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

Current assets
Total assets

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.

Account payable
Current liabilities
Total liabilities

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 202031 Dec 201931 Dec 201831 Dec 2017
Net Receivables-49.74k116.25k45.65k
Total Current Assets19.92M17.02M23.82M14.37M
Property Plant Equipment48.39M53.02M77.05M46.94M
Good Will----
Intangible Assets----
Other Assets16.66M23.11M22.5M20.25M
Deferred Long Term Asset Charges----
Total Assets85.36M93.58M123.8M81.56M
Accounts Payable590.4k1.03M403.94k123.32k
Short/Long Term Debt---21.16M
Other Current Liabilities4.74M5M5.6M4.54M
Long Term Debt20.78M22.67M23.42M-
Other Liabilities----
Total Current Liabilities5.67M6.31M6.26M26.03M
Total Liabilities26.45M28.98M29.68M26.03M
Common Stock208.96M185.62M179.3M141.71M
Retained Earnings-166.63M-144.6M-107.82M-101.83M
Treasury Stock16.58M23.58M22.63M15.65M
Other Stockholder Equity16.58M23.58M22.63M15.65M
Total Stockholder Equity58.91M64.6M94.11M55.53M
Net Tangible Assets58.91M64.6M94.11M55.53M

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.