ComSovereign Holding Corp (COMS) Balance Sheet
COMS balance sheet, 2023
December 31, 2023 · U.S. dollars$24.9M assets = $39.9M liabilities + −$15.0M equity
Liabilities exceed assets: shareholders’ equity is negative (−$15.0M).
Both columns are drawn to the same scale: what COMS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
COMS financial health
Descriptive bands, not a rating. Fiscal 2023.
COMS balance sheet trends, 2014–2023
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.7M2014 | $24.9M2023 | +34.6%/yr | |
| Total liabilities | $176,5642014 | $39.9M2023 | +82.6%/yr | |
| Shareholders’ equity | $1.5M2014 | −$15.0M2023 | — | |
| Cash & short-term investments | $1.4M2014 | $1.9M2023 | +3.5%/yr | |
| Total debt | $110,0002014 | $24.7M2023 | +82.5%/yr | |
| Net cash (debt) | $1.3M2014 | −$22.8M2023 | −$24.1M | |
| Working capital | $1.3M2014 | −$15.9M2023 | −$17.2M | |
| Book value per share | $59.862021 | −$13.442023 | — | |
| Current ratio | 8.442014 | 0.432023 | −8.01 | |
| Debt / equity | 0.072014 | 0.602022 | +0.53 | |
| Shares outstanding | 804K2021 | 1.1M2023 | +17.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
COMS assets
COMS liabilities and equity
COMS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
COMS balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.9M | $1.9M | $1.9M | $730,502 | $812,452 | $2.3M | $615,375 | $2.0M | $2.7M | $1.4M |
| Cash & equivalents | $1.9M | $1.9M | $1.9M | $730,502 | $812,452 | $2.3M | $615,375 | $2.0M | $2.7M | $1.4M |
| Short-term investments | — | — | — | — | — | — | — | — | — | $42,821 |
| Receivables | $1.8M | $1.4M | $1.6M | $787,333 | $2.2M | $18,000 | $110,065 | $394,000 | $83,288 | $30,170 |
| Inventory | $4.0M | $10.5M | $17.6M | $4.5M | $4.7M | $307,925 | $991,697 | $459,885 | $118,795 | $39,404 |
| Other current assets | $4.4M | $7.8M | $438,000 | $1.6M | $1.0M | $89,613 | $103,008 | $120,614 | $55,624 | $50,169 |
| Total current assets | $12.0M | $21.6M | $21.6M | $7.7M | $8.7M | $2.7M | $1.8M | $3.0M | $2.9M | $1.5M |
| Property, plant & equipment (net) | $474,000 | $13.4M | $13.4M | $5.1M | $3.7M | $53,230 | $155,937 | $118,843 | $136,296 | $27,024 |
| Goodwill & intangible assets | $8.7M | $53.5M | $53.5M | $118.1M | $107.7M | $805,466 | $1.1M | $1.4M | $1.6M | $203,408 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.7M | $99,000 | $99,000 | $30,413 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $24.9M | $88.5M | $88.5M | $130.9M | $120.0M | $3.6M | $3.1M | $4.5M | $4.6M | $1.7M |
| Liabilities | ||||||||||
| Accounts payable | $3.7M | $3.6M | $3.7M | $5.6M | $2.2M | $485,024 | $377,340 | $293,922 | $248,257 | $64,383 |
| Short-term debt | $13.0M | $14.5M | — | $20.1M | $5.4M | $2.0M | $2.0M | $907,844 | $110,000 | $110,000 |
| Deferred revenue | $3.2M | $3.3M | — | $721,220 | — | — | — | — | $7,896 | — |
| Total current liabilities | $27.9M | $25.1M | $25.1M | $34.3M | $15.1M | $2.5M | $2.4M | $3.1M | $366,153 | $176,564 |
| Long-term debt | $0 | $1.9M | $12.3M | $706,293 | $0 | $0 | $3.0M | $0 | $0 | $0 |
| Lease obligations | — | $11.1M | $4.1M | $2.9M | $2.2M | — | — | — | — | — |
| Other long-term liabilities | $12.0M | $13.4M | $3.0M | $2.4M | $1.9M | $2.5M | $0 | $0 | $0 | $0 |
| Total liabilities | $39.9M | $40.4M | $40.4M | $37.3M | $17.0M | $2.5M | $5.4M | $3.1M | $366,153 | $176,564 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | $17,000 | $17,000 | $14,833 | $12,833 | $2,364 | $918 | $868 | $513 | $3,708 |
| Retained earnings (deficit) | −$297.6M | −$217.8M | −$217.8M | −$64.6M | −$27.5M | −$38.5M | −$30.0M | −$19.7M | −$11.1M | −$2.2M |
