Lakeland Financial Balance Sheet - Annual (NASDAQ:LKFN)

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$48.4 $0.71 (1.49%) LKFN stock closing price Sep 20, 2018 (Closing)

The financial analysis of a company like Lakeland Financial involves checking the three financial statements of the company in detail, of which the balance sheet is one. How cash on hand has increased or decreased is one of the many indicators used while undertaking the Lakeland Financial stock analysis, and provides insights into the firm's financial performance. A company releases its balance sheet every year along with its annual results. Lakeland Financial had a long term debt of $110.95M at the end of 2017. To understand the debt servicing capacity of the company, one needs to look at Lakeland Financial operating cash flow and Lakeland Financial revenue also. Lakeland Financial debt to equity ratio is 0.64.

View latest 10 year balance sheet data to check Lakeland Financial financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash156.67M142.4M67.48M75.38M55.72M156.66M56.9M42.51M48.96M57.14M
Marketable Securities19.5M24.87M13.19M15.25M7.37M75.57M47.67M17.62M7.01M6.85M
Receivables3.79B3.44B3.05B2.72B2.49B2.21B2.19B2.05B1.99B1.82B
Inventory3.34M5.91M3.29M1.58M1.77M9.45M2.95M5.6M1.52M-
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
3.96B3.61B3.13B2.82B2.56B2.46B2.3B2.12B2.05B1.89B
Property Plant & Equipment92.21M83.79M75.34M71.71M69.39M62.53M61.42M55.24M52.71M51.86M
Accumulated Depreciation35.74M31.7M28.65M29.73M30.05M27.69M26.68M24.84M23.13M21.34M
Net Property Plant & Equipment
56.46M52.09M46.68M41.98M39.33M34.84M34.73M30.4M29.57M30.51M
Investment & Advances552.26M515.71M485.73M485.32M479.69M467.02M467.39M442.62M410.02M387.03M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles4.97M4.97M4.97M4.97M4.97M5.01M5.06M5.12M5.17M5.38M
Deposits & Other Assets104.31M105.15M98.14M94.06M91.99M101.01M85.03M84M80.68M67.03M
Total Assets
4.68B4.29B3.77B3.44B3.18B3.06B2.89B2.68B2.57B2.38B
Notes Payable70.65M230.04M139.62M160.4M261.87M121.88M141.99M174.05M354.05M202.6M
Accounts Payable4.01B3.58B3.18B2.87B2.55B2.58B2.41B2.2B1.85B1.89B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses6.31M5.67M3.77M2.94M2.91M15.32M13.55M11.47M14.04M17.16M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
4.09B3.81B3.33B3.04B2.81B2.72B2.57B2.39B2.22B2.11B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt110.95M30.96M30.96M30.96M30.96M45.96M45.96M45.96M70.97M120.97M
Non-Current Capital Leases----------
Other Long-Term Liabilities17.73M18.36M15.6M14.46M11.97M1.39M2.19M2.31M1.23M1.52M
Total Liabilities
4.21B3.86B3.37B3.08B2.85B2.77B2.62B2.43B2.29B2.23B
Minority Interest----------
Preferred Stock--------54.09M-
Common Stock Net108.86M104.4M99.12M96.12M93.24M90.03M87.38M85.76M83.48M1.45M
Capital Surplus---------20.63M
Retained Earnings363.79M327.87M294M263.34M233.1M203.65M181.9M161.29M149.94M141.37M
Treasury Stock3.4M2.91M2.45M2M1.98M1.64M1.22M1.41M1.54M1.55M
Other Liabilities-0.58M-2.29M2.23M3.91M-2.4M5.77M5.22M1.43M-5.9M-12.02M
Shareholders Equity468.66M427.06M392.9M361.38M321.96M297.82M273.28M247.08M280.08M149.88M
Total Liabilities & Shareholders Equity4.68B4.29B3.77B3.44B3.18B3.06B2.89B2.68B2.57B2.38B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Lakeland Financial stock price, and Lakeland Financial historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Lakeland Financial PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: LKFN total assets, which was at $4.68B for 2017 is a balance sheet item representing value of what Lakeland Financial 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. LKFN stock had total liabilities of $4.21B for the year 2017.

Lakeland Financial Balance Sheet - Key Ratios

Current ratio
0.99
Debt to equity ratio
0.64
Asset turnover ratio
0.05
Receivables turnover
0.06
Price to book ratio
2.61