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.
Industrial Minerals Ltd Balance Sheet Statement - Assets
As of 30 Jun 2024, The total current assets of Industrial Minerals Ltd (ASX:IND) was around $452,727 which consisted of $358,951 of Cash, no Inventory and $59,183 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 Industrial Minerals Ltd also showed $2,820,441 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 $3,292,018.
Industrial Minerals Ltd Balance Sheet Statement - Liabilities
IND's latest annual results shows the balance sheet has $270,529 of Accounts Payable. Also there were $105,398 of Short/Long term debt, no Long term debt, no Other Current liabilities and $420,647 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 Industrial Minerals Ltd, the total liabilities were $490,037.
IND 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 Industrial Minerals Ltd showed the total stock holder equity was $2,801,981 which consisted of $6,478,882 of Common stocks, $-4,917,789 of Retained earnings and no Other stock holder equity.
IND Balance Sheet Statement History
Following table shows the history of balance sheet for Industrial Minerals Ltd (IND).
| 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2022 | |
|---|---|---|---|
| Cash | 358,951 | 1,203,513 | 3,411,756 |
| Net Receivables | 59,183 | 49,744 | 43,531 |
| Inventory | - | - | - |
| Total Current Assets | 452,727 | 1,293,180 | 3,455,287 |
| Property Plant Equipment | 2,820,441 | 1,977,741 | 819,451 |
| Good Will | - | - | - |
| Intangible Assets | - | - | - |
| Other Assets | - | - | - |
| Deferred Long Term Asset Charges | - | - | - |
| Total Assets | 3,292,018 | 3,289,771 | 4,293,588 |
| Accounts Payable | 270,529 | 120,065 | 217,215 |
| Short/Long Term Debt | 105,398 | 138,978 | 172,128 |
| Other Current Liabilities | - | - | - |
| Long Term Debt | - | - | - |
| Other Liabilities | - | - | - |
| Total Current Liabilities | 420,647 | 244,710 | 277,438 |
| Total Liabilities | 490,037 | 350,108 | 416,913 |
| Common Stock | 6,478,882 | 4,863,839 | 4,863,839 |
| Retained Earnings | -4,917,789 | -3,241,800 | -1,695,724 |
| Treasury Stock | - | - | - |
| Other Stockholder Equity | - | - | - |
| Total Stockholder Equity | 2,801,981 | 2,939,663 | 3,876,675 |
| Net Tangible Assets | 2,801,981 | 2,939,663 | 3,876,675 |
Industrial Minerals Ltd (ASX:IND) Balance Sheet Statement FAQ
1. How much Cash Industrial Minerals Ltd has on their balance sheet?
As of 30 Jun 2024, Industrial Minerals Ltd (ASX:IND) has $358,951 of Cash.
2. What's the long term debt of Industrial Minerals Ltd?
As per the latest Balance sheet of Industrial Minerals Ltd (ASX:IND), it has no Long term debt.
3. How much share holder equity does Industrial Minerals Ltd has?
The Industrial Minerals Ltd (ASX:IND)'s balance sheet shows that it has $2,801,981 of Total stock holder equity.