In financial accounting, a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.

Key Petroleum Limited Balance Sheet Statement - Assets

As of 30 Jun 2024, The total current assets of Key Petroleum Limited (ASX:KEY) was around $180,638 which consisted of $172,074 of Cash, no Inventory and $8,564 of Net receivables. Current assets represent all the assets of a company that are expected to be conveniently sold, consumed, used, or exhausted through standard business operations within one year.

All amounts in AUD

Cash
$172,074
Current assets
$180,638
Total assets
$1,511,057

The latest balance sheet of Key Petroleum Limited also showed $1,264,127 of Property Plant Equipment and no Good will. Also there were no Intangible assets and no Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $1,511,057.

Key Petroleum Limited Balance Sheet Statement - Liabilities

KEY's latest annual results shows the balance sheet has $17,978 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, no Other Current liabilities and $294,729 of Total Current Liabilities. Current liabilities are a company's short-term financial obligations that are due within one year or within a normal operating cycle.

Account payable
$17,978
Current liabilities
$294,729
Total liabilities
$294,729

As per the 30 Jun 2024's annual report of Key Petroleum Limited, the total liabilities were $294,729.

KEY Balance Sheet Statement - Stock Holder Equity

Stockholders' equity, also referred to as shareholders' equity, is the remaining amount of assets available to shareholders after all liabilities have been paid. It is calculated either as a firm's total assets less its total liabilities or alternatively as the sum of share capital and retained earnings less treasury shares. Stockholders' equity might include common stock, paid-in capital, retained earnings and treasury stock.

The latest Balance sheet of Key Petroleum Limited showed the total stock holder equity was $1,216,328 which consisted of $42,807,616 of Common stocks, $-41,591,288 of Retained earnings and no Other stock holder equity.

KEY Balance Sheet Statement History

Following table shows the history of balance sheet for Key Petroleum Limited (KEY).

30 Jun 2024 30 Jun 2023 30 Jun 2022 30 Jun 2021
Cash 172,074 345,157 39,808 45,903
Net Receivables 8,564 8,835 1,033 37,076
Inventory - - - -
Total Current Assets 180,638 592,135 667,644 2,126,979
Property Plant Equipment 1,264,127 1,542,106 1,433,570 1,350,716
Good Will - - - -
Intangible Assets - - - -
Other Assets - - - -
Deferred Long Term Asset Charges - - - -
Total Assets 1,511,057 2,195,633 2,162,606 3,539,087
Accounts Payable 17,978 35,399 17,745 87,599
Short/Long Term Debt - - 102,346 204,473
Other Current Liabilities - - 300,000 300,000
Long Term Debt - - - -
Other Liabilities - - - -
Total Current Liabilities 294,729 310,226 627,571 775,851
Total Liabilities 294,729 310,226 627,571 781,772
Common Stock 42,807,616 42,515,302 42,515,302 42,515,302
Retained Earnings -41,591,288 -40,629,895 -40,980,267 -39,790,937
Treasury Stock - - - -
Other Stockholder Equity - - - -
Total Stockholder Equity 1,216,328 1,885,407 1,535,035 2,757,315
Net Tangible Assets 1,216,328 1,885,407 1,535,035 2,757,315

Key Petroleum Limited (ASX:KEY) Balance Sheet Statement FAQ

1. How much Cash Key Petroleum Limited has on their balance sheet?

As of 30 Jun 2024, Key Petroleum Limited (ASX:KEY) has $172,074 of Cash.

2. What's the long term debt of Key Petroleum Limited?

As per the latest Balance sheet of Key Petroleum Limited (ASX:KEY), it has no Long term debt.

3. How much share holder equity does Key Petroleum Limited has?

The Key Petroleum Limited (ASX:KEY)'s balance sheet shows that it has $1,216,328 of Total stock holder equity.