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.
Marvel Gold Limited Balance Sheet Statement - Assets
As of 31 Dec 2024, The total current assets of Marvel Gold Limited (ASX:MVL) was around $550,992 which consisted of $512,613 of Cash, no Inventory and $7,732 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 Marvel Gold Limited also showed $1,733,139 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 $3,384,131.
Marvel Gold Limited Balance Sheet Statement - Liabilities
MVL's latest annual results shows the balance sheet has $451,337 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, no Other Current liabilities and $451,337 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 2024's annual report of Marvel Gold Limited, the total liabilities were $451,337.
MVL 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 Marvel Gold Limited showed the total stock holder equity was $3,050,010 which consisted of $42,784,112 of Common stocks, $-39,808,827 of Retained earnings and no Other stock holder equity.
MVL Balance Sheet Statement History
Following table shows the history of balance sheet for Marvel Gold Limited (MVL).
| 31 Dec 2024 | 31 Dec 2023 | 31 Dec 2022 | 30 Jun 2021 | |
|---|---|---|---|---|
| Cash | 512,613 | 1,337,267 | 1,181,423 | 1,506,958 |
| Net Receivables | 7,732 | 57,184 | 114,759 | 631,889 |
| Inventory | - | - | - | - |
| Total Current Assets | 550,992 | 1,432,508 | 1,374,147 | 7,157,872 |
| Property Plant Equipment | 1,733,139 | 1,359,178 | 4,007,769 | 3,041,413 |
| Good Will | - | - | - | - |
| Intangible Assets | - | - | - | - |
| Other Assets | - | - | - | - |
| Deferred Long Term Asset Charges | - | - | - | - |
| Total Assets | 3,384,131 | 6,982,085 | 12,096,832 | 10,199,285 |
| Accounts Payable | 451,337 | 111,918 | 208,020 | 1,127,195 |
| Short/Long Term Debt | - | - | - | - |
| Other Current Liabilities | - | - | - | 8,730,035 |
| Long Term Debt | - | - | - | - |
| Other Liabilities | - | - | - | - |
| Total Current Liabilities | 451,337 | 112,880 | 271,594 | 10,462,238 |
| Total Liabilities | 451,337 | 112,880 | 271,594 | 10,565,096 |
| Common Stock | 42,784,112 | 42,784,112 | 40,974,185 | 31,134,472 |
| Retained Earnings | -39,808,827 | -36,796,397 | -30,909,759 | -34,562,006 |
| Treasury Stock | - | - | - | - |
| Other Stockholder Equity | - | - | - | - |
| Total Stockholder Equity | 3,050,010 | 6,940,473 | 11,913,200 | -365,811 |
| Net Tangible Assets | 3,050,010 | 6,940,473 | 11,913,200 | -365,811 |
Marvel Gold Limited (ASX:MVL) Balance Sheet Statement FAQ
1. How much Cash Marvel Gold Limited has on their balance sheet?
As of 31 Dec 2024, Marvel Gold Limited (ASX:MVL) has $512,613 of Cash.
2. What's the long term debt of Marvel Gold Limited?
As per the latest Balance sheet of Marvel Gold Limited (ASX:MVL), it has no Long term debt.
3. How much share holder equity does Marvel Gold Limited has?
The Marvel Gold Limited (ASX:MVL)'s balance sheet shows that it has $3,050,010 of Total stock holder equity.