The Singing Machine Company
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has The Singing Machine Company's balance sheet done over the years? Its assets were worth $16,648,597 last year, which is less than in the previous period. 38% of The Singing Machine Company’s total assets is currently financed by debt. Its liabilities reached the amount of $6,317,552, which means an decrease by -50% compared compared to last year.
Debt to Assets
| 2014 | 11730662 | 8.02M | 68.38% |
|---|---|---|---|
| 2015 | 12213925 | 8.28M | 67.86% |
| 2016 | 10461609 | 4.80M | 45.96% |
| 2017 | 11636583 | 4.19M | 36.05% |
| 2018 | 12668826 | 4.86M | 38.39% |
| 2019 | 12193145 | 3.69M | 30.29% |
| 2020 | 16601137 | 10.91M | 65.74% |
| 2021 | 16761911 | 8.85M | 52.81% |
| 2022 | 22665854 | 12.62M | 55.72% |
| 2023 | 16648597 | 6.31M | 37.95% |
MICS Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 2.89M | 2.29M | 396.57K | 345.2K | 211.40K | 813.90K | 2.30M | 2.11M | 116.28K | 1.35M |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 2.31M | 3.03M | 6.85M | 5.61M | 4.29M | 2.23M | 1.89M | 1.59M | 1.60M | 1.34M |
Inventory | 9.63M | 14.16M | 5.49M | 7.60M | 6.02M | 8.05M | 5.42M | 3.69M | 7.44M | 5.82M |
Other current assets | 351.27K | 352.22K | 236.43K | 255.80K | 287.61K | 151.30K | 102.88K | 189.67K | 166.68K | 833.41K |
Total current assets | 15.19M | 19.84M | 12.97M | 13.81M | 10.81M | 11.25M | 9.73M | 7.58M | 9.78M | 9.35M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 1.16M | 1.87M | 2.77M | 1.34M | 522.91K | 450.30K | 412.80K | 430.60K | 466.57K | 561.22K |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term investments | 0 | 0 | 0 | 0 | 2.2K | 0 | 0 | 6.4K | 0 | 0 |
Other non-current assets | -58.82K | 86.44K | 147.17K | 150.50K | 93.41K | 28.19K | 11.52K | 26.6K | 107.07K | 17.63K |
Total non-current assets | 1.41M | 2.85M | 3.80M | 2.78M | 1.37M | 1.41M | 1.90M | 2.87M | 2.42M | 2.37M |
Total assets | 16.64M | 22.66M | 16.76M | 16.60M | 12.19M | 12.66M | 11.63M | 10.46M | 12.21M | 11.73M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 583.32K | 97.96K | 284.47K | 806.47K | 31.07K | 1.36M | 850.03K | 1.34M | 2.53M | 5.60M |
Short term debt | 589.79K | 3.81M | 1.60M | 399.44K | 954.78K | 1.18M | 1.92M | 697.69K | 12.62K | 12.07K |
Total current liabilities | 6.12M | 12.02M | 7.03M | 9.50M | 3.67M | 4.61M | 4.19M | 2.88M | 5.71M | 8.00M |
| Non-current liabilities: | ||||||||||
Long term debt | 145.85K | 607.01K | 1.81M | 1.41M | 17.49K | 250.57K | 0 | 1.92M | 1.07K | 13.70K |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 46.13K | -138.64K | -484.16K | -1.08M | -166.58K | -107.38K | -81.29K | 0 | 2.57M | 0 |
Total non-current liabilities | 191.98K | 607.01K | 1.81M | 1.41M | 17.49K | 250.57K | 3.30M | 1.92M | 2.57M | 13.70K |
Total liabilities | 6.31M | 12.62M | 8.85M | 10.91M | 3.69M | 4.86M | 4.19M | 4.80M | 8.28M | 8.02M |
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