Grom Social Enterprises Inc (GROM) Balance Sheet
GROM balance sheet, 2023
December 31, 2023 · U.S. dollars$18.1M assets = $5.8M liabilities + $12.3M equity
Both columns are drawn to the same scale: what GROM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GROM financial health
Descriptive bands, not a rating. Fiscal 2023.
GROM balance sheet trends, 2015–2023
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $163,8542015 | $18.1M2023 | +80.1%/yr | |
| Total liabilities | $91,2042015 | $5.8M2023 | +68.1%/yr | |
| Shareholders’ equity | $72,6502015 | $11.4M2023 | +88.2%/yr | |
| Cash & short-term investments | $107,6732015 | $2.5M2023 | +48.2%/yr | |
| Total debt | $34,7512015 | $1.6M2023 | +61.6%/yr | |
| Net cash (debt) | $72,9222015 | $890,8422023 | +$817,920 | |
| Working capital | $72,6502015 | −$517,3512023 | −$590,001 | |
| Current ratio | 1.802015 | 0.882023 | −0.91 | |
| Debt / equity | 0.482015 | 0.142023 | −0.34 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GROM assets
GROM liabilities and equity
GROM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GROM balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $2.5M | $3.9M | $6.5M | $120,300 | $506,219 | $633,593 | $436,869 | $2,407 | $107,673 |
| Cash & equivalents | $2.5M | $3.9M | $6.5M | $120,300 | $506,219 | $633,593 | $436,869 | $2,407 | $107,673 |
| Receivables | $826,073 | $1.2M | $968,579 | $587,932 | $545,662 | $1.1M | $445,388 | $550,145 | $50,325 |
| Inventory | $43,205 | $92,303 | $91,361 | $48,198 | $29,562 | $9,018 | $426,998 | $1,612 | $4,856 |
| Other current assets | $527,539 | $605,497 | $457,578 | $386,165 | $329,128 | $449,840 | $1.0M | $0 | $1,000 |
| Total current assets | $3.9M | $5.7M | $8.0M | $1.1M | $1.4M | $2.2M | $2.3M | $120,918 | $163,854 |
| Property, plant & equipment (net) | $911,414 | $1.4M | $1.2M | $1.6M | $1.7M | $1.0M | $849,893 | $559,538 | $28,708 |
| Goodwill & intangible assets | $13.2M | $17.5M | $27.4M | $13.9M | $14.8M | $15.2M | $15.6M | $14.7M | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $73,708 | $79,758 | $1.2M | $607,732 | $317,646 | $364,434 | $282,635 | $0 | $0 |
| Total assets | $18.1M | $24.6M | $37.9M | $17.3M | $18.3M | $18.8M | $19.0M | $124,237 | $163,854 |
| Liabilities | |||||||||
| Accounts payable | $865,266 | $839,679 | $467,711 | $1.1M | $808,520 | $682,285 | $882,504 | $771,870 | $32,773 |
| Short-term debt | $459,720 | $773,146 | $3.0M | $2.8M | $5.1M | $4.5M | $75,000 | — | — |
| Deferred revenue | $376,613 | $576,338 | $404,428 | $967,053 | $627,082 | $1.1M | $1.2M | $347,162 | −$34,751 |
| Total current liabilities | $4.4M | $3.0M | $4.8M | $7.0M | $8.7M | $9.0M | $5.9M | $496,329 | $91,204 |
| Long-term debt | $540,443 | $68,199 | $716,252 | $993,280 | $505,000 | $2.4M | $5.5M | $4.0M | $0 |
| Lease obligations | $820,018 | $1.1M | $617,868 | $633,098 | $896,350 | — | — | — | — |
| Other long-term liabilities | $855,206 | $1.2M | $6.3M | $696,316 | $860,327 | $653,801 | $591,499 | $2.2M | $0 |
| Total liabilities | $5.8M | $4.3M | $11.7M | $8.7M | $10.1M | $12.0M | $11.9M | $496,329 | $91,204 |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $1,970 | $2,515 | $12,698 | $188,355 | $167,383 | $138,554 | $124,274 | $10,265 | $10,000 |
| Retained earnings (deficit) | −$96.7M | −$83.5M | −$66.4M | −$55.8M | −$50.0M | −$45.5M | −$40.8M | −$2.9M | −$2.2M |
| Accumulated other comprehensive income | −$159,603 | −$166,129 | −$30,755 | −$39,334 | −$97,560 | −$153,254 | −$77,344 | −$54,656 | — |
| Minority interest | $896,509 | $2.2M | $2.7M | — | — | — | — | — | — |
