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Questions tagged [balance-sheet]

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3
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1answer
103 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 ...
1
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1answer
70 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 ...
1
vote
1answer
29 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 ...
1
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1answer
151 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 %...
1
vote
2answers
49 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? ...
0
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2answers
148 views

Is a stock considered a “liquid asset”?

Is stock on the NYSE or NASDAQ normally considered a "liquid asset" on a balance sheet?
3
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1answer
128 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?
2
votes
3answers
248 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 ...
1
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1answer
33 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 ...
1
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1answer
68 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 ...
1
vote
1answer
107 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 ...
2
votes
1answer
164 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. ...
37
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2answers
6k 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, ...
0
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1answer
193 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: ...
1
vote
0answers
40 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 ...
2
votes
2answers
291 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. ...
6
votes
1answer
4k views

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

I was wondering, what does negative Total Equity means in McDonald's balance sheet? Please refer to https://finance.google.com/finance?q=NYSE%3AMCD&fstype=ii&ei=3ZDCWaDdFcyauATPnb6wBg For "...
1
vote
1answer
111 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 ...
0
votes
1answer
462 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,...
4
votes
1answer
142 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,...
0
votes
1answer
2k 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 ...
0
votes
3answers
5k views

How to find a public company's balance sheet and income statement?

In the U.S., if a company's stock is publicly traded, it is legally required to file public financial disclosures to Securities and Exchange Commission. How can I find the balance sheet and income ...
0
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1answer
44 views

Where to get balance sheet and income statement info for many companies? [closed]

Is there a way to get raw data of balance sheets and income statements for many companies at once? What I would like to do it scan many tickers at once to see which have low p/e and current/cash ...
-4
votes
1answer
680 views

How does a public company turn shares into cash?

Once a company starts trading publicly, how do they turn shares into cash that they can then use to grow their business? From what I've read so far, it seems that pre-IPO an investment bank ...
1
vote
1answer
519 views

How to read a balance sheet to determine if a company has enough money to keep paying their employees?

I heard today while listening to an accounting podcast that a balance sheet (or maybe it was a cash-flow document) can be used to determine if a company has enough money to pay its employees. Since ...
0
votes
1answer
157 views

What is the math behind Buffett's 2015 Per-Share Investments figure for Berkshire Hathaway?

Multiplying the $159,794 figure by 1.6m shares gets me $262,541,542,000.00. Here's what I did to try and reproduce that figure (amounts in millions): My attempt Which is about 10 billion dollars off....
1
vote
1answer
686 views

Change In Cash and Cash Equivalents (cash flow) vs Cash And Cash Equivalents (balance sheet)

Goal: Figure out why Change In Cash and Cash Equivalents on the cash flow statement does not equal change in Cash And Cash Equivalents on the balance sheet. Example: Stock: DEO Period Ending: 6/...
2
votes
1answer
624 views

How to Create Personal Balance Sheet and Budget Plan for Several Accounts

I think the idea suggested in book Secrets of the Millionaire Mind that using several bank accounts to handle money is a good idea. So I opened a few bank accounts and tried to create my personal ...
0
votes
1answer
88 views

How do you compare the sales of a company like Coca Cola against another company like JPMorgan Chase to figure out the best investment opportunity?

I am wondering how to compare companies from the sales perspective. If I take a look into the balance sheet of Coca Cola) and take a look at the sales, they are pretty clear to understand. If I take ...
0
votes
1answer
235 views

Balance sheet, what does the number behind intangible assets mean?

Simple question, if a companies balance sheet shows it has intangible assets of 30,000, does this mean that the company has earned $30,000 by selling lets say software licenses, or the value of that ...
0
votes
1answer
387 views

Restated financial statements versus the original

Is there any reason you would want to look into the original statements if you have the restated available?
-1
votes
1answer
324 views

Few questions related to Balance sheet and Income Statement? [closed]

1.) Lets say I have Assets = 100 Liabilities = 50 Share holders equity = 50. Assets = Liabilities + Shareholders equity satisfies. Now at the end of the year say I have net Income of 20. My ...
1
vote
3answers
7k views

How does writing off a bad debt affect the balance sheet?

