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BQE Water Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 17.2M 18.1M 12.2M 7.5M
Operating Revenue 17.2M 18.1M 12.2M 7.5M
Cost Of Revenue 8.8M 9.1M 7.1M 3.9M
Gross Profit 8.4M 9.1M 5.1M 3.6M
Selling General And Administration 7.3M 5.8M 4.9M 3.5M
General And Administrative Expense 6.9M 5.4M 4.7M 2.1M
Depreciation And Amortization In Income Statement 439,223 430,400 263,668 167,995
Operating Expense 7.8M 6.3M 5.2M 3.7M
Operating Income 649,980 2.8M -116,018 -104,811
EBIT 3.7M 3.0M 1.5M 2.8M
Interest Expense 220,384 153,173 26,511 29,405
Interest Expense Non Operating 220,384 153,173 26,511 29,405
Interest Income 325,043 357,602 53,345 5,573
Interest Income Non Operating 325,043 357,602 53,345 5,573
Net Interest Income 104,659 204,429 26,834 -23,832
Other Income Expense 2.8M -143,397 1.6M 2.9M
Other Non Operating Income Expenses 93,157 51,898 5,135 12,015
Special Income Charges -14,237 -473,112 19,650 94,630
Restructuring And Mergern Acquisition -- 0.00 -27,700 0.00
Write Off 14,237 473,112 8,050 -94,630
Gain On Sale Of Security 223,882 -140,999 48,098 -21,342
Earnings From Equity Interest 2.5M 418,816 1.5M 2.8M
Pretax Income 3.5M 2.8M 1.5M 2.8M
Tax Provision -1.3M 191,221 309,242 130,373
Tax Effect Of Unusual Items 31,447 -41,285 14,242 3,462
Net Income From Continuing And Discontinued Operation 4.8M 2.7M 1.2M 2.6M
Net Income From Continuing Operation Net Minority Interest 4.8M 2.7M 1.2M 2.6M
Net Income Including Noncontrolling Interests 4.8M 2.7M 1.2M 2.6M
Net Income Common Stockholders 4.8M 2.7M 1.2M 2.6M
Net Income 4.8M 2.7M 1.2M 2.6M
EBITDA 4.2M 3.4M 1.8M 3.0M
Normalized EBITDA 4.0M 4.0M 1.7M 2.9M
Reconciled Depreciation 439,223 430,400 263,668 167,995
Basic EPS 3.78 2.12 0.93 2.13
Diluted EPS 3.75 2.08 0.92 2.11
Basic Average Shares 1.3M 1.3M 1.2M 1.2M
Diluted Average Shares 1.3M 1.3M 1.3M 1.2M
Total Unusual Items 209,645 -614,111 67,748 73,288
Total Unusual Items Excluding Goodwill 209,645 -614,111 67,748 73,288
Tax Rate For Calcs 0.15 0.07 0.21 0.05
Normalized Income 4.6M 3.2M 1.1M 2.6M
Depreciation Amortization Depletion Income Statement 439,223 430,400 263,668 167,995
Diluted NI Availto Com Stockholders 4.8M 2.7M 1.2M 2.6M
Insurance And Claims 425,204 395,063 323,883 238,696
Net Income Continuous Operations 4.8M 2.7M 1.2M 2.6M
Net Non Operating Interest Income Expense 104,659 204,429 26,834 -23,832
Other Gand A 1.2M 894,365 901,521 653,141
Other Special Charges -- -- -27,700 --
Reconciled Cost Of Revenue 8.8M 9.1M 7.1M 3.9M
Rent And Landing Fees 256,253 212,007 185,362 90,677
Rent Expense Supplemental 256,253 212,007 185,362 90,677
Salaries And Wages 5.1M 3.9M 3.3M 1.1M
Selling And Marketing Expense 377,116 402,690 207,710 1.4M
Total Expenses 16.5M 15.4M 12.3M 7.6M
Total Operating Income As Reported 3.1M 3.2M 1.4M 2.7M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 11.8M 7.9M 6.2M 3.9M
Cash Cash Equivalents And Short Term Investments 11.8M 7.9M 6.2M 3.9M
Cash Financial -- -- 6.2M 3.9M
Accounts Receivable 2.8M 3.8M 2.5M 1.4M
