Omnitek Engineering 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 Omnitek Engineering Corp.'s balance sheet done over the years? Its assets were worth $847,161 last year, which is less than in the previous period. 240% of Omnitek Engineering Corp.’s total assets is currently financed by debt. Its liabilities reached the amount of $2,032,851, which means an decrease by -3% compared compared to last year.
Debt to Assets
| 2014 | 3105033 | 535.92K | 17.26% |
|---|---|---|---|
| 2015 | 2360908 | 572.31K | 24.24% |
| 2016 | 2026978 | 745.53K | 36.78% |
| 2017 | 1628277 | 1.15M | 70.73% |
| 2018 | 1448230 | 1.35M | 93.46% |
| 2019 | 1114731 | 1.54M | 138.65% |
| 2020 | 976772 | 1.85M | 189.49% |
| 2021 | 1425308 | 2.23M | 156.67% |
| 2022 | 1113089 | 2.09M | 188.59% |
| 2023 | 847161 | 2.03M | 239.96% |
OMTK Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 73.70K | 56.37K | 59.67K | 60.72K | 20.23K | 17.06K | 23.27K | 17.78K | 105.84K | 591.56K |
Short term investments | 0 | 7.65K | 4.23K | 38.61K | 2.50K | 5.81K | 17.38K | 21.71K | 19.74K | 92.77K |
Net receivables | 13.53K | 12.43K | 22.77K | 40.02K | 37.39K | 32.88K | 11.42K | 35.16K | 48.09K | 71.15K |
Inventory | 370.83K | 543.35K | 717.04K | 821.86K | 1.02M | 1.35M | 1.55M | 1.86M | 2.10M | 2.33M |
Other current assets | 24.44K | 9.90K | 4.23K | 38.61K | 2.50K | 5.81K | 17.38K | 52.68K | 25.79K | 96.97K |
Total current assets | 482.52K | 619.82K | 803.72K | 961.22K | 1.08M | 1.41M | 1.60M | 1.98M | 2.28M | 3.00M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 351.12K | 479.75K | 608.07K | 1.26K | 1.80K | 2.37K | 7.25K | 31.83K | 59.15K | 88.71K |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 281 | 1.34K |
Long term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current assets | 13.51K | 13.51K | 13.51K | 14.28K | 30.42K | 30.42K | 14.28K | 14.28K | 14.28K | 14.28K |
Total non-current assets | 364.64K | 493.26K | 621.58K | 15.54K | 32.23K | 32.80K | 21.53K | 46.11K | 73.71K | 104.34K |
Total assets | 847.16K | 1.11M | 1.42M | 976.77K | 1.11M | 1.44M | 1.62M | 2.02M | 2.36M | 3.10M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 310.02K | 231.41K | 245.87K | 351.38K | 238.68K | 224.83K | 242.41K | 87.11K | 230.34K | 345.84K |
Short term debt | 311.67K | 166.58K | 152.23K | 84.55K | 42K | 115K | 30K | 0 | 0 | 0 |
Total current liabilities | 1.57M | 1.51M | 1.51M | 1.62M | 1.53M | 1.35M | 1.15M | 745.53K | 572.31K | 535.92K |
| Non-current liabilities: | ||||||||||
Long term debt | 453.33K | 585.20K | 716.46K | 229.44K | 15K | 0 | 0 | 0 | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 0 | -229.44K | -15K | 0 | 0 | 0 | 0 | 0 |
Total non-current liabilities | 453.33K | 585.20K | 716.46K | 229.44K | 15K | 0 | 0 | 0 | 0 | 0 |
Total liabilities | 2.03M | 2.09M | 2.23M | 1.85M | 1.54M | 1.35M | 1.15M | 745.53K | 572.31K | 535.92K |
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