MESABI TRUST
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $100.2M | $24.0M | $14.0M | $47.7M | $12.5M | $10.2M | $881.8K | $314.8K |
| Accounts Receivable | $1.2M | $2.0M | $23.6K | $4.6M | $249.5K | $69.6K | $2.3M | $2.0M |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $101.7M | $26.7M | $14.1M | $53.9M | $22.9M | $23.6M | $35.5M | $26.2M |
| Property, Plant & Equipment | — | — | — | — | — | — | — | — |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $101.7M | $26.7M | $14.1M | $53.9M | $22.9M | $23.6M | $35.5M | $26.2M |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | — | — | — | — | — | — | — | — |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $78.4M | $5.7M | $2.7M | $23.1M | $6.5M | $11.8M | $18.6M | $15.6M |
| Stockholders' Equity | ||||||||
| Retained Earnings | — | — | — | — | — | — | — | — |
| Total Stockholders' Equity | $23.3M | $21.0M | $11.4M | $30.8M | $16.5M | $11.8M | $16.8M | — |