Azure Power Global Limited (AZREF)

Azure Power Global Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	7,469	7,469	12,724	18,796	11,107	9,792
Short-Term Investments	-	-	7	6	-	-
Accounts Receivable	4,623	4,623	5,713	6,041	4,887	4,456
Other Receivables	309	309	221	98	305	236
Inventory	13	13	13	-	-	-
Prepaid Expenses	169	169	255	157	150	149
Restricted Cash	8,271	8,271	7,764	3,784	4,881	4,877
Other Current Assets	6,697	6,697	1,154	1,797	5,036	1,234
Total Current Assets	27,551	27,551	27,851	30,679	26,366	20,744
Property, Plant & Equipment	141,073	141,073	147,985	148,797	113,061	100,427
Other Intangible Assets	9	9	1	8	29	55
Long-Term Investments	457	457	457	96	7	7
Long-Term Deferred Tax Assets	1,766	1,766	1,137	1,920	1,748	2,205
Long-Term Deferred Charges	289	289	305	322	141	511
Long-Term Accounts Receivable	360	360	289	253	223	196
Other Long-Term Assets	8,432	8,432	12,511	8,544	6,890	8,256
Total Assets	179,937	179,937	190,536	190,619	148,465	132,401
Accounts Payable	1,429	1,429	1,504	3,573	4,294	1,795
Accrued Expenses	1,235	1,235	1,267	2,149	1,759	1,984
Short-Term Debt	10,451	10,451	7,840	7,036	8,943	975
Current Portion of Long-Term Debt	35,515	35,515	9,414	9,209	4,658	2,303
Current Unearned Revenue	313	313	308	230	110	110
Current Portion of Leases	316	316	292	300	283	256
Current Income Taxes Payable	183	183	386	181	46	50
Other Current Liabilities	6,112	6,112	5,188	3,936	3,970	1,752
Total Current Liabilities	55,554	55,554	26,199	26,614	24,063	9,225
Long-Term Debt	77,031	77,031	114,191	112,542	89,922	86,586
Long-Term Leases	3,469	3,469	3,408	3,534	3,359	3,592
Long-Term Unearned Revenue	6,518	6,518	6,688	5,417	2,353	2,129
Pension & Post-Retirement Benefits	44	44	39	53	46	29
Long-Term Deferred Tax Liabilities	3,285	3,285	3,338	1,936	2,046	2,622
Other Long-Term Liabilities	1,250	1,250	1,138	947	2,224	1,001
Total Liabilities	147,151	147,151	155,001	151,043	124,013	105,184
Common Stock	3	3	3	3	2	2
Additional Paid-In Capital	56,741	56,741	56,743	56,726	38,004	37,533
Retained Earnings	-20,942	-20,942	-17,597	-15,312	-12,786	-8,580
Comprehensive Income & Other	-3,583	-3,583	-4,239	-2,503	-972	-1,937
Total Common Equity	32,219	32,219	34,910	38,914	24,248	27,018
Minority Interest	567	567	625	662	204	199
Shareholders' Equity	32,786	32,786	35,535	39,576	24,452	27,217
Total Liabilities & Equity	179,937	179,937	190,536	190,619	148,465	132,401
Total Debt	126,782	126,782	135,145	132,621	107,165	93,712
Net Cash (Debt)	-119,313	-119,313	-122,414	-113,819	-96,058	-83,920
Net Cash Per Share	-1859.43	-1859.43	-1907.76	-2237.17	-2002.06	-1949.45
Filing Date Shares Outstanding	64.17	64.17	64.17	50.88	48.2	47.65
Total Common Shares Outstanding	64.17	64.17	64.17	50.88	48.2	47.65
Working Capital	-28,003	-28,003	1,652	4,065	2,303	11,519
Book Value Per Share	502.12	502.12	544.05	764.87	503.11	567.00
Tangible Book Value	32,210	32,210	34,909	38,906	24,219	26,963
Tangible Book Value Per Share	501.98	501.98	544.04	764.72	502.51	565.85
Land	4,262	4,262	3,748	3,224	3,193	2,910
Machinery	149,689	149,689	150,978	135,903	101,550	91,194
Construction In Progress	3,146	3,146	5,723	17,316	10,610	5,526

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