Summit Financial Balance Sheet - Quarterly (NASDAQ:SMMF)

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$24.34 $0.1 (0.41%) SMMF stock closing price Feb 22, 2017 (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. Financial strength can be guaged by performing Summit Financial stock analysis and by analyzing the balance sheet. Quarterly results are typically accompanied with the company releasing financial statements. The Summit Financial balance sheet for 2016-Q3 shows total assets of $1.66B. Summit Financial revenue was $20.74M and Summit Financial operating cash flow was $16.55M for the same quarter. View Summit Financial quarterly results to get the balance sheet details for the latest & last 40 quarters data..

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Fiscal year is Jan - Dec. 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Cash34.49M13.05M16.66M9.48M12.28M13.26M12.28M12.51M13.23M13.71M
Marketable Securities----------
Receivables1.24B1.17B1.1B1.08B1.07B1.07B1.05B1.03B998.81M998.49M
Inventory-0.24M0.61M0.77M0.08M-0.08M0.52M0.31M0.41M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Summit Financial Total Current Assets
1.27B1.19B1.12B1.1B1.08B1.08B1.06B1.04B1.01B1.01B
Property Plant & Equipment---42.32M---39.73M--
Accumulated Depreciation---20.74M---19.67M--
Summit Financial Net Property Plant & Equipment
21.8M21.4M21.58M21.57M20.45M20.49M20.2M20.06M20.13M20.3M
Investment & Advances275.28M273.86M281.61M289.74M279.14M285.24M289.38M289.01M289.79M295.31M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles7.34M7.39M7.44M7.49M7.54M7.59M7.64M7.69M7.74M7.79M
Deposits & Other Assets78.62M77.13M78.62M78.47M82.14M83.43M85.64M88.07M98.63M99.9M
Summit Financial Total Assets
1.66B1.57B1.51B1.49B1.47B1.48B1.46B1.44B1.43B1.44B
Notes Payable171.39M123.63M62.76M3.95M15.95M1.58M49.73M153.1M172.05M60.42M
Accounts Payable1.16B1.1B1.09B1.07B1.07B1.05B1.06B1.06B1.05B1.06B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities----------
Summit Financial Total Current Liabilities
1.39B1.3B1.25B1.24B1.22B1.23B1.21B1.18B1.18B1.15B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt93.73M94.21M94.69M95.17M95.64M98.62M101.6M113.87M114.85M158.33M
Non-Current Capital Leases----------
Other Long-Term Liabilities18.64M18.2M19.76M15.41M15.98M13.36M15.7M13.09M10.56M10.63M
Summit Financial Total Liabilities
1.5B1.41B1.36B1.35B1.33B1.34B1.32B1.31B1.31B1.32B
Minority Interest----------
Preferred Stock-------9.18M9.28M9.28M
Common Stock Net46.11M45.96M45.82M45.74M45.61M45.56M43.07M32.67M24.69M24.69M
Capital Surplus----------
Retained Earnings109.8M106.59M103.41M100.42M97.12M94.31M91.17M87.71M84.71M81.56M
Treasury Stock1.68M1.77M1.86M1.96M2.01M-----
Other Liabilities-0.41M-0.12M-1.26M-0.45M-0.43M0.19M1.64M2.07M2.67M1.92M
Summit Financial Shareholders Equity
153.82M150.66M146.11M143.74M140.28M140.07M135.88M131.64M121.36M117.46M
Summit Financial Total Liabilities & Shareholders Equity
1.66B1.57B1.51B1.49B1.47B1.48B1.46B1.44B1.43B1.44B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Summit Financial historical stock prices and the current Summit Financial stock price can tell you how the stock price has moved, whereas the Summit Financial PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:
  • Assets: An asset is a resource that a corporation like Summit Financial owns and has monetary significance. SMMF assets grew from $1.57B in 2016-Q2 to $1.66B in 2016-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 Summit Financial for 2016-Q3 total to $1.5B. 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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