| Total shareholders' equity | $11.4M | $18.1M | $23.4M | $8.6M | $8.2M | $6.8M | $7.1M | −$372,092 | $72,650 |
| Key figures | |||||||||
| Total debt | $1.6M | $1.6M | $4.0M | $4.2M | $6.9M | $6.9M | $5.5M | $6.1M | $34,751 |
| Net cash (debt) | $890,842 | $2.2M | $2.6M | −$4.0M | −$6.4M | −$6.3M | −$5.1M | −$6.1M | $72,922 |
| Working capital | −$517,351 | $2.7M | $3.3M | −$5.8M | −$7.3M | −$6.7M | −$3.5M | −$375,411 | $72,650 |
| Tangible book value | −$1.8M | $620,576 | −$4.0M | −$5.3M | −$6.6M | −$8.4M | −$8.5M | −$15.1M | $72,650 |
| Current ratio | 0.88 | 1.92 | 1.69 | 0.16 | 0.16 | 0.25 | 0.40 | 0.24 | 1.80 |
| Quick ratio | 0.75 | 1.68 | 1.58 | 0.10 | 0.12 | 0.20 | 0.15 | 1.11 | 1.73 |
| Debt / equity | 0.14 | 0.09 | 0.17 | 0.48 | 0.84 | 1.02 | 0.77 | — | 0.48 |
| Equity / assets | 63.0% | 73.4% | 61.9% | 49.8% | 44.8% | 36.1% | 37.3% | −299.5% | 44.3% |
| Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | Jun '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $452,454 | $2.5M | $2.5M | $2.2M | $4.1M | $3.9M | $1.3M | $4.2M | $6.3M | $6.5M | $9.1M | $8.2M |
| Cash & equivalents | $452,454 | $2.5M | $2.5M | $2.2M | $4.1M | $3.9M | $1.3M | $4.2M | $6.3M | $6.5M | $9.1M | $8.2M |
| Receivables | $820,755 | $495,991 | $832,333 | $658,648 | $826,394 | $1.2M | $1.0M | $672,971 | $766,747 | $968,579 | $472,059 | $705,321 |
| Inventory | $44,771 | $43,205 | $42,975 | $87,040 | $99,070 | $92,303 | $103,594 | $155,188 | $95,533 | $91,361 | $127,626 | $26,789 |
| Other current assets | $688,578 | $857,621 | $640,178 | $632,582 | $620,937 | $605,497 | $792,161 | $604,922 | $503,823 | $457,578 | $714,284 | $324,748 |
| Total current assets | $2.0M | $3.9M | $4.0M | $3.6M | $5.7M | $5.7M | $3.2M | $5.6M | $7.6M | $8.0M | $10.4M | $9.2M |
| Property, plant & equipment (net) | $828,229 | $911,414 | $954,893 | $1.1M | $1.2M | $1.4M | $696,748 | $893,711 | $1.1M | $0 | $1.0M | $1.2M |
| Goodwill & intangible assets | $10.8M | $13.2M | $17.4M | $17.3M | $17.5M | $17.5M | $28.7M | $28.3M | $28.2M | $27.4M | $19.2M | $13.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.2M | $73,708 | $72,390 | $72,921 | $74,278 | $79,758 | $477,156 | $505,871 | $540,324 | $2.4M | $575,883 | $596,528 |
| Total assets | $18.9M | $18.1M | $22.4M | $22.1M | $24.4M | $24.6M | $33.1M | $35.3M | $37.5M | $37.9M | $31.2M | $24.8M |
| Liabilities | ||||||||||||
| Accounts payable | $733,966 | $865,266 | $900,769 | $659,124 | $419,028 | $839,679 | $752,876 | $314,541 | $399,597 | $467,711 | $639,472 | $498,672 |
| Short-term debt | $550,491 | — | $604,479 | $966,522 | $791,357 | — | $791,541 | $1.7M | $1.2M | — | $2.2M | $1.9M |
| Deferred revenue | $437,335 | — | $409,472 | $374,295 | $445,477 | — | $615,316 | $580,841 | $396,155 | — | $557,528 | $637,178 |
| Total current liabilities | $3.3M | $4.4M | $2.9M | $2.8M | $2.6M | $3.0M | $2.8M | $4.1M | $2.7M | $4.8M | $3.8M | $5.0M |
| Long-term debt | $8,245 | $540,443 | $0 | $0 | $0 | $68,199 | $107,732 | $144,416 | $987,718 | $716,252 | $1.3M | $305,506 |
| Lease obligations | $746,383 | $820,018 | $858,018 | $946,133 | $1.0M | $1.1M | $362,420 | $476,027 | $596,400 | $617,868 | $404,853 | $480,934 |
| Other long-term liabilities | $958,241 | $855,206 | $879,014 | $946,653 | $1.0M | $1.2M | $6.2M | $6.2M | $6.2M | $6.3M | $560,225 | $650,855 |
| Total liabilities | $4.3M | $5.8M | $3.8M | $3.7M | $3.6M | $4.3M | $9.1M | $10.4M | $9.9M | $11.7M | $5.7M | $5.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $8,927 | — | $1,490 | $9,044 | $7,340 | $2,515 | $22,562 | $19,780 | $18,726 | $12,698 | $12,326 | $9,560 |
