Мультисистема MSST

Quarterly report 2021-Q2
added 08-10-2026

Мультисистема Balance Sheet 2020-2010 | MSST

Brief overview of Мультисистема's balance sheet structure

The balance sheet is assessed across five available annual reports spanning 2016 to 2020.

Assets reached ₽3.3 billion, compared with ₽2.6 million at the beginning. Growth of +126,980.2% and CAGR near 497.1% show active expansion.

Liabilities expanded faster than the asset base, +3,129,873.5% versus +126,980.2%. Debt-service capacity deserves attention.

Equity funds just 2.4% of assets versus 96% previously. The balance sheet is sensitive to weaker results.

Net debt is ₽35.8 million, or 0.45x of equity. This is a conservative debt position.

Current assets cover current liabilities by 1.01x. Working capital of ₽17.3 million provides a moderate cushion.

The cash reserve occupies 0.2% of the balance sheet, previously 41.2%. It is one marker of short-term resilience.

Retained earnings stand at ₽79.6 million; the five-period change was +3,263.2%. This reflects accumulated business performance.

Balance sheet takeaway

Мультисистема has limited balance sheet resilience and depends heavily on cash generation and refinancing capacity.

Annual Balance Sheet Мультисистема

	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash And Cash Equivalents	5.78 M	20.3 M	52.6 M	31.1 M	1.06 M	512 K	2.09 M	24.1 M	13.8 M	37.7 M	25.9 M
Total Current Assets	3.21 B	2.67 B	1.58 B	1.24 B	2.22 M	2.91 M	3.28 M	189 M	187 M	141 M	262 M
Property Plant Equipment Net	9.14 M	4.12 M	7.08 M	4.95 M	-	-	-	60.4 M	24.3 M	39.3 M	15.4 M
Intangible Assets	66 K	66 K	44 K	44 K	-	-	-	46 K	237 K	115 K	-
Goodwill And Intangible Assets	66 K	66 K	44 K	44 K	-	-	-	46 K	237 K	115 K	169 K
Long-Term Investments	-	-	-	-	-	-	-	-	-	50.1 M	31.5 M
Tax Assets	-	-	-	4.41 M	345 K	345 K	345 K	1.75 M	722 K	1.19 M	2.86 M
Total Non Current Assets	64.8 M	46 M	48.9 M	30.8 M	357 K	357 K	357 K	114 M	78.6 M	90.7 M	49.9 M
Total Assets	3.27 B	2.72 B	1.63 B	1.27 B	2.58 M	3.26 M	3.63 M	303 M	266 M	232 M	312 M
Account Payables	911 M	973 M	812 M	241 M	38.8 M	841 K	363 K	138 K	27.1 M	46.4 M	93.6 M
Short-Term Debt	41.6 M	38 M	85.5 M	80.2 M	102 M	-	1.6 M	4.1 M	8.1 M	-	23 K
Tax Payables	3.09 M	2.8 M	3.47 M	3.15 M	-	-	-	883 K	307 K	1.51 M	3.23 M
Deferred Revenue	-	4.24 M	4.56 M	11.8 M	-	-	-	2.25 M	7.42 M	-	8.25 M
Total Current Liabilities	3.19 B	2.64 B	1.53 B	1.16 B	103 K	841 K	1.96 M	95 M	55.8 M	48.6 M	111 M
Long-Term Debt	42 M	38 M	85 M	80 M	8.17 M	-	-	-	-	-	-
Deferred Tax Liabilities Non Current	2.36 M	505 K	1.06 M	-	-	-	-	-	22 K	21 K	1.86 M
Total Non Current Liabilities	2.36 M	505 K	1.06 M	321 M	-1 K	1 K	-1 K	74.2 M	22 K	21 K	1.86 M
Total Liabilities	3.19 B	2.64 B	1.53 B	1.16 B	102 K	842 K	1.96 M	95 M	55.8 M	48.7 M	113 M
Retained Earnings	79.6 M	76.7 M	100 M	111 M	2.37 M	2.32 M	1.57 M	174 M	190 M	183 M	199 M
Accumulated Other Comprehensive Income Loss	-	-	-21.5 M	-21.5 M	-	-	-	-8.41 M	-7.42 M	-3.98 M	-
Total Stockholders Equity	79.7 M	76.8 M	101 M	111 M	2.47 M	2.42 M	1.67 M	174 M	190 M	183 M	199 M
Total Liabilities And Stockholders Equity	3.27 B	2.72 B	1.63 B	1.27 B	2.58 M	3.26 M	3.63 M	303 M	266 M	232 M	312 M
Total Investments	-	-	-	-	12 K	12 K	12 K	-	-	50.1 M	31.5 M
Total Debt	41.6 M	38 M	85.5 M	80.2 M	100 M	-	1.6 M	2 M	20.8 M	-	23 K
Net Debt	35.8 M	17.7 M	32.9 M	49.1 M	-1.06 M	-512 K	-487 K	-22.1 M	7.06 M	-37.7 M	-25.9 M

