Algoma Historical Balance Sheet

ALC Stock

CAD 15.07 0.10 0.66%

Trend analysis of Algoma Central balance sheet accounts such as Other Current Liab of 20.5 M, Total Current Liabilities of 103.8 M or Total Stockholder Equity of 484 M provides information on Algoma Central's total assets, liabilities, and equity, which is the actual value of Algoma Central to its prevalent stockholders. By breaking down trends over time using Algoma Central balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

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Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Algoma Central latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Algoma Central is a good buy for the upcoming year.

Algoma Central Inventory

9.9 Million

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Central. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Algoma Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Algoma Central at a specified time, usually calculated after every quarter, six months, or one year. Algoma Central Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Algoma Central and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Algoma currently owns. An asset can also be divided into two categories, current and non-current.

Algoma Central Balance Sheet Chart

At this time, Algoma Central's Total Current Assets are very stable compared to the past year. As of the 27th of November 2024, Common Stock Total Equity is likely to grow to about 14.7 M, while Total Assets are likely to drop about 829 M.

Total Assets Total Current Liabilities Total Stockholder Equity Net Invested Capital

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Total Assets

Total assets refers to the total amount of Algoma Central assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Algoma Central books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Algoma Central balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Algoma Central are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most accounts from Algoma Central's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Algoma Central current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Central. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Other Current Liabilities	5.9M	60.4M	14.6M	20.5M
Total Assets	1.2B	1.4B	1.3B	829.0M

Other Current Liab Total Assets

Algoma Central balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Short Term Debt	Current Deferred Revenue	Common Stock Total Equity	Common Stock
Total Assets		0.27	0.69	0.94	0.95	0.59	0.96	0.79	0.13	0.95	0.01	0.13	0.43	0.3	0.92	0.62	0.05	-0.84	0.93	0.64	0.28	0.95	0.07	-0.68	-0.13	0.13
Other Current Liab	0.27		0.62	0.04	0.32	0.27	0.08	0.21	-0.01	0.31	-0.19	-0.01	-0.26	-0.07	0.4	0.07	0.04	-0.06	0.5	0.18	-0.09	0.38	-0.01	-0.25	-0.42	-0.04
Total Current Liabilities	0.69	0.62		0.51	0.82	0.76	0.57	0.62	-0.31	0.81	-0.32	-0.31	0.1	-0.12	0.63	0.43	-0.24	-0.44	0.8	0.59	-0.29	0.76	-0.02	-0.58	-0.52	0.27
Total Stockholder Equity	0.94	0.04	0.51		0.85	0.47	0.99	0.64	0.17	0.86	0.09	0.17	0.51	0.36	0.77	0.52	0.15	-0.85	0.75	0.55	0.37	0.8	0.21	-0.53	0.08	0.14
Property Plant And Equipment Net	0.95	0.32	0.82	0.85		0.76	0.89	0.81	-0.14	0.99	-0.22	-0.14	0.39	0.12	0.88	0.58	-0.13	-0.74	0.93	0.7	-0.02	0.96	0.01	-0.67	-0.32	0.17
Net Debt	0.59	0.27	0.76	0.47	0.76		0.54	0.61	-0.63	0.76	-0.57	-0.63	0.32	0.0	0.54	0.4	-0.27	-0.44	0.65	0.85	-0.45	0.66	-0.22	-0.59	-0.57	0.55
Retained Earnings	0.96	0.08	0.57	0.99	0.89	0.54		0.67	0.11	0.9	0.02	0.11	0.5	0.31	0.8	0.52	0.11	-0.85	0.8	0.58	0.3	0.85	0.17	-0.56	0.0	0.13
Accounts Payable	0.79	0.21	0.62	0.64	0.81	0.61	0.67		0.04	0.78	-0.09	0.04	0.4	0.31	0.85	0.74	-0.31	-0.68	0.85	0.7	0.11	0.83	-0.12	-0.71	-0.24	0.17
Cash	0.13	-0.01	-0.31	0.17	-0.14	-0.63	0.11	0.04		-0.16	0.86	1.0	-0.17	0.47	0.2	0.11	0.37	-0.31	0.06	-0.28	0.9	0.03	0.27	-0.14	0.57	-0.38
Non Current Assets Total	0.95	0.31	0.81	0.86	0.99	0.76	0.9	0.78	-0.16		-0.25	-0.16	0.4	0.1	0.87	0.59	-0.13	-0.7	0.92	0.71	-0.04	0.95	0.0	-0.64	-0.36	0.2
Non Currrent Assets Other	0.01	-0.19	-0.32	0.09	-0.22	-0.57	0.02	-0.09	0.86	-0.25		0.86	-0.1	0.55	0.03	0.14	0.31	-0.3	-0.07	-0.26	0.81	-0.1	0.14	-0.13	0.69	-0.16
Cash And Short Term Investments	0.13	-0.01	-0.31	0.17	-0.14	-0.63	0.11	0.04	1.0	-0.16	0.86		-0.17	0.47	0.2	0.11	0.37	-0.31	0.06	-0.28	0.9	0.03	0.27	-0.14	0.57	-0.38
Net Receivables	0.43	-0.26	0.1	0.51	0.39	0.32	0.5	0.4	-0.17	0.4	-0.1	-0.17		0.27	0.32	0.25	-0.18	-0.51	0.28	0.17	0.15	0.27	-0.19	-0.19	0.26	0.12
Common Stock Shares Outstanding	0.3	-0.07	-0.12	0.36	0.12	0.0	0.31	0.31	0.47	0.1	0.55	0.47	0.27		0.3	0.3	0.32	-0.56	0.2	0.33	0.65	0.14	0.09	-0.27	0.57	0.33
Non Current Liabilities Total	0.92	0.4	0.63	0.77	0.88	0.54	0.8	0.85	0.2	0.87	0.03	0.2	0.32	0.3		0.67	-0.01	-0.75	0.97	0.61	0.28	0.96	-0.12	-0.75	-0.24	0.02
Inventory	0.62	0.07	0.43	0.52	0.58	0.4	0.52	0.74	0.11	0.59	0.14	0.11	0.25	0.3	0.67		-0.11	-0.49	0.65	0.64	0.18	0.64	-0.13	-0.65	-0.19	0.3
Other Current Assets	0.05	0.04	-0.24	0.15	-0.13	-0.27	0.11	-0.31	0.37	-0.13	0.31	0.37	-0.18	0.32	-0.01	-0.11		-0.16	-0.08	-0.15	0.55	-0.07	0.2	0.14	0.42	-0.08
Other Stockholder Equity	-0.84	-0.06	-0.44	-0.85	-0.74	-0.44	-0.85	-0.68	-0.31	-0.7	-0.3	-0.31	-0.51	-0.56	-0.75	-0.49	-0.16		-0.72	-0.53	-0.54	-0.71	-0.13	0.73	-0.28	-0.16
Total Liab	0.93	0.5	0.8	0.75	0.93	0.65	0.8	0.85	0.06	0.92	-0.07	0.06	0.28	0.2	0.97	0.65	-0.08	-0.72		0.66	0.14	0.98	-0.1	-0.76	-0.34	0.09
Property Plant And Equipment Gross	0.64	0.18	0.59	0.55	0.7	0.85	0.58	0.7	-0.28	0.71	-0.26	-0.28	0.17	0.33	0.61	0.64	-0.15	-0.53	0.66		-0.14	0.67	-0.1	-0.71	-0.46	0.69
Total Current Assets	0.28	-0.09	-0.29	0.37	-0.02	-0.45	0.3	0.11	0.9	-0.04	0.81	0.9	0.15	0.65	0.28	0.18	0.55	-0.54	0.14	-0.14		0.1	0.22	-0.22	0.71	-0.2
Short Long Term Debt Total	0.95	0.38	0.76	0.8	0.96	0.66	0.85	0.83	0.03	0.95	-0.1	0.03	0.27	0.14	0.96	0.64	-0.07	-0.71	0.98	0.67	0.1		-0.09	-0.74	-0.36	0.08
Short Term Debt	0.07	-0.01	-0.02	0.21	0.01	-0.22	0.17	-0.12	0.27	0.0	0.14	0.27	-0.19	0.09	-0.12	-0.13	0.2	-0.13	-0.1	-0.1	0.22	-0.09		0.19	0.3	-0.01
Current Deferred Revenue	-0.68	-0.25	-0.58	-0.53	-0.67	-0.59	-0.56	-0.71	-0.14	-0.64	-0.13	-0.14	-0.19	-0.27	-0.75	-0.65	0.14	0.73	-0.76	-0.71	-0.22	-0.74	0.19		0.25	-0.37
Common Stock Total Equity	-0.13	-0.42	-0.52	0.08	-0.32	-0.57	0.0	-0.24	0.57	-0.36	0.69	0.57	0.26	0.57	-0.24	-0.19	0.42	-0.28	-0.34	-0.46	0.71	-0.36	0.3	0.25		-0.22
Common Stock	0.13	-0.04	0.27	0.14	0.17	0.55	0.13	0.17	-0.38	0.2	-0.16	-0.38	0.12	0.33	0.02	0.3	-0.08	-0.16	0.09	0.69	-0.2	0.08	-0.01	-0.37	-0.22

