Secure Energy Services Inc. (TSX: SES)

Secure Energy Services Balance Sheet

Financials in millions CAD. 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	19	12	12	10	7	8.85
Cash & Short-Term Investments	19	12	12	10	7	8.85
Cash Growth	-50.00%	0%	20.00%	42.86%	-20.94%	11.68%
Accounts Receivable	430	340	321	267	105	172.69
Other Receivables	-	17	128	78	39	55.78
Receivables	430	357	449	345	144	228.47
Inventory	122	144	100	100	48	65.16
Prepaid Expenses	14	14	15	11	9	11.97
Other Current Assets	-	663	-	-	-	-
Total Current Assets	585	1,190	576	466	208	314.45
Property, Plant & Equipment	1,266	1,271	1,584	1,717	1,139	1,282
Goodwill	204	199	351	349	11	11.13
Other Intangible Assets	89	68	163	180	18	39.67
Long-Term Deferred Tax Assets	-	89	150	217	-	-
Other Long-Term Assets	42	27	16	8	-	-
Total Assets	2,186	2,844	2,840	2,937	1,376	1,648
Accounts Payable	460	345	404	272	142	185.88
Accrued Expenses	-	3	2	11	2	3.3
Current Portion of Leases	26	27	28	27	10	18.03
Current Income Taxes Payable	19	-	-	-	-	-
Other Current Liabilities	12	97	25	23	3	3.06
Total Current Liabilities	517	472	459	333	157	210.27
Long-Term Debt	385	966	919	1,207	399	453.41
Long-Term Leases	97	109	84	82	25	31.3
Long-Term Deferred Tax Liabilities	3	-	-	-	26	48.69
Other Long-Term Liabilities	131	111	112	209	52	91.33
Total Liabilities	1,133	1,658	1,574	1,831	659	835.01
Common Stock	908	1,517	1,676	1,670	1,038	1,018
Retained Earnings	60	-412	-490	-636	-426	-326.62
Comprehensive Income & Other	85	81	80	72	75	88.32
Total Common Equity	1,053	1,186	1,266	1,106	687	779.69
Minority Interest	-	-	-	-	30	32.95
Shareholders' Equity	1,053	1,186	1,266	1,106	717	812.64
Total Liabilities & Equity	2,186	2,844	2,840	2,937	1,376	1,648
Total Debt	508	1,102	1,031	1,316	434	502.75
Net Cash (Debt)	-489	-1,090	-1,019	-1,306	-427	-493.89
Net Cash Per Share	-1.80	-3.64	-3.25	-5.58	-2.69	-3.05
Filing Date Shares Outstanding	236.6	280.06	305.28	308.76	159.57	157.45
Total Common Shares Outstanding	236.85	287.63	309.38	308.16	158.7	156.46
Working Capital	68	718	117	133	51	104.19
Book Value Per Share	4.45	4.12	4.09	3.59	4.33	4.98
Tangible Book Value	760	919	752	577	658	728.89
Tangible Book Value Per Share	3.21	3.20	2.43	1.87	4.15	4.66
Land	-	226	286	291	155	154.49
Machinery	-	2,211	2,417	2,418	1,676	1,649
Construction In Progress	-	37	45	33	19	53.8

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