Balance Sheet Naseej International Trading Company

Equities

1213

SA12GGDGIUH9

Home Furnishings

Market Closed - Saudi Arabian S.E. Other stock markets 08:20:01 2024-09-10 am EDT			5-day change	1st Jan Change
70.00 ^SAR	0.00%		-0.99%	+13.45%

Aug. 11	Naseej International Trading Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
Aug. 07	Naseej International Trading Swings to Loss in H1; Revenue Declines	MT

6e.4ZW59IqQRJNQg7wGeqkJdl6N_OCdgyp13TLE5dnrPrI.uNzbhNO9Hr5ntd8zOMwwOhC8yarn1GElkEiXiKnZafS3-NKG3Ngu_T213w

Published financial data: NASEEJ INTERNATIONAL TRADING COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	232M	192M	230M	280M	261M
Total Revenues	232M	192M	230M	280M	261M
Cost of Goods Sold, Total	279M	170M	203M	231M	207M
Gross Profit	-46.2M	22.05M	27.13M	49.5M	53.44M
Selling General & Admin Expenses, Total	57.73M	55.62M	48.6M	45.67M	44.52M
Provision for Bad Debts	-	-	-	-	-
Other Operating Expenses	26K	29.18M	52.56M	-6.62M	-10.62M
Other Operating Expenses, Total	57.76M	84.8M	101M	39.05M	33.9M
Operating Income	-104M	-62.75M	-74.02M	10.44M	19.54M
Interest Expense, Total	-23.3M	-20.74M	-10.4M	-6.17M	-11.28M
Net Interest Expenses	-23.3M	-20.74M	-10.4M	-6.17M	-11.28M
Income (Loss) On Equity Invest.	-670K	-409K	697K	712K	615K
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-	-68K	-	-	-
EBT, Excl. Unusual Items	-128M	-83.96M	-83.72M	4.98M	8.88M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	14.5M	2.99M	545K	527K	1.64M
EBT, Incl. Unusual Items	-113M	-80.97M	-83.18M	5.51M	10.51M
Income Tax Expense	2.78M	2.44M	2.34M	6.88M	26.44M
Earnings From Continuing Operations	-116M	-83.42M	-85.52M	-1.38M	-15.93M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-116M	-83.42M	-85.52M	-1.38M	-15.93M
Net Income - (IS)	-116M	-83.42M	-85.52M	-1.38M	-15.93M
Net Income to Common Incl Extra Items	-116M	-83.42M	-85.52M	-1.38M	-15.93M
Net Income to Common Excl. Extra Items	-116M	-83.42M	-85.52M	-1.38M	-15.93M
Per Share Items
Net EPS - Basic	-	-26.29	-22.4	-0.08	-1.46
Basic EPS - Continuing Operations	-	-26.29	-22.4	-0.08	-1.46
Basic Weighted Average Shares Outstanding	-	3.17M	3.82M	16.89M	10.9M
Net EPS - Diluted	-	-26.29	-22.4	-0.08	-1.46
Diluted EPS - Continuing Operations	-	-26.29	-22.4	-0.08	-1.46
Diluted Weighted Average Shares Outstanding	-	3.17M	3.82M	16.89M	10.9M
Normalized Basic EPS	-	-16.54	-13.71	0.18	0.51
Normalized Diluted EPS	-	-16.54	-13.71	0.18	0.51
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	-75.18M	-45.26M	-57.37M	27.01M	33.15M
EBITA	-104M	-61.89M	-73.29M	10.68M	19.71M
EBIT	-104M	-62.75M	-74.02M	10.44M	19.54M
EBITDAR	-67.87M	-41.21M	-53.96M	29.99M	36.07M
Effective Tax Rate - (Ratio)	-2.45	-3.02	-2.81	124.98	251.52
Normalized Net Income	-79.96M	-52.48M	-52.33M	3.11M	5.55M
Interest on Long-Term Debt	-	-	-	427K	407K
Non-Cash Pension Expense	-	510K	560K	372K	800K
Supplemental Operating Expense Items
Advertising Expense	506K	156K	96K	74K	144K
Selling and Marketing Expenses	31.61M	29.5M	24.68M	26M	28.84M
General and Administrative Expenses	18.8M	22.06M	20.51M	16.68M	12.76M
Net Rental Expense, Total	7.32M	4.05M	3.4M	2.98M	2.92M
Imputed Operating Lease Interest Expense	4.15M	1.95M	937K	606K	1.27M
Imputed Operating Lease Depreciation	3.17M	2.1M	2.46M	2.38M	1.65M
Maintenance & Repair Expenses, Total	597K	436K	518K	418K	444K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	4.53M	38.49M	63.26M	6.44M	3.42M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	4.53M	38.49M	63.26M	6.44M	3.42M
