Surmodics, Inc. (SRDX) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Total Current Assets | 75.99M | 71.75M | 71.85M | 81.3M | 80.36M | 84.26M | 79.81M | 86.69M | 85.85M | 61.24M | 64.46M | 57.59M | 60.03M | 64.68M | 64.92M | 70.25M | 94.11M | 93.04M | 80.86M | 86.61M |
| Cash & Short-Term Investments | 32.73M | 31.15M | 30.14M | 40.11M | 38.17M | 40.94M | 35.17M | 45.35M | 44.58M | 19.18M | 26.43M | 19M | 22.09M | 26.72M | 32.34M | 38.87M | 67.92M | 65.95M | 53.87M | 61.1M |
| Cash Only | 26.28M | 29.18M | 30.14M | 36.12M | 24.3M | 33.03M | 23.36M | 41.42M | 44.58M | 19.18M | 26.43M | 19M | 20.07M | 24.71M | 26.65M | 31.15M | 62.18M | 48.16M | 35.75M | 30.79M |
| Short-Term Investments | 6.45M | 1.97M | 0 | 4M | 13.87M | 7.91M | 11.82M | 3.93M | 0 | 0 | 0 | 0 | 2.01M | 2.01M | 5.69M | 7.72M | 5.74M | 17.79M | 18.12M | 30.31M |
| Accounts Receivable | 25.02M | 21.39M | 22.54M | 23.16M | 24.06M | 24.36M | 26.56M | 23.9M | 23.7M | 19.99M | 21.5M | 24.2M | 23.82M | 25.28M | 21.31M | 22.91M | 16.78M | 17.38M | 17.18M | 16.17M |
| Days Sales Outstanding | 71.42 | 70.39 | 70.26 | 65.37 | 72.61 | 72.5 | 75.98 | 78.28 | 37.87 | 68.64 | 84.31 | 84.99 | 89.87 | 80.31 | 88.44 | 76.17 | 65.1 | 44.43 | 68.8 | 69.27 |
| Inventory | 15.76M | 16.06M | 15.26M | 15.17M | 15.4M | 15.4M | 14.44M | 14.84M | 14.61M | 13.77M | 12.72M | 11.82M | 10.93M | 9.47M | 8.29M | 6.76M | 6.32M | 6.31M | 6.26M | 5.97M |
| Days Inventory Outstanding | 168.8 | 180.01 | 188.52 | 162.13 | 150.45 | 170.22 | 77.1 | 80.95 | 71.13 | 63.88 | 62.69 | 58.59 | 51.23 | 42.47 | 42.84 | 40.4 | 33.11 | 33.19 | 38.46 | 32.63 |
| Other Current Assets | 2.49M | 0 | 0 | 108K | 0 | 0 | 0 | 0 | 0 | 4.28M | 4.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.34M |
| Total Non-Current Assets | 93.83M | 91.47M | 91.89M | 97.26M | 97.06M | 98.54M | 100.43M | 99.04M | 103.05M | 104.92M | 105.29M | 100.77M | 115.62M | 119.51M | 119.95M | 124.34M | 83.09M | 84.05M | 82.69M | 82.16M |
| Property, Plant & Equipment | 22.84M | 25.89M | 23.8M | 27.98M | 28.55M | 29.15M | 29.21M | 26.03M | 29.73M | 27.61M | 27.72M | 27.15M | 32.09M | 32.92M | 31.84M | 30.09M | 31.63M | 32.15M | 32.82M | 30.1M |
| Fixed Asset Turnover | 1.21x | 1.13x | 1.16x | 1.18x | 1.05x | 1.10x | 1.11x | 1.00x | 1.83x | 0.98x | 0.91x | 0.88x | 0.76x | 0.81x | 0.74x | 0.78x | 0.75x | 1.08x | 0.71x | 0.73x |
| Goodwill | 46.32M | 43.66M | 42.41M | 44.64M | 43.35M | 43.58M | 44.28M | 42.95M | 43.84M | 43.82M | 43.31M | 40.71M | 42.59M | 44.25M | 44.9M | 45.61M | 27.38M | 27.19M | 27.86M | 27.18M |
| Intangible Assets | 21.62M | 21.09M | 21.27M | 23.57M | 23.7M | 24.78M | 26.21M | 26.21M | 27.8M | 28.73M | 29.26M | 28.14M | 30.75M | 33.51M | 35.24M | 37.05M | 11.48M | 12.03M | 12.95M | 13.28M |
| Long-Term Investments | 236K | 0 | 803K | 0 | 0 | 0 | 0 | 0 | -2.06M | 0 | 0 | 0 | 0 | 0 | 0 | 2M | 4.05M | 4.07M | 0 | 0 |
