China Information Tech Balance Sheet - Annual (NASDAQ:CNIT)

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$1.98 $0.02 (1%) CNIT stock closing price Mar 16, 2018 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like China Information Tech, and helps in stock analysis. As in our China Information Tech stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. A company releases its balance sheet every year along with its annual results. Apart from analyzing China Information Tech revenue China Information Tech operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The China Information Tech balance sheet for 2016 shows cash on hand of $3.75M. The company has a debt to equity ratio of .

View latest 10 year balance sheet data to check China Information Tech financial performance.
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Fiscal year is Jan - Dec201620152014201320122011201020092008
Marketable Securities--------5.83M
Raw Materials---2.97M3.58M5.48M5.27M3.38M2.53M
Work In Progress-1.73M3.96M8.16M8.92M12.5M9.95M5.51M4.36M
Finished Goods---4.51M4.29M4.32M4.7M2.03M-
Notes Receivable---------
Other Current Assets7.39M21.38M32.19M19.8M8.38M7.56M1.56M8.64M8.46M
Total Current Assets
Property Plant & Equipment21.78M21.62M27.18M61.24M101.81M117.88M97.42M63.92M29.92M
Accumulated Depreciation13.11M13.24M14.37M29.71M35.54M26.72M18.07M10.33M6.36M
Net Property Plant & Equipment
Investment & Advances--2.64M2.66M2.58M2.4M3.29M2.86M3.07M
Other Non-Current Assets---------
Deferred Charges--4.27M------
Deposits & Other Assets8.26M2.06M20.27M----1.42M-
Total Assets
Notes Payable7.79M15.27M62.68M58.94M50.81M40.98M35.32M15.92M6.32M
Accounts Payable5.99M8.26M45.03M44.4M53.97M46.41M37.78M32.81M10.7M
Current Portion Long-Term Debt---------
Current Portion Capital Leases---------
Accrued Expenses--3.01M2.84M2.94M3.06M4.3M3.14M1.31M
Income Taxes Payable2.58M3.08M3.75M3.72M3.66M3.52M3.8M3.29M1.59M
Other Current Liabilities4.71M8.51M25.82M18.06M10.66M13.78M18.99M20.64M5.51M
Total Current Liabilities
Deferred Taxes/Income----1.26M1.36M1.82M2.56M-
Convertible Debt---------
Long-Term Debt------5.86M1.9M-
Non-Current Capital Leases---------
Other Long-Term Liabilities------5.91M2.63M-
Total Liabilities
Minority Interest--------13.9M
Preferred Stock---------
Common Stock Net---------
Capital Surplus145.74M144M126.86M115.66M101.26M101.26M92.29M78.49M64.12M
Retained Earnings-173.14M-154.97M-142.91M-113.51M5.8M95.6M90.24M60.46M33.74M
Treasury Stock7.11M7.11M4.29M4.81M1.01M----
Other Liabilities46.9M48.13M58.58M62.53M57.67M56.08M42.79M28.71M11.01M
Shareholders Equity12.8M30.45M38.57M60.17M164.01M252.53M225.57M167.89M109.09M
Total Liabilities & Shareholders Equity34.28M66.09M179.4M189.23M287.42M361.79M339.4M250.82M148.46M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the China Information Tech stock price, and China Information Tech historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the China Information Tech PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: CNIT total assets, which was at $34.28M for 2016 is a balance sheet item representing value of what China Information Tech 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. CNIT stock had total liabilities of $21.48M for the year 2016.

China Information Tech Balance Sheet - Key Ratios

Annual Balance Sheets For China Information Technology, Inc. - Ordinary Shares Peers

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