Model Solution Co., Ltd. (KOSDAQ:417970)

Model Solution Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	11,146	11,389	3,664	7,539	12,870	10,048
Short-Term Investments	37,225	36,225	31,829	30,241	3,000	3,000
Cash & Short-Term Investments	48,371	47,614	35,493	37,780	15,870	13,048
Cash Growth	35.47%	34.15%	-6.05%	138.06%	21.63%	30.81%
Accounts Receivable	8,554	9,464	16,188	16,774	6,701	5,906
Other Receivables	37.52	212.36	263.33	348.28	4.69	5.66
Receivables	8,591	9,676	16,452	17,123	6,706	5,912
Inventory	4,669	5,317	4,756	4,288	4,236	2,982
Prepaid Expenses	-	350.35	487.33	400.54	405.89	152.15
Other Current Assets	1,492	466.32	174.02	525.71	607.4	106.29
Total Current Assets	63,124	63,424	57,363	60,118	27,825	22,200
Property, Plant & Equipment	20,697	21,395	23,565	24,068	16,918	16,195
Long-Term Investments	685.28	755.4	768.61	1,051	1,058	934.89
Other Intangible Assets	916.92	941.17	798.64	584.36	606.86	631.07
Long-Term Deferred Tax Assets	1,299	1,350	953.75	773.32	850.27	1,205
Other Long-Term Assets	2,759	2,525	1,664	2,777	917.55	586.35
Total Assets	89,481	90,390	85,113	89,371	48,176	41,752
Accounts Payable	364.75	415.96	387.82	2,231	518.72	438.91
Accrued Expenses	1,688	1,629	1,851	1,665	1,481	1,409
Short-Term Debt	11,400	11,400	-	-	-	11,400
Current Portion of Long-Term Debt	-	-	11,400	-	-	-
Current Portion of Leases	1,465	1,316	1,276	1,033	804.05	604.8
Current Income Taxes Payable	768.27	1,251	-	1,210	1,291	333.61
Other Current Liabilities	5,962	5,651	5,596	7,152	5,279	3,619
Total Current Liabilities	21,649	21,663	20,510	13,290	9,374	17,805
Long-Term Debt	-	-	-	11,400	11,400	-
Long-Term Leases	1,060	1,272	2,573	3,133	66.91	111.67
Long-Term Unearned Revenue	-	-	-	-	-	100
Other Long-Term Liabilities	669.58	647.31	507.98	449.21	558.09	511.33
Total Liabilities	23,379	23,583	23,591	28,272	21,543	19,825
Common Stock	3,198	3,198	3,198	3,198	2,683	938.24
Additional Paid-In Capital	26,598	26,598	26,598	26,598	6.79	1,752
Retained Earnings	34,850	35,617	30,978	31,230	23,923	19,260
Comprehensive Income & Other	1,455	1,394	747.69	73.26	20.39	-22.94
Shareholders' Equity	66,102	66,808	61,522	61,100	26,633	21,927
Total Liabilities & Equity	89,481	90,390	85,113	89,371	48,176	41,752
Total Debt	13,926	13,987	15,249	15,565	12,271	12,116
Net Cash (Debt)	34,446	33,627	20,245	22,215	3,600	931.63
Net Cash Growth	65.91%	66.10%	-8.87%	517.18%	286.37%	-
Net Cash Per Share	5384.89	5256.88	3164.87	3946.49	670.71	173.59
Filing Date Shares Outstanding	6.4	6.4	6.4	6.4	5.37	5.37
Total Common Shares Outstanding	6.4	6.4	6.4	6.4	5.37	5.37
Working Capital	41,475	41,760	36,853	46,828	18,452	4,395
Book Value Per Share	10333.80	10444.10	9617.77	9551.74	4962.70	4085.76
Tangible Book Value	65,185	65,867	60,723	60,515	26,026	21,296
Tangible Book Value Per Share	10190.45	10296.96	9492.91	9460.39	4849.62	3968.17
Land	7,403	7,403	7,403	7,403	7,403	7,403
Buildings	5,769	5,769	5,769	5,817	5,817	5,817
Machinery	23,936	23,909	22,248	20,676	18,980	17,725
Construction In Progress	-	-	70.79	-	-	-

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.