Singing Machine Balance Sheet - Quarterly (OTCMKTS:SMDM)

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$0.45 $0.02 (4.65%) SMDM stock closing price Sep 22, 2017 (Closing)

A thorough fundamental analysis involves using data from Singing Machine balance sheet, apart from other financial statements, to value the business. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Singing Machine stock analysis. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Singing Machine had a long term debt of $0.97M at the end of 2018-Q1. Singing Machine operating cash flow was $-2.33M while Singing Machine revenue stood at $3.94M. View Singing Machine 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 - Mar.2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash0.43M2.3M0.4M0.94M0.44M2.11M0.23M0.44M0.36M0.11M
Marketable Securities----------
Receivables3.31M1.89M9.96M18.77M3.8M1.59M10.93M18.56M1.76M1.6M
Inventory8.66M5.42M5.37M8.62M8.36M3.69M4.07M9.54M8.11M7.44M
Raw Materials2.13M-0.05M1.24M1.7M-0.1M1.51M0.6M-
Work In Progress----------
Finished Goods6.84M6.12M6.24M8.23M7.49M4.45M4.53M8.56M7.89M7.86M
Notes Receivable----------
Other Current Assets0.41M0.1M0.14M0.13M0.22M0.18M0.97M0.6M0.92M0.61M
Singing Machine Total Current Assets
12.82M9.73M15.89M28.48M12.83M7.58M16.21M29.16M11.16M9.78M
Property Plant & Equipment3.34M3.15M3.11M3.08M3.07M3M3.01M3M2.91M2.87M
Accumulated Depreciation2.78M2.74M2.7M2.66M2.62M2.57M2.52M2.47M2.44M2.4M
Singing Machine Net Property Plant & Equipment
0.55M0.41M0.41M0.41M0.45M0.43M0.48M0.52M0.47M0.46M
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges1.78M1.47M1.1M1.73M2.61M2.43M1.15M1.64M1.93M1.95M
Intangibles----------
Deposits & Other Assets0.01M0.01M0.01M0.01M0.01M0.01M0.01M0.01M0.01M0.01M
Singing Machine Total Assets
15.17M11.63M17.42M30.65M15.91M10.46M17.87M31.34M13.58M12.21M
Notes Payable0.54M0.69M0.49M----1.09M--
Accounts Payable4.52M1.38M1.49M10.14M6.32M0.72M2.14M9.26M3.02M2.76M
Current Portion Long-Term Debt1.13M1.92M4.19M10.02M--1.79M8.54M1.53M-
Current Portion Capital Leases-------0.01M0.01M0.01M
Accrued Expenses0.72M0.62M2.06M1.96M0.73M0.65M2.06M1.67M0.61M0.45M
Income Taxes Payable----------
Other Current Liabilities0.31M0.26M1.07M0.98M1.13M0.81M2.58M4.44M1.87M1.98M
Singing Machine Total Current Liabilities
7.23M4.19M9.01M23.58M8.75M2.88M9.42M24.9M7.61M5.71M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt0.97M---1.92M1.92M1.92M1.92M2.47M2.52M
Non-Current Capital Leases----------
Other Long-Term Liabilities--------0.06M0.04M
Singing Machine Total Liabilities
8.2M4.19M9.01M23.58M10.68M4.8M11.34M26.82M10.15M8.28M
Minority Interest----------
Preferred Stock----------
Common Stock Net0.38M0.38M0.38M0.38M0.38M0.38M0.38M0.38M0.38M0.38M
Capital Surplus19.46M19.41M19.4M19.37M19.34M19.33M19.32M19.31M19.3M19.3M
Retained Earnings-12.88M-12.35M-11.37M-12.68M-14.49M-14.05M-13.17M-15.18M-16.25M-15.76M
Treasury Stock----------
Other Liabilities------0.01M----
Singing Machine Shareholders Equity
6.97M7.44M8.41M7.07M5.23M5.65M6.52M4.51M3.43M3.92M
Singing Machine Total Liabilities & Shareholders Equity
15.17M11.63M17.42M30.65M15.91M10.46M17.87M31.34M13.58M12.21M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Singing Machine stock price, and Singing Machine historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Singing Machine PE ratio chart. Below is a brief explanation of common balance sheet terms:
  • Assets: An asset is a resource that a corporation like Singing Machine 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 SMDM stock as of quarter is $15.17M. 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: This item on the balance sheet implies the firm's, in this case Singing Machine's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for SMDM stock stand at $8.2M.
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Singing Machine Balance Sheet - Key Ratios

Current ratio
1.77
Debt to equity ratio
0.38
Asset turnover ratio
1.18
Receivables turnover
6.89
price to book ratio
2.45