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MICT (MICT)
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MICT Balance Sheet 2022-2009 | MICT
Brief overview of MICT's financial position
The comparison uses five available annual reports from the 2016–2020 interval.
Total assets increased by +143.6%, from $31.9 million to $77.7 million. A CAGR near 24.9% points to substantial expansion.
Assets outpaced liabilities, +143.6% versus -75.9%. Dependence on external funding declined.
The equity-to-assets ratio is 79.8%, compared with 21.2% five periods ago. The balance sheet has a substantial internal cushion.
The balance sheet holds more cash than interest-bearing debt; net debt is -$29 million, indicating minimal leverage.
Cash represents 37.4% of assets versus 1.7% initially, showing how the immediate liquidity reserve changed.
Retained earnings are negative at -$40 million. This reduces the formal capital cushion, although large shareholder returns may have contributed.
Balance sheet takeaway
MICT shows a high-quality balance sheet profile, with adequate internal capital and room for maneuver.
Annual Balance Sheet MICT
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-499 M | - | -29 M | -1.3 M | 3.64 M | -852 K | 1.71 M | 2.41 M | 708 K | -6 M | -5 M | 2.56 M | 28 K | - |
Long Term Debt |
377 K | - | - | 1.86 M | - | 631 K | 1.67 M | 3.29 M | 3.92 M | 3.13 M | 3.94 M | 2.5 M | 561 K | - |
Long Term Debt Current |
1.22 M | 1.3 M | 107 K | - | 476 K | 631 K | 579 K | 1.31 M | 1 M | - | 1.67 M | 1 M | 93 K | - |
Total Non Current Liabilities |
90.9 M | 4.7 M | 5.05 M | 2.38 M | 587 K | 1.51 M | 1.34 M | 2.44 M | 4.06 M | 4.46 M | 6.51 M | 4.86 M | - | - |
Total Current Liabilities |
265 M | 25.4 M | 6.99 M | 290 K | 8.55 M | 22.2 M | 19.6 M | 20.2 M | 20.6 M | 12.8 M | 14.6 M | 4.11 M | 4.43 M | - |
Total Liabilities |
- | - | 5.05 M | 2.67 M | 9.14 M | 23.8 M | 21 M | 22.7 M | 24.7 M | 17.2 M | 21.1 M | 8.97 M | 5.24 M | - |
Deferred Revenue |
- | - | - | - | 88 K | 1.53 M | - | - | - | - | - | - | - | - |
Retained Earnings |
-123 M | -76.4 M | -40 M | -17 M | -12.8 M | -10.1 M | -1.99 M | 3.82 M | 6.28 M | 8.42 M | 8.92 M | 3.5 M | 2.32 M | - |
Total Assets |
1.68 B | 178 M | 77.7 M | 5.92 M | 10.1 M | 29.7 M | 31.9 M | 40.1 M | 44.9 M | 42.8 M | 37.9 M | 12.6 M | 9.28 M | - |
Cash and Cash Equivalents |
500 M | 96.6 M | 29 M | 3.15 M | 2.17 M | 2.11 M | 539 K | 2.19 M | 4.21 M | 9.13 M | 10.6 M | 940 K | 626 K | 241 K |
Book Value |
1.68 B | 178 M | 72.7 M | 3.24 M | 1 M | 5.97 M | 11 M | 17.5 M | 20.2 M | 25.6 M | 16.9 M | 3.61 M | 4.04 M | - |
Total Shareholders Equity |
771 M | 144 M | 62.1 M | 3.24 M | -960 K | 379 K | 6.78 M | 11.4 M | 14.1 M | 25.6 M | 16.9 M | 3.61 M | 2.83 M | 1.5 M |
Annual performance
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All numbers in USD currency
Quarterly Balance Sheet MICT
| 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 |
377 K | 377 K | 379 K | 377 K | 763 K | - | - | 691 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 631 K | - | - | - | 1.67 M | - | - | - | 3.29 M | 2.66 M | 3.63 M | 3.56 M | 3.92 M | 4.35 M | 5.49 M | 2.37 M | 3.13 M | 3.13 M | 3.14 M | 3.24 M | 3.94 M | 1.61 M | 3.21 M | 3.73 M | 2.5 M | 3.96 M | 3.22 M | 3.79 M |
