Torchlight Energy Balance Sheet - Quarterly (NASDAQ:TRCH)

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$1.13 $0.03 (2.59%) TRCH stock closing price Jul 18, 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 $17.02M and shareholders equity of $14.92M. 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 - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash1.16M1.05M-1.46M-1.76M---1.02M
Marketable Securities----------
Receivables----------
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets-1.37M-1.81M--1M---
Total Current Assets
1.93M3.16M1.05M3.89M1.07M2.99M1.87M1.13M1.41M2M
Property Plant & Equipment-31.12M26.7M-19.21M14.84M12.51M12.26M13.88M11.07M
Accumulated Depreciation-5.54M5.52M-5.47M5.45M2.96M2.95M4.63M4.01M
Net Property Plant & Equipment
29.99M25.57M21.18M15.6M13.73M9.39M9.55M9.31M9.25M7.05M
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges----------
Intangibles----------
Deposits & Other Assets----------
Total Assets
31.95M28.76M22.26M19.53M14.84M12.43M11.48M10.53M10.76M9.18M
Notes Payable----------
Accounts Payable--3.53M----2.19M2.69M1.34M
Current Portion Long-Term Debt----3.52M3.47M3.43M3.38M--
Current Portion Capital Leases----------
Accrued Expenses1.09M---------
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
2.29M2.27M4.85M1.52M5.16M5.28M5.63M6.65M4.36M2.48M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt14.72M10.51M7.18M7.09M----3.33M3.29M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Total Liabilities
17.02M12.8M12.04M8.62M5.16M5.29M5.63M6.65M7.73M5.8M
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus100.13M99.4M95.87M95.54M93.26M89.67M66.54M63.97M62.83M61.92M
Retained Earnings-85.28M-83.5M-85.71M-84.69M-83.64M-82.58M-81.56M-80.68M-76.51M-74.9M
Treasury Stock----------
Other Liabilities------20.81M20.54M16.67M16.33M
Shareholders Equity14.92M15.95M10.21M10.91M9.67M7.14M5.85M3.88M3.03M3.38M
Total Liabilities & Shareholders Equity31.95M28.76M22.26M19.53M14.84M12.43M11.48M10.53M10.76M9.18M
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 $31.95M.
  • 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 $17.02M.

Torchlight Energy Balance Sheet - Key Ratios

Current ratio
0.84
Debt to equity ratio
0.99
Asset turnover ratio
0.06
Receivables turnover
1.59
Price to book ratio
5.69