Summit Financial Balance Sheet - Annual (NASDAQ:SMMF)

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$29.32 $0.35 (1.21%) SMMF stock closing price Dec 06, 2016 (Closing)

The Summit Financial balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. 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 announcements include the release of all three financial statements, of which the balance sheet is one. Summit Financial balance sheet as at the end of 2015 indicates an asset turnover ratio of 0.05M and debt to equity ratio of 1.72M. Whereas, Summit Financial revenue was $70.74M and Summit Financial operating cash flow was $23.64M for the same period. 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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Most investors just check the Summit Financial stock price, and Summit Financial historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Summit Financial PE ratio chart. Below is a brief explanation of common balance sheet terms:
  • Assets: Anything that the Summit Financial company owns and is a part of its books. Assets can be of three types: fixed, current and other assets which includes intangibles, advances. Internet companies typically don't have a lot of assets as there is not much investment in say machinery, equipment etc. Summit Financial had total assets of $1.49B.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Summit Financial's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for SMMF stock stand at $1.35B.
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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
)
2.1330