51Talk Online Education Group (COE)

COE Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	16.69	21.3	18.19	24.61	50.03	342.95
Short-Term Investments	4.31	2.09	4.87	6.5	151.19	597.03
Cash & Short-Term Investments	21	23.39	23.06	31.11	201.22	939.98
Cash Growth	-2.92%	1.44%	-25.88%	-84.54%	-78.59%	31.99%
Other Receivables	-	-	-	-	1.57	2.43
Receivables	-	0.53	-	-	1.57	2.43
Inventory	0.03	-	-	-	0.3	0.31
Prepaid Expenses	10.42	1.28	0.74	0.59	9.06	50.78
Other Current Assets	-	4.59	2.77	119.55	35.64	197.01
Total Current Assets	31.45	29.78	26.57	151.25	247.78	1,191
Property, Plant & Equipment	1.59	0.86	0.79	1.72	18.25	76.97
Long-Term Investments	-	-	-	11.12	63.41	113.42
Goodwill	-	-	-	-	0.65	4.22
Other Intangible Assets	0.09	0.09	0.1	0.12	3.11	9.92
Long-Term Deferred Tax Assets	0.07	0.07	-	0.04	1.57	0.34
Other Long-Term Assets	0.34	0.35	0.17	22.83	3.66	6.45
Total Assets	33.54	31.16	27.63	187.07	338.44	1,402
Accrued Expenses	6.35	5.99	4.25	2.93	31.87	155.37
Short-Term Debt	-	-	-	-	-	16.58
Current Portion of Leases	0.82	0.59	0.43	0.82	6.58	31.55
Current Income Taxes Payable	0.74	1.06	0.19	0.1	2.95	21.66
Current Unearned Revenue	34.5	27.21	15.17	2.87	416.44	2,182
Other Current Liabilities	3.62	4.28	0.49	290.33	4.45	11.59
Total Current Liabilities	46.03	39.13	20.51	297.04	462.29	2,419
Long-Term Leases	0.52	0.04	0.31	0.82	8.21	23.55
Long-Term Unearned Revenue	-	-	-	-	0.35	4.78
Long-Term Deferred Tax Liabilities	-	-	0.08	-	-	-
Other Long-Term Liabilities	-	-	-	2.43	-	-
Total Liabilities	46.82	39.35	21.06	300.5	471.23	2,448
Common Stock	-13.62	0.03	0.03	0.03	0.03	0.21
Additional Paid-In Capital	-	338.32	337.41	187.84	183.66	1,128
Retained Earnings	-	-346.37	-331.17	-288.61	-314.3	-2,199
Treasury Stock	-	-	-	-6.64	-3.54	-6.01
Comprehensive Income & Other	-	-0.33	0.3	-6.05	1.36	29.97
Total Common Equity	-13.62	-8.34	6.58	-113.43	-132.79	-1,047
Minority Interest	0.33	0.15	-	-	-	-
Shareholders' Equity	-13.29	-8.19	6.58	-113.43	-132.79	-1,047
Total Liabilities & Equity	33.54	31.16	27.63	187.07	338.44	1,402
Total Debt	1.34	0.63	0.73	1.63	14.79	71.67
Net Cash (Debt)	19.66	22.76	22.32	29.48	186.43	868.31
Net Cash Growth	-6.44%	1.94%	-24.27%	-84.19%	-78.53%	35.02%
Net Cash Per Share	3.56	4.16	3.99	5.19	35.01	168.95
Filing Date Shares Outstanding	5.78	5.75	5.66	5.57	5.38	5.22
Total Common Shares Outstanding	5.78	5.72	5.63	5.56	5.39	5.2
Working Capital	-14.58	-9.35	6.06	-145.79	-214.51	-1,228
Book Value Per Share	-2.36	-1.46	1.17	-20.40	-24.62	-201.25
Tangible Book Value	-13.7	-8.43	6.47	-113.54	-136.55	-1,061
Tangible Book Value Per Share	-2.37	-1.47	1.15	-20.42	-25.31	-203.97
Machinery	-	1.39	1.24	2.59	12.7	74.85
Leasehold Improvements	-	0.02	0	1.85	7.71	45.5

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