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.
Critical Resources Limited Balance Sheet Statement - Assets
As of 31 Dec 2023, The total current assets of Critical Resources Limited (ASX:CRR) was around $5,850,875 which consisted of $5,496,159 of Cash, no Inventory and $235,711 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 Critical Resources Limited also showed $28,058,241 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 $34,684,166.
Critical Resources Limited Balance Sheet Statement - Liabilities
CRR's latest annual results shows the balance sheet has $1,974,294 of Accounts Payable. Also there were $289,582 of Short/Long term debt, no Long term debt, $1,477,893 of Other Current liabilities and $5,461,403 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 31 Dec 2023's annual report of Critical Resources Limited, the total liabilities were $7,873,983.
CRR 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 Critical Resources Limited showed the total stock holder equity was $27,698,889 which consisted of $78,519,643 of Common stocks, $-52,030,521 of Retained earnings and no Other stock holder equity.
CRR Balance Sheet Statement History
Following table shows the history of balance sheet for Critical Resources Limited (CRR).
| 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | |
|---|---|---|---|
| Cash | 5,496,159 | 8,573,127 | 4,768,404 |
| Net Receivables | 235,711 | 233,758 | 87,442 |
| Inventory | - | - | - |
| Total Current Assets | 5,850,875 | 9,606,288 | 5,272,275 |
| Property Plant Equipment | 28,058,241 | 19,723,781 | 2,770,555 |
| Good Will | - | - | - |
| Intangible Assets | - | - | - |
| Other Assets | - | - | - |
| Deferred Long Term Asset Charges | - | - | - |
| Total Assets | 34,684,166 | 30,144,639 | 8,042,830 |
| Accounts Payable | 1,974,294 | 1,438,505 | 1,222,407 |
| Short/Long Term Debt | 289,582 | 146,595 | - |
| Other Current Liabilities | 1,477,893 | 2,224,206 | 4,000,000 |
| Long Term Debt | - | - | - |
| Other Liabilities | - | - | - |
| Total Current Liabilities | 5,461,403 | 5,503,270 | 5,480,135 |
| Total Liabilities | 7,873,983 | 5,601,042 | 5,480,135 |
| Common Stock | 78,519,643 | 70,629,920 | 46,825,287 |
| Retained Earnings | -52,030,521 | -47,543,763 | -45,475,743 |
| Treasury Stock | - | - | - |
| Other Stockholder Equity | - | - | - |
| Total Stockholder Equity | 27,698,889 | 23,974,081 | 1,995,522 |
| Net Tangible Assets | 27,698,889 | 23,974,081 | 1,995,522 |
Critical Resources Limited (ASX:CRR) Balance Sheet Statement FAQ
1. How much Cash Critical Resources Limited has on their balance sheet?
As of 31 Dec 2023, Critical Resources Limited (ASX:CRR) has $5,496,159 of Cash.
2. What's the long term debt of Critical Resources Limited?
As per the latest Balance sheet of Critical Resources Limited (ASX:CRR), it has no Long term debt.
3. How much share holder equity does Critical Resources Limited has?
The Critical Resources Limited (ASX:CRR)'s balance sheet shows that it has $27,698,889 of Total stock holder equity.