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 $22,665,854 last year, which is more than in the previous period. 56% of The Singing Machine Company’s total assets is currently financed by debt. Its liabilities reached the amount of $12,629,430, which means an increase by 43% compared compared to last year.
Debt to Assets
| 2012 | 5733339 | 6.29M | 109.73% |
|---|---|---|---|
| 2013 | 9626665 | 7.02M | 73.01% |
| 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 | 12193145 | 3.67M | 30.14% |
| 2019 | 16601137 | 10.91M | 65.74% |
| 2020 | 16761911 | 8.85M | 52.81% |
| 2021 | 22665854 | 12.62M | 55.72% |
SMDM Balance Sheet (2012 – 2021)
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 2.29M | 396.57K | 345.2K | 211.40K | 2.30M | 2.11M | 116.28K | 1.35M | 1.65M | 267.46K |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 6.85M | 5.61M | 4.29M | 2.23M | 1.89M | 1.59M | 1.60M | 1.34M | 1.50M | 948.35K |
Inventory | 14.16M | 5.49M | 7.60M | 6.02M | 5.42M | 3.69M | 7.44M | 5.82M | 4.12M | 4.00M |
Other current assets | 236.43K | 255.80K | 287.61K | 151.30K | 102.88K | 189.67K | 615.96K | 833.41K | 505.78K | 53.23K |
Total current assets | 19.84M | 12.97M | 13.81M | 10.81M | 9.73M | 7.58M | 9.78M | 9.35M | 7.78M | 5.27M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 1.84M | 2.74M | 1.34M | 522.91K | 412.80K | 430.60K | 466.57K | 561.22K | 482.77K | 296.22K |
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 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current assets | -887.16K | -1.28M | -758.36K | -937.13K | 11.52K | 33K | 107.07K | 17.63K | 159.95K | 159.67K |
Total non-current assets | 1.84M | 2.74M | 1.34M | 522.91K | 1.90M | 2.87M | 2.42M | 2.37M | 1.84M | 455.89K |
Total assets | 22.66M | 16.76M | 16.60M | 12.19M | 11.63M | 10.46M | 12.21M | 11.73M | 9.62M | 5.73M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 284.47K | 806.47K | 31.07K | -1.18M | 0 | 0 | 0 | 0 | 0 | 0 |
Short term debt | 1.60M | 63.09K | 940.36K | 1.18M | 1.92M | 696.61K | 0 | 0 | 0 | 0 |
Total current liabilities | 12.02M | 7.03M | 9.50M | 3.67M | 4.19M | 2.88M | 5.71M | 8.00M | 4.52M | 6.29M |
| Non-current liabilities: | ||||||||||
Long term debt | 138.64K | 484.16K | 1.08M | 250.57K | 0 | 1.92M | 0 | 0 | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | -138.64K | -484.16K | -1.08M | 0 | 0 | 0 | 2.57M | 13.70K | 2.5M | 0 |
Total non-current liabilities | 138.64K | 484.16K | 1.08M | 250.57K | 0 | 1.92M | 2.57M | 13.70K | 2.5M | 0 |
Total liabilities | 12.62M | 8.85M | 10.91M | 3.67M | 4.19M | 4.80M | 8.28M | 8.02M | 7.02M | 6.29M |
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