Smith-Midland Corporation (SMID) quarterly balance sheet — complete assets, liabilities & equity history
Smith-Midland Corporation (SMID) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 46.08M | 51.62M | 48.75M | 49.81M | 47.45M | 41.57M | 35.85M | 34.99M | 33.71M | 35.69M | 33.33M | 29.89M | 28.48M | 30.58M | 28.94M | 29.04M | 29.89M | 31.51M | 27.75M | 33.11M |
| Cash & Short-Term Investments | 10.66M | 13.22M | 11.88M | 13.38M | 7.1M | 9.01M | 7.55M | 9.01M | 7.29M | 6.8M | 9.18M | 5.85M | 4.73M | 3.94M | 6.73M | 10.81M | 12.43M | 14.82M | 13.49M | 16.24M |
| Cash Only | 10.66M | 13.22M | 11.88M | 13.38M | 7.1M | 9.01M | 7.55M | 9.01M | 7.29M | 6.8M | 9.18M | 5.85M | 4.73M | 3.94M | 6.73M | 10.81M | 12.43M | 14.82M | 13.49M | 14.99M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.24M |
| Accounts Receivable | 24.57M | 29.91M | 28.42M | 26.86M | 31.55M | 23.83M | 20.77M | 18.76M | 18.11M | 20.69M | 17.73M | 18.56M | 17.21M | 20.88M | 17.69M | 13.63M | 13.46M | 12.92M | 10.86M | 13.05M |
| Days Sales Outstanding | 106.1 | 121.69 | 110.03 | 125.25 | 96.23 | 88.42 | 98.12 | 71.91 | 89.89 | 104.34 | 101.87 | 105.13 | 117.9 | 135.14 | 99.45 | 104.23 | 90.58 | 102.57 | 109.84 | 89.6 |
| Inventory | 8.53M | 7.22M | 6.93M | 7.89M | 7.18M | 7.49M | 6.68M | 6.24M | 6.67M | 6.95M | 5.15M | 4.21M | 4.75M | 4.99M | 3.82M | 3.98M | 3.53M | 3.33M | 2.85M | 3.2M |
| Days Inventory Outstanding | 39.94 | 36.86 | 38.74 | 44.19 | 36.28 | 40.53 | 42.01 | 34.92 | 42.71 | 42.86 | 32.45 | 34.14 | 34.33 | 37.13 | 29.96 | 35.01 | 31.12 | 31.6 | 35.47 | 27.6 |
| Other Current Assets | 1.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 577K | 0 | 0 | 0 | 472K | 0 | 0 | 0 |
| Total Non-Current Assets | 40.61M | 40.58M | 38.98M | 35.63M | 33.73M | 33.09M | 32.14M | 31.63M | 30.34M | 29.16M | 28.02M | 27.76M | 27.24M | 25.92M | 26.84M | 25.23M | 25.12M | 25.06M | 25.52M | 22.14M |
| Property, Plant & Equipment | 40.01M | 39.98M | 38.48M | 35.13M | 33.19M | 32.66M | 31.7M | 31.19M | 29.88M | 28.83M | 27.68M | 27.41M | 26.89M | 25.68M | 25.12M | 24.16M | 22.91M | 21.63M | 21.93M | 18.25M |
| Fixed Asset Turnover | 0.58x | 0.55x | 0.63x | 0.63x | 0.80x | 0.71x | 0.59x | 0.77x | 0.67x | 0.59x | 0.59x | 0.58x | 0.56x | 0.51x | 0.59x | 0.51x | 0.60x | 0.48x | 0.50x | 0.71x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 601K | 605K | 504K | 505K | 535K | 432K | 438K | 444K | 451K | 337K | 343K | 349K | 356K | 243K | 249K | 1.07M | 2.22M | 3.43M | 3.6M | 3.89M |
| Total Assets | 86.69M | 92.19M | 87.73M | 85.44M | 81.18M | 74.66M | 67.99M | 66.63M | 64.05M | 64.85M | 61.35M | 57.65M | 55.72M | 56.5M | 55.78M | 54.28M | 55.01M | 56.57M | 53.27M | 55.25M |
