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.

Torque Metals Limited Balance Sheet Statement - Assets

As of 30 Jun 2024, The total current assets of Torque Metals Limited (ASX:TOR) was around $2,319,985 which consisted of $2,261,817 of Cash, no Inventory and $58,168 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
$2,261,817
Current assets
$2,319,985
Total assets
$22,777,285

The latest balance sheet of Torque Metals Limited also showed $20,457,300 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 $22,777,285.

Torque Metals Limited Balance Sheet Statement - Liabilities

TOR's latest annual results shows the balance sheet has $1,965,085 of Accounts Payable. Also there were $19,060 of Short/Long term debt, no Long term debt, no Other Current liabilities and $2,658,995 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
$1,965,085
Current liabilities
$2,658,995
Total liabilities
$2,667,136

As per the 30 Jun 2024's annual report of Torque Metals Limited, the total liabilities were $2,667,136.

TOR 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 Torque Metals Limited showed the total stock holder equity was $20,110,149 which consisted of $24,169,892 of Common stocks, $-10,583,986 of Retained earnings and no Other stock holder equity.

TOR Balance Sheet Statement History

Following table shows the history of balance sheet for Torque Metals Limited (TOR).

30 Jun 2024 30 Jun 2023 30 Jun 2022 30 Jun 2021
Cash 2,261,817 2,090,389 3,440,943 5,084,472
Net Receivables 58,168 33,074 21,893 37,108
Inventory - - - -
Total Current Assets 2,319,985 2,773,463 3,462,836 5,121,580
Property Plant Equipment 20,457,300 8,937,986 6,824,320 3,695,023
Good Will - - - -
Intangible Assets - - - -
Other Assets - - - -
Deferred Long Term Asset Charges - - - -
Total Assets 22,777,285 11,711,449 10,287,156 8,816,603
Accounts Payable 1,965,085 788,328 226,514 555,000
Short/Long Term Debt 19,060 40,941 61,049 -
Other Current Liabilities - - 1 -
Long Term Debt - - - -
Other Liabilities - - - -
Total Current Liabilities 2,658,995 956,900 329,920 769,920
Total Liabilities 2,667,136 981,023 363,930 769,920
Common Stock 24,169,892 13,524,183 11,618,109 9,041,144
Retained Earnings -10,583,986 -6,717,640 -4,623,352 -2,468,848
Treasury Stock - - - -
Other Stockholder Equity - - - -
Total Stockholder Equity 20,110,149 10,730,426 9,923,226 8,046,683
Net Tangible Assets 20,110,149 10,730,426 9,923,226 8,046,683

Torque Metals Limited (ASX:TOR) Balance Sheet Statement FAQ

1. How much Cash Torque Metals Limited has on their balance sheet?

As of 30 Jun 2024, Torque Metals Limited (ASX:TOR) has $2,261,817 of Cash.

2. What's the long term debt of Torque Metals Limited?

As per the latest Balance sheet of Torque Metals Limited (ASX:TOR), it has no Long term debt.

3. How much share holder equity does Torque Metals Limited has?

The Torque Metals Limited (ASX:TOR)'s balance sheet shows that it has $20,110,149 of Total stock holder equity.