Singing Historical Balance Sheet

MICS Stock

USD 1.40 0.05 3.70%

Trend analysis of The Singing Machine balance sheet accounts such as Total Current Liabilities of 17 M provides information on Singing Machine's total assets, liabilities, and equity, which is the actual value of Singing Machine to its prevalent stockholders. By breaking down trends over time using Singing Machine balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

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Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Singing Machine latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Singing Machine is a good buy for the upcoming year.

Singing Machine Inventory

6.26 Million

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The Singing Machine. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

About Singing Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Singing Machine at a specified time, usually calculated after every quarter, six months, or one year. Singing Machine Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Singing Machine and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Singing currently owns. An asset can also be divided into two categories, current and non-current.

Singing Machine Balance Sheet Chart

Singing Machine Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Singing Machine uses and utilizes its capital. It also shows what exactly a company owns and owes.

At this time, Singing Machine's Cash And Short Term Investments are comparatively stable compared to the past year. Net Receivables is likely to gain to about 8 M in 2024, despite the fact that Net Debt is likely to grow to (2.6 M).

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities

Total Assets

Total assets refers to the total amount of Singing Machine assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Singing Machine books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Singing Machine balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of The Singing Machine are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most accounts from Singing Machine's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Singing Machine current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The Singing Machine. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	4.4M	799.5K	4.0M	4.2M
Total Assets	22.7M	16.6M	27.7M	29.1M

