Borealis Foods Inc. (BRLS)

Borealis Foods Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	3.13	7.62	5.15	2.91
Cash & Short-Term Investments	3.13	7.62	5.15	2.91
Cash Growth	-75.39%	47.97%	77.14%	-
Accounts Receivable	2.55	1.78	2.59	1.13
Other Receivables	-	-	-	1
Receivables	2.55	1.78	2.59	2.13
Inventory	7.66	6.95	6.28	6.1
Prepaid Expenses	1.81	0.85	1.82	0.44
Total Current Assets	15.15	17.18	15.84	11.57
Property, Plant & Equipment	46.15	46.52	46.84	43.85
Goodwill	1.92	1.92	1.92	1.92
Other Long-Term Assets	0.17	0.17	0.17	0.05
Total Assets	63.59	65.79	64.77	57.38
Accounts Payable	6.86	10.89	8.71	7.25
Short-Term Debt	15.43	7.83	-	-
Current Portion of Long-Term Debt	5.77	47.98	25.43	3.19
Current Portion of Leases	0.6	0.61	0.55	-
Other Current Liabilities	-	-	8.33	6.95
Total Current Liabilities	28.66	67.3	43.02	17.38
Long-Term Debt	22.01	16.51	13	10
Long-Term Leases	1.46	1.75	2.19	-
Long-Term Deferred Tax Liabilities	1.57	1.57	1.92	1.92
Total Liabilities	53.69	87.13	60.13	29.3
Additional Paid-In Capital	90.1	44.12	42.63	39.79
Retained Earnings	-80.19	-65.47	-37.99	-11.7
Shareholders' Equity	9.9	-21.35	4.64	28.08
Total Liabilities & Equity	63.59	65.79	64.77	57.38
Total Debt	45.26	74.68	41.18	13.19
Net Cash (Debt)	-42.13	-67.06	-36.03	-10.28
Net Cash Per Share	-1.97	-0.41	-0.22	-
Filing Date Shares Outstanding	21.38	163.46	162.35	-
Total Common Shares Outstanding	21.38	163.46	162.35	-
Working Capital	-13.51	-50.12	-27.18	-5.81
Book Value Per Share	0.46	-0.13	0.03	-
Tangible Book Value	7.77	-23.26	2.72	26.17
Tangible Book Value Per Share	0.36	-0.14	0.02	-
Buildings	10.11	10.11	10.11	10.28
Machinery	42.67	42.59	40.94	15.91
Construction In Progress	6.04	5.08	3.52	21.92

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