I was reading an article about financial statements, and I came across the term "Bad Debt" which falls under the category of unusual expenses on an income statement. Some companies just write off a ...
-1
votes
1answer
108 views

Fundamentals Look Great, What Now? [closed]

So after days of fundamental analysis on hunderds of stocks, I've narrowed it down to three that seem really good. Their margins are good, ratios are good, EPS and P/E are good, etc. What is the next ...
0
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5answers
595 views

Most effective Fundamental Analysis indicators for market entry

I am new to Fundamental Analysis. I purchased a few books on the subject which has proven valuable but time consuming. I was wondering if anyone with more experience than myself can recommend the ...
2
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4answers
654 views

Why does ExxonMobil's balance sheet show more liabilities than assets?

In analyzing balance sheet of ExxonMobile, based off of Yahoo Finance report, we run into the following figures for the year: Current Assets: 51,647,000 Total Liabilities: 175,592,000 Now Current ...
2
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2answers
776 views

Balance Sheet Retained Earnings

Trying to get my head around a balance sheet and can't make sense of the fact that a company can make year on year profits and pay out dividends each year, yet the retained earning deficit increases ...
1
vote
1answer
552 views

What does “Additional paid-in capital” mean on a balance sheet?

I was looking at the balance sheet of a publicly traded startup and noticed that the amount of cash they have increased even though they are operating at a loss. There's an item in the liabilities ...
2
votes
1answer
1k views

What does “issued XXX and YYY shares” mean?

I'm looking at a random company, Hain Celestial Group (HAIN). Their 10-Q from 2014-11-07 says on the first page: "As of November 3, 2014 there were 50,460,313 shares outstanding of the registrant’s ...
4
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4answers
7k views

Why doesn't change in accounts receivable on balance sheet match cash flow statement?

If we take a look at the balance sheet for Microsoft, I see Net Receivables as 21,485,000 [2014] and 19,118,000 [2013] On the cash flow statement, I see Changes In Accounts Receivables as (1,120,000)...
0
votes
1answer
94 views

How will the net assets of a bankrupt company be divided among the common share holders

If the net worth (assets - liabilities) of a company is 100,000, and there are a 100 shares outstanding, then in the event of bankruptcy, if I hold 1 share of the company, am I guaranteed to get: 100,...
-2
votes
1answer
91 views

What is a term for the elements of a balance sheet?

What is a term for the elements of a balance sheet? Specifically I need a term that includes assets, liabilities, and owners equity. This term (t) needs to be one where I can say x "is a" t where x ...
1
vote
0answers
112 views

How to get variables for calculating “intrinsic value” of Berkshire Hathaway?

I would like to calculate Berkshire Hathaway's balance sheet value and "intrinsic value" as described in Warren Buffett's Berkshire Hathaway - Uncovering Intrinsic Value. However, I can't figure out ...
0
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1answer
241 views

Working Capital Definition [closed]

I invest in receivables (factoring) and I'm trying to determine what obligors are a good and not deteriorating credit risk. Part of this involves assessing obligors that are extending their days ...
2
votes
1answer
771 views

what is shareholders' Equity in balance sheets?

Just stated learning about financial statement it is the tough, lots of calculations and stuff. I came across some balance sheets, read some online resources but I still can't grasp the idea of why ...
3
votes
1answer
366 views

What is “liquidation preference”, and what are its terms?

I'm new to reading balance sheets. I'm doing research on a company and noticed on page 5 of their balance sheet a long list of shares issued and outstanding with "liquidation preference $0.0001 per ...
3
votes
1answer
158 views

Should rented software be included on my LLC's balance sheet?

I am an incorporated freelance user experience (UX) designer with an LLC, and my state requires a personal property return with a balance sheet every year. I'm using cash accounting for my business ...
1
vote
1answer
125 views

Balance Sheet: Is it appropriate to list your company's annual budget as a Current Liability?

Accounting basis: accrual. I've estimated an arbitrary budget for my Company's next 12 months. Some of the values on there are precise certainties (such as my salary). Some of them are best guesses ...
3
votes
2answers
4k views

Per Capita Income VS. Household Income

One assertion I've read quite frequently is that household income is declining in the United States and that wages are not keeping up with inflation. In essence, these articles indicate that we're ...
8
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2answers
42k views

Lending money to someone: how to book?

I'm trying my hand at double-entry bookkeeping for my personal finances. While I get the gist, I have trouble with the details. Please bear with me if I use the wrong terminology. I have lent some ...