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ToughBuilt Industries Balance Sheet 2023-2011 | TBLT
Brief overview of ToughBuilt Industries's assets and capital
The review uses the five latest available annual reports between 2019 and 2023.
Assets rose from $10.5 million to $51.8 million, a gain of +394.7%, while CAGR was about 49.1%. The balance sheet expanded rapidly.
Asset growth of +394.7% came with a +749.2% rise in liabilities. Financial leverage became more prominent.
The period ended with negative equity, a structure associated with elevated financial vulnerability.
Cash equals 2.2% of the balance sheet, compared with 0.2% five periods ago. This is the readily available cushion.
The accumulated result is -$191.4 million and remains below zero. The number alone does not explain whether losses, dividends or repurchases were the main cause.
Balance sheet takeaway
ToughBuilt Industries's financial structure calls for caution. Stronger equity, lower debt or restored liquidity would be needed to improve it.
Annual Balance Sheet ToughBuilt Industries
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
1.75 M | 1.87 M | - | -1.6 M | 4.32 M | -4.16 M | 5.9 M | 3.71 M | - | - | - | - | - |
Long Term Debt |
1.39 M | 3.48 M | - | - | - | - | - | 3.8 M | - | - | - | - | - |
Long Term Debt Current |
1.51 M | 960 K | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 1.49 M | 5.29 M | - | - | - | - | - |
Total Current Liabilities |
60.1 M | 50.7 M | 21.1 M | 8.14 M | 7.24 M | 27.8 M | 10.7 M | - | - | - | - | - | - |
Total Liabilities |
61.5 M | 54.2 M | 21.1 M | 8.14 M | 7.24 M | 27.8 M | 10.7 M | 7.33 M | - | - | - | - | - |
Deferred Revenue |
- | - | - | - | - | 108 K | - | - | - | - | - | - | - |
Retained Earnings |
-191 M | -145 M | -98.3 M | -60.8 M | -43.4 M | -39.1 M | -11.5 M | -5.52 M | - | - | - | - | - |
Total Assets |
51.8 M | 83.9 M | 79 M | 27.5 M | 10.5 M | 8.85 M | 2.4 M | 3.41 M | - | - | - | - | - |
Cash and Cash Equivalents |
1.15 M | 2.56 M | 7.47 M | 2.19 M | 25.1 K | 5.46 M | 44.3 K | - | - | - | - | - | - |
Book Value |
-9.72 M | 29.7 M | 57.9 M | 19.3 M | 3.23 M | -19 M | -8.26 M | -3.92 M | - | - | - | - | - |
Total Shareholders Equity |
-9.72 M | 29.7 M | 57.9 M | 19.3 M | 3.23 M | -19 M | -9.75 M | - | - | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet ToughBuilt Industries
| 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 |
3.01 M | 3.38 M | 3.22 M | 3.48 M | 3.72 M | 3.8 M | 1.45 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
56.3 M | 51.1 M | 52.4 M | 54.2 M | 43.1 M | 41.5 M | 29.7 M | 21.1 M | 18.1 M | 9.77 M | 7.32 M | 8.14 M | 9.52 M | 4.56 M | 7.61 M | 7.24 M | 12.5 M | 5.13 M | 19 M | 27.8 M | 14.7 M | 27.8 M | 27.8 M | 10.7 M | 10.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 108 K | 74.1 K | - | 108 K | - | 108 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-173 M | -159 M | -153 M | -145 M | -122 M | -122 M | -110 M | -98.3 M | -83.3 M | -74.2 M | -66.8 M | -60.8 M | -49.6 M | -49.7 M | -47.2 M | -43.4 M | -41.3 M | -38.6 M | -38.6 M | -39.1 M | -18.6 M | -39.1 M | -39.1 M | -11.5 M | -11.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
64.5 M | 67.6 M | 73.9 M | 83.9 M | 92.9 M | 82.9 M | 77.5 M | 79 M | 91 M | 60.5 M | 65.4 M | 27.5 M | 35.4 M | 30.3 M | 13.2 M | 10.5 M | 12.7 M | 6.11 M | 8.45 M | 8.85 M | 2.81 M | 8.85 M | 8.85 M | 2.4 M | 2.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
1.83 M | 2.21 M | 2.36 M | 2.56 M | 1.59 M | 2.14 M | 937 K | 7.47 M | 31.2 M | 20.2 M | 32.5 M | 2.19 M | 8.89 M | 19.6 M | 2.68 M | 25.1 K | 2.46 M | 1.02 M | 2.45 M | 5.46 M | 58.6 K | 5.46 M | 5.46 M | 44.3 K | 44.3 K | - | - | 1.33 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
8.27 M | 16.5 M | 21.5 M | 29.7 M | 49.8 M | 41.3 M | 47.7 M | 57.9 M | 72.8 M | 50.7 M | 58 M | 19.3 M | 25.9 M | 25.7 M | 5.63 M | 3.23 M | 172 K | 988 K | -10.5 M | -19 M | -11.9 M | -19 M | -19 M | -8.26 M | -8.26 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
8.27 M | 16.5 M | 21.5 M | 29.7 M | 49.8 M | 41.3 M | 47.7 M | 57.9 M | 72.8 M | 50.7 M | 58 M | 19.3 M | 25.9 M | 25.7 M | 5.63 M | 3.23 M | 172 K | 988 K | -10.5 M | -19 M | -14.7 M | -19 M | -19 M | -9.75 M | -9.75 M | - | - | -3.92 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of ToughBuilt Industries, 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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