All numbers in RUB currency

Quarterly Balance Sheet Мультисистема

	2021-Q2	2020-Q4	2020-Q2	2019-Q4	2019-Q2	2018-Q4	2018-Q2	2017-Q3	2017-Q2	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2011-Q4
Cash And Cash Equivalents	14 M	6 M	3.15 M	20 M	12 M	52.6 M	4.69 M	12 K	497 K	1.06 M	118 K	977 K	71 K	512 K	74 K	897 K	321 K	2.09 M	2.47 M	23 K	3.23 M	1.2 M	652 K	970 K	1.07 M	13.8 M	2.05 M	37.7 M
Total Current Assets	-	3.21 B	2.93 B	2.67 B	1.83 B	1.58 B	1.46 B	2.78 M	370 M	2.22 M	2.03 M	143 M	2.37 M	2.91 M	2.87 M	218 M	2.82 M	3.28 M	3.69 M	2.55 M	3.71 M	1.67 M	1.24 M	1.28 M	1.09 M	187 M	135 M	141 M
Property Plant Equipment Net	-	9.14 M	13.1 M	4.12 M	5.91 M	7.08 M	3.86 M	-	7.44 M	-	-	7.57 M	-	-	-	16.2 M	-	-	-	-	-	-	-	-	-	24.3 M	62.1 M	39.3 M
Intangible Assets	-	66 K	-	66 K	-	44 K	-	-	45 K	-	-	60 K	-	-	-	67 K	-	-	-	-	-	-	-	-	-	237 K	-	115 K
Goodwill And Intangible Assets	-	66 K	66 K	66 K	44 K	44 K	34 K	-	45 K	-	-	60 K	-	-	-	67 K	-	-	-	-	-	-	-	-	-	237 K	297 K	115 K
Long-Term Investments	-	-	-	-	-	-	-	-	-	-	-	8.22 M	-	-	-	-10.3 M	-	-	-	-	-	-	-	-	-	-	-	50.1 M
Tax Assets	-	-	24.6 M	-	4.91 M	-	4.36 M	345 K	345 K	345 K	345 K	10.1 M	345 K	345 K	345 K	52 K	345 K	345 K	346 K	346 K	333 K	346 K	409 K	437 K	437 K	722 K	1.74 M	1.19 M
Total Non Current Assets	-	64.8 M	79.6 M	46 M	52.7 M	48.9 M	72.4 M	357 K	58.6 M	357 K	357 K	80.4 M	357 K	357 K	357 K	70.3 M	357 K	357 K	358 K	358 K	345 K	358 K	421 K	450 K	450 K	78.6 M	117 M	90.7 M
Total Assets	3.6 B	3.3 B	3.01 B	2.72 B	1.88 B	1.63 B	1.53 B	3.14 M	428 M	2.58 M	2.39 M	224 M	2.73 M	3.26 M	3.23 M	289 M	3.17 M	3.63 M	4.05 M	2.91 M	4.06 M	2.02 M	1.66 M	1.73 M	1.54 M	266 M	252 M	232 M
Account Payables	-	911 M	328 M	973 M	826 M	812 M	333 M	315 K	103 M	103 K	115 K	22.8 M	207 K	841 K	425 K	75.5 M	425 K	363 K	265 K	250 K	1.1 M	138 K	23 K	205 K	12 K	27.1 M	36.1 M	46.4 M
Short-Term Debt	-	41.6 M	40.1 M	38 M	64.3 M	85.5 M	44.4 M	-	139 M	-	-	71.5 M	-	-	1.6 M	20.5 M	1.6 M	1.6 M	1.6 M	4.1 M	4.1 M	4.1 M	4.1 M	4.1 M	4.1 M	20.8 M	14.8 M	-
Tax Payables	-	3.09 M	3.72 M	2.8 M	1.85 M	3.47 M	28.8 M	-	4.28 M	-	-	345 K	-	-	-	1.57 M	-	-	-	-	-	-	-	-	-	307 K	371 K	1.51 M
Deferred Revenue	-	3.45 M	4.68 M	4.24 M	3.22 M	4.56 M	34.8 M	-	18.1 M	-	-	4.31 M	-	-	-	-	-	-	-	-	-	-	-	-	-	7.42 M	-	-
Total Current Liabilities	-	3.19 B	2.29 B	2.64 B	1.85 B	1.53 B	1.25 B	315 K	358 M	103 K	115 K	100 M	207 K	841 K	2.02 M	97.5 M	2.02 M	1.96 M	1.86 M	4.35 M	5.2 M	4.24 M	4.12 M	4.3 M	4.11 M	55.8 M	51.4 M	48.6 M
Long-Term Debt	41 M	42 M	-	38 M	64 M	-	-	-	8.03 M	-	-	2.4 M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Tax Liabilities Non Current	-	2.36 M	152 M	505 K	13.5 M	1.06 M	-	-	-	-	-	9 K	-	-	-	910 K	-	-	-	-	-	-	-	-	-	22 K	36 K	21 K
Total Non Current Liabilities	-	2.36 M	152 M	505 K	13.5 M	1.06 M	-	-	8.03 M	-1 K	-	2.41 M	-	1 K	-	910 K	-	-1 K	-	-	1 K	-1 K	-1 K	-	1 K	22 K	36 K	21 K
Total Liabilities	3.55 B	3.22 B	2.44 B	2.64 B	1.86 B	1.53 B	1.25 B	315 K	366 M	102 K	115 K	102 M	207 K	842 K	2.02 M	98.4 M	2.02 M	1.96 M	1.86 M	4.35 M	5.2 M	4.24 M	4.12 M	4.3 M	4.11 M	55.8 M	51.4 M	48.7 M
Retained Earnings	-	79.6 M	571 M	76.7 M	18.7 M	100 M	278 M	2.72 M	62 M	2.37 M	2.17 M	121 M	2.42 M	2.32 M	1.1 M	130 M	1.04 M	1.57 M	2.08 M	-1.55 M	-1.25 M	-2.31 M	-2.56 M	-2.67 M	-2.67 M	190 M	201 M	183 M
Total Stockholders Equity	50 M	79 M	571 M	77 M	19 M	101 M	278 M	2.83 M	62.1 M	2.47 M	2.27 M	121 M	2.52 M	2.42 M	1.2 M	130 M	1.15 M	1.67 M	2.18 M	-1.44 M	-1.15 M	-2.21 M	-2.46 M	-2.57 M	-2.57 M	190 M	201 M	183 M
Total Liabilities And Stockholders Equity	-	3.27 B	3.01 B	2.72 B	1.88 B	1.63 B	1.53 B	3.14 M	428 M	2.58 M	2.39 M	224 M	2.73 M	3.26 M	3.23 M	289 M	3.17 M	3.63 M	4.05 M	2.91 M	4.06 M	2.02 M	1.66 M	1.73 M	1.54 M	266 M	252 M	232 M
Total Investments	-	-	-	-	-	-	2 K	12 K	7.03 M	12 K	12 K	8.27 M	12 K	12 K	12 K	12 K	12 K	12 K	12 K	12 K	12 K	12 K	12 K	12 K	12 K	-	-	-
Total Debt	41 M	42 M	40.1 M	38 M	64 M	85.5 M	44.4 M	-	147 M	-	-	73.9 M	-	-	1.6 M	20.5 M	1.6 M	1.6 M	1.6 M	4.1 M	4.1 M	4.1 M	4.1 M	4.1 M	4.1 M	20.8 M	14.8 M	-
Net Debt	30 M	40 M	-	20 M	50 M	32.9 M	39.7 M	-12 K	146 M	-1.06 M	-118 K	72.9 M	-71 K	-512 K	1.53 M	19.6 M	1.28 M	-487 K	-867 K	4.08 M	871 K	2.9 M	3.45 M	3.13 M	3.03 M	7.06 M	12.8 M	-37.7 M

