Schmitt Industries Balance Sheet - Quarterly (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. 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 Schmitt Industries stock analysis. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. The balance sheet shows total liabilities of $1.71M and shareholders equity of $9.33M. Schmitt Industries revenue and Schmitt Industries operating cash flow are important in understanding the financial capacity of the company.

View and download Schmitt Industries quarterly results to get the balance sheet details for the latest 40 quarters data.
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Fiscal year is Jun - May2018 Q32018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q3
Marketable Securities---------
Raw Materials2.51M2.05M2.11M1.77M1.95M1.85M1.98M2.03M2.05M
Work In Progress1.18M1.11M1.03M---1.07M1.05M1.03M
Finished Goods1.75M1.62M1.39M1.49M1.44M1.61M1.56M1.63M1.68M
Notes Receivable---------
Other Current Assets---------
Total Current Assets
Property Plant & Equipment3.41M3.41M3.41M3.4M3.39M3.44M3.54M3.55M3.55M
Accumulated Depreciation2.61M2.59M2.56M2.53M2.51M2.49M2.56M2.58M2.55M
Net Property Plant & Equipment
Investment & Advances---------
Other Non-Current Assets---------
Deferred Charges---------
Deposits & Other Assets---------
Total Assets
Notes Payable---------
Accounts Payable-1.2M1.05M1.1M-----
Current Portion Long-Term Debt---------
Current Portion Capital Leases---------
Accrued Expenses---------
Income Taxes Payable---------
Other Current Liabilities---------
Total Current Liabilities
Deferred Taxes/Income---------
Convertible Debt---------
Long-Term Debt---------
Non-Current Capital Leases---------
Other Long-Term Liabilities---------
Total Liabilities
Minority Interest---------
Preferred Stock---------
Common Stock Net13.07M10.69M10.67M10.64M10.58M10.58M10.57M10.56M10.55M
Capital Surplus---------
Retained Earnings-3.25M-3.27M-3.37M-3.24M-2.81M-2.67M-2.29M-2.17M-1.7M
Treasury Stock---------
Other Liabilities-0.47M-0.42M-0.44M-0.42M-0.47M-0.45M-0.43M-0.39M-0.42M
Shareholders Equity9.33M6.98M6.84M6.97M7.29M7.44M7.84M8M8.43M
Total Liabilities & Shareholders Equity11.04M9M8.71M9M8.79M8.59M9.32M9.63M9.76M
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 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 SMIT stock as of 2018 Q3 is $11.04M. 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. SMIT stock had total liabilities of $1.71M for the quarter 2018 Q3.

Schmitt Industries Balance Sheet - Key Ratios

Current ratio
Debt to equity ratio
Asset turnover ratio
Receivables turnover