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

Cash
$100.38k
Current assets
$1.72M
Total assets
$1.73M

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.

Account payable
$522.84k
Current liabilities
$714.22k
Total liabilities
$722.94k

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 202030 Jun 201930 Jun 201830 Jun 2017
Cash100.38k21.43k41.42k178.5k
Net Receivables30.48k23.36k14.62k11.48k
Inventory----
Total Current Assets1.72M2.62M2.39M6.23M
Property Plant Equipment----
Good Will----
Intangible Assets----
Other Assets8.72k262.31k175.28k1.3M
Deferred Long Term Asset Charges8.72k262.31k175.28k1.3M
Total Assets1.73M2.89M2.57M7.54M
Accounts Payable522.84k419.58k301.63k242.17k
Short/Long Term Debt----
Other Current Liabilities191.38k156.39k116.3k69.71k
Long Term Debt----
Other Liabilities8.72k262.31k175.28k1.3M
Total Current Liabilities714.22k575.98k417.94k311.88k
Total Liabilities722.94k838.29k593.22k1.62M
Common Stock15.12M15M15M15M
Retained Earnings-14.12M-12.95M-13.03M-9.08M
Treasury Stock----
Other Stockholder Equity----
Total Stockholder Equity1M2.05M1.97M5.92M
Net Tangible Assets1M2.05M1.97M5.92M

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.