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.
Mineral Commodities Ltd Balance Sheet Statement - Assets
As of 31 Dec 2023, The total current assets of Mineral Commodities Ltd (ASX:MRC) was around $62,734,341 which consisted of $1,129,794 of Cash, $40,877,996 of Inventory and $20,414,428 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 Mineral Commodities Ltd also showed $26,974,172 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 $92,745,727.
Mineral Commodities Ltd Balance Sheet Statement - Liabilities
MRC's latest annual results shows the balance sheet has $16,471,760 of Accounts Payable. Also there were $8,217,328 of Short/Long term debt, $4,133,824 of Long term debt, no Other Current liabilities and $31,459,167 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 31 Dec 2023's annual report of Mineral Commodities Ltd, the total liabilities were $37,372,801.
MRC 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 Mineral Commodities Ltd showed the total stock holder equity was $42,894,406 which consisted of $90,914,631 of Common stocks, $-8,250,237 of Retained earnings and no Other stock holder equity.
MRC Balance Sheet Statement History
Following table shows the history of balance sheet for Mineral Commodities Ltd (MRC).
| 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | |
|---|---|---|---|
| Cash | 1,129,794 | 1,142,141 | 4,251,383 |
| Net Receivables | 20,414,428 | 10,869,004 | 7,743,836 |
| Inventory | 40,877,996 | 11,849,610 | 11,174,123 |
| Total Current Assets | 62,734,341 | 24,600,169 | 23,660,496 |
| Property Plant Equipment | 26,974,172 | 50,451,115 | 59,972,645 |
| Good Will | - | - | - |
| Intangible Assets | - | - | - |
| Other Assets | - | - | - |
| Deferred Long Term Asset Charges | - | - | - |
| Total Assets | 92,745,727 | 78,550,448 | 87,587,122 |
| Accounts Payable | 16,471,760 | 9,493,428 | 4,871,217 |
| Short/Long Term Debt | 8,217,328 | 7,251,163 | 9,620,588 |
| Other Current Liabilities | - | - | - |
| Long Term Debt | 4,133,824 | 2,905,040 | 4,655,768 |
| Other Liabilities | - | - | - |
| Total Current Liabilities | 31,459,167 | 23,404,123 | 16,265,433 |
| Total Liabilities | 37,372,801 | 31,318,360 | 26,917,928 |
| Common Stock | 90,914,631 | 78,925,112 | 77,672,620 |
| Retained Earnings | -8,250,237 | 1,715,369 | 12,892,636 |
| Treasury Stock | - | - | - |
| Other Stockholder Equity | - | - | - |
| Total Stockholder Equity | 42,894,406 | 47,829,640 | 60,717,629 |
| Net Tangible Assets | 42,894,406 | 47,829,640 | 60,717,629 |
Mineral Commodities Ltd (ASX:MRC) Balance Sheet Statement FAQ
1. How much Cash Mineral Commodities Ltd has on their balance sheet?
As of 31 Dec 2023, Mineral Commodities Ltd (ASX:MRC) has $1,129,794 of Cash.
2. What's the long term debt of Mineral Commodities Ltd?
As per the latest Balance sheet of Mineral Commodities Ltd (ASX:MRC), it has $4,133,824 of Long term debt.
3. How much share holder equity does Mineral Commodities Ltd has?
The Mineral Commodities Ltd (ASX:MRC)'s balance sheet shows that it has $42,894,406 of Total stock holder equity.