Global Education Communities Corp. (TSX:GEC)

Accolade 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	May 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Cash & Equivalents	1.09	2.13	3.39	9.72	18.34	23.03
Cash & Short-Term Investments	1.09	2.13	3.39	9.72	18.34	23.03
Cash Growth	-64.60%	-37.15%	-65.12%	-46.97%	-20.37%	51.38%
Accounts Receivable	22.45	8.32	9.38	8.92	11.82	14.38
Other Receivables	3.37	5.1	4.84	4.51	27.19	1.29
Receivables	25.82	17.16	17.96	17.17	47.1	26.21
Inventory	0.84	0.93	0.97	0.84	0.85	0.66
Prepaid Expenses	1.85	1.24	1.4	3.95	2.91	4.16
Restricted Cash	0.33	2.75	2.7	2.11	0.74	0.24
Other Current Assets	-	-	-	-	-	0.5
Total Current Assets	29.92	24.21	26.41	33.79	69.94	54.79
Property, Plant & Equipment	12.84	14.65	67.86	69.96	70.31	71.03
Long-Term Investments	38.84	-	-	-	-	-
Goodwill	5.22	5.22	5.52	5.52	5.52	5.84
Other Intangible Assets	6.25	6.29	6.59	7.53	7.2	7.47
Long-Term Deferred Tax Assets	5.14	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	319.65	420.15	386.85	357.33	363.66	310.56
Total Assets	418.72	475.21	497.68	477.73	519.04	452.77
Accounts Payable	20.74	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	4.43	3.29	2	2.11	2.47	1.05
Current Portion of Long-Term Debt	69.34	80.8	118.07	180.8	154.54	117.69
Current Portion of Leases	6.34	5.27	2.88	4.19	3.89	3.97
Current Income Taxes Payable	0.71	0.49	0.45	0.27	0.18	1.5
Current Unearned Revenue	20.88	21.8	23.5	22.25	27.83	22.64
Other Current Liabilities	-	6.49	8.33	5.31	4.94	4.49
Total Current Liabilities	122.44	126.04	163.7	226.23	204.83	160.92
Long-Term Debt	124.48	166.97	149.81	67.76	87.36	86.31
Long-Term Leases	26.5	31.07	9.64	10.81	12.28	13.48
Long-Term Deferred Tax Liabilities	9.53	9.2	11.39	10.9	10.99	11.48
Total Liabilities	282.94	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	-29.21	-27.41	-28.51	-24.6	-2.84	-4.62
Treasury Stock	-	-	-	-	-0.15	-0.72
Comprehensive Income & Other	7.9	7.65	7.49	6.91	7.22	7.07
Total Common Equity	23.66	25.21	23.99	27.87	50.8	51.27
Minority Interest	112.12	116.72	139.15	134.16	152.79	129.31
Shareholders' Equity	135.78	141.93	163.14	162.03	203.58	180.58
Total Liabilities & Equity	418.72	475.21	497.68	477.73	519.04	452.77
Total Debt	231.08	287.41	282.4	265.67	260.54	222.51
Net Cash (Debt)	-229.99	-285.28	-279.01	-255.95	-242.2	-199.48
Net Cash Per Share	-3.41	-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	-92.52	-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	12.19	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.