TORO: Toro Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Toro Corp (TORO).
$53.65M Market Cap.
TORO Market Cap. (MRY)
TORO Shares Outstanding (MRY)
TORO Assets (MRY)
Total Assets
$326.41M
Total Liabilities
$4.70M
Total Investments
$201.05M
TORO Income (MRY)
Revenue
$22.39M
Net Income
$25.21M
Operating Expense
$15.19M
TORO Cash Flow (MRY)
CF Operations
$14.56M
CF Investing
-$122.57M
CF Financing
-$10.39M
TORO Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $326,407,184 (5.94%) | $308,104,130 (95.65%) | $157,479,103 (26.95%) | $124,046,886 |
Assets Current | $55,274,287 (-66.53%) | $165,135,568 (201.54%) | $54,763,307 (333.55%) | $12,631,253 |
Assets Non-Current | $271,132,897 (89.65%) | $142,968,562 (39.19%) | $102,715,796 (-7.81%) | $111,415,633 |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Shareholders Equity | $199,045,807 (12.62%) | $176,741,199 (25.80%) | $140,496,880 (35.05%) | $104,031,170 |
Property Plant & Equipment Net | $72,767,793 (-17.97%) | $88,708,051 (-4.09%) | $92,486,178 (-14.43%) | $108,086,280 |
Cash & Equivalents | $37,193,010 (-76.04%) | $155,235,401 (271.56%) | $41,779,594 (741.75%) | $4,963,411 |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $547,939 |
Total Investments | $201,051,705 (295.06%) | $50,891,667 (7170.24%) | $700,000 (0.00%) | $700,000 |
Investments Current | $10,364,205 (0%) | $0 (0%) | $0 (0%) | $0 |
Investments Non-Current | $190,687,500 (274.69%) | $50,891,667 (7170.24%) | $700,000 (0.00%) | $700,000 |
Inventory | $0 (0%) | $0 (0%) | $893,569 (-71.52%) | $3,137,855 |
Trade & Non-Trade Receivables | $7,663,301 (38.98%) | $5,513,816 (-57.20%) | $12,883,374 (162.25%) | $4,912,587 |
Trade & Non-Trade Payables | $338,333 (7.41%) | $315,000 (-80.83%) | $1,643,467 (-44.93%) | $2,984,344 |
Accumulated Retained Earnings (Deficit) | $140,421,449 (17.31%) | $119,701,687 (374067871.88%) | -$32 | - |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Total Debt | $0 (0%) | $5,213,786 (-60.11%) | $13,069,474 (-18.31%) | $15,999,743 |
Debt Current | $0 (0%) | $1,311,289 (-49.69%) | $2,606,302 (-11.06%) | $2,930,269 |
Debt Non-Current | $0 (0%) | $3,902,497 (-62.70%) | $10,463,172 (-19.94%) | $13,069,474 |
Total Liabilities | $4,695,558 (-60.08%) | $11,761,521 (-30.74%) | $16,982,223 (-15.16%) | $20,015,716 |
Liabilities Current | $4,695,558 (-40.25%) | $7,859,024 (20.55%) | $6,519,051 (-6.15%) | $6,946,242 |
Liabilities Non-Current | $0 (0%) | $3,902,497 (-62.70%) | $10,463,172 (-19.94%) | $13,069,474 |
TORO Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $22,394,283 (-71.46%) | $78,468,574 (-29.87%) | $111,885,865 (282.33%) | $29,264,268 |
Cost of Revenue | $12,825,960 (-55.28%) | $28,683,011 (-46.75%) | $53,861,204 (113.10%) | $25,275,239 |
