SMIT (Schmitt Industries) Total Liabilities: $22.23 Mil (As of May. 2022)


SMIT Schmitt Industries Inc SMIT
12 GF Score
Price $0.03
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What is Schmitt Industries Total Liabilities?

Schmitt Industries SMIT 12 Total Liabilities is $22.23 Mil as of May. 2022. GuruFocus rates SMIT with a GF Score™ of 12/100.

Schmitt Industries's Total Liabilities for the quarter that ended in May. 2022 was $22.23 Mil.

Schmitt Industries's quarterly Total Liabilities declined from Nov. 2021 ($18.31 Mil) to Feb. 2022 ($16.24 Mil) but then increased from Feb. 2022 ($16.24 Mil) to May. 2022 ($22.23 Mil).

Schmitt Industries's annual Total Liabilities increased from May. 2020 ($1.31 Mil) to May. 2021 ($17.40 Mil) and increased from May. 2021 ($17.40 Mil) to May. 2022 ($22.23 Mil).

Schmitt Industries Total Liabilities Historical Data

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The historical data trend for Schmitt Industries's Total Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Schmitt Industries Total Liabilities Chart

Schmitt Industries Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
Total Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.77 1.39 1.31 17.40 22.23

Schmitt Industries Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Total Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.40 17.21 18.31 16.24 22.23
SMIT
12GF Score
Schmitt Industries Inc SMIT
Total Liabilities is just one metric. See GF Score™, valuation, warning signs, and more.
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Schmitt Industries Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Schmitt Industries's Total Liabilities for the fiscal year that ended in May. 2022 is calculated as

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=5.828+(16.406+3.5527136788005E-15
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=22.23

Total Liabilities=Total Assets (A: May. 2022 )-Total Equity (A: May. 2022 )
=22.839-0.605
=22.23

Schmitt Industries's Total Liabilities for the quarter that ended in May. 2022 is calculated as

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=5.828+(16.406+3.5527136788005E-15
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=22.23

Total Liabilities=Total Assets (Q: May. 2022 )-Total Equity (Q: May. 2022 )
=22.839-0.605
=22.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Total Liabilities →
What does a Total Liabilities of $22.23 Mil mean?
Schmitt Industries (SMIT) has a Total Liabilities of $22.23 Mil as of May. 2022. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Schmitt Industries and its competitors.
Is Schmitt Industries' Total Liabilities too high?
Schmitt Industries' current Total Liabilities is $22.23 Mil. Overall, Schmitt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Schmitt Industries' Total Liabilities compare to WHD and VAL?
Schmitt Industries' Total Liabilities of $22.23 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Liabilities for a Hardware company?
A good Total Liabilities depends on the Hardware industry context. However, Total Liabilities should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Liabilities mean?
A high Total Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Schmitt Industries and its competitors. Schmitt Industries's current Total Liabilities is $22.23 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Schmitt Industries stock overvalued right now?
Schmitt Industries (SMIT) has a current Total Liabilities of $22.23 Mil. The current Total Liabilities is $22.23 Mil. Schmitt Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Liabilities calculated?
Total Liabilities is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current Total Liabilities is $22.23 Mil as of May. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Schmitt Industries Business Description

Address 2765 North West Nicolai Street, Portland, OR, USA, 97210
Schmitt Industries Inc is engaged in propane tank monitoring solutions, precision measurement solutions, and ice cream production and distribution. The Company operates as two reportable segments: the Measurement Segment and the Ice Cream Segment. The company manufactures and sells products in two core product lines, Acuity Lasers and Xact Tank Monitoring.
12GF Score

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