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.

State Gas Limited Balance Sheet Statement - Assets

As of 30 Jun 2024, The total current assets of State Gas Limited (ASX:GAS) was around $196,057 which consisted of $31,751 of Cash, no Inventory and $52,443 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
$31,751
Current assets
$196,057
Total assets
$48,320,689

The latest balance sheet of State Gas Limited also showed $47,722,161 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 $48,320,689.

State Gas Limited Balance Sheet Statement - Liabilities

GAS's latest annual results shows the balance sheet has $2,599,915 of Accounts Payable. Also there were $2,137,042 of Short/Long term debt, no Long term debt, no Other Current liabilities and $4,902,056 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
$2,599,915
Current liabilities
$4,902,056
Total liabilities
$8,005,097

As per the 30 Jun 2024's annual report of State Gas Limited, the total liabilities were $8,005,097.

GAS 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 State Gas Limited showed the total stock holder equity was $40,315,592 which consisted of $50,009,838 of Common stocks, $-12,669,809 of Retained earnings and no Other stock holder equity.

GAS Balance Sheet Statement History

Following table shows the history of balance sheet for State Gas Limited (GAS).

30 Jun 2024 30 Jun 2023 30 Jun 2022 30 Jun 2021
Cash 31,751 453,347 3,225,443 3,160,029
Net Receivables 52,443 65,239 128,115 162,222
Inventory - - - -
Total Current Assets 196,057 580,257 3,353,986 3,415,847
Property Plant Equipment 47,722,161 39,933,847 30,127,570 25,748,891
Good Will - - - -
Intangible Assets - - - -
Other Assets - - - -
Deferred Long Term Asset Charges - - - -
Total Assets 48,320,689 40,914,275 33,881,727 29,542,767
Accounts Payable 2,599,915 603,315 93,465 2,376,208
Short/Long Term Debt 2,137,042 400,000 - -
Other Current Liabilities - -1,000 - -
Long Term Debt - - - -
Other Liabilities - - - -
Total Current Liabilities 4,902,056 1,567,831 262,006 2,583,542
Total Liabilities 8,005,097 4,506,513 2,583,884 4,361,453
Common Stock 50,009,838 42,917,843 36,252,155 29,219,955
Retained Earnings -12,669,809 -9,039,213 -7,851,069 -9,193,333
Treasury Stock - - - -
Other Stockholder Equity - - - -
Total Stockholder Equity 40,315,592 36,607,762 31,297,843 25,181,314
Net Tangible Assets 40,315,592 36,607,762 31,297,843 25,181,314

State Gas Limited (ASX:GAS) Balance Sheet Statement FAQ

1. How much Cash State Gas Limited has on their balance sheet?

As of 30 Jun 2024, State Gas Limited (ASX:GAS) has $31,751 of Cash.

2. What's the long term debt of State Gas Limited?

As per the latest Balance sheet of State Gas Limited (ASX:GAS), it has no Long term debt.

3. How much share holder equity does State Gas Limited has?

The State Gas Limited (ASX:GAS)'s balance sheet shows that it has $40,315,592 of Total stock holder equity.