Torchlight Energy Balance Sheet - Annual (NASDAQ:TRCH)

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$1.17 $0.01 (0.85%) TRCH stock closing price Aug 14, 2018 (Closing)

A thorough fundamental analysis involves using data from Torchlight Energy balance sheet, apart from other financial statements, to value the business. Balance sheet items like cash at hand, total assets and liabilities helps one analyze a company and summarize the financial performance of the company like we have in our Torchlight Energy stock analysis. Annual results are typically accompanied with the company releasing financial statements. Apart from analyzing Torchlight Energy revenue Torchlight Energy operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Torchlight Energy balance sheet for 2017 shows cash on hand of $1.05M. The company has a debt to equity ratio of 0.72.

View latest 10 year balance sheet data to check Torchlight Energy financial performance.
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Fiscal year is Jan - Dec20172016201520142013201220112010
Marketable Securities--------
Raw Materials--------
Work In Progress--------
Finished Goods--------
Notes Receivable--------
Other Current Assets1.37M-------
Total Current Assets
Property Plant & Equipment31.12M14.84M11.07M38.42M14.24M4.01M--
Accumulated Depreciation5.54M5.45M4.01M3.93M1.2M---
Net Property Plant & Equipment
Investment & Advances--------
Other Non-Current Assets--------
Deferred Charges--------
Deposits & Other Assets--------
Total Assets
Notes Payable--------
Accounts Payable--1.34M4.18M1.65M---
Current Portion Long-Term Debt-3.47M-7.41M----
Current Portion Capital Leases--------
Accrued Expenses--------
Income Taxes Payable--------
Other Current Liabilities--------
Total Current Liabilities
Deferred Taxes/Income--------
Convertible Debt--------
Long-Term Debt10.51M-3.29M3.94M4.8M---
Non-Current Capital Leases--------
Other Long-Term Liabilities--------
Total Liabilities
Minority Interest--------
Preferred Stock--------
Common Stock Net--------
Capital Surplus99.4M89.67M61.92M43.1M21.97M8.38M5.87M2M
Retained Earnings-83.5M-82.58M-74.9M-31.65M-15.84M-5.42M-2.61M-0.64M
Treasury Stock--------
Other Liabilities--16.33M7.63M3.04M---
Shareholders Equity15.95M7.14M3.38M19.11M9.19M2.97M3.26M1.36M
Total Liabilities & Shareholders Equity28.76M12.43M9.18M36.15M16.74M4.54M4.18M1.84M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Torchlight Energy historical stock prices and the current Torchlight Energy stock price can tell you how the stock price has moved, whereas the Torchlight Energy PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: Anything that the Torchlight Energy company owns and is a part of its books. Assets can be of three types: fixed, current and other assets which includes intangibles, advances. Internet companies typically don't have a lot of assets as there is not much investment in say machinery, equipment etc. Torchlight Energy had total assets of $28.76M.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Torchlight Energy is $12.8M. Shareholders' equity comes under liabilities as it is money the company owes the holders of TRCH stock.

Torchlight Energy Balance Sheet - Key Ratios

Current ratio
Debt to equity ratio
Asset turnover ratio
Receivables turnover
Price to book ratio