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.

Toro Energy Limited Balance Sheet Statement - Assets

As of 30 Jun 2024, The total current assets of Toro Energy Limited (ASX:TOE) was around $13,039,561 which consisted of $11,809,406 of Cash, no Inventory and $182,816 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
$11,809,406
Current assets
$13,039,561
Total assets
$31,485,316

The latest balance sheet of Toro Energy Limited also showed $18,440,754 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 $31,485,316.

Toro Energy Limited Balance Sheet Statement - Liabilities

TOE's latest annual results shows the balance sheet has $827,418 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, no Other Current liabilities and $1,088,150 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
$827,418
Current liabilities
$1,088,150
Total liabilities
$1,088,162

As per the 30 Jun 2024's annual report of Toro Energy Limited, the total liabilities were $1,088,162.

TOE 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 Toro Energy Limited showed the total stock holder equity was $30,397,154 which consisted of $348,291,714 of Common stocks, $-326,850,243 of Retained earnings and no Other stock holder equity.

TOE Balance Sheet Statement History

Following table shows the history of balance sheet for Toro Energy Limited (TOE).

30 Jun 2024 30 Jun 2023 30 Jun 2022 30 Jun 2021
Cash 11,809,406 1,119,352 2,049,804 10,379,707
Net Receivables 182,816 59,293 144,326 222,948
Inventory - - - -
Total Current Assets 13,039,561 3,349,524 4,632,565 12,618,293
Property Plant Equipment 18,440,754 18,468,672 18,521,001 18,534,428
Good Will - - - -
Intangible Assets - - - -
Other Assets - - - -
Deferred Long Term Asset Charges - - - -
Total Assets 31,485,316 21,823,197 23,158,567 31,157,722
Accounts Payable 827,418 1,129,868 1,176,612 413,701
Short/Long Term Debt - - - 10,000,000
Other Current Liabilities - - - -
Long Term Debt - - - -
Other Liabilities - - - -
Total Current Liabilities 1,088,150 1,372,821 1,555,579 10,837,627
Total Liabilities 1,088,162 1,382,856 1,564,434 10,843,451
Common Stock 348,291,714 332,320,134 327,562,336 320,879,396
Retained Earnings -326,850,243 -318,776,101 -311,678,511 -302,744,034
Treasury Stock - - - -
Other Stockholder Equity - - - -
Total Stockholder Equity 30,397,154 20,440,341 21,594,133 20,314,271
Net Tangible Assets 30,397,154 20,440,341 21,594,133 20,314,271

Toro Energy Limited (ASX:TOE) Balance Sheet Statement FAQ

1. How much Cash Toro Energy Limited has on their balance sheet?

As of 30 Jun 2024, Toro Energy Limited (ASX:TOE) has $11,809,406 of Cash.

2. What's the long term debt of Toro Energy Limited?

As per the latest Balance sheet of Toro Energy Limited (ASX:TOE), it has no Long term debt.

3. How much share holder equity does Toro Energy Limited has?

The Toro Energy Limited (ASX:TOE)'s balance sheet shows that it has $30,397,154 of Total stock holder equity.