Spruce Historical Balance Sheet

SPRB Stock

USD 0.55 0.02 3.77%

Trend analysis of Spruce Biosciences balance sheet accounts such as Net Tangible Assets of 61.8 M, Accounts Payable of 2.8 M, Cash of 60.3 M or Non Current Assets Total of 1.7 M provides information on Spruce Biosciences' total assets, liabilities, and equity, which is the actual value of Spruce Biosciences to its prevalent stockholders. By breaking down trends over time using Spruce Biosciences 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

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Financial Statement Analysis is much more than just reviewing and examining Spruce Biosciences 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 Spruce Biosciences is a good buy for the upcoming year.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spruce Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Spruce Stock refer to our How to Trade Spruce Stock guide.

About Spruce Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Spruce Biosciences at a specified time, usually calculated after every quarter, six months, or one year. Spruce Biosciences Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Spruce Biosciences 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 Spruce currently owns. An asset can also be divided into two categories, current and non-current.

Spruce Biosciences Balance Sheet Chart

At present, Spruce Biosciences' Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 25.7 M, whereas Total Assets are forecasted to decline to about 89.5 M.

Total Assets Total Current Liabilities Accounts Payable Non Current Assets Total Other Current Assets

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Total Assets

Total assets refers to the total amount of Spruce Biosciences 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 Spruce Biosciences 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 Spruce Biosciences balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Spruce Biosciences 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.

Accounts Payable

An accounting item on the balance sheet that represents Spruce Biosciences obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Spruce Biosciences are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most accounts from Spruce Biosciences' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Spruce Biosciences 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Spruce Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Spruce Stock refer to our How to Trade Spruce Stock guide.At present, Spruce Biosciences' Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 25.7 M, whereas Total Assets are forecasted to decline to about 89.5 M.

	2021	2022	2023	2024 (projected)
Other Current Liabilities	5.7M	9.3M	14.3M	15.1M
Total Assets	126.5M	85.6M	103.9M	89.5M

