Southern States Bancshares
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Southern States Bancshares's balance sheet done over the years? Its assets were worth $2,446,663,000 last year, which is more than in the previous period. 91% of Southern States Bancshares’s total assets is currently financed by debt. Its liabilities reached the amount of $2,231,699,000, which means an increase by 20% compared compared to last year.
Debt to Assets
| 2018 | 887606581 | 792.13M | 89.24% |
|---|---|---|---|
| 2019 | 1095491000 | 968.85M | 88.44% |
| 2020 | 1332506000 | 1.19B | 89.44% |
| 2021 | 1782970000 | 1.60B | 90.06% |
| 2022 | 2044866000 | 1.86B | 91.11% |
| 2023 | 2446663000 | 2.23B | 91.21% |
SSBK Balance Sheet (2018 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
Assets | ||||||
Current assets: | ||||||
Cash and cash equivalents | 154.55M | 105.45M | 209.93M | 74.73M | 91.11M | 84.95M |
Short term investments | 179M | 155.54M | 132.17M | 114.00M | 59.94M | 0 |
Net receivables | 8.71M | 6.96M | 4.17M | 4.24M | 2.98M | 0 |
Inventory | 0 | -178.39M | -291.05M | -99.37M | -126.50M | 0 |
Other current assets | 0 | 178.39M | 291.05M | 99.37M | 126.50M | 0 |
Total current assets | 250.65M | 267.96M | 346.27M | 192.97M | 154.05M | 84.95M |
Non-current assets: | ||||||
Property, Plant and Equipment | 26.42M | 27.34M | 27.04M | 24.42M | 20.12M | 16.30M |
Goodwill | 16.86M | 16.86M | 16.86M | 16.86M | 16.86M | 6.04M |
Intangible assets | 899K | 1.22M | 1.5M | 1.76M | 2.02M | 334.00K |
Long term investments | 202.28M | 180.43M | 161.07M | 119.01M | 59.94M | 0 |
Other non-current assets | 1.94B | -192.64M | -5.81M | -4.77M | -3.53M | -22.68M |
Total non-current assets | 2.18B | 45.43M | 206.48M | 162.07M | 98.96M | 22.68M |
Total assets | 2.44B | 2.04B | 1.78B | 1.33B | 1.09B | 887.60M |
Liabilities | ||||||
| Current liabilities: | ||||||
Accounts payable | ||||||
Deferred revenue | 0 | 0 | 0 | 0 | 0 | 0 |
Short term debt | 58M | -19K | 12.49M | 7.97M | 7.98M | 0 |
Total current liabilities | 0 | 565K | 12.63M | 8.25M | 8.45M | 348.82K |
| Non-current liabilities: | ||||||
Long term debt | 125.67M | 117.29M | 38.44M | 35.39M | 4.47M | 4.46M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 2.10B | -116.73M | -38.44M | -35.39M | -4.47M | -4.46M |
Total non-current liabilities | 2.23B | 565K | 38.44M | 35.39M | 4.47M | 4.46M |
Total liabilities | 2.23B | 1.86B | 1.60B | 1.19B | 968.85M | 792.13M |
| Data source | Data source | Data source |