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.
RemSense Technologies Limited Balance Sheet Statement - Assets
As of 30 Jun 2024, The total current assets of RemSense Technologies Limited (ASX:REM) was around $514,062 which consisted of $325,650 of Cash, no Inventory and $6,196 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 RemSense Technologies Limited also showed $361,501 of Property Plant Equipment and no Good will. Also there were $1,191,945 of Intangible assets and no Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $2,116,733.
RemSense Technologies Limited Balance Sheet Statement - Liabilities
REM's latest annual results shows the balance sheet has $82,581 of Accounts Payable. Also there were $198,156 of Short/Long term debt, $11,007 of Long term debt, $271,774 of Other Current liabilities and $812,134 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 RemSense Technologies Limited, the total liabilities were $1,124,988.
REM 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 RemSense Technologies Limited showed the total stock holder equity was $991,745 which consisted of $8,827,931 of Common stocks, $-8,320,449 of Retained earnings and no Other stock holder equity.
REM Balance Sheet Statement History
Following table shows the history of balance sheet for RemSense Technologies Limited (REM).
| 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2022 | |
|---|---|---|---|
| Cash | 325,650 | 789,652 | 2,140,174 |
| Net Receivables | 6,196 | 163,698 | 568,367 |
| Inventory | - | - | - |
| Total Current Assets | 514,062 | 1,226,293 | 2,943,402 |
| Property Plant Equipment | 361,501 | 539,493 | 407,133 |
| Good Will | - | - | - |
| Intangible Assets | 1,191,945 | 1,032,044 | 398,616 |
| Other Assets | - | - | - |
| Deferred Long Term Asset Charges | - | - | - |
| Total Assets | 2,116,733 | 2,845,066 | 3,749,151 |
| Accounts Payable | 82,581 | 206,821 | 426,708 |
| Short/Long Term Debt | 198,156 | 232,771 | 102,835 |
| Other Current Liabilities | 271,774 | 349,844 | 146,138 |
| Long Term Debt | 11,007 | 31,384 | - |
| Other Liabilities | - | - | - |
| Total Current Liabilities | 812,134 | 1,064,397 | 1,171,389 |
| Total Liabilities | 1,124,988 | 1,416,177 | 1,273,945 |
| Common Stock | 8,827,931 | 7,204,024 | 5,652,655 |
| Retained Earnings | -8,320,449 | -5,825,767 | -3,674,504 |
| Treasury Stock | - | - | - |
| Other Stockholder Equity | - | - | - |
| Total Stockholder Equity | 991,745 | 1,428,889 | 2,475,206 |
| Net Tangible Assets | -200,200 | 396,845 | 2,076,590 |
RemSense Technologies Limited (ASX:REM) Balance Sheet Statement FAQ
1. How much Cash RemSense Technologies Limited has on their balance sheet?
As of 30 Jun 2024, RemSense Technologies Limited (ASX:REM) has $325,650 of Cash.
2. What's the long term debt of RemSense Technologies Limited?
As per the latest Balance sheet of RemSense Technologies Limited (ASX:REM), it has $11,007 of Long term debt.
3. How much share holder equity does RemSense Technologies Limited has?
The RemSense Technologies Limited (ASX:REM)'s balance sheet shows that it has $991,745 of Total stock holder equity.