Balance Sheet ADF Group Inc.

Equities

DRX

CA00089N1033

Iron & Steel

Market Closed - Toronto S.E. Other stock markets 16:00:00 2024-09-12 EDT			5-day change	1st Jan Change
10.56 ^CAD	-20.36%		-17.82%	+52.60%

09-12	ADF Group Falls 17% as It Posts a Higher Fiscal Second-Quarter Profit But Revenue Weakens	MT
09-12	Transcript : ADF Group Inc., Q2 2025 Earnings Call, Sep 12, 2024

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Published financial data: ADF GROUP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: January	2020	2021	2022	2023	2024
Revenues	180M	173M	281M	251M	331M
Total Revenues	180M	173M	281M	251M	331M
Cost of Goods Sold, Total	163M	146M	258M	215M	258M
Gross Profit	16.51M	26.2M	23.09M	35.57M	72.92M
Selling General & Admin Expenses, Total	14.87M	13.58M	10.66M	13.58M	21.51M
Depreciation & Amortization - (IS)	839K	865K	933K	894K	906K
Amortization of Goodwill and Intangible Assets - (IS)	298K	337K	391K	302K	363K
Other Operating Expenses, Total	16M	14.78M	11.99M	14.77M	22.78M
Operating Income	502K	11.43M	11.1M	20.8M	50.14M
Interest Expense, Total	-1.93M	-1.52M	-1.06M	-1.98M	-3.61M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-1.93M	-1.52M	-1.06M	-1.98M	-3.61M
Currency Exchange Gains (Loss)	-406K	-744K	-472K	-1.94M	-1.16M
Other Non Operating Income (Expenses)	-153K	-144K	-116K	-22K	1.04M
EBT, Excl. Unusual Items	-1.99M	9.02M	9.46M	16.85M	46.41M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-	1.6M	-	-
EBT, Incl. Unusual Items	-1.99M	9.02M	11.06M	16.85M	46.41M
Income Tax Expense	146K	2.15M	1.5M	1.92M	8.78M
Earnings From Continuing Operations	-2.13M	6.87M	9.56M	14.94M	37.62M
Net Income to Company	-2.13M	6.87M	9.56M	14.94M	37.62M
Net Income - (IS)	-2.13M	6.87M	9.56M	14.94M	37.62M
Net Income to Common Incl Extra Items	-2.13M	6.87M	9.56M	14.94M	37.62M
Net Income to Common Excl. Extra Items	-2.13M	6.87M	9.56M	14.94M	37.62M
Per Share Items
Net EPS - Basic	-0.07	0.21	0.29	0.46	1.15
Basic EPS - Continuing Operations	-0.07	0.21	0.29	0.46	1.15
Basic Weighted Average Shares Outstanding	32.64M	32.64M	32.64M	32.64M	32.64M
Net EPS - Diluted	-0.07	0.21	0.29	0.46	1.15
Diluted EPS - Continuing Operations	-0.07	0.21	0.29	0.46	1.15
Diluted Weighted Average Shares Outstanding	32.64M	32.64M	32.64M	32.64M	32.64M
Normalized Basic EPS	-0.04	0.17	0.18	0.32	0.89
Normalized Diluted EPS	-0.04	0.17	0.18	0.32	0.89
Dividend Per Share	0.02	0.02	0.02	0.02	0.02
Payout Ratio	-30.63	9.51	6.83	4.37	1.74
Supplemental Items
EBITDA	3.89M	14.89M	15.15M	25.28M	55.19M
EBITA	502K	11.43M	11.6M	21.17M	50.57M
EBIT	502K	11.43M	11.1M	20.8M	50.14M
EBITDAR	6.38M	15.5M	20.53M	33.36M	63.06M
Effective Tax Rate - (Ratio)	-7.35	23.86	13.53	11.39	18.93
Total Current Taxes	-137K	740K	-448K	250K	2.41M
Total Deferred Taxes	283K	1.41M	1.94M	1.67M	6.37M
Normalized Net Income	-1.24M	5.64M	5.91M	10.53M	29M
Interest Capitalized	-	-	-	477K	-
Interest on Long-Term Debt	1.44M	1.2M	878K	2.31M	3.51M
Supplemental Operating Expense Items
Net Rental Expense, Total	2.49M	614K	5.38M	8.07M	7.88M
Imputed Operating Lease Interest Expense	1.04M	227K	1.46M	3.59M	4.54M
Imputed Operating Lease Depreciation	1.45M	387K	3.92M	4.48M	3.34M
Maintenance & Repair Expenses, Total	1.3M	1.33M	1.54M	2.15M	2.69M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	491K	998K	361K	724K	4.58M
Total Stock-Based Compensation	491K	998K	361K	724K	4.58M

