Cowen Balance Sheet - Annual (NASDAQ:COWN)

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$14.55 $0.15 (1.04%) COWN stock closing price Aug 16, 2018 (Closing)

The fundamental analysis of this company requires a thorough look at Cowen balance sheet. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Cowen stock analysis. A company releases its balance sheet every year along with its annual results. Cowen had a long term debt of $456.83M at the end of 2017. To understand the debt servicing capacity of the company, one needs to look at Cowen operating cash flow and Cowen revenue also. Cowen debt to equity ratio is 0.51.

View latest 10 year balance sheet data to check Cowen financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash286.19M143.11M182.5M138.31M67.67M96.25M136.97M52.19M155.23M108.59M
Marketable Securities443.14M--676.1M927.77M408.09M----
Receivables747.19M163.49M191.78M181.05M112.04M106.01M84.34M127.62M54.97M17.91M
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets93.99M---------
Total Current Assets
1.57B306.6M374.29M995.47M1.11B610.36M221.31M179.82M210.2M126.51M
Property Plant & Equipment68.85M66.27M57.18M52.35M48.85M62.2M60.89M54.35M49.05M22.33M
Accumulated Depreciation28.35M23.86M29.95M25.96M21.85M30M23.85M17.76M16.44M11.86M
Net Property Plant & Equipment
40.49M42.4M27.23M26.38M26.99M32.2M37.04M36.59M32.6M10.47M
Investment & Advances1.35B1.34B1.05B1.15B607.7M916.78M1.21B954.26M633.05M23.77M
Other Non-Current Assets34.81M39.62M39.65M26.31M26.91M21.02M16.55M16.37M14.86M4.47M
Deferred Charges116.32M165.65M143.56M129.4M------
Intangibles90.63M86.44M84.02M43.38M49.33M41.52M25.78M39.93M43.57M2.92M
Deposits & Other Assets88.65M38.91M76.98M35.66M23.56M16.57M26.88M20.18M25.14M39.34M
Total Assets
3.3B2.02B1.79B2.41B1.84B1.64B1.54B1.25B959.44M207.49M
Notes Payable173.45M77.03M70.98M67.14M----49.74M-
Accounts Payable993.31M390.63M361.78M565.93M186.09M299.2M354.1M231.75M190.53M17.22M
Current Portion Long-Term Debt----2.56M4.13M5.65M31.73M--
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities342.52M266.97M257.15M207.87M137.52M177.93M334.25M197.91M14.81M4.14M
Total Current Liabilities
1.51B734.63M689.92M840.95M326.18M481.27M694M461.4M255.09M21.6M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt141.5M130.02M124.77M118.47M------
Long-Term Debt456.83M--682.49M922.23M576.38M228.78M192.16M--
Non-Current Capital Leases----------
Other Long-Term Liabilities-2M-------42.25M
Total Liabilities
2.55B1.25B1B1.73B1.33B1.14B1.03B797.91M485.91M65.38M
Minority Interest440.6M379.2M186.91M86.07M85.81M85.7M104.58M144.34M230.82M1.52M
Preferred Stock----------
Common Stock Net--1.16M1.16M1.16M1.13M1.13M---
Capital Surplus1B928.64M902.55M772.29M737.34M713.21M688.42M504.48M483.87M223.56M
Retained Earnings-70.11M-2.44M23.62M-16.02M-183.24M-187.86M-163.98M-55.97M-10.55M-80.71M
Treasury Stock186.84M153.84M137.35M79.77M48.08M31.72M16.9M---
Other Liabilities-0.01M------0.21M--0.52M-0.84M
Shareholders Equity748.01M772.65M789.99M677.67M507.76M495.1M508.46M449.25M473.52M142.11M
Total Liabilities & Shareholders Equity3.3B2.02B1.79B2.41B1.84B1.64B1.54B1.25B959.44M207.49M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Cowen stock price by looking at Cowen historical stock prices. One can compare PE with industry average by looking at the Cowen PE ratio chart. The common balance sheet items are:

  • Assets: An asset is a resource that a corporation like Cowen 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 COWN stock as of 2017 is $3.3B. 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: The total liabilities of Cowen for the year 2017 total to $2.55B. Liabilities for a company like Cowen 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.

Cowen Balance Sheet - Key Ratios

Current ratio
0.91
Debt to equity ratio
0.51
Asset turnover ratio
0.28
Receivables turnover
1.34
Price to book ratio
0.55