Cardinal Ethanol, LLC (CRDE)

Cardinal Ethanol, LLC Balance Sheet

Financials in millions USD. Fiscal year is October - September.

Assets

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Cash & Equivalents	34.32	69.86	53.94	25.8	12.95	15.67
Short-Term Investments	-	12.41	-	-	-	-
Cash & Short-Term Investments	34.32	82.27	53.94	25.8	12.95	15.67
Cash Growth	-38.73%	52.52%	109.07%	99.21%	-17.36%	-12.89%
Accounts Receivable	17.91	18.41	12.51	13.39	9.17	12.82
Other Receivables	1.31	0.48	1.11	0.4	0.81	1.38
Receivables	19.22	18.89	13.63	13.79	9.99	14.21
Inventory	40.56	15.1	23.37	26.59	17.32	13.44
Prepaid Expenses	1.49	0.3	0.46	0.21	0.19	0.13
Restricted Cash	10.98	13.43	9.3	8.1	3.96	6.36
Other Current Assets	2.37	0.42	1.33	1.95	1.12	0.31
Total Current Assets	108.94	130.4	102.03	76.44	45.52	50.12
Property, Plant & Equipment	145.08	95.34	85.27	74.24	82.95	86.17
Long-Term Investments	12.23	7.03	1.66	1.26	1.26	1.26
Total Assets	266.25	232.77	188.96	151.94	129.74	137.55

Liabilities

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Accounts Payable	17.37	14.18	16.76	15.51	9.83	13.34
Accrued Expenses	5.32	5.93	3.9	2.11	1.41	2.84
Current Portion of Long-Term Debt	4.18	1.14	-	-	0.28	1.43
Current Portion of Leases	3.48	2.61	3.59	3.13	2.64	-
Current Unearned Revenue	-	-	-	-	0.02	-
Other Current Liabilities	4.03	4.17	3.18	2.99	2.28	1.22
Total Current Liabilities	34.38	28.03	27.43	23.74	16.44	18.82
Long-Term Debt	52.97	29.43	9	-	0.58	5.3
Long-Term Leases	6.69	0.42	3.22	1.71	2.31	-
Other Long-Term Liabilities	2.51	2.36	2.04	1.75	1.45	1.15
Total Liabilities	96.54	60.24	41.69	27.2	20.79	25.27

Shareholders' Equity

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Common Stock	70.91	70.91	70.91	70.91	70.91	70.91
Retained Earnings	98.8	101.63	76.36	53.83	38.04	41.37
Comprehensive Income & Other	-	-0.01	-	-	-	-
Shareholders' Equity	169.71	172.53	147.27	124.74	108.95	112.28
Total Liabilities & Equity	266.25	232.77	188.96	151.94	129.74	137.55

Additional Metrics

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Total Debt	67.32	33.6	15.81	4.84	5.81	6.73
Net Cash (Debt)	-32.99	48.67	38.13	20.96	7.14	8.94
Net Cash Growth	-	27.65%	81.92%	193.43%	-20.15%	-3.25%
Net Cash Per Share	-2258.93	3332.15	2610.30	1434.82	488.99	612.42
Filing Date Shares Outstanding	0.01	0.01	0.01	0.01	0.01	0.01
Total Common Shares Outstanding	0.01	0.01	0.01	0.01	0.01	0.01
Working Capital	74.56	102.37	74.6	52.7	29.08	31.3
Book Value Per Share	11619.08	11812.48	10082.88	8540.16	7459.08	7687.16
Tangible Book Value	169.71	172.53	147.27	124.74	108.95	112.28
Tangible Book Value Per Share	11619.08	11812.48	10082.88	8540.16	7459.08	7687.16
Land	-	22.52	22.52	22.52	22.52	22.51
Buildings	-	8.91	8.91	8.91	8.72	7.02
Machinery	-	163.4	161.14	157.98	158.77	157.11
Construction In Progress	-	42.8	19.62	2.42	0.74	1.03

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2024

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 13, 2026

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