Merit Packaging Limited (PSX: MERIT)

Merit Packaging Balance Sheet

Financials in millions PKR. Fiscal year is July - June.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Cash & Equivalents	15.5	21.31	5.65	6.85	3.54	9.34
Cash & Short-Term Investments	15.5	21.31	5.65	6.85	3.54	9.34
Cash Growth	145.25%	277.40%	-17.53%	93.46%	-62.09%	125.47%
Accounts Receivable	1,291	1,196	1,444	1,114	651.6	547.51
Other Receivables	382.33	353.32	369.43	368.12	443.78	446.75
Receivables	1,673	1,550	1,813	1,482	1,095	994.38
Inventory	604.63	567.03	830.14	782.62	623.28	598.6
Prepaid Expenses	-	2.24	1.15	1.61	1.11	1.16
Other Current Assets	172	113.5	63.28	40.46	41.77	40.19
Total Current Assets	2,465	2,254	2,713	2,313	1,765	1,644
Property, Plant & Equipment	3,111	3,062	4,431	2,989	3,028	2,885
Other Intangible Assets	0.13	0.15	0.24	0.41	0.75	0.57
Long-Term Deferred Tax Assets	-	-	-	231.7	176.48	174.09
Other Long-Term Assets	12.25	12.25	12.25	5.02	5.09	10.18
Total Assets	5,588	5,328	7,157	5,539	4,976	4,713
Accounts Payable	1,549	1,175	1,698	1,056	723.35	551.7
Accrued Expenses	22.88	157.23	164.03	56.77	102.75	86.82
Short-Term Debt	715.58	640.31	676.68	698.87	785.5	938.53
Current Portion of Long-Term Debt	93.65	93.65	127.16	210.87	394.04	95.22
Current Portion of Leases	4.93	4.67	-	-	-	11.37
Current Income Taxes Payable	-	-	-	28.61	8.48	-
Current Unearned Revenue	-	-	-	0.29	2.26	1.43
Other Current Liabilities	0.13	0.18	0.69	0.92	1.76	9.14
Total Current Liabilities	2,386	2,071	2,666	2,052	2,018	1,694
Long-Term Debt	174.61	190.46	1,539	1,641	2,408	2,376
Long-Term Leases	138.08	142.39	-	-	-	71.47
Long-Term Unearned Revenue	-	-	-	-	0.53	0.64
Other Long-Term Liabilities	-	-	-	0.01	0.1	0.35
Total Liabilities	2,699	2,404	4,205	3,694	4,426	4,142
Common Stock	2,000	2,000	2,000	2,000	806.28	806.28
Additional Paid-In Capital	298.33	298.33	298.33	298.33	-	-
Retained Earnings	-1,173	-1,138	-2,168	-1,773	-1,599	-1,028
Comprehensive Income & Other	1,764	1,764	2,821	1,321	1,342	793.03
Shareholders' Equity	2,889	2,924	2,952	1,846	549.32	571.29
Total Liabilities & Equity	5,588	5,328	7,157	5,539	4,976	4,713
Total Debt	1,127	1,071	2,342	2,551	3,587	3,492
Net Cash (Debt)	-1,111	-1,050	-2,337	-2,544	-3,584	-3,483
Net Cash Per Share	-5.56	-5.25	-11.69	-17.17	-43.39	-43.20
Filing Date Shares Outstanding	199.96	199.96	199.96	199.96	80.63	80.63
Total Common Shares Outstanding	199.96	199.96	199.96	199.96	80.63	80.63
Working Capital	78.71	182.81	46.86	261.35	-253.05	-50.56
Book Value Per Share	14.45	14.62	14.76	9.23	6.81	7.09
Tangible Book Value	2,889	2,924	2,951	1,845	548.56	570.72
Tangible Book Value Per Share	14.45	14.62	14.76	9.23	6.80	7.08
Land	-	-	1,112	770	770	308
Buildings	-	-	453.5	326.49	315.93	331.67
Machinery	-	4,058	3,874	2,773	2,703	3,047
Construction In Progress	-	115.56	138.07	77.26	23.1	-

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