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Superior Drilling Products Balance Sheet 2023-2011 | SDPI
Brief overview of Superior Drilling Products's financial position
This overview follows the five latest available annual observations between 2019 and 2023.
The asset base grew from $16.8 million to $27 million, or +61.3%. Average annual growth of roughly 12.7% was strong.
Liabilities grew more slowly than assets: +7.5% versus +61.3%. Expansion relied more on equity, improving funding quality.
The equity-to-assets ratio is 61.6%, compared with 42.4% five periods ago. The balance sheet has a substantial internal cushion.
Cash exceeds interest-bearing debt, producing net debt of -$1 million. The balance sheet therefore carries a net cash position.
Cash equals 9.9% of the balance sheet, compared with 7.3% five periods ago. This is the readily available cushion.
The accumulated result is -$28.5 million 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 Superior Drilling Products: funding is balanced and liability risks appear controlled.
Annual Balance Sheet Superior Drilling Products
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-1.01 M | -1.58 M | -2.55 M | -431 K | 6.73 M | 6.61 M | 10.4 M | 14 M | 17.5 M | 15.6 M | 14.2 M | 19.9 M | - |
Long Term Debt |
1.61 M | 529 K | 257 K | 1.45 M | 3.85 M | 6.3 M | 6.71 M | 13.3 M | 16.3 M | 10.7 M | 10.9 M | 17.2 M | - |
Long Term Debt Current |
54 K | 44.3 K | 13.7 K | 79.3 K | 4.1 M | 4.58 M | 6.1 M | 2.91 M | 2.52 M | 10.7 M | 3.32 M | - | - |
Total Non Current Liabilities |
- | - | - | 5.65 M | 3.85 M | 6.3 M | 6.71 M | 14.1 M | 17.6 M | 13.1 M | 11.8 M | 18.7 M | - |
Total Current Liabilities |
3.82 M | 3.75 M | 4.09 M | 3.17 M | 5.81 M | 5.93 M | 7.67 M | 4.91 M | 4.86 M | 14.4 M | 8.69 M | - | - |
Total Liabilities |
10.4 M | 9.51 M | 8.46 M | 8.82 M | 9.66 M | 12.2 M | 14.4 M | 19 M | 22.6 M | 27.5 M | 20.5 M | 20.4 M | - |
Deferred Revenue |
- | - | - | - | 61.4 K | - | - | - | - | - | - | - | - |
Retained Earnings |
-28.5 M | -35.9 M | -37 M | -36.4 M | -33 M | -32.1 M | -32 M | -24.4 M | -15.2 M | -767 K | - | - | - |
Total Assets |
27 M | 17.6 M | 14.6 M | 13 M | 16.8 M | 19.6 M | 21.3 M | 33 M | 38.7 M | 57.5 M | 20.8 M | 19.1 M | - |
Cash and Cash Equivalents |
2.67 M | 2.16 M | 2.82 M | 1.96 M | 1.22 M | 4.26 M | 2.38 M | 2.24 M | 1.3 M | 5.79 M | 11.3 K | - | - |
Book Value |
16.7 M | 8.09 M | 6.15 M | 4.22 M | 7.1 M | 7.41 M | 6.94 M | 14 M | 16.2 M | 30.1 M | 257 K | -1.38 M | - |
Total Shareholders Equity |
16.7 M | 8.09 M | 6.15 M | 4.22 M | 7.1 M | 7.41 M | 6.94 M | 14 M | 16.2 M | 30.1 M | 257 K | - | - |
All numbers in USD currency
Quarterly Balance Sheet Superior Drilling Products
| 2024-Q1 | 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 |
1.56 M | 1.7 M | 448 K | 489 K | 529 K | 684 K | 191 K | 225 K | 257 K | 1.12 M | 1.23 M | 1.34 M | 1.45 M | 1.94 M | 2.96 M | 2.58 M | 3.85 M | 4.18 M | 5.1 M | 5.96 M | 6.3 M | 2.52 M | 3.59 M | 4.65 M | 6.71 M | 6.76 M | 11.6 M | 12.2 M | 13.3 M | 14.6 M | 15 M | 14 M | 16.3 M | 16.3 M | 16 M | 16 M | 10.7 M | 11.4 M | 17 M | 10.7 M | 10.9 M | 10.9 M | 10.9 M | - | - | - | - | - | - | - | - | - |
