First Independence Balance Sheet - Annual (OTCMKTS:FFSL)

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$17.53 $0.03 (0.17%) FFSL stock closing price Oct 27, 2015 (Closing)

The First Independence 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. All three financial statements should be used to measure the financial performance of the company, and should form a part of the First Independence stock analysis. Good annual results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. First Independence had a long term debt of $50.21M at the end of 2009. To understand the debt servicing capacity of the company, one needs to look at First Independence operating cash flow and First Independence revenue also. First Independence debt to equity ratio is .

View latest 10 year balance sheet data to check First Independence financial performance.
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Fiscal year is Oct - Sep2009
Cash-
Marketable Securities3.68M
Receivables157M
Inventory-
Raw Materials-
Work In Progress-
Finished Goods-
Notes Receivable-
Other Current Assets-
Total Current Assets
161.52M
Property Plant & Equipment-
Accumulated Depreciation-
Net Property Plant & Equipment
2.28M
Investment & Advances31.05M
Other Non-Current Assets-
Deferred Charges-
Intangibles-
Deposits & Other Assets7.34M
Total Assets
202.2M
Notes Payable-
Accounts Payable132.43M
Current Portion Long-Term Debt-
Current Portion Capital Leases-
Accrued Expenses-
Income Taxes Payable-
Other Current Liabilities-
Total Current Liabilities
134.01M
Mortgages-
Deferred Taxes/Income-
Convertible Debt-
Long-Term Debt50.21M
Non-Current Capital Leases-
Other Long-Term Liabilities-
Total Liabilities
184.23M
Minority Interest-
Preferred Stock-
Common Stock Net-
Capital Surplus8.24M
Retained Earnings19.71M
Treasury Stock9.99M
Other Liabilities-
Shareholders Equity17.97M
Total Liabilities & Shareholders Equity202.2M
All figures in USD. M: Millions of USD, B: Billions of USD.

Most investors just check the First Independence stock price, and First Independence historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the First Independence PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: An asset is a resource that a corporation like First Independence 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 FFSL stock as of 2009 is $202.2M. 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 include short term loans and long term loans availed by the company to fund its business operations. FFSL stock had total liabilities of $184.23M for the year 2009.