Questions tagged [balance-sheet]

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126 views

How do banks balance the books after a borrower defaults on loan repayment? [closed]

Buyer gets a 10k loan to buy a tractor from Seller. In the banks' books: Buyer Assets Liabilities 10k deposit 10k repayment later Bank Assets Liabilities 10k repayment later 10k deposit for Buyer ...
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19 views

Getting the current liabilities from a balance sheet [closed]

The images below shows the financial statements of a company. There are 4 current liabilities in them. The 3 out of the 4 are interest payable, Bank Loan Payable, Accounts Payable what is the 4th ...
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28 views

Need of Equity share capital if one has sufficient reserves and surplus?

New to stock market correct me if i'm wrong. Reliance Industries balance sheet According to my understanding reserves and surplus keep account for profit that a company makes and this money is ...
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2answers
105 views

Can long-term assets ruin the balance in the balance-sheet?

I'm coming from non-accounting and non-finance backgrounds. I need help in form of understanding through a question. I want to ask about something related to the balance of a balance-sheet. ...
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1answer
112 views

Why did this company's net income significantly increase in 3rd quarter in 2020?

This is quarterly income statement for this company: I want to know why this company's 3rd quarterly income increased from -4 to 896. and how do I find out about the answer? Thank you in advance.
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26 views

Pro Forma vs. Pro Forma as Adjusted vs actual in the balance sheet in S1 report by an IPO company

In the S1 form, I found three columns in the balance sheet: "Pro Forma" vs. "Pro Forma as Adjusted" vs "actual". Which column is more important? In my understanding, the &...
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1answer
114 views

Assets != Equity + Liabilities

could anyone explain to me, in this balance sheet, which items are assets, which items are liability, and which items are equity? Are funding debt and Notes issued liability? Is redeemable convertible ...
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74 views

Why Do Different Websites Have Different Balance Sheet Data for One Same Company?

I've just begun investing in stocks. When I was checking the balance sheet of this company, different websites show different number of the Shareholders' Equity. To be specific, I was looking for the ...
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21 views

Reverse Repo Agreement Balance Sheet reatment

How are reverse repos treated on a balance sheet? My understanding of a RR is company A buys securities from company B(Repo Agreement for them) for and sell it back in the near future at a profit. How ...
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1answer
41 views

How common stock equity related to number of share outstanding?

Recently, I check Facebook information about shares as below: Facebook balance sheet According to the definition, the common stock equation is represented as : Number of Outstanding Shares = Number of ...
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19 views

How is the percentage change 63% when Non-GAAP EPS in Q1 is 0.77 and the same in Q2 is 1.08 and the same in Q2 2019 is 0.66?

I was just reading the earnings call transcript of ebay. 2020 Q1 earnings call says Non-GAAP eps is 0.77. 2020 Q2 earnings call says Non-GAAP eps is 1.08. and it says that it is up by 63 %. I was ...
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22 views

Recently I was studying financial statements of Refex industries 2011-2012

Recently I was studying financial statements of Refex industries 2011-2012, in cash flow statements in investing section purchase of fixed assets is written as postive cash flow how can this become ...
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17 views

how to adjust accruals if over estimated on company tax return?

On my financial statement for end of year company tax return (prepared by an accountant) there is an estimated accrual figure for accountancy fees for preparing end of year tax. I want to file my own ...
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1answer
106 views

Is it possible to have positive retained earnings despite having lost money since inception?

I'm looking at the balance sheet for a private company that has lost money every quarter since being founded several years ago. It shows +$228k in retained earnings. Management claims that their ...
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1answer
125 views

Calculating Dividends paid out and Div ratio from finance sheets

So I was trying to calculate the dividends a company paid out from the balance / income sheet and the retained earnings (the delta between this and last period). I thought the dividends paid could be ...
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2answers
76 views

How is minority interest accounted for when calculating net income

Reading around, I found that minority interest is defined as interest in a company controlled by a company other than the parent company. Does that mean that anytime a company A becomes a shareholder ...
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30 views

Is there public information indicating that a company is multinational?

