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.
X2M Connect Limited Balance Sheet Statement - Assets
As of 30 Jun 2024, The total current assets of X2M Connect Limited (ASX:X2M) was around $7,491,155 which consisted of $1,938,882 of Cash, $143,342 of Inventory and $2,872,234 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
The latest balance sheet of X2M Connect Limited also showed $901,136 of Property Plant Equipment and no Good will. Also there were $4,478,691 of Intangible assets and no Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $13,993,574.
X2M Connect Limited Balance Sheet Statement - Liabilities
X2M's latest annual results shows the balance sheet has $4,048,408 of Accounts Payable. Also there were $5,266,452 of Short/Long term debt, $4,565,080 of Long term debt, $1,734,347 of Other Current liabilities and $9,366,399 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.
As per the 30 Jun 2024's annual report of X2M Connect Limited, the total liabilities were $14,752,964.
X2M 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 X2M Connect Limited showed the total stock holder equity was $492,967 which consisted of $29,046,310 of Common stocks, $-32,906,051 of Retained earnings and no Other stock holder equity.
X2M Balance Sheet Statement History
Following table shows the history of balance sheet for X2M Connect Limited (X2M).
| 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2022 | |
|---|---|---|---|
| Cash | 1,938,882 | 1,785,032 | 1,020,020 |
| Net Receivables | 2,872,234 | 2,565,557 | 298,606 |
| Inventory | 143,342 | 456,326 | 270,270 |
| Total Current Assets | 7,491,155 | 9,576,929 | 5,178,493 |
| Property Plant Equipment | 901,136 | 807,317 | 1,189,030 |
| Good Will | - | - | - |
| Intangible Assets | 4,478,691 | 3,946,700 | 3,095,854 |
| Other Assets | - | - | - |
| Deferred Long Term Asset Charges | - | - | - |
| Total Assets | 13,993,574 | 15,190,422 | 9,665,349 |
| Accounts Payable | 4,048,408 | 4,761,430 | 1,093,714 |
| Short/Long Term Debt | 5,266,452 | 2,486,182 | 1,141,931 |
| Other Current Liabilities | 1,734,347 | 3,552,254 | 2,203,139 |
| Long Term Debt | 4,565,080 | - | - |
| Other Liabilities | - | - | - |
| Total Current Liabilities | 9,366,399 | 13,061,830 | 5,980,040 |
| Total Liabilities | 14,752,964 | 13,770,227 | 6,616,761 |
| Common Stock | 29,046,310 | 24,127,410 | 19,293,275 |
| Retained Earnings | -32,906,051 | -26,393,171 | -19,879,092 |
| Treasury Stock | - | - | - |
| Other Stockholder Equity | - | - | - |
| Total Stockholder Equity | 492,967 | 202,228 | 1,308,878 |
| Net Tangible Assets | -3,985,724 | -3,744,472 | -1,786,976 |
X2M Connect Limited (ASX:X2M) Balance Sheet Statement FAQ
1. How much Cash X2M Connect Limited has on their balance sheet?
As of 30 Jun 2024, X2M Connect Limited (ASX:X2M) has $1,938,882 of Cash.
2. What's the long term debt of X2M Connect Limited?
As per the latest Balance sheet of X2M Connect Limited (ASX:X2M), it has $4,565,080 of Long term debt.
3. How much share holder equity does X2M Connect Limited has?
The X2M Connect Limited (ASX:X2M)'s balance sheet shows that it has $492,967 of Total stock holder equity.