Receivables 4.5M 4.4M 3.2M 2.0M
Inventory -- -1,788 0.00 --
Prepaid Assets 1.1M 407,717 337,850 233,022
Current Assets 17.3M 12.7M 10.0M 6.3M
Gross PPE 4.4M 3.7M 2.1M 1.8M
Accumulated Depreciation -2.2M -1.9M -1.7M -1.6M
Net PPE 2.2M 1.8M 395,456 255,141
Goodwill And Other Intangible Assets 146,895 230,835 314,775 398,715
Other Intangible Assets 146,895 230,835 314,775 398,715
Investments And Advances 6.0M 4.0M 5.3M 6.9M
Long Term Equity Investment 6.0M 4.0M 5.3M 6.9M
Total Non Current Assets 9.8M 6.1M 6.0M 7.5M
Total Assets 27.1M 18.9M 16.0M 13.8M
Current Debt 82,500 82,500 82,500 82,500
Current Debt And Capital Lease Obligation 240,919 187,936 274,488 202,539
Accounts Payable 1.0M 661,989 647,151 591,533
Payables 1.1M 686,122 674,629 627,364
Payables And Accrued Expenses 1.7M 1.3M 1.2M 1.0M
Current Accrued Expenses 670,862 654,118 566,151 414,438
Current Deferred Revenue 1.6M 37,350 436,039 73,243
Other Current Liabilities -- -- 142,000 --
Current Liabilities 4.7M 2.2M 2.8M 1.7M
Long Term Debt 248,728 229,596 185,625 268,125
Long Term Debt And Capital Lease Obligation 1.7M 1.7M 271,427 354,537
Long Term Capital Lease Obligation 1.5M 1.5M 85,802 86,412
Other Non Current Liabilities -- -- -- 169,700
Total Non Current Liabilities Net Minority Interest 1.8M 1.9M 555,167 777,797
Total Liabilities Net Minority Interest 6.6M 4.1M 3.3M 2.5M
Common Stock 56.8M 56.3M 56.7M 56.6M
Capital Stock 56.8M 56.3M 56.7M 56.6M
Additional Paid In Capital 11.2M 11.1M 10.9M 10.7M
Retained Earnings -49.1M -53.9M -56.5M -57.7M
Gains Losses Not Affecting Retained Earnings 1.6M 1.2M 1.6M 1.8M
Other Equity Adjustments 1.6M 1.2M 1.6M 1.8M
Common Stock Equity 20.5M 14.8M 12.6M 11.3M
Stockholders Equity 20.5M 14.8M 12.6M 11.3M
Total Equity Gross Minority Interest 20.5M 14.8M 12.6M 11.3M
Total Capitalization 20.8M 15.0M 12.8M 11.6M
Net Tangible Assets 20.4M 14.5M 12.3M 10.9M
Tangible Book Value 20.4M 14.5M 12.3M 10.9M
Working Capital 12.6M 10.5M 7.2M 4.6M
Invested Capital 20.9M 15.1M 12.9M 11.7M
Total Debt 1.9M 1.9M 545,915 557,076
Share Issued 1.3M 1.2M 1.3M 1.2M
Ordinary Shares Number 1.3M 1.2M 1.3M 1.2M
Allowance For Doubtful Accounts Receivable -16,025 -1,788 0.00 --
Capital Lease Obligations 1.6M 1.6M 277,790 206,451
Current Capital Lease Obligation 158,419 105,436 191,988 120,039
Current Deferred Liabilities 2.7M 651,962 1.1M 467,684
Gross Accounts Receivable 2.8M 3.8M 2.5M --
Investmentsin Joint Venturesat Cost 6.0M 4.0M 5.3M 6.9M
Machinery Furniture Equipment 580,593 580,593 580,593 580,593
Non Current Deferred Assets 1.4M 0.00 -- --
Non Current Deferred Liabilities 141,870 170,244 283,740 253,560
Non Current Deferred Revenue 141,870 170,244 283,740 253,560
Non Current Deferred Taxes Assets 1.4M 0.00 -- --
Non Current Prepaid Assets 52,203 52,204 17,080 24,881
Other Current Borrowings 82,500 82,500 82,500 82,500
Other Inventories -- -1,788 -- --
Other Properties 3.8M 3.1M 1.5M 1.2M
Other Receivables 1.7M 592,976 737,940 581,803
Restricted Cash -- 0.00 180,307 83,137
Total Tax Payable 61,495 24,133 27,478 35,831
