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.
Harris Technology Group Limited Balance Sheet Statement - Assets
As of 30 Jun 2024, The total current assets of Harris Technology Group Limited (ASX:HT8) was around $5,940,622 which consisted of $974,318 of Cash, $3,281,219 of Inventory and $1,132,511 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 Harris Technology Group Limited also showed $1,360,858 of Property Plant Equipment and no Good will. Also there were $9,491 of Intangible assets and no Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $7,310,971.
Harris Technology Group Limited Balance Sheet Statement - Liabilities
HT8's latest annual results shows the balance sheet has $2,159,420 of Accounts Payable. Also there were $3,157,526 of Short/Long term debt, $1,395,147 of Long term debt, no Other Current liabilities and $2,928,967 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 2024's annual report of Harris Technology Group Limited, the total liabilities were $5,735,160.
HT8 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 Harris Technology Group Limited showed the total stock holder equity was $1,575,811 which consisted of $17,590,784 of Common stocks, $-16,014,973 of Retained earnings and no Other stock holder equity.
HT8 Balance Sheet Statement History
Following table shows the history of balance sheet for Harris Technology Group Limited (HT8).
| 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2022 | 30 Jun 2021 | |
|---|---|---|---|---|
| Cash | 974,318 | 1,766,018 | 2,385,803 | 3,262,107 |
| Net Receivables | 1,132,511 | 1,443,007 | 2,392,703 | 3,129,379 |
| Inventory | 3,281,219 | 4,747,855 | 9,788,196 | 10,766,788 |
| Total Current Assets | 5,940,622 | 13,553,067 | 14,851,131 | 17,312,698 |
| Property Plant Equipment | 1,360,858 | 1,523,852 | 1,683,615 | 181,098 |
| Good Will | - | - | - | - |
| Intangible Assets | 9,491 | 9,320 | - | - |
| Other Assets | - | - | - | - |
| Deferred Long Term Asset Charges | - | - | - | - |
| Total Assets | 7,310,971 | 9,728,491 | 17,319,148 | 18,277,188 |
| Accounts Payable | 2,159,420 | 2,724,345 | 6,123,014 | 7,734,915 |
| Short/Long Term Debt | 3,157,526 | 5,584,177 | 4,690,742 | 2,446,971 |
| Other Current Liabilities | - | - | - | 2,266,380 |
| Long Term Debt | 1,395,147 | 1,806,918 | - | - |
| Other Liabilities | - | - | - | - |
| Total Current Liabilities | 2,928,967 | 5,354,154 | 10,379,957 | 10,476,245 |
| Total Liabilities | 5,735,160 | 8,674,196 | 11,941,758 | 10,616,075 |
| Common Stock | 17,590,784 | 17,590,784 | 17,590,784 | 17,556,284 |
| Retained Earnings | -16,014,973 | -14,608,179 | -11,304,506 | -9,954,535 |
| Treasury Stock | - | - | - | - |
| Other Stockholder Equity | - | - | - | - |
| Total Stockholder Equity | 1,575,811 | 2,982,605 | 6,286,278 | 7,661,113 |
| Net Tangible Assets | 1,566,320 | 2,973,285 | 6,286,278 | 7,661,113 |
Harris Technology Group Limited (ASX:HT8) Balance Sheet Statement FAQ
1. How much Cash Harris Technology Group Limited has on their balance sheet?
As of 30 Jun 2024, Harris Technology Group Limited (ASX:HT8) has $974,318 of Cash.
2. What's the long term debt of Harris Technology Group Limited?
As per the latest Balance sheet of Harris Technology Group Limited (ASX:HT8), it has $1,395,147 of Long term debt.
3. How much share holder equity does Harris Technology Group Limited has?
The Harris Technology Group Limited (ASX:HT8)'s balance sheet shows that it has $1,575,811 of Total stock holder equity.