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Charles & Colvard, Ltd. Balance Sheet 2024-2011 | CTHR
Brief overview of Charles & Colvard, Ltd.'s financial position
The review uses the five latest available annual reports between 2020 and 2024.
Assets declined from $48.9 million to $41 million, or -16.2%. The contraction calls for context such as disposals, restructuring or weaker operations.
Liabilities expanded faster than the asset base, +105.3% versus -16.2%. Debt-service capacity deserves attention.
Equity funds 62.6% of assets versus 84.7% initially. This creates a conservative balance sheet structure.
Net debt moved below zero to -$2 million, reflecting surplus cash over debt.
The cash reserve occupies 10.1% of the balance sheet, previously 28.6%. It is one marker of short-term resilience.
The balance sheet includes a negative accumulated result of -$57.5 million. It should be assessed alongside historical profits and capital distributions.
Conclusion
Charles & Colvard, Ltd. has a workable but not unconditionally strong balance sheet. Resilience depends on sustained earnings and liability control.
Annual Balance Sheet Charles & Colvard, Ltd.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-2.03 M | -7.52 M | -12 M | -17.1 M | -13 M | -12.5 M | -3.39 M | -4.59 M | -7.43 M | -5.27 M | -4.01 M | -2.57 M | -11.9 M | -6.7 M |
Long Term Debt |
1.2 M | 2.05 M | 2.85 M | 3.6 M | 772 K | - | - | - | - | - | - | - | - | - |
Long Term Debt Current |
904 K | 880 K | 857 K | 566 K | 622 K | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
1.2 M | 2.05 M | 2.85 M | 3.61 M | 983 K | 243 K | 864 K | 925 K | 1.03 M | 1.13 M | 1.22 M | 395 K | 384 K | 742 K |
Total Current Liabilities |
14.1 M | 7.22 M | 6.8 M | 5.62 M | 6.49 M | 4.7 M | 4.79 M | 5.45 M | 4.61 M | 4.62 M | 4.19 M | 4.5 M | 2.89 M | 1.85 M |
Total Liabilities |
15.3 M | 9.27 M | 9.65 M | 9.23 M | 7.47 M | 4.94 M | 5.65 M | 6.37 M | 5.64 M | 5.75 M | 5.41 M | 4.9 M | 3.27 M | 2.6 M |
Deferred Revenue |
- | - | - | - | 795 K | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-57.5 M | -43.2 M | -23.6 M | -26 M | -38.8 M | -32.6 M | -35.4 M | -34.1 M | -33.7 M | -29.1 M | -19.6 M | -6.46 M | -5.17 M | -9.55 M |
Total Assets |
41 M | 49 M | 69.2 M | 64.9 M | 48.9 M | 51.1 M | 39.5 M | 41.2 M | 40.5 M | 44.1 M | 51.4 M | 62.3 M | 59.9 M | 53.6 M |
Cash and Cash Equivalents |
4.14 M | 10.4 M | 15.7 M | 21.3 M | 14 M | 12.5 M | 3.39 M | 4.59 M | 7.43 M | 5.27 M | 4.01 M | 2.57 M | 11.9 M | 6.7 M |
Book Value |
25.6 M | 39.8 M | 59.6 M | 55.7 M | 41.4 M | 46.2 M | 33.8 M | 34.9 M | 34.9 M | 38.4 M | 46 M | 57.4 M | 56.6 M | 51.1 M |
Total Shareholders Equity |
25.6 M | 39.8 M | 59.6 M | 55.7 M | 41.4 M | 46.2 M | 33.8 M | 34.9 M | 34.9 M | 38.4 M | 46 M | 57.4 M | 56.6 M | 51.1 M |
All numbers in USD currency
Quarterly Balance Sheet Charles & Colvard, Ltd.
| 2025-Q1 | 2024-Q4 | 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 |
535 K | 762 K | 984 K | 1.2 M | 1.42 M | - | - | 2.05 M | - | - | - | - | 3.04 M | 3.23 M | 3.42 M | 3.6 M | 3.6 M | - | 51.2 K | 203 K | 203 K | 492 K | 632 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
535 K | 762 K | 984 K | 1.2 M | 1.42 M | 1.63 M | 1.84 M | 2.05 M | 2.25 M | 2.45 M | 2.65 M | 2.85 M | 3.05 M | 3.24 M | 3.43 M | 3.61 M | 4.11 M | 395 K | 639 K | 983 K | 357 K | 499 K | 1.13 M | 243 K | 730 K | 796 K | 830 K | 864 K | 864 K | 925 K | 955 K | 985 K | 925 K | 1.03 M | 1.03 M | 1.03 M | 1.03 M | 1.13 M | 1.13 M | 1.13 M | 1.13 M | 1.22 M | 1.22 M | 1.22 M | 1.22 M | 395 K | - | 395 K | - | - | - | - | - | - | - | - | - |
