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CynergisTek Balance Sheet 2021-2009 | CTEK
Brief overview of CynergisTek's balance sheet structure
The balance sheet is assessed across five available annual reports spanning 2016 to 2020.
The balance sheet expanded from $26.5 million to $32 million. Growth of +20.8% and CAGR of 4.8% look measured and sustainable.
Liabilities increased less than assets, posting -30.9% versus +20.8%. That relationship usually strengthens the balance sheet.
The equity ratio reached 73.3% from 53.3%. A high capital share reduces dependence on liabilities.
Cash exceeds interest-bearing debt, producing net debt of -$2.4 million. The balance sheet therefore carries a net cash position.
The cash share moved from 23% to 17.6%. A higher figure generally provides more room in an adverse scenario.
The balance sheet carries negative retained earnings of -$15.1 million. The figure may result from accumulated losses or an active capital return policy.
Conclusion
CynergisTek's financial position is positive on balance sheet evidence. Growth in resources has not undermined capital strength.
Annual Balance Sheet CynergisTek
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | -2.36 M | -4.09 M | 6.86 M | 5.19 M | -5.34 M | -5.19 M | -4.41 M | -2.53 M | -614 K | -346 K | - | - |
Long Term Debt |
- | 3 M | 703 K | 12.9 M | 9.44 M | 750 K | 1.25 M | 334 K | - | 1.58 M | 1.49 M | - | - |
Long Term Debt Current |
45.2 K | 252 K | 533 K | 576 K | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | 4.31 M | 3.26 M | 19 M | 15.6 M | 950 K | 1.38 M | 383 K | 46.6 K | 1.66 M | 1.93 M | 79.5 K | - |
Total Current Liabilities |
4.92 M | 4.22 M | 4.27 M | 14.7 M | 20.3 M | 11.4 M | 12.7 M | 10 M | 9.57 M | 8.66 M | 4.22 M | 3.61 M | - |
Total Liabilities |
- | 8.53 M | 6.99 M | 32.1 M | 35.9 M | 12.4 M | 14.1 M | 10.4 M | 9.62 M | 10.3 M | 6.15 M | - | - |
Deferred Revenue |
1.66 M | 1.27 M | 1.44 M | 918 K | 1.43 M | 563 K | 914 K | 922 K | 868 K | 903 K | 382 K | - | - |
Retained Earnings |
-17.4 M | -15.1 M | 3.34 M | -11.5 M | -14.3 M | -13.9 M | -18.9 M | -20.2 M | -21.5 M | -22.9 M | -20.5 M | -17.9 M | - |
Total Assets |
28.9 M | 32 M | 45.7 M | 54 M | 52.7 M | 26.5 M | 22.9 M | 16.8 M | 11.6 M | 9.94 M | 6.56 M | 6.21 M | - |
Cash and Cash Equivalents |
3.58 M | 5.61 M | 5.33 M | 6.57 M | 4.25 M | 6.09 M | 6.44 M | 4.74 M | 4.67 M | 2.19 M | 1.83 M | 2.25 M | 1.78 M |
Book Value |
28.9 M | 23.5 M | 38.7 M | 21.9 M | 16.8 M | 14.1 M | 8.82 M | 6.4 M | 1.97 M | -378 K | 407 K | 6.21 M | - |
Total Shareholders Equity |
24 M | 23.5 M | 38.2 M | 20.4 M | 16.8 M | 14.1 M | 8.82 M | 6.4 M | 1.97 M | -378 K | 407 K | 2.52 M | 3.48 M |
All numbers in USD currency
Quarterly Balance Sheet CynergisTek
| 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 |
- | - | - | - | - | - | - | 15 K | 3 M | 64.7 K | 93.1 K | 145 K | - | - | - | - | 12.9 M | 14.1 M | 14.7 M | 14.7 M | 9.44 M | 10 M | 10.6 M | 11.2 M | 750 K | 875 K | 1 M | 1.12 M | 1.25 M | 1.38 M | 1.5 M | 1.25 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | 50 K | 2.83 M | 4.14 M | 4.31 M | 3.86 M | 4.5 M | 3.11 M | 3.26 M | 1.04 M | 1.25 M | 1.48 M | 19 M | 19.3 M | 20.1 M | 20.2 M | 15.6 M | 17 M | 18.3 M | 19.7 M | 950 K | 954 K | 1.08 M | 1.23 M | 1.38 M | 1.53 M | 1.66 M | 149 K | 383 K | 373 K | 51.4 K | 32.7 K | 46.6 K | 54.9 K | 1.72 M | 1.69 M | 1.66 M | 1.66 M | 2.06 M | 2.24 M | 1.93 M | 1.9 M | 1.93 M | 1.93 M |