Total Liabilities |
10.9 M | 12 M | 10.9 M | 9.83 M | 9.51 M | 10.8 M | 8.87 M | 8.59 M | 8.46 M | 9.65 M | 9.97 M | 9.61 M | 8.82 M | 8.45 M | 8.52 M | 10.2 M | 9.66 M | 11.7 M | 11.9 M | 12.6 M | 12.2 M | 12.3 M | 12.5 M | 13.7 M | 14.4 M | 15.4 M | 15.2 M | 16 M | 19 M | 22.7 M | 22.6 M | 22.1 M | 22.6 M | 23.3 M | 23.3 M | 26.8 M | 27.5 M | 27.6 M | 28.7 M | 27.5 M | 20.5 M | 20.5 M | 20.5 M | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | 61.4 K | 61.4 K | 61.4 K | 61.4 K | 61.4 K | 61.4 K | 61.4 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-30.3 M | -34 M | -34 M | -34.4 M | -35.9 M | -36.2 M | -36.9 M | -36.8 M | -37 M | -37.6 M | -37.6 M | -37.5 M | -36.4 M | -35.8 M | -34 M | -32.8 M | -33 M | -33.1 M | -32.7 M | -32.3 M | -32.1 M | -23.3 M | -23.6 M | -24.6 M | -32 M | -23.8 M | -24.4 M | -24.7 M | -24.4 M | -21.7 M | -20.6 M | -17.5 M | -15.2 M | -5.99 M | -4.05 M | -1.81 M | -767 K | -617 K | 40.9 K | -767 K | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
25.9 M | 22.6 M | 21.3 M | 19.7 M | 17.6 M | 18.3 M | 15.5 M | 15.1 M | 14.6 M | 13.2 M | 13.4 M | 12.9 M | 13 M | 13.1 M | 14.8 M | 17.6 M | 16.8 M | 18.5 M | 19 M | 19.9 M | 19.6 M | 28.3 M | 28.1 M | 28.2 M | 21.3 M | 30.4 M | 29.5 M | 29.8 M | 33 M | 39 M | 33.8 M | 36.3 M | 38.7 M | 48.6 M | 50.2 M | 55.8 M | 57.5 M | 57.7 M | 59.5 M | 57.5 M | 20.8 M | 20.8 M | 20.8 M | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
2.08 M | 4.31 M | 1.18 M | 1.96 M | 2.16 M | 2.05 M | 2.83 M | 2.85 M | 2.82 M | 2.47 M | 2.69 M | 2.26 M | 1.96 M | 1.41 M | 2.53 M | 3.35 M | 1.22 M | 2.79 M | 3.21 M | 4.35 M | 4.26 M | 4.28 M | 3.08 M | 2.18 M | 2.38 M | 2.71 M | 1.3 M | 1.03 M | 2.24 M | 332 K | 212 K | 767 K | 1.3 M | 1.93 M | 2.46 M | 5.77 M | 5.79 M | 5.96 M | 7.73 M | 5.79 M | 11.3 K | 11.3 K | 11.3 K | - | 70.2 K | - | - | - | - | - | - | - |
Book Value |
15.1 M | 10.6 M | 10.4 M | 9.83 M | 8.09 M | 7.52 M | 6.66 M | 6.51 M | 6.15 M | 3.58 M | 3.39 M | 3.29 M | 4.22 M | 4.7 M | 6.27 M | 7.41 M | 7.1 M | 6.82 M | 7.08 M | 7.35 M | 7.41 M | 16 M | 15.6 M | 14.5 M | 6.94 M | 15 M | 14.2 M | 13.8 M | 14 M | 16.3 M | 11.2 M | 14.2 M | 16.2 M | 25.3 M | 26.9 M | 29.1 M | 30.1 M | 30.1 M | 30.8 M | 30.1 M | 257 K | 257 K | 257 K | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
15.1 M | 10.6 M | 10.4 M | 9.83 M | 8.09 M | 7.52 M | 6.66 M | 6.51 M | 6.15 M | 3.58 M | 3.39 M | 3.29 M | 4.22 M | 4.7 M | 6.27 M | 7.41 M | 7.1 M | 6.82 M | 7.08 M | 7.35 M | 7.41 M | 16 M | 15.6 M | 14.5 M | 6.94 M | 15 M | 14.2 M | 13.8 M | 14 M | 16.3 M | 11.2 M | 14.2 M | 16.2 M | 25.3 M | 26.9 M | 29.1 M | 30.1 M | 30.1 M | 30.8 M | 30.1 M | 257 K | 257 K | 257 K | - | -1.38 M | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Superior Drilling Products, 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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