Balance Sheet Nordic Group Limited

Equities

MR7

SG2C45963924

Construction & Engineering

Market Closed - Singapore S.E. Other stock markets 05:04:53 2024-09-20 EDT			5-day change	1st Jan Change
0.3550 ^SGD	0.00%		+9.23%	-1.39%

08-21	Singapore Stocks Flat Ahead of US Fed's Policy Meeting; SATS Surges 11% on Turning to Profit in Fiscal Q1	MT
08-21	Nordic Group's Net Profit Down 16% in H1	MT

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Published financial data: NORDIC GROUP LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	84.63M	80.79M	103M	163M	161M
Total Revenues	84.63M	80.79M	103M	163M	161M
Cost of Goods Sold, Total	63.41M	62.91M	75.55M	118M	124M
Gross Profit	21.22M	17.88M	27.51M	45.22M	36.41M
Selling General & Admin Expenses, Total	12.78M	14.42M	14.09M	22.71M	17.32M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	12.78M	14.42M	14.09M	22.71M	17.32M
Operating Income	8.44M	3.46M	13.42M	22.51M	19.09M
Interest Expense, Total	-1.54M	-1.02M	-567K	-2.02M	-3.59M
Interest And Investment Income	479K	222K	89K	171K	848K
Net Interest Expenses	-1.06M	-799K	-478K	-1.85M	-2.74M
Currency Exchange Gains (Loss)	-630K	311K	395K	-896K	-971K
Other Non Operating Income (Expenses)	2.31M	3.14M	1.1M	1.05M	2.65M
EBT, Excl. Unusual Items	9.06M	6.12M	14.43M	20.81M	18.03M
Merger & Related Restructuring Charges	-	-	-	-245K	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	117K	-219K	42K	680K	1.54M
Other Unusual Items	-	-	-	1.12M	-
EBT, Incl. Unusual Items	9.18M	5.9M	14.48M	22.36M	19.57M
Income Tax Expense	700K	416K	600K	1.51M	3.6M
Earnings From Continuing Operations	8.48M	5.48M	13.88M	20.85M	15.98M
Net Income to Company	8.48M	5.48M	13.88M	20.85M	15.98M
Minority Interest	-	-	-	-180K	-
Net Income - (IS)	8.48M	5.48M	13.88M	20.67M	15.98M
Net Income to Common Incl Extra Items	8.48M	5.48M	13.88M	20.67M	15.98M
Net Income to Common Excl. Extra Items	8.48M	5.48M	13.88M	20.67M	15.98M
Per Share Items
Net EPS - Basic	0.02	0.01	0.04	0.05	0.04
Basic EPS - Continuing Operations	0.02	0.01	0.04	0.05	0.04
Basic Weighted Average Shares Outstanding	392M	390M	388M	393M	400M
Net EPS - Diluted	0.02	0.01	0.04	0.05	0.04
Diluted EPS - Continuing Operations	0.02	0.01	0.04	0.05	0.04
Diluted Weighted Average Shares Outstanding	392M	390M	388M	393M	400M
Normalized Basic EPS	0.01	0.01	0.02	0.03	0.03
Normalized Diluted EPS	0.01	0.01	0.02	0.03	0.03
Dividend Per Share	0.01	0.01	0.01	0.02	0.02
Payout Ratio	36.17	43.12	31.94	33.88	47.71
Supplemental Items
EBITDA	11.54M	8.59M	17.26M	29.64M	23.63M
EBITA	8.5M	3.76M	13.72M	25.56M	19.57M
EBIT	8.44M	3.46M	13.42M	22.51M	19.09M
EBITDAR	14.32M	11.14M	19.59M	33.19M	28.45M
Effective Tax Rate - (Ratio)	7.63	7.05	4.14	6.76	18.37
Total Current Taxes	693K	577K	937K	2.92M	3.45M
Total Deferred Taxes	7K	-161K	-337K	-1.41M	147K
Normalized Net Income	5.66M	3.82M	9.02M	12.83M	11.27M
Interest on Long-Term Debt	108K	117K	100K	162K	126K
Supplemental Operating Expense Items
Selling and Marketing Expenses	735K	721K	775K	1.64M	1.7M
General and Administrative Expenses	12.04M	13.7M	13.32M	21.07M	15.62M
Net Rental Expense, Total	2.78M	2.55M	2.32M	3.54M	4.82M
Imputed Operating Lease Interest Expense	796K	440K	186K	810K	1.54M
Imputed Operating Lease Depreciation	1.98M	2.11M	2.14M	2.73M	3.28M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	43.2M	57.51M	75.34M	55.92M	73.74M
Total Cash And Short Term Investments	43.2M	57.51M	75.34M	55.92M	73.74M
Accounts Receivable, Total	31.78M	29.11M	33.95M	57.19M	68.33M
Other Receivables	150K	54K	130K	-	2.96M
