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LRDC (Laredo Oil) Total Equity : $-11.23 Mil (As of Aug. 2024)


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What is Laredo Oil Total Equity?

Laredo Oil's total equity for the quarter that ended in Aug. 2024 was $-11.23 Mil.

This is Residual interest, including minority interest, that remains in the assets of the enterprise after deducting its liabilities. Equity is increased by owners’ investments and by comprehensive income, and it is reduced by distributions to the owners.

Laredo Oil Total Equity Historical Data

The historical data trend for Laredo Oil's Total Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Laredo Oil Total Equity Chart

Laredo Oil Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Total Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.87 -2.24 -2.80 -9.79 -11.19

Laredo Oil Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Total Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.48 -5.76 -5.90 -11.19 -11.23

Laredo Oil Total Equity Calculation

Total Equity and Total Liabilities are the two components for Total Assets.

Laredo Oil's Total Equity for the fiscal year that ended in May. 2024 is calculated as

Total Equity=Total Assets(Q: May. 2024 )-Total Liabilities(Q: May. 2024 )
=2.805-13.991
=-11.19

Laredo Oil's Total Equity for the quarter that ended in Aug. 2024 is calculated as

Total Equity=Total Assets(Q: Aug. 2024 )-Total Liabilities(Q: Aug. 2024 )
=4.674-15.904
=-11.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Laredo Oil Total Equity Related Terms

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Laredo Oil Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Laredo Oil Inc (OTCPK:LRDC) » Definitions » Total Equity
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Traded in Other Exchanges
N/A
Address
2021 Guadalupe Street, Suite 260, Austin, TX, USA, 78705
Website
https://www.laredo-oil.com
Laredo Oil Inc is an oil exploration and production company primarily engaged in acquisition and exploration efforts for mineral properties. In addition to pursuing conventional oil recovery methods in selected oil fields, Laredo Oil plans to locate and acquire mature oil fields, with the intention of recovering stranded oil using enhanced recovery methods.