| Asset Turnover | 0.26x | 0.24x | 0.27x | 0.26x | 0.34x | 0.32x | 0.28x | 0.36x | 0.30x | 0.27x | 0.28x | 0.28x | 0.26x | 0.23x | 0.26x | 0.22x | 0.24x | 0.19x | 0.18x | 0.24x |
| Asset Growth % | 6.8% | 23.49% | 29.03% | 28.23% | 26.75% | 15.12% | 10.83% | 15.56% | 14.95% | 14.79% | 9.97% | 6.22% | 1.28% | -0.13% | 4.71% | -1.75% | 3.96% | 10.47% | 14.57% | 20.28% |
| Total Current Liabilities | 11.35M | 16.58M | 14.33M | 18.03M | 16.48M | 17.25M | 15.01M | 12.61M | 14.88M | 17.39M | 16.02M | 12.93M | 13.01M | 13.19M | 11.22M | 10.86M | 11.48M | 14.57M | 13.9M | 13.03M |
| Accounts Payable | 5.65M | 8.27M | 5.48M | 5.74M | 5.81M | 5.81M | 4.74M | 5.43M | 5.4M | 6.94M | 7.34M | 5.48M | 5.68M | 6.44M | 5.82M | 4.58M | 3.73M | 3.52M | 2.07M | 3.17M |
| Days Payables Outstanding | 35.28 | 35.82 | 29.34 | 33.86 | 28.74 | 30.2 | 33.07 | 29.29 | 38.72 | 50.58 | 44.43 | 42.52 | 42.72 | 51.66 | 39.91 | 38.71 | 32.94 | 28.66 | 30.75 | 28.4 |
| Short-Term Debt | 661K | 655K | 648K | 657K | 665K | 661K | 658K | 664K | 668K | 640K | 636K | 627K | 629K | 700K | 695K | 708K | 705K | 607K | 462K | 486K |
| Deferred Revenue (Current) | 1.5M | 3M | 3.51M | 6.38M | 6.08M | 6.63M | 5.85M | 2.79M | 3.09M | 6.17M | 2.72M | 4.59M | 4.98M | 2M | 2.24M | 2.01M | 1.67M | 3.69M | 3.78M | 4.68M |
| Other Current Liabilities | 757K | 205K | 2.16M | 2.11M | 1.79M | 1.18M | 1.77M | 2.33M | 3.66M | 871K | 3.61M | 774K | 4.98M | 3.24M | 1.54M | 2.86M | 4.49M | 4.37M | 4.81M | 2.34M |
| Current Ratio | 4.06x | 3.11x | 3.40x | 2.76x | 2.88x | 2.41x | 2.39x | 2.78x | 2.27x | 2.05x | 2.08x | 2.31x | 2.19x | 2.32x | 2.58x | 2.67x | 2.60x | 2.16x | 2.00x | 2.54x |
| Quick Ratio | 3.31x | 2.68x | 2.92x | 2.33x | 2.44x | 1.98x | 1.94x | 2.28x | 1.82x | 1.65x | 1.76x | 1.99x | 1.82x | 1.94x | 2.24x | 2.31x | 2.30x | 1.93x | 1.79x | 2.30x |
| Cash Conversion Cycle | 110.76 | 122.72 | 119.43 | 135.58 | 103.77 | 98.76 | 107.07 | 77.54 | 93.88 | 96.63 | 89.9 | 96.75 | 109.5 | 120.61 | 89.5 | 100.53 | 88.76 | 105.51 | 114.56 | 88.81 |
| Total Non-Current Liabilities | 18.3M | 19.96M | 19.09M | 15.28M | 15.45M | 12.33M | 11.24M | 13.68M | 11.98M | 12.15M | 11.17M | 10.91M | 10.25M | 10.15M | 11.51M | 10.49M | 10.73M | 10.24M | 7.62M | 10.76M |
| Long-Term Debt | 3.48M | 3.63M | 3.8M | 3.93M | 4.1M | 4.27M | 4.44M | 4.63M | 4.77M | 4.93M | 5.09M | 5.26M | 5.41M | 5.56M | 5.73M | 5.95M | 6.11M | 6.26M | 3.68M | 3.88M |
| Capital Lease Obligations | 59K | 65K | 70K | 80K | 80K | 85K | 90K | 0 | 0 | 0 | 2K | 13K | 24K | 34K | 45K | 55K | 75K | 98K | 122K | 144K |
| Deferred Tax Liabilities | 1.47M | 1.46M | 1.46M | 484K | 484K | 484K | 494K | 1.65M | 1.65M | 1.65M | 1.65M | 2.09M | 2.18M | 2.09M | 3.56M | 1.95M | 1.96M | 1.96M | 1.96M | 2.46M |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.81M | 0 | 0 | 0 | 0 | 0 | 0 | 3M |
