MSB Financial Statements

Balance sheet, income statement, cash flow, and dividends for Mesabi Trust (MSB).


$309.63M Market Cap.

As of 04/25/2025 5:00 PM ET (MRY) • Disclaimer

MSB Market Cap. (MRY)


MSB Shares Outstanding (MRY)


MSB Assets (MRY)


Total Assets

$101.73M

Total Liabilities

$78.40M

Total Investments

$0

MSB Income (MRY)


Revenue

$98.60M

Net Income

$93.27M

Operating Expense

$5.32M

MSB Cash Flow (MRY)


CF Operations

$93.94M

CF Investing

$0

CF Financing

-$17.71M

MSB Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$6.93

29.40%

862.50%

97.48%

1.03

2023

$0.72

3.70%

-61.70%

49.76%

2.01

2022

$1.88

8.20%

-54.70%

464.20%

0.22

2021

$4.15

14.80%

190.21%

79.18%

1.26

2020

$1.43

5.70%

-

80.16%

1.25

MSB Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$101,728,455 (281.14%)

$26,690,352 (89.06%)

$14,117,298 (-73.81%)

$53,913,213 (135.13%)

Assets Current

$101,728,452 (281.14%)

$26,690,349 (89.06%)

$14,117,295 (-73.81%)

$53,913,210 (135.13%)

Assets Non-Current

$3 (0.00%)

$3 (0.00%)

$3 (0.00%)

$3 (0.00%)

Goodwill & Intangible Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Shareholders Equity

$23,327,720 (11.22%)

$20,975,146 (83.38%)

$11,438,217 (-62.86%)

$30,794,752 (86.89%)

Property Plant & Equipment Net

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Cash & Equivalents

$100,204,531 (317.86%)

$23,980,448 (71.70%)

$13,966,500 (-70.74%)

$47,727,522 (281.79%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$1,160,761 (-40.79%)

$1,960,358 (8220.00%)

$23,562 (-99.49%)

$4,631,510 (1756.49%)

Trade & Non-Trade Payables

$78,064,060 (1508.11%)

$4,854,404 (0%)

$0 (0%)

$22,960,018 (280.43%)

Accumulated Retained Earnings (Deficit)

-

-

-

-

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$78,400,735 (1271.79%)

$5,715,206 (113.33%)

$2,679,081 (-88.41%)

$23,118,461 (258.32%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

MSB Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$98,595,651 (331.26%)

$22,862,029 (195.30%)

$7,741,974 (-89.17%)

$71,459,790 (175.37%)

Cost of Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Selling General & Administrative Expense

$4,997,771 (40.59%)

$3,554,913 (67.98%)

$2,116,275 (-12.20%)

$2,410,434 (3.86%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$5,321,408 (37.20%)

$3,878,693 (59.43%)

$2,432,889 (-9.69%)

$2,694,045 (5.94%)

Interest Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Income Tax Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$93,274,243 (391.35%)

$18,983,336 (257.56%)

$5,309,085 (-92.28%)

$68,765,745 (193.77%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$93,274,243 (391.35%)

$18,983,336 (257.56%)

$5,309,085 (-92.28%)

$68,765,745 (193.77%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$93,274,243 (391.35%)

$18,983,336 (257.56%)

$5,309,085 (-92.28%)

$68,765,745 (193.77%)

Weighted Average Shares

$13,120,010 (0.00%)

$13,120,010 (0.00%)

$13,120,010 (0.00%)

$13,120,010 (0.00%)

Weighted Average Shares Diluted

$13,120,010 (0.00%)

$13,120,010 (0.00%)

$13,120,010 (0.00%)

$13,120,010 (0.00%)

Earning Before Interest & Taxes (EBIT)

$93,274,243 (391.35%)

$18,983,336 (257.56%)

$5,309,085 (-92.28%)

$68,765,745 (193.77%)

Gross Profit

$98,595,651 (331.26%)

$22,862,029 (195.30%)

$7,741,974 (-89.17%)

$71,459,790 (175.37%)

Operating Income

$93,274,243 (391.35%)

$18,983,336 (257.56%)

$5,309,085 (-92.28%)

$68,765,745 (193.77%)

MSB Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

$0 (0%)

$0 (0%)

$0 (0%)

$9,906,669 (189.18%)

Net Cash Flow from Financing

-$17,712,013 (-285.71%)

-$4,592,003 (90.36%)

-$47,625,638 (-26.92%)

-$37,523,229 (-71.26%)

Net Cash Flow from Operations

$93,936,096 (543.14%)

$14,605,951 (5.35%)

$13,864,616 (-77.94%)

$62,843,141 (202.02%)

Net Cash Flow / Change in Cash & Cash Equivalents

$76,224,083 (661.18%)

$10,013,948 (129.66%)

-$33,761,022 (-195.84%)

$35,226,581 (1416.24%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$9,906,669 (189.18%)

Capital Expenditure

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Issuance (Repayment) of Debt Securities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Issuance (Purchase) of Equity Shares

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Payment of Dividends & Other Cash Distributions

-$17,712,013 (-285.71%)

