Torq Resources
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Torq Resources's balance sheet done over the years? Its assets were worth $4,206,047 last year, which is less than in the previous period. 75% of Torq Resources’s total assets is currently financed by debt. Its liabilities reached the amount of $3,168,119, which means an decrease by -12% compared compared to last year.
Debt to Assets
| 2014 | 687456 | 641.54K | 93.32% |
|---|---|---|---|
| 2015 | 223518 | 637.96K | 285.42% |
| 2016 | 6792568 | 852.14K | 12.55% |
| 2017 | 18022273 | 352.76K | 1.96% |
| 2018 | 12669876 | 297.54K | 2.35% |
| 2019 | 11050736 | 219.25K | 1.98% |
| 2020 | 9094848 | 202.91K | 2.23% |
| 2021 | 3985483 | 676.53K | 16.98% |
| 2022 | 15605744 | 3.60M | 23.1% |
| 2023 | 4206047 | 3.16M | 75.32% |
TORQ.V Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 487.97K | 12.47M | 1.89M | 8.74M | 10.83M | 12.43M | 15.44M | 5.86M | 215.52K | 349.44K |
Short term investments | 0 | 0 | 0 | 0 | 28.75K | 28.75K | 0 | 0 | 0 | 0 |
Net receivables | 37.13K | 65.89K | 150.25K | 42.95K | 24.93K | 18.12K | 328.72K | 31.93K | 1.09K | 5.80K |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 239.6K | 0 | 0 |
Other current assets | 559.03K | 466.09K | 664.43K | 303.82K | 187.78K | 213.77K | 82.73K | 51.76K | 6.9K | 6.87K |
Total current assets | 1.08M | 13.00M | 2.71M | 9.09M | 11.05M | 12.66M | 15.85M | 6.18M | 223.51K | 362.12K |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 2.99M | 2.47M | 1.27M | 0 | 0 | 0 | 2.16M | 605.23K | 0 | 325.33K |
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 | 121.99K | 127.02K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total non-current assets | 3.12M | 2.60M | 1.27M | 0 | 0 | 0 | 2.16M | 605.23K | 0 | 325.33K |
Total assets | 4.20M | 15.60M | 3.98M | 9.09M | 11.05M | 12.66M | 18.02M | 6.79M | 223.51K | 687.45K |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Short term debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 609.38K | 0 |
Total current liabilities | 1.19M | 1.63M | 676.53K | 202.91K | 219.25K | 229.33K | 201.71K | 633.67K | 637.96K | 641.54K |
| Non-current liabilities: | ||||||||||
Long term debt | 1.96M | 1.96M | 0 | 0 | 0 | 0 | 0 | 218.47K | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 0 | 0 | 0 | 68.21K | 151.04K | 0 | 0 | 0 |
Total non-current liabilities | 1.96M | 1.96M | 0 | 0 | 0 | 68.21K | 151.04K | 218.47K | 0 | 0 |
Total liabilities | 3.16M | 3.60M | 676.53K | 202.91K | 219.25K | 297.54K | 352.76K | 852.14K | 637.96K | 641.54K |