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 3.0M 870,335 -363,723 -249,822
Cash Flow From Continuing Operating Activities 3.0M 870,335 -363,723 -249,823
Depreciation And Amortization 439,223 430,400 263,668 167,995
Depreciation Amortization Depletion 439,223 430,400 263,668 167,995
Stock Based Compensation 1.0M 466,097 670,615 302,749
Deferred Tax -1.3M 0.00 -- --
Deferred Income Tax -1.3M 0.00 -- --
Change In Working Capital 837,795 -2.5M -904,105 -508,516
Change In Receivables -12,125 -1.6M -1.2M -244,384
Change In Payables And Accrued Expense 409,972 -2,049 235,937 -43,675
Change In Other Working Capital 1.1M -843,833 158,845 -160,227
Change In Other Current Assets -- -105,540 -96,613 --
Change In Other Current Liabilities -- -503,635 -113,664 --
Other Non Cash Items -197,816 -208,714 -26,834 23,833
Capital Expenditure -581,986 -180,387 -181,401 -194,890
Purchase Of PPE -581,986 -180,387 -81,401 -44,890
Net PPE Purchase And Sale -581,986 -176,102 -81,401 -44,890
Purchase Of Business -- 0.00 -49.00 0.00
Investing Cash Flow 466,413 1.3M 2.8M 987,883
Cash Flow From Continuing Investing Activities 466,413 1.3M 2.8M 987,883
Issuance Of Debt 176,026 273,699 0.00 0.00
Repayment Of Debt -270,440 -340,619 -248,860 -171,887
Net Issuance Payments Of Debt -94,414 -66,920 -248,860 -171,887
Repurchase Of Capital Stock 0.00 -377,772 0.00 --
Net Common Stock Issuance 0.00 -377,772 0.00 --
Common Stock Payments 0.00 -377,772 0.00 --
Financing Cash Flow 306,382 -445,238 -194,904 -14,095
Cash Flow From Continuing Financing Activities 306,382 -445,238 -194,904 -14,095
Effect Of Exchange Rate Changes 112,624 -45,964 80,870 -19,944
Changes In Cash 3.7M 1.7M 2.2M 723,966
Beginning Cash Position 7.9M 6.2M 3.9M 3.2M
End Cash Position 11.8M 7.9M 6.2M 3.9M
Free Cash Flow 2.4M 689,948 -545,124 -444,712
Amortization Cash Flow 83,940 83,940 83,940 20,985
Amortization Of Intangibles 83,940 83,940 83,940 20,985
Asset Impairment Charge 14,237 473,112 8,050 -94,630
Cash Dividends Paid 0.00 0.00 0.00 0.00
Change In Prepaid Assets -675,444 -105,540 -96,613 -60,230
Depreciation 355,283 346,460 179,728 147,010
Dividends Received Cfi 784,618 1.4M 2.9M 1.2M
Earnings Losses From Equity Investments -2.5M -418,816 -1.5M -2.8M
Gain Loss On Sale Of PPE -- -4,285 0.00 --
Interest Paid Cff -103,929 -26,796 -26,494 -29,406
Interest Received Cfi 263,781 103,470 53,345 5,573
Long Term Debt Issuance 176,026 273,699 0.00 0.00
Long Term Debt Payments -270,440 -340,619 -248,860 -171,887
Net Business Purchase And Sale -- 0.00 -49.00 0.00
Net Foreign Currency Exchange Gain Loss -103,421 -6,457 -49,574 32,460
Net Income From Continuing Operations 4.8M 2.7M 1.2M 2.6M
Net Intangibles Purchase And Sale -- 0.00 -100,000 -150,000
Net Long Term Debt Issuance -94,414 -66,920 -248,860 -171,887
Operating Gains Losses -2.6M -425,273 -1.5M -2.8M
Proceeds From Stock Option Exercised 504,725 26,250 80,450 187,198
Purchase Of Intangibles -- 0.00 -100,000 -150,000
Sale Of PPE 0.00 4,285 0.00 --
Taxes Refund Paid -105,785 0.00 -- --
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