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 2020, The total current assets of 88 Energy Limited (ASX:88E) was around $19,924,977 which consisted of $14,845,347 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
The latest balance sheet of 88 Energy Limited also showed $48,388,392 of Property Plant Equipment and no Good will. Also there were no Intangible assets and $16,656,674 of Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $85,359,552.
88 Energy Limited Balance Sheet Statement - Liabilities
88E's latest annual results shows the balance sheet has $590,397 of Accounts Payable. Also there were no Short/Long term debt, $20,782,366 of Long term debt, $4,736,237 of Other Current liabilities and $5,665,833 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 31 Dec 2020's annual report of 88 Energy Limited, the total liabilities were $26,448,199.
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 $58,911,353 which consisted of $208,963,513 of Common stocks, $-166,633,135 of Retained earnings and $16,580,975 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 2020||31 Dec 2019||31 Dec 2018||31 Dec 2017|
|Total Current Assets||19.92M||17.02M||23.82M||14.37M|
|Property Plant Equipment||48.39M||53.02M||77.05M||46.94M|
|Deferred Long Term Asset Charges||-||-||-||-|
|Short/Long Term Debt||-||-||-||21.16M|
|Other Current Liabilities||4.74M||5M||5.6M||4.54M|
|Long Term Debt||20.78M||22.67M||23.42M||-|
|Total Current Liabilities||5.67M||6.31M||6.26M||26.03M|
|Other Stockholder Equity||16.58M||23.58M||22.63M||15.65M|
|Total Stockholder Equity||58.91M||64.6M||94.11M||55.53M|
|Net Tangible Assets||58.91M||64.6M||94.11M||55.53M|
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 2020, 88 Energy Limited (ASX:88E) has $14,845,347 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 $20,782,366 of 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 $58,911,353 of Total stock holder equity.