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Steel Connect (STCN)
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Steel Connect Balance Sheet 2024-2008 | STCN
Brief overview of Steel Connect's financial position
Balance sheet changes are traced across five available annual reports between 2020 and 2024.
Assets declined from $759.2 million to $485.6 million, or -36%. The contraction calls for context such as disposals, restructuring or weaker operations.
Growth in the asset base was not matched by liabilities: -36% versus -86.1%. The balance sheet moved in a more conservative direction.
Shareholders' equity accounts for 31.7% of assets, previously 6.4%. Dependence on liabilities is moderate.
Negative net debt of -$227.4 million means cash holdings are larger than debt obligations.
The cash share moved from 7.7% to 51.2%. A higher figure generally provides more room in an adverse scenario.
Retained earnings stand at $93.5 million; the five-period change was +101.3%. This reflects accumulated business performance.
Overall assessment
Steel Connect has a solid balance sheet cushion. Capital and liquidity support development without excessive reliance on debt.
Annual Balance Sheet Steel Connect
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-227 M | -101 M | -35.7 M | -39.4 M | -45.1 M | 355 M | 297 M | -50.9 M | -72.6 M | -41.6 M | -110 M | -77.5 M | -52.2 M | -111 M | - | - | - |
Long Term Debt |
12.9 M | 12.5 M | 11 M | 9.15 M | 7.72 M | 382 M | 383 M | 59.8 M | 58.2 M | 77.9 M | 73.4 M | - | - | - | - | - | - |
Long Term Debt Current |
8.32 M | 7.97 M | 6.43 M | 9.56 M | 5.53 M | 5.73 M | 5.73 M | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
18.7 M | 37.1 M | 28 M | 417 M | 425 M | 387 M | 408 M | 69.2 M | 67.2 M | 90.5 M | 81.4 M | 10.4 M | 11.4 M | 17.7 M | - | - | - |
Total Current Liabilities |
75.1 M | 67.8 M | 83.8 M | 218 M | 250 M | 257 M | 273 M | 149 M | 195 M | 211 M | 199 M | 176 M | 182 M | 251 M | 240 M | 240 M | - |
Total Liabilities |
93.7 M | 105 M | 112 M | 635 M | 675 M | 644 M | 681 M | 218 M | 262 M | 302 M | 280 M | 187 M | 194 M | 266 M | 260 M | 261 M | - |
Deferred Revenue |
2.27 M | 2.57 M | 2.7 M | 2.21 M | 2.38 M | 2.97 M | 3.7 M | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
93.5 M | 7.61 M | -7.49 B | -7.48 B | -7.43 B | -7.43 B | -7.36 B | -7.4 B | -7.37 B | -7.31 B | -7.29 B | -7.28 B | -7.24 B | -7.2 B | -7.17 B | -7.13 B | - |
Total Assets |
486 M | 411 M | 138 M | 676 M | 759 M | 732 M | 830 M | 281 M | 348 M | 447 M | 452 M | 344 M | 359 M | 479 M | 540 M | 577 M | - |
Cash and Cash Equivalents |
249 M | 121 M | 53.1 M | 58.1 M | 58.3 M | 32.5 M | 92.1 M | 111 M | 131 M | 119 M | 184 M | 77.9 M | 52.4 M | 111 M | 161 M | 174 M | 161 M |
Book Value |
392 M | 306 M | 26 M | 41.4 M | 84 M | 87.9 M | 149 M | 63 M | 85.9 M | 145 M | 172 M | 157 M | 165 M | 214 M | 279 M | 316 M | - |
Total Shareholders Equity |
154 M | 68.6 M | -9.21 M | 6.21 M | 48.8 M | 52.7 M | 108 M | 63 M | 85.9 M | 145 M | 172 M | 157 M | 165 M | 215 M | 276 M | 316 M | 515 M |
Annual performance
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All numbers in USD currency
Quarterly Balance Sheet Steel Connect
| 2025-Q1 | 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 |
- | 12.9 M | 12.9 M | 12.3 M | 12.9 M | 11.5 M | 12 M | 11.5 M | 10.1 M | 10.5 M | 10.1 M | 367 M | 371 M | 369 M | 371 M | 372 M | 366 M | 380 M | 366 M | 367 M | 380 M | 370 M | 380 M | 369 M | 386 M | 385 M | 386 M | 382 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