I’m in transfer pricing and I’m wondering if there are any filings that indicate that a company is multinational? If so, is there any information on the number of subsidiaries the multinational ...
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1answer
93 views

What is the meaning of writing off loss as goodwill by an impairment charges?

AMC has released on June 3rd a preliminary report of their Q1 for 2020. In that report they outline: Net Loss for the first quarter of 2020 to be between $2,117.3 million and $2,417.3 million, based ...
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46 views

Does HSBC publish a balance sheet for each of its branch in US, UK and HK?

So HSBC is listed on the New York Stock Exchange, London Stock Exchange and the Stock Exchange of Hong Kong Limited. I can only find one report/balance sheet for every fiscal period (quarterly and ...
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49 views

What is period end basic number of $0.50 ordinary shares outstanding?

I was checking HSBC 2020 Q1 earnings release's balance sheet, and under share count, the first line says "period end basic number of $0.50 ordinary shares outstanding." I believe that the first line ...
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1answer
47 views

Debt-equity Ratio & Current Ratio Relationship

I’m not understanding the current ratio and debt to equity ratio. I thought the current ratio is assets/liabilities And debt to equity is well, debt/equity. What doesn’t make sense is how can a ...
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2answers
107 views

How to find total equity from balance sheet of a company?

I was looking for balance sheet of a company to know about it's total assets, liabilities and equity price. I tried apply basic formula to get equity, which is 'Assets = Liabilities + Equity'. But, ...
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1answer
71 views

How will craftily increasing Goodwill (by decreasing Assets) make your Income Statement look better?

I try read Balance Sheets for investing, and I thought of this trick. What company directors can do is: they can say, you know, we need to write these assets down. We need to mark them down actually. ...
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1answer
382 views

How do you find the earnings deficit? Is it on the balance sheet?

When evaluating a security using Graham's Defensive Investing Criteria he says that a company shouldn't have any earnings deficit for the last 10 years (reference, revenue deficit definition). That is ...
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1answer
604 views

Why does Apple issue new common stock every year (even though it has enough cash)?

Apple has so much cash. It really doesn’t have to raise additional capital yet every single year it issues new common stock. Why is that?
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398 views

Is my HOA's balance sheet healthy?

I'm purchasing a condo and trying to evaluate if the association is financially healthy. Are there any red flags in this balance sheet or income statement? There are 200 units and utilities are ...
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1answer
65 views

How to know when did company made its quarterly balance sheet public?

I want to analyze historical P/E ratio of companies. I can get balance sheets from sites like moneycontrol, but from which date should I use the data from a particular balance sheet? Like if Sept'19 ...
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2answers
90 views

Video/Article of someone going through a company's balance sheet? [closed]

I'm basically looking for a (rough) financial analysis of a company. I'd prefer a bank, but if it's an insurance company or a corporate it's fine, too. I know I can read up on the different ...
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1answer
186 views

Depreciation question from Benjamin Graham book

I am reading The Interpretation of Financial Statements by Benjamin Graham. Ch. VI, Depreciation and Depletion contains the following wording: When property is retired its gross value is deducted ...
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1answer
119 views

Should Balance Sheet short term notes payable include interest

Super simple example: You take a loan out in January of $50,000. $10,000 principal + $1,000 interest of the loan will be due back over the course of the 12 months ending the year If you were making ...
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1answer
49 views

Where on the balance sheet do I find these items? [closed]

I am preparing for an interview for a banking role (on the tech side, but with exposure to business aspects), and have found out some questions I might be asked, wrt to where on the balance sheet the ...
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1answer
344 views

Accounting Question - Combining Vertical Analysis with Horizontal Analysis of financial statements?

Firstly I understand the concept of vertical analysis (representing line items as percentage of either total asset or revenue), and horizontal analysis (calculating the year-on-year changes or %...
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2answers
193 views

Pass through entity’s year start balance

I am the owner of a single-member LLC and am taxed as a pass through entity. At the beginning of the year is a pass through entity’s cash balance always considered $0 with respect to a balance sheet? ...
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165 views

Is a stock considered a "liquid asset"?