Total Receivables	31.93M	29.17M	34.08M	57.19M	71.29M
Inventory	12.04M	11.2M	14.54M	19.44M	21.86M
Prepaid Expenses	641K	347K	436K	989K	749K
Other Current Assets, Total	9.46M	1.84M	2.66M	5.55M	2.44M
Total Current Assets	97.28M	100M	127M	139M	170M
Gross Property Plant And Equipment	77.13M	86.48M	87.35M	107M	101M
Accumulated Depreciation	-42.94M	-48.4M	-52.14M	-53.87M	-51.26M
Net Property Plant And Equipment	34.19M	38.08M	35.21M	53.12M	49.43M
Goodwill	29.55M	29.55M	29.55M	40.42M	40.42M
Other Intangibles, Total	665K	360K	55K	3.49M	3.01M
Deferred Tax Assets Long-Term	149K	-	394K	1.7M	1.17M
Other Long-Term Assets, Total	-	-	-	-	1.47M
Total Assets	162M	168M	192M	238M	266M
Liabilities
Accounts Payable, Total	17.36M	22.99M	23.83M	32.46M	31.13M
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	3.38M	2.94M	8.3M	3.19M	17.99M
Current Portion of Long-Term Debt	34.11M	37.1M	49.39M	52.14M	74.22M
Current Portion of Leases	396K	319K	226K	219K	607K
Current Income Taxes Payable	1.99M	948K	915K	2.39M	3.67M
Unearned Revenue Current, Total	787K	904K	897K	2.14M	1.66M
Other Current Liabilities	5.02M	1.83M	2.38M	10M	7.1M
Total Current Liabilities	63.04M	67.03M	85.93M	103M	136M
Long-Term Debt	3.58M	5.84M	2.58M	16.78M	3.78M
Long-Term Leases	3.64M	3.37M	3.16M	5.66M	5.52M
Deferred Tax Liability Non Current	3.17M	2.86M	2.92M	2.82M	2.43M
Other Non Current Liabilities	2.51M	123K	51K	-	-
Total Liabilities	75.94M	79.21M	94.63M	128M	148M
Common Stock, Total	22.44M	22.44M	22.44M	24.86M	24.86M
Retained Earnings	65.44M	68.56M	77.23M	85.82M	94.18M
Treasury Stock	-1.74M	-2.37M	-2.61M	-112K	-112K
Comprehensive Income and Other	-248K	210K	581K	-559K	-1.46M
Total Common Equity	85.9M	88.84M	97.64M	110M	117M
Minority Interest	-	-	-	-	-
Total Equity	85.9M	88.84M	97.64M	110M	117M
Total Liabilities And Equity	162M	168M	192M	238M	266M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	391M	388M	388M	400M	400M
ECS Total Common Shares Outstanding	392M	389M	388M	400M	400M
Book Value / Share	0.22	0.23	0.25	0.28	0.29
Tangible Book Value	55.68M	58.92M	68.03M	66.11M	74.04M
Tangible Book Value Per Share	0.14	0.15	0.18	0.17	0.19
Total Debt	45.11M	49.56M	63.64M	77.98M	102M
Net Debt	1.91M	-7.95M	-11.69M	22.07M	28.38M
Debt Equivalent Oper. Leases	22.25M	20.38M	18.58M	28.35M	38.55M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	6.55M	6.93M	9.02M	12.48M	12.34M
Inventories - Work In Process, Total	3.68M	2.33M	3.75M	5.8M	6.54M
Inventories - Finished Goods, Total	1.82M	1.94M	1.77M	1.16M	2.98M
Inventories - Others	-	-	-	-	-
Machinery, Total	52.52M	52.13M	52.99M	55.59M	54.83M
Accumulated Allowance for Doubtful Accounts (Supple)	3.34M	368K	195K	130K	250K
Order Backlog	92M	89M	166M	232M	187M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	8.48M	5.48M	13.88M	20.67M	15.98M
Depreciation & Amortization - CF	3.21M	5.01M	3.71M	4.34M	4.67M
Amortization of Goodwill and Intangible Assets - (CF)	55K	305K	305K	3.05M	478K
Depreciation & Amortization, Total	3.26M	5.32M	4.02M	7.39M	5.15M
(Gain) Loss From Sale Of Asset	-117K	219K	-42K	-680K	-1.54M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	945K	325K	-60K	222K	4.44M
Change In Accounts Receivable	7.08M	2.25M	-3.06M	-10.37M	-4.99M
Change In Inventories	-220K	850K	-3.35M	-3.06M	-737K
Change In Accounts Payable	-9.79M	3.38M	843K	2.79M	-1.91M
Change in Other Net Operating Assets	6.57M	156K	-2.31M	18.03M	-5.09M
Cash from Operations	16.21M	17.97M	9.92M	35M	11.29M
Capital Expenditure	-3.18M	-876K	-723K	-879K	-1.12M
Sale of Property, Plant, and Equipment	170K	31K	59K	3.32M	783K
