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.
Magnetite Mines Limited Balance Sheet Statement - Assets
As of 30 Jun 2025, The total current assets of Magnetite Mines Limited (ASX:MGT) was around $- which consisted of no Cash, no Inventory and no 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
The latest balance sheet of Magnetite Mines Limited also showed no 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 $-.
Magnetite Mines Limited Balance Sheet Statement - Liabilities
MGT's latest annual results shows the balance sheet has no Accounts Payable. Also there were no Short/Long term debt, no Long term debt, no Other Current liabilities and no 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.
As per the 30 Jun 2025's annual report of Magnetite Mines Limited, the total liabilities were $-.
MGT 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 Magnetite Mines Limited showed the total stock holder equity was $- which consisted of no Common stocks, no Retained earnings and no Other stock holder equity.
MGT Balance Sheet Statement History
Following table shows the history of balance sheet for Magnetite Mines Limited (MGT).
| 30 Jun 2025 | 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2022 | |
|---|---|---|---|---|
| Cash | - | 1,212,955 | 5,134,710 | 19,347,437 |
| Net Receivables | - | 116,767 | 245,909 | 716,897 |
| Inventory | - | - | - | - |
| Total Current Assets | - | 1,369,652 | 5,409,344 | 20,085,925 |
| Property Plant Equipment | - | 36,557,238 | 33,449,214 | 25,593,461 |
| Good Will | - | - | - | - |
| Intangible Assets | - | - | - | 27 |
| Other Assets | - | - | - | - |
| Deferred Long Term Asset Charges | - | - | - | - |
| Total Assets | - | 38,226,143 | 39,083,734 | 45,904,589 |
| Accounts Payable | - | 419,869 | 401,748 | 3,528,081 |
| Short/Long Term Debt | - | 117,334 | 2,424,245 | 4,187,624 |
| Other Current Liabilities | - | - | - | - |
| Long Term Debt | - | - | - | 3,950,000 |
| Other Liabilities | - | - | - | - |
| Total Current Liabilities | - | 1,338,371 | 3,525,611 | 4,330,788 |
| Total Liabilities | - | 1,382,268 | 3,661,001 | 8,417,596 |
| Common Stock | - | 95,346,228 | 89,513,282 | 89,551,446 |
| Retained Earnings | - | -72,449,431 | -67,601,576 | -62,270,385 |
| Treasury Stock | - | - | - | - |
| Other Stockholder Equity | - | - | - | - |
| Total Stockholder Equity | - | 36,843,875 | 35,310,145 | 39,349,405 |
| Net Tangible Assets | - | 36,843,875 | 35,310,145 | 39,349,378 |
Magnetite Mines Limited (ASX:MGT) Balance Sheet Statement FAQ
1. How much Cash Magnetite Mines Limited has on their balance sheet?
As of 30 Jun 2025, Magnetite Mines Limited (ASX:MGT) has no Cash.
2. What's the long term debt of Magnetite Mines Limited?
As per the latest Balance sheet of Magnetite Mines Limited (ASX:MGT), it has no Long term debt.
3. How much share holder equity does Magnetite Mines Limited has?
The Magnetite Mines Limited (ASX:MGT)'s balance sheet shows that it has no Total stock holder equity.