Singing Machine Balance Sheet - Quarterly (OTCMKTS:SMDM)

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$0.48 $0.06 (11.11%) SMDM stock closing price Mar 22, 2017 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like Singing Machine, and helps in stock analysis. How cash on hand has increased or decreased is one of the many indicators used while undertaking the Singing Machine stock analysis, and provides insights into the firm's financial performance. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Singing Machine operating cash flow was $-3.37M while Singing Machine revenue stood at $16.32M. View Singing Machine quarterly results to get the balance sheet details for the latest & last 40 quarters data..

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Quarterly
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Fiscal year is Apr - Mar. 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2
Cash0.4M0.94M0.44M2.11M0.23M0.44M0.36M0.11M0.47M0.31M
Marketable Securities----------
Receivables9.96M18.77M3.8M1.59M10.93M18.56M1.76M1.6M8.75M10.16M
Inventory5.37M8.62M8.36M3.69M4.07M9.54M8.11M7.44M7.64M15.05M
Raw Materials0.05M1.24M1.7M-0.1M1.51M0.6M-0.18M3.57M
Work In Progress----------
Finished Goods6.24M8.23M7.49M4.45M4.53M8.56M7.89M7.86M7.99M12.17M
Notes Receivable----------
Other Current Assets0.14M0.13M0.22M0.18M0.97M0.6M0.92M0.61M0.37M0.94M
Singing Machine Total Current Assets
15.89M28.48M12.83M7.58M16.21M29.16M11.16M9.78M17.23M26.48M
Property Plant & Equipment3.11M3.08M3.07M3M3.01M3M2.91M2.87M2.87M2.86M
Accumulated Depreciation2.7M2.66M2.62M2.57M2.52M2.47M2.44M2.4M2.37M2.33M
Singing Machine Net Property Plant & Equipment
0.41M0.41M0.45M0.43M0.48M0.52M0.47M0.46M0.5M0.53M
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges1.1M1.73M2.61M2.43M1.15M1.64M1.93M1.95M1.9M1.92M
Intangibles----------
Deposits & Other Assets0.01M0.01M0.01M0.01M0.01M0.01M0.01M0.01M0.01M0.01M
Singing Machine Total Assets
17.42M30.65M15.91M10.46M17.87M31.34M13.58M12.21M19.66M28.95M
Notes Payable0.69M0.49M----1.09M---
Accounts Payable1.49M10.14M6.32M0.72M2.14M9.26M3.02M2.76M4.39M11.35M
Current Portion Long-Term Debt4.19M10.02M--1.79M8.54M1.53M-2.42M5.35M
Current Portion Capital Leases-----0.01M0.01M0.01M0.01M0.01M
Accrued Expenses2.06M1.96M0.73M0.65M2.06M1.67M0.61M0.45M1.32M1.15M
Income Taxes Payable----------
Other Current Liabilities1.07M0.98M1.13M0.81M2.58M4.44M1.87M1.98M3.86M4.47M
Singing Machine Total Current Liabilities
9.01M23.58M8.75M2.88M9.42M24.9M7.61M5.71M12.69M22.74M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt--1.92M1.92M1.92M1.92M2.47M2.52M2.35M2.63M
Non-Current Capital Leases----------
Other Long-Term Liabilities------0.06M0.04M--
Singing Machine Total Liabilities
9.01M23.58M10.68M4.8M11.34M26.82M10.15M8.28M15.05M25.38M
Minority Interest----------
Preferred Stock----------
Common Stock Net0.38M0.38M0.38M0.38M0.38M0.38M0.38M0.38M0.38M0.38M
Capital Surplus19.4M19.37M19.34M19.33M19.32M19.31M19.3M19.3M19.3M19.3M
Retained Earnings-11.37M-12.68M-14.49M-14.05M-13.17M-15.18M-16.25M-15.76M-15.07M-16.11M
Treasury Stock----------
Other Liabilities----0.01M------
Singing Machine Shareholders Equity
8.41M7.07M5.23M5.65M6.52M4.51M3.43M3.92M4.6M3.57M
Singing Machine Total Liabilities & Shareholders Equity
17.42M30.65M15.91M10.46M17.87M31.34M13.58M12.21M19.66M28.95M
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 monetary significance. SMDM assets decreased from $30.65M in 2017-Q2 to $17.42M in 2017-Q3 . Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities: The total liabilities of Singing Machine for 2017-Q3 total to $9.01M. 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
1.76
Debt to Equity ratio
0.58
Asset Turnover
ratio
2.72
receivables turnover
ratio
5.88
PB ratio (
price to book ratio
)
2.7920