Cemtrex Inc. (CETX) financial statements (2022 and earlier)

Company profile

Business Address 276 GREENPOINT AVE. BLD 8 SUITE 208
State of Incorp. DE
Fiscal Year End September 30
SIC 367 - Electronic Components And Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

Current Assets
Cash, cash equivalents, and short-term investments10,354 20,3782,183974
Cash and cash equivalents10,339 19,4901,770974
Short-term investments15 888413 
Restricted cash and investments1,633 1,5831,0881,342
Receivables7,040 8,1198,39914,111
Inventory, net of allowances, customer advances and progress billings7,086 6,7945,20711,354
Inventory7,086 6,7945,20711,354
Prepaid expense467   1,026
Other current assets2,260   1,115
Other undisclosed current assets  1,1882,0001,991
Total current assets:28,841 38,06218,87831,914
Noncurrent Assets
Operating lease, right-of-use asset2,726 2,728 
Property, plant and equipment6,737 9,55916,77727,301
Long-term investments and receivables   1,587 
Accounts and financing receivable, after allowance for credit loss   1,587 
Intangible assets, net (including goodwill)7,821 4,3714,3713,323
Goodwill7,821 4,3714,3713,323
Regulated entity, other noncurrent assets  875  
Deferred rent receivables, net    126
Other noncurrent assets698 7444983,094
Other undisclosed noncurrent assets  7,4482,2831,573
Total noncurrent assets:17,981 25,72625,51535,416
TOTAL ASSETS:46,822 63,78744,39367,331
Current Liabilities
Accounts payable and accrued liabilities5,314 5,3407,3309,967
Accounts payable3,512 2,8584,2377,068
Accrued liabilities1,479 2,3922,6742,334
Taxes payable323 89420566
Deferred revenue1,621 1,6521,434
Debt7,592 7,035 10,914
Other undisclosed current liabilities1,512 7516,8731,021
Total current liabilities:16,040 14,77715,63721,902
Noncurrent Liabilities
Long-term debt and lease obligation5,119 10,2575,0588,096
Long-term debt, excluding current maturities5,119 10,2575,0588,052
Capital lease obligations44
Liabilities, other than long-term debt1,249 1,5311,711 
Deferred revenue498 467490
Other liabilities751 1,0641,222 
Other undisclosed noncurrent liabilities1,997 5,279202,052
Total noncurrent liabilities:8,365 17,0666,78910,148
Total liabilities:24,404 31,84322,42732,050
Stockholders' equity
Stockholders' equity attributable to parent, including:21,506 30,86721,08035,281
Preferred stock  2  
Common stock24 18413
Treasury stock, value(148) (148)  
Additional paid in capital65,058 63,31340,34531,485
Accumulated other comprehensive income (loss)2,956 854796(483)
Retained earnings (accumulated deficit)(46,386) (33,173)(20,068)4,263
Other undisclosed stockholders' equity attributable to parent2 133
Stockholders' equity attributable to noncontrolling interest912 1,078886 
Total stockholders' equity:22,418 31,94521,96635,281
TOTAL LIABILITIES AND EQUITY:46,822 63,78744,39367,331

Income statement (P&L) ($ in thousands)

Revenues(31,465) 43,51839,26589,937
Cost of revenue(16,605) (24,154)(23,702)(58,551)
Gross profit:8,775 19,36415,56331,385
Operating expenses(15,263) (23,398)(23,010)(42,286)
Operating loss:(6,488) (4,034)(7,447)(10,901)
Nonoperating income (expense)720 (2,786)(5,191)275
Other nonoperating income (expense)3,156 1,821(63)1,523
Interest and debt expense(2,436) (4,607)(4,786)(1,248)
Other undisclosed income from continuing operations before equity method investments, income taxes  4,6074,7861,248
Loss from continuing operations before equity method investments, income taxes:(8,203) (6,820)(12,638)(10,626)
Loss from equity method investments    (1,215)
Other undisclosed income from continuing operations before income taxes2,436    
Loss from continuing operations before income taxes:(5,768) (6,820)(12,638)(11,840)
Income tax expense (benefit)(207) (2,074)1,336(2,600)
Loss from continuing operations:(5,975) (8,894)(11,303)(14,440)
Loss from discontinued operations  (813)(10,560) 
Other undisclosed loss before gain (loss) on sale of properties(8,280)    
Net loss:(14,255) (9,707)(21,863)(14,440)
Net income (loss) attributable to noncontrolling interest109 (227)(502) 
Other undisclosed net income attributable to parent    5,200
Net loss attributable to parent:(14,145) (9,934)(22,365)(9,240)
Preferred stock dividends and other adjustments  (3,171)(1,966)(915)
Other undisclosed net loss available to common stockholders, basic(31)    
Net loss available to common stockholders, diluted:(14,177) (13,105)(24,330)(10,155)

Comprehensive Income ($ in thousands)

Net loss:(14,255) (9,707)(21,863)(14,440)
Other undisclosed comprehensive income1,290  23,142 
Comprehensive income (loss):(12,965) (9,707)1,279(14,440)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(12) 22(345) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (3,398)(23,985)3,935
Comprehensive loss, net of tax, attributable to parent:(12,977) (13,083)(23,051)(10,505)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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