Millat Tractors Limited (PSX: MTL)

Millat Tractors Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Mar 31, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Cash & Equivalents	2,466	1,282	1,755	1,133	1,955	1,040
Short-Term Investments	3.86	-	-	580	140	-
Trading Asset Securities	-	-	-	5,785	-	0.33
Cash & Short-Term Investments	2,470	1,282	1,755	7,497	2,095	1,041
Cash Growth	143.24%	-26.93%	-76.59%	257.85%	101.33%	-87.40%
Accounts Receivable	1,309	651.21	405.42	307.92	221.15	357.96
Other Receivables	6,630	6,267	5,951	4,775	2,264	3,977
Receivables	8,450	6,919	6,361	5,088	2,489	4,340
Inventory	17,751	12,278	9,260	7,075	5,084	4,412
Prepaid Expenses	-	59.35	50.05	58.02	29.29	34.96
Other Current Assets	95.42	446.28	507.82	216.08	131.86	243.35
Total Current Assets	28,766	20,985	17,934	19,935	9,830	10,071
Property, Plant & Equipment	1,959	1,930	1,817	1,849	1,693	1,813
Long-Term Investments	5,665	6,208	3,905	5,906	1,795	1,087
Goodwill	18.57	18.57	18.57	18.57	18.57	18.57
Other Intangible Assets	30.48	36.15	52.51	63.84	62.9	12.3
Long-Term Deferred Tax Assets	-	-	-	-	-	13.64
Other Long-Term Assets	589.99	578.71	429.36	318.74	292.24	508.49
Total Assets	37,039	29,765	24,176	28,094	13,695	13,527
Accounts Payable	9,027	2,989	3,271	2,868	1,972	1,791
Accrued Expenses	3,117	1,685	1,116	803.91	628.52	515.73
Short-Term Debt	7,908	8,643	1,595	530.66	899.18	887.8
Current Portion of Long-Term Debt	436.55	377.54	172.84	280.93	61.15	-
Current Portion of Leases	-	-	-	4.39	3.71	-
Current Income Taxes Payable	1,691	378.16	226.57	372.04	-	-
Current Unearned Revenue	409.65	2,851	6,739	9,947	3,193	2,807
Other Current Liabilities	2,792	822.26	1,064	902.31	818.35	718.91
Total Current Liabilities	25,381	17,746	14,185	15,710	7,576	6,720
Long-Term Debt	845.6	1,045	69.26	227.51	162.28	-
Long-Term Leases	5.71	6.97	-	1.44	9.88	-
Long-Term Unearned Revenue	12.05	13.3	18.11	21.09	14.28	-
Long-Term Deferred Tax Liabilities	1,007	1,164	796.38	938.59	56.88	-
Other Long-Term Liabilities	40.74	34.41	28.72	30.03	26.47	25.58
Total Liabilities	27,315	20,036	15,123	17,013	8,059	6,795
Common Stock	1,918	1,918	968.68	560.58	498.29	442.93
Retained Earnings	4,510	4,427	5,265	5,934	3,885	5,094
Comprensive Income & Other	1,950	2,257	1,735	3,537	401.83	155.62
Total Common Equity	8,378	8,602	7,969	10,032	4,785	5,693
Minority Interest	1,346	1,127	1,085	1,050	851.21	1,038
Shareholders' Equity	9,724	9,729	9,053	11,081	5,636	6,731
Total Liabilities & Equity	37,039	29,765	24,176	28,094	13,695	13,527
Total Debt	9,196	10,073	1,837	1,045	1,136	887.8
Net Cash (Debt)	-6,726	-8,790	-81.87	6,453	958.92	152.85
Net Cash Growth	-	-	-	572.89%	527.38%	-98.09%
Net Cash Per Share	-35.24	-45.83	-0.43	33.64	5.00	0.80
Filing Date Shares Outstanding	176.32	191.8	191.8	191.8	191.8	191.8
Total Common Shares Outstanding	176.32	191.8	191.8	191.8	191.8	191.8
Working Capital	3,385	3,239	3,750	4,225	2,254	3,350
Book Value Per Share	47.52	44.85	41.55	52.30	24.95	29.68
Tangible Book Value	8,329	8,548	7,898	9,949	4,703	5,662
Tangible Book Value Per Share	47.24	44.57	41.18	51.87	24.52	29.52
Land	-	158.56	158.56	158.56	158.56	158.56
Buildings	-	855.48	815.26	798.44	794.39	751.27
Machinery	-	3,505	3,353	3,204	2,958	3,042
Construction In Progress	-	27.18	25.31	49.83	34.43	22.75

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