Mesabi Trust
MSB Basic Materials Steel
Mesabi Trust’s revenue for fiscal 2026 (year ended January 2026) was $17.5 million, down 82.2% from fiscal 2025. In the quarter to July 2026, revenue fell 55.8%, EPS fell 102.0% and free cash flow fell 94.3%, each against the same quarter a year earlier.
Follow MSB
A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Jan '17 | Jan '18 | Jan '19 | Jan '20 | Jan '21 | Jan '22 | Jan '23 | Jan '24 | Jan '25 | Jan '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
14.15 | 24.11 | 33.00 | 23.51 | 22.41 | 47.73 | 13.97 | 23.98 | 100.20 | 23.16 |
Receivables |
0.05 | 1.96 | 2.34 | 0.07 | 0.25 | 4.63 | 0.02 | 1.96 | 1.16 | 0.78 |
Other current assets |
— | 0.10 | 0.06 | — | 0.18 | 1.43 | — | 0.45 | 0.24 | 0.26 |
Total current assets |
14.25 | 26.22 | 35.45 | 23.65 | 22.93 | 53.91 | 14.12 | 26.69 | 101.73 | 24.36 |
Property, Plant, Equpment (Net) |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — |
Total non-current assets |
0.00 | — | — | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
Total Assets |
14.25 | 26.22 | 35.45 | 23.65 | 22.93 | 53.91 | 14.12 | 26.69 | 101.73 | 24.36 |
Accrued Expenses |
0.11 | 0.13 | 0.41 | 0.12 | 0.42 | 0.16 | 0.38 | 0.86 | 0.34 | 0.54 |
Current Revenue (Deferred) |
2.10 | — | — | — | — | — | — | — | — | — |
Other current liabilities |
— | — | — | 2.51 | — | — | 2.30 | — | — | — |
Total current liabilities |
4.04 | 15.62 | 18.65 | 11.82 | 6.45 | 23.12 | 2.68 | 5.72 | 78.40 | 3.95 |
Total liabilities |
4.04 | 15.62 | 18.65 | 11.82 | 6.45 | 23.12 | 2.68 | 5.72 | 78.40 | 3.95 |
Common Stock (Net) |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Retained Earnings |
10.21 | 10.61 | 16.81 | 11.83 | 16.48 | 30.79 | 11.44 | 20.98 | 23.33 | 20.40 |
Common Equity (Total) |
10.21 | 10.61 | 16.81 | 11.83 | 16.48 | 30.79 | 11.44 | 20.98 | 23.33 | 20.40 |
Shareholders Equity (Total) |
10.21 | 10.61 | 16.81 | 11.83 | 16.48 | 30.79 | 11.44 | 20.98 | 23.33 | 20.40 |
Shareholders Equity and Liabilities (Total) |
14.25 | 26.22 | 35.45 | 23.65 | 22.93 | 53.91 | 14.12 | 26.69 | 101.73 | 24.36 |
Shares (Common) |
13.12 | 13.12 | 13.12 | 13.12 | 13.12 | 13.12 | 13.12 | 13.12 | 13.12 | 13.12 |
Shareholders Equity (Tangible) |
10.21 | 10.61 | 16.81 | 11.83 | 16.48 | 30.79 | 11.44 | 20.98 | 23.33 | 20.40 |
Net Debt |
(14.15) | (24.11) | (33.00) | (23.51) | (22.41) | (47.73) | (13.97) | (23.98) | (100.20) | (23.16) |