Covisint Balance Sheet - Quarterly (NASDAQ:COVS)

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$2.45 $0.05 (2.08%) COVS stock closing price Jul 26, 2017 (Closing)

The Covisint 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. As in our Covisint 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. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. The Covisint balance sheet for 2017 Q4 shows total assets of $85.06M. The company has a asset turnover ratio of 0.9. Also see: Covisint revenue and Covisint operating cash flow for the same quarter.

View and download Covisint quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Apr - Mar2017 Q42017 Q32017 Q22017 Q12016 Q42016 Q3
Cash33.22M30.43M34.81M41.75M39.68M37.61M
Marketable Securities------
Receivables8.06M8.26M9.24M8.87M12.83M9.62M
Inventory------
Raw Materials------
Work In Progress------
Finished Goods------
Notes Receivable------
Other Current Assets2.87M2.91M2.75M3.65M3.77M4.36M
Total Current Assets
44.16M41.61M46.81M54.29M56.28M51.61M
Property Plant & Equipment22.72M---22.59M-
Accumulated Depreciation17.62M---14.75M-
Net Property Plant & Equipment
15.13M16.24M17.38M18.4M19.33M19.24M
Investment & Advances------
Other Non-Current Assets------
Deferred Charges-----2.08M
Intangibles25.38M25.38M25.38M25.38M25.38M25.38M
Deposits & Other Assets------
Total Assets
85.06M83.87M90.33M98.97M102.04M98.68M
Notes Payable------
Accounts Payable2.42M6.26M4.65M5.15M5.06M5.03M
Current Portion Long-Term Debt------
Current Portion Capital Leases------
Accrued Expenses2.85M3.51M3.47M3.25M3.44M4.96M
Income Taxes Payable-----1.49M
Other Current Liabilities14.59M12.58M16.5M19.46M15.95M12.18M
Total Current Liabilities
19.87M22.37M24.63M27.87M24.46M23.68M
Mortgages------
Deferred Taxes/Income2.44M-1.01M1.95M3.94M1.64M
Convertible Debt------
Long-Term Debt------
Non-Current Capital Leases------
Other Long-Term Liabilities2.26M2.31M2.35M2.4M2.32M2.54M
Total Liabilities
24.58M25.48M28M32.23M30.73M27.86M
Minority Interest------
Preferred Stock------
Common Stock Net------
Capital Surplus164.12M163.64M163.03M162.52M161.99M161.41M
Retained Earnings-103.25M-104.84M-100.44M-95.53M-90.52M-90.41M
Treasury Stock------
Other Liabilities-0.38M-0.41M-0.26M-0.25M-0.16M-0.17M
Shareholders Equity60.48M58.38M62.32M66.74M71.3M70.82M
Total Liabilities & Shareholders Equity85.06M83.87M90.33M98.97M102.04M98.68M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Covisint historical stock prices and the current Covisint stock price can tell you how the stock price has moved, whereas the Covisint 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 Covisint owns and has monetary significance. COVS assets grew from $83.87M in 2017 Q3 to $85.06M in 2017 Q4. 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 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 Covisint is $24.58M. Shareholders equity comes under liabilities as it is money the company owes the holders of COVS stock.

Covisint Balance Sheet - Key Ratios

Current ratio
2.22
Debt to equity ratio
0
Asset turnover ratio
0.9
Receivables turnover
7.43
Price to book ratio
1.53