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.
Argonaut Resources NL Balance Sheet Statement - Assets
As of 30 Jun 2020, The total current assets of Argonaut Resources NL (ASX:ARE) was around $1,236,876 which consisted of $1,175,023 of Cash, no Inventory and $51,570 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 Argonaut Resources NL also showed $3,498,680 of 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 $4,735,556.
Argonaut Resources NL Balance Sheet Statement - Liabilities
ARE's latest annual results shows the balance sheet has $159,200 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, $237,533 of Other Current liabilities and $810,010 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 Argonaut Resources NL, the total liabilities were $810,010.
ARE 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 Argonaut Resources NL showed the total stock holder equity was $3,925,546 which consisted of $52,791,932 of Common stocks, $-46,871,549 of Retained earnings and $-1,994,837 of Other stock holder equity.
ARE Balance Sheet Statement History
Following table shows the history of balance sheet for Argonaut Resources NL (ARE).
|30 Jun 2020||30 Jun 2019||30 Jun 2018||30 Jun 2017|
|Total Current Assets||1.24M||2.19M||5.48M||172.57k|
|Property Plant Equipment||3.5M||3.17M||1.88M||1.29M|
|Deferred Long Term Asset Charges||-||-||-||-|
|Short/Long Term Debt||-||-||-||-|
|Other Current Liabilities||237.53k||352.61k||342.75k||267.68k|
|Long Term Debt||-||-||-||-|
|Total Current Liabilities||810.01k||905.06k||753.66k||803.75k|
|Other Stockholder Equity||-1.99M||-2.14M||-2.02M||-2.57M|
|Total Stockholder Equity||3.93M||4.45M||6.61M||658.15k|
|Net Tangible Assets||3.93M||4.45M||6.61M||658.15k|
Argonaut Resources NL (ASX:ARE) Balance Sheet Statement FAQ
1. How much Cash Argonaut Resources NL has on their balance sheet?
As of 30 Jun 2020, Argonaut Resources NL (ASX:ARE) has $1,175,023 of Cash.
2. What's the long term debt of Argonaut Resources NL?
As per the latest Balance sheet of Argonaut Resources NL (ASX:ARE), it has no Long term debt.
3. How much share holder equity does Argonaut Resources NL has?
The Argonaut Resources NL (ASX:ARE)'s balance sheet shows that it has $3,925,546 of Total stock holder equity.