Cash Acquisitions	83K	-	-	-55.15M	-1.24M
Other Investing Activities, Total	479K	222K	89K	171K	-3.62M
Cash from Investing	-2.45M	-623K	-575K	-52.54M	-5.2M
Long-Term Debt Issued, Total	15M	13M	18.53M	26.61M	39.38M
Total Debt Issued	15M	13M	18.53M	26.61M	39.38M
Long-Term Debt Repaid, Total	-19.8M	-11.66M	-4.55M	-26.55M	-16.22M
Total Debt Repaid	-19.8M	-11.66M	-4.55M	-26.55M	-16.22M
Issuance of Common Stock	-	-	-	5.04M	-
Repurchase of Common Stock	-169K	-638K	-240K	-112K	-
Common Dividends Paid	-3.07M	-2.36M	-4.43M	-7M	-7.62M
Common & Preferred Stock Dividends Paid	-3.07M	-2.36M	-4.43M	-7M	-7.62M
Special Dividend Paid	-	-	-776K	-590K	-
Other Financing Activities, Total	-1.43M	-794K	-467K	-1.86M	-579K
Cash from Financing	-9.47M	-2.46M	8.07M	-4.46M	14.96M
Foreign Exchange Rate Adjustments	-319K	-580K	407K	-302K	-988K
Net Change in Cash	3.97M	14.31M	17.82M	-22.3M	20.06M
Supplemental Items
Cash Interest Paid	1.43M	794K	467K	1.86M	3.46M
Cash Income Tax Paid (Refund)	871K	1.62M	970K	1.71M	2.3M
Levered Free Cash Flow	5.22M	19.02M	3.5M	6.84M	-2.88M
Unlevered Free Cash Flow	6.18M	19.66M	3.85M	8.1M	-642K
Change In Net Working Capital	-829K	-13.05M	7.83M	12.48M	16.6M
Net Debt Issued / Repaid	-4.8M	1.34M	13.98M	65K	23.16M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.36	1.31	4.66	6.54	4.74
Return on Total Capital	4.17	1.61	5.6	8.06	5.85
Return On Equity %	10.16	6.27	14.88	20.08	14.05
Return on Common Equity	10.16	6.27	14.88	19.91	14.05
Margin Analysis
Gross Profit Margin %	25.07	22.14	26.69	27.78	22.67
SG&A Margin	15.1	17.85	13.67	13.95	10.78
EBITDA Margin %	13.63	10.63	16.75	18.21	14.71
EBITA Margin %	10.04	4.66	13.32	15.7	12.18
EBIT Margin %	9.97	4.28	13.02	13.83	11.88
Income From Continuing Operations Margin %	10.02	6.79	13.46	12.81	9.95
Net Income Margin %	10.02	6.79	13.46	12.7	9.95
Net Avail. For Common Margin %	10.02	6.79	13.46	12.7	9.95
Normalized Net Income Margin	6.69	4.73	8.75	7.88	7.02
Levered Free Cash Flow Margin	6.17	23.54	3.4	4.2	-1.79
Unlevered Free Cash Flow Margin	7.31	24.33	3.74	4.98	-0.4
Asset Turnover
Asset Turnover	0.54	0.49	0.57	0.76	0.64
Fixed Assets Turnover	2.63	2.24	2.81	3.69	3.13
Receivables Turnover (Average Receivables)	2.62	2.65	3.27	3.57	2.56
Inventory Turnover (Average Inventory)	5.73	5.41	5.87	6.92	6.02
Short Term Liquidity
Current Ratio	1.54	1.49	1.48	1.36	1.25
Quick Ratio	1.19	1.29	1.27	1.1	1.06
Operating Cash Flow to Current Liabilities	0.26	0.27	0.12	0.34	0.08
Days Sales Outstanding (Average Receivables)	139.25	137.92	111.66	102.19	142.6
Days Outstanding Inventory (Average Inventory)	63.72	67.6	62.17	52.76	60.67
Average Days Payable Outstanding	84.38	118.97	108.29	83.91	91.64
Cash Conversion Cycle (Average Days)	118.59	86.55	65.54	71.04	111.64
Long Term Solvency
Total Debt/Equity	52.51	55.79	65.19	70.88	86.93
Total Debt / Total Capital	34.43	35.81	39.46	41.48	46.5
LT Debt/Equity	8.4	10.36	5.87	20.4	7.92
Long-Term Debt / Total Capital	5.51	6.65	3.55	11.94	4.24
Total Liabilities / Total Assets	46.92	47.14	49.22	53.74	55.77
EBIT / Interest Expense	5.49	3.39	23.67	11.13	5.32
EBITDA / Interest Expense	7.61	8.6	30.75	14.79	6.76
(EBITDA - Capex) / Interest Expense	5.54	7.74	29.48	14.35	6.45
Total Debt / EBITDA	3.85	5.65	3.65	2.61	4.21
Net Debt / EBITDA	0.16	-0.91	-0.67	0.74	1.17
Total Debt / (EBITDA - Capex)	5.29	6.27	3.81	2.69	4.42
Net Debt / (EBITDA - Capex)	0.22	-1.01	-0.7	0.76	1.23
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-7.71	-4.53	27.57	57.92	-1.3
Gross Profit, 1 Yr. Growth %