Ratos AB (publ) (LON:0KBQ)

Ratos AB Balance Sheet

Financials in millions SEK. 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	891	2,186	2,360	2,532	2,230	2,826
Cash & Short-Term Investments	891	2,186	2,360	2,532	2,230	2,826
Cash Growth	-57.99%	-7.37%	-6.79%	13.54%	-21.09%	-12.21%
Accounts Receivable	1,990	3,694	4,002	4,949	3,226	2,569
Other Receivables	1,489	1,096	1,236	793	314	250
Receivables	3,479	4,790	5,238	5,742	3,540	2,819
Inventory	1,596	1,851	1,868	2,477	1,903	1,075
Prepaid Expenses	-	393	464	652	311	274
Other Current Assets	1	12	5	8	14	6,459
Total Current Assets	5,967	9,232	9,935	11,411	7,998	13,453
Property, Plant & Equipment	4,429	5,156	6,433	6,825	6,509	5,875
Long-Term Investments	5,184	3,426	3,246	1,581	2,074	1,010
Goodwill	11,910	14,286	14,047	14,811	10,028	6,958
Other Intangible Assets	1,611	1,785	1,931	2,096	1,390	1,123
Long-Term Deferred Tax Assets	567	555	477	357	303	156
Other Long-Term Assets	-1	96	60	94	83	63
Total Assets	29,667	34,536	36,129	37,175	28,385	28,638
Accounts Payable	-	2,676	2,803	2,916	2,430	1,843
Accrued Expenses	-	1,651	1,437	1,377	1,003	823
Current Portion of Long-Term Debt	978	586	340	801	102	1,158
Current Portion of Leases	-	804	948	916	740	410
Current Income Taxes Payable	-	304	188	182	163	112
Current Unearned Revenue	-	2,398	2,407	1,750	723	859
Other Current Liabilities	3,622	1,969	1,628	1,613	1,316	4,747
Total Current Liabilities	4,600	10,388	9,751	9,555	6,477	9,952
Long-Term Debt	3,476	4,412	4,691	6,564	2,424	2,016
Long-Term Leases	3,487	3,201	4,450	4,754	4,767	4,744
Long-Term Unearned Revenue	-	4	6	7	6	3
Pension & Post-Retirement Benefits	69	68	65	60	76	86
Long-Term Deferred Tax Liabilities	344	708	801	742	440	275
Other Long-Term Liabilities	402	1,003	1,914	1,705	868	281
Total Liabilities	12,378	19,784	21,678	23,387	15,058	17,357
Common Stock	15,182	1,031	1,029	1,027	1,023	1,021
Additional Paid-In Capital	-	439	421	408	431	417
Retained Earnings	-	10,869	11,123	10,740	10,703	8,417
Comprehensive Income & Other	-	-69	-259	114	-217	-489
Total Common Equity	15,182	12,270	12,314	12,289	11,940	9,366
Minority Interest	2,107	2,482	2,137	1,499	1,387	1,915
Shareholders' Equity	17,289	14,752	14,451	13,788	13,327	11,281
Total Liabilities & Equity	29,667	34,536	36,129	37,175	28,385	28,638
Total Debt	7,941	9,003	10,429	13,035	8,033	8,328
Net Cash (Debt)	-7,050	-6,817	-8,069	-10,503	-5,803	-5,502
Net Cash Per Share	-21.33	-20.83	-24.47	-32.17	-17.78	-17.14
Filing Date Shares Outstanding	327.39	327.39	326.52	325.9	324.68	319.01
Total Common Shares Outstanding	327.39	327.39	326.52	325.9	324.68	319.01
Working Capital	1,367	-1,156	184	1,856	1,521	3,501
Book Value Per Share	46.37	37.48	37.71	37.71	36.78	29.36
Tangible Book Value	1,661	-3,801	-3,664	-4,618	522	1,285
Tangible Book Value Per Share	5.07	-11.61	-11.22	-14.17	1.61	4.03
Land	-	1,033	1,087	1,113	952	806
Machinery	-	3,928	3,778	3,480	2,988	2,549
Construction In Progress	-	91	51	211	211	271
Order Backlog	-	27,300	24,400	-	-	-

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