Short Long Term Debt Total Total Assets

Singing Machine balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		0.64	0.58	0.89	0.56	0.91	-0.37	-0.65	0.89	0.82	0.75	0.37	0.82	0.84	-0.75	0.86	0.5	0.55	0.78	0.59	0.89	0.99	0.14	-0.39	-0.54	-0.37
Short Long Term Debt Total	0.64		0.63	0.63	0.22	0.72	0.05	-0.45	0.62	0.6	0.58	0.57	0.6	0.6	-0.54	0.53	0.53	0.22	0.43	0.3	0.65	0.62	0.35	-0.23	-0.37	-0.19
Other Current Liab	0.58	0.63		0.75	-0.11	0.73	-0.37	-0.72	0.69	0.61	0.4	0.66	0.61	0.61	-0.68	0.7	0.41	0.05	0.63	0.31	0.75	0.58	-0.26	-0.07	-0.51	0.12
Total Current Liabilities	0.89	0.63	0.75		0.16	0.9	-0.44	-0.7	0.97	0.78	0.74	0.52	0.78	0.73	-0.81	0.82	0.49	0.38	0.85	0.4	0.98	0.87	-0.02	-0.17	-0.59	-0.06
Total Stockholder Equity	0.56	0.22	-0.11	0.16		0.31	0.03	-0.08	0.2	0.27	0.18	-0.25	0.27	0.42	-0.02	0.31	-0.04	0.71	0.06	0.65	0.13	0.6	0.54	-0.47	-0.2	-0.71
Property Plant And Equipment Net	0.91	0.72	0.73	0.9	0.31		-0.36	-0.65	0.88	0.81	0.85	0.53	0.81	0.89	-0.84	0.86	0.59	0.24	0.83	0.42	0.92	0.88	-0.02	-0.2	-0.52	-0.24
Net Debt	-0.37	0.05	-0.37	-0.44	0.03	-0.36		0.72	-0.36	-0.71	-0.16	0.08	-0.71	-0.15	0.61	-0.73	-0.38	0.04	-0.68	-0.39	-0.44	-0.39	0.55	0.17	0.36	-0.27
Retained Earnings	-0.65	-0.45	-0.72	-0.7	-0.08	-0.65	0.72		-0.62	-0.78	-0.35	-0.45	-0.78	-0.49	0.69	-0.87	-0.59	-0.2	-0.77	-0.67	-0.74	-0.68	0.41	0.55	0.29	-0.3
Accounts Payable	0.89	0.62	0.69	0.97	0.2	0.88	-0.36	-0.62		0.74	0.78	0.53	0.74	0.76	-0.79	0.78	0.54	0.39	0.81	0.35	0.97	0.87	0.01	-0.13	-0.58	-0.2
Cash	0.82	0.6	0.61	0.78	0.27	0.81	-0.71	-0.78	0.74		0.65	0.24	1.0	0.59	-0.86	0.94	0.66	0.18	0.87	0.5	0.81	0.8	-0.12	-0.25	-0.58	-0.07
Non Current Assets Total	0.75	0.58	0.4	0.74	0.18	0.85	-0.16	-0.35	0.78	0.65		0.41	0.65	0.74	-0.7	0.61	0.59	0.07	0.73	0.14	0.81	0.67	0.01	0.02	-0.41	-0.28
Non Currrent Assets Other	0.37	0.57	0.66	0.52	-0.25	0.53	0.08	-0.45	0.53	0.24	0.41		0.24	0.59	-0.45	0.35	0.56	-0.1	0.47	0.08	0.6	0.34	-0.25	-0.26	0.11	0.23
Cash And Short Term Investments	0.82	0.6	0.61	0.78	0.27	0.81	-0.71	-0.78	0.74	1.0	0.65	0.24		0.59	-0.86	0.94	0.66	0.18	0.87	0.5	0.81	0.8	-0.12	-0.25	-0.58	-0.07
Net Receivables	0.84	0.6	0.61	0.73	0.42	0.89	-0.15	-0.49	0.76	0.59	0.74	0.59	0.59		-0.68	0.72	0.51	0.21	0.67	0.39	0.77	0.81	-0.03	-0.34	-0.22	-0.39
Good Will	-0.75	-0.54	-0.68	-0.81	-0.02	-0.84	0.61	0.69	-0.79	-0.86	-0.7	-0.45	-0.86	-0.68		-0.88	-0.65	0.0	-0.9	-0.15	-0.85	-0.72	0.28	0.12	0.47	0.06
Common Stock Shares Outstanding	0.86	0.53	0.7	0.82	0.31	0.86	-0.73	-0.87	0.78	0.94	0.61	0.35	0.94	0.72	-0.88		0.62	0.24	0.89	0.59	0.85	0.86	-0.24	-0.38	-0.51	-0.09
Non Current Liabilities Total	0.5	0.53	0.41	0.49	-0.04	0.59	-0.38	-0.59	0.54	0.66	0.59	0.56	0.66	0.51	-0.65	0.62		-0.16	0.64	0.23	0.61	0.46	-0.24	-0.32	-0.04	0.07
Inventory	0.55	0.22	0.05	0.38	0.71	0.24	0.04	-0.2	0.39	0.18	0.07	-0.1	0.18	0.21	0.0	0.24	-0.16		0.07	0.58	0.3	0.61	0.58	-0.4	-0.38	-0.41
Other Current Assets	0.78	0.43	0.63	0.85	0.06	0.83	-0.68	-0.77	0.81	0.87	0.73	0.47	0.87	0.67	-0.9	0.89	0.64	0.07		0.36	0.9	0.75	-0.36	-0.21	-0.43	0.11
Other Stockholder Equity	0.59	0.3	0.31	0.4	0.65	0.42	-0.39	-0.67	0.35	0.5	0.14	0.08	0.5	0.39	-0.15	0.59	0.23	0.58	0.36		0.4	0.64	0.05	-0.67	-0.21	-0.08
Total Liab	0.89	0.65	0.75	0.98	0.13	0.92	-0.44	-0.74	0.97	0.81	0.81	0.6	0.81	0.77	-0.85	0.85	0.61	0.3	0.9	0.4		0.86	-0.12	-0.21	-0.53	-0.04
Total Current Assets	0.99	0.62	0.58	0.87	0.6	0.88	-0.39	-0.68	0.87	0.8	0.67	0.34	0.8	0.81	-0.72	0.86	0.46	0.61	0.75	0.64	0.86		0.16	-0.44	-0.53	-0.36
Short Term Debt	0.14	0.35	-0.26	-0.02	0.54	-0.02	0.55	0.41	0.01	-0.12	0.01	-0.25	-0.12	-0.03	0.28	-0.24	-0.24	0.58	-0.36	0.05	-0.12	0.16		0.04	-0.24	-0.59
Intangible Assets	-0.39	-0.23	-0.07	-0.17	-0.47	-0.2	0.17	0.55	-0.13	-0.25	0.02	-0.26	-0.25	-0.34	0.12	-0.38	-0.32	-0.4	-0.21	-0.67	-0.21	-0.44	0.04		-0.38	-0.07
Common Stock	-0.54	-0.37	-0.51	-0.59	-0.2	-0.52	0.36	0.29	-0.58	-0.58	-0.41	0.11	-0.58	-0.22	0.47	-0.51	-0.04	-0.38	-0.43	-0.21	-0.53	-0.53	-0.24	-0.38		0.3
Current Deferred Revenue	-0.37	-0.19	0.12	-0.06	-0.71	-0.24	-0.27	-0.3	-0.2	-0.07	-0.28	0.23	-0.07	-0.39	0.06	-0.09	0.07	-0.41	0.11	-0.08	-0.04	-0.36	-0.59	-0.07	0.3

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Singing Machine Account Relationship Matchups

