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Mechel PAO Balance Sheet 2021-2009 | MTL
Brief overview of Mechel PAO's assets and capital
The balance sheet is assessed across five available annual reports spanning 2017 to 2021.
The asset base decreased -25.6%, from ₽319.1 billion to ₽237.5 billion. Resources became smaller over the five periods.
Assets and liabilities changed at similar rates, -25.6% and -31.7%. The funding mix did not shift sharply.
Net asset value fell below zero as liabilities exceeded assets. This is one of the most material balance sheet risks.
The balance sheet holds more cash than interest-bearing debt; net debt is -₽6.3 billion, indicating minimal leverage.
The cash reserve occupies 7.5% of the balance sheet, previously 0.8%. It is one marker of short-term resilience.
The balance sheet includes a negative accumulated result of -₽192.7 billion. It should be assessed alongside historical profits and capital distributions.
What the balance sheet shows
Mechel PAO's balance sheet profile remains vulnerable. Lower liabilities and capital accumulation are the main routes to improvement.
Annual Balance Sheet Mechel PAO
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-6.29 B | 9.79 B | 13.8 B | 6.49 B | 14.9 B | 9.96 B | 1.23 B | 5.18 B | 287 B | 276 B | 280 B | - | - |
Long Term Debt |
3.89 B | 3.96 B | 7 B | 2.41 B | 17.4 B | 11.6 B | 4.31 B | 9.26 B | 247 B | 241 B | 216 B | - | - |
Long Term Debt Current |
7.53 B | 7.54 B | 10.4 B | 5.88 B | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
21.4 B | 25.2 B | 86.7 B | 74.6 B | 79.1 B | 72.7 B | 23.4 B | 29.7 B | 310 B | 316 B | 294 B | - | - |
Total Liabilities |
385 B | 425 B | 546 B | 551 B | 563 B | 578 B | 604 B | 520 B | 428 B | 430 B | 446 B | - | - |
Deferred Revenue |
- | 6.07 B | 5.82 B | 5.03 B | 4.38 B | 3.82 B | 3.49 B | 4.54 B | 3.01 B | 4.7 B | 6.59 B | - | - |
Retained Earnings |
-193 B | -273 B | -274 B | -274 B | -284 B | -294 B | -302 B | -265 B | -14.1 B | 76 B | 139 B | - | - |
Total Assets |
238 B | 194 B | 313 B | 318 B | 319 B | 325 B | 342 B | 373 B | 455 B | 538 B | 618 B | - | - |
Cash and Cash Equivalents |
17.7 B | 1.71 B | 3.51 B | 1.8 B | 2.45 B | 1.69 B | 3.08 B | 4.07 B | - | - | - | - | - |
Book Value |
-147 B | -231 B | -234 B | -233 B | -244 B | -253 B | -262 B | -147 B | 26.7 B | 108 B | 172 B | - | - |
Total Shareholders Equity |
-147 B | -231 B | -234 B | -234 B | -246 B | -253 B | -262 B | -146 B | - | - | - | - | - |
All numbers in RUB currency
Quarterly Balance Sheet Mechel PAO
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 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 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2009-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
- | - | - | - | 3.89 B | - | - | - | 3.96 B | - | - | - | 7 B | - | - | - | 2.41 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | 21.4 B | - | - | - | 25.2 B | - | - | - | 86.7 B | - | - | - | 74.6 B | - | - | - | 79.1 B | - | - | - | 72.7 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
- | - | - | - | 385 B | - | - | - | 425 B | - | - | - | 546 B | - | - | - | 551 B | - | - | - | 563 B | - | - | - | 578 B | - | - | - | 604 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
- | - | - | - | -193 B | - | - | - | -273 B | - | - | - | -274 B | - | - | - | -274 B | - | - | - | -284 B | - | - | - | -294 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
- | - | - | - | 238 B | - | - | - | 194 B | - | - | - | 313 B | - | - | - | 318 B | - | - | - | 319 B | - | - | - | 325 B | - | - | - | 342 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
- | - | - | - | 17.7 B | - | - | - | 1.71 B | - | - | - | 3.51 B | - | - | - | 1.8 B | - | - | - | 2.45 B | - | - | - | 1.69 B | - | - | - | 3.08 B | - | - | - | 4.07 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
- | - | - | - | -147 B | - | - | - | -231 B | - | - | - | -234 B | - | - | - | -233 B | - | - | - | -244 B | - | - | - | -253 B | - | - | - | -262 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
- | - | - | - | -147 B | - | - | - | -231 B | - | - | - | -234 B | - | - | - | -234 B | - | - | - | -246 B | - | - | - | -253 B | - | - | - | -262 B | - | - | - | -146 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in RUB currency
Balance Sheet is a fundamental financial report of Mechel PAO, 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.
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