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.
Abilene Oil and Gas Limited Balance Sheet Statement - Assets
As of 30 Jun 2019, The total current assets of Abilene Oil and Gas Limited (ASX:ABL) was around $89,538 which consisted of $65,730 of Cash, no Inventory and $6,905 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 Abilene Oil and Gas 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 $4,946,760.
Abilene Oil and Gas Limited Balance Sheet Statement - Liabilities
ABL's latest annual results shows the balance sheet has $732,179 of Accounts Payable. Also there were $5,061,229 of Short/Long term debt, no Long term debt, $13,931 of Other Current liabilities and $5,807,339 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 2019's annual report of Abilene Oil and Gas Limited, the total liabilities were $5,926,706.
ABL 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 Abilene Oil and Gas Limited showed the total stock holder equity was $-979,946 which consisted of $64,101,323 of Common stocks, $-74,770,985 of Retained earnings and $9,689,716 of Other stock holder equity.
ABL Balance Sheet Statement History
Following table shows the history of balance sheet for Abilene Oil and Gas Limited (ABL).
|30 Jun 2019||30 Jun 2018||30 Jun 2017||30 Jun 2016|
|Total Current Assets||89.54k||314.66k||22.66k||110.15k|
|Property Plant Equipment||-||100.51k||-||1.89M|
|Deferred Long Term Asset Charges||-||-||-||-|
|Short/Long Term Debt||5.06M||5.15M||3.1M||554.75k|
|Other Current Liabilities||13.93k||10.63k||8.46k||7.86k|
|Long Term Debt||-||-||1.24M||2.86M|
|Total Current Liabilities||5.81M||5.72M||3.63M||996.51k|
|Other Stockholder Equity||9.69M||9.43M||9.43M||9.7M|
|Total Stockholder Equity||-979.95k||-169.07k||962.3k||4.5M|
|Net Tangible Assets||-979.95k||-169.07k||962.3k||4.5M|
Abilene Oil and Gas Limited (ASX:ABL) Balance Sheet Statement FAQ
1. How much Cash Abilene Oil and Gas Limited has on their balance sheet?
As of 30 Jun 2019, Abilene Oil and Gas Limited (ASX:ABL) has $65,730 of Cash.
2. What's the long term debt of Abilene Oil and Gas Limited?
As per the latest Balance sheet of Abilene Oil and Gas Limited (ASX:ABL), it has no Long term debt.
3. How much share holder equity does Abilene Oil and Gas Limited has?
The Abilene Oil and Gas Limited (ASX:ABL)'s balance sheet shows that it has $-979,946 of Total stock holder equity.