16.1 M | 19.4 M | 22 M | 23.3 M | 22 M | 38.4 M | 40.2 M | 28.3 M | 56.9 M | 29.4 M | 56.9 M | 415 M | 420 M | 419 M | 420 M | 425 M | 432 M | 431 M | 432 M | 430 M | 405 M | 387 M | 405 M | 387 M | 479 M | 396 M | 479 M | 407 M | 66.8 M | 67.9 M | 66.8 M | 67.5 M | 92.9 M | 94.3 M | 92.9 M | 92.5 M | 83.6 M | 84.7 M | 83.6 M | 82.6 M | 9.52 M | 82.5 M | 9.52 M | 10.7 M | - | 10.7 M | 10.4 M | 10.4 M | - | - | 11.4 M | - | - | - | - | - |
Total Liabilities |
82.4 M | 99.1 M | 97.6 M | 101 M | 97.6 M | 119 M | 126 M | 111 M | 624 M | 122 M | 624 M | 631 M | 643 M | 639 M | 643 M | 673 M | 700 M | 705 M | 700 M | 705 M | 681 M | 607 M | 681 M | 644 M | 706 M | 689 M | 701 M | 687 M | 239 M | 228 M | 239 M | 268 M | 350 M | 293 M | 350 M | 368 M | 294 M | 324 M | 294 M | 282 M | 187 M | 250 M | 187 M | 210 M | - | 210 M | 187 M | 187 M | 233 M | - | 194 M | - | 219 M | 266 M | 208 M | 214 M |
Deferred Revenue |
2.03 M | 2.76 M | 2.95 M | 2.54 M | 2.95 M | 2.95 M | 3.49 M | 2.36 M | 3.56 M | 3.1 M | 3.56 M | 2.74 M | 5.29 M | 2.75 M | 5.29 M | 2.93 M | 3.9 M | 3.81 M | 3.9 M | 3.3 M | 5.1 M | 2.9 M | 5.1 M | 2.9 M | - | 184 K | 3.7 M | 184 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
95.3 M | 87.4 M | 16.3 M | 11.5 M | 16.3 M | -7.49 B | -7.49 B | -7.49 B | -7.52 B | -7.49 B | -7.52 B | -7.5 B | -7.44 B | -7.47 B | -7.44 B | -7.44 B | -7.43 B | -7.43 B | -7.43 B | -7.42 B | -7.38 B | -7.39 B | -7.38 B | -7.43 B | -7.34 B | -7.36 B | -7.34 B | -7.37 B | -7.38 B | -7.39 B | -7.38 B | -7.38 B | -7.34 B | -7.35 B | -7.34 B | -7.33 B | -7.29 B | -7.31 B | -7.29 B | -7.29 B | -7.28 B | -7.28 B | -7.28 B | -7.28 B | -7.26 B | -7.27 B | -7.26 B | -7.25 B | -7.21 B | -7.22 B | -7.18 B | -7.17 B | -7.2 B | -7.2 B | -7.2 B | -7.17 B |
Total Assets |
477 M | 485 M | 413 M | 411 M | 413 M | 151 M | 156 M | 138 M | 623 M | 147 M | 623 M | 653 M | 726 M | 694 M | 726 M | 756 M | 789 M | 785 M | 789 M | 798 M | 811 M | 735 M | 811 M | 732 M | 870 M | 843 M | 870 M | 828 M | 312 M | 296 M | 312 M | 345 M | 465 M | 397 M | 465 M | 498 M | 457 M | 476 M | 457 M | 451 M | 347 M | 429 M | 347 M | 370 M | 358 M | 361 M | 358 M | 387 M | 430 M | 415 M | 430 M | 479 M | 470 M | 479 M | 422 M | 479 M |
Cash and Cash Equivalents |
234 M | 269 M | 276 M | 277 M | 276 M | 62.7 M | 62.4 M | 59.9 M | 62.4 M | 49.9 M | 64.6 M | 81.3 M | 87.6 M | 97.6 M | 87.6 M | 105 M | 30.2 M | 90.2 M | 30.2 M | 41.2 M | 92.9 M | 20.4 M | 92.9 M | 41.2 M | 106 M | 99.7 M | 106 M | 83.4 M | 114 M | 112 M | 114 M | 105 M | 141 M | 150 M | 141 M | 144 M | 123 M | 151 M | 123 M | 104 M | 75.3 M | 171 M | 75.3 M | 67.6 M | 51.8 M | 71.2 M | 51.8 M | 58.4 M | 95.6 M | 78.4 M | 95.6 M | 112 M | 154 M | 112 M | 111 M | 112 M |
Book Value |
394 M | 386 M | 315 M | 309 M | 315 M | 32.3 M | 30.4 M | 26.7 M | -1.56 M | 25.8 M | -1.56 M | 21.7 M | 82.9 M | 54.8 M | 82.9 M | 83.1 M | 89 M | 79.3 M | 89 M | 92.3 M | 130 M | 128 M | 130 M | 87.9 M | 164 M | 154 M | 169 M | 141 M | 73.5 M | 68.9 M | 73.5 M | 76.7 M | 115 M | 104 M | 115 M | 129 M | 163 M | 152 M | 163 M | 169 M | 160 M | 179 M | 160 M | 160 M | 358 M | 151 M | 172 M | 200 M | 197 M | 415 M | 236 M | 479 M | 251 M | 214 M | 215 M | 265 M |
Total Shareholders Equity |
157 M | 149 M | 77.4 M | 71.7 M | 77.4 M | -2.89 M | -4.75 M | -8.52 M | -4.75 M | -9.43 M | -36.7 M | -13.4 M | 47.7 M | 19.6 M | 47.7 M | 47.9 M | 53.8 M | 44.2 M | 53.8 M | 57.1 M | 94.5 M | 92.4 M | 94.5 M | 57.1 M | 129 M | 119 M | 134 M | 105 M | 73.5 M | 68.9 M | 73.5 M | 76.7 M | 115 M | 104 M | 115 M | 129 M | 163 M | 152 M | 163 M | 169 M | 160 M | 179 M | 160 M | 160 M | 148 M | 167 M | 148 M | 158 M | 197 M | 192 M | 226 M | 242 M | 251 M | 214 M | 215 M | 242 M |
Quarterly performance
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All numbers in USD currency
Balance Sheet is a fundamental financial report of Steel Connect, 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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