Schmitt Industries
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Schmitt Industries's balance sheet done over the years? Its assets were worth $22,839,296 last year, which is more than in the previous period. 97% of Schmitt Industries’s total assets is currently financed by debt. Its liabilities reached the amount of $22,234,091, which means an increase by 28% compared compared to last year.
Debt to Assets
| 2013 | 11624598 | 1.60M | 13.85% |
|---|---|---|---|
| 2014 | 10824391 | 1.21M | 11.19% |
| 2015 | 11103935 | 1.61M | 14.55% |
| 2016 | 9634740 | 1.63M | 16.93% |
| 2017 | 9006344 | 2.02M | 22.53% |
| 2018 | 11286060 | 1.77M | 15.69% |
| 2019 | 9865253 | 1.37M | 13.95% |
| 2020 | 13201226 | 1.30M | 9.91% |
| 2021 | 21173930 | 17.40M | 82.2% |
| 2022 | 22839296 | 22.23M | 97.35% |
SMIT Balance Sheet (2013 – 2022)
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 1.05M | 4.03M | 10.14M | 1.41M | 2.05M | 867.60K | 988.68K | 1.79M | 1.51M | 1.90M |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 751.55K | 1.17M | 574.92K | 1.99M | 2.04M | 2.35M | 2.10M | 2.66M | 2.23M | 2.02M |
Inventory | 1.44M | 1.55M | 1.05M | 5.01M | 5.71M | 4.20M | 4.72M | 4.55M | 4.78M | 5.05M |
Other current assets | 759.85K | 198.34K | 480.67K | 206.67K | 207.27K | 115.75K | 132.23K | 153.97K | 152.23K | 219.49K |
Total current assets | 4.00M | 6.95M | 12.26M | 8.63M | 10.01M | 7.53M | 7.95M | 9.16M | 8.68M | 9.21M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 17.79M | 13.70M | 652.13K | 839.37K | 770.91K | 865.22K | 965.45K | 1.11M | 1.19M | 1.33M |
Goodwill | 0 | -337.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 127.18K | 337.72M | 287.60K | 392.18K | 496.76K | 601.35K | 712.88K | 824.41K | 943.64K | 1.07M |
Long term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current assets | 915.68K | 174.84K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total non-current assets | 18.83M | 14.21M | 939.73K | 1.23M | 1.26M | 1.46M | 1.67M | 1.93M | 2.13M | 2.41M |
Total assets | 22.83M | 21.17M | 13.20M | 9.86M | 11.28M | 9.00M | 9.63M | 11.10M | 10.82M | 11.62M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 116.30K | 93.36K | 12.23K | 188.23K | 0 | 0 | 0 | 0 | 0 | 0 |
Short term debt | 1.97M | 1.58M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total current liabilities | 5.82M | 4.00M | 1.30M | 1.34M | 1.77M | 2.02M | 1.63M | 1.61M | 1.21M | 1.60M |
| Non-current liabilities: | ||||||||||
Long term debt | 16.40M | 3.25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 10.14M | 0 | 28.54K | 0 | 0 | 0 | 0 | 0 | 0 |
Total non-current liabilities | 16.40M | 13.39M | 0 | 28.54K | 0 | 0 | 0 | 0 | 0 | 0 |
Total liabilities | 22.23M | 17.40M | 1.30M | 1.37M | 1.77M | 2.02M | 1.63M | 1.61M | 1.21M | 1.60M |
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