Sturgis Bancorp
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Sturgis Bancorp's balance sheet done over the years? Its assets were worth $919,472,000 last year, which is more than in the previous period. 94% of Sturgis Bancorp’s total assets is currently financed by debt. Its liabilities reached the amount of $863,704,000, which means an increase by 6% compared compared to last year.
Debt to Assets
| 2014 | 312455000 | 282.10M | 90.29% |
|---|---|---|---|
| 2015 | 368559000 | 335.94M | 91.15% |
| 2016 | 398629000 | 363.90M | 91.29% |
| 2017 | 414432000 | 377.17M | 91.01% |
| 2018 | 431575000 | 391.37M | 90.69% |
| 2019 | 473371000 | 429.79M | 90.8% |
| 2020 | 643606000 | 596.49M | 92.68% |
| 2021 | 751735000 | 699.29M | 93.02% |
| 2022 | 864805000 | 812.25M | 93.92% |
| 2023 | 919472000 | 863.70M | 93.93% |
STBI Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 40.00M | 14.98M | 40.01M | 69.08M | 25.91M | 32.75M | 35.57M | 29.18M | 32.67M | 28.62M |
Short term investments | -31.44M | 63.15M | 83.13M | 73.07M | 55.58M | 46.20M | 25.31M | 32.38M | 27.63M | 7.04M |
Net receivables | 0 | 2.69M | 1.89M | 2.45M | 1.61M | 1.55M | 0 | 1.40M | 0 | 868K |
Inventory | 0 | -18.05M | -41.91M | -71.88M | -27.72M | 0 | -37.55M | -31.27M | -34.68M | 0 |
Other current assets | 43.23M | 18.05M | 41.91M | 71.88M | 27.72M | 269.82M | 0 | 31.27M | 0 | 0 |
Total current assets | 51.79M | 80.83M | 125.04M | 144.61M | 83.10M | 350.33M | 62.41M | 62.97M | 61.49M | 36.53M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 19.13M | 17.43M | 13.23M | 11.84M | 9.36M | 9.27M | 8.98M | 8.36M | 8.11M | 7.50M |
Goodwill | 5.83M | 5.83M | 5.83M | 5.83M | 5.83M | 5.83M | 5.83M | 5.83M | 5.83M | 5.10M |
Intangible assets | 2.97M | 2.96M | 3.01M | 2.32M | 1.22M | 1.32M | 1.36M | 1.47M | 1.66M | 1.41M |
Long term investments | 42.07M | 85.22M | 107.48M | 73.07M | 55.58M | 51.67M | 60.89M | 66.15M | 46.88M | 12.83M |
Other non-current assets | 809.18M | -111.46M | -129.55M | -93.07M | -72.00M | 13.13M | -77.07M | -81.82M | -62.49M | -26.86M |
Total non-current assets | 879.21M | 111.46M | 129.55M | 93.07M | 72.00M | 81.24M | 77.07M | 81.82M | 62.49M | 26.86M |
Total assets | 919.47M | 864.80M | 751.73M | 643.60M | 473.37M | 431.57M | 414.43M | 398.62M | 368.55M | 312.45M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | -32.07M | 0 | 0 | 0 | 0 | -31.49M | 0 | 0 |
Short term debt | 0 | 0 | 32.5M | 0 | 0 | 0 | 0 | 31.73M | 0 | 0 |
Total current liabilities | 593.56M | 760K | 425K | 477K | 438K | 375K | 239K | 243K | 243K | 238K |
| Non-current liabilities: | ||||||||||
Long term debt | 54.83M | 85.75M | 103.67M | 76.1M | 70M | 44.10M | 34.44M | 61.18M | 47.81M | 44.21M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 216.96M | -84.99M | -103.67M | -76.1M | -70M | 0 | -34.44M | -61.18M | -47.81M | -44.21M |
Total non-current liabilities | 271.79M | 760K | 103.67M | 76.1M | 70M | 44.10M | 34.44M | 61.18M | 47.81M | 44.21M |
Total liabilities | 863.70M | 812.25M | 699.29M | 596.49M | 429.79M | 391.37M | 377.17M | 363.90M | 335.94M | 282.10M |