Aradel Holdings Plc (NGX: ARADEL)

Aradel Holdings Balance Sheet

Financials in millions NGN. 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	479,157	194,619	60,709	12,808	5,108	7,709
Cash & Short-Term Investments	479,157	194,619	60,709	12,808	5,108	7,709
Cash Growth	238.21%	220.58%	373.99%	150.76%	-33.74%	-43.36%
Accounts Receivable	16,194	51,432	17,538	4,859	5,248	8,685
Other Receivables	2,209	2,091	233.07	84.62	1,740	169.19
Receivables	18,403	53,523	31,543	18,617	18,966	17,838
Inventory	47,808	15,973	9,371	4,954	3,420	2,052
Prepaid Expenses	279.43	82.61	99.32	205.01	291.81	178.63
Other Current Assets	1,554	312.8	352.06	-	-	-
Total Current Assets	547,202	264,510	102,074	36,584	27,786	27,778
Property, Plant & Equipment	684,883	383,428	223,695	195,809	162,335	123,285
Long-Term Investments	514,633	274,285	134,385	118,844	100,730	76,037
Other Intangible Assets	1,420	1,212	467.55	779.67	29.78	51.56
Long-Term Deferred Tax Assets	-	-	12,760	25,417	12,097	9,395
Total Assets	1,748,138	923,435	473,382	377,433	302,979	236,546
Accounts Payable	22,818	19,827	8,622	7,379	7,993	4,622
Accrued Expenses	23,267	27,719	11,293	6,745	3,912	3,588
Current Portion of Long-Term Debt	30,421	17,622	17,725	7,666	7,161	5,561
Current Income Taxes Payable	51,430	14,422	4,510	2,705	345.79	1,314
Current Unearned Revenue	1,034	1,772	-	-	-	-
Other Current Liabilities	17,539	9,531	3,953	3,010	2,211	2,141
Total Current Liabilities	146,508	90,892	46,104	27,506	21,623	17,227
Long-Term Debt	47,584	44,350	36,023	13,544	19,074	17,487
Long-Term Deferred Tax Liabilities	80,236	18,386	-	-	-	-
Other Long-Term Liabilities	119,351	65,161	64,490	45,149	21,951	17,301
Total Liabilities	393,680	218,790	146,616	86,199	62,648	52,015
Common Stock	2,172	2,172	2,172	2,172	2,172	2,172
Additional Paid-In Capital	22,820	22,820	22,820	22,820	22,820	22,820
Retained Earnings	282,470	209,029	170,403	160,420	132,477	119,362
Comprehensive Income & Other	1,037,667	464,878	129,767	104,339	81,523	39,192
Total Common Equity	1,345,129	698,899	325,162	289,751	238,992	183,546
Minority Interest	9,329	5,745	1,604	1,483	1,340	985.47
Shareholders' Equity	1,354,458	704,645	326,766	291,234	240,331	184,532
Total Liabilities & Equity	1,748,138	923,435	473,382	377,433	302,979	236,546
Total Debt	78,005	61,972	53,748	21,210	26,235	23,048
Net Cash (Debt)	401,152	132,647	6,961	-8,402	-21,127	-15,339
Net Cash Growth	393.69%	1805.57%	-	-	-	-
Net Cash Per Share	1846.57	610.59	32.04	-38.68	-97.25	-70.61
Filing Date Shares Outstanding	4,345	217.24	217.24	217.24	217.24	217.24
Total Common Shares Outstanding	4,345	217.24	217.24	217.24	217.24	217.24
Working Capital	400,694	173,618	55,971	9,078	6,164	10,551
Book Value Per Share	309.59	3217.14	1496.77	1333.77	1100.12	844.89
Tangible Book Value	1,343,709	697,687	324,694	288,971	238,962	183,495
Tangible Book Value Per Share	309.27	3211.56	1494.62	1330.18	1099.98	844.65
Land	-	3,055	569	569	569	569
Buildings	-	3,425	976.75	976.75	976.03	976.03
Machinery	-	12,402	5,902	5,231	4,476	3,191

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