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Akoustis Technologies (AKTS)
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Akoustis Technologies Balance Sheet 2024-2011 | AKTS
Brief balance sheet overview of Akoustis Technologies
The review uses the five latest available annual reports between 2020 and 2024.
The size of the balance sheet remained broadly stable, moving from $71.4 million to $69.7 million. There was no meaningful expansion.
Liabilities grew faster than assets: +323.7% versus -2.4%. A substantial part of expansion was externally funded.
Shareholders' capital is negative, making the balance sheet dependent on consistent debt servicing capacity.
Negative net debt of -$23.5 million means cash holdings are larger than debt obligations.
Cash equals 35.1% of the balance sheet, compared with 62% five periods ago. This is the readily available cushion.
The balance sheet includes a negative accumulated result of -$438.5 million. It should be assessed alongside historical profits and capital distributions.
Conclusion
Akoustis Technologies's financial structure calls for caution. Stronger equity, lower debt or restored liquidity would be needed to improve it.
Annual Balance Sheet Akoustis Technologies
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-23.5 M | -41.7 M | -79.4 M | -87.8 M | -22.4 M | -11.8 M | -3.35 M | -7.9 M | -2.83 M | -32.7 K | -9.22 K | -8.79 K | - | - |
Long Term Debt |
462 K | 976 K | 811 K | 202 K | 21.6 M | 18.2 M | 11.5 M | 1.73 M | 1.32 M | - | - | - | - | - |
Long Term Debt Current |
514 K | 439 K | 313 K | 270 K | 231 K | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
42.5 M | 45.1 M | 45.2 M | - | 23.8 M | 18.8 M | 12.8 M | 1.73 M | 314 K | - | - | - | - | - |
Total Current Liabilities |
84.4 M | 17.6 M | 12.7 M | 7.26 M | 6.13 M | 3.66 M | 2.65 M | 1.35 M | 544 K | 123 K | - | - | - | - |
Total Liabilities |
127 M | 62.7 M | 57.9 M | 7.58 M | 29.9 M | 22 M | 15.5 M | 3.08 M | 1.87 M | 328 K | 306 | 306 | - | - |
Deferred Revenue |
131 K | 105 K | 286 K | 41 K | - | 5 K | 53 K | 14.5 K | - | - | - | - | - | - |
Retained Earnings |
-439 M | -270 M | -207 M | -148 M | -104 M | -67.5 M | -38.2 M | -16.5 M | -6.67 M | -1.27 M | -27.2 K | -206 | - | - |
Total Assets |
69.7 M | 149 M | 161 M | 125 M | 71.4 M | 47.9 M | 29.3 M | 18.1 M | 4.54 M | 4.51 M | 9.52 K | 9.1 K | - | - |
Cash and Cash Equivalents |
24.4 M | 43.1 M | 80.5 M | 88.3 M | 44.3 M | 30.1 M | 14.8 M | 9.63 M | 4.16 M | 4.33 M | 490 K | 9.1 K | - | - |
Book Value |
-57.1 M | 86.2 M | 103 M | 117 M | 41.5 M | 26 M | 13.8 M | 15 M | 2.68 M | 4.19 M | 9.22 K | 8.79 K | - | - |
Total Shareholders Equity |
-57.1 M | 86.2 M | 103 M | 117 M | 41.5 M | 26 M | 13.8 M | 15 M | 2.68 M | 4.19 M | 9.22 K | 8.79 K | - | - |
All numbers in USD currency
Quarterly Balance Sheet Akoustis Technologies
| 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
329 K | 596 K | 729 K | 854 K | 729 K | 1.09 M | 833 K | 732 K | 833 K | 18 K | 94 K | 128 K | 94 K | 21.6 M | 14.4 M | 22.9 M | 14.4 M | 20.2 M | 20.4 M | 19.3 M | 20.4 M | 19.3 M | 18.2 M | 18.2 M | - | - | 11.5 M | - | - | - | 1.73 M | - | - | - | 1.32 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