Total Liabilities |
10 M | 15.6 M | 14.2 M | 15.3 M | 10 M | 9.98 M | 9.31 M | 9.11 M | 7.39 M | 9.58 M | 9.37 M | 9.65 M | 9.09 M | 11.4 M | 9.49 M | 9.23 M | 10.2 M | 6.38 M | 5.73 M | 7.47 M | 6.2 M | 7.45 M | 7.23 M | 4.94 M | 5.43 M | 6.39 M | 5.71 M | 5.65 M | 5.65 M | 6.37 M | 6.71 M | 5.53 M | 6.37 M | 5.64 M | 5.64 M | 5.64 M | 5.64 M | 5.75 M | 5.75 M | 5.75 M | 5.75 M | 5.41 M | 5.41 M | 5.41 M | 5.41 M | 4.9 M | 4.9 M | 4.9 M | 4.9 M | 3.27 M | 3.27 M | 3.27 M | 3.27 M | 2.6 M | 2.6 M | 2.6 M | 2.6 M |
Retained Earnings |
-64.2 M | -62.2 M | -59.7 M | -57.5 M | -52.2 M | -48.6 M | -45.7 M | -43.2 M | -33.9 M | -25.5 M | -24.5 M | -23.6 M | -23.6 M | -24 M | -25.1 M | -26 M | -34.4 M | -35.4 M | -37.9 M | -38.8 M | -37.8 M | -31.6 M | -32.9 M | -32.6 M | -33.1 M | -34.1 M | -35.3 M | -35.4 M | -35.4 M | -34.1 M | -34.8 M | -34.6 M | -34.1 M | -33.7 M | -33.7 M | -33.7 M | -33.7 M | -29.1 M | -29.1 M | -29.1 M | -29.1 M | -19.6 M | -19.6 M | -19.6 M | -19.6 M | -6.46 M | -6.46 M | -6.46 M | -6.46 M | -5.17 M | -5.17 M | -5.17 M | -5.17 M | -9.55 M | -9.55 M | -9.55 M | -9.55 M |
Total Assets |
29.1 M | 36.6 M | 37.8 M | 41 M | 41 M | 44.5 M | 46.6 M | 48.9 M | 56.4 M | 66.9 M | 67.7 M | 69.2 M | 68.4 M | 70.1 M | 66.5 M | 64.9 M | 57.4 M | 51.5 M | 48.1 M | 48.9 M | 48.4 M | 56 M | 54.3 M | 51.1 M | 51.1 M | 41.8 M | 39.7 M | 39.5 M | 39.5 M | 41.2 M | 40.8 M | 39.6 M | 41.2 M | 40.5 M | 40.5 M | 40.5 M | 40.5 M | 44.1 M | 44.1 M | 44.1 M | 44.1 M | 51.4 M | 51.4 M | 51.4 M | 51.4 M | 62.3 M | 62.3 M | 62.3 M | 62.3 M | 59.9 M | 59.9 M | 59.9 M | 59.9 M | 53.6 M | 53.6 M | 53.6 M | 53.6 M |
Cash and Cash Equivalents |
1.26 M | 1.52 M | 2.74 M | 4.14 M | 9.24 M | 11.1 M | 12.7 M | 10.4 M | 16 M | - | - | - | 16.9 M | 16.3 M | 14.1 M | 21.3 M | 21.3 M | 16.7 M | 13.8 M | 14 M | 14 M | 12.7 M | 12.2 M | 12.5 M | 12.5 M | 2.8 M | 2.09 M | 3.39 M | 3.39 M | 4.59 M | 5.13 M | 6.29 M | 4.59 M | 7.43 M | 7.43 M | 7.43 M | 7.43 M | 5.27 M | 5.27 M | 5.27 M | 5.27 M | 4.01 M | 4.01 M | 4.01 M | 4.01 M | 2.57 M | 2.57 M | 2.57 M | 2.57 M | 11.9 M | 11.9 M | 11.9 M | 11.9 M | 6.7 M | 6.7 M | 6.7 M | 6.7 M |
Book Value |
19.1 M | 21.1 M | 23.6 M | 25.6 M | 30.9 M | 34.5 M | 37.3 M | 39.8 M | 49 M | 57.3 M | 58.3 M | 59.6 M | 59.4 M | 58.7 M | 57.1 M | 55.7 M | 47.2 M | 45.1 M | 42.4 M | 41.4 M | 42.2 M | 48.5 M | 47.1 M | 46.2 M | 45.7 M | 35.4 M | 34 M | 33.8 M | 33.8 M | 34.9 M | 34.1 M | 34.1 M | 34.9 M | 34.9 M | 34.9 M | 34.9 M | 34.9 M | 38.4 M | 38.4 M | 38.4 M | 38.4 M | 46 M | 46 M | 46 M | 46 M | 57.4 M | 57.4 M | 57.4 M | 57.4 M | 56.6 M | 56.6 M | 56.6 M | 56.6 M | 51.1 M | 51.1 M | 51.1 M | 51.1 M |
Total Shareholders Equity |
19.1 M | 21.1 M | 23.6 M | 25.6 M | 30.9 M | 34.5 M | 37.3 M | 39.8 M | 49 M | 57.3 M | 58.3 M | 59.6 M | 59.4 M | 58.7 M | 57.1 M | 58.7 M | 47.2 M | 45.1 M | 42.4 M | 45.1 M | 42.2 M | 48.5 M | 47.6 M | 48.5 M | 36.8 M | 35.8 M | 35.4 M | 35.4 M | 34 M | 34.9 M | 34.1 M | 34.1 M | 34.9 M | 34.9 M | 34.9 M | 34.9 M | 34.9 M | 38.4 M | 38.4 M | 38.4 M | 38.4 M | 46 M | 46 M | 46 M | 46 M | 57.4 M | 57.4 M | 57.4 M | 57.4 M | 56.6 M | 56.6 M | 56.6 M | 56.6 M | 51.1 M | 51.1 M | 51.1 M | 51.1 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Charles & Colvard, Ltd., 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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