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.
Argent Minerals Limited Balance Sheet Statement - Assets
As of 30 Jun 2020, The total current assets of Argent Minerals Limited (ASX:ARD) was around $2,014,565 which consisted of $1,956,724 of Cash, no Inventory and $8,751 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 Argent Minerals Limited also showed $358,693 of Property Plant Equipment and no Good will. Also there were no Intangible assets and $96,000 of Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $2,469,258.
Argent Minerals Limited Balance Sheet Statement - Liabilities
ARD's latest annual results shows the balance sheet has $239,242 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, $1,428,050 of Other Current liabilities and $1,932,285 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 2020's annual report of Argent Minerals Limited, the total liabilities were $1,958,638.
ARD 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 Argent Minerals Limited showed the total stock holder equity was $510,620 which consisted of $33,368,098 of Common stocks, $-33,106,698 of Retained earnings and $249,220 of Other stock holder equity.
ARD Balance Sheet Statement History
Following table shows the history of balance sheet for Argent Minerals Limited (ARD).
|30 Jun 2020||30 Jun 2019||30 Jun 2018||30 Jun 2017|
|Total Current Assets||2.01M||768.4k||1.67M||2.07M|
|Property Plant Equipment||358.69k||362.71k||398.37k||420.83k|
|Deferred Long Term Asset Charges||-||-||-||-|
|Short/Long Term Debt||-||-||-||-|
|Other Current Liabilities||1.43M||1.4M||-||-|
|Long Term Debt||-||-||-||-|
|Total Current Liabilities||1.93M||1.6M||217.11k||177.91k|
|Other Stockholder Equity||249.22k||211.51k||193.53k||143.64k|
|Total Stockholder Equity||510.62k||-377.36k||1.94M||2.4M|
|Net Tangible Assets||510.62k||-377.36k||1.94M||2.4M|
Argent Minerals Limited (ASX:ARD) Balance Sheet Statement FAQ
1. How much Cash Argent Minerals Limited has on their balance sheet?
As of 30 Jun 2020, Argent Minerals Limited (ASX:ARD) has $1,956,724 of Cash.
2. What's the long term debt of Argent Minerals Limited?
As per the latest Balance sheet of Argent Minerals Limited (ASX:ARD), it has no Long term debt.
3. How much share holder equity does Argent Minerals Limited has?
The Argent Minerals Limited (ASX:ARD)'s balance sheet shows that it has $510,620 of Total stock holder equity.