All numbers in RUB currency

Balance Sheet is a fundamental financial report of Мультисистема, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis

Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability.
Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

Balance sheet of other industry stocks – Utilities regulated water

Issuer	Price	% 24h	Market Cap	Country
California Water Service Group CWT	$ 45.91	-1.21 %	$ 2.73 B	USA
Artesian Resources Corporation ARTNA	$ 32.96	-1.41 %	$ 340 M	USA
American Water Works Company AWK	$ 134.76	-0.76 %	$ 26.3 B	USA
American States Water Company AWR	$ 82.14	-1.14 %	$ 3.17 B	USA
Cadiz CDZI	$ 3.97	-0.75 %	$ 330 M	USA
Consolidated Water Co. Ltd. CWCO	$ 27.15	-1.99 %	$ 432 M	Cayman-islands
Essential Utilities WTRG	$ 40.74	-0.59 %	$ 7.94 B	USA
Middlesex Water Company MSEX	$ 53.63	-0.76 %	$ 970 M	USA
Companhia de Saneamento Básico do Estado de São Paulo - SABESP SBS	$ 6.32	-1.48 %	$ 113 B	Brasil
Pure Cycle Corporation PCYO	$ 10.56	-0.66 %	$ 254 M	USA
The York Water Company YORW	$ 30.56	-0.59 %	$ 440 M	USA
Global Water Resources GWRS	$ 7.65	-1.54 %	$ 207 M	USA
SJW Group SJW	-	-1.27 %	$ 1.69 B	USA

Мультисистема Balance Sheet 2020-2010 | MSST

Brief overview of Мультисистема's balance sheet structure

Balance sheet takeaway

Annual Balance Sheet Мультисистема

Cash And Cash Equivalents

Total Current Assets

Property Plant Equipment Net

Intangible Assets

Goodwill And Intangible Assets

Long-Term Investments

Tax Assets

Total Non Current Assets

Total Assets

Account Payables

Short-Term Debt

Tax Payables

Deferred Revenue

Total Current Liabilities

Long-Term Debt

Deferred Tax Liabilities Non Current

Total Non Current Liabilities

Total Liabilities

Retained Earnings

Accumulated Other Comprehensive Income Loss

Total Stockholders Equity

Total Liabilities And Stockholders Equity

Total Investments

Total Debt

Net Debt

Annual performance