Summit Financial Balance Sheet - Annual (NASDAQ:SMMF)

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$24.34 $0.1 (0.41%) SMMF stock closing price Feb 22, 2017 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Summit Financial stock analysis. 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. 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
Cash9.48M12.51M11.78M14.8M32.69M50.34M41.06M11.46M21.54M
Marketable Securities---------
Receivables1.08B1.03B942.73M942.78M971.3M1B1.14B1.2B1.06B
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
1.1B1.04B954.84M957.81M1B1.05B1.18B1.21B1.08B
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
21.57M20.06M20.62M21.12M22.08M23.09M24.23M22.43M22.13M
Investment & Advances289.74M289.01M296.59M296.19M305.74M294.67M295.66M350.62M300.06M
Other Non-Current Assets--------2.27M
Deferred Charges---------
Intangibles7.49M7.69M7.94M8.3M8.65M9M9.35M9.7M10.05M
Deposits & Other Assets78.47M88.07M106.21M103.66M109.64M99.81M70.65M32.53M18.41M
Summit Financial Total Assets
1.49B1.44B1.39B1.39B1.45B1.48B1.58B1.63B1.44B
Notes Payable171.39M123.63M62.76M3.95M15.95M1.58M49.73M153.1M172.05M
Accounts Payable1.07B1.06B1B1.03B1.02B1.04B1.02B965.85M828.68M
Current Portion Long-Term Debt---------
Current Portion Capital Leases---------
Accrued Expenses---------
Income Taxes Payable---------
Other Current Liabilities---------
Summit Financial Total Current Liabilities
1.24B1.18B1.07B1.03B1.03B1.04B1.07B1.12B1B
Mortgages---------
Deferred Taxes/Income---------
Convertible Debt---------
Long-Term Debt95.17M113.87M199.9M239.65M306.64M340.49M417.88M412.33M315.73M
Non-Current Capital Leases---------
Other Long-Term Liabilities15.41M13.09M8.66M7.8M8.45M9.63M9M8.58M10.04M
Summit Financial Total Liabilities
1.35B1.31B1.28B1.28B1.35B1.39B1.49B1.54B1.35B
Minority Interest--------19.58M
Preferred Stock-9.18M9.29M9.32M9.32M3.51M3.51M--
Common Stock Net45.74M32.67M24.66M24.52M24.51M24.5M24.5M24.45M24.39M
Capital Surplus---------
Retained Earnings100.42M87.71M77.13M69.84M64.9M61.2M63.47M64.7M65.07M
Treasury Stock1.96M--------
Other Liabilities-0.45M2.07M-0.02M4.86M3.81M0.59M-0.84M-1.91M-0.04M
Summit Financial Shareholders Equity
143.74M131.64M111.07M108.55M102.56M89.82M90.66M87.24M89.42M
Summit Financial Total Liabilities & Shareholders Equity
1.49B1.44B1.39B1.39B1.45B1.48B1.58B1.63B1.44B
All figures in USD. M: Millions of USD, B: Billions of USD.
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The latest Summit Financial stock price, and Summit Financial historical stock prices show the stock price movement over time, and the Summit Financial PE ratio chart displays the PE ratio movement. Apart from stock price, one should also look at balance sheet items which mainly comprise of the following:
  • 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: The total liabilities of Summit Financial for 2015 total to $1.35B. Liabilities for a company like Summit Financial 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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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

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