Thai Solar Energy PCL (BKK:TSE)

Thai Solar Energy PCL Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	473.9	353.57	1,943	360.64	849.07	883.25
Short-Term Investments	2.71	8.86	0.47	0.47	0.47	0.47
Trading Asset Securities	-	-	2.04	2.01	-	-
Accounts Receivable	216.34	199.36	199.25	225.3	204.16	212.92
Other Receivables	51.43	50.87	859.87	855.66	630.45	478.74
Inventory	47.65	39.64	35.19	31.19	26.3	22.8
Prepaid Expenses	6.97	7.28	7.31	9.88	20.48	23.76
Other Current Assets	1,995	19.69	20.48	273.54	18.99	32.49
Total Current Assets	2,794	679.27	3,067	1,759	1,750	1,654
Property, Plant & Equipment	4,006	4,030	3,777	11,543	10,765	10,344
Goodwill	96.83	9.97	85.55	96.67	48.54	50.86
Other Intangible Assets	885.73	943.67	1,033	4,796	4,885	4,945
Long-Term Investments	3.1	1,728	2,097	2,095	2,050	1,993
Long-Term Deferred Tax Assets	37.99	22.63	22.58	22.03	22.02	21.73
Other Long-Term Assets	328.66	310.4	176.89	199.06	185.78	167.69
Total Assets	8,152	7,724	10,260	20,510	19,707	19,177
Accounts Payable	276.8	67.06	91.3	38.73	54.65	48.24
Accrued Expenses	-	199.37	70.09	131.07	96.46	82.02
Short-Term Debt	1,267	210	260	824.8	230	250
Current Portion of Long-Term Debt	1,470	1,434	3,198	1,598	2,949	2,444
Current Portion of Leases	23.4	18.51	14.86	16.2	29.09	28.9
Current Income Taxes Payable	4.6	6.48	1.44	6.41	5.54	1.99
Other Current Liabilities	33.84	75.3	39.77	35.87	40.94	195.76
Total Current Liabilities	3,076	2,011	3,676	2,651	3,406	3,051
Long-Term Debt	1,598	2,387	2,615	11,088	9,543	9,781
Long-Term Leases	194.12	199.55	207.27	192.21	288.32	309.52
Pension & Post-Retirement Benefits	39.79	29.57	24.67	20.52	21.56	17.37
Long-Term Deferred Tax Liabilities	78.63	80.55	86.18	85.27	42.92	43.98
Other Long-Term Liabilities	26.75	28.39	29.25	30.07	56.12	54.88
Total Liabilities	5,014	4,736	6,638	14,067	13,358	13,257
Common Stock	2,118	2,118	2,118	2,118	2,118	2,118
Additional Paid-In Capital	1,046	1,046	1,046	1,046	1,046	1,046
Retained Earnings	355.97	255.39	862.49	4,034	3,380	2,972
Treasury Stock	-2.34	-2.34	-	-	-	-
Comprehensive Income & Other	-428.73	-430.35	-404.15	-754.51	-193.94	-218.02
Total Common Equity	3,088	2,986	3,622	6,443	6,349	5,917
Minority Interest	50.47	2.39	-	-	-	2.03
Shareholders' Equity	3,139	2,988	3,622	6,443	6,349	5,919
Total Liabilities & Equity	8,152	7,724	10,260	20,510	19,707	19,177
Total Debt	4,553	4,249	6,296	13,719	13,039	12,813
Net Cash (Debt)	-4,077	-3,887	-4,350	-13,356	-12,190	-11,930
Net Cash Per Share	-1.93	-1.84	-2.05	-6.31	-5.76	-5.63
Filing Date Shares Outstanding	2,115	2,115	2,118	2,118	2,118	2,118
Total Common Shares Outstanding	2,115	2,115	2,118	2,118	2,118	2,118
Working Capital	-282.28	-1,332	-608.38	-892.52	-1,656	-1,396
Book Value Per Share	1.46	1.41	1.71	3.04	3.00	2.79
Tangible Book Value	2,106	2,032	2,503	1,550	1,415	921.18
Tangible Book Value Per Share	1.00	0.96	1.18	0.73	0.67	0.43
Land	-	683.73	456.05	646.29	666.98	778.26
Buildings	-	30.68	30.25	29.96	30.46	23.31
Machinery	-	4,149	4,469	4,577	6,064	6,639
Construction In Progress	-	330.6	36.19	7,385	4,973	3,511

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.