Selling General & Administrative Expense | $10,198,863 (90.37%) | $5,357,265 (155.92%) | $2,093,347 (135.45%) | $889,096 |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Operating Expenses | $15,190,903 (117.45%) | -$87,072,964 (-1453.76%) | $6,431,924 (36.18%) | $4,723,213 |
Interest Expense | -$8,488,282 (-173.08%) | -$3,108,300 (-444.38%) | $902,572 (78.37%) | $506,012 |
Income Tax Expense | $0 (0%) | $350,667 (-63.48%) | $960,181 (365.71%) | $206,174 |
Net Loss Income from Discontinued Operations | -$19,695,969 (0%) | $0 (0%) | $0 (0%) | $0 |
Consolidated Income | $25,207,504 (-82.08%) | $140,636,993 (181.69%) | $49,926,415 (3590.40%) | -$1,430,391 |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Net Income | $25,207,504 (-82.08%) | $140,636,993 (181.69%) | $49,926,415 (3590.40%) | -$1,430,391 |
Preferred Dividends Income Statement Impact | $4,487,742 (24.80%) | $3,595,942 (0%) | $0 (0%) | $0 |
Net Income Common Stock | $20,719,762 (-84.88%) | $137,041,051 (174.49%) | $49,926,415 (3590.40%) | -$1,430,391 |
Weighted Average Shares | $17,399,772 (12.67%) | $15,443,485 (63.23%) | $9,461,009 (0.00%) | $9,461,009 |
Weighted Average Shares Diluted | $17,399,772 (-64.24%) | $48,659,725 | - | - |
Earning Before Interest & Taxes (EBIT) | $16,719,222 (-87.87%) | $137,879,360 (166.23%) | $51,789,168 (7310.92%) | -$718,205 |
Gross Profit | $9,568,323 (-80.78%) | $49,785,563 (-14.20%) | $58,024,661 (1354.61%) | $3,989,029 |
Operating Income | -$5,622,580 (-104.11%) | $136,858,527 (165.27%) | $51,592,737 (7127.22%) | -$734,184 |
TORO Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$122,565,663 (-341.72%) | $50,706,251 (330.13%) | $11,788,681 (110.59%) | -$111,288,060 |
Net Cash Flow from Financing | -$10,385,208 (-265.55%) | $6,273,237 (138.00%) | -$16,510,675 (-113.60%) | $121,366,515 |
Net Cash Flow from Operations | $14,563,316 (-74.05%) | $56,126,319 (35.12%) | $41,538,209 (1040.83%) | -$4,415,044 |
Net Cash Flow / Change in Cash & Cash Equivalents | -$118,387,555 (-204.67%) | $113,105,807 (207.22%) | $36,816,215 (550.07%) | $5,663,411 |
Net Cash Flow - Business Acquisitions and Disposals | -$50,000,000 (0.00%) | -$50,000,000 (0%) | $0 (0%) | $0 |
Net Cash Flow - Investment Acquisitions and Disposals | -$104,934,429 | - | $0 (0%) | $0 |
Capital Expenditure | -$119,304 (-100.12%) | $100,706,251 (754.26%) | $11,788,681 (110.59%) | -$111,288,060 |
Issuance (Repayment) of Debt Securities | - | -$7,992,800 (-162.06%) | -$3,050,000 (-119.18%) | $15,904,954 |
Issuance (Purchase) of Equity Shares | -$3,728,008 (-121.18%) | $17,600,328 (0%) | $0 (0%) | $0 |
Payment of Dividends & Other Cash Distributions | - | - | $0 (0%) | $0 |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Share Based Compensation | $5,312,854 (317.45%) | $1,272,698 (0%) | $0 (0%) | $0 |
Depreciation Amortization & Accretion | $4,901,246 (-28.34%) | $6,839,702 (-6.23%) | $7,294,476 (90.25%) | $3,834,117 |
