Singing Machine Balance Sheet - Annual (OTCMKTS:SMDM)

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$0.65 $0.01 (0.78%) SMDM stock closing price Dec 09, 2016 (Closing)

The fundamental analysis of this company requires a thorough look at Singing Machine balance sheet. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Singing Machine stock analysis. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Singing Machine balance sheet as at the end of 2016 indicates an asset turnover ratio of 4.83M and debt to equity ratio of 1.52M. Whereas, Singing Machine revenue was $48.85M and Singing Machine operating cash flow was $2.55M for the same period. View latest and last 10 year balance sheet data to check Singing Machine financial performance..

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Annual
Quarterly
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Fiscal year is Apr - Mar. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash2.11M0.11M1.49M1.65M0.26M0.67M0.86M0.95M0.44M1.18M
Marketable Securities----------
Receivables1.59M1.6M1.34M1.5M0.94M1.2M0.98M0.97M1.96M1.05M
Inventory3.69M7.44M5.82M4.12M4M3.01M2.8M4.73M3.51M2.28M
Raw Materials----------
Work In Progress----------
Finished Goods4.45M7.86M6.46M4.62M------
Notes Receivable----------
Other Current Assets0.18M0.61M0.69M0.5M0.05M0.13M0.13M0.6M0.54M0.63M
Singing Machine Total Current Assets
7.58M9.78M9.35M7.78M5.27M5.02M4.78M7.26M6.46M5.15M
Property Plant & Equipment3M2.87M2.83M2.6M-----1.49M
Accumulated Depreciation2.57M2.4M2.27M2.12M-----1.04M
Singing Machine Net Property Plant & Equipment
0.43M0.46M0.56M0.48M0.29M0.33M0.73M0.88M0.59M0.44M
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges2.43M1.95M1.79M1.19M------
Intangibles----------
Deposits & Other Assets0.01M0.01M0.01M0.15M0.15M0.16M0.16M0.17M0.16M0.05M
Singing Machine Total Assets
10.46M12.21M11.73M9.62M5.73M5.52M5.68M8.32M7.23M5.65M
Notes Payable0.69M0.49M----1.09M---
Accounts Payable0.72M2.76M1.91M1.13M1.3M1.11M0.89M2.58M1.14M0.9M
Current Portion Long-Term Debt--2.5M--0.01M0.01M0.01M--
Current Portion Capital Leases-0.01M0.01M-------
Accrued Expenses0.65M0.45M0.44M0.68M0.16M0.25M0.22M0.42M0.4M0.62M
Income Taxes Payable---------0.22M
Other Current Liabilities0.81M1.98M3.13M2.7M4.81M5.19M3.9M2.69M1.61M1M
Singing Machine Total Current Liabilities
2.88M5.71M8M4.52M6.29M6.57M6.13M5.72M3.16M2.76M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt1.92M2.52M0.01M2.5M--0.01M0.02M--
Non-Current Capital Leases----------
Other Long-Term Liabilities-0.04M--------
Singing Machine Total Liabilities
4.8M8.28M8.02M7.02M6.29M6.57M6.13M5.74M3.16M2.76M
Minority Interest----------
Preferred Stock----------
Common Stock Net0.38M0.38M0.38M0.38M0.37M0.37M0.37M0.37M0.31M0.27M
Capital Surplus19.33M19.3M19.26M19.15M19.14M19.11M19.09M19.07M18.43M17.3M
Retained Earnings-14.05M-15.76M-15.93M-16.93M-20.07M-20.54M-19.92M-16.87M-14.68M-14.68M
Treasury Stock----------
Other Liabilities-0.01M---------
Singing Machine Shareholders Equity
5.65M3.92M3.7M2.59M-0.55M-1.04M-0.44M2.57M4.06M2.89M
Singing Machine Total Liabilities & Shareholders Equity
10.46M12.21M11.73M9.62M5.73M5.52M5.68M8.32M7.23M5.65M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Singing Machine stock price, and Singing Machine historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Singing Machine PE ratio chart. Below is a brief explanation of common balance sheet terms:
  • Assets: An asset is a resource that a corporation like Singing Machine 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 SMDM stock as of year is $10.46M. 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 Singing Machine for 2016 total to $4.8M. Liabilities for a company like Singing Machine 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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Singing Machine Balance Sheet - Key Ratios

Current ratio
1.21
Debt to Equity ratio
1.52
Asset Turnover
ratio
4.83
receivables turnover
ratio
5.34
PB ratio (
price to book ratio
)
4.2850