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 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	385.68	1,943	360.64	849.07	883.25	643.59
Short-Term Investments	0.47	0.47	0.47	0.47	0.47	0.46
Trading Asset Securities	170.25	2.04	2.01	-	-	220.65
Accounts Receivable	221.11	199.25	225.3	204.16	212.92	241.32
Other Receivables	43.09	859.87	855.66	630.45	478.74	453.41
Inventory	29.78	35.19	31.19	26.3	22.8	24.03
Prepaid Expenses	8.29	7.31	9.88	20.48	23.76	24.82
Other Current Assets	27.04	20.48	273.54	18.99	32.49	33.19
Total Current Assets	885.72	3,067	1,759	1,750	1,654	1,641
Property, Plant & Equipment	3,919	3,777	11,543	10,765	10,344	7,550
Goodwill	81.71	85.55	96.67	48.54	50.86	17.11
Other Intangible Assets	973.96	1,033	4,796	4,885	4,945	4,670
Long-Term Investments	2,140	2,097	2,095	2,050	1,993	1,840
Long-Term Deferred Tax Assets	22.87	22.58	22.03	22.02	21.73	1.62
Other Long-Term Assets	172.97	176.89	199.06	185.78	167.69	149.97
Total Assets	8,196	10,260	20,510	19,707	19,177	15,870
Accounts Payable	111.36	91.3	38.73	54.65	48.24	-
Accrued Expenses	-	70.09	131.07	96.46	82.02	82.66
Short-Term Debt	60	260	824.8	230	250	98.47
Current Portion of Long-Term Debt	2,611	3,198	1,598	2,949	2,444	1,688
Current Portion of Leases	19.28	14.86	16.2	29.09	28.9	7.2
Current Income Taxes Payable	4.16	1.44	6.41	5.54	1.99	4.4
Other Current Liabilities	33.93	39.77	35.87	40.94	195.76	145.07
Total Current Liabilities	2,840	3,676	2,651	3,406	3,051	2,025
Long-Term Debt	1,273	2,615	11,088	9,543	9,781	8,081
Long-Term Leases	205.99	207.27	192.21	288.32	309.52	13.28
Pension & Post-Retirement Benefits	28.73	24.67	20.52	21.56	17.37	13.52
Long-Term Deferred Tax Liabilities	83.17	86.18	85.27	42.92	43.98	28.07
Other Long-Term Liabilities	28.61	29.25	30.07	56.12	54.88	75.99
Total Liabilities	4,460	6,638	14,067	13,358	13,257	10,238
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	1,012	862.49	4,034	3,380	2,972	2,938
Comprehensive Income & Other	-439.3	-404.15	-754.51	-193.94	-218.02	-473.31
Total Common Equity	3,734	3,622	6,443	6,349	5,917	5,628
Minority Interest	2.39	-	-	-	2.03	4.32
Shareholders' Equity	3,736	3,622	6,443	6,349	5,919	5,632
Total Liabilities & Equity	8,196	10,260	20,510	19,707	19,177	15,870
Total Debt	4,170	6,296	13,719	13,039	12,813	9,888
Net Cash (Debt)	-3,613	-4,350	-13,356	-12,190	-11,930	-9,023
Net Cash Per Share	-1.56	-2.05	-6.31	-5.76	-5.63	-4.63
Filing Date Shares Outstanding	2,115	2,118	2,118	2,118	2,118	2,118
Total Common Shares Outstanding	2,115	2,118	2,118	2,118	2,118	2,118
Working Capital	-1,954	-608.38	-892.52	-1,656	-1,396	-383.88
Book Value Per Share	1.77	1.71	3.04	3.00	2.79	2.66
Tangible Book Value	2,678	2,503	1,550	1,415	921.18	940.99
Tangible Book Value Per Share	1.27	1.18	0.73	0.67	0.43	0.44
Land	-	456.05	646.29	666.98	778.26	755.94
Buildings	-	30.25	29.96	30.46	23.31	24.66
Machinery	-	4,469	4,577	6,064	6,639	6,525
Construction In Progress	-	36.19	7,385	4,973	3,511	875.5

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