Saritow Spinning Mills Limited (PSX: SSML)

Saritow Spinning Mills 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	14.85	46.54	47.04	103.52	63.15	157.04
Cash & Short-Term Investments	101.42	46.54	47.04	103.52	63.15	157.04
Cash Growth	-34.09%	-1.06%	-54.56%	63.92%	-59.79%	193.86%
Accounts Receivable	62.01	138.96	241.84	18.91	35.41	149.1
Other Receivables	-	11.43	3.41	-	8.88	38.22
Receivables	62.01	150.39	245.25	18.91	44.29	187.32
Inventory	116.16	451.14	847.05	639.13	877.54	588.51
Prepaid Expenses	-	3.63	4.2	3.14	2.97	2.82
Other Current Assets	15.72	92.62	100.27	109.21	196.32	38.53
Total Current Assets	295.31	744.32	1,244	873.9	1,184	974.23
Property, Plant & Equipment	1,171	1,213	1,271	1,281	1,214	1,256
Long-Term Investments	-	8.14	8.14	7.69	12.75	33.32
Other Long-Term Assets	21.16	13.04	13.04	13.34	13.34	13.34
Total Assets	1,487	1,979	2,536	2,176	2,424	2,277
Accounts Payable	324.39	223.67	248.64	100.49	103.64	95.91
Accrued Expenses	15.97	166.58	190.94	173.72	195.93	159.78
Short-Term Debt	75.93	522.62	548.25	385.77	675.71	517.42
Current Portion of Long-Term Debt	25.95	25.32	44.32	51.62	31.86	41.48
Current Portion of Leases	-	-	-	-	13.36	9.9
Current Income Taxes Payable	27.83	7.49	13.07	3.23	-	-
Current Unearned Revenue	1.18	1.51	2.51	5.31	4.76	-
Other Current Liabilities	0.49	47.34	115.71	125.29	122.92	141.56
Total Current Liabilities	471.74	994.53	1,163	845.42	1,148	966.04
Long-Term Debt	284.18	304.3	329.84	374.14	503.32	452.54
Long-Term Leases	-	-	-	-	-	11.89
Long-Term Unearned Revenue	0.38	0.81	2.1	4.83	2.98	-
Long-Term Deferred Tax Liabilities	189.65	88.82	108.77	119.37	118.63	144.06
Other Long-Term Liabilities	6.01	6.01	6.01	8.16	6.01	6.01
Total Liabilities	985.28	1,504	1,717	1,437	1,863	1,656
Common Stock	298.41	298.41	298.41	298.41	298.41	298.41
Retained Earnings	-406.37	15.19	459.71	379.26	204.59	264.53
Comprehensive Income & Other	609.98	161.49	60.42	61.39	57.76	58.69
Shareholders' Equity	502.01	475.09	818.53	739.05	560.75	621.63
Total Liabilities & Equity	1,487	1,979	2,536	2,176	2,424	2,277
Total Debt	386.05	852.24	922.41	811.53	1,224	1,033
Net Cash (Debt)	-284.63	-805.7	-875.37	-708.02	-1,161	-876.19
Net Cash Per Share	-9.54	-27.00	-29.33	-23.73	-38.91	-29.36
Filing Date Shares Outstanding	29.78	29.89	29.9	29.87	29.84	29.84
Total Common Shares Outstanding	29.78	29.89	29.9	29.87	29.84	29.84
Working Capital	-176.42	-250.21	80.36	28.48	36.09	8.19
Book Value Per Share	16.86	15.90	27.37	24.74	18.79	20.83
Tangible Book Value	502.01	475.09	818.53	739.05	560.75	621.63
Tangible Book Value Per Share	16.86	15.90	27.37	24.74	18.79	20.83
Land	-	101.37	101.37	101.37	99.42	99.42
Buildings	-	339.13	336.66	335.66	326.91	326.91
Machinery	-	2,026	2,002	1,906	1,771	1,754
Construction In Progress	-	-	22.88	76.83	-	-

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