Saudi Steel Pipes Company (TADAWUL: 1320)

Saudi Steel Pipes Company Balance Sheet

Financials in millions SAR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	101.7	209.17	79.33	99.37	149.05	39.51
Cash & Short-Term Investments	101.7	209.17	79.33	99.37	149.05	39.51
Cash Growth	-48.22%	163.66%	-20.16%	-33.34%	277.29%	49.09%
Accounts Receivable	278.07	89.65	100.5	127.05	143.73	208.98
Other Receivables	7.35	17.22	11.3	1.75	5.04	5.34
Receivables	286.23	106.87	111.8	128.8	148.78	214.32
Inventory	306.8	639.19	254.31	118.23	127.14	150.07
Prepaid Expenses	18.49	8.62	2.93	2.65	2.47	9.31
Total Current Assets	713.22	963.84	448.37	349.04	427.44	413.2
Property, Plant & Equipment	1,046	1,066	459.68	498.51	552.54	581.42
Long-Term Investments	-	-	114.14	104.97	110.19	105.42
Other Intangible Assets	1.93	0.09	0.15	1.99	3.7	2.77
Long-Term Deferred Tax Assets	10.4	11.71	12.86	13.7	11.24	8.7
Total Assets	1,774	2,044	1,038	972.01	1,110	1,119
Accounts Payable	114.82	276.09	148.7	138.76	145.49	168.24
Accrued Expenses	58.76	73.21	32.99	22.89	26.9	24.96
Short-Term Debt	-	-	-	59.45	83.03	-
Current Portion of Long-Term Debt	354.14	386.19	123.97	123.42	204.63	227.46
Current Portion of Leases	1.71	2.34	1.07	1.66	1.12	0.63
Current Income Taxes Payable	11.13	20.03	9.19	2.16	0.65	-
Other Current Liabilities	66.48	170.05	8.39	19.26	4.51	16.57
Total Current Liabilities	607.04	927.91	324.3	367.6	466.33	437.85
Long-Term Debt	80.25	142.28	99.34	44.48	78.63	59.8
Long-Term Leases	7.79	7.92	4.33	5.19	6.87	6.98
Other Long-Term Liabilities	30	30	30	30	30.63	30.65
Total Liabilities	769.63	1,151	487.92	476.8	617.16	590.84
Common Stock	510	510	510	510	510	510
Additional Paid-In Capital	4.51	4.51	4.51	4.51	4.51	4.51
Retained Earnings	295.75	225.38	52.33	-1.88	-2.81	31.67
Treasury Stock	-11.5	-11.5	-11.5	-11.5	-11.5	-11.5
Comprehensive Income & Other	-6.52	-6.52	-4.82	-5.93	-7.01	-6.62
Total Common Equity	792.24	721.87	550.52	495.2	493.18	528.06
Minority Interest	212.12	172	-	-	-	-
Shareholders' Equity	1,004	893.87	550.52	495.2	493.18	528.06
Total Liabilities & Equity	1,774	2,044	1,038	972.01	1,110	1,119
Total Debt	443.89	538.72	228.7	234.19	374.28	294.87
Net Cash (Debt)	-342.19	-329.56	-149.36	-134.82	-225.23	-255.36
Net Cash Per Share	-6.71	-6.46	-2.93	-2.67	-4.46	-5.01
Filing Date Shares Outstanding	50.54	50.54	50.54	50.54	50.54	50.54
Total Common Shares Outstanding	50.54	50.54	50.54	50.54	50.54	50.54
Working Capital	106.18	35.92	124.08	-18.55	-38.89	-24.65
Book Value Per Share	15.67	14.28	10.89	9.80	9.76	10.45
Tangible Book Value	790.32	721.78	550.37	493.21	489.49	525.29
Tangible Book Value Per Share	15.64	14.28	10.89	9.76	9.68	10.39
Land	-	164	157.85	157.85	157.85	157.85
Buildings	-	417.72	207.67	207.88	220.75	246
Machinery	-	1,057	613.31	613.19	633.7	670.87
Construction In Progress	-	235.05	-	0.65	2.72	-

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