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 same quarter a year earlier.

Line	Q4 FY2023 Dec 31, 2023	Q3 FY2023 Sep 30, 2023	Q2 FY2023 Jun 30, 2023	Q1 FY2023 Mar 31, 2023	Q4 FY2022 Dec 31, 2022	Q3 FY2022 Sep 30, 2022	Q2 FY2022 Jun 30, 2022	Q1 FY2022 Mar 31, 2022
Assets
Cash	3 +13.7%	3 +12.4%	3 +15.4%	3 -2.7%	3 +3.7%	3 +11.0%	3 +24.7%	3 +67.5%
Cash and investments	3 +13.7%	3 +12.4%	3 +15.4%	3 -2.7%	3 +3.7%	3 +11.0%	3 +24.7%	3 +67.5%
Receivables	0 -48.0%	0 -20.1%	0 +88.5%	0 +79.8%	0 -94.7%	0 -95.7%	0 -89.3%	0 -49.9%
Total current assets	3 +13.4%	3 +11.0%	3 +13.5%	3 -2.8%	3 +3.0%	3 +11.0%	3 +24.7%	3 +67.4%
Property and equipment, net	0 -19.0%	0 -17.1%	0 -16.7%	0 +45.0%	0 +48.8%	0 +47.2%	0 +48.2%	0 -13.9%
Goodwill	0 +9.1%	0 +10.9%	0 +13.0%	0 +10.3%	0 -11.6%	0 -16.9%	0 -22.0%	0 -23.2%
Total assets	3 +7.1%	3 +5.0%	3 +7.1%	3 -5.2%	3 -1.6%	3 +3.2%	3 +10.3%	3 +32.1%
Liabilities and equity
Accounts payable	0 -28.1%	0 -70.8%	0 -85.6%	0 -59.3%	0 -64.3%	0 +1.7%	0 +97.4%	0 -0.2%
Total current liabilities	2 +9.3%	2 -0.0%	2 -1.3%	2 +1.5%	2 +2.1%	2 +8.3%	2 +18.0%	2 +12.8%
Total liabilities	2 +0.3%	2 -7.6%	2 -8.4%	2 -5.9%	2 -5.3%	2 -0.1%	2 +7.4%	2 +3.4%
Stockholders' equity	2 +15.7%	2 +22.6%	2 +31.7%	1 -4.4%	1 +3.4%	1 +8.2%	1 +15.2%	2 +99.6%
Debt
Lease liabilities	0 -47.9%	0 +5.8%	0 -65.2%	0 -55.3%	0 -30.6%	0 -42.1%	0 -37.5%	0 -33.7%
Total debt	0 -47.9%	0 +5.8%	0 -65.2%	0 -55.3%	0 -30.6%	0 -42.1%	0 -37.5%	0 -33.7%
Net cash	3 +20.6%	3 +12.9%	3 +22.6%	3 +2.1%	2 +9.8%	3 +18.6%	2 +36.8%	3 +94.4%
Ratios
Current ratio	1.78x	1.84x	1.80x	1.74x	1.71x	1.66x	1.57x	1.82x
Debt to equity	0.09x	0.12x	0.05x	0.07x	0.20x	0.13x	0.18x	0.16x
Debt to EBITDA	0.28x	0.32x	0.10x	0.15x	0.33x	0.19x	0.23x	0.23x
Return on equity	32.80%	33.47%	39.13%	41.76%	47.96%	52.52%	58.28%	52.41%
Return on assets	15.64%	16.36%	18.56%	18.96%	21.16%	22.00%	22.48%	23.59%
Book value per share	0.08	0.08	0.08	—	0.07	0.07	0.06	0.09

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. 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

Other Telephone Communications (No Radiotelephone) companies

Verizon Communications Inc VZ
AT&T Inc. T
America Movil Sab De CV/ AMX
Swisscom AG SCMWY
Telenor ASA TELNY
Bce Inc BCE
Telefonica Brasil S.A. VIV
Perusahaan Perseroan Persero PT Telekomunikasi Indonesia TBK TLK

All 33 Telephone Communications (No Radiotelephone) companies

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