Test Research, Inc. (TPE:3030)

Test Research Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,755	873.59	859.92	1,149	1,226	1,561
Short-Term Investments	415.33	444.14	490.28	285.09	196.79	231.42
Cash & Short-Term Investments	2,170	1,318	1,350	1,434	1,423	1,792
Cash Growth	29.16%	-2.40%	-5.83%	0.74%	-20.60%	19.07%
Accounts Receivable	3,818	3,146	2,306	3,027	2,370	1,919
Other Receivables	34.6	30.51	34.98	37.87	32.14	20.85
Receivables	3,852	3,176	2,341	3,065	2,403	1,940
Inventory	1,649	1,407	1,262	1,466	1,747	934.73
Other Current Assets	31.58	40.27	33.48	33.62	35.52	28.26
Total Current Assets	7,703	5,942	4,986	5,998	5,608	4,696
Property, Plant & Equipment	4,002	4,017	3,781	3,063	2,284	2,176
Long-Term Investments	34.38	41.96	-	-	-	-
Other Intangible Assets	22	27.26	28.24	23.99	26.77	24.81
Long-Term Deferred Tax Assets	166.56	103.52	99.38	74.46	80.72	90.62
Other Long-Term Assets	9.34	11.4	11.18	12.68	10.08	10.29
Total Assets	11,937	10,143	8,906	9,173	8,010	6,997
Accounts Payable	1,383	693.02	527.02	500.15	946.9	511.38
Accrued Expenses	-	406.77	291.95	403	255.53	225.8
Current Portion of Leases	18.36	16.23	27.86	18.65	25.04	17.29
Current Income Taxes Payable	374.63	302.96	375.98	345.44	179.87	143.36
Current Unearned Revenue	69.48	76.01	60.86	55.57	76.58	24.3
Other Current Liabilities	1,721	93.15	163.93	276.69	107.1	82.37
Total Current Liabilities	3,567	1,588	1,448	1,600	1,591	1,004
Long-Term Leases	12.64	13.47	20.77	26.54	31.66	26.22
Long-Term Deferred Tax Liabilities	218.57	223.75	205.95	224.3	194.17	160.15
Other Long-Term Liabilities	24.55	18.18	13.53	15.74	39.92	41.34
Total Liabilities	3,836	1,862	1,720	1,906	1,914	1,295
Common Stock	2,362	2,362	2,362	2,362	2,362	2,362
Additional Paid-In Capital	53.29	53.29	53.29	53.29	53.29	53.29
Retained Earnings	5,818	5,899	4,838	4,900	3,749	3,344
Comprehensive Income & Other	-131.71	-33.76	-67.55	-48.7	-68.36	-57.21
Shareholders' Equity	8,101	8,281	7,186	7,267	6,096	5,702
Total Liabilities & Equity	11,937	10,143	8,906	9,173	8,010	6,997
Total Debt	31	29.71	48.63	45.19	56.7	43.51
Net Cash (Debt)	2,139	1,288	1,302	1,389	1,366	1,749
Net Cash Growth	29.87%	-1.04%	-6.26%	1.62%	-21.86%	21.13%
Net Cash Per Share	9.04	5.44	5.50	5.86	5.77	7.39
Filing Date Shares Outstanding	235.96	236.22	236.22	236.22	236.22	236.22
Total Common Shares Outstanding	235.96	236.22	236.22	236.22	236.22	236.22
Working Capital	4,136	4,353	3,538	4,399	4,017	3,691
Book Value Per Share	34.33	35.06	30.42	30.76	25.81	24.14
Tangible Book Value	8,079	8,254	7,157	7,243	6,070	5,677
Tangible Book Value Per Share	34.24	34.94	30.30	30.66	25.69	24.03
Land	-	1,166	1,166	1,166	1,166	1,166
Buildings	-	2,799	921.54	921.54	921.54	921.54
Machinery	-	1,166	1,002	947.07	868.8	807.72
Construction In Progress	-	-	1,643	907.4	100.67	0.04

Source: S&P Global Market Intelligence. Standard template. Financial Sources.