| Accumulated other comprehensive income | $23,000 | $23,000 | — | −$23,383 | −$7.8M | −$123,725 | −$97,507 | −$60,784 | −$26,995 | −$7,040 |
| Total shareholders' equity | −$15.0M | $48.2M | $48.2M | $93.5M | $102.9M | $1.1M | −$2.3M | $1.4M | $4.2M | $1.5M |
| Key figures | ||||||||||
| Total debt | $24.7M | $29.0M | $12.3M | $23.0M | $11.1M | $2.0M | $5.0M | $907,844 | $110,000 | $110,000 |
| Net cash (debt) | −$22.8M | −$27.1M | −$10.4M | −$22.3M | −$10.3M | $282,365 | −$4.4M | $1.1M | $2.5M | $1.3M |
| Working capital | −$15.9M | −$3.5M | −$3.5M | −$26.6M | −$6.5M | $212,879 | −$557,195 | −$90,915 | $2.6M | $1.3M |
| Tangible book value | −$23.7M | −$5.3M | −$5.3M | −$24.5M | −$4.7M | $266,109 | −$3.4M | $27,928 | $2.7M | $1.3M |
| Book value per share | −$13.44 | $68.34 | $59.86 | — | — | — | — | — | — | — |
| Shares outstanding | 1.1M | 705K | 804K | — | — | — | — | — | — | — |
| Current ratio | 0.43 | 0.86 | 0.86 | 0.22 | 0.57 | 1.09 | 0.77 | 0.97 | 7.97 | 8.44 |
| Quick ratio | 0.13 | 0.13 | 0.14 | 0.04 | 0.20 | 0.93 | 0.31 | 0.78 | 7.49 | 7.93 |
| Debt / equity | — | 0.60 | 0.25 | 0.25 | 0.11 | 1.87 | — | 0.64 | 0.03 | 0.07 |
| Equity / assets | −60.2% | 54.4% | 54.4% | 71.5% | 85.8% | 30.1% | −75.0% | 31.5% | 92.1% | 89.7% |
| Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | Jun '21 | Mar '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2.0M | $1.9M | $2.4M | $3.1M | $126,000 | $466,000 | $1.9M | $466,000 | $1.9M | $2.4M | $4.9M | $11.0M |
| Cash & equivalents | $2.0M | $1.9M | $2.4M | $3.1M | $126,000 | $466,000 | $1.9M | $466,000 | $1.9M | $2.4M | $4.9M | $11.0M |
| Receivables | $1.3M | $1.8M | $333,000 | $482,000 | $2.1M | $2.6M | $1.6M | $2.6M | $1.6M | $1.9M | $1.7M | $1.1M |
| Inventory | $3.8M | $4.0M | $3.8M | $4.3M | $7.5M | $12.1M | $10.5M | $12.1M | $17.6M | $10.8M | $7.1M | $6.1M |
| Other current assets | $3.6M | $4.4M | $4.9M | $4.3M | $5.3M | $6.4M | $7.5M | $6.4M | $438,000 | $7.6M | $7.8M | $5.1M |
| Total current assets | $10.7M | $12.0M | $11.4M | $12.2M | $15.0M | $21.5M | $21.6M | $21.5M | $21.6M | $22.8M | $21.6M | $23.4M |
| Property, plant & equipment (net) | $526,000 | $474,000 | $394,000 | $428,000 | $2.7M | $16.1M | $13.4M | $0 | $0 | $13.9M | $13.3M | $12.1M |
| Goodwill & intangible assets | $7.7M | $8.7M | $7.8M | $7.8M | $36.0M | $51.7M | $53.5M | $51.7M | $53.5M | $151.6M | $153.5M | $142.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.3M | $3.7M | $1.3M | $1.9M | $2.0M | $1.1M | $99,000 | $17.2M | $13.5M | $95,000 | $83,000 | $30,413 |
| Total assets | $20.3M | $24.9M | $20.9M | $22.4M | $55.7M | $90.5M | $88.5M | $90.5M | $88.5M | $188.4M | $188.4M | $178.2M |
| Liabilities | ||||||||||||
| Accounts payable | $3.6M | $3.7M | $4.1M | $4.2M | $3.7M | $2.8M | $3.7M | $2.8M | $3.7M | $4.1M | $2.6M | $4.0M |
| Short-term debt | $14.4M | $13.0M | — | — | $12.2M | $3.0M | $14.7M | — | — | $12.5M | $11.2M | $7.2M |
| Deferred revenue | $1.4M | $3.2M | — | — | $4.6M | $4.5M | $3.8M | — | — | $2.9M | $2.9M | $2.4M |
| Total current liabilities | $28.1M | $27.9M | $26.7M | $28.4M | $24.2M | $13.0M | $25.1M | $13.0M | $25.1M | $23.6M | $20.7M | $17.9M |
| Long-term debt | $0 | $260,000 | $550,000 | $550,000 | $1.9M | $5.4M | $5.9M | $16.8M | $12.3M | $18.1M | $14.9M | $11.7M |
| Lease obligations | — | $11.3M | $11.1M | $11.1M | $11.1M | $11.6M | $11.6M | $13.8M | $4.1M | $4.2M | $3.6M | $3.2M |
| Other long-term liabilities | $9.7M | $11.7M | $9.6M | $9.8M | $15.0M | $23.5M | $9.4M | $12.1M | $3.0M | $3.7M | $3.0M | $2.7M |
