Red Star Express Plc (NGX: REDSTAREX)

Red Star Express Balance Sheet

Financials in millions NGN. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	936.9	1,119	589.14	460.34	954.97	1,825
Cash & Short-Term Investments	936.9	1,119	589.14	460.34	954.97	1,825
Cash Growth	94.37%	89.99%	27.98%	-51.79%	-47.68%	249.43%
Accounts Receivable	2,609	2,416	2,612	2,369	2,074	2,282
Other Receivables	1,866	-97.94	16.42	33.26	1,118	0.99
Receivables	4,475	2,385	2,697	2,480	3,192	2,283
Inventory	94.05	70.64	98.03	91.71	66.54	51.65
Prepaid Expenses	204.3	184.37	183.08	78.57	275.26	114.75
Other Current Assets	-	1,849	1,333	1,308	-	1,101
Total Current Assets	5,710	5,608	4,899	4,419	4,489	5,376
Property, Plant & Equipment	3,466	3,355	3,330	3,035	2,834	1,689
Long-Term Investments	2.17	2.17	0.87	1.7	2.33	0.4
Other Intangible Assets	5.13	9.97	25.75	45.35	45.23	61.29
Other Long-Term Assets	291.54	268.77	401.94	251.47	168.34	201
Total Assets	9,475	9,244	8,658	7,752	7,539	7,328
Accounts Payable	1,423	1,145	1,852	1,092	763.37	858.48
Accrued Expenses	2,197	2,119	1,032	1,311	1,193	1,010
Short-Term Debt	-	-	-	-	-	44.25
Current Portion of Long-Term Debt	104.55	262.43	138.42	104.57	104.57	-
Current Portion of Leases	24.89	27.05	27.38	21.5	123.64	122.48
Current Income Taxes Payable	74.03	124.48	204.26	227.53	176.23	332.14
Other Current Liabilities	561.64	440.56	308.6	319.96	358.25	275.1
Total Current Liabilities	4,385	4,118	3,563	3,076	2,719	2,643
Long-Term Debt	162.63	167.38	183.18	274.77	379.81	-
Long-Term Leases	44.33	47.66	55.14	68.47	56.79	126.89
Long-Term Deferred Tax Liabilities	236.61	236.61	278.75	139.42	150.18	181.92
Total Liabilities	4,829	4,570	4,080	3,559	3,306	2,951
Common Stock	477.21	477.21	477.21	477.21	463.18	463.18
Additional Paid-In Capital	1,516	1,516	1,516	1,516	1,437	1,437
Retained Earnings	2,652	2,679	2,585	2,200	2,331	2,476
Comprehensive Income & Other	1.64	1.64	0.33	1.16	1.79	-0.14
Shareholders' Equity	4,646	4,674	4,578	4,194	4,233	4,376
Total Liabilities & Equity	9,475	9,244	8,658	7,752	7,539	7,328
Total Debt	336.39	504.52	404.13	469.31	664.81	293.61
Net Cash (Debt)	600.51	614.78	185.01	-8.97	290.16	1,532
Net Cash Growth	233.71%	232.29%	-	-	-81.05%	284.80%
Net Cash Per Share	0.63	0.64	0.19	-0.01	0.30	2.21
Filing Date Shares Outstanding	954.42	954.42	954.42	954.45	954.42	954.42
Total Common Shares Outstanding	954.42	954.42	954.42	954.45	954.42	954.42
Working Capital	1,325	1,490	1,337	1,343	1,770	2,734
Book Value Per Share	4.87	4.90	4.80	4.39	4.44	4.59
Tangible Book Value	4,641	4,664	4,552	4,148	4,188	4,315
Tangible Book Value Per Share	4.86	4.89	4.77	4.35	4.39	4.52
Land	554.13	554.13	554.13	553.73	519.11	439.28
Buildings	536.67	536.67	536.67	532.56	511.17	482.6
Machinery	4,482	4,499	4,113	3,779	3,393	2,382
Construction In Progress	1,276	1,044	909.46	458.23	255.19	46.83

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