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.

Solstice Minerals Limited Balance Sheet Statement - Assets

As of 30 Jun 2024, The total current assets of Solstice Minerals Limited (ASX:SLS) was around $17,697,373 which consisted of $17,551,112 of Cash, no Inventory and $121,917 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

Cash
$17,551,112
Current assets
$17,697,373
Total assets
$21,896,835

The latest balance sheet of Solstice Minerals Limited also showed $4,027,124 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 $21,896,835.

Solstice Minerals Limited Balance Sheet Statement - Liabilities

SLS's latest annual results shows the balance sheet has $136,075 of Accounts Payable. Also there were $104,018 of Short/Long term debt, no Long term debt, no Other Current liabilities and $1,245,233 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.

Account payable
$136,075
Current liabilities
$1,245,233
Total liabilities
$1,296,007

As per the 30 Jun 2024's annual report of Solstice Minerals Limited, the total liabilities were $1,296,007.

SLS 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 Solstice Minerals Limited showed the total stock holder equity was $20,600,828 which consisted of $25,858,388 of Common stocks, $-7,168,481 of Retained earnings and no Other stock holder equity.

SLS Balance Sheet Statement History

Following table shows the history of balance sheet for Solstice Minerals Limited (SLS).

30 Jun 2024 30 Jun 2023 30 Jun 2022
Cash 17,551,112 9,973,240 15,917,248
Net Receivables 121,917 99,522 142,931
Inventory - - -
Total Current Assets 17,697,373 10,102,106 16,060,179
Property Plant Equipment 4,027,124 6,258,324 6,149,470
Good Will - - -
Intangible Assets - - -
Other Assets - - -
Deferred Long Term Asset Charges - - -
Total Assets 21,896,835 16,390,430 22,209,649
Accounts Payable 136,075 456,996 570,914
Short/Long Term Debt 104,018 184,013 49,788
Other Current Liabilities - - -
Long Term Debt - - -
Other Liabilities - - -
Total Current Liabilities 1,245,233 629,777 660,342
Total Liabilities 1,296,007 739,670 665,553
Common Stock 25,858,388 25,850,263 25,850,263
Retained Earnings -7,168,481 -11,780,887 -4,867,893
Treasury Stock - - -
Other Stockholder Equity - - -
Total Stockholder Equity 20,600,828 15,650,760 21,544,096
Net Tangible Assets 20,600,828 15,650,760 21,544,096

Solstice Minerals Limited (ASX:SLS) Balance Sheet Statement FAQ

1. How much Cash Solstice Minerals Limited has on their balance sheet?

As of 30 Jun 2024, Solstice Minerals Limited (ASX:SLS) has $17,551,112 of Cash.

2. What's the long term debt of Solstice Minerals Limited?

As per the latest Balance sheet of Solstice Minerals Limited (ASX:SLS), it has no Long term debt.

3. How much share holder equity does Solstice Minerals Limited has?

The Solstice Minerals Limited (ASX:SLS)'s balance sheet shows that it has $20,600,828 of Total stock holder equity.