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Grupo Simec, S.A.B. de C.V. Balance Sheet 2024-2011 | SIM
Brief overview of Grupo Simec, S.A.B. de C.V.'s balance sheet strength
This overview follows the five latest available annual observations between 2020 and 2024.
Assets rose from 45.5 billion MXN to 73.3 billion MXN, a gain of +61.1%, while CAGR was about 12.7%. The balance sheet expanded rapidly.
Growth in the asset base was not matched by liabilities: +61.1% versus +12.6%. The balance sheet moved in a more conservative direction.
Internal capital represents 80.8% of the balance sheet, previously 72.6%. This is a strong capital position.
The cash share moved from 17% to 39.8%. A higher figure generally provides more room in an adverse scenario.
Retained earnings are 52.9 billion MXN versus 27.2 billion MXN initially. The direction shows how results contributed to equity.
What the balance sheet shows
Grupo Simec, S.A.B. de C.V. has a solid balance sheet cushion. Capital and liquidity support development without excessive reliance on debt.
Annual Balance Sheet Grupo Simec, S.A.B. de C.V.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | - | - | - | - | - | - | - | -7.53 B | -6.22 B | -7 B | -6.98 B | -8.1 B | -6.53 B |
Total Non Current Liabilities |
3.86 B | 4.01 B | 4.48 B | - | 3.84 B | - | 4.35 B | 4.18 B | 2.91 B | 1.54 B | 2.29 B | 2.3 B | 3.05 B | 3.18 B |
Total Liabilities |
14.1 B | 17 B | 19.6 B | 15.5 B | 12.5 B | 11.4 B | 13.3 B | 11.7 B | 8.43 B | 7.12 B | 8.12 B | 7 B | 6.79 B | 7 B |
Deferred Revenue |
- | - | - | - | - | 1.12 B | - | - | - | - | - | - | - | - |
Retained Earnings |
52.9 B | 42.4 B | 38.1 B | - | 27.2 B | 20 B | 21.6 B | 20.8 B | 19.1 B | 17.2 B | 18.4 B | 17.2 B | 16.7 B | 12.9 B |
Total Assets |
73.3 B | 66.8 B | 67.6 B | 57.3 B | 45.5 B | 44 B | 48.9 B | 46 B | 41.6 B | 32.2 B | 35.9 B | 33.3 B | 32.5 B | 31.3 B |
Cash and Cash Equivalents |
29.2 B | 23.6 B | 21.5 B | 15.1 B | 7.73 B | 7.45 B | 6.99 B | 7.2 B | 7.54 B | - | - | - | - | - |
Book Value |
59.2 B | 49.8 B | 48 B | 41.8 B | 33 B | 32.6 B | 35.5 B | 34.3 B | 33.2 B | 25.1 B | 27.8 B | 26.3 B | 25.7 B | 24.3 B |
Total Shareholders Equity |
59.2 B | 49.8 B | 48 B | - | 33 B | 32.6 B | 35.5 B | 34.3 B | 33.2 B | - | - | - | - | - |
All numbers in MXN currency
Quarterly Balance Sheet Grupo Simec, S.A.B. de C.V.
| 2024-Q4 | 2023-Q4 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Non Current Liabilities |
3.86 B | 4.01 B | - | - | - | - | 4.48 B | - | - | - | 4.06 B | - | - | - | 4.12 B | - | - | - | 4.35 B | - | - | - | 4.18 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
14.1 B | 17 B | - | - | - | - | 15.5 B | - | - | - | 12.5 B | - | - | - | 11.4 B | - | - | - | 13.3 B | - | - | - | 11.7 B | - | - | - | 8.65 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
52.9 B | 42.4 B | - | - | - | - | 30.2 B | - | - | - | 20.8 B | - | - | - | 20 B | - | - | - | 21.6 B | - | - | - | 21 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
73.3 B | 66.8 B | - | - | - | - | 57.3 B | - | - | - | 45.5 B | - | - | - | 44 B | - | - | - | 48.9 B | - | - | - | 46 B | - | - | - | 41.9 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
29.2 B | 23.6 B | - | - | - | - | 15.1 B | - | - | - | 7.73 B | - | - | - | 7.45 B | - | - | - | 6.99 B | - | - | - | 7.2 B | - | - | - | 7.54 B | - | - | - | 6.22 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
59.2 B | 49.8 B | - | - | - | - | 41.8 B | - | - | - | 33 B | - | - | - | 32.6 B | - | - | - | 35.5 B | - | - | - | 34.3 B | - | - | - | 33.2 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
59.2 B | 49.8 B | - | - | - | - | 41.8 B | - | - | - | 33 B | - | - | - | 32.6 B | - | - | - | 35.5 B | - | - | - | 34.3 B | - | - | - | 33.2 B | - | - | - | 25.1 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in MXN currency
Balance Sheet is a fundamental financial report of Grupo Simec, S.A.B. de C.V., 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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