Global Education Communities Corp. (TSX:GEC)

TSX:GEC Balance Sheet

Financials in millions CAD. Fiscal year is September - August.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb 28, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Cash & Equivalents	1.14	2.13	3.39	9.72	18.34	23.03
Cash & Short-Term Investments	1.14	2.13	3.39	9.72	18.34	23.03
Cash Growth	-79.48%	-37.15%	-65.12%	-46.97%	-20.37%	51.38%
Accounts Receivable	15.73	8.32	9.38	8.92	11.82	14.38
Other Receivables	3.55	5.1	4.84	4.51	27.19	1.29
Receivables	19.28	17.16	17.96	17.17	47.1	26.21
Inventory	0.97	0.93	0.97	0.84	0.85	0.66
Prepaid Expenses	1.79	1.24	1.4	3.95	2.91	4.16
Restricted Cash	0.68	2.75	2.7	2.11	0.74	0.24
Other Current Assets	-	-	-	-	-	0.5
Total Current Assets	23.86	24.21	26.41	33.79	69.94	54.79
Property, Plant & Equipment	13.38	14.65	67.86	69.96	70.31	71.03
Long-Term Investments	18.49	-	-	-	-	-
Goodwill	5.22	5.22	5.52	5.52	5.52	5.84
Other Intangible Assets	6.26	6.29	6.59	7.53	7.2	7.47
Long-Term Deferred Tax Assets	4.65	3.83	3.59	2.23	1.02	1.63
Long-Term Deferred Charges	0.87	0.87	0.87	1.38	1.39	1.45
Other Long-Term Assets	371.33	420.15	386.85	357.33	363.66	310.56
Total Assets	444.06	475.21	497.68	477.73	519.04	452.77
Accounts Payable	17.85	4.83	4.94	7.33	6.8	4.71
Accrued Expenses	-	3.07	3.54	3.97	4.19	4.86
Short-Term Debt	5.1	3.29	2	2.11	2.47	1.05
Current Portion of Long-Term Debt	143.65	80.8	118.07	180.8	154.54	117.69
Current Portion of Leases	6.22	5.27	2.88	4.19	3.89	3.97
Current Income Taxes Payable	0.69	0.49	0.45	0.27	0.18	1.5
Current Unearned Revenue	21.3	21.8	23.5	22.25	27.83	22.64
Other Current Liabilities	0.97	6.49	8.33	5.31	4.94	4.49
Total Current Liabilities	195.79	126.04	163.7	226.23	204.83	160.92
Long-Term Debt	76.43	166.97	149.81	67.76	87.36	86.31
Long-Term Leases	27.92	31.07	9.64	10.81	12.28	13.48
Long-Term Deferred Tax Liabilities	9.24	9.2	11.39	10.9	10.99	11.48
Total Liabilities	309.38	333.28	334.55	315.7	315.46	272.19
Common Stock	44.97	44.97	45	45.57	46.57	49.53
Retained Earnings	-29.06	-27.41	-28.51	-24.6	-2.84	-4.62
Treasury Stock	-	-	-	-	-0.15	-0.72
Comprehensive Income & Other	7.82	7.65	7.49	6.91	7.22	7.07
Total Common Equity	23.73	25.21	23.99	27.87	50.8	51.27
Minority Interest	110.95	116.72	139.15	134.16	152.79	129.31
Shareholders' Equity	134.68	141.93	163.14	162.03	203.58	180.58
Total Liabilities & Equity	444.06	475.21	497.68	477.73	519.04	452.77
Total Debt	259.32	287.41	282.4	265.67	260.54	222.51
Net Cash (Debt)	-258.19	-285.28	-279.01	-255.95	-242.2	-199.48
Net Cash Per Share	-3.83	-4.23	-4.13	-3.73	-3.38	-2.69
Filing Date Shares Outstanding	67.44	67.44	67.47	67.56	69.77	73.09
Total Common Shares Outstanding	67.44	67.44	67.47	67.73	69.77	73.09
Working Capital	-171.93	-101.83	-137.3	-192.44	-134.89	-106.13
Book Value Per Share	0.35	0.37	0.36	0.41	0.73	0.70
Tangible Book Value	12.25	13.7	11.88	14.83	38.08	37.97
Tangible Book Value Per Share	0.18	0.20	0.18	0.22	0.55	0.52
Land	-	-	56.88	56.88	56.88	56.88
Machinery	-	6.2	6	5.55	4.91	8.72
Leasehold Improvements	-	3.99	3.91	3.9	3.95	3.47

Updated Jan 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.