Tree Island Steel Ltd. (TSX:TSL)

Tree Island Steel Balance Sheet

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

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	8.7	20.34	14.98	33.25	1.25
Cash & Short-Term Investments	8.7	20.34	14.98	33.25	1.25
Cash Growth	-57.24%	35.82%	-54.96%	2570.76%	37.27%
Accounts Receivable	26.37	23.75	30.45	38.05	24.82
Other Receivables	6.44	2.18	1.14	-	-
Receivables	32.81	25.92	31.59	38.05	24.82
Inventory	51.96	52.07	57.53	77.51	46.81
Prepaid Expenses	5.43	4.69	5.22	6.79	3.21
Total Current Assets	98.89	103.03	109.32	155.6	76.08
Property, Plant & Equipment	67.3	66.64	65.7	68.93	69.05
Long-Term Deferred Charges	0.08	0.11	0.02	0.04	0.06
Other Long-Term Assets	2.55	2.71	1.3	1.23	1.36
Total Assets	168.82	172.48	176.33	225.81	146.55
Accounts Payable	16.5	15.11	16.94	27.28	17.77
Current Portion of Long-Term Debt	-	-	-	2.82	2.83
Current Portion of Leases	1.43	0.74	2.3	3.55	1.6
Current Income Taxes Payable	-	-	-	18.31	1.38
Other Current Liabilities	0.78	0.81	1.43	2.33	0.67
Total Current Liabilities	18.71	16.66	20.67	54.28	24.24
Long-Term Debt	-	-	-	10.36	38.61
Long-Term Leases	25.52	23.06	23.62	24.29	28.55
Long-Term Deferred Tax Liabilities	5.56	5.16	3.49	3.74	3.58
Other Long-Term Liabilities	0.17	0.22	0.46	0.52	0.49
Total Liabilities	49.96	45.1	48.23	93.19	95.48
Common Stock	226.86	230.37	222.63	234.56	234.76
Retained Earnings	-97.58	-90.51	-94.13	-88.01	-169.73
Comprehensive Income & Other	-10.42	-12.48	-0.4	-13.93	-13.97
Shareholders' Equity	118.86	127.38	128.1	132.62	51.07
Total Liabilities & Equity	168.82	172.48	176.33	225.81	146.55
Total Debt	26.95	23.8	25.91	41.02	71.59
Net Cash (Debt)	-18.26	-3.46	-10.94	-7.77	-70.34
Net Cash Per Share	-0.69	-0.12	-0.39	-0.27	-2.44
Filing Date Shares Outstanding	26.02	27.13	28.23	28.43	28.5
Total Common Shares Outstanding	26.02	27.13	28.29	28.43	28.5
Working Capital	80.18	86.37	88.64	101.32	51.84
Book Value Per Share	4.57	4.70	4.53	4.66	1.79
Tangible Book Value	118.86	127.38	128.1	132.62	51.07
Tangible Book Value Per Share	4.57	4.70	4.53	4.66	1.79
Land	13.34	13.34	13.34	13.34	9.75
Buildings	48.61	47.67	47.33	47.04	46.96
Machinery	49.88	46.54	45.28	43.8	43.03
Construction In Progress	0.47	2.16	0.96	0.41	0.74

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.