Other Current Liab Total Assets

Spruce Biosciences balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Short Long Term Debt Total	Other Liab
Total Assets		0.68	0.69	1.0	1.0	-0.87	-0.72	0.65	0.89	0.51	0.24	0.44	0.99	0.48	0.8	-0.89	0.85	0.98	-0.59	1.0	0.99	0.82	0.99	0.82	0.86	0.82
Other Current Liab	0.68		0.99	0.65	0.64	-0.62	-0.99	0.36	0.56	0.19	0.32	0.31	0.67	0.89	0.85	-0.81	0.89	0.73	-0.22	0.65	0.68	0.9	0.63	0.9	0.6	0.86
Total Current Liabilities	0.69	0.99		0.66	0.65	-0.7	-0.96	0.48	0.64	0.13	0.19	0.17	0.7	0.82	0.85	-0.8	0.87	0.74	-0.19	0.66	0.71	0.86	0.66	0.86	0.57	0.84
Total Stockholder Equity	1.0	0.65	0.66		1.0	-0.86	-0.69	0.64	0.88	0.53	0.25	0.46	0.99	0.46	0.76	-0.9	0.83	0.98	-0.65	1.0	0.98	0.8	0.99	0.8	0.88	0.8
Net Tangible Assets	1.0	0.64	0.65	1.0		-0.86	-0.69	0.65	0.88	0.53	0.25	0.46	0.99	0.45	0.76	-0.9	0.83	0.98	-0.64	1.0	0.99	0.8	0.99	0.8	0.87	0.81
Net Debt	-0.87	-0.62	-0.7	-0.86	-0.86		0.61	-0.84	-0.98	-0.14	0.05	0.02	-0.92	-0.26	-0.7	0.78	-0.72	-0.9	0.45	-0.86	-0.91	-0.63	-0.91	-0.63	-0.64	-0.72
Retained Earnings	-0.72	-0.99	-0.96	-0.69	-0.69	0.61		-0.34	-0.57	-0.26	-0.39	-0.41	-0.71	-0.9	-0.88	0.84	-0.93	-0.76	0.24	-0.7	-0.72	-0.94	-0.67	-0.94	-0.65	-0.9
Accounts Payable	0.65	0.36	0.48	0.64	0.65	-0.84	-0.34		0.83	0.25	-0.51	-0.31	0.66	0.09	0.45	-0.56	0.43	0.64	-0.33	0.63	0.66	0.42	0.66	0.42	0.29	0.4
Cash	0.89	0.56	0.64	0.88	0.88	-0.98	-0.57	0.83		0.18	-0.01	0.03	0.93	0.21	0.71	-0.76	0.73	0.92	-0.43	0.88	0.93	0.64	0.93	0.64	0.62	0.74
Non Current Assets Total	0.51	0.19	0.13	0.53	0.53	-0.14	-0.26	0.25	0.18		-0.01	0.62	0.39	0.41	0.33	-0.38	0.3	0.37	-0.41	0.53	0.39	0.45	0.4	0.45	0.53	0.18
Non Currrent Assets Other	0.24	0.32	0.19	0.25	0.25	0.05	-0.39	-0.51	-0.01	-0.01		0.77	0.25	0.37	0.26	-0.35	0.45	0.3	-0.26	0.26	0.26	0.39	0.25	0.39	0.47	0.52
Other Assets	0.44	0.31	0.17	0.46	0.46	0.02	-0.41	-0.31	0.03	0.62	0.77		0.37	0.52	0.37	-0.43	0.48	0.4	-0.41	0.47	0.38	0.53	0.38	0.53	0.66	0.45
Cash And Short Term Investments	0.99	0.67	0.7	0.99	0.99	-0.92	-0.71	0.66	0.93	0.39	0.25	0.37		0.42	0.8	-0.89	0.85	1.0	-0.57	0.99	1.0	0.79	1.0	0.79	0.83	0.84
Common Stock Total Equity	0.48	0.89	0.82	0.46	0.45	-0.26	-0.9	0.09	0.21	0.41	0.37	0.52	0.42		0.69	-0.66	0.74	0.49	-0.16	0.46	0.44	0.84	0.38	0.84	0.51	0.68
Common Stock Shares Outstanding	0.8	0.85	0.85	0.76	0.76	-0.7	-0.88	0.45	0.71	0.33	0.26	0.37	0.8	0.69		-0.7	0.92	0.84	-0.05	0.77	0.81	0.9	0.76	0.9	0.61	0.88
Non Current Liabilities Total	-0.89	-0.81	-0.8	-0.9	-0.9	0.78	0.84	-0.56	-0.76	-0.38	-0.35	-0.43	-0.89	-0.66	-0.7		-0.88	-0.91	0.69	-0.9	-0.89	-0.87	-0.87	-0.87	-0.81	-0.87
Other Current Assets	0.85	0.89	0.87	0.83	0.83	-0.72	-0.93	0.43	0.73	0.3	0.45	0.48	0.85	0.74	0.92	-0.88		0.9	-0.31	0.83	0.86	0.97	0.82	0.97	0.69	0.99
Other Stockholder Equity	0.98	0.73	0.74	0.98	0.98	-0.9	-0.76	0.64	0.92	0.37	0.3	0.4	1.0	0.49	0.84	-0.91	0.9		-0.54	0.98	1.0	0.84	0.99	0.84	0.82	0.89
Total Liab	-0.59	-0.22	-0.19	-0.65	-0.64	0.45	0.24	-0.33	-0.43	-0.41	-0.26	-0.41	-0.57	-0.16	-0.05	0.69	-0.31	-0.54		-0.63	-0.56	-0.3	-0.61	-0.3	-0.73	-0.32
Net Invested Capital	1.0	0.65	0.66	1.0	1.0	-0.86	-0.7	0.63	0.88	0.53	0.26	0.47	0.99	0.46	0.77	-0.9	0.83	0.98	-0.63		0.99	0.8	0.99	0.8	0.88	0.81
Total Current Assets	0.99	0.68	0.71	0.98	0.99	-0.91	-0.72	0.66	0.93	0.39	0.26	0.38	1.0	0.44	0.81	-0.89	0.86	1.0	-0.56	0.99		0.8	1.0	0.8	0.83	0.85
Capital Stock	0.82	0.9	0.86	0.8	0.8	-0.63	-0.94	0.42	0.64	0.45	0.39	0.53	0.79	0.84	0.9	-0.87	0.97	0.84	-0.3	0.8	0.8		0.75	1.0	0.66	0.93
Net Working Capital	0.99	0.63	0.66	0.99	0.99	-0.91	-0.67	0.66	0.93	0.4	0.25	0.38	1.0	0.38	0.76	-0.87	0.82	0.99	-0.61	0.99	1.0	0.75		0.75	0.85	0.81
Common Stock	0.82	0.9	0.86	0.8	0.8	-0.63	-0.94	0.42	0.64	0.45	0.39	0.53	0.79	0.84	0.9	-0.87	0.97	0.84	-0.3	0.8	0.8	1.0	0.75		0.66	0.93
Short Long Term Debt Total	0.86	0.6	0.57	0.88	0.87	-0.64	-0.65	0.29	0.62	0.53	0.47	0.66	0.83	0.51	0.61	-0.81	0.69	0.82	-0.73	0.88	0.83	0.66	0.85	0.66		0.66
Other Liab	0.82	0.86	0.84	0.8	0.81	-0.72	-0.9	0.4	0.74	0.18	0.52	0.45	0.84	0.68	0.88	-0.87	0.99	0.89	-0.32	0.81	0.85	0.93	0.81	0.93	0.66

