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

Cash
$156.61k
Current assets
$213.02k
Total assets
$3.53M

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.

Account payable
$76.9k
Current liabilities
$186.15k
Total liabilities
$186.15k

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 202030 Jun 201930 Jun 201830 Jun 2017
Cash156.61k683.24k3.43M133.96k
Net Receivables19.26k19.77k83.17k6.97k
Inventory----
Total Current Assets213.02k989.38k3.57M153.23k
Property Plant Equipment3.31M3.29M2.71M30k
Good Will----
Intangible Assets----
Other Assets----
Deferred Long Term Asset Charges----
Total Assets3.53M4.28M6.28M183.23k
Accounts Payable76.9k27.51k211.74k27.39k
Short/Long Term Debt----
Other Current Liabilities46.65k42.2k32.24k-
Long Term Debt----
Other Liabilities----
Total Current Liabilities186.15k79.71k367.64k27.39k
Total Liabilities186.15k79.71k367.64k27.39k
Common Stock6.23M5.66M5.66M192.31k
Retained Earnings-4.45M-2.95M-1.23M-364.88k
Treasury Stock1.56M1.49M1.48M328.41k
Other Stockholder Equity1.56M1.49M1.48M328.41k
Total Stockholder Equity3.34M4.2M5.91M155.84k
Net Tangible Assets3.34M4.2M5.91M155.84k

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.