| Retained earnings (deficit) | −$100.9M | −$96.7M | −$90.2M | −$88.2M | −$85.8M | −$83.5M | −$75.5M | −$73.3M | −$70.0M | −$66.4M | −$62.9M | −$60.6M |
| Accumulated other comprehensive income | −$350,000 | — | −$197,660 | −$168,267 | −$136,493 | — | −$160,116 | −$87,776 | −$34,473 | — | −$85,061 | −$17,465 |
| Total shareholders' equity | $13.8M | $11.4M | $16.7M | $16.3M | $18.7M | $18.1M | $21.6M | $22.4M | $25.0M | $23.4M | $25.5M | $18.8M |
| Key figures | ||||||||||||
| Total debt | $1.1M | $540,443 | $1.0M | $1.4M | $1.6M | $68,199 | $1.2M | $2.1M | $2.7M | $716,252 | $3.7M | $2.4M |
| Net cash (debt) | −$659,290 | $2.0M | $1.4M | $764,829 | $2.6M | $3.8M | $90,566 | $2.1M | $3.6M | $5.8M | $5.4M | $5.8M |
| Working capital | −$1.3M | −$517,351 | $1.1M | $787,308 | $3.1M | $2.7M | $393,474 | $1.5M | $5.0M | $3.3M | $6.6M | $4.3M |
| Tangible book value | $2.9M | −$1.8M | −$645,095 | −$1.0M | $1.2M | $620,576 | −$7.1M | −$5.9M | −$3.2M | −$4.0M | $6.3M | $5.1M |
| Book value per share | $4.91 | $5.80 | — | — | — | $8.32 | — | — | — | $1.85 | — | — |
| Shares outstanding | 2.8M | 2.0M | — | — | — | 2.2M | — | — | — | 12.7M | — | — |
| Current ratio | 0.60 | 0.88 | 1.37 | 1.28 | 2.21 | 1.92 | 1.14 | 1.36 | 2.84 | 1.69 | 2.71 | 1.86 |
| Quick ratio | 0.38 | 0.68 | 1.13 | 1.02 | 1.93 | 1.68 | 0.82 | 1.18 | 2.62 | 1.58 | 2.49 | 1.79 |
| Debt / equity | 0.08 | 0.05 | 0.06 | 0.09 | 0.08 | 0.00 | 0.06 | 0.09 | 0.11 | 0.03 | 0.14 | 0.13 |
| Equity / assets | 73.0% | 63.0% | 74.7% | 73.9% | 76.5% | 73.4% | 65.2% | 63.3% | 66.6% | 61.9% | 81.8% | 76.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 16, 2024); data from EODHD.
GROM financial position
At the end of fiscal 2023 (December 31, 2023), Grom Social Enterprises had total assets of $18.1 million (down 26.4% from a year earlier), total liabilities of $5.8 million and shareholders' equity of $11.4 million. It held $2.5 million in cash and short-term investments against $1.6 million of debt, a net cash position of $0.9 million. Its current ratio was 0.88. In the latest quarter (ended March 31, 2024) total assets were $18.9 million and equity $13.8 million.
Related: GROM income statement, GROM cash flow statement, GROM key metrics. See the GROM stock overview for the latest quote and news.
GROM balance sheet FAQ
What are Grom Social Enterprises's total assets?
Grom Social Enterprises reported total assets of $18.1 million at the end of fiscal 2023 (December 31, 2023), compared with $24.6 million a year earlier.
How much debt does Grom Social Enterprises have?
Grom Social Enterprises had $1.6 million of total debt at the end of fiscal 2023, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.14.
How much cash does Grom Social Enterprises have?
Grom Social Enterprises held $2.5 million in cash and short-term investments at the end of fiscal 2023; with $1.6 million of debt that is net cash of $0.9 million.
What is Grom Social Enterprises's book value?
Grom Social Enterprises's shareholders' equity (book value) was $11.4 million at the end of fiscal 2023.
What is Grom Social Enterprises's current ratio?
Grom Social Enterprises had current assets of $3.9 million and current liabilities of $4.4 million, a current ratio of 0.88 (current liabilities exceed current assets).
How much goodwill does Grom Social Enterprises have?
Grom Social Enterprises carried $13.2 million of goodwill and intangible assets, 73.0% of total assets, at the end of fiscal 2023.