Torchlight Energy 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 Torchlight Energy Resources's balance sheet done over the years? Its assets were worth $32,396,904 last year, which is more than in the previous period. 61% of Torchlight Energy Resources’s total assets is currently financed by debt. Its liabilities reached the amount of $19,753,486, which means an increase by 2052% compared compared to last year.
Debt to Assets
| 2010 | 1841233 | 476.7K | 25.89% |
|---|---|---|---|
| 2011 | 4181034 | 917.87K | 21.95% |
| 2020 | 32396904 | 19.75M | 60.97% |
TRCH Balance Sheet (2010 – 2020)
| 2020 | 2011 | 2010 | |
|---|---|---|---|
Assets | |||
Current assets: | |||
Cash and cash equivalents | 131.32K | 518.28K | 278.19K |
Short term investments | 0 | 0 | 0 |
Net receivables | 137.80K | 17.27K | 0 |
Inventory | 0 | 0 | 0 |
Other current assets | 252.44K | 0 | 0 |
Total current assets | 521.57K | 551.82K | 279.19K |
Non-current assets: | |||
Property, Plant and Equipment | 0 | 3.18M | 1.11M |
Goodwill | 0 | 447.08K | 447.08K |
Intangible assets | 0 | 0 | 0 |
Long term investments | 0 | 0 | 0 |
Other non-current assets | 31.87M | 0 | 0 |
Total non-current assets | 31.87M | 3.62M | 1.56M |
Total assets | 32.39M | 4.18M | 1.84M |
Liabilities | |||
| Current liabilities: | |||
Accounts payable | |||
Deferred revenue | 0 | 0 | 0 |
Short term debt | 0 | 588.14K | 184.75K |
Total current liabilities | 2.89M | 906.50K | 476.7K |
| Non-current liabilities: | |||
Long term debt | 0 | 0 | 0 |
Deferred tax | 0 | 0 | 0 |
Other non-current liabilities | 16.85M | 0 | 0 |
Total non-current liabilities | 16.85M | 11.36K | 0 |
Total liabilities | 19.75M | 917.87K | 476.7K |
| Data source | Data source | Data source |