Smith-Midland Corporation (SMID)

Smith-Midland Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	9.01	9.18	6.73	13.49	8.76	1.36
Short-Term Investments	-	-	-	-	1.23	1.18
Cash & Short-Term Investments	9.01	9.18	6.73	13.49	9.99	2.54
Cash Growth	54.09%	36.41%	-50.15%	35.03%	293.39%	-16.80%
Accounts Receivable	18.74	17.73	17.21	10.45	10.54	13.03
Other Receivables	0.02	-	0.48	0.41	-	0.43
Receivables	18.76	17.73	17.69	10.86	10.54	13.47
Inventory	6.24	5.15	3.82	2.85	2.19	2.24
Prepaid Expenses	0.98	1.27	0.71	0.55	0.62	0.78
Total Current Assets	34.99	33.33	28.94	27.75	23.34	19.03
Property, Plant & Equipment	31.19	27.68	25.12	21.93	18.6	17.74
Other Long-Term Assets	0.44	0.34	0.25	3.6	4.56	5.35
Total Assets	66.63	61.35	54.31	53.28	46.5	42.12
Accounts Payable	5.43	7.34	5.82	2.07	1.87	3.18
Accrued Expenses	2.23	2.03	1.59	1.69	2.19	1.2
Current Portion of Long-Term Debt	0.65	0.64	0.62	0.46	0.74	0.93
Current Portion of Leases	0.01	0.04	0.08	0.09	0.09	0.08
Current Income Taxes Payable	-	0.47	0.15	2.03	0.47	-
Current Unearned Revenue	4.28	5.5	2.98	3.78	2.34	2.97
Other Current Liabilities	-	-	-	3.78	1.2	1.25
Total Current Liabilities	12.61	16.02	11.22	13.9	8.9	9.6
Long-Term Debt	4.63	5.09	5.73	3.68	6.89	4.09
Long-Term Leases	-	0	0.05	0.12	0.21	0.3
Long-Term Unearned Revenue	7.4	4.42	2.17	1.87	0.6	0.24
Long-Term Deferred Tax Liabilities	1.65	1.65	2.09	1.96	2.46	1.89
Other Long-Term Liabilities	-	-	-	-	3.79	5.18
Total Liabilities	26.29	27.19	21.26	21.53	22.85	21.29
Common Stock	0.05	0.05	0.05	0.05	0.05	0.05
Additional Paid-In Capital	7.71	7.81	7.44	6.94	6.41	6.24
Retained Earnings	32.67	26.4	25.66	24.86	17.29	14.63
Treasury Stock	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1
Shareholders' Equity	40.34	34.16	33.06	31.75	23.65	20.82
Total Liabilities & Equity	66.63	61.35	54.31	53.28	46.5	42.12
Total Debt	5.29	5.77	6.47	4.35	7.92	5.39
Net Cash (Debt)	3.72	3.4	0.26	9.14	2.07	-2.85
Net Cash Growth	-	1228.91%	-97.20%	341.92%	-	-
Net Cash Per Share	0.70	0.64	0.05	1.75	0.40	-0.55
Filing Date Shares Outstanding	5.3	5.27	5.26	5.23	5.2	5.16
Total Common Shares Outstanding	5.3	5.27	5.26	5.23	5.2	5.16
Working Capital	22.39	17.31	17.72	13.85	14.44	9.43
Book Value Per Share	7.61	6.49	6.29	6.07	4.55	4.03
Tangible Book Value	40.34	34.16	33.06	31.75	23.65	20.82
Tangible Book Value Per Share	7.61	6.49	6.29	6.07	4.55	4.03
Land	-	8.58	7.25	7.11	3.76	2.69
Buildings	-	10.5	9.54	9.47	8.93	8.96
Machinery	-	27.89	25.4	20.58	19.85	18.82
Order Backlog	-	60.8	52.4	29	19.6	30.9

Source: S&P Capital IQ. Standard template. Financial Sources.