Singing Machine balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	16.6M	16.8M	22.7M	16.6M	27.7M	29.1M
Short Long Term Debt Total	1.8M	3.4M	4.4M	799.5K	4.0M	4.2M
Other Current Liab	3.3M	2.7M	2.8M	3.2M	6.1M	6.4M
Total Current Liabilities	9.5M	7.0M	12.0M	6.1M	16.2M	17.0M
Total Stockholder Equity	5.7M	7.9M	10.0M	10.3M	7.6M	5.0M
Property Plant And Equipment Net	1.3M	2.8M	1.9M	1.2M	4.3M	4.5M
Net Debt	1.5M	3.0M	2.1M	(2.1M)	(2.7M)	(2.6M)
Retained Earnings	(14.4M)	(12.3M)	(14.9M)	(19.5M)	(25.9M)	(24.6M)
Accounts Payable	5.0M	2.5M	5.3M	1.8M	7.6M	8.0M
Cash	345.2K	396.6K	2.3M	2.9M	6.7M	7.0M
Non Current Assets Total	2.8M	3.8M	2.9M	1.4M	4.5M	4.7M
Non Currrent Assets Other	150.5K	147.2K	86.4K	(58.8K)	179K	171.9K
Cash And Short Term Investments	345.2K	396.6K	2.3M	2.9M	6.7M	7.0M
Net Receivables	5.6M	6.9M	3.0M	2.3M	7.6M	8.0M
Common Stock Shares Outstanding	1.3M	1.3M	1.6M	2.8M	4.9M	5.1M
Liabilities And Stockholders Equity	16.6M	16.8M	22.7M	16.6M	27.7M	29.1M
Non Current Liabilities Total	1.4M	1.8M	607.0K	192.0K	3.9M	4.1M
Inventory	7.6M	5.5M	14.2M	9.6M	6.9M	6.3M
Other Current Assets	255.8K	236.4K	352.2K	266.1K	2.1M	2.2M
Other Stockholder Equity	19.7M	19.8M	24.9M	29.8M	33.4M	17.5M
Total Liab	10.9M	8.9M	12.6M	6.3M	20.1M	21.1M
Total Current Assets	13.8M	13.0M	19.8M	15.2M	23.2M	24.4M
Short Term Debt	399.4K	1.6M	3.8M	607.5K	84K	79.8K
Common Stock	385.6K	390.4K	12.2K	31.7K	64K	60.8K
Current Deferred Revenue	806.5K	284.5K	98.0K	583.3K	2.4M	1.3M
Net Tangible Assets	5.7M	7.9M	10.0M	10.3M	11.9M	9.2M
Other Assets	1.4M	(25.8K)	(34.9K)	33.2K	29.9K	28.4K
Property Plant Equipment	1.3M	2.7M	1.8M	1.2M	1.4M	1.5M
Capital Lease Obligations	661.2K	2.1M	1.4M	660.8K	4.0M	4.2M
Net Invested Capital	6.8M	9.2M	13.1M	10.5M	7.6M	10.4M
Short Long Term Debt	63.1K	808.6K	2.9M	80.8K	92.9K	88.3K
Capital Stock	385.6K	390.4K	12.2K	31.7K	64K	60.8K
Net Working Capital	4.3M	5.9M	7.8M	9.1M	7.0M	7.6M

Pair Trading with Singing Machine

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Singing Machine position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Singing Machine will appreciate offsetting losses from the drop in the long position's value.

Moving against Singing Stock

0.41

WLDSW

Wearable Devices

Pair Corr

The ability to find closely correlated positions to Singing Machine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Singing Machine when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Singing Machine - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Singing Machine to buy it.

The correlation of Singing Machine is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Singing Machine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Singing Machine moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Singing Machine can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Singing Machine is a strong investment it is important to analyze Singing Machine's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Singing Machine's future performance. For an informed investment choice regarding Singing Stock, refer to the following important reports:

How To Invest In Singing

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Is Singing Stock a good investment?

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What is Singing Machine's Net Worth?

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Note that the Singing Machine information on this page should be used as a complementary analysis to other Singing Machine's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

Complementary Tools for Singing Stock analysis

When running Singing Machine's price analysis, check to measure Singing Machine's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Singing Machine is operating at the current time. Most of Singing Machine's value examination focuses on studying past and present price action to predict the probability of Singing Machine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Singing Machine's price. Additionally, you may evaluate how the addition of Singing Machine to your portfolios can decrease your overall portfolio volatility.

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Is Singing Machine's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Singing Machine. If investors know Singing will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Singing Machine listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.75)

Earnings Share

(2.78)

Revenue Per Share

6.673

Quarterly Revenue Growth

(0.28)

Return On Assets

(0.13)

The market value of Singing Machine is measured differently than its book value, which is the value of Singing that is recorded on the company's balance sheet. Investors also form their own opinion of Singing Machine's value that differs from its market value or its book value, called intrinsic value, which is Singing Machine's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Singing Machine's market value can be influenced by many factors that don't directly affect Singing Machine's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Singing Machine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Singing Machine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Singing Machine's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Singing Historical Balance Sheet

Singing Machine Inventory

6.26 Million

About Singing Balance Sheet Analysis

Singing Machine Balance Sheet Chart

Total Assets

Total Current Liabilities

Singing Machine balance sheet Correlations

Singing Machine Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Singing Machine balance sheet Accounts

Pair Trading with Singing Machine

Moving against Singing Stock

Complementary Tools for Singing Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.98	Total Current Liabilities
Accounts Payable	+ 0.97	Total Current Liabilities
Total Liab	+ 0.97	Accounts Payable
Common Stock Shares Outstanding	+ 0.94	Cash

Other Current Assets	- 0.9	Good Will
Common Stock Shares Outstanding	- 0.88	Good Will
Common Stock Shares Outstanding	- 0.87	Retained Earnings
Good Will	- 0.86	Cash And Short Term Investments
Good Will	- 0.86	Cash
Total Liab	- 0.85	Good Will