Mesabi Trust (MSB) Financial Statements (2023 and Earlier)

Company Profile

Business Address P O BOX 318 CHURCH ST STATION
NEW YORK, NY 10008-0318
State of Incorp. NY
Fiscal Year End January 31
Industry (SIC) 6795 - Mineral Royalty Traders (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 9,90714,10132,33224,11214,1512,587
Cash and cash equivalents  76921031513,6952,587
Short-term investments 9,90713,33232,12223,797456 
Receivables 249702,339   
Prepaid expense 956854555455
Contract with customer, asset  19256
Other undisclosed current assets 12,6789,2176721,956456,719
Total current assets: 22,92923,64735,45426,12314,2509,361
Noncurrent Assets
Other undisclosed noncurrent assets 00000456
Total noncurrent assets: 00000456
TOTAL ASSETS: 22,92923,64735,45426,12314,2509,817
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 6,0359,18418,23715,4821,837656
Interest and dividends payable 6,0359,18418,23715,4821,837656
Total current liabilities: 6,0359,18418,23715,4821,837656
Noncurrent Liabilities
Other undisclosed liabilities 4172,6324121342,208172
Total liabilities: 6,45211,81618,64815,6164,044828
Stockholders' equity
Other undisclosed stockholders' equity 16,47711,83116,80610,50710,2058,989
Total stockholders' equity: 16,47711,83116,80610,50710,2058,989
TOTAL LIABILITIES AND EQUITY: 22,92923,64735,45426,12314,2509,817

Income Statement (P&L) ($ in thousands)

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues 25,95131,99147,29434,56810,7379,722
Cost of revenue
(Cost of Goods and Services Sold)
 (2,543)(1,935)(1,735)   
Gross profit: 23,40830,05645,55934,56810,7379,722
Operating expenses (1,519)  (1,072)(1,123)(1,163)
Other operating expense, net
(Other Expenses)
 (343)     
Operating income: 21,54630,05645,55933,4969,6138,559
Nonoperating income
(Investment Income, Nonoperating)
 35     
Income before gain (loss) on sale of properties: 21,58130,05645,55933,4969,6138,559
Other undisclosed net income 1,826     
Net income available to common stockholders, diluted: 23,40830,05645,55933,4969,6138,559

Comprehensive Income ($ in thousands)

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income: 23,40830,05645,55933,4969,6138,559
Comprehensive income, net of tax, attributable to parent: 23,40830,05645,55933,4969,6138,559

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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