Charles & Colvard Ltd
CTHRQ Consumer Cyclical Luxury Goods
Charles & Colvard Ltd’s revenue for fiscal 2024 (year ended June 2024) was $22.0 million, down 26.7% from fiscal 2023. In the quarter to March 2025, revenue fell 23.0%, EPS grew 47.3% and free cash flow fell 23.0%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '16 | Jun '17 | Dec '17 | Jun '18 | Jun '19 | Jun '20 | Jun '21 | Jun '22 | Jun '23 | Jun '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
7.43 | 4.59 | 4.59 | 3.39 | 13.01 | 14.62 | 21.45 | 21.18 | 15.57 | 9.47 |
Receivables |
2.79 | 3.38 | 3.38 | 1.77 | 1.96 | 0.67 | 1.66 | 2.22 | 0.54 | 0.84 |
Inventory |
9.77 | 11.21 | 11.21 | 10.98 | 11.91 | 7.44 | 11.45 | 11.02 | 7.48 | 7.51 |
Total current assets |
20.67 | 20.15 | 20.15 | 17.06 | 27.87 | 23.91 | 35.76 | 35.86 | 24.74 | 18.82 |
Property, Plant, Equpment (Net) |
1.39 | 1.24 | 1.24 | 1.14 | 1.03 | 1.00 | 0.88 | 1.90 | 2.49 | 2.76 |
Goodwill and Intangible Assets (Total) |
0.01 | 0.01 | 0.01 | 0.03 | 0.10 | 0.17 | 0.21 | 0.27 | 0.31 | 0.37 |
Long Term Assets (Tax, Deferred) |
— | — | — | — | — | — | 6.35 | 5.85 | — | — |
Long-term assets (Other) |
0.07 | 19.83 | 0.07 | 0.39 | 0.33 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
Total non-current assets |
19.83 | — | 21.08 | 22.42 | 23.28 | 25.00 | 29.16 | 33.34 | 24.31 | 22.16 |
Total Assets |
40.51 | 41.23 | 41.23 | 39.47 | 51.15 | 48.90 | 64.92 | 69.21 | 49.04 | 40.98 |
Accounts Payable |
3.98 | 4.47 | 4.47 | 4.17 | 3.28 | 3.75 | 2.77 | 4.40 | 4.79 | 8.27 |
Accrued Expenses |
0.63 | — | 0.98 | 0.62 | 1.42 | 1.92 | 2.28 | 1.55 | 1.56 | 2.65 |
Current Part of Debt |
— | — | — | — | — | 0.19 | 0.57 | 0.86 | 0.88 | 2.30 |
Total current liabilities |
4.61 | 5.45 | 5.45 | 4.79 | 4.70 | 6.49 | 5.62 | 6.80 | 7.22 | 14.13 |
Long Term Debt (Total) |
— | — | — | — | — | 0.77 | — | — | — | — |
Non-current Revenue (Deferred) |
— | — | 0.46 | 0.39 | 0.24 | — | — | — | — | — |
Non-current Liabilities (Other) |
1.03 | 0.93 | 0.46 | 0.47 | 0.01 | 0.01 | 0.01 | — | — | — |
Total non-current liabilities |
1.03 | — | 0.93 | 0.86 | 0.24 | 0.98 | 3.61 | 2.85 | 2.05 | 1.20 |
Total liabilities |
5.64 | 6.37 | 6.37 | 5.65 | 4.94 | 7.47 | 9.23 | 9.65 | 9.27 | 15.33 |
Additional Paid In Capital |
14.28 | — | 14.73 | 14.96 | 24.49 | 25.88 | 25.61 | 25.96 | 26.21 | 16.45 |
Common Stock (Net) |
54.24 | 54.24 | 54.24 | 54.24 | 54.34 | 54.34 | 56.06 | 57.24 | 57.24 | 67.23 |
Retained Earnings |
(33.66) | (34.11) | (34.11) | (35.39) | (32.63) | (38.79) | (25.98) | (23.60) | (43.18) | (57.55) |
Treasury Stock |
— | — | — | — | — | — | — | 0.04 | 0.49 | 0.49 |
Common Equity (Total) |
34.87 | 34.86 | 34.86 | 33.82 | 46.21 | 41.44 | 55.69 | 59.56 | 39.77 | 25.65 |
Shareholders Equity (Total) |
34.87 | 34.86 | 34.86 | 33.82 | 46.21 | 41.44 | 55.69 | 59.56 | 39.77 | 25.65 |
Shareholders Equity and Liabilities (Total) |
40.51 | — | 41.23 | 39.47 | 51.15 | 48.90 | 64.92 | 69.21 | 49.04 | 40.98 |
Shares (Common) |
2.14 | — | 2.16 | 2.17 | 2.80 | 2.89 | 2.99 | 3.07 | 3.05 | 3.12 |
Shareholders Equity (Tangible) |
34.86 | — | 34.85 | 33.78 | 46.11 | 41.27 | 55.48 | 59.29 | 39.47 | 25.28 |
Net Debt |
(7.43) | (4.59) | (4.59) | (3.39) | (13.01) | (13.65) | (20.88) | (20.32) | (14.69) | (7.17) |
Total Debt |
— | — | — | — | — | 0.97 | 0.57 | 0.86 | 0.88 | 2.30 |