-$4,592,003 (90.36%)

-$47,625,638 (-26.92%)

-$37,523,229 (-71.26%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Depreciation Amortization & Accretion

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

MSB Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

Profit Margin

94.60% (13.98%)

83.00% (20.99%)

68.60% (-28.69%)

96.20% (6.65%)

EBITDA Margin

94.60% (13.98%)

83.00% (20.99%)

68.60% (-28.69%)

96.20% (6.65%)

Return on Average Equity (ROAE)

231.10% (132.03%)

99.60% (235.35%)

29.70% (-87.10%)

230.30% (16.14%)

Return on Average Assets (ROAA)

147.00% (72.74%)

85.10% (299.53%)

21.30% (-86.24%)

154.80% (12.01%)

Return on Sales (ROS)

94.60% (13.98%)

83.00% (20.99%)

68.60% (-28.69%)

96.20% (6.65%)

Return on Invested Capital (ROIC)

2591.00% (291.04%)

662.60% (863.08%)

68.80% (-89.02%)

626.80% (130.19%)

Dividend Yield

29.40% (694.59%)

3.70% (-54.88%)

8.20% (-44.59%)

14.80% (159.65%)

Price to Earnings Ratio (P/E)

3.32 (-75.38%)

13.48 (-76.29%)

56.86 (965.07%)

5.34 (-61.73%)

Price to Sales Ratio (P/S)

3.14 (-71.95%)

11.2 (-71.31%)

39.03 (659.74%)

5.14 (-59.18%)

Price to Book Ratio (P/B)

13.27 (8.76%)

12.2 (-53.80%)

26.42 (121.59%)

11.92 (-39.85%)

Debt to Equity Ratio (D/E)

3.36 (1135.66%)

0.27 (16.24%)

0.23 (-68.84%)

0.75 (91.58%)

Earnings Per Share (EPS)

7.11 (391.29%)

1.45 (257.28%)

0.41 (-92.27%)

5.24 (193.78%)

Sales Per Share (SPS)

7.51 (331.15%)

1.74 (195.42%)

0.59 (-89.17%)

5.45 (175.38%)

Free Cash Flow Per Share (FCFPS)

7.16 (543.31%)

1.11 (5.30%)

1.06 (-77.93%)

4.79 (202.02%)

Book Value Per Share (BVPS)

1.78 (11.19%)

1.6 (83.37%)

0.87 (-62.85%)

2.35 (86.86%)

Tangible Assets Book Value Per Share (TABVPS)

7.75 (281.22%)

2.03 (89.03%)

1.08 (-73.81%)

4.11 (135.07%)

Enterprise Value Over EBIT (EV/EBIT)

2 (-83.33%)

12 (-77.78%)

54 (980.00%)

5 (-64.29%)

Enterprise Value Over EBITDA (EV/EBITDA)

2.29 (-81.34%)

12.28 (-77.34%)

54.18 (1059.94%)

4.67 (-65.88%)

Asset Turnover

1.55 (51.61%)

1.02 (229.58%)

0.31 (-80.67%)

1.61 (5.03%)

Current Ratio

-

-

-

-

Dividends

$6.93 (862.50%)

$0.72 (-61.70%)

$1.88 (-54.70%)

$4.15 (190.21%)

Free Cash Flow (FCF)

$93,936,096 (543.14%)

$14,605,951 (5.35%)

$13,864,616 (-77.94%)

$62,843,141 (202.02%)

Enterprise Value (EV)

$213,722,087 (-8.30%)

$233,058,680 (-18.98%)

$287,649,291 (-10.46%)

$321,237,919 (0.25%)

Earnings Before Tax (EBT)

$93,274,243 (391.35%)

$18,983,336 (257.56%)

$5,309,085 (-92.28%)

$68,765,745 (193.77%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$93,274,243 (391.35%)

$18,983,336 (257.56%)

$5,309,085 (-92.28%)

$68,765,745 (193.77%)

Invested Capital

$1,523,924 (-43.76%)

$2,709,904 (1697.04%)

$150,798 (-97.56%)

$6,185,691 (-40.68%)

Working Capital

-

-

-

-

Tangible Asset Value

$101,728,455 (281.14%)

$26,690,352 (89.06%)

$14,117,298 (-73.81%)

$53,913,213 (135.13%)

Market Capitalization

$309,632,236 (20.96%)

$255,971,395 (-15.28%)

$302,153,830 (-17.69%)

$367,097,880 (12.41%)

Average Equity

$40,355,651 (111.79%)

$19,054,989 (6.60%)

$17,875,886 (-40.13%)

$29,857,508 (152.99%)

Average Assets

$63,443,842 (184.48%)

$22,301,877 (-10.48%)

$24,913,537 (-43.92%)

$44,421,381 (162.30%)

Invested Capital Average

$3,599,896 (25.64%)

$2,865,145 (-62.87%)

$7,716,058 (-29.67%)

$10,971,053 (27.63%)

Shares

13,120,010 (0.00%)

13,120,010 (0.00%)

13,120,010 (0.00%)

13,120,010 (0.00%)