Fiscal Period: January	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3.98M	17.81M	7.13M	7.19M	72.38M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	3.98M	17.81M	7.13M	7.19M	72.38M
Accounts Receivable, Total	65.62M	69.81M	70.42M	133M	123M
Other Receivables	882K	834K	1.55M	714K	3.23M
Notes Receivable	-	-	-	-	-
Total Receivables	66.5M	70.64M	71.97M	134M	126M
Inventory	7.9M	6.96M	9.69M	10.68M	13.53M
Prepaid Expenses	1.58M	4.67M	2.31M	2.25M	3.4M
Other Current Assets, Total	-	517K	4K	84K	328K
Total Current Assets	79.96M	101M	91.1M	154M	216M
Gross Property Plant And Equipment	145M	144M	163M	173M	173M
Accumulated Depreciation	-56.14M	-59.7M	-57.47M	-60.73M	-64.97M
Net Property Plant And Equipment	88.78M	84.7M	105M	112M	108M
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	3.35M	3.27M	3.36M	3.64M	3.92M
Deferred Tax Assets Long-Term	-	-	-	-	266K
Other Long-Term Assets, Total	1.44M	1.39M	1.38M	1.37M	1.05M
Total Assets	174M	190M	201M	272M	329M
Liabilities
Accounts Payable, Total	15.36M	12.12M	14.77M	18.81M	24.44M
Accrued Expenses, Total	15.42M	22.44M	19.65M	21.18M	31M
Short-term Borrowings	13.1M	-	-	-	-
Current Portion of Long-Term Debt	1.9M	1.9M	3.36M	2.26M	3.04M
Current Portion of Leases	1.07M	1.14M	841K	806K	827K
Current Income Taxes Payable	216K	1.16M	-	235K	-
Unearned Revenue Current, Total	3.44M	23.28M	13.77M	44.53M	46.17M
Other Current Liabilities	123K	-	-	964K	-
Total Current Liabilities	50.65M	62.05M	52.39M	88.78M	105M
Long-Term Debt	19.16M	18.37M	28.7M	44.93M	42.14M
Long-Term Leases	4.93M	4.17M	3.77M	3.53M	2.84M
Deferred Tax Liability Non Current	4.22M	5.63M	7.57M	9.24M	15.88M
Other Non Current Liabilities	187K	177K	166K	156K	146K
Total Liabilities	79.14M	90.39M	92.6M	147M	166M
Common Stock, Total	68.12M	68.12M	68.12M	68.13M	68.13M
Additional Paid In Capital	6.44M	6.44M	6.44M	6.44M	6.44M
Retained Earnings	12.91M	19.12M	28.03M	42.32M	79.28M
Comprehensive Income and Other	6.94M	5.89M	5.86M	8.11M	8.28M
Total Common Equity	94.41M	99.56M	108M	125M	162M
Total Equity	94.41M	99.56M	108M	125M	162M
Total Liabilities And Equity	174M	190M	201M	272M	329M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	32.64M	32.64M	32.64M	32.64M	32.64M
ECS Total Common Shares Outstanding	32.64M	32.64M	32.64M	32.64M	32.64M
Book Value / Share	2.89	3.05	3.32	3.83	4.97
Tangible Book Value	91.05M	96.3M	105M	121M	158M
Tangible Book Value Per Share	2.79	2.95	3.22	3.72	4.85
Total Debt	40.16M	25.58M	36.67M	51.52M	48.84M
Net Debt	36.18M	7.78M	29.54M	44.33M	-23.54M
Debt Equivalent Oper. Leases	19.93M	4.91M	43.06M	64.57M	63.03M
Account Code - Inventory Valuation	8	8	6	8	8
Inventories - Others	8.7M	7.82M	10.28M	11.3M	15.12M
Land - (BS)	5.75M	5.7M	5.69M	6.19M	6.2M
Buildings, Total	62.16M	61.73M	63.71M	68.36M	70.77M
Machinery, Total	49.28M	49.81M	66.35M	70.96M	68.48M
Full Time Employees	568	505	579	638	550
Assets under Capital Lease - Gross	-	-	-	-	-
Order Backlog	329M	436M	373M	376M	511M

