Midwich Group plc (AIM: MIDW)

Midwich Group Balance Sheet

Financials in millions GBP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	31.23	56.14	25.86	15.48	25.49	13.02
Trading Asset Securities	-	2.03	4.63	0.36	-	-
Cash & Short-Term Investments	31.23	58.17	30.49	15.84	25.49	13.02
Cash Growth	55.41%	90.80%	92.48%	-37.85%	95.81%	-22.00%
Accounts Receivable	239.44	199.89	193.03	109.09	92.13	94.84
Other Receivables	-	5.19	6.5	3.27	2.11	1.74
Receivables	239.44	205.08	199.53	112.36	94.24	96.58
Inventory	184.32	165.59	159.82	125.83	84	88.69
Prepaid Expenses	-	18.74	19.09	11.9	12.85	7.52
Other Current Assets	2.46	0.05	-	0.13	0.02	-
Total Current Assets	457.45	447.63	408.92	266.05	216.59	205.81
Property, Plant & Equipment	35.57	37.69	36.52	31.62	28.31	28.04
Long-Term Investments	0.33	0.3	-	-	-	-
Goodwill	54.29	51.22	35.77	21.16	15.35	13.33
Other Intangible Assets	120.68	117.01	76	51.97	43.63	31.97
Long-Term Deferred Tax Assets	0.84	0.62	2.57	2.73	2.39	2.17
Total Assets	669.15	654.47	559.77	373.53	306.26	281.31
Accounts Payable	242.09	177.47	175.63	106.38	82.32	81.65
Accrued Expenses	0.37	53.31	53.59	35.82	27.69	24.51
Short-Term Debt	-	-	-	30.86	22.45	41.13
Current Portion of Long-Term Debt	57.79	44.53	40.9	0.04	5.94	2.9
Current Portion of Leases	-	4.61	4.06	3.15	2.75	2.63
Current Income Taxes Payable	-	-	-	2.87	0.64	2.33
Other Current Liabilities	17.18	33.99	10.97	4.68	8.44	7.81
Total Current Liabilities	317.43	313.92	285.15	183.8	150.23	162.96
Long-Term Debt	105.7	94.18	80.93	42.56	19.2	22.39
Long-Term Leases	21.8	19	19.39	17.84	15.52	14.08
Long-Term Deferred Tax Liabilities	18.46	18.92	10.58	5.07	7.01	6.85
Other Long-Term Liabilities	14.3	10.74	28.36	8.24	6.27	8.4
Total Liabilities	477.68	458.32	425.64	259.13	199.77	216.02
Common Stock	1.04	1.03	0.89	0.89	0.89	0.8
Additional Paid-In Capital	116.96	116.96	67.05	67.05	67.05	28.23
Retained Earnings	65.63	63.09	46.02	39.08	30.44	31.87
Treasury Stock	-0.62	-0.62	-0.01	-0.01	-0.01	-0.01
Comprehensive Income & Other	-7.2	-7.21	6.78	-1.89	1.98	-2.89
Total Common Equity	175.82	173.26	120.74	105.12	100.34	58
Minority Interest	15.65	22.89	13.4	9.28	6.15	7.3
Shareholders' Equity	191.47	196.14	134.13	114.4	106.49	65.29
Total Liabilities & Equity	669.15	654.47	559.77	373.53	306.26	281.31
Total Debt	185.28	162.33	145.28	94.45	65.86	83.13
Net Cash (Debt)	-154.06	-104.16	-114.79	-78.61	-40.37	-70.11
Net Cash Per Share	-1.47	-1.05	-1.26	-0.87	-0.46	-0.87
Filing Date Shares Outstanding	102.31	101.56	90.69	88.22	88.01	87.44
Total Common Shares Outstanding	102.31	101.56	88.38	88.22	88.01	79.5
Working Capital	140.02	133.72	123.77	82.25	66.36	42.85
Book Value Per Share	1.72	1.71	1.37	1.19	1.14	0.73
Tangible Book Value	0.85	5.03	8.97	31.99	41.36	12.7
Tangible Book Value Per Share	0.01	0.05	0.10	0.36	0.47	0.16
Land	-	0.61	0.61	0.61	0.61	0.61
Buildings	-	4.45	4.47	4.36	4.45	4.33
Machinery	-	12.39	9.89	7.89	7.15	5.51
Leasehold Improvements	-	3.77	3.72	2.88	2.6	2.57

Source: S&P Capital IQ. Standard template. Financial Sources.