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.

88 Energy Limited Balance Sheet Statement - Assets

As of 31 Dec 2024, The total current assets of 88 Energy Limited (ASX:88E) was around $12,794,840 which consisted of $7,198,567 of 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

Cash
$7,198,567
Current assets
$12,794,840
Total assets
$148,994,025

The latest balance sheet of 88 Energy Limited also showed $113,959,947 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 $148,994,025.

88 Energy Limited Balance Sheet Statement - Liabilities

88E's latest annual results shows the balance sheet has $107,374 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, no Other Current liabilities and $356,785 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
$107,374
Current liabilities
$356,785
Total liabilities
$356,785

As per the 31 Dec 2024's annual report of 88 Energy Limited, the total liabilities were $356,785.

88E 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 88 Energy Limited showed the total stock holder equity was $148,637,240 which consisted of $392,621,587 of Common stocks, $-287,023,501 of Retained earnings and $21,478,213 of Other stock holder equity.

88E Balance Sheet Statement History

Following table shows the history of balance sheet for 88 Energy Limited (88E).

31 Dec 2024 31 Dec 2023 31 Dec 2022 31 Dec 2021
Cash 7,198,567 18,182,727 14,123,731 32,317,887
Net Receivables - - - -
Inventory - - - -
Total Current Assets 12,794,840 22,156,661 15,673,547 43,478,776
Property Plant Equipment 113,959,947 110,610,743 96,498,073 101,477,076
Good Will - - - -
Intangible Assets - - - -
Other Assets - - - -
Deferred Long Term Asset Charges - - - -
Total Assets 148,994,025 156,525,440 133,025,884 145,782,754
Accounts Payable 107,374 556,544 993,924 1,110,573
Short/Long Term Debt - - - -
Other Current Liabilities - - - -
Long Term Debt - - - -
Other Liabilities - - - -
Total Current Liabilities 356,785 840,041 1,349,868 5,942,620
Total Liabilities 356,785 840,041 1,349,868 5,942,620
Common Stock 392,621,587 379,917,222 340,972,669 285,809,214
Retained Earnings -287,023,501 -254,204,475 -239,765,242 -169,043,324
Treasury Stock - - - -
Other Stockholder Equity 21,478,213 21,490,097 20,358,941 19,343,568
Total Stockholder Equity 148,637,240 155,685,399 131,676,016 139,840,134
Net Tangible Assets 148,637,240 155,685,399 131,676,016 139,840,134

88 Energy Limited (ASX:88E) Balance Sheet Statement FAQ

1. How much Cash 88 Energy Limited has on their balance sheet?

As of 31 Dec 2024, 88 Energy Limited (ASX:88E) has $7,198,567 of Cash.

2. What's the long term debt of 88 Energy Limited?

As per the latest Balance sheet of 88 Energy Limited (ASX:88E), it has no Long term debt.

3. How much share holder equity does 88 Energy Limited has?

The 88 Energy Limited (ASX:88E)'s balance sheet shows that it has $148,637,240 of Total stock holder equity.