Is stock on the NYSE or NASDAQ normally considered a "liquid asset" on a balance sheet?
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1answer
160 views

What motivates Revlon's negative sharedholder's equity?

I am looking at Revlon's 10K and see stockholder's equity is negative.What motivates Revlon's negative stockholder equity? Why does it make sense for them to operate like this?
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3answers
792 views

Why do the balance sheets of some large firms not balance?

I'm working my way through some accounting textbook and struggling to understand why some balance sheets on Yahoo Finance don't balance, as in: total assets - total liabilities != total shareholders ...
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1answer
61 views

What does it mean on a 10-K balance sheet when a field is blank for a single year?

I am looking at a corporate balance sheet in a 10-K for Chipotle and the line for Long term investments is $125b for 2016, but blank for 2017. What does it mean when a company doesn't list this info ...
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1answer
72 views

Is there any resource that provides a list of the most used/common components of the different statements (e.g. balance sheet) of an annual report? [closed]

I am looking for a resource that provides a list of a "perfect": statement of financial position (balance sheet) statement of earnings statement of cash flow containing components (e.g. for the ...
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1answer
156 views

Terminology question about chart of accounts, general ledger [closed]

I'm trying to learn the correct terminology for the place where I see ALL the "accounts" AND their balances in an accounting app. I use QuickBooks and if I want to see all of this, I click "Chart of ...
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1answer
388 views

GnuCash Loan and Credit Card showing as debits

Setup GnuCash 2.6.12 Ubuntu 16 $10,000 loan from external party (Brandon) In the official GnuCash documentation, it states that: GnuCash treats account types Credit Card and Liability the same. ...
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7k views

What does "gold reserves" on a gold mining company's balance sheet mean?

From a Reuters article: On Wednesday, [Newmont Mining Corp] reported gold reserves of 68.5 million ounces for 2017, unchanged from 2016, as it replaced reserves through exploration, projects, ...
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1answer
255 views

Bank - bad loan provision & bad debt written off [closed]

I am doing financial health analysis for banks. The health checks involved are: Bad Loan provisions > actual Bad Debts written off ? I check across financial statements, there are 3 related fields: ...
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0answers
53 views

Meaning of negative stockholder equity [duplicate]

In McDonald's 2016 annual report Balance Sheet, it shows Total Liabilities is greater than Total Assets. So it's Total Stockholder's Equity appears to be negative, with these fields reported as ...
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2answers
380 views

Debt to asset ratio calculation

When try to calculate debt-to-asset ratio, I came across different formulas. There are: Total debt divided by total asset, where Total debt = short-term debt + long-term debt from Balance Sheet. ...
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1answer
15k views

What does negative Total Equity mean in McDonald's balance sheet?

What does negative Total Equity mean in McDonald's balance sheet? Please refer to https://finance.google.com/finance?q=NYSE%3AMCD&fstype=ii&ei=3ZDCWaDdFcyauATPnb6wBg For "Total Equity" row, ...
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1answer
193 views

Where should Accumulated deprecation appear on my personal balance sheet?

Looking at my balance sheet that my accountant prepared, and he has listed the depreciation of my property as follows Non Current Liabilities Provisions Accum Dep'n Property ...
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1answer
933 views

How do you set up current year bookkeeping based on previous year balance sheet and profit and loss items?

I'm setting up this year's accounting ledger for a sole proprietorship. It used to be done by CPAs in the past but I decided it's time to bite the bullet and start doing it myself. All is going well,...
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1answer
336 views

UK companies house - what can I glean from an abbreviated balance sheet?

I am trying to research someone who wants to do business with me. UK companie's house does not seem to have a profit & loss on file, just an abbreviated balance sheet? I removed the company umber,...
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1answer
3k views

Credit card expenses showing as Liabilities in QuickBooks

I have a business and I have a company credit card. I have linked this card with my QuickBooks online account. When I pull a "balance sheet comparison" report for the year, it is showing an amount in ...