Total Liabilities |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 35.2 M | 36.5 M | - | 12.4 M | - | 12.4 M | - | - | - | - | - | - | 9.34 M | - | - | 9.62 M | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
- | - | 1.62 M | 1.09 M | 1.66 M | 1.67 M | 1.53 M | 1.21 M | 1.27 M | 1.56 M | 1.8 M | 2.09 M | 1.44 M | 1.47 M | 1.65 M | 1.26 M | 918 K | 1.14 M | 2.37 M | 1.04 M | 1.43 M | 2.14 M | 1.65 M | 1.79 M | 563 K | 495 K | 599 K | 788 K | 914 K | 901 K | 957 K | 808 K | 922 K | 905 K | 836 K | 848 K | 868 K | 885 K | 923 K | 928 K | 903 K | 867 K | 884 K | 903 K | 382 K | 382 K | 382 K | - |
Retained Earnings |
- | - | -26.5 M | -18.2 M | -17.4 M | -14.9 M | -16.1 M | -16 M | -15.1 M | -2.24 M | -962 K | 1.49 M | 3.34 M | 3.65 M | 4.91 M | 6 M | -11.5 M | -12.9 M | -14 M | -14.1 M | -14.3 M | -12.7 M | -13.8 M | -13.9 M | -13.9 M | -17.7 M | -18.4 M | -19 M | -18.9 M | -20.4 M | -20.9 M | -20.2 M | -20.2 M | -20.9 M | -21.6 M | -21.6 M | -21.5 M | -22.2 M | -23 M | -23.1 M | -22.9 M | -22.8 M | -22.2 M | -22.1 M | -20.5 M | -19.4 M | -19.3 M | -20.5 M |
Total Assets |
- | - | 18.7 M | 26.3 M | 28.9 M | 30.5 M | 29.3 M | 30.3 M | 32 M | 43.8 M | 45.6 M | 44.2 M | 45.7 M | 45.1 M | 47.1 M | 48.6 M | 54 M | 50.1 M | 50.2 M | 49.8 M | 52.7 M | 53.5 M | 53.7 M | 53.7 M | 26.5 M | 20.9 M | 21.7 M | 21.3 M | 22.9 M | 21.4 M | 22.4 M | 17.9 M | 16.8 M | 15.1 M | 12.5 M | 11.5 M | 11.6 M | 10.7 M | 10.3 M | 9.94 M | 9.94 M | 8.77 M | 10.2 M | 6.18 M | 6.56 M | 7.74 M | 5.39 M | 6.56 M |
Cash and Cash Equivalents |
- | - | 1.41 M | 1.21 M | 3.58 M | 5.09 M | 4.03 M | 4.44 M | 5.61 M | 4.29 M | 5.41 M | 3.07 M | 5.33 M | 10.2 M | 10.8 M | 12.4 M | 6.57 M | 6.36 M | 5 M | 3.41 M | 4.25 M | 2.75 M | 2.83 M | 3.16 M | 6.09 M | 5.39 M | 4.45 M | 5.35 M | 6.44 M | 5.22 M | 5.09 M | 5.11 M | 4.74 M | 4.27 M | 4.95 M | 4.75 M | 4.67 M | 3.1 M | 2.03 M | 2.68 M | 2.19 M | 1.32 M | 1.58 M | 1.03 M | 1.83 M | 2.05 M | 1.78 M | 1.83 M |
Book Value |
- | - | 18.7 M | 26.3 M | 28.9 M | 30.5 M | 29.3 M | 30.3 M | 32 M | 43.8 M | 45.6 M | 44.2 M | 45.7 M | 45.1 M | 47.1 M | 48.6 M | 54 M | 50.1 M | 50.2 M | 49.8 M | 52.7 M | 18.3 M | 17.1 M | 53.7 M | 14.1 M | 20.9 M | 9.34 M | 21.3 M | 22.9 M | 21.4 M | 22.4 M | 17.9 M | 16.8 M | 5.73 M | 12.5 M | 11.5 M | 1.97 M | 10.7 M | 10.3 M | 9.94 M | 9.94 M | 8.77 M | 10.2 M | 6.18 M | 6.56 M | 7.74 M | 5.39 M | 6.56 M |
Total Shareholders Equity |
- | - | 15.2 M | 23.3 M | 24 M | 26.3 M | 23.1 M | 22.8 M | 23.5 M | 34.4 M | 35.3 M | 36.7 M | 38.2 M | 36.6 M | 37.5 M | 38.3 M | 20.4 M | 18.8 M | 17.4 M | 17.2 M | 16.8 M | 18.3 M | 17.1 M | 17 M | 14.1 M | 10.2 M | 9.48 M | 8.71 M | 8.82 M | 7.37 M | 6.79 M | 6.7 M | 6.4 M | 5.73 M | 2.35 M | 2.2 M | 1.97 M | 901 K | -3.71 K | -220 K | -378 K | -638 K | -777 K | -986 K | 407 K | 1.43 M | 1.34 M | 407 K |
All numbers in USD currency
Balance Sheet is a fundamental financial report of CynergisTek, 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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