Fullnet Communications Inc balance sheet FULO

Annual Quarterly

As of Dec 31, 2023, Fullnet Communications Inc had total assets of $3.4 million and total liabilities of $1.8 million. Total assets were up 7.1% from a year earlier. Stockholders' equity was $1.6 million. It held $3.1 million in cash and investments against $145,449 of total debt, net cash of $3.0 million. The current ratio, current assets divided by current liabilities, was 1.78.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016	FY 2015 Dec 31, 2015	FY 2014 Dec 31, 2014
Assets
Cash	3 +13.7%	3 +3.7%	3 +88.6%	1 +130.0%	1 +148.5%	0 +737.6%	0 +51.7%	0 +22.1%	0 +8.6%	0 -51.4%
Cash and investments	3 +13.7%	3 +3.7%	3 +88.6%	1 +130.0%	1 +148.5%	0 +737.6%	0 +51.7%	0 +22.1%	0 +8.6%	0 -51.4%
Receivables	0 -48.0%	0 -94.7%	0 -2.1%	0 +3161.0%	0 -81.2%	0 -43.2%	0 +33.9%	0 +4.9%	0 -49.1%	0 -29.4%
Total current assets	3 +13.4%	3 +3.0%	3 +85.8%	1 +130.4%	1 +125.0%	0 +534.2%	0 +61.1%	0 +10.9%	0 -31.8%	0 -35.4%
Property and equipment, net	0 -19.0%	0 +48.8%	0 -6.9%	0 +9.0%	0 +12.6%	0 +30.0%	0 -15.5%	0 -51.5%	0 -11.8%	0 +144.8%
Goodwill	0 +9.1%	0 -11.6%	0 -21.1%	0 +43.3%	0 +40.6%	0 -40.5%	0	—	—	—
Total assets	3 +7.1%	3 -1.6%	3 +34.5%	2 +80.9%	1 +283.2%	0 +156.6%	0 -2.3%	0 +7.6%	0 -16.9%	0 +37.9%
Liabilities and equity
Accounts payable	0 -28.1%	0 -64.3%	0 +5.9%	0 -1.1%	0 +175.6%	0 -50.7%	0 -53.2%	0 -58.5%	0 -10.6%	0 +69.1%
Total current liabilities	2 +9.3%	2 +2.1%	2 +6.6%	1 +31.4%	1 +13.2%	1 -4.9%	1 +4.1%	1 -11.3%	1 +3.9%	1 +24.7%
Total liabilities	2 +0.3%	2 -5.3%	2 -1.3%	2 +14.8%	2 +53.2%	1 -15.7%	1 +0.9%	1 -3.5%	1 +1.0%	1 +16.8%
Stockholders' equity	2 +15.7%	1 +3.4%	1 +169.8%	1 +253.8%	-0 +55.5%	-1 +36.0%	-1 -1.2%	-1 +4.7%	-1 -3.4%	-1 -14.5%
Debt
Debt due within a year	—	—	—	—	—	—	0 -18.7%	0 -14.7%	0 -29.6%	0
Lease liabilities	0 -47.9%	0 -30.6%	0 -21.9%	1 -16.8%	1	—	—	—	—	—
Total debt	0 -47.9%	0 -30.6%	0 -21.9%	1 -16.8%	1	—	0 -18.7%	0 -14.7%	0 -29.6%	0
Net cash	3 +20.6%	2 +9.8%	2 +152.3%	1 +14215.6%	-0	—	-0 +27.0%	-0 +17.6%	-0 +31.6%	-0
Ratios
Current ratio	1.78x	1.71x	1.70x	0.97x	0.56x	0.28x	0.04x	0.03x	0.02x	0.03x
Debt to equity	0.09x	0.20x	0.30x	1.02x	—	—	—	—	—	—
Debt to EBITDA	0.28x	0.33x	0.34x	0.70x	2.86x	—	1.54x	—	—	—
Return on equity	32.80%	47.96%	65.90%	213.53%	—	—	—	—	—	—
Return on assets	15.64%	21.16%	27.65%	44.66%	23.91%	77.11%	-19.85%	-4.31%	-42.13%	-108.69%
Book value per share	0.08	0.07	0.08	0.03	-0.02	-0.05	-0.10	-0.10	-0.13	-0.13

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry: Telephone Communications (No Radiotelephone) (SIC 4813)
Listed as: FULO (OTC)
Fiscal year ends: December 31
Incorporated in: OK
Headquarters: Oklahoma City, OK
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 1092570

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.