Rare Element Resources Ltd.
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Rare Element Resources Ltd.'s balance sheet done over the years? Its assets were worth $10,744,000 last year, which is less than in the previous period. 21% of Rare Element Resources Ltd.’s total assets is currently financed by debt. Its liabilities reached the amount of $2,307,000, which means an increase by 19% compared compared to last year.
Debt to Assets
| 2014 | 11832000 | 1.46M | 12.37% |
|---|---|---|---|
| 2015 | 5287000 | 1.26M | 23.95% |
| 2016 | 1714000 | 1.02M | 59.63% |
| 2017 | 5089000 | 2.36M | 46.43% |
| 2018 | 3221000 | 2.15M | 66.9% |
| 2019 | 6360000 | 1.20M | 18.9% |
| 2020 | 3404000 | 1.18M | 34.67% |
| 2021 | 26116000 | 2.67M | 10.24% |
| 2022 | 18867000 | 1.93M | 10.24% |
| 2023 | 10744000 | 2.30M | 21.47% |
REEMF Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 3.63M | 15.52M | 22.24M | 2.70M | 5.66M | 2.52M | 4.36M | 927K | 3.88M | 10.13M |
Short term investments | 0 | 0 | 0 | 0 | 0 | 600K | 600K | 600M | 0 | 0 |
Net receivables | 2.17M | 174K | 106K | 0 | 0 | 0 | 0 | 0 | 10K | 27K |
Inventory | 0 | 2.14M | 2.7M | 0 | 0 | 0 | 0 | 0 | 0 | -6K |
Other current assets | 3.93M | 140K | 75K | 47K | 40K | 37K | 82K | 81K | 162K | 315K |
Total current assets | 9.75M | 17.97M | 25.12M | 2.75M | 5.70M | 2.56M | 4.40M | 1.00M | 4.05M | 10.48M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 808K | 288K | 388K | 51K | 56K | 61K | 88K | 106K | 1.23M | 1.35M |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current assets | 186K | 600K | 600K | 600K | 600K | 472K | 546K | -34.61M | -36.36M | -33.93M |
Total non-current assets | 994K | 888K | 988K | 651K | 656K | 661K | 688K | 706K | 1.23M | 1.35M |
Total assets | 10.74M | 18.86M | 26.11M | 3.40M | 6.36M | 3.22M | 5.08M | 1.71M | 5.28M | 11.83M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | -227K | 0 | 0 | 0 | 706K | 963K | 0 | 0 | 0 |
Short term debt | 222K | 124K | 124K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total current liabilities | 1.94M | 351K | 1.24M | 115K | 470K | 386K | 52K | 217K | 1.06M | 1.26M |
| Non-current liabilities: | ||||||||||
Long term debt | 92K | 168K | 253K | 0 | 0 | 514K | 0 | 0 | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 274K | 1.41M | 1.17M | 1.06M | 732K | 677K | 1.34M | 805K | 205K | 202K |
Total non-current liabilities | 366K | 1.58M | 1.43M | 1.06M | 732K | 1.76M | 2.31M | 805K | 205K | 202K |
Total liabilities | 2.30M | 1.93M | 2.67M | 1.18M | 1.20M | 2.15M | 2.36M | 1.02M | 1.26M | 1.46M |
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