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.
Solis Minerals Ltd. Balance Sheet Statement - Assets
As of 31 May 2025, The total current assets of Solis Minerals Ltd. (ASX:SLM) was around $3,602,633 which consisted of $3,319,264 of Cash, no Inventory and $63,525 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 CAD
The latest balance sheet of Solis Minerals Ltd. also showed $7,066,346 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 $10,668,979.
Solis Minerals Ltd. Balance Sheet Statement - Liabilities
SLM's latest annual results shows the balance sheet has $443,408 of Accounts Payable. Also there were $12,643 of Short/Long term debt, no Long term debt, $1,854,125 of Other Current liabilities and $2,431,467 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 May 2025's annual report of Solis Minerals Ltd., the total liabilities were $2,432,539.
SLM 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 Solis Minerals Ltd. showed the total stock holder equity was $8,236,440 which consisted of $48,622,630 of Common stocks, $-44,830,341 of Retained earnings and no Other stock holder equity.
SLM Balance Sheet Statement History
Following table shows the history of balance sheet for Solis Minerals Ltd. (SLM).
| 31 May 2025 | 31 May 2024 | 31 May 2023 | 31 May 2022 | 31 May 2021 | |
|---|---|---|---|---|---|
| Cash | 3,319,264 | 3,921,451 | 113,036 | 3,570,301 | - |
| Net Receivables | 63,525 | 41,932 | 41,695 | 35,954 | - |
| Inventory | - | - | - | - | - |
| Total Current Assets | 3,602,633 | 4,121,769 | 204,479 | 3,716,318 | - |
| Property Plant Equipment | 7,066,346 | 7,419,445 | 4,241,364 | 3,385,687 | - |
| Good Will | - | - | - | - | - |
| Intangible Assets | - | - | - | - | - |
| Other Assets | - | - | - | - | - |
| Deferred Long Term Asset Charges | - | - | - | - | - |
| Total Assets | 10,668,979 | 11,631,214 | 5,217,432 | 7,102,005 | - |
| Accounts Payable | 443,408 | 310,260 | 325,590 | 376,549 | - |
| Short/Long Term Debt | 12,643 | 24,825 | - | - | 51,016 |
| Other Current Liabilities | 1,854,125 | - | 125,432 | 449,916 | - |
| Long Term Debt | - | - | - | - | - |
| Other Liabilities | - | - | - | - | - |
| Total Current Liabilities | 2,431,467 | 432,404 | 553,022 | 976,162 | - |
| Total Liabilities | 2,432,539 | 447,085 | 553,022 | 976,162 | - |
| Common Stock | 48,622,630 | 47,329,630 | 29,025,555 | 29,025,555 | - |
| Retained Earnings | -44,830,341 | -39,698,419 | -27,729,106 | -26,267,673 | - |
| Treasury Stock | - | - | - | - | - |
| Other Stockholder Equity | - | - | - | - | - |
| Total Stockholder Equity | 8,236,440 | 11,184,129 | 4,664,410 | 6,125,843 | - |
| Net Tangible Assets | 8,236,440 | 11,184,129 | 4,664,410 | 6,125,843 | - |
Solis Minerals Ltd. (ASX:SLM) Balance Sheet Statement FAQ
1. How much Cash Solis Minerals Ltd. has on their balance sheet?
As of 31 May 2025, Solis Minerals Ltd. (ASX:SLM) has $3,319,264 of Cash.
2. What's the long term debt of Solis Minerals Ltd.?
As per the latest Balance sheet of Solis Minerals Ltd. (ASX:SLM), it has no Long term debt.
3. How much share holder equity does Solis Minerals Ltd. has?
The Solis Minerals Ltd. (ASX:SLM)'s balance sheet shows that it has $8,236,440 of Total stock holder equity.