Total Non Current Liabilities |
317 M | 318 M | 336 M | 90.9 M | 4.15 M | 4.29 M | 4.4 M | 4.7 M | 4.51 M | 6.58 M | 5.01 M | 5.05 M | 5.12 M | 1.09 M | 527 K | 2.38 M | 2.36 M | 526 K | 525 K | 587 K | 2.7 M | 3.24 M | 3.83 M | 1.51 M | 1.64 M | 2.13 M | 1.19 M | 1.34 M | 1.39 M | 1.93 M | 1.34 M | 2.44 M | 2.76 M | 3.72 M | 2.13 M | 4.06 M | 4.56 M | 5.79 M | 2.71 M | 4.46 M | 3.51 M | 3.54 M | 4.56 M | 6.51 M | 7.96 M | 6.51 M | 6.51 M | 4.86 M | 4.86 M | - | - |
Total Liabilities |
- | - | - | - | 23.8 M | 22.9 M | 25.9 M | 30.1 M | 29.8 M | 21.9 M | - | 12 M | - | 12 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.07 M | 10.4 M | 8.97 M | 9.3 M | 6.25 M | 8.97 M |
Retained Earnings |
171 M | 150 M | 53.3 M | -123 M | -107 M | -99.4 M | -85.1 M | -76.4 M | -68.2 M | -62.8 M | -44.4 M | -40 M | -32.5 M | -18.4 M | -18.6 M | -17 M | -16 M | -14.8 M | -13.7 M | -12.8 M | -10.1 M | -7.5 M | -11 M | -10.1 M | -6.23 M | -4.93 M | -3.6 M | -1.99 M | 977 K | 2.26 M | -1.99 M | 3.82 M | 3.73 M | 4.99 M | 3.48 M | 6.28 M | 6.31 M | 6.82 M | 8.09 M | 8.42 M | 8.31 M | 8.23 M | 8.46 M | 8.92 M | 7.59 M | 3.53 M | 3.35 M | 3.5 M | 3 M | 2.61 M | 3.5 M |
Total Assets |
1.93 B | 1.69 B | 2.37 B | 1.68 B | 144 M | 152 M | 165 M | 178 M | 182 M | 178 M | 184 M | 77.7 M | 63 M | 20 M | 4.99 M | 5.92 M | 7.63 M | 1.99 M | 2.67 M | 10.1 M | 14.7 M | 18.2 M | 30.3 M | 29.7 M | 32.9 M | 32.7 M | 31.8 M | 31.9 M | 37.4 M | 38.7 M | 31.9 M | 40.1 M | 37.3 M | 40.9 M | 39.9 M | 44.9 M | 46 M | 46.3 M | 40.2 M | 42.8 M | 42.3 M | 40.6 M | 37.1 M | 37.9 M | 35.1 M | 12.4 M | 13.7 M | 12.6 M | 12.5 M | 9.47 M | 12.6 M |
Cash and Cash Equivalents |
53.4 M | 53.2 M | 780 M | 500 M | 68.4 M | 76.1 M | 86.4 M | 94.9 M | 105 M | 114 M | 123 M | 29 M | 18.6 M | 9.71 M | 2.83 M | 3.15 M | 5.77 M | 56 K | 347 K | 2.17 M | 2.17 M | 3.9 M | 3.38 M | 2.11 M | 4.64 M | 3.06 M | 2.46 M | 539 K | 1.97 M | 1.87 M | 668 K | 2.19 M | 5.13 M | 6.08 M | 964 K | 4.21 M | 6.86 M | 9.22 M | 12 M | 9.13 M | 13.7 M | 15.8 M | 11.4 M | 10.6 M | 8.4 M | 2.95 M | 4.45 M | 940 K | 2.05 M | 338 K | 940 K |
Book Value |
1.93 B | 1.69 B | 2.37 B | 1.68 B | 120 M | 129 M | 139 M | 148 M | 152 M | 156 M | 184 M | 65.7 M | 63 M | 7.96 M | 4.99 M | 5.92 M | 7.63 M | 1.99 M | 2.67 M | 10.1 M | 14.7 M | 18.2 M | 30.3 M | 29.7 M | 32.9 M | 32.7 M | 31.8 M | 31.9 M | 37.4 M | 38.7 M | 31.9 M | 40.1 M | 37.3 M | 40.9 M | 39.9 M | 44.9 M | 46 M | 46.3 M | 40.2 M | 42.8 M | 42.3 M | 40.6 M | 37.1 M | 37.9 M | 35.1 M | 3.35 M | 3.32 M | 3.61 M | 3.24 M | 3.22 M | 3.61 M |
Total Shareholders Equity |
601 M | 523 M | 918 M | 771 M | 117 M | 126 M | 136 M | 144 M | 152 M | 156 M | 164 M | 62.1 M | 50.8 M | 4.35 M | 3.93 M | 3.24 M | 2.94 M | -865 K | -138 K | -960 K | 1.3 M | 3.3 M | 529 K | 379 K | 3.7 M | 4.3 M | 5.15 M | 6.78 M | 9.52 M | 10.3 M | 6.78 M | 11.4 M | 11.2 M | 19 M | 11.5 M | 14.1 M | 21.2 M | 22.9 M | 25.4 M | 25.6 M | 25.1 M | 24.6 M | 17.5 M | 16.9 M | 14.5 M | 3.35 M | 3.32 M | 3.61 M | 3.24 M | 3.22 M | 3.61 M |
Quarterly performance
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All numbers in USD currency
Balance Sheet is a fundamental financial report of MICT, 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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