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COMSovereign Holding Corp. Balance Sheet 2022-2009 | COMS
Brief overview of COMSovereign Holding Corp.'s balance sheet structure
The balance sheet is assessed across five available annual reports spanning 2018 to 2022.
Total assets increased by +600.6%, from $3.6 million to $24.9 million. A CAGR near 62.7% points to substantial expansion.
Asset growth of +600.6% came with a +1,506.4% rise in liabilities. Financial leverage became more prominent.
Shareholders' capital is negative, making the balance sheet dependent on consistent debt servicing capacity.
The cash share moved from 64.2% to 7.5%. A higher figure generally provides more room in an adverse scenario.
The accumulated result is -$297.6 million and remains below zero. The number alone does not explain whether losses, dividends or repurchases were the main cause.
Balance sheet takeaway
Taken together, COMSovereign Holding Corp.'s balance sheet indicators point to elevated risk. Asset growth does not offset weak funding sources.
Annual Balance Sheet COMSovereign Holding Corp.
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
1.35 M | 11.6 M | 651 K | 5.05 M | -282 K | 2.38 M | -1.11 M | -2.55 M | -1.26 M | 539 K | 664 K | 2.59 M | 1.01 M | - |
Long Term Debt |
1.9 M | 12.3 M | 706 K | 5.39 M | - | 3 M | - | - | - | 649 K | 736 K | 2.86 M | 1.16 M | - |
Long Term Debt Current |
1.32 M | 908 K | 676 K | 468 K | - | - | - | - | - | - | 90 K | - | 34.2 K | - |
Total Non Current Liabilities |
- | - | - | 1.9 M | - | 3 M | - | - | - | 649 K | 817 K | 2.86 M | - | - |
Total Current Liabilities |
27.9 M | 25.2 M | 34.3 M | 15.1 M | 2.49 M | 2.38 M | 3.08 M | 366 K | 177 K | 350 K | 172 K | 932 K | 166 K | - |
Total Liabilities |
39.9 M | 40.4 M | 37.3 M | 17 M | 2.49 M | 5.38 M | 3.08 M | 366 K | 177 K | 350 K | 908 K | 3.79 M | - | - |
Deferred Revenue |
2 M | 27 K | 721 K | 150 K | - | - | - | 7.9 K | - | - | 500 K | 31.4 K | 8.52 K | - |
Retained Earnings |
-298 M | -218 M | -64.6 M | -27.5 M | -38.5 M | -30 M | -19.7 M | -11.1 M | -2.16 M | -268 K | -20.9 M | -12.7 M | -10.1 M | - |
Total Assets |
24.9 M | 88.5 M | 131 M | 120 M | 3.56 M | 3.07 M | 4.5 M | 4.61 M | 1.72 M | 1 M | 1.31 M | 2.4 M | 1.48 M | - |
Cash and Cash Equivalents |
1.87 M | 1.6 M | 731 K | 812 K | 2.28 M | 615 K | 2.02 M | 2.66 M | 1.37 M | 110 K | 162 K | 273 K | 187 K | 51.1 K |
Book Value |
-15 M | 48.2 M | 93.5 M | 103 M | 1.07 M | -2.3 M | 1.42 M | 4.25 M | 1.54 M | 654 K | 405 K | -1.39 M | 1.48 M | - |
Total Shareholders Equity |
-15 M | 48.2 M | 93.5 M | 103 M | 1.07 M | -2.3 M | 1.42 M | 4.25 M | 1.54 M | 654 K | -19.5 K | -1.39 M | 151 K | -544 K |
All numbers in USD currency
Quarterly Balance Sheet COMSovereign Holding Corp.
