Twin Vee Powercats
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Twin Vee Powercats's balance sheet done over the years? Its assets were worth $39,846,713 last year, which is more than in the previous period. 20% of Twin Vee Powercats’s total assets is currently financed by debt. Its liabilities reached the amount of $7,797,098, which means an increase by 50% compared compared to last year.
Debt to Assets
| 2019 | 2257904 | 2.14M | 94.88% |
|---|---|---|---|
| 2020 | 4504566 | 2.95M | 65.62% |
| 2021 | 20599184 | 3.89M | 18.93% |
| 2022 | 38231480 | 5.21M | 13.63% |
| 2023 | 39846713 | 7.79M | 19.57% |
VEEE Balance Sheet (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Assets | |||||
Current assets: | |||||
Cash and cash equivalents | 16.49M | 23.50M | 6.97M | 891.81K | 215.57K |
Short term investments | 4.46M | 1.48M | 2.99M | 0 | 0 |
Net receivables | 80.16K | 14.16K | 292.05K | 6.1K | -1 |
Inventory | 4.88M | 4.00M | 1.79M | 936.67K | 704.15K |
Other current assets | 720.75K | 882.41K | 903.75K | 350 | 12.19K |
Total current assets | 26.64M | 29.88M | 13.07M | 1.83M | 931.92K |
Non-current assets: | |||||
Property, Plant and Equipment | 13.14M | 6.86M | 4.43M | 2.64M | 1.32M |
Goodwill | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 0 | 0 | 0 | 0 | 0 |
Long term investments | 0 | 1.44M | 3.06M | 0 | 0 |
Other non-current assets | 51.41K | 32.51K | 25K | 25K | -1.32M |
Total non-current assets | 13.20M | 8.34M | 7.52M | 2.66M | 1.32M |
Total assets | 39.84M | 38.23M | 20.59M | 4.50M | 2.25M |
Liabilities | |||||
| Current liabilities: | |||||
Accounts payable | |||||
Deferred revenue | 44.19K | 5.3K | 14.1K | 6.78K | 71.50K |
Short term debt | 1.39M | 479.31K | 368.60K | 323.22K | 445.76K |
Total current liabilities | 4.21M | 3.79M | 2.15M | 1.44M | 1.61M |
| Non-current liabilities: | |||||
Long term debt | 3.58M | 1.41M | 1.74M | 1.51M | 525.5K |
Deferred tax | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 0 | 0 | -525.5K |
Total non-current liabilities | 3.58M | 1.41M | 1.74M | 1.51M | 525.5K |
Total liabilities | 7.79M | 5.21M | 3.89M | 2.95M | 2.14M |
| Data source | Data source | Data source |