | 158.35K | 160.52K | 0 | 2.41M | 2.49M | 980.55K | 143.67K | 0 |
Total liabilities | 8.38M | 6.70M | 2.99M | 4.62M | 1.67M | 4.27M | 5.78M | 1.25M | 335.72K | 383 |
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