| 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 |
1.9 M | 550 K | 550 K | 1.9 M | 5.38 M | 5.91 M | 16.8 M | 12.3 M | 18.1 M | 14.9 M | 11.7 M | 706 K | 13.1 M | 11.9 M | 10.5 M | 5.39 M | 37.6 K | 49.9 K | 75 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 634 K | 649 K | 787 K | 788 K | 802 K | 736 K | 831 K | 388 K | 2.33 M | 2.86 M | 2.41 M | 2.11 M | 2.86 M |
Total Non Current Liabilities |
- | - | - | - | - | - | - | - | - | 18 M | - | 3.07 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
37.7 M | 36.8 M | 38.8 M | 39.9 M | 42.2 M | 41.1 M | 41.9 M | 40.4 M | 45.4 M | 38.7 M | 32.3 M | 37.3 M | 28.9 M | 27 M | 23.1 M | 17 M | 2.63 M | 2.54 M | 2.61 M | 2.49 M | 7.65 M | 6.29 M | 5.78 M | 5.38 M | 5.34 M | 3.01 M | 2.69 M | 3.08 M | 3.5 M | 201 K | 383 K | 366 K | 401 K | 285 K | 239 K | 177 K | 346 K | 2.88 M | 924 K | 350 K | 350 K | 350 K | 965 K | 908 K | - | - | - | - | - | - | - |
Deferred Revenue |
1.44 M | 1.47 M | 4.28 M | 3.23 M | 4.07 M | 4.58 M | 4.51 M | 3.34 M | 2.93 M | 2.86 M | 2.45 M | 721 K | 199 K | 220 K | 239 K | 150 K | 150 K | 150 K | 150 K | - | - | - | - | - | - | - | - | - | 7.9 K | 7.9 K | 7.9 K | 7.9 K | 130 K | 130 K | 7.9 K | - | - | - | - | - | 500 K | 10 K | 500 K | 500 K | 500 K | 53.6 K | 73.9 K | 31.4 K | 34.8 K | 28.2 K | 31.4 K |
Retained Earnings |
-303 M | -302 M | -302 M | -298 M | -257 M | -255 M | -218 M | -218 M | -102 M | -91.4 M | -80.8 M | -64.6 M | -52.5 M | -42.1 M | -34.6 M | -27.5 M | -38.9 M | -39.5 M | -39.6 M | -38.5 M | -33.9 M | -32.8 M | -31.7 M | -30 M | -27.3 M | -22.6 M | -20.8 M | -19.7 M | -18.3 M | -14.5 M | -12.4 M | -11.1 M | -7.57 M | -5.98 M | -3.1 M | -2.16 M | -1.46 M | -431 K | -21.4 M | -268 K | -14.4 M | -14.2 M | -14.2 M | -20.9 M | -14.8 M | -14.2 M | -13.4 M | -12.7 M | -12 M | -11.4 M | -12.7 M |
Total Assets |
20.3 M | 20.9 M | 22.4 M | 24.9 M | 56.6 M | 55.7 M | 91.8 M | 88.5 M | 188 M | 188 M | 178 M | 131 M | 133 M | 116 M | 119 M | 120 M | 5.3 M | 4.64 M | 4.63 M | 3.56 M | 3.05 M | 2.44 M | 2.82 M | 3.07 M | 3.94 M | 2.78 M | 3.61 M | 4.5 M | 5.66 M | 3.47 M | 4.11 M | 4.61 M | 2.28 M | 1.62 M | 1.16 M | 1.72 M | 2.48 M | 2.35 M | 998 K | 1 M | 1.49 M | 1.79 M | 1.92 M | 1.31 M | 1.74 M | 2.21 M | 2.59 M | 2.4 M | 2.3 M | 1.87 M | 2.4 M |
Cash and Cash Equivalents |
2.04 M | 2.4 M | 3.06 M | 1.87 M | 536 K | 126 K | 466 K | 1.6 M | 2.45 K | 5.4 M | 11 M | 731 | 505 K | 369 K | 752 K | 812 K | 1.62 M | 676 K | 2.76 M | 2.28 M | 179 K | 430 K | 939 K | 615 K | 1.76 M | 719 K | 1.45 M | 2.02 M | 3.62 M | 1.11 M | 1.74 M | 2.66 M | 235 K | 1.11 M | 794 K | 1.37 M | 1.9 M | 1.73 M | 572 K | 110 K | 758 K | 821 K | 703 K | 162 K | 315 K | 99.2 K | 325 K | 273 K | 396 K | 213 K | 273 K |
Book Value |
-17.5 M | -15.9 M | -16.4 M | -15 M | 14.4 M | 14.6 M | 49.9 M | 48.2 M | 143 M | 150 M | 146 M | 93.5 M | 104 M | 88.8 M | 96.2 M | 103 M | 2.67 M | 2.09 M | 2.01 M | 1.07 M | -4.6 M | -3.85 M | -2.96 M | -2.3 M | -1.4 M | -231 K | 928 K | 1.42 M | 2.15 M | 3.27 M | 3.72 M | 4.25 M | 1.88 M | 1.33 M | 918 K | 1.54 M | 2.13 M | -536 K | 74.2 K | 654 K | 1.14 M | 1.44 M | 954 K | 405 K | 1.74 M | 2.21 M | 2.59 M | 2.4 M | 2.3 M | 1.87 M | 2.4 M |
Total Shareholders Equity |
-17.5 M | -15.9 M | -16.4 M | -15 M | 14.4 M | 14.6 M | 49.9 M | 48.2 M | 143 M | 150 M | 146 M | 93.5 M | 104 M | 88.8 M | 96.2 M | 103 M | 2.67 M | 2.09 M | 2.01 M | 1.07 M | -4.6 M | -3.85 M | -2.96 M | -2.3 M | -1.4 M | -231 K | 928 K | 1.42 M | 2.15 M | 3.27 M | 3.72 M | 4.25 M | 1.88 M | 1.33 M | 918 K | 1.54 M | 2.13 M | -536 K | 74.2 K | 654 K | 477 K | 773 K | 847 K | -19.5 K | 64.8 K | 834 K | -598 K | -1.39 M | -899 K | -613 K | -1.39 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of COMSovereign Holding Corp., 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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