| Other Non-Current Assets | 2.81M | 830K | 3.6M | 1.06M | -323K | -828K | -1.27M | 3.86M | 1.68M | 2.73M | 2.9M | 4.77M | 1.71M | 1.64M | 1.6M | 3.72M | 2.18M | 2.11M | 2.06M | 4.27M |
| Total Assets | 169.82M | 163.21M | 163.74M | 178.56M | 177.41M | 182.81M | 180.24M | 185.73M | 188.9M | 166.16M | 169.75M | 158.36M | 175.65M | 184.19M | 184.87M | 194.59M | 177.2M | 177.09M | 163.56M | 168.76M |
| Asset Turnover | 0.18x | 0.17x | 0.17x | 0.19x | 0.17x | 0.18x | 0.17x | 0.15x | 0.30x | 0.16x | 0.15x | 0.16x | 0.14x | 0.14x | 0.12x | 0.13x | 0.13x | 0.21x | 0.13x | 0.13x |
| Asset Growth % | -4.28% | -10.72% | -9.15% | -3.86% | -6.08% | 10.02% | 6.18% | 17.29% | 7.54% | -9.79% | -8.17% | -18.62% | -0.87% | 4% | 13.03% | 15.3% | 6.43% | 13.85% | 5.48% | 5.57% |
| Total Current Liabilities | 19.44M | 13.95M | 13.19M | 20.54M | 20.2M | 19.2M | 16.48M | 23.95M | 32.05M | 19.13M | 17.26M | 32.08M | 29.39M | 28.37M | 25.64M | 29.82M | 17.66M | 15.7M | 12.45M | 18.89M |
| Accounts Payable | 5.93M | 3.39M | 2.56M | 2.79M | 3.19M | 3.19M | 2.58M | 2.99M | 2.48M | 3.79M | 2.04M | 3.14M | 1.93M | 2.11M | 1.84M | 1.78M | 1.52M | 1.59M | 863K | 1.51M |
| Days Payables Outstanding | 49.42 | 34.18 | 33.13 | 31.67 | 31.11 | 32.89 | 14.68 | 15.05 | 15.72 | 14.04 | 13.21 | 13.05 | 10.15 | 9.47 | 10.33 | 10.2 | 8.16 | 6.48 | 7.48 | 7.97 |
| Short-Term Debt | 1.02M | 1.04M | 1.05M | 1.04M | 1.02M | 1M | 997K | 872K | 0 | 0 | 0 | 10M | 10M | 10M | 10M | 10M | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 846K | 338K | 266K | 1.62M | 3.68M | 4.75M | 4.01M | 4.38M | 4.33M | 3.35M | 3.77M | 4.16M | 4.01M | 4.02M | 4.43M | 4.65M | 5.15M | 5.51M | 4.55M | 5.2M |
| Other Current Liabilities | 4.21M | 5.22M | 3.83M | 15.6M | 3.39M | 3.02M | 5.71M | 4.7M | 4.41M | 5.38M | 6.02M | 4.89M | 4.96M | 5.79M | 5.4M | 4.39M | 3.79M | 3.7M | 3.63M | 5.11M |
| Current Ratio | 3.91x | 5.14x | 5.45x | 3.96x | 3.98x | 4.39x | 4.84x | 3.62x | 2.68x | 3.20x | 3.73x | 1.80x | 2.04x | 2.28x | 2.53x | 2.36x | 5.33x | 5.93x | 6.50x | 4.58x |
| Quick Ratio | 3.10x | 3.99x | 4.29x | 3.22x | 3.22x | 3.59x | 3.97x | 3.00x | 2.22x | 2.48x | 3.00x | 1.43x | 1.67x | 1.95x | 2.21x | 2.13x | 4.97x | 5.52x | 5.99x | 4.27x |
| Cash Conversion Cycle | 190.8 | 216.21 | 225.65 | 195.84 | 191.94 | 209.83 | 138.4 | 144.18 | 93.28 | 118.48 | 133.79 | 130.54 | 130.95 | 113.31 | 120.95 | 106.37 | 90.04 | 71.13 | 99.78 | 93.93 |
| Total Non-Current Liabilities | 39.07M | 39.02M | 38.79M | 39.12M | 39.07M | 39.66M | 41.61M | 41.87M | 44.44M | 44.48M | 45.23M | 17.89M | 21.15M | 22.55M | 22.55M | 24.69M | 18.7M | 19.32M | 17.7M | 18.82M |
| Long-Term Debt | 29.67M | 29.63M | 29.59M | 29.55M | 29.52M | 29.48M | 29.44M | 29.41M | 29.35M | 29.3M | 29.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 1.89M | 2.14M | 2.39M | 2.65M | 2.92M | 3.18M | 3.44M | 2.97M | 3.06M | 3.32M | 3.58M | 3.84M | 4.1M | 4.3M | 3.26M | 3.19M | 0 | 0 | 0 | 3.34M |
| Deferred Tax Liabilities | 5.1M | 1.61M | 1.59M | 1.78M | 1.77M | 1.86M | 5.29M | 2M | 5.09M | 4.02M | 3.84M | 2.03M | 2.23M | 2.37M | 2.55M | 2.74M | -3.32M | -3.29M | -3.41M | 2.87M |
