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.

Lincoln Minerals Limited Balance Sheet Statement - Assets

As of 30 Jun 2024, The total current assets of Lincoln Minerals Limited (ASX:LML) was around $2,664,227 which consisted of $2,573,340 of Cash, no Inventory and $90,887 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
$2,573,340
Current assets
$2,664,227
Total assets
$8,532,826

The latest balance sheet of Lincoln Minerals Limited also showed $5,845,479 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 $8,532,826.

Lincoln Minerals Limited Balance Sheet Statement - Liabilities

LML's latest annual results shows the balance sheet has $176,944 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, no Other Current liabilities and $345,880 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
$176,944
Current liabilities
$345,880
Total liabilities
$345,880

As per the 30 Jun 2024's annual report of Lincoln Minerals Limited, the total liabilities were $345,880.

LML 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 Lincoln Minerals Limited showed the total stock holder equity was $8,186,946 which consisted of $46,362,669 of Common stocks, $-38,289,539 of Retained earnings and no Other stock holder equity.

LML Balance Sheet Statement History

Following table shows the history of balance sheet for Lincoln Minerals Limited (LML).

30 Jun 2024 30 Jun 2023 30 Jun 2022 30 Jun 2021
Cash 2,573,340 1,162,293 42,124 44,766
Net Receivables 90,887 122,661 72,907 99,401
Inventory - - - -
Total Current Assets 2,664,227 1,334,382 140,730 319,671
Property Plant Equipment 5,845,479 5,668,828 5,724,244 7,247,076
Good Will - - - -
Intangible Assets - - 13 26
Other Assets - - - -
Deferred Long Term Asset Charges - - - -
Total Assets 8,532,826 7,033,210 5,894,987 7,596,773
Accounts Payable 176,944 17,421 205,586 152,110
Short/Long Term Debt - - - -
Other Current Liabilities - - 510,000 -
Long Term Debt - - - -
Other Liabilities - - - -
Total Current Liabilities 345,880 117,788 739,367 257,398
Total Liabilities 345,880 117,788 739,367 257,398
Common Stock 46,362,669 42,600,143 37,239,123 37,239,123
Retained Earnings -38,289,539 -35,599,329 -31,989,286 -29,962,748
Treasury Stock - - - -
Other Stockholder Equity - - - -
Total Stockholder Equity 8,186,946 7,035,814 5,249,837 7,276,375
Net Tangible Assets 8,186,946 7,035,814 5,249,824 7,276,349

Lincoln Minerals Limited (ASX:LML) Balance Sheet Statement FAQ

1. How much Cash Lincoln Minerals Limited has on their balance sheet?

As of 30 Jun 2024, Lincoln Minerals Limited (ASX:LML) has $2,573,340 of Cash.

2. What's the long term debt of Lincoln Minerals Limited?

As per the latest Balance sheet of Lincoln Minerals Limited (ASX:LML), it has no Long term debt.

3. How much share holder equity does Lincoln Minerals Limited has?

The Lincoln Minerals Limited (ASX:LML)'s balance sheet shows that it has $8,186,946 of Total stock holder equity.