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.
Omnia Metals Group Ltd Balance Sheet Statement - Assets
As of 30 Jun 2024, The total current assets of Omnia Metals Group Ltd (ASX:OM1) was around $645,568 which consisted of $592,596 of Cash, no Inventory and $52,972 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 Omnia Metals Group Ltd also showed $7,495,169 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 $8,140,736.
Omnia Metals Group Ltd Balance Sheet Statement - Liabilities
OM1's latest annual results shows the balance sheet has $179,870 of Accounts Payable. Also there were $31,005 of Short/Long term debt, no Long term debt, no Other Current liabilities and $278,638 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 Omnia Metals Group Ltd, the total liabilities were $278,638.
OM1 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 Omnia Metals Group Ltd showed the total stock holder equity was $7,862,098 which consisted of $10,275,517 of Common stocks, $-3,710,132 of Retained earnings and no Other stock holder equity.
OM1 Balance Sheet Statement History
Following table shows the history of balance sheet for Omnia Metals Group Ltd (OM1).
| 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2022 | |
|---|---|---|---|
| Cash | 592,596 | 3,814,226 | 3,854,215 |
| Net Receivables | 52,972 | 103,611 | 73,727 |
| Inventory | - | - | - |
| Total Current Assets | 645,568 | 3,917,837 | 3,927,942 |
| Property Plant Equipment | 7,495,169 | 5,927,866 | 3,086,310 |
| Good Will | - | - | - |
| Intangible Assets | - | - | - |
| Other Assets | - | - | - |
| Deferred Long Term Asset Charges | - | - | - |
| Total Assets | 8,140,736 | 9,845,703 | 7,014,252 |
| Accounts Payable | 179,870 | 444,872 | 117,778 |
| Short/Long Term Debt | 31,005 | 69,601 | 105,398 |
| Other Current Liabilities | - | - | - |
| Long Term Debt | - | - | - |
| Other Liabilities | - | - | - |
| Total Current Liabilities | 278,638 | 577,958 | 252,235 |
| Total Liabilities | 278,638 | 608,963 | 321,625 |
| Common Stock | 10,275,517 | 9,911,197 | 6,554,725 |
| Retained Earnings | -3,710,132 | -1,731,346 | -671,673 |
| Treasury Stock | - | - | - |
| Other Stockholder Equity | - | - | - |
| Total Stockholder Equity | 7,862,098 | 9,236,740 | 6,692,627 |
| Net Tangible Assets | 7,862,098 | 9,236,740 | 6,692,627 |
Omnia Metals Group Ltd (ASX:OM1) Balance Sheet Statement FAQ
1. How much Cash Omnia Metals Group Ltd has on their balance sheet?
As of 30 Jun 2024, Omnia Metals Group Ltd (ASX:OM1) has $592,596 of Cash.
2. What's the long term debt of Omnia Metals Group Ltd?
As per the latest Balance sheet of Omnia Metals Group Ltd (ASX:OM1), it has no Long term debt.
3. How much share holder equity does Omnia Metals Group Ltd has?
The Omnia Metals Group Ltd (ASX:OM1)'s balance sheet shows that it has $7,862,098 of Total stock holder equity.