Schmitt Industries Inc
Schmitt Industries, Inc., together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. It operates through two segments, Measurement and Ice Cream. The Measurement segment designs, manufactures, and sells test and measurement products through its Acuity and Xact product lines. The Ice Cream segment invests in creamery manufacturing and consumer retaili… Read more
Schmitt Industries Inc (SMIT) - Total Liabilities
Latest total liabilities as of August 2022: $22.23 Million USD
Based on the latest financial reports, Schmitt Industries Inc (SMIT) has total liabilities worth $22.23 Million USD as of August 2022.
Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities.
Schmitt Industries Inc - Total Liabilities Trend (1994–2022)
This chart illustrates how Schmitt Industries Inc's total liabilities have evolved over time, based on quarterly financial data. Explore and compare other companies by total liabilities.
Schmitt Industries Inc Competitors by Total Liabilities
The table below lists competitors of Schmitt Industries Inc ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
YOC - Dusseldorf Stock Exchang
DU:YOC
|
Germany | €10.91 Million |
|
Regenbogen AG
F:RGB
|
Germany | €24.18 Million |
|
Phoenix Plus Corp.
PINK:PXPC
|
USA | $393.26K |
|
Southstone Minerals Limited
PINK:FDGMF
|
USA | $1.88 Million |
|
JUMBO INTERACT
BE:JUB
|
Germany | €54.68 Million |
|
Aucyber Ltd
AU:CYB
|
Australia | AU$8.91 Million |
|
YOC (YOC.SG)
STU:YOC
|
Germany | €10.91 Million |
Liability Composition Analysis (1994–2022)
This chart breaks down Schmitt Industries Inc's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 0.69 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 36.74 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.97 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Schmitt Industries Inc's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Schmitt Industries Inc (1994–2022)
The table below shows the annual total liabilities of Schmitt Industries Inc from 1994 to 2022.
| Year | Total Liabilities | Change |
|---|---|---|
| 2022-05-31 | $22.23 Million | +27.75% |
| 2021-05-31 | $17.40 Million | +1230.58% |
| 2020-05-31 | $1.31 Million | -4.97% |
| 2019-05-31 | $1.38 Million | -22.26% |
| 2018-05-31 | $1.77 Million | -12.74% |
| 2017-05-31 | $2.03 Million | +24.42% |
| 2016-05-31 | $1.63 Million | +0.95% |
| 2015-05-31 | $1.62 Million | +33.38% |
| 2014-05-31 | $1.21 Million | -24.75% |
| 2013-05-31 | $1.61 Million | +4.36% |
| 2012-05-31 | $1.54 Million | +7.70% |
| 2011-05-31 | $1.43 Million | +16.29% |
| 2010-05-31 | $1.23 Million | +35.97% |
| 2009-05-31 | $905.58K | -54.06% |
| 2008-05-31 | $1.97 Million | +78.15% |
| 2007-05-31 | $1.11 Million | -0.52% |
| 2006-05-31 | $1.11 Million | +1.43% |
| 2005-05-31 | $1.10 Million | +11.12% |
| 2004-05-31 | $986.67K | +62.64% |
| 2003-05-31 | $606.67K | -33.39% |
| 2002-05-31 | $910.77K | -33.06% |
| 2001-05-31 | $1.36 Million | +64.99% |
| 2000-05-31 | $824.65K | +17.81% |
| 1999-05-31 | $700.00K | -22.22% |
| 1998-05-31 | $900.00K | -18.18% |
| 1997-05-31 | $1.10 Million | 0.00% |
| 1996-05-31 | $1.10 Million | 0.00% |
| 1995-05-31 | $1.10 Million | +10.00% |
| 1994-05-31 | $1.00 Million | -- |