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

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$1.97 $0.01 (0.51%) CNIT stock closing price Mar 19, 2018 (Closing)

The financial analysis of a company like China Information Tech involves checking the three financial statements of the company in detail, of which the balance sheet is one. Balance sheet items like cash at hand, total assets and liabilities helps one analyze a company and summarize the financial performance of the company like we have in our China Information Tech stock analysis. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. China Information Tech had a long term debt of $- at the end of 2017 Q3. To understand the debt servicing capacity of the company, one needs to look at China Information Tech operating cash flow and China Information Tech revenue also. China Information Tech debt to equity ratio is .

View and download China Information Tech quarterly results to get the balance sheet details for the latest 40 quarters data.
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Fiscal year is Jan - Dec2017 Q32017 Q22016 Q42016 Q22015 Q4
Marketable Securities-----
Raw Materials-----
Work In Progress----1.73M
Finished Goods-----
Notes Receivable-----
Other Current Assets3.72M5.41M7.39M6.17M21.38M
Total Current Assets
Property Plant & Equipment--21.78M-21.62M
Accumulated Depreciation--13.11M-13.24M
Net Property Plant & Equipment
Investment & Advances-----
Other Non-Current Assets-----
Deferred Charges-----
Deposits & Other Assets8.62M8.46M8.26M2.91M2.06M
Total Assets
Notes Payable7.79M15.27M58.94M40.98M15.92M
Accounts Payable7.78M6.44M5.99M5.45M8.26M
Current Portion Long-Term Debt-----
Current Portion Capital Leases-----
Accrued Expenses-----
Income Taxes Payable1.63M1.58M2.58M2.9M3.08M
Other Current Liabilities3.58M4.74M4.71M4.46M8.51M
Total Current Liabilities
Deferred Taxes/Income-----
Convertible Debt-----
Long-Term Debt-----
Non-Current Capital Leases-----
Other Long-Term Liabilities-----
Total Liabilities
Minority Interest-----
Preferred Stock-----
Common Stock Net-----
Capital Surplus139.17M138.98M145.74M145.4M144M
Retained Earnings-172.14M-173.21M-173.14M-162.04M-154.97M
Treasury Stock--7.11M7.11M7.11M
Other Liabilities46.85M46.77M46.9M47.13M48.13M
Shareholders Equity14.29M12.95M12.8M23.8M30.45M
Total Liabilities & Shareholders Equity35.07M32.8M34.28M43.54M66.09M
All figures in USD. M: Millions of USD, B: Billions of USD.

Click here to view our MSA Safety financial analysis

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: An asset is a resource that a corporation like China Information Tech owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for CNIT stock as of 2017 Q3 is $35.07M. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for China Information Tech is $20.77M. Shareholders equity comes under liabilities as it is money the company owes the holders of CNIT stock.

China Information Tech Balance Sheet - Key Ratios

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

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