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Desktop Metal Balance Sheet 2023-2011 | DM
Brief overview of Desktop Metal's balance sheet strength
Balance sheet changes are traced across five available annual reports between 2019 and 2023.
Assets reached $458 million, compared with $192.7 million at the beginning. Growth of +137.7% and CAGR near 24.2% show active expansion.
Asset growth of +137.7% came with a +543.1% rise in liabilities. Financial leverage became more prominent.
Internal capital represents 52.8% of the balance sheet, previously -144%. This is a strong capital position.
Negative net debt of -$76 million means cash holdings are larger than debt obligations.
The cash share moved from 34.3% to 18.3%. A higher figure generally provides more room in an adverse scenario.
The accumulated result is -$1.6 billion and remains below zero. The number alone does not explain whether losses, dividends or repurchases were the main cause.
Overall picture
The indicators point to a strong balance sheet position for Desktop Metal: funding is balanced and liability risks appear controlled.
Annual Balance Sheet Desktop Metal
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-76 M | -70.1 M | -59 M | -473 M | -55.4 M | - | - | - | - | - | - | - | - |
Long Term Debt |
501 K | 548 K | 548 K | 10 M | 9.97 M | - | - | - | - | - | - | - | - |
Long Term Debt Current |
7.34 M | 5.67 M | 5.45 M | 868 K | 806 K | - | - | - | - | - | - | - | - |
Total Current Liabilities |
70.1 M | 83.4 M | 104 M | 30.5 M | 20.6 M | 344 K | - | - | - | - | - | - | - |
Total Liabilities |
216 M | 227 M | 140 M | 126 M | 33.6 M | 344 K | - | - | - | - | - | - | - |
Deferred Revenue |
11.7 M | 13.7 M | 18.2 M | 3 M | 2.23 M | - | - | - | - | - | - | - | - |
Retained Earnings |
-1.63 B | -1.31 B | -569 M | -328 M | -294 M | -43.7 K | - | - | - | - | - | - | - |
Total Assets |
458 M | 754 M | 1.39 B | 642 M | 193 M | 326 K | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
83.8 M | 76.3 M | 65 M | 484 M | 66.2 M | 29 M | - | - | - | - | - | - | - |
Book Value |
242 M | 528 M | 1.25 B | 516 M | 159 M | -18.7 K | - | - | - | - | - | - | - |
Total Shareholders Equity |
242 M | 528 M | 1.25 B | 516 M | -277 M | -185 M | - | - | - | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet Desktop Metal
| 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 |
460 K | 457 K | 479 K | 113 M | 496 K | 525 K | 541 K | 112 M | 520 K | 567 K | 523 K | 548 K | 680 K | 3.96 M | 163 K | 10 M | 2.38 M | - | 2.16 M | 9.97 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
201 M | 207 M | 215 M | 216 M | 239 M | 233 M | 229 M | 227 M | 245 M | 240 M | 144 M | 140 M | 72.1 M | 59.4 M | 48 M | 126 M | 14.5 M | 11.5 M | 11.3 M | 33.6 M | 10.7 M | 10.7 M | 10.6 M | 344 K | 344 K | 344 K | 344 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
11.2 M | 9.86 M | 14.2 M | 11.7 M | 17 M | 12.8 M | 14.6 M | 13.7 M | 16.3 M | 17.7 M | 19.3 M | 18.2 M | 5.53 M | 4.81 M | 3.4 M | 3 M | 3 M | 3 M | 3 M | 2.23 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-1.82 B | -1.79 B | -1.68 B | -1.63 B | -1.46 B | -1.41 B | -1.36 B | -1.31 B | -997 M | -936 M | -639 M | -569 M | -497 M | -431 M | -387 M | -328 M | -216 K | 2.74 M | 2.93 M | -294 M | 2.01 M | 1.17 M | -85.1 K | -43.7 K | -43.7 K | -43.7 K | -43.7 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
274 M | 306 M | 412 M | 458 M | 644 M | 677 M | 714 M | 754 M | 1.05 B | 1.11 B | 1.32 B | 1.39 B | 972 M | 1.02 B | 988 M | 642 M | 306 M | 306 M | 306 M | 193 M | 304 M | 303 M | 302 M | 326 K | 326 K | 326 K | 326 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
30.6 M | 45.9 M | 65.6 M | 83.8 M | 107 M | 122 M | 101 M | 76.3 M | 67 M | 108 M | 104 M | 65 M | 132 M | 188 M | 416 M | 484 M | 87.6 K | 61 K | 80.5 K | 66.2 M | 588 K | 1.04 M | 1.41 M | 29 M | 119 K | 119 K | 119 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
72.3 M | 99.8 M | 197 M | 242 M | 406 M | 444 M | 486 M | 528 M | 807 M | 871 M | 1.18 B | 1.25 B | 900 M | 957 M | 940 M | 516 M | 291 M | 294 M | 295 M | 159 M | 294 M | 293 M | 292 M | -18.7 K | -18.7 K | -18.7 K | -18.7 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
72.3 M | 99.8 M | 197 M | 242 M | 406 M | 444 M | 486 M | 528 M | 807 M | 871 M | 1.18 B | 1.25 B | 900 M | 957 M | 940 M | 516 M | 5 M | 5 M | 5 M | -277 M | 5 M | 5 M | 5 M | -185 M | -18.7 K | -18.7 K | -18.7 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Desktop Metal, 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.
Balance sheet of other industry stocks – Computer hardware
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|---|---|---|---|---|---|
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voxeljet AG
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|
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ABB Ltd
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Quantum Corporation
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|
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|
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|
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MICT
MICT
|
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NetApp
NTAP
|
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Eltek Ltd.
ELTK
|
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|
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|
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Pure Storage
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|
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Nano Dimension Ltd.
NNDM
|
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AstroNova
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|
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One Stop Systems
OSS
|
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Babcock & Wilcox Enterprises
BW
|
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3D Systems Corporation
DDD
|
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HP
HPQ
|
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Dell Technologies
DELL
|
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Arista Networks
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|
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|
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Stratasys Ltd.
SSYS
|
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Coherent
COHR
|
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Identiv
INVE
|
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Logitech International S.A.
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Western Digital Corporation
WDC
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TransAct Technologies Incorporated
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|
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