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.
Accelerate Resources Limited Balance Sheet Statement - Assets
As of 30 Jun 2020, The total current assets of Accelerate Resources Limited (ASX:AX8) was around $213,021 which consisted of $156,611 of Cash, no Inventory and $19,258 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 Accelerate Resources Limited also showed $3,313,411 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 $3,526,432.
Accelerate Resources Limited Balance Sheet Statement - Liabilities
AX8's latest annual results shows the balance sheet has $76,897 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, $46,649 of Other Current liabilities and $186,154 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 Accelerate Resources Limited, the total liabilities were $186,154.
AX8 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 Accelerate Resources Limited showed the total stock holder equity was $3,340,278 which consisted of $6,225,335 of Common stocks, $-4,446,971 of Retained earnings and $1,561,914 of Other stock holder equity.
AX8 Balance Sheet Statement History
Following table shows the history of balance sheet for Accelerate Resources Limited (AX8).
|30 Jun 2020||30 Jun 2019||30 Jun 2018||30 Jun 2017|
|Total Current Assets||213.02k||989.38k||3.57M||153.23k|
|Property Plant Equipment||3.31M||3.29M||2.71M||30k|
|Deferred Long Term Asset Charges||-||-||-||-|
|Short/Long Term Debt||-||-||-||-|
|Other Current Liabilities||46.65k||42.2k||32.24k||-|
|Long Term Debt||-||-||-||-|
|Total Current Liabilities||186.15k||79.71k||367.64k||27.39k|
|Other Stockholder Equity||1.56M||1.49M||1.48M||328.41k|
|Total Stockholder Equity||3.34M||4.2M||5.91M||155.84k|
|Net Tangible Assets||3.34M||4.2M||5.91M||155.84k|
Accelerate Resources Limited (ASX:AX8) Balance Sheet Statement FAQ
1. How much Cash Accelerate Resources Limited has on their balance sheet?
As of 30 Jun 2020, Accelerate Resources Limited (ASX:AX8) has $156,611 of Cash.
2. What's the long term debt of Accelerate Resources Limited?
As per the latest Balance sheet of Accelerate Resources Limited (ASX:AX8), it has no Long term debt.
3. How much share holder equity does Accelerate Resources Limited has?
The Accelerate Resources Limited (ASX:AX8)'s balance sheet shows that it has $3,340,278 of Total stock holder equity.