Fiscal Period: January	2020	2021	2022	2023	2024
Net Income	-2.13M	6.87M	9.56M	14.94M	37.62M
Depreciation & Amortization - CF	4.31M	4.47M	4.56M	4.95M	5.36M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	498K	370K	435K
Depreciation & Amortization, Total	4.31M	4.47M	5.05M	5.32M	5.8M
Amortization of Deferred Charges, Total - (CF)	410K	449K	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-2.11M	-802K	-31K
Stock-Based Compensation (CF)	491K	998K	361K	724K	4.58M
Other Operating Activities, Total	1.68M	-2.58M	2.31M	3.06M	10.73M
Change In Accounts Receivable	-12.19M	-5.63M	-757K	-60.66M	11.37M
Change In Inventories	554K	830K	-2.71M	-550K	-2.85M
Change In Accounts Payable	13.6M	3.58M	-2.04M	5.48M	10.75M
Change in Unearned Revenues	-7.68M	20.79M	-9.37M	29.79M	1.11M
Change in Other Net Operating Assets	64K	-932K	2.37M	93K	-1.22M
Cash from Operations	-894K	28.84M	2.67M	-2.61M	77.86M
Capital Expenditure	-1.19M	-1.46M	-21.48M	-11.46M	-5.77M
Sale of Property, Plant, and Equipment	168K	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-452K	-361K	-589K	-698K	-720K
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	800K	68K	77K	80K	222K
Cash from Investing	-670K	-1.75M	-21.99M	-12.08M	-6.27M
Short Term Debt Issued, Total	6.5M	-	-	-	-
Long-Term Debt Issued, Total	-	5.65M	30M	20M	-
Total Debt Issued	6.5M	5.65M	30M	20M	-
Short Term Debt Repaid, Total	-	-13.1M	-	-	-
Long-Term Debt Repaid, Total	-2.66M	-2.88M	-18.84M	-3.02M	-2.98M
Total Debt Repaid	-2.66M	-15.98M	-18.84M	-3.02M	-2.98M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-653K	-653K	-653K	-653K	-653K
Common & Preferred Stock Dividends Paid	-653K	-653K	-653K	-653K	-653K
Other Financing Activities, Total	-1.83M	-1.46M	-1.3M	-2.17M	-3.05M
Cash from Financing	1.36M	-12.44M	9.2M	14.16M	-6.69M
Foreign Exchange Rate Adjustments	18K	-823K	-558K	599K	280K
Net Change in Cash	-181K	13.82M	-10.68M	63K	65.19M
Supplemental Items
Cash Interest Paid	1.83M	1.46M	988K	2.18M	3.05M
Cash Income Tax Paid (Refund)	-	-	1.43M	-860K	93K
Levered Free Cash Flow	-2.16M	27.9M	-22.36M	-20.04M	52.85M
Unlevered Free Cash Flow	-957K	28.85M	-21.7M	-18.81M	55.11M
Change In Net Working Capital	4.85M	-17.62M	11.99M	25.69M	-19.88M
Net Debt Issued / Repaid	3.84M	-10.33M	11.16M	16.98M	-2.98M

Fiscal Period: January	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.19	3.93	3.55	5.5	10.44
Return on Total Capital	0.24	5.5	5.14	8.08	16.17
Return On Equity %	-2.23	7.08	9.19	12.8	26.21
Return on Common Equity	-2.23	7.08	9.19	12.8	26.21
Margin Analysis
Gross Profit Margin %	9.19	15.18	8.23	14.18	22.03
SG&A Margin	8.27	7.87	3.8	5.41	6.5
EBITDA Margin %	2.16	8.63	5.4	10.08	16.67
EBITA Margin %	0.28	6.62	4.13	8.44	15.28
EBIT Margin %	0.28	6.62	3.96	8.29	15.15
Income From Continuing Operations Margin %	-1.19	3.98	3.41	5.95	11.37
Net Income Margin %	-1.19	3.98	3.41	5.95	11.37
Net Avail. For Common Margin %	-1.19	3.98	3.41	5.95	11.37
Normalized Net Income Margin	-0.69	3.27	2.11	4.2	8.76
Levered Free Cash Flow Margin	-1.2	16.17	-7.97	-7.99	15.97
Unlevered Free Cash Flow Margin	-0.53	16.72	-7.73	-7.5	16.65
Asset Turnover
Asset Turnover	1.07	0.95	1.44	1.06	1.1
Fixed Assets Turnover	2.02	1.99	2.96	2.31	3.01
Receivables Turnover (Average Receivables)	3	2.55	4	2.46	2.58
Inventory Turnover (Average Inventory)	20.09	19.7	30.95	21.14	21.32
Short Term Liquidity
Current Ratio	1.58	1.62	1.74	1.74	2.04
Quick Ratio	1.39	1.43	1.51	1.59	1.88
Operating Cash Flow to Current Liabilities	-0.02	0.46	0.05	-0.03	0.74
Days Sales Outstanding (Average Receivables)	121.57	143.59	91.16	148.31	141.23
Days Outstanding Inventory (Average Inventory)	18.17	18.57	11.79	17.26	17.12
Average Days Payable Outstanding	26.73	34.59	18.85	28.33	30.25
Cash Conversion Cycle (Average Days)	113.01	127.58	84.1	137.24	128.11
Long Term Solvency
Total Debt/Equity	42.54	25.69	33.81	41.22	30.13
Total Debt / Total Capital	29.85	20.44	25.27	29.19	23.15
LT Debt/Equity	25.51	22.63	29.94	38.77	27.74
Long-Term Debt / Total Capital	17.9	18.01	22.38	27.45	21.32
Total Liabilities / Total Assets	45.6	47.58	46.06	53.98	50.66
EBIT / Interest Expense	0.26	7.52	10.5	10.52	13.88
EBITDA / Interest Expense	2.5	10.46	15.27	13.21	15.48
(EBITDA - Capex) / Interest Expense