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.
Argo Exploration Limited Balance Sheet Statement - Assets
As of 30 Jun 2020, The total current assets of Argo Exploration Limited (ASX:AXT) was around $1,717,044 which consisted of $100,382 of Cash, no Inventory and $30,483 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 Argo Exploration Limited also showed no Property Plant Equipment and no Good will. Also there were no Intangible assets and $8,725 of Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $1,725,769.
Argo Exploration Limited Balance Sheet Statement - Liabilities
AXT's latest annual results shows the balance sheet has $522,839 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, $191,378 of Other Current liabilities and $714,217 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 Argo Exploration Limited, the total liabilities were $722,942.
AXT 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 Argo Exploration Limited showed the total stock holder equity was $1,002,827 which consisted of $15,119,447 of Common stocks, $-14,116,620 of Retained earnings and no Other stock holder equity.
AXT Balance Sheet Statement History
Following table shows the history of balance sheet for Argo Exploration Limited (AXT).
|30 Jun 2020||30 Jun 2019||30 Jun 2018||30 Jun 2017|
|Total Current Assets||1.72M||2.62M||2.39M||6.23M|
|Property Plant Equipment||-||-||-||-|
|Deferred Long Term Asset Charges||8.72k||262.31k||175.28k||1.3M|
|Short/Long Term Debt||-||-||-||-|
|Other Current Liabilities||191.38k||156.39k||116.3k||69.71k|
|Long Term Debt||-||-||-||-|
|Total Current Liabilities||714.22k||575.98k||417.94k||311.88k|
|Other Stockholder Equity||-||-||-||-|
|Total Stockholder Equity||1M||2.05M||1.97M||5.92M|
|Net Tangible Assets||1M||2.05M||1.97M||5.92M|
Argo Exploration Limited (ASX:AXT) Balance Sheet Statement FAQ
1. How much Cash Argo Exploration Limited has on their balance sheet?
As of 30 Jun 2020, Argo Exploration Limited (ASX:AXT) has $100,382 of Cash.
2. What's the long term debt of Argo Exploration Limited?
As per the latest Balance sheet of Argo Exploration Limited (ASX:AXT), it has no Long term debt.
3. How much share holder equity does Argo Exploration Limited has?
The Argo Exploration Limited (ASX:AXT)'s balance sheet shows that it has $1,002,827 of Total stock holder equity.