Summit Financial Group (SMMF)

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8.29 +0.23  +2.85%   NASDAQ May 22, 8:00PM BATS Real time Currency in USD

Summit Financial Group Liabilities:

1.280B for March 31, 2013
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Summit Financial Group Liabilities Chart

    Summit Financial Group Historical Liabilities Data

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    March 31, 2013 1.280B
    Dec. 31, 2012 1.279B
    Sept. 30, 2012 1.297B
    June 30, 2012 1.311B
    March 31, 2012 1.340B
    Dec. 31, 2011 1.348B
    Sept. 30, 2011 1.366B
    June 30, 2011 1.376B
    March 31, 2011 1.393B
    Dec. 31, 2010 1.388B
    Sept. 30, 2010 1.406B
    June 30, 2010 1.431B
    March 31, 2010 1.446B
    Dec. 31, 2009 1.494B
    Sept. 30, 2009 1.486B
    June 30, 2009 1.500B
    March 31, 2009 1.515B
    Dec. 31, 2008 1.540B
    Sept. 30, 2008 1.487B
    June 30, 2008 1.435B
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    About Total Liabilities

    Liabilities are obligations of a company arising from past transactions or events which are expected to reduce assets when they are settled.

    Note : This is a simple term, but fairly complex topic. A company's balance sheet is made up of three components : Assets, Liabilities, and Shareholder's Equity. Assets are equivalent to the sum of liabilities and shareholder's equity.

    Let's say a company sells computers. The assets would be the machinery, the plant, the inventory, etc. the company. However, the value of these assets belong to who funded the company. Is the company backed by obligations/debt (loans from a bank, inventory from a supplier)? or ... The founder / common public's (shareholder's equity)? Most likely, a combination of both.

    Simply, liabilities are the part of a company's assets that it has yet to repay back.
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    SMMF Liabilities Benchmarks

    Companies
    Ameris Bancorp 2.578B
    Connecticut River Community Bank
    SUGR

    SMMF Liabilities Rankings

    Overall 52nd percentile
    3765 of 8006
    Sector 58th percentile
    395 of 956 in Financial Services
    Industry 59th percentile
    181 of 445 in Banks - Regional - US

    SMMF Liabilities Range, Past 5 Years

    Minimum 1.279B Dec 2012
    Maximum 1.540B Dec 2008
    Average 1.406B