STEP Energy Services Ltd. (TSX:STEP)

STEP Energy Services Balance Sheet

Financials in millions CAD. 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	3.23	4.36	1.79	2.79	3.7	1.27
Cash & Short-Term Investments	3.23	4.36	1.79	2.79	3.7	1.27
Cash Growth	9.31%	144.37%	-35.91%	-24.69%	192.10%	-82.58%
Accounts Receivable	142.9	81.86	95.86	195.01	84.88	59.15
Other Receivables	5.01	0.91	0.29	4.13	1.87	6.29
Receivables	147.91	82.77	96.16	199.14	86.75	65.43
Inventory	43.14	49.55	47.52	46.41	32.73	26.99
Prepaid Expenses	3.41	8.43	9.25	8.03	10.08	5.78
Other Current Assets	14.92	-	-	-	-	-
Total Current Assets	212.61	145.11	154.72	256.36	133.26	99.47
Property, Plant & Equipment	399.96	429.96	447.61	426.01	350.29	379.62
Other Intangible Assets	0.94	1.16	0.12	0.16	0.31	0.77
Other Long-Term Assets	-	4.41	4.07	-	-	-
Total Assets	613.52	580.64	606.52	682.53	483.85	479.86
Accounts Payable	118.07	86.21	91.79	165.87	95.18	48.82
Current Portion of Long-Term Debt	-	-	-	1.5	27.95	-
Current Portion of Leases	8.59	9.73	8.75	8.33	6.21	5.92
Current Income Taxes Payable	4.83	8.28	7.54	9.06	-	0.09
Other Current Liabilities	4.13	5.54	4.54	5.03	-	-
Total Current Liabilities	135.62	109.75	112.61	189.78	129.34	54.82
Long-Term Debt	46.31	56.72	86.15	140.79	162.01	207.63
Long-Term Leases	14.47	18.02	18.73	13.86	9.16	6.8
Long-Term Deferred Tax Liabilities	17.48	16.96	19.39	17.97	1.37	3.83
Other Long-Term Liabilities	8.94	8.65	14.09	14.09	4.52	2.2
Total Liabilities	222.82	210.11	250.97	376.5	306.41	275.28
Common Stock	448.08	447.99	455.68	453.7	435.77	431.8
Additional Paid-In Capital	39.26	40.47	36.06	32.84	30.82	32.37
Retained Earnings	-114.56	-144.57	-146.33	-196.75	-291.53	-263.4
Comprehensive Income & Other	17.92	26.64	10.14	16.24	2.38	3.81
Shareholders' Equity	390.7	370.53	355.55	306.03	177.44	204.58
Total Liabilities & Equity	613.52	580.64	606.52	682.53	483.85	479.86
Total Debt	69.37	84.47	113.63	164.48	205.33	220.35
Net Cash (Debt)	-66.14	-80.11	-111.85	-161.7	-201.63	-219.08
Net Cash Per Share	-0.92	-1.08	-1.49	-2.24	-2.96	-3.25
Filing Date Shares Outstanding	72.87	72.06	71.46	71.62	68.2	67.71
Total Common Shares Outstanding	72.87	72.04	72.23	71.59	68.16	67.71
Working Capital	76.99	35.36	42.1	66.58	3.91	44.65
Book Value Per Share	5.36	5.14	4.92	4.27	2.60	3.02
Tangible Book Value	389.76	369.37	355.43	305.87	177.14	203.81
Tangible Book Value Per Share	5.35	5.13	4.92	4.27	2.60	3.01
Land	28.77	28.66	36.45	36.7	38.07	37.84
Machinery	829.86	940.89	881.02	838.53	730.19	712.48

Updated Mar 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.