Schmitt Industries Balance Sheet - Annual (NASDAQ:SMIT)

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$2.63 $0.04 (1.54%) SMIT stock closing price Aug 13, 2018 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like Schmitt Industries, and helps in stock analysis. Financial strength can be guaged by performing Schmitt Industries stock analysis and by analyzing the balance sheet. A company releases its balance sheet every year along with its annual results. Schmitt Industries had a long term debt of $- at the end of 2017. To understand the debt servicing capacity of the company, one needs to look at Schmitt Industries operating cash flow and Schmitt Industries revenue also. Schmitt Industries debt to equity ratio is -.

View latest 10 year balance sheet data to check Schmitt Industries financial performance.
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Quarterly
Annual
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Fiscal year is Jun - May201720162015201420132012201120102009
Cash--1.79M1.51M1.9M2.77M2.76M3.54M4.17M
Marketable Securities---------
Receivables2.35M2.1M2.66M2.23M2.02M2.5M1.83M1.16M1.44M
Inventory4.2M4.72M4.55M4.78M5.05M3.97M4.14M3.64M3.86M
Raw Materials1.77M2.03M1.84M1.88M2.22M1.63M1.64M1.07M1.52M
Work In Progress-1.05M--1.13M----
Finished Goods1.49M1.63M1.87M1.9M1.69M1.35M1.6M1.59M1.61M
Notes Receivable---------
Other Current Assets---------
Total Current Assets
7.53M7.95M9.16M8.68M9.21M9.44M8.9M8.54M9.65M
Property Plant & Equipment3.4M3.55M3.59M3.56M3.53M3.39M3.21M3.01M2.99M
Accumulated Depreciation2.53M2.58M2.48M2.37M2.2M2.01M1.87M1.72M1.56M
Net Property Plant & Equipment
--1.11M1.19M1.33M1.37M1.33M1.29M1.42M
Investment & Advances---------
Other Non-Current Assets---------
Deferred Charges---------
Intangibles----1.07M1.21M1.34M1.5M1.54M
Deposits & Other Assets---------
Total Assets
9M9.63M11.1M10.82M11.62M12.02M11.58M11.35M12.62M
Notes Payable---------
Accounts Payable1.1M--------
Current Portion Long-Term Debt---------
Current Portion Capital Leases---------
Accrued Expenses---------
Income Taxes Payable---------
Other Current Liabilities---------
Total Current Liabilities
2.02M1.63M1.61M1.21M1.6M1.53M1.43M1.22M-
Mortgages---------
Deferred Taxes/Income---------
Convertible Debt---------
Long-Term Debt---------
Non-Current Capital Leases---------
Other Long-Term Liabilities---------
Total Liabilities
2.02M1.63M1.61M1.21M1.6M1.54M1.43M1.23M-
Minority Interest---------
Preferred Stock---------
Common Stock Net10.64M10.56M10.51M10.43M10.36M10.27M9.94M9.73M9.54M
Capital Surplus---------
Retained Earnings-3.24M-2.17M-0.65M-0.56M-0.02M---2.35M
Treasury Stock---------
Other Liabilities-0.42M-0.39M-0.36M-0.26M-0.33M-0.31M-0.22M-0.26M-0.18M
Shareholders Equity6.97M8M9.48M9.61M10.01M10.48M10.15M10.12M11.71M
Total Liabilities & Shareholders Equity9M9.63M11.1M10.82M11.62M12.02M11.58M11.35M12.62M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Schmitt Industries stock price, and Schmitt Industries historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Schmitt Industries PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: An asset is a resource that a corporation like Schmitt Industries owns and has monetary significance. SMIT assets decreased from $9.63M in 2016 to $9M in 2017. 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: The total liabilities of Schmitt Industries for the year 2017 total to $2.02M. Liabilities for a company like Schmitt Industries 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.

Schmitt Industries Balance Sheet - Key Ratios

Current ratio
0
Debt to equity ratio
0
Asset turnover ratio
0
Receivables turnover
0