Accounts Receivable, Total	99.49M	87.16M	75.55M	100M	103M
Other Receivables	232K	3K	1.18M	100K	798K
Notes Receivable	-	794K	336K	391K	46K
Total Receivables	99.72M	87.95M	77.06M	101M	104M
Inventory	164M	150M	104M	108M	106M
Prepaid Expenses	3.44M	2.56M	3.52M	3.24M	2.58M
Other Current Assets, Total	10.24M	16.63M	10.08M	13.45M	6.79M
Total Current Assets	282M	296M	258M	232M	223M
Gross Property Plant And Equipment	892M	846M	812M	804M	777M
Accumulated Depreciation	-670M	-646M	-627M	-640M	-624M
Net Property Plant And Equipment	222M	200M	185M	164M	153M
Long-term Investments	15.14M	14.73M	15.02M	15.92M	16.35M
Other Intangibles, Total	-	1.14M	411K	173K	3K
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	519M	512M	459M	412M	393M
Liabilities
Accounts Payable, Total	75.14M	60.97M	31.4M	36.19M	37.66M
Accrued Expenses, Total	13.37M	14M	11.86M	8.9M	7.47M
Short-term Borrowings	107M	-	-	-	-
Current Portion of Long-Term Debt	60.51M	103M	82.9M	61.71M	93.25M
Current Portion of Leases	4.24M	3.95M	2.38M	3.7M	3.9M
Current Income Taxes Payable	16.25M	4.43M	3.01M	6.78M	31.85M
Other Current Liabilities	9.09M	19.12M	16.63M	11.61M	7.87M
Total Current Liabilities	286M	205M	148M	129M	182M
Long-Term Debt	157M	211M	166M	148M	90.3M
Long-Term Leases	21.91M	19.75M	14.79M	6.73M	6.31M
Pension & Other Post Retirement Benefits	21.5M	20.02M	20.98M	22.68M	23.85M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	486M	456M	350M	307M	302M
Common Stock, Total	65.5M	61.63M	212M	109M	109M
Retained Earnings	-32.4M	-6.2M	-103M	-3.58M	-18.82M
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	33.1M	55.43M	109M	105M	90.15M
Total Equity	33.1M	55.43M	109M	105M	90.15M
Total Liabilities And Equity	519M	512M	459M	412M	393M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	3.17M	10.9M	10.9M	10.9M
ECS Total Common Shares Outstanding	-	3.17M	10.9M	10.9M	10.9M
Book Value / Share	-	17.47	10	9.67	8.27
Tangible Book Value	33.1M	54.29M	109M	105M	90.15M
Tangible Book Value Per Share	-	17.11	9.96	9.66	8.27
Total Debt	351M	338M	266M	220M	194M
Net Debt	346M	299M	203M	214M	190M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	20.02M	20.98M	22.68M	23.85M
Debt Equivalent Oper. Leases	58.54M	32.42M	27.22M	23.87M	23.33M
Equity Method Investments, Total	15.14M	14.73M	15.02M	15.73M	16.35M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	72.79M	61.14M	65.02M	63.03M	52.34M
Inventories - Work In Process, Total	18.7M	4.79M	7.44M	9.06M	10.26M
Inventories - Finished Goods, Total	89.85M	80.78M	78.69M	57.85M	54.32M
Inventories - Others	22.14M	22.52M	23.15M	28.2M	23.85M
Land - (BS)	146K	146K	146K	146K	146K
Buildings, Total	176M	176M	176M	176M	175M
Machinery, Total	635M	555M	517M	520M	507M
Accumulated Allowance for Doubtful Accounts (Supple)	52.92M	68.76M	66.45M	65.5M	41.78M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-116M	-83.42M	-85.52M	-1.38M	-15.93M
Depreciation & Amortization - CF	30.88M	19.52M	20.97M	20M	17.35M
Amortization of Goodwill and Intangible Assets - (CF)	-	856K	731K	238K	170K
Depreciation & Amortization, Total	30.88M	20.38M	21.7M	20.24M	17.52M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-28.8M	-1.88M	-545K	-527K	-1.64M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	670K	409K	-289K	-712K	-615K
Provision and Write-off of Bad Debts	-	-	-	-955K	-23.72M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	42.56M	32.92M	43.08M	-14.96M	12.33M
Change In Accounts Receivable	59.76M	-14.91M	18.8M	-25.67M	27.77M
Change In Inventories	46.1M	-14.9M	-5.07M	12.58M	17.37M
