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.
Design Milk Co Limited Balance Sheet Statement - Assets
As of 30 Jun 2023, The total current assets of Design Milk Co Limited (ASX:DMC) was around $447,558 which consisted of $367,973 of Cash, no Inventory and $75,233 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 USD
The latest balance sheet of Design Milk Co Limited also showed $406 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 $447,964.
Design Milk Co Limited Balance Sheet Statement - Liabilities
DMC's latest annual results shows the balance sheet has $86,124 of Accounts Payable. Also there were $345,751 of Short/Long term debt, $345,751 of Long term debt, $9,790 of Other Current liabilities and $476,474 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 2023's annual report of Design Milk Co Limited, the total liabilities were $822,225.
DMC 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 Design Milk Co Limited showed the total stock holder equity was $-374,261 which consisted of $57,004,215 of Common stocks, $-59,153,769 of Retained earnings and no Other stock holder equity.
DMC Balance Sheet Statement History
Following table shows the history of balance sheet for Design Milk Co Limited (DMC).
| 30 Jun 2023 | 30 Jun 2022 | 30 Jun 2021 | |
|---|---|---|---|
| Cash | 367,973 | 220,024 | 1,670,290 |
| Net Receivables | 75,233 | 100,435 | 351,814 |
| Inventory | - | 6,009 | 21,039 |
| Total Current Assets | 447,558 | 347,821 | 2,081,016 |
| Property Plant Equipment | 406 | 39,581 | 7,386 |
| Good Will | - | - | 286,666 |
| Intangible Assets | - | - | 921,667 |
| Other Assets | - | - | - |
| Deferred Long Term Asset Charges | - | - | - |
| Total Assets | 447,964 | 387,402 | 3,296,735 |
| Accounts Payable | 86,124 | 68,056 | 85,338 |
| Short/Long Term Debt | 345,751 | - | 210,158 |
| Other Current Liabilities | 9,790 | 42,080 | 220,189 |
| Long Term Debt | 345,751 | - | 43,783 |
| Other Liabilities | - | - | - |
| Total Current Liabilities | 476,474 | 213,690 | 554,174 |
| Total Liabilities | 822,225 | 213,690 | 597,957 |
| Common Stock | 57,004,215 | 57,004,215 | 57,004,215 |
| Retained Earnings | -59,153,769 | -58,599,036 | -55,910,150 |
| Treasury Stock | - | - | - |
| Other Stockholder Equity | - | - | - |
| Total Stockholder Equity | -374,261 | 173,712 | 2,698,778 |
| Net Tangible Assets | -374,261 | 173,712 | 1,490,445 |
Design Milk Co Limited (ASX:DMC) Balance Sheet Statement FAQ
1. How much Cash Design Milk Co Limited has on their balance sheet?
As of 30 Jun 2023, Design Milk Co Limited (ASX:DMC) has $367,973 of Cash.
2. What's the long term debt of Design Milk Co Limited?
As per the latest Balance sheet of Design Milk Co Limited (ASX:DMC), it has $345,751 of Long term debt.
3. How much share holder equity does Design Milk Co Limited has?
The Design Milk Co Limited (ASX:DMC)'s balance sheet shows that it has $-374,261 of Total stock holder equity.