42.5 M | 42.5 M | 43.8 M | 43.5 M | 43.8 M | 43.5 M | 45.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12.8 M | - | - | - | 1.73 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
123 M | 60.7 M | 58.1 M | 59.4 M | 58.1 M | 57 M | 53.2 M | 58 M | 53.2 M | 13.6 M | 10.4 M | 8.13 M | 10.4 M | 7.55 M | 31.1 M | 29.2 M | 31.1 M | 24.4 M | 25.1 M | 23.1 M | 25.1 M | 22.5 M | 21 M | 15.5 M | 21 M | 3.21 M | 4.91 M | 5.57 M | 4.91 M | 1.3 M | 1.34 M | 2.32 M | 1.34 M | 2.32 M | 569 K | 328 K | 695 K | 695 K | 606 | 406 | - | 306 | 306 | 306 | - | 306 | 306 | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
301 K | 95 K | 56 K | 312 K | 56 K | 114 K | 60 K | 147 K | 60 K | 115 K | 101 K | 41 K | 101 K | 123 K | 57 K | 190 K | 57 K | 5 K | 48 K | 13 K | 48 K | 3.92 K | 41.6 K | 96 K | 41.6 K | 128 K | 77.4 K | 36.6 K | 77.4 K | 30.5 K | 29 K | 14.5 K | 29 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-445 M | -330 M | -306 M | -291 M | -306 M | -253 M | -237 M | -226 M | -237 M | -191 M | -176 M | -161 M | -176 M | -138 M | -127 M | -116 M | -127 M | -93.5 M | -85.8 M | -76.4 M | -85.8 M | -61.7 M | -52.3 M | -45.5 M | -52.3 M | -31.5 M | -26.7 M | -21.2 M | -26.7 M | -14.2 M | -12.1 M | -8.75 M | -12.1 M | -8.75 M | -2.34 M | -1.27 M | -3.41 M | -3.41 M | -31.8 K | -30.5 K | - | -6.8 K | -27.2 K | -27.2 K | - | -206 | -206 | - | - | - | - | - | - | - | - | - |
Total Assets |
57.4 M | 103 M | 112 M | 127 M | 112 M | 158 M | 132 M | 145 M | 132 M | 132 M | 134 M | 121 M | 134 M | 125 M | 77.6 M | 64.3 M | 77.6 M | 62.9 M | 69.3 M | 42.3 M | 69.3 M | 52.2 M | 57.6 M | 24.6 M | 57.6 M | 20 M | 24.8 M | 16.6 M | 24.8 M | 11.1 M | 5.92 M | 3.62 M | 5.92 M | 3.62 M | 3.71 M | 4.51 M | 2.85 M | 2.85 M | 5.17 K | 6.28 K | - | 2.5 K | 9.52 K | 9.52 K | - | 9.1 K | 9.1 K | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
12.1 M | 15.2 M | 12.9 M | 25.8 M | 12.9 M | 52.7 M | 46.6 M | 60.7 M | 46.6 M | 55.9 M | 67.5 M | 75.7 M | 67.5 M | 90.4 M | 47.7 M | 37.2 M | 47.7 M | 39.6 M | 46.3 M | 22.6 M | 46.3 M | 32.8 M | 42.1 M | 9.07 M | 42.1 M | 6.47 M | 11.7 M | 5.44 M | 11.7 M | 9.43 M | 11 M | 3.05 M | 5 M | 3.05 M | 3.41 M | 4.33 M | 2.48 M | 2.48 M | 5.17 K | 6.28 K | 118 K | 2.5 K | 9.52 K | 6.28 K | - | 4.59 K | 9.1 K | - | - | - | - | - | - | - | - | - |
Book Value |
-65.2 M | 41.9 M | 53.8 M | 67.8 M | 53.8 M | 100 M | 79.1 M | 86.7 M | 79.1 M | 118 M | 124 M | 112 M | 124 M | 118 M | 46.5 M | 35.2 M | 46.5 M | 38.5 M | 44.2 M | 19.2 M | 44.2 M | 29.7 M | 36.6 M | 9.14 M | 36.6 M | 16.7 M | 19.9 M | 11.1 M | 19.9 M | 9.8 M | 4.58 M | 1.3 M | 4.58 M | 1.3 M | 3.14 M | 4.19 M | 2.16 M | 2.16 M | 4.56 K | 5.87 K | - | 2.2 K | 9.22 K | 9.22 K | - | 8.79 K | 8.79 K | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
-65.2 M | 41.9 M | 53.8 M | 67.8 M | 53.8 M | 100 M | 79.1 M | 86.7 M | 79.1 M | 111 M | 116 M | 112 M | 124 M | 118 M | 46.5 M | 35.2 M | 46.5 M | 38.5 M | 44.2 M | 19.2 M | 44.2 M | 29.7 M | 36.6 M | 9.14 M | 36.6 M | 16.7 M | 19.9 M | 11.1 M | 19.9 M | 9.8 M | 4.58 M | 1.3 M | 4.58 M | 1.3 M | 3.14 M | 4.19 M | 2.16 M | 2.16 M | 4.56 K | 5.87 K | - | 2.2 K | 9.22 K | 9.22 K | - | 8.79 K | 8.79 K | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Akoustis Technologies, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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