Torchlight Energy Balance Sheet - Quarterly (NASDAQ:TRCH)

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$1.15 $0.18 (13.53%) TRCH stock closing price Apr 19, 2018 (Closing)

The financial analysis of a company like Torchlight Energy involves checking the three financial statements of the company in detail, of which the balance sheet is one. Financial strength can be guaged by performing Torchlight Energy stock analysis and by analyzing the balance sheet. Quarterly results are typically accompanied with the company releasing financial statements. The balance sheet shows total liabilities of $12.8M and shareholders equity of $15.95M. Torchlight Energy revenue and Torchlight Energy operating cash flow are important in understanding the financial capacity of the company.

View and download Torchlight Energy quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q3
Cash1.05M-1.46M-1.76M---1.02M1.89M
Marketable Securities----------
Receivables----------
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets1.37M-1.81M--1M----
Total Current Assets
3.16M1.05M3.89M1.07M2.99M1.87M1.13M1.41M2M2.79M
Property Plant & Equipment31.12M26.7M-19.21M14.84M12.51M12.26M13.88M11.07M19.04M
Accumulated Depreciation5.54M5.52M-5.47M5.45M2.96M2.95M4.63M4.01M4.82M
Net Property Plant & Equipment
25.57M21.18M15.6M13.73M9.39M9.55M9.31M9.25M7.05M14.22M
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges----------
Intangibles----------
Deposits & Other Assets----------
Total Assets
28.76M22.26M19.53M14.84M12.43M11.48M10.53M10.76M9.18M17.2M
Notes Payable----------
Accounts Payable-3.53M----2.19M2.69M1.34M4.54M
Current Portion Long-Term Debt---3.52M3.47M3.43M3.38M---
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
2.27M4.85M1.52M5.16M5.28M5.63M6.65M4.36M2.48M5.93M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt10.51M7.18M7.09M----3.33M3.29M4.13M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Total Liabilities
12.8M12.04M8.62M5.16M5.29M5.63M6.65M7.73M5.8M10.1M
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus99.4M95.87M95.54M93.26M89.67M66.54M63.97M62.83M61.92M60.45M
Retained Earnings-83.5M-85.71M-84.69M-83.64M-82.58M-81.56M-80.68M-76.51M-74.9M-68.1M
Treasury Stock----------
Other Liabilities-----20.81M20.54M16.67M16.33M14.71M
Shareholders Equity15.95M10.21M10.91M9.67M7.14M5.85M3.88M3.03M3.38M7.09M
Total Liabilities & Shareholders Equity28.76M22.26M19.53M14.84M12.43M11.48M10.53M10.76M9.18M17.2M
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: This item on the balance sheet implies the firm's, in this case Torchlight Energy's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for TRCH stock stand at $12.8M.

Torchlight Energy Balance Sheet - Key Ratios

Current ratio
1.39
Debt to equity ratio
0.66
Asset turnover ratio
0.09
Receivables turnover
0.92
Price to book ratio
6.43