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Spruce Biosciences Account Relationship Matchups

Spruce Biosciences balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.7M	162.9M	126.5M	85.6M	103.9M	89.5M
Other Current Liab	1.2M	3.3M	5.7M	9.3M	14.3M	15.1M
Total Current Liabilities	4.3M	9.8M	8.9M	12.4M	24.5M	25.7M
Total Stockholder Equity	(30.6M)	149.4M	111.4M	68.5M	76.5M	65.5M
Net Tangible Assets	(30.6M)	149.4M	111.4M	68.5M	78.8M	61.8M
Net Debt	521K	(151.0M)	(36.6M)	(18.3M)	(91.7M)	(87.1M)
Retained Earnings	(31.3M)	(60.8M)	(103.1M)	(149.3M)	(197.2M)	(187.4M)
Accounts Payable	1.9M	3.6M	2.8M	1.4M	3.3M	2.8M
Cash	3.9M	157.2M	42.7M	24.5M	96.3M	60.3M
Non Current Assets Total	40K	2.5M	34.6M	2.0M	1.8M	1.7M
Non Currrent Assets Other	40K	477K	653K	55.2M	582K	552.9K
Other Assets	40K	2.5K	513K	640K	1.0	0.95
Cash And Short Term Investments	3.9M	157.2M	89.0M	79.1M	96.3M	78.8M
Common Stock Shares Outstanding	22.3M	23.3M	23.4M	23.5M	38.5M	24.9M
Liabilities And Stockholders Equity	4.7M	162.9M	126.5M	85.6M	103.9M	89.5M
Non Current Liabilities Total	31.0M	3.7M	6.2M	4.7M	3.0M	2.8M
Other Current Assets	513K	3.2M	2.9M	4.5M	5.8M	3.2M
Other Stockholder Equity	664K	373.1M	214.7M	218.4M	273.7M	198.2M
Total Liab	35.3M	13.5M	15.1M	17.2M	27.4M	17.5M
Net Invested Capital	(26.2M)	153.9M	116.2M	73.4M	79.8M	69.6M
Total Current Assets	4.7M	160.4M	91.9M	83.6M	102.2M	82.0M
Net Working Capital	349K	150.6M	83.0M	71.2M	77.7M	70.6M

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When determining whether Spruce Biosciences offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Spruce Biosciences' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spruce Biosciences Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Spruce Biosciences Stock:

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For information on how to trade Spruce Stock refer to our How to Trade Spruce Stock guide.

You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Is Biotechnology space 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 Spruce Biosciences. If investors know Spruce 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 Spruce Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.95)

Revenue Per Share

0.173

Quarterly Revenue Growth

(0.80)

Return On Assets

(0.30)

Return On Equity

(0.58)

The market value of Spruce Biosciences is measured differently than its book value, which is the value of Spruce that is recorded on the company's balance sheet. Investors also form their own opinion of Spruce Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Spruce Biosciences' 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 Spruce Biosciences' market value can be influenced by many factors that don't directly affect Spruce Biosciences' 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 Spruce Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spruce Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spruce Biosciences' 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.

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Spruce Historical Balance Sheet

About Spruce Balance Sheet Analysis

Spruce Biosciences Balance Sheet Chart

Total Assets

Total Current Liabilities

Accounts Payable

Non Current Assets Total

Other Current Assets

Spruce Biosciences balance sheet Correlations

Spruce Biosciences Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Spruce Biosciences balance sheet Accounts

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Total Stockholder Equity	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Net Tangible Assets

Retained Earnings	- 0.99	Other Current Liab
Cash	- 0.98	Net Debt
Retained Earnings	- 0.96	Total Current Liabilities
Common Stock	- 0.94	Retained Earnings
Capital Stock	- 0.94	Retained Earnings
Other Current Assets	- 0.93	Retained Earnings