Citizens Bancshares Balance Sheet - Quarterly (OTCMKTS:CZBS)

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$9.21 $0.34 (3.56%) CZBS stock closing price Feb 21, 2017 (Closing)

The fundamental analysis of this company requires a thorough look at Citizens Bancshares balance sheet. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Citizens Bancshares stock analysis. A company releases its balance sheet every quarter along with its quarterly results. Citizens Bancshares balance sheet as at the end of 2016-Q3 indicates an asset turnover ratio of 0.04M and debt to equity ratio of 0.1M. Whereas, Citizens Bancshares revenue was $4.4M and Citizens Bancshares operating cash flow was $1.36M for the same period. View Citizens Bancshares quarterly results to get the balance sheet details for the latest & last 40 quarters data..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Cash54.19M72.58M66.43M48.89M49.04M45.46M59.42M48.41M55.49M52.39M
Marketable Securities0.9M0.9M0.9M0.9M0.35M0.35M0.35M0.35M0.35M0.35M
Receivables197.45M197.09M188.94M184.83M184.44M194.5M191.52M188.73M184.04M184.46M
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Citizens Bancshares Total Current Assets
252.54M270.58M256.27M234.63M233.83M240.31M251.29M237.49M239.89M237.21M
Property Plant & Equipment---19.66M------
Accumulated Depreciation---13.53M------
Citizens Bancshares Net Property Plant & Equipment
6.52M6.64M6.09M6.13M6.24M6.24M6.33M6.39M6.23M6.35M
Investment & Advances124.55M115.69M120.19M124.22M118.28M123.53M117.15M127.64M131.16M136.82M
Other Non-Current Assets2.85M2.84M2.73M4.46M3.89M4.17M4.38M4.66M4.6M6.8M
Deferred Charges----------
Intangibles----------
Deposits & Other Assets20.27M18.4M19.23M19.16M18.75M16.7M19.42M19.43M19.25M19.56M
Citizens Bancshares Total Assets
406.75M414.17M404.52M388.61M381.01M390.98M398.58M395.63M401.14M406.77M
Notes Payable-------0.23M2.34M5.49M
Accounts Payable343.68M351.24M342.41M328.86M325.42M337.1M343.26M340.88M347.94M353.52M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses5M4.84M4.99M4.14M4.76M4.01M4.71M4.92M4.37M4.43M
Income Taxes Payable----------
Other Current Liabilities----------
Citizens Bancshares Total Current Liabilities
348.69M356.08M347.4M333M330.18M341.11M347.97M345.81M352.31M357.95M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt5.22M5.22M5.23M5.23M0.24M0.24M0.24M0.25M0.25M0.26M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Citizens Bancshares Total Liabilities
353.91M361.31M352.63M338.24M330.42M341.35M348.22M346.07M352.57M358.21M
Minority Interest----------
Preferred Stock11.84M11.84M11.84M11.84M11.84M11.84M11.84M11.84M11.84M11.84M
Common Stock Net2.42M2.42M2.41M2.39M2.39M2.39M2.39M2.39M2.38M2.38M
Capital Surplus8.47M8.32M8.32M8.34M8.34M8.34M8.11M8.11M8.13M8.13M
Retained Earnings31.24M30.75M30.24M29.94M29.37M29.01M28.9M28.53M28.04M27.72M
Treasury Stock1.99M1.99M1.98M1.92M1.93M1.93M1.88M1.88M1.88M1.88M
Other Liabilities0.85M1.51M1.05M-0.21M0.55M-0.03M0.99M0.56M0.05M0.35M
Citizens Bancshares Shareholders Equity
52.84M52.86M51.89M50.37M50.58M49.63M50.36M49.56M48.57M48.55M
Citizens Bancshares Total Liabilities & Shareholders Equity
406.75M414.17M404.52M388.61M381.01M390.98M398.58M395.63M401.14M406.77M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Citizens Bancshares stock price, and Citizens Bancshares historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Citizens Bancshares PE ratio chart. Below is a brief explanation of common balance sheet terms:
  • Assets: An asset is a resource that a corporation like Citizens Bancshares owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for CZBS stock as of quarter is $406.75M. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities: The total liabilities of Citizens Bancshares for 2016-Q3 total to $353.91M. Liabilities for a company like Citizens Bancshares include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.
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Citizens Bancshares Balance Sheet - Key Ratios

Current ratio
0.72
Debt to Equity ratio
0.1
Asset Turnover
ratio
0.04
receivables turnover
ratio
0.09
PB ratio (
price to book ratio
)
0.3940

Quarterly Balance Sheets For Citizens Bancshares Corporation (GA) Peers

Bay Banks of Virginia balance sheet, First National balance sheet