Thachang Green Energy Public Company Limited (BKK: TGE)

TGE Balance Sheet

Financials in millions THB. 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	406.74	476.61	596.43	54.47	33.47	17.13
Accounts Receivable	150.4	134.14	157.54	150.23	115.68	159.4
Other Receivables	35.99	31.93	40.11	71.77	77.61	-
Inventory	109.74	108.35	106.16	114.13	52.99	60.03
Other Current Assets	17.93	25.63	14.88	8.46	8.77	28.51
Total Current Assets	720.8	776.66	915.11	399.06	288.52	265.07
Property, Plant & Equipment	2,048	2,066	1,942	2,048	2,120	1,827
Other Intangible Assets	122.69	105.01	101.62	90.24	89.8	53.73
Long-Term Deferred Tax Assets	1.56	2.2	2.95	3.39	3.09	0.9
Long-Term Deferred Charges	286.98	232.86	157.69	105.95	89.67	1.02
Other Long-Term Assets	194.38	192.05	242.57	101.08	98.99	54.53
Total Assets	3,374	3,375	3,362	2,748	2,690	2,202
Accounts Payable	27.06	31.91	27.72	20.71	15.42	11.65
Accrued Expenses	-	-	-	-	-	5.65
Current Portion of Long-Term Debt	223.37	223.28	223.09	234.93	221.23	116.95
Current Portion of Leases	4.54	4.31	4.02	2.24	2.42	-
Other Current Liabilities	50.22	57.7	61.01	77.71	125.69	121.82
Total Current Liabilities	309.86	317.2	315.84	335.59	364.76	256.07
Long-Term Debt	484.15	595.86	819.15	1,206	1,329	1,136
Long-Term Leases	67.88	72.69	77	68.14	69.73	-
Pension & Post-Retirement Benefits	5.25	7.62	6.06	4.41	4.14	2.06
Long-Term Deferred Tax Liabilities	1.74	1.57	1.24	0.94	-	-
Other Long-Term Liabilities	50.79	50.06	47.29	49.95	42.81	42.49
Total Liabilities	919.67	1,045	1,267	1,665	1,811	1,436
Common Stock	1,100	1,100	1,100	800	800	660.8
Additional Paid-In Capital	863.34	863.34	863.34	-	-	-
Retained Earnings	558.57	436.17	201.71	353.08	150.98	175.19
Comprensive Income & Other	-67.64	-69.91	-69.91	-69.91	-71.06	-70.54
Total Common Equity	2,454	2,330	2,095	1,083	879.91	765.45
Minority Interest	0.06	0.06	0.06	0.01	0.01	0
Shareholders' Equity	2,454	2,330	2,095	1,083	879.92	765.46
Total Liabilities & Equity	3,374	3,375	3,362	2,748	2,690	2,202
Total Debt	779.94	896.14	1,123	1,511	1,622	1,253
Net Cash (Debt)	-373.2	-419.53	-526.83	-1,457	-1,589	-1,236
Net Cash Per Share	-0.17	-0.19	-0.29	-0.91	-0.99	-0.77
Filing Date Shares Outstanding	2,200	2,200	2,200	1,600	1,600	1,600
Total Common Shares Outstanding	2,200	2,200	2,200	1,600	1,600	1,600
Working Capital	410.94	459.45	599.27	63.46	-76.24	9
Book Value Per Share	1.12	1.06	0.95	0.68	0.55	0.48
Tangible Book Value	2,332	2,225	1,994	992.93	790.11	711.72
Tangible Book Value Per Share	1.06	1.01	0.91	0.62	0.49	0.44
Land	-	241.88	33.14	19.07	-	-
Buildings	-	595.51	594.31	595.28	470.7	459.49
Machinery	-	1,899	1,859	1,854	1,302	1,287
Construction In Progress	-	13.85	1.32	2.19	658.54	365.3

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