| Total Liabilities | 29.65M | 36.54M | 33.42M | 33.31M | 31.93M | 29.59M | 26.25M | 26.29M | 26.86M | 29.54M | 27.19M | 23.84M | 23.26M | 23.34M | 22.73M | 21.35M | 22.22M | 24.81M | 21.52M | 23.79M |
| Total Debt | 4.22M | 4.37M | 4.54M | 4.69M | 4.86M | 5.03M | 5.21M | 5.29M | 5.44M | 5.61M | 5.77M | 5.94M | 6.12M | 6.29M | 6.47M | 6.71M | 6.88M | 7.06M | 4.35M | 4.6M |
| Net Debt | -6.45M | -8.85M | -7.35M | -8.69M | -2.24M | -3.97M | -2.34M | -3.72M | -1.85M | -1.2M | -3.4M | 93K | 1.39M | 2.36M | -256K | -4.1M | -5.54M | -7.76M | -9.14M | -10.4M |
| Debt / Equity | 0.07x | 0.08x | 0.08x | 0.09x | 0.10x | 0.11x | 0.12x | 0.13x | 0.15x | 0.16x | 0.17x | 0.18x | 0.19x | 0.19x | 0.20x | 0.20x | 0.21x | 0.22x | 0.14x | 0.15x |
| Debt / EBITDA | 1.40x | 1.63x | 1.08x | 1.05x | 0.79x | 1.00x | 2.05x | 1.16x | 1.63x | 2.61x | 5.13x | 2.80x | - | 9.71x | 9.51x | 9.18x | 3.84x | 13.32x | 8.44x | 2.39x |
| Net Debt / EBITDA | -2.13x | -3.30x | -1.75x | -1.94x | -0.36x | -0.79x | -0.92x | -0.82x | -0.56x | -0.56x | -3.02x | 0.04x | - | 3.64x | -0.38x | -5.60x | -3.09x | -14.64x | -17.71x | -5.40x |
| Interest Coverage | 30.08x | 38.47x | 49.44x | 88.98x | 89.42x | 80.05x | 34.16x | 69.64x | 45.31x | 26.07x | 10.49x | 24.64x | -12.94x | 2.61x | -0.47x | 0.90x | 18.14x | -2.31x | -2.62x | 89.00x |
| Total Equity | 57.04M | 55.66M | 54.3M | 52.13M | 49.24M | 45.07M | 41.74M | 40.34M | 37.18M | 35.31M | 34.16M | 33.82M | 32.46M | 33.16M | 33.05M | 32.92M | 32.79M | 31.76M | 31.75M | 31.45M |
| Equity Growth % | 15.83% | 23.49% | 30.1% | 29.23% | 32.44% | 27.63% | 22.18% | 19.28% | 14.54% | 6.5% | 3.35% | 2.72% | -1.01% | 4.41% | 4.11% | 4.67% | 18.5% | 19.58% | 34.26% | 38.12% |
| Book Value per Share | 10.75 | 10.49 | 10.24 | 9.83 | 9.28 | 8.50 | 7.87 | 7.61 | 6.99 | 6.60 | 6.46 | 6.38 | 6.18 | 6.27 | 6.29 | 6.23 | 6.23 | 6.07 | 6.02 | 6.03 |
| Total Shareholders' Equity | 57.04M | 55.66M | 54.3M | 52.13M | 49.24M | 45.07M | 41.74M | 40.34M | 37.18M | 35.31M | 34.16M | 33.82M | 32.46M | 33.16M | 33.05M | 32.92M | 32.79M | 31.76M | 31.75M | 31.45M |
| Common Stock | 54K | 54K | 54K | 54K | 54K | 54K | 54K | 54K | 54K | 54K | 54K | 54K | 53K | 53K | 53K | 53K | 53K | 53K | 53K | 53K |
| Retained Earnings | 49.3M | 47.91M | 46.58M | 44.45M | 41.57M | 37.4M | 34.07M | 32.67M | 29.52M | 27.54M | 26.39M | 26.16M | 24.9M | 25.68M | 25.66M | 25.66M | 25.66M | 24.75M | 24.86M | 24.84M |
| Treasury Stock | 102K | -102K | -102K | -102K | -102K | -102K | -102K | -102K | -102K | -102K | -102K | -102K | -102K | -102K | -102K | -102K | -102K | -102K | -102K | -102K |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |