Dangote Cement Plc (NGX: DANGCEM)

Dangote Cement 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	531,251	447,097	283,843	339,843	145,835	123,903
Cash & Short-Term Investments	531,251	447,097	283,843	339,843	145,835	123,903
Cash Growth	37.89%	57.52%	-16.48%	133.03%	17.70%	-25.76%
Accounts Receivable	380,445	303,794	184,698	156,115	126,058	105,848
Other Receivables	86,524	53,536	26,361	34,567	34,676	30,221
Receivables	470,846	419,253	355,728	241,235	232,686	138,017
Inventory	754,371	428,875	257,850	184,260	143,132	129,851
Prepaid Expenses	14,802	9,221	3,836	3,707	10,757	3,058
Other Current Assets	252,831	104,568	122,204	103,997	17,728	12,999
Total Current Assets	2,024,101	1,409,014	1,023,461	873,042	550,138	407,828
Property, Plant & Equipment	3,394,658	2,434,847	1,550,844	1,491,425	1,403,281	1,218,705
Long-Term Investments	2,607	2,607	2,580	6,528	5,711	4,961
Other Intangible Assets	19,477	12,356	6,225	5,122	4,554	3,663
Long-Term Accounts Receivable	8,844	14,656	17,085	5,980	9,846	11,285
Long-Term Deferred Tax Assets	37,126	25,933	14,193	5,163	11,708	44,768
Other Long-Term Assets	49,230	39,312	1,267	4,759	37,213	51,233
Total Assets	5,536,043	3,938,725	2,615,655	2,392,019	2,022,451	1,742,443
Accounts Payable	612,011	373,787	192,826	253,778	139,558	97,213
Accrued Expenses	243,085	157,019	84,713	84,186	71,158	66,652
Short-Term Debt	571,802	64,195	156,692	137,250	172,186	179,053
Current Portion of Long-Term Debt	777,380	560,061	235,686	264,143	162,825	81,578
Current Portion of Leases	7,288	4,099	1,713	2,187	2,073	1,409
Current Income Taxes Payable	164,200	174,287	167,971	153,385	59,781	49,932
Current Unearned Revenue	175,916	157,719	110,285	94,881	69,263	59,254
Other Current Liabilities	235,846	121,465	71,799	86,673	152,973	96,795
Total Current Liabilities	2,787,528	1,612,632	1,021,685	1,076,483	829,817	631,886
Long-Term Debt	326,488	388,364	333,498	176,562	158,908	107,279
Long-Term Leases	29,471	16,505	8,057	8,019	7,772	7,447
Long-Term Unearned Revenue	1,002	510	320	636	374	369
Long-Term Deferred Tax Liabilities	176,726	161,483	154,026	135,003	122,980	93,841
Other Long-Term Liabilities	39,349	21,200	10,575	8,428	8,049	3,684
Total Liabilities	3,374,159	2,212,885	1,536,708	1,408,350	1,131,481	844,506
Common Stock	8,520	8,520	8,520	8,520	8,520	8,520
Additional Paid-In Capital	42,430	42,430	42,430	42,430	42,430	42,430
Retained Earnings	846,093	1,098,626	969,478	868,274	779,271	776,839
Treasury Stock	-86,579	-86,579	-45,156	-9,833	-9,833	-
Comprehensive Income & Other	1,289,360	628,037	79,097	55,979	55,558	58,851
Total Common Equity	2,099,824	1,691,034	1,054,369	965,370	875,946	886,640
Minority Interest	62,060	34,806	24,578	18,299	15,024	11,297
Shareholders' Equity	2,161,884	1,725,840	1,078,947	983,669	890,970	897,937
Total Liabilities & Equity	5,536,043	3,938,725	2,615,655	2,392,019	2,022,451	1,742,443
Total Debt	1,712,429	1,033,224	735,646	588,161	503,764	376,766
Net Cash (Debt)	-1,181,178	-586,127	-451,803	-248,318	-357,929	-252,863
Net Cash Per Share	-70.51	-34.85	-26.77	-14.61	-21.01	-14.84
Filing Date Shares Outstanding	16,752	16,752	16,874	17,000	17,000	17,041
Total Common Shares Outstanding	16,752	16,752	16,874	17,000	17,000	17,041
Working Capital	-763,427	-203,618	1,776	-203,441	-279,679	-224,058
Book Value Per Share	125.35	100.94	62.49	56.79	51.53	52.03
Tangible Book Value	2,080,347	1,678,678	1,048,144	960,248	871,392	882,977
Tangible Book Value Per Share	124.18	100.21	62.12	56.48	51.26	51.82
Land	81,800	-	-	-	-	-
Buildings	792,958	501,389	276,760	-	-	-
Machinery	4,100,091	3,092,543	1,900,358	1,507,785	1,452,640	1,281,361
Construction In Progress	516,679	259,318	198,327	378,939	269,306	204,165
Leasehold Improvements	-	84,710	44,387	281,115	261,999	224,329

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