Trio Petroleum Corp.
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Trio Petroleum Corp.'s balance sheet done over the years? Its assets were worth $11,643,083 last year, which is more than in the previous period. 16% of Trio Petroleum Corp.’s total assets is currently financed by debt. Its liabilities reached the amount of $1,899,699, which means an decrease by -72% compared compared to last year.
Debt to Assets
| 2021 | 7774049 | 3.72M | 47.9% |
|---|---|---|---|
| 2022 | 9488761 | 6.76M | 71.3% |
| 2023 | 11643083 | 1.89M | 16.32% |
TPET Balance Sheet (2021 – 2023)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
Assets | |||
Current assets: | |||
Cash and cash equivalents | 1.56M | 73.64K | 78.87K |
Short term investments | 0 | 0 | 0 |
Net receivables | 0 | 35K | 21.15K |
Inventory | 0 | 0 | 0 |
Other current assets | 133.41K | 0 | 0 |
Total current assets | 1.69M | 1.75M | 290.32K |
Non-current assets: | |||
Property, Plant and Equipment | 9.94M | 5.83M | 7.48M |
Goodwill | 0 | 0 | 0 |
Intangible assets | 0 | 0 | 0 |
Long term investments | 0 | 0 | 0 |
Other non-current assets | 0 | 1.9M | 0 |
Total non-current assets | 9.94M | 7.73M | 7.48M |
Total assets | 11.64M | 9.48M | 7.77M |
Liabilities | |||
| Current liabilities: | |||
Accounts payable | |||
Deferred revenue | 0 | -1.16M | 0 |
Short term debt | 1.21M | 5.42M | 3.66M |
Total current liabilities | 1.85M | 6.71M | 3.68M |
| Non-current liabilities: | |||
Long term debt | 0 | 0 | 0 |
Deferred tax | 0 | 0 | 0 |
Other non-current liabilities | 48.31K | 45.53K | 0 |
Total non-current liabilities | 48.31K | 54.98K | 42.75K |
Total liabilities | 1.89M | 6.76M | 3.72M |
| Data source |