Summit Financial Balance Sheet - Annual (NASDAQ:SMMF)

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$25.81 $0.89 (3.33%) SMMF stock closing price Jan 17, 2017 (Closing)

The fundamental analysis of this company requires a thorough look at Summit Financial 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 Summit Financial stock analysis. Quarterly results are typically accompanied with the company releasing financial statements. The Summit Financial balance sheet for 2015 shows cash on hand of $9.48M. The cash has decreased by $3.03M. Summit Financial revenue was $70.74M and Summit Financial operating cash flow was $23.64M. View latest and last 10 year balance sheet data to check Summit Financial financial performance..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Cash9.48M12.51M11.78M14.8M32.69M50.34M41.06M11.46M21.54M12.81M
Marketable Securities----------
Receivables1.08B1.03B942.73M942.78M971.3M1B1.14B1.2B1.06B922.39M
Inventory0.77M0.52M0.32M0.22M-0.34M-0.97M1.37M-
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Summit Financial Total Current Assets
1.1B1.04B954.84M957.81M1B1.05B1.18B1.21B1.08B935.21M
Property Plant & Equipment42.32M39.73M39.25M39.06M38.93M38.61M39.35M36.09M--
Accumulated Depreciation20.74M19.67M18.62M17.93M16.85M15.52M15.11M13.65M--
Summit Financial Net Property Plant & Equipment
21.57M20.06M20.62M21.12M22.08M23.09M24.23M22.43M22.13M22.48M
Investment & Advances289.74M289.01M296.59M296.19M305.74M294.67M295.66M350.62M300.06M247.87M
Other Non-Current Assets--------2.27M9.71M
Deferred Charges----------
Intangibles7.49M7.69M7.94M8.3M8.65M9M9.35M9.7M10.05M3.19M
Deposits & Other Assets78.47M88.07M106.21M103.66M109.64M99.81M70.65M32.53M18.41M16.34M
Summit Financial Total Assets
1.49B1.44B1.39B1.39B1.45B1.48B1.58B1.63B1.44B1.23B
Notes Payable171.39M123.63M62.76M3.95M15.95M1.58M49.73M153.1M172.05M60.42M
Accounts Payable1.07B1.06B1B1.03B1.02B1.04B1.02B965.85M828.68M888.68M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities----------
Summit Financial Total Current Liabilities
1.24B1.18B1.07B1.03B1.03B1.04B1.07B1.12B1B949.11M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt95.17M113.87M199.9M239.65M306.64M340.49M417.88M412.33M315.73M174.29M
Non-Current Capital Leases----------
Other Long-Term Liabilities15.41M13.09M8.66M7.8M8.45M9.63M9M8.58M10.04M11.95M
Summit Financial Total Liabilities
1.35B1.31B1.28B1.28B1.35B1.39B1.49B1.54B1.35B1.15B
Minority Interest--------19.58M19.58M
Preferred Stock-9.18M9.29M9.32M9.32M3.51M3.51M---
Common Stock Net45.74M32.67M24.66M24.52M24.51M24.5M24.5M24.45M24.39M18.02M
Capital Surplus----------
Retained Earnings100.42M87.71M77.13M69.84M64.9M61.2M63.47M64.7M65.07M62.2M
Treasury Stock1.96M---------
Other Liabilities-0.45M2.07M-0.02M4.86M3.81M0.59M-0.84M-1.91M-0.04M-0.35M
Summit Financial Shareholders Equity
143.74M131.64M111.07M108.55M102.56M89.82M90.66M87.24M89.42M79.87M
Summit Financial Total Liabilities & Shareholders Equity
1.49B1.44B1.39B1.39B1.45B1.48B1.58B1.63B1.44B1.23B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Summit Financial stock price by looking at Summit Financial historical stock prices. One can compare PE with industry average by looking at the Summit Financial PE ratio chart. The common balance sheet items are:
  • Assets: SMMF total assets, which was at $1.49B for 2015 is a balance sheet item representing value of what Summit Financial owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities include short term loans and long term loans availed by the company to fund its business operations. SMMF stock had total liabilities of $1.35B for year 2015.
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Summit Financial Balance Sheet - Key Ratios

Current ratio
0.92
Debt to Equity ratio
1.72
Asset Turnover
ratio
0.05
receivables turnover
ratio
0.06
PB ratio (
price to book ratio
)
1.8780