TORO Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 42.70% (-32.65%) | 63.40% (22.16%) | 51.90% (281.62%) | 13.60% |
Profit Margin | 92.50% (-47.02%) | 174.60% (291.48%) | 44.60% (1010.20%) | -4.90% |
EBITDA Margin | 96.50% (-47.67%) | 184.40% (249.24%) | 52.80% (398.11%) | 10.60% |
Return on Average Equity (ROAE) | 10.50% (-90.72%) | 113.20% (177.45%) | 40.80% | - |
Return on Average Assets (ROAA) | 6.40% (-88.15%) | 54.00% (52.11%) | 35.50% | - |
Return on Sales (ROS) | 74.70% (-57.48%) | 175.70% (279.48%) | 46.30% (1952.00%) | -2.50% |
Return on Invested Capital (ROIC) | 10.00% (-89.92%) | 99.20% (139.61%) | 41.40% | - |
Dividend Yield | 0% (0%) | 0% | - | - |
Price to Earnings Ratio (P/E) | 2.58 (355.48%) | 0.57 | - | - |
Price to Sales Ratio (P/S) | 2.18 (125.52%) | 0.97 | - | - |
Price to Book Ratio (P/B) | 0.27 (-49.53%) | 0.54 | - | - |
Debt to Equity Ratio (D/E) | 0.02 (-64.18%) | 0.07 (-44.63%) | 0.12 (-36.98%) | 0.19 |
Earnings Per Share (EPS) | 1.09 (-87.46%) | 8.69 | - | - |
Sales Per Share (SPS) | 1.29 (-74.67%) | 5.08 (-57.04%) | 11.83 (282.35%) | 3.09 |
Free Cash Flow Per Share (FCFPS) | 0.83 (-91.83%) | 10.15 (80.18%) | 5.64 (146.09%) | -12.23 |
Book Value Per Share (BVPS) | 11.44 (-0.03%) | 11.44 (-22.94%) | 14.85 (35.05%) | 11 |
Tangible Assets Book Value Per Share (TABVPS) | 18.76 (-5.97%) | 19.95 (19.86%) | 16.64 (26.95%) | 13.11 |
Enterprise Value Over EBIT (EV/EBIT) | -8 (0%) | 0 | - | - |
Enterprise Value Over EBITDA (EV/EBITDA) | -6.4 (-29009.09%) | -0.02 | - | - |
Asset Turnover | 0.07 (-77.67%) | 0.31 (-61.13%) | 0.8 | - |
Current Ratio | 11.77 (-43.97%) | 21.01 (150.11%) | 8.4 (362.10%) | 1.82 |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Free Cash Flow (FCF) | $14,444,012 (-90.79%) | $156,832,570 (194.10%) | $53,326,890 (146.09%) | -$115,703,104 |
Enterprise Value (EV) | -$138,463,004 (-4336.75%) | -$3,120,820 | - | - |
Earnings Before Tax (EBT) | $25,207,504 (-82.12%) | $140,987,660 (177.06%) | $50,886,596 (4256.66%) | -$1,224,217 |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $21,620,468 (-85.06%) | $144,719,062 (144.94%) | $59,083,644 (1796.19%) | $3,115,912 |
Invested Capital | $284,518,616 (89.40%) | $150,223,491 (22.88%) | $122,249,932 (-4.59%) | $128,136,976 |
Working Capital | $50,578,729 (-67.84%) | $157,276,544 (226.00%) | $48,244,256 (748.62%) | $5,685,011 |
Tangible Asset Value | $326,407,184 (5.94%) | $308,104,130 (95.65%) | $157,479,103 (26.95%) | $124,046,886 |
Market Capitalization | $53,653,727 (-43.20%) | $94,468,964 | - | - |
Average Equity | $197,306,406 (63.03%) | $121,025,648 (-1.01%) | $122,264,025 | - |
Average Assets | $324,047,369 (27.59%) | $253,966,869 (80.42%) | $140,762,994 | - |
Invested Capital Average | $167,581,925 (20.54%) | $139,025,430 (11.05%) | $125,193,454 | - |
Shares | 19,093,853 (-0.56%) | 19,201,009 (102.95%) | 9,461,009 (0.00%) | 9,461,009 |
