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.

Aspen Group Balance Sheet Statement - Assets

As of 30 Jun 2017, The total current assets of Aspen Group (ASX:APZ) was around $62,236,000 which consisted of $22,741,000 of Cash, $287,000 of Inventory and $2,576,000 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

Cash
$22.74M
Current assets
$62.24M
Total assets
$133.11M

The latest balance sheet of Aspen Group also showed $52,804,000 of Property Plant Equipment and $17,534,000 of Good will. Also there were no Intangible assets and $540,000 of Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $133,114,000.

Aspen Group Balance Sheet Statement - Liabilities

APZ's latest annual results shows the balance sheet has $2,029,000 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, $6,922,000 of Other Current liabilities and $9,545,000 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
$2.03M
Current liabilities
$9.54M
Total liabilities
$9.54M

As per the 30 Jun 2017's annual report of Aspen Group, the total liabilities were $9,545,000.

APZ 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 Aspen Group showed the total stock holder equity was $143,548,000 which consisted of $500,985,000 of Common stocks, $-359,467,000 of Retained earnings and $2,030,000 of Other stock holder equity.

APZ Balance Sheet Statement History

Following table shows the history of balance sheet for Aspen Group (APZ).

30 Jun 201730 Jun 201630 Jun 201530 Jun 2014
Cash22.74M48.8M18.24M42.5M
Net Receivables2.58M2.69M3.93M8.33M
Inventory287k78k692k-
Total Current Assets62.24M59.98M140.02M170.78M
Property Plant Equipment52.8M63.9M209.79M39.94M
Good Will17.53M14.25M11.95M-
Intangible Assets----
Other Assets540k520k624k252k
Deferred Long Term Asset Charges----
Total Assets133.11M138.65M362.43M221.72M
Accounts Payable2.03M2.12M5.46M2.36M
Short/Long Term Debt--144.71M8.11M
Other Current Liabilities6.92M8.14M14.23M31.07M
Long Term Debt--110.25M4.5M
Other Liabilities----
Total Current Liabilities9.54M10.88M56.12M37.52M
Total Liabilities9.54M10.88M166.37M42.02M
Common Stock500.99M501.67M514.47M523.03M
Retained Earnings-359.47M-354.62M-357.18M-320.78M
Treasury Stock2.03M69k2.66M-2.89M
Other Stockholder Equity2.03M69k2.66M-2.89M
Total Stockholder Equity143.55M147.11M159.95M199.37M
Net Tangible Assets126.01M132.86M148M199.37M

Aspen Group (ASX:APZ) Balance Sheet Statement FAQ

1. How much Cash Aspen Group has on their balance sheet?

As of 30 Jun 2017, Aspen Group (ASX:APZ) has $22,741,000 of Cash.

2. What's the long term debt of Aspen Group?

As per the latest Balance sheet of Aspen Group (ASX:APZ), it has no Long term debt.

3. How much share holder equity does Aspen Group has?

The Aspen Group (ASX:APZ)'s balance sheet shows that it has $143,548,000 of Total stock holder equity.