Solaer Renewable Energies Ltd (TLV: SOLR)

Solaer Renewable Energies Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	124.29	152.58	69.62	48.53	23.29	1.74
Accounts Receivable	16.88	8.17	12.28	4.93	2.64	0.91
Other Receivables	51.06	13.87	20.63	27.74	9.98	1.36
Prepaid Expenses	-	3.07	3.33	1.18	7.13	0.5
Loans Receivable Current	-	-	-	-	4	-
Other Current Assets	162.17	93.17	31.56	15.47	18.37	4.51
Total Current Assets	354.41	270.85	137.42	97.86	65.42	9.02
Property, Plant & Equipment	1,107	911.74	817.8	602.58	371.49	46.78
Goodwill	1.27	1.22	1.14	1.07	1.22	-
Long-Term Investments	14.83	5.89	0.32	1.13	-	2.91
Long-Term Loans Receivable	21.67	13.17	9.63	5.84	5.44	1.32
Long-Term Deferred Tax Assets	8.07	6.68	2.45	0.48	4.37	2.87
Long-Term Accounts Receivable	12.36	12.49	12.64	12.71	12.85	17.05
Other Long-Term Assets	73.04	51.65	52.95	51.94	1.58	0.12
Total Assets	1,593	1,274	1,034	773.61	462.38	80.06
Accounts Payable	24.84	9.22	4.75	11.09	33.41	1.22
Accrued Expenses	-	7.65	8.98	8.74	2.3	1.85
Short-Term Debt	-	0.78	1.58	0.59	1.99	-
Current Portion of Long-Term Debt	86.12	63.52	47.02	123.38	5.19	0.05
Current Portion of Leases	11.68	10.07	9.02	7.08	1.53	0.8
Current Income Taxes Payable	-	-	-	-	-	0.08
Other Current Liabilities	60.61	5.49	3.62	9.62	11.17	2.54
Total Current Liabilities	183.25	96.73	74.97	160.5	55.57	6.53
Long-Term Debt	904.93	727.47	604.26	287.81	249.51	62.85
Long-Term Leases	149.04	133.07	125.3	90.57	57.53	10.7
Long-Term Deferred Tax Liabilities	59.16	53.19	44.12	33.31	41.82	3.35
Other Long-Term Liabilities	0.94	0.88	0.88	1.75	0.58	0.85
Total Liabilities	1,297	1,011	849.54	573.93	405.01	84.28
Additional Paid-In Capital	238.32	238.32	168.94	165.79	-	-
Retained Earnings	-18.09	-71.04	-64.94	-37.47	-12.21	-30.27
Comprehensive Income & Other	81.1	83.18	54.98	36.54	24.15	25.54
Total Common Equity	301.33	250.46	158.98	164.86	11.94	-4.73
Minority Interest	-6.03	11.89	25.82	34.82	45.43	0.52
Shareholders' Equity	295.3	262.35	184.8	199.68	57.37	-4.21
Total Liabilities & Equity	1,593	1,274	1,034	773.61	462.38	80.06
Total Debt	1,152	934.92	787.18	509.43	315.74	74.4
Net Cash (Debt)	-1,027	-782.34	-717.56	-460.91	-292.45	-72.65
Net Cash Per Share	-65.04	-56.49	-51.68	-35.40	-29.25	-7.27
Filing Date Shares Outstanding	16.41	16.41	13.81	13.95	10	10
Total Common Shares Outstanding	16.41	16.41	13.81	13.95	10	10
Working Capital	171.17	174.13	62.45	-62.64	9.84	2.49
Book Value Per Share	18.36	15.26	11.51	11.82	1.19	-
Tangible Book Value	300.06	249.24	157.84	163.78	10.73	-4.73
Tangible Book Value Per Share	18.28	15.19	11.43	11.74	1.07	-
Machinery	-	436.51	376.85	131.9	39.1	36.55
Construction In Progress	-	365.99	321.5	374.95	271.62	-

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