| Total liabilities | $37.7M | $39.9M | $36.8M | $38.8M | $41.1M | $41.9M | $40.4M | $41.9M | $40.4M | $45.4M | $38.7M | $32.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | — | — | $9,000 | $8,000 | $17,000 | $8,000 | $17,000 | $17,000 | $17,000 | $16,522 |
| Retained earnings (deficit) | −$303.3M | −$297.6M | −$301.8M | −$302.5M | −$255.5M | −$219.0M | −$217.8M | −$217.7M | −$217.8M | −$102.1M | −$91.4M | −$80.8M |
| Accumulated other comprehensive income | $23,000 | $23,000 | — | — | $23,000 | $23,000 | $23,000 | — | — | $0 | $0 | −$10.2M |
| Total shareholders' equity | −$17.5M | −$15.0M | −$15.9M | −$16.4M | $14.6M | $48.6M | $48.2M | $48.6M | $48.2M | $143.0M | $149.7M | $146.0M |
| Key figures | ||||||||||||
| Total debt | $24.0M | $24.7M | $550,000 | $550,000 | $29.0M | $31.8M | $29.9M | $16.8M | $12.3M | $34.8M | $29.8M | $22.1M |
| Net cash (debt) | −$22.0M | −$22.8M | $1.8M | $2.5M | −$28.9M | −$31.3M | −$28.0M | −$16.3M | −$10.4M | −$32.4M | −$24.9M | −$11.2M |
| Working capital | −$17.3M | −$15.9M | −$15.2M | −$16.2M | −$9.2M | $8.5M | −$3.5M | $8.5M | −$3.5M | −$807,000 | $852,000 | $5.5M |
| Tangible book value | −$25.2M | −$23.7M | −$23.7M | −$24.2M | −$21.4M | −$3.2M | −$5.3M | −$3.2M | −$5.3M | −$8.6M | −$3.8M | $3.3M |
| Book value per share | −$6.48 | −$5.79 | −$5.90 | −$6.10 | $7.84 | $26.45 | $34.39 | $27.94 | $24.26 | $198.63 | $217.68 | $221.37 |
| Shares outstanding | 2.7M | 2.6M | 2.7M | 2.7M | 1.9M | 1.8M | 1.4M | 1.7M | 2.0M | 720K | 688K | 659K |
| Current ratio | 0.38 | 0.43 | 0.43 | 0.43 | 0.62 | 1.65 | 0.86 | 1.65 | 0.86 | 0.97 | 1.04 | 1.31 |
| Quick ratio | 0.12 | 0.13 | 0.10 | 0.12 | 0.09 | 0.23 | 0.14 | 0.23 | 0.14 | 0.19 | 0.32 | 0.68 |
| Debt / equity | — | — | — | — | 1.99 | 0.65 | 0.62 | 0.35 | 0.25 | 0.24 | 0.20 | 0.15 |
| Equity / assets | −86.1% | −60.2% | −76.1% | −73.5% | 26.2% | 53.7% | 54.4% | 53.7% | 54.4% | 75.9% | 79.5% | 81.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 7, 2023); data from EODHD.
COMS financial position
At the end of fiscal 2023 (December 31, 2023), ComSovereign had total assets of $24.9 million (down 71.9% from a year earlier), total liabilities of $39.9 million and shareholders' equity of -$15.0 million. It held $1.9 million in cash and short-term investments against $24.7 million of debt, net debt of $22.8 million. Its current ratio was 0.43.
Related: COMS income statement, COMS cash flow statement, COMS key metrics. See the COMS stock overview for the latest quote and news.
COMS balance sheet FAQ
What are ComSovereign's total assets?
ComSovereign reported total assets of $24.9 million at the end of fiscal 2023 (December 31, 2023), compared with $88.5 million a year earlier.
How much debt does ComSovereign have?
ComSovereign had $24.7 million of total debt at the end of fiscal 2023, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does ComSovereign have?
ComSovereign held $1.9 million in cash and short-term investments at the end of fiscal 2023; with $24.7 million of debt that is net debt of $22.8 million.
What is ComSovereign's book value?
ComSovereign's shareholders' equity (book value) was -$15.0 million at the end of fiscal 2023, or −$13.44 per share.
What is ComSovereign's current ratio?
ComSovereign had current assets of $12.0 million and current liabilities of $27.9 million, a current ratio of 0.43 (current liabilities exceed current assets).
How much goodwill does ComSovereign have?
ComSovereign carried $8.7 million of goodwill and intangible assets, 35.1% of total assets, at the end of fiscal 2023.