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Whether you're walking a tightrope or scribbling in your checkbook, balance is a good thing. And, one of the best ways to evaluate a company is to glance at its balance sheet to see what it owns with what it owes.
The balance sheet is a paragon of simplicity and is made up of three components: assets (the stuff it owns), liabilities (the money it owes), and shareholders' equity (the company's value to its shareholders).
Assets take two forms: short-term (or current) assets and long-term assets. Under short-term, there¿s good ol' hard cash. Then, there¿s something called "cash equivalents," which are assets like short-term bonds that can be sold so quickly, they might as well be cash. There you factor in inventory, which (if you're a reasonably competent business owner) you can sell to customers in return for--you guessed it--cash. (The raw materials a company owns to make that inventory also falls under this category.)
Long-term assets are things that are harder to convert into cash. (Think real estate and equipment.) Long-term assets depreciate, meaning they lose some value over time. Also under the long-term category are what's called intangible assets: things like patents and brands, that are important, but hard to quantify. Accountants earn their stripes figuring out the real overall value of these assets.
Once you know your assets, it's time for liabilities. As with assets, liabilities are separated into short-term or current, and long-term. Current liabilities are what a company owes in that year: Things like payments to employees or accounts payable to suppliers. Long-term liabilities are debts paid over several years.
Shareholders' equity is determined by subtracting the liabilities from the assets. That number represents the value of the company after all its bills are paid.
Obviously, investors should pay close attention to balance sheets. Spikes in the amount of debt carried, or a reduction in shareholders' equity, are usually red flags.
Home / Markets / Industries / Technology
Monday, July 07, 2008
Radiant Systems, US Market Leader in POS Solutions for Hospitality Industry, Acquires Orderman
Comtex
SALZBURG, Austria, Jul 07, 2008 (PR Newswire Europe via COMTEX) ----Salzburg-Based Orderman Becomes Radiant's Global Headquarters for Mobile Solutions
Orderman, the world's leading manufacturer of wireless, customizable handheld ordering and payment devices for the hospitality industry, today announced their sale to Radiant Systems, Inc. (Nasdaq: RADS), US market leader in POS solutions for the hospitality industry.
"Orderman's innovative, mobile devices are widely recognized in the European hospitality marketplace," said John Heyman, CEO of Radiant Systems. "This acquisition puts Radiant in an excellent position to further accelerate the adoption of mobile devices in the global hospitality sector and to bring additional innovations to market across all of the industries we serve."
Based in Salzburg, Austria, Orderman develops wireless, handheld point of sale (POS) devices that are deployed in a variety of hospitality venues, including restaurants, cafes, arenas, stadiums, and ski resorts. Restaurant operators typically realize a positive return on their investment in Orderman handheld terminals in less than twelve months by enabling servers to wait on a greater number of tables, increasing the restaurant's table-turns through faster ordering and payment, and improving order accuracy.
"Radiant Systems and Orderman are both globally-minded companies that provide innovative technology solutions to the hospitality industry," said Alois Eisl, CEO of Orderman. "We're pleased to join Radiant Systems in leading the charge for mobile handheld device adoption in the retail and hospitality industries not only in Europe, but also in the United States and the rest of the world."
Orderman distributes its solutions through a reseller network of more than 600 partners, predominantly in Europe. These partners have deployed approximately 50,000 Orderman handheld devices in more than 20,000 restaurants in 45 countries. Orderman's devices process millions of transactions per day.
"We view Orderman's reseller network as a strategic asset that will accelerate Radiant's growth in Europe," added Heyman. "Our track record of partnering with resellers gives us an opportunity to add additional value to their businesses and their end customers."
Radiant Systems will advance its capabilities with wireless and mobile devices by leveraging Orderman's expertise across all segments of retail and hospitality. Salzburg immediately becomes Radiant's global center of excellence for mobile devices, with Orderman's existing senior leadership managing the organization.
About Orderman
Orderman GmbH is the global market leader of radio ordering systems in the hospitality industry. Headquartered in Salzburg, Austria, Orderman handheld devices are currently used in more than 20,000 restaurants in 45 countries worldwide. Specifically designed to provide better and faster service, Orderman handheld devices drive increased efficiency, profits and customer satisfaction. Each day, approximately 20 new restaurants choose Orderman. In addition, millions of transactions are processed by over 50,000 Orderman handhelds every day. For more information, visit http://www.orderman.com.
About Radiant Systems, Inc.
Headquartered in Atlanta, Radiant Systems, Inc. (Nasdaq: RADS) is a global provider of innovative technology to the hospitality, retail, and entertainment industries. For more than two decades, Radiant's point of sale hardware and software solutions have helped to redefine the consumer experience in more than 100,000 restaurants, retail stores, stadiums, parks, arenas, cinemas, convenience stores, fuel centers and other customer-service venues. Radiant has offices in North America, Europe, Asia and Australia. For more information, visit http://www.radiantsystems.com.
The complete press release can also be found at: http://www.prplus.at
For inquiries: Orderman GmbH Andreas Neuhofer (Marketing Director) Phone: +43-662-650-561-0 Email: andreas.neuhofer@orderman.com Website: http://www.orderman.com For press inquiries: PR Plus GmbH Charlotte Rettenbacher-Ludwig Phone: +43-1-914-17-44, Fax: +43-1-914-17-44-22 Email: crl@plus.at, office@prplus.at Website: http://www.prplus.at
For inquiries: Orderman GmbH, Andreas Neuhofer (Marketing Director), Phone: +43-662-650-561-0, Email: andreas.neuhofer@orderman.com; For press inquiries: PR Plus GmbH, Charlotte Rettenbacher-Ludwig, Phone: +43-1-914-17-44, Fax: +43-1-914-17-44-22, Email: crl@plus.at, office@prplus.at
Copyright (C) 2008 PR Newswire Europe
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