Solar A/S (CPH: SOLAR.B)

Solar Balance Sheet

Financials in millions DKK. 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	268	441	166	481	404	56
Cash & Short-Term Investments	268	441	166	481	404	56
Cash Growth	11.20%	165.66%	-65.49%	19.06%	621.43%	-13.85%
Accounts Receivable	1,964	1,648	1,859	1,502	1,271	1,428
Other Receivables	132	42	22	6	21	22
Receivables	2,096	1,690	1,881	1,508	1,292	1,450
Inventory	1,942	2,029	2,248	1,855	1,531	1,666
Prepaid Expenses	79	59	42	46	41	62
Total Current Assets	4,385	4,219	4,337	3,890	3,268	3,234
Property, Plant & Equipment	1,436	1,506	1,346	1,185	1,106	1,206
Long-Term Investments	4	4	4	5	2	146
Goodwill	-	122	-	-	-	129
Other Intangible Assets	407	226	173	159	157	186
Long-Term Deferred Tax Assets	7	7	9	13	3	10
Other Long-Term Assets	25	28	32	53	71	79
Total Assets	6,264	6,112	5,901	5,305	4,607	4,990
Accounts Payable	1,870	1,770	1,902	2,098	1,693	1,814
Accrued Expenses	-	397	481	497	396	326
Short-Term Debt	-	-	-	10	31	226
Current Portion of Long-Term Debt	1,078	731	568	58	87	335
Current Portion of Leases	128	130	117	102	103	113
Current Income Taxes Payable	18	54	63	33	21	10
Other Current Liabilities	468	140	130	120	82	71
Total Current Liabilities	3,562	3,222	3,261	2,918	2,413	2,895
Long-Term Debt	427	434	293	120	199	156
Long-Term Leases	281	320	274	203	189	231
Long-Term Deferred Tax Liabilities	152	143	133	101	98	103
Other Long-Term Liabilities	11	11	9	11	12	13
Total Liabilities	4,433	4,130	3,970	3,353	2,911	3,398
Common Stock	736	736	736	736	736	736
Retained Earnings	1,275	1,394	1,376	1,374	1,155	1,035
Comprehensive Income & Other	-227	-198	-181	-158	-195	-179
Total Common Equity	1,784	1,932	1,931	1,952	1,696	1,592
Minority Interest	47	50	-	-	-	-
Shareholders' Equity	1,831	1,982	1,931	1,952	1,696	1,592
Total Liabilities & Equity	6,264	6,112	5,901	5,305	4,607	4,990
Total Debt	1,914	1,615	1,252	493	609	1,061
Net Cash (Debt)	-1,646	-1,174	-1,086	-12	-205	-1,005
Net Cash Per Share	-224.56	-160.18	-148.18	-1.64	-28.05	-137.70
Filing Date Shares Outstanding	7.3	7.3	7.3	7.3	7.3	7.3
Total Common Shares Outstanding	7.3	7.3	7.3	7.3	7.3	7.3
Working Capital	823	997	1,076	972	855	339
Book Value Per Share	244.38	264.54	264.40	267.28	232.38	218.13
Tangible Book Value	1,377	1,584	1,758	1,793	1,539	1,277
Tangible Book Value Per Share	188.63	216.89	240.71	245.51	210.87	174.97
Land	-	1,249	1,208	1,124	1,155	1,164
Machinery	-	562	561	580	605	558
Construction In Progress	-	125	7	116	8	48
Leasehold Improvements	-	59	57	56	76	74

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