Change In Accounts Payable	-42.5M	6.6M	-17.23M	-5.04M	-4.99M
Change in Other Net Operating Assets	-9.08M	-8.34M	-23.5M	1.86M	1.1M
Cash from Operations	-16.62M	-63.14M	-48.58M	-14.56M	29.2M
Capital Expenditure	-1.7M	-208K	-6.52M	-901K	-2.62M
Sale of Property, Plant, and Equipment	1.3M	3M	632K	527K	1.84M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-4.37M
Cash from Investing	-404K	2.8M	-5.88M	-374K	-5.15M
Long-Term Debt Issued, Total	16.68M	-	-	-	3.58M
Total Debt Issued	16.68M	-	-	-	3.58M
Long-Term Debt Repaid, Total	-	-10.96M	-63.27M	-41.89M	-30.64M
Total Debt Repaid	-	-10.96M	-63.27M	-41.89M	-30.64M
Issuance of Common Stock	-	113M	150M	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-	-7.39M	-7.51M	-	-
Cash from Financing	16.68M	94.3M	79.22M	-41.89M	-27.06M
Net Change in Cash	-342K	33.96M	24.76M	-56.82M	-3.02M
Supplemental Items
Cash Interest Paid	22.2M	20.74M	7M	-	-
Levered Free Cash Flow	20.43M	-27.27M	-10.85M	-8.07M	47.48M
Unlevered Free Cash Flow	34.99M	-14.31M	-4.35M	-4.21M	54.53M
Change In Net Working Capital	-70.78M	-4.73M	-26.73M	30.08M	-27.42M
Net Debt Issued / Repaid	16.68M	-10.96M	-63.27M	-41.89M	-27.06M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-10.82	-7.61	-9.53	1.5	3.04
Return on Total Capital	-15.45	-10.09	-12.05	1.86	4.01
Return On Equity %	-126.9	-188.45	-104.03	-1.28	-16.29
Return on Common Equity	-126.9	-188.45	-104.03	-1.28	-16.29
Margin Analysis
Gross Profit Margin %	-19.88	11.47	11.79	17.67	20.51
SG&A Margin	24.85	28.94	21.11	16.3	17.09
EBITDA Margin %	-32.36	-23.55	-24.92	9.64	12.73
EBITA Margin %	-44.74	-32.2	-31.84	3.81	7.57
EBIT Margin %	-44.74	-32.65	-32.16	3.73	7.5
Income From Continuing Operations Margin %	-50.01	-43.4	-37.15	-0.49	-6.12
Net Income Margin %	-50.01	-43.4	-37.15	-0.49	-6.12
Net Avail. For Common Margin %	-50.01	-43.4	-37.15	-0.49	-6.12
Normalized Net Income Margin	-34.41	-27.3	-22.73	1.11	2.13
Levered Free Cash Flow Margin	8.79	-14.19	-4.71	-2.88	18.22
Unlevered Free Cash Flow Margin	15.06	-7.45	-1.89	-1.5	20.93
Asset Turnover
Asset Turnover	0.39	0.37	0.47	0.64	0.65
Fixed Assets Turnover	1.04	0.92	1.2	1.61	1.64
Receivables Turnover (Average Receivables)	1.7	2.06	2.83	3.19	2.56
Inventory Turnover (Average Inventory)	1.38	1.08	1.59	2.17	1.93
Short Term Liquidity
Current Ratio	0.99	1.44	1.74	1.8	1.23
Quick Ratio	0.36	0.61	0.94	0.83	0.59
Operating Cash Flow to Current Liabilities	-0.06	-0.31	-0.33	-0.11	0.16
Days Sales Outstanding (Average Receivables)	214.36	177.71	128.99	114.41	142.42
Days Outstanding Inventory (Average Inventory)	265.34	338.07	228.87	168.38	189.21
Average Days Payable Outstanding	208.62	159.31	107.24	52.55	65.77
Cash Conversion Cycle (Average Days)	271.08	356.47	250.63	230.24	265.85
Long Term Solvency
Total Debt/Equity	1.06K	608.95	244.21	209.15	214.94
Total Debt / Total Capital	91.38	85.89	70.95	67.65	68.25
LT Debt/Equity	541.21	416.02	165.95	147.09	107.18
Long-Term Debt / Total Capital	46.64	58.68	48.21	47.58	34.03
Total Liabilities / Total Assets	93.63	89.16	76.26	74.42	77.04
EBIT / Interest Expense	-4.46	-3.03	-7.12	1.69	1.73
EBITDA / Interest Expense	-3.14	-2.04	-5.03	4.97	3.29
(EBITDA - Capex) / Interest Expense	-3.21	-2.05	-5.66	4.82	3.05
Total Debt / EBITDA	-4.8	-7.97	-5.09	7.18	5.23
Net Debt / EBITDA	-4.74	-7.06	-3.88	6.97	5.14
Total Debt / (EBITDA - Capex)	-4.69	-7.93	-4.52	7.4	5.63
Net Debt / (EBITDA - Capex)	-4.63	-7.02	-3.45	7.19	5.53
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-42.06	-17.28	19.77	21.71	-7.02