| Other Non-Current Liabilities | 728K | 5.64M | 5.21M | 1.96M | 1.92M | 1.83M | 1.79M | 5.09M | 3.45M | 4.43M | 4.19M | 6.93M | 7.42M | 7.46M | 7.45M | 8.46M | 7.67M | 7.55M | 7.63M | 1.81M |
| Total Liabilities | 58.51M | 52.97M | 51.97M | 59.66M | 59.27M | 58.85M | 58.09M | 65.82M | 76.49M | 63.61M | 62.49M | 49.97M | 50.54M | 50.92M | 48.2M | 54.51M | 36.37M | 35.01M | 30.15M | 37.71M |
| Total Debt | 32.58M | 32.81M | 33.03M | 33.24M | 33.45M | 33.66M | 33.88M | 33.25M | 33.46M | 29.3M | 30.52M | 14.81M | 15M | 15.06M | 13.93M | 13.71M | 510K | 464K | 456K | 436K |
| Net Debt | -26.28M | 3.63M | 2.88M | -6.56M | 9.15M | 631K | 10.52M | -12.01M | -11.12M | 10.12M | 4.09M | -4.19M | -5.07M | -9.65M | -12.72M | -17.45M | -61.67M | -47.7M | -35.3M | -30.35M |
| Debt / Equity | 0.29x | 0.30x | 0.30x | 0.28x | 0.28x | 0.27x | 0.28x | 0.28x | 0.30x | 0.29x | 0.28x | 0.14x | 0.12x | 0.11x | 0.10x | 0.10x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt / EBITDA | - | - | - | 21.78x | - | 12.22x | 15.44x | - | 1.41x | - | - | - | - | - | - | 7.15x | - | 0.04x | 0.23x | - |
| Net Debt / EBITDA | - | - | - | -4.30x | - | 0.23x | 4.80x | - | -0.47x | - | - | - | - | - | - | -9.10x | - | -4.19x | -18.07x | - |
| Interest Coverage | -5.85x | -6.48x | -2.34x | -1.29x | -5.61x | 0.75x | 0.19x | -2.12x | 24.36x | -7.33x | -8.69x | -35.13x | -48.52x | -37.78x | -24.87x | -3.26x | -41.56x | 160.73x | 1.55x | -60.12x |
| Total Equity | 111.31M | 110.25M | 111.77M | 118.9M | 118.14M | 123.95M | 122.15M | 119.91M | 112.41M | 102.55M | 107.26M | 108.39M | 125.11M | 133.26M | 136.67M | 140.09M | 140.83M | 142.08M | 133.41M | 131.06M |
| Equity Growth % | -5.79% | -11.06% | -8.5% | -0.84% | 5.1% | 20.86% | 13.88% | 10.63% | -10.15% | -23.04% | -21.52% | -22.62% | -11.16% | -6.21% | 2.45% | 6.89% | 7.85% | 13.7% | 8.17% | 6.97% |
| Book Value per Share | 7.79 | 7.72 | 7.85 | 8.38 | 8.34 | 8.74 | 8.66 | 8.47 | 7.99 | 7.31 | 7.67 | 7.77 | 8.98 | 9.58 | 9.85 | 10.11 | 10.18 | 10.16 | 9.76 | 9.61 |
| Total Shareholders' Equity | 111.31M | 110.25M | 111.77M | 118.9M | 118.14M | 123.95M | 122.15M | 119.91M | 112.41M | 102.55M | 107.26M | 108.39M | 125.11M | 133.26M | 136.67M | 140.09M | 140.83M | 142.08M | 133.41M | 131.06M |
| Common Stock | 715K | 715K | 715K | 716K | 713K | 713K | 712K | 708K | 707K | 707K | 706K | 701K | 700K | 700K | 699K | 695K | 694K | 693K | 687K | 684K |
| Retained Earnings | 61.53M | 66.85M | 72.06M | 75.71M | 79.16M | 86.72M | 86.47M | 87.25M | 80.56M | 73.22M | 80.95M | 88.79M | 103.52M | 109.17M | 113.25M | 116.06M | 116.35M | 119.64M | 111.55M | 111.83M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.2M | -3.87M | -6.14M | -2.13M | -4.11M | -3.75M | -2.65M | -4.76M | -3.2M | -3.81M | -4.62M | -9.87M | -5.72M | -1.43M | 75K | 1.73M | 3.76M | 3.23M | 5.01M | 3.17M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |