Converge Technology Solutions Corp. (TSX:CTS)

TSX:CTS Balance Sheet

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

Assets

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	142.73	170.42	159.89	248.19	64.77
Cash & Short-Term Investments	142.73	170.42	159.89	248.19	64.77
Cash Growth	-16.25%	6.59%	-35.58%	283.21%	214.56%
Accounts Receivable	963.82	762.68	745.25	396.39	353.6
Other Receivables	40.5	40.97	36.43	20.11	10.71
Receivables	1,004	803.65	781.68	416.5	364.31
Inventory	62.94	73.17	158.43	104.25	37.87
Prepaid Expenses	26.98	17.24	23.05	11.76	10.38
Restricted Cash	-	-	5.23	-	-
Other Current Assets	-	9.29	-	-	-
Total Current Assets	1,237	1,074	1,128	780.71	477.32
Property, Plant & Equipment	69.7	75.49	88.35	30.64	23.56
Long-Term Investments	4.8	-	-	-	-
Goodwill	404.71	564.77	563.85	323.28	110.07
Other Intangible Assets	265.88	375.18	463.75	233.59	108.93
Long-Term Accounts Receivable	204.21	64.16	-	-	-
Other Long-Term Assets	-	-	4.65	0.62	0.75
Total Assets	2,186	2,153	2,249	1,369	720.62

Liabilities

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Accounts Payable	1,202	852.45	822.89	517.35	394.72
Accrued Expenses	0.5	1.21	-	-	-
Short-Term Debt	-	-	420.44	-	116.29
Current Portion of Long-Term Debt	0.64	1.7	1.29	0.82	17
Current Portion of Leases	15.06	16.93	15.8	6.86	7.57
Current Income Taxes Payable	-	9.29	7.11	13.98	0.76
Current Unearned Revenue	81.11	59.33	60.21	27.58	17.38
Other Current Liabilities	24.83	37.13	110.16	24.63	17.84
Total Current Liabilities	1,325	978.03	1,438	591.22	571.55
Long-Term Debt	255.46	379.64	1.65	0.41	5.88
Long-Term Leases	29.93	36.69	37.84	10.95	8.04
Long-Term Deferred Tax Liabilities	28.8	67.17	102.98	43.09	12.58
Other Long-Term Liabilities	188.76	79.69	37.69	74.35	20.82
Total Liabilities	1,828	1,541	1,618	720.01	618.87

Shareholders' Equity

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Common Stock	555.52	599.43	595.02	633.49	135.35
Additional Paid-In Capital	16.53	10.97	7.92	2.33	-
Retained Earnings	-241.92	-28.17	-18.44	-25.05	-39.28
Comprehensive Income & Other	28.6	3.96	15.41	2.73	5.67
Total Common Equity	358.74	586.2	599.91	613.49	101.75
Minority Interest	-	25.96	30.9	35.34	-
Shareholders' Equity	358.74	612.16	630.81	648.83	101.75
Total Liabilities & Equity	2,186	2,153	2,249	1,369	720.62

Additional Metrics

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total Debt	301.08	434.96	477.02	19.04	154.77
Net Cash (Debt)	-158.35	-264.54	-317.13	229.16	-90.01
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-0.80	-1.28	-1.47	1.22	-0.87
Filing Date Shares Outstanding	188.61	203.41	208.81	214.9	143.58
Total Common Shares Outstanding	188.61	203.95	208.81	214.4	143.58
Working Capital	-87.6	95.74	-309.63	189.49	-94.23
Book Value Per Share	1.90	2.87	2.87	2.86	0.71
Tangible Book Value	-311.86	-353.75	-427.69	56.62	-117.25
Tangible Book Value Per Share	-1.65	-1.73	-2.05	0.26	-0.82
Land	4.77	3.44	6.96	0.58	-
Buildings	-	-	-	2.31	2.89
Machinery	68.28	52.75	48.85	24.87	16.16
Leasehold Improvements	-	-	-	0.93	0.63
Order Backlog	-	-	479	-	-

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2024

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Apr 23, 2025

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