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.
Vertex Minerals Limited Balance Sheet Statement - Assets
As of 30 Jun 2024, The total current assets of Vertex Minerals Limited (ASX:VTX) was around $2,414,980 which consisted of $2,107,783 of Cash, no Inventory and $203,381 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 Vertex Minerals Limited also showed $10,787,920 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 $13,202,900.
Vertex Minerals Limited Balance Sheet Statement - Liabilities
VTX's latest annual results shows the balance sheet has $664,030 of Accounts Payable. Also there were $381,704 of Short/Long term debt, $84,276 of Long term debt, no Other Current liabilities and $896,287 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 Vertex Minerals Limited, the total liabilities were $1,118,277.
VTX 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 Vertex Minerals Limited showed the total stock holder equity was $12,084,623 which consisted of $14,223,960 of Common stocks, $-2,646,125 of Retained earnings and no Other stock holder equity.
VTX Balance Sheet Statement History
Following table shows the history of balance sheet for Vertex Minerals Limited (VTX).
| 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2022 | |
|---|---|---|---|
| Cash | 2,107,783 | 596,313 | 3,447,139 |
| Net Receivables | 203,381 | 42,404 | 26,788 |
| Inventory | - | - | - |
| Total Current Assets | 2,414,980 | 684,854 | 3,531,620 |
| Property Plant Equipment | 10,787,920 | 7,084,586 | 4,911,534 |
| Good Will | - | - | - |
| Intangible Assets | - | - | - |
| Other Assets | - | - | - |
| Deferred Long Term Asset Charges | - | - | - |
| Total Assets | 13,202,900 | 7,769,440 | 8,443,154 |
| Accounts Payable | 664,030 | 104,847 | 249,665 |
| Short/Long Term Debt | 381,704 | - | - |
| Other Current Liabilities | - | - | - |
| Long Term Debt | 84,276 | - | - |
| Other Liabilities | - | - | - |
| Total Current Liabilities | 896,287 | 309,326 | 283,849 |
| Total Liabilities | 1,118,277 | 309,326 | 283,849 |
| Common Stock | 14,223,960 | 8,825,412 | 8,619,730 |
| Retained Earnings | -2,646,125 | -1,570,630 | -600,710 |
| Treasury Stock | - | - | - |
| Other Stockholder Equity | - | - | - |
| Total Stockholder Equity | 12,084,623 | 7,460,114 | 8,159,305 |
| Net Tangible Assets | 12,084,623 | 7,460,114 | 8,159,305 |
Vertex Minerals Limited (ASX:VTX) Balance Sheet Statement FAQ
1. How much Cash Vertex Minerals Limited has on their balance sheet?
As of 30 Jun 2024, Vertex Minerals Limited (ASX:VTX) has $2,107,783 of Cash.
2. What's the long term debt of Vertex Minerals Limited?
As per the latest Balance sheet of Vertex Minerals Limited (ASX:VTX), it has $84,276 of Long term debt.
3. How much share holder equity does Vertex Minerals Limited has?
The Vertex Minerals Limited (ASX:VTX)'s balance sheet shows that it has $12,084,623 of Total stock holder equity.