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The Shyft Group (SHYF)
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The Shyft Group Balance Sheet 2024-2008 | SHYF
Brief overview of The Shyft Group's assets and capital
The review uses the five latest available annual reports between 2020 and 2024.
Assets rose from $359 million to $568.7 million, a gain of +58.4%, while CAGR was about 12.2%. The balance sheet expanded rapidly.
Funding shifted toward liabilities: they gained +101.7%, compared with +58.4% for assets.
The equity ratio is 43.7% versus 55.7% five periods ago. Capitalization remains workable.
Net debt is $89.1 million, or 0.36x of equity. This is a conservative debt position.
The cash reserve occupies 2.8% of the balance sheet, previously 5.8%. It is one marker of short-term resilience.
Accumulated earnings ended at $148.6 million, a change of +35.9%. They remain an important part of the capital base.
What the balance sheet shows
The Shyft Group's balance sheet is broadly resilient, though selected areas require monitoring. The balance between assets, equity and liabilities remains the key issue.
Annual Balance Sheet The Shyft Group
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
89.1 M | 51 M | 55.6 M | -28.5 M | 9.93 M | 77.7 M | -1.83 M | -15.5 M | -31.9 M | -27.5 M | -23.3 M | -25.4 M | -16.5 M | -26.5 M | -9.28 M | - | - |
Long Term Debt |
95.2 M | 50.1 M | 56.3 M | 738 K | 23.4 M | 88.7 M | 25.5 M | 17.9 M | 74 K | 5.12 M | 5.2 M | 5.26 M | 5.21 M | 5.08 M | 5.12 M | - | - |
Long Term Debt Current |
9.68 M | 10.8 M | 10.9 M | 7.93 M | 7.51 M | 5.16 M | - | - | - | 63 K | 59 K | 79 K | 82 K | 55 K | 102 K | - | - |
Total Non Current Liabilities |
- | - | - | - | - | 121 M | 29.6 M | 23.2 M | 2.62 M | 9.81 M | 9.58 M | 11.6 M | 12.7 M | 15.4 M | - | - | - |
Total Current Liabilities |
182 M | 183 M | 201 M | 136 M | 93.4 M | 158 M | 138 M | 110 M | 87.7 M | 72.4 M | 60.6 M | 70.2 M | 53.7 M | 50.4 M | 41.7 M | - | - |
Total Liabilities |
320 M | 278 M | 312 M | 181 M | 159 M | 279 M | 168 M | 133 M | 90.3 M | 82.2 M | 70.2 M | 81.7 M | 66.4 M | 65.8 M | - | - | - |
Deferred Revenue |
3.55 M | 4.76 M | 5.26 M | 988 K | 756 K | 2.64 M | 22.6 M | 25.4 M | 16.1 M | 13.1 M | 11.5 M | 18 M | 6.39 M | 7.9 M | - | - | - |
Retained Earnings |
149 M | 158 M | 176 M | 171 M | 109 M | 86.8 M | 104 M | 88.9 M | 76.4 M | 72.3 M | 92.7 M | 96.1 M | 106 M | 111 M | 114 M | - | - |
Total Assets |
569 M | 530 M | 580 M | 448 M | 359 M | 451 M | 354 M | 301 M | 243 M | 231 M | 239 M | 253 M | 245 M | 249 M | 242 M | - | - |
Cash and Cash Equivalents |
15.8 M | 9.96 M | 11.5 M | 37.2 M | 21 M | 19.3 M | 27.4 M | 33.5 M | 32 M | 32.7 M | 28.6 M | 30.7 M | 21.7 M | 31.7 M | 14.5 M | 18.5 M | 13.7 M |
Book Value |
248 M | 252 M | 269 M | 267 M | 200 M | 172 M | 186 M | 168 M | 153 M | 148 M | 169 M | 172 M | 179 M | 183 M | 242 M | - | - |
Total Shareholders Equity |
248 M | 252 M | 269 M | 267 M | 200 M | 172 M | 187 M | 169 M | 154 M | 149 M | 169 M | 172 M | 179 M | 183 M | 183 M | 181 M | 171 M |
Annual performance
Select metrics to display
All numbers in USD currency
Quarterly Balance Sheet The Shyft Group
| 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 |
110 M | 95.2 M | 110 M | 65.2 M | 65.1 M | 50.1 M | 55.2 M | 45.2 M | 65.2 M | 56.3 M | 65.2 M | - | 35.2 M | 738 K | 694 K | 23.2 M | 23.3 M | 23.4 M | 23.4 M | 23.4 M | 23.4 M | 88.7 M | 109 M | 20.9 M | 88.7 M | 25.5 M | 25.5 M | 25.5 M | 25.5 M | 17.9 M | 17.9 M | 17.9 M | 17.9 M | 74 K | 90 K | 5.1 M | 5.12 M | 5.12 M | 5.16 M | 5.12 M | 5.12 M | 5.2 M | 5.2 M | 5.2 M | 5.2 M | 5.26 M | 5.26 M | 5.26 M | 5.26 M | 5.21 M | 5.21 M | 5.21 M | 5.21 M | 5.08 M | 5.08 M | 5.08 M | 5.08 M |
