Sultan Center Food Products Company - K.S.C. (Public) (KWSE: SULTAN)

SULTAN Balance Sheet

Financials in millions KWD. 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	2.73	5.05	7.08	4.22	7.25	13.59
Short-Term Investments	-	-	0.8	1.58	2.78	-
Cash & Short-Term Investments	2.73	5.05	7.88	5.8	10.02	13.59
Cash Growth	-63.76%	-35.96%	35.82%	-42.10%	-26.25%	109.09%
Accounts Receivable	6.28	1.38	2.78	3.66	4.84	3.5
Other Receivables	-	0.77	0.6	1.51	5.23	4.85
Receivables	6.28	2.15	3.38	5.17	10.06	8.35
Inventory	16.38	15.61	15.44	16.88	17.44	15.67
Other Current Assets	6.49	8.88	8.9	9.43	9.24	9.54
Total Current Assets	31.87	31.68	35.6	37.28	46.77	47.14
Property, Plant & Equipment	139.55	142	130.57	130.36	141.37	149.49
Long-Term Investments	93.53	98.85	105.31	137.12	96.09	98.73
Goodwill	-	-	-	-	1.98	1.98
Other Intangible Assets	0.4	0.45	0.56	0.66	0.82	1.05
Other Long-Term Assets	9.79	9.79	15.81	9.8	9.09	10.19
Total Assets	275.13	282.76	287.85	315.22	296.12	308.58
Accounts Payable	71.8	56.99	55.8	51.45	58.48	63.84
Accrued Expenses	0.21	2.32	2.51	3.26	4.08	4.14
Current Portion of Long-Term Debt	8.26	6.7	5.15	6.02	39.03	46.03
Current Portion of Leases	4.51	4.51	4.17	3.41	4.37	5.12
Current Income Taxes Payable	-	-	0.75	0.75	0.75	0.75
Other Current Liabilities	6.79	17.56	23.01	29.24	27.63	23.5
Total Current Liabilities	91.57	88.06	91.39	94.12	134.35	143.37
Long-Term Debt	117.27	119.51	119.23	118.78	86.29	83.65
Long-Term Leases	31.78	33.79	21.51	22.16	25.85	30.69
Other Long-Term Liabilities	-	-	-	-	-	0.67
Total Liabilities	244.75	245.53	236.54	239.78	251.28	263.21
Common Stock	28.94	28.94	28.94	28.94	28.94	57.88
Retained Earnings	7.54	8.5	27.81	25.11	-12.03	-38.9
Treasury Stock	-2.59	-2.59	-2.59	-2.59	-2.59	-2.59
Comprehensive Income & Other	-3.39	2.55	-2.65	24.29	30.55	29.02
Total Common Equity	30.49	37.4	51.51	75.75	44.87	45.42
Minority Interest	-0.11	-0.16	-0.2	-0.31	-0.03	-0.04
Shareholders' Equity	30.39	37.23	51.3	75.44	44.84	45.37
Total Liabilities & Equity	275.13	282.76	287.85	315.22	296.12	308.58
Total Debt	161.82	164.5	150.05	150.37	155.54	165.49
Net Cash (Debt)	-159.09	-159.46	-142.17	-144.56	-145.52	-151.9
Net Cash Per Share	-0.57	-0.57	-0.51	-0.51	-0.52	-0.54
Filing Date Shares Outstanding	279.41	279.41	279.41	279.41	282.28	282.28
Total Common Shares Outstanding	279.41	279.41	279.41	279.41	282.28	282.28
Working Capital	-59.7	-56.39	-55.79	-56.84	-87.58	-96.23
Book Value Per Share	0.11	0.13	0.18	0.27	0.16	0.16
Tangible Book Value	30.09	36.94	50.95	75.09	42.06	42.38
Tangible Book Value Per Share	0.11	0.13	0.18	0.27	0.15	0.15
Land	-	63.43	63.89	63.76	62.44	62.44
Buildings	-	76.24	73.76	74.32	83.44	83.51
Machinery	-	52.57	51.89	51.95	51.5	50.18
Construction In Progress	-	2.36	3.79	1.69	0.61	1.03

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