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Guardion Health Sciences Balance Sheet 2023-2011 | GHSI
Brief overview of Guardion Health Sciences's balance sheet structure
The review uses the five latest available annual reports between 2019 and 2023.
Assets fell from $12.9 million to $11.9 million. This may reflect either deliberate optimization or a reduction in business scale.
Liabilities expanded faster than the asset base, +346.4% versus -7.4%. Debt-service capacity deserves attention.
Equity funds 68.3% of assets versus 93.4% initially. This creates a conservative balance sheet structure.
The cash reserve occupies 53.4% of the balance sheet, previously 86.3%. It is one marker of short-term resilience.
Retained earnings are negative at -$93.6 million. This reduces the formal capital cushion, although large shareholder returns may have contributed.
Balance sheet takeaway
Guardion Health Sciences's financial structure is not clear-cut. Asset scale alone does not resolve questions about how those assets are funded.
Annual Balance Sheet Guardion Health Sciences
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | - | -4.07 M | -8.08 M | -10.5 M | -671 K | -4.7 M | 8.86 K | 503 K | - | - | - | - |
Long Term Debt |
- | - | 3.81 K | 272 K | 435 K | - | - | - | 517 K | - | - | - | - |
Long Term Debt Current |
- | 3.81 K | 22.2 K | 163 K | 152 K | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | 272 K | 435 K | - | - | - | 517 K | - | - | - | - |
Total Current Liabilities |
1.32 M | 4.01 M | 1.16 M | 1.07 M | 410 K | 495 K | 500 K | 608 K | 957 K | - | - | - | - |
Total Liabilities |
3.77 M | 8.52 M | 1.16 M | 1.35 M | 845 K | 495 K | 500 K | 608 K | 1.47 M | - | - | - | - |
Retained Earnings |
-93.6 M | -93.7 M | -78.8 M | -54.1 M | -45.5 M | -34.6 M | -26.9 M | -20.7 M | -14.1 M | - | - | - | - |
Total Assets |
11.9 M | 21.7 M | 23.5 M | 9.86 M | 12.9 M | 3.68 M | 7.37 M | 262 K | 246 K | - | - | - | - |
Cash and Cash Equivalents |
6.36 M | 10.7 M | 4.09 M | 8.52 M | 11.1 M | 671 K | 4.74 M | 62.5 K | 13.8 K | - | - | - | - |
Book Value |
8.15 M | 13.2 M | 22.3 M | 8.52 M | 12 M | 3.19 M | 6.87 M | -346 K | -1.23 M | - | - | - | - |
Total Shareholders Equity |
8.15 M | 7.92 M | 22.3 M | 8.52 M | 12 M | 3.19 M | 6.87 M | 346 K | - | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet Guardion Health Sciences
| 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 |
- | - | - | - | - | - | - | 3.81 K | 3.81 K | 3.81 K | 3.81 K | 272 K | 186 K | 229 K | 272 K | 314 K | 355 K | 395 K | 435 K | 447 K | 481 K | 514 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 272 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
1.55 M | 6.99 M | 3.77 M | 5.18 M | 6.23 M | 5.94 M | 8.52 M | 1.73 M | 1.69 M | 1.83 M | 1.16 M | 1.97 M | 1.99 M | 1.21 M | 1.35 M | 1.47 M | 1.34 M | 1.54 M | 845 K | 906 K | 1.01 M | 2.08 M | 495 K | 495 K | 495 K | 495 K | - | - | - | - | 608 K | - | - | - | 1.47 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 438 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-88 M | -98.3 M | -93.6 M | -94 M | -94.4 M | -93.2 M | -93.7 M | -84.8 M | -83.1 M | -81.4 M | -78.8 M | -64.3 M | -61.3 M | -56.7 M | -54.1 M | -50.7 M | -48.6 M | -47.9 M | -45.5 M | -41.5 M | -39.1 M | -36 M | -34.6 M | -33.2 M | -31 M | -29.2 M | -26.9 M | -24.3 M | -22.3 M | -21.4 M | -20.7 M | -20.7 M | -20.7 M | -20.7 M | -14.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
15.3 M | 10.4 M | 11.9 M | 12.9 M | 13.5 M | 14.4 M | 21.7 M | 28.2 M | 29.8 M | 31.6 M | 23.5 M | 38.6 M | 41.3 M | 44.7 M | 9.86 M | 12.2 M | 14 M | 15.3 M | 12.9 M | 8.96 M | 5.7 M | 3.97 M | 3.68 M | 3.89 M | 4.86 M | 5.92 M | 7.37 M | 3.88 M | 513 K | 643 K | 262 K | 262 K | 262 K | 262 K | 246 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
14.8 M | 5.61 M | 6.36 M | 7.66 M | 8.37 M | 8.77 M | 10.7 M | 12.9 M | 4.22 M | 4.83 M | 4.09 M | 3.56 M | 5.5 M | 43.3 M | 8.52 M | 9.8 M | 11.6 M | 12.9 M | 11.1 M | 5.55 M | 2.37 M | 174 K | 671 K | 1.1 M | 2.07 M | 3.2 M | 4.74 M | 1.27 M | 298 K | 445 K | 62.5 K | 62.5 K | 62.5 K | 62.5 K | 13.8 K | - | - | - | 6.16 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
13.8 M | 3.41 M | 8.15 M | 7.7 M | 7.24 M | 8.48 M | 13.2 M | 26.5 M | 28.1 M | 29.8 M | 22.3 M | 36.6 M | 39.3 M | 43.5 M | 8.52 M | 10.7 M | 12.7 M | 13.7 M | 12 M | 8.05 M | 4.69 M | 1.89 M | 3.19 M | 3.39 M | 4.37 M | 5.42 M | 7.37 M | 3.88 M | 513 K | 643 K | -346 K | 262 K | 262 K | 262 K | -1.23 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
13.8 M | 3.41 M | 8.15 M | 7.7 M | 7.24 M | 8.48 M | 7.92 M | 26.5 M | 28.1 M | 29.8 M | 22.3 M | 36.6 M | 39.3 M | 43.5 M | 8.52 M | 10.7 M | 12.7 M | 13.7 M | 12 M | 8.05 M | 4.69 M | 1.89 M | 3.19 M | 3.19 M | 3.19 M | 3.19 M | 6.87 M | - | 256 K | 154 K | 346 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Guardion Health Sciences, 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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