Total Liabilities |
334 M | 320 M | 317 M | 248 M | 261 M | 278 M | 280 M | 235 M | 300 M | 312 M | 302 M | - | 231 M | 181 M | 183 M | 194 M | 205 M | 159 M | 159 M | 159 M | 159 M | 279 M | 279 M | 279 M | 279 M | 168 M | 168 M | 168 M | 168 M | 133 M | 133 M | 133 M | 133 M | 90.3 M | 90.3 M | 90.3 M | 90.3 M | 79.7 M | 79.7 M | 79.7 M | 82.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
10.2 M | 3.55 M | 6.02 M | 5.62 M | 3.94 M | 4.76 M | 6.23 M | 4.2 M | 7.72 M | 5.26 M | 10.6 M | - | 5.19 M | 988 K | 2.15 M | 377 K | 463 K | 756 K | 756 K | 756 K | 756 K | 2.64 M | 2.64 M | 2.64 M | 2.64 M | 871 K | 22.6 M | 22.6 M | 22.6 M | 25.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
145 M | 149 M | 154 M | 152 M | 152 M | 158 M | 165 M | 171 M | 168 M | 176 M | 160 M | - | 141 M | 171 M | 152 M | 132 M | 117 M | 109 M | 109 M | 109 M | 109 M | 86.8 M | 86.8 M | 86.8 M | 86.8 M | 104 M | 104 M | 104 M | 104 M | 88.9 M | 88.9 M | 88.9 M | 88.9 M | 76.4 M | 76.4 M | 76.4 M | 76.4 M | 72.3 M | 72.3 M | 72.3 M | 72.3 M | 92.7 M | 92.7 M | 92.7 M | 92.7 M | 96.1 M | 96.1 M | 96.1 M | 96.1 M | 106 M | 106 M | 106 M | 106 M | 111 M | 111 M | 111 M | 111 M |
Total Assets |
581 M | 569 M | 569 M | 498 M | 508 M | 530 M | 535 M | 496 M | 557 M | 580 M | 552 M | 495 M | 459 M | 448 M | 430 M | 419 M | 412 M | 359 M | 359 M | 359 M | 359 M | 451 M | 451 M | 451 M | 451 M | 354 M | 354 M | 354 M | 354 M | 301 M | 301 M | 301 M | 301 M | 243 M | 243 M | 243 M | 243 M | 231 M | 228 M | 228 M | 231 M | 239 M | 239 M | 239 M | 239 M | 253 M | 253 M | 253 M | 253 M | 245 M | 245 M | 245 M | 245 M | 249 M | 249 M | 249 M | 249 M |
Cash and Cash Equivalents |
16.2 M | 15.8 M | 21.4 M | 8.96 M | 13.3 M | 9.96 M | 9.88 M | 7.81 M | 7.38 M | 11.5 M | 2.86 M | - | 3.69 M | 37.2 M | 14.5 M | 4.18 M | 10 M | 21 M | 21 M | 21 M | 21 M | 19.3 M | 19.3 M | 19.3 M | 19.3 M | 27.4 M | 27.4 M | 27.4 M | 27.4 M | 33.5 M | 33.5 M | 33.5 M | 33.5 M | 32 M | 32 M | 32 M | 32 M | 32.7 M | 32.7 M | 32.7 M | 32.7 M | 28.6 M | 28.6 M | 28.6 M | 28.6 M | 30.7 M | 30.7 M | 30.7 M | 30.7 M | 21.7 M | 21.7 M | 21.7 M | 21.7 M | 31.7 M | 31.7 M | 31.7 M | 31.7 M |
Book Value |
247 M | 248 M | 253 M | 249 M | 247 M | 252 M | 256 M | 261 M | 257 M | 269 M | 250 M | 495 M | 228 M | 267 M | 247 M | 225 M | 207 M | 200 M | 200 M | 200 M | 200 M | 172 M | 172 M | 172 M | 172 M | 186 M | 186 M | 186 M | 186 M | 168 M | 168 M | 168 M | 168 M | 153 M | 153 M | 153 M | 153 M | 151 M | 148 M | 148 M | 148 M | 239 M | 239 M | 239 M | 239 M | 253 M | 253 M | 253 M | 253 M | 245 M | 245 M | 245 M | 245 M | 249 M | 249 M | 249 M | 249 M |
Total Shareholders Equity |
247 M | 248 M | 253 M | 249 M | 247 M | 252 M | 256 M | 261 M | 257 M | 269 M | 250 M | 233 M | 228 M | 267 M | 247 M | 255 M | 207 M | 200 M | 200 M | 200 M | 200 M | 172 M | 172 M | 172 M | 172 M | 187 M | 187 M | 187 M | 187 M | 169 M | 169 M | 169 M | 169 M | 154 M | 154 M | 154 M | 154 M | 149 M | 149 M | 149 M | 149 M | 169 M | 169 M | 169 M | 169 M | 172 M | 172 M | 172 M | 172 M | 179 M | 179 M | 179 M | 179 M | 183 M | 183 M | 183 M | 183 M |
Quarterly performance
Select metrics to display
All numbers in USD currency
Balance Sheet is a fundamental financial report of The Shyft Group, 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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