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Algoma Central Account Relationship Matchups

Algoma Central balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.2B	1.2B	1.4B	1.3B	829.0M
Other Current Liab	14.3M	107.2M	5.9M	60.4M	14.6M	20.5M
Total Current Liabilities	156.8M	179.3M	84.5M	150.8M	147.2M	103.8M
Total Stockholder Equity	660.4M	560.6M	640.3M	726.0M	778.3M	484.0M
Property Plant And Equipment Net	840.0M	841.9M	819.6M	859.9M	891.7M	560.2M
Net Debt	316.4M	287.2M	283.3M	260.8M	344.5M	361.8M
Retained Earnings	674.8M	582.0M	660.2M	719.5M	769.4M	469.1M
Accounts Payable	60.7M	70.9M	77.2M	83.5M	70.3M	58.4M
Cash	18.9M	103.9M	108.9M	142.0M	32.8M	31.2M
Non Current Assets Total	1.0B	1.0B	1.0B	1.1B	1.2B	650.0M
Non Currrent Assets Other	6.6M	24.1M	20.5M	38.6M	22.2M	30.0M
Cash And Short Term Investments	18.9M	103.9M	108.9M	142.0M	32.8M	31.2M
Net Receivables	75.6M	69.7M	60.6M	69.1M	100.4M	74.3M
Common Stock Shares Outstanding	38.2M	42.0M	42.9M	42.9M	43.1M	44.7M
Liabilities And Stockholders Equity	1.1B	1.2B	1.2B	1.4B	1.3B	829.0M
Non Current Liabilities Total	330.1M	483.2M	475.3M	488.8M	418.7M	239.7M
Inventory	10.6M	8.9M	12.5M	19.1M	15.8M	9.9M
Other Current Assets	9K	6.3M	8.6M	20.2M	12.4M	13.5M
Other Stockholder Equity	3.5M	3.3M	3.3M	2.9M	2.6M	2.4M
Total Liab	487.0M	662.5M	559.8M	639.7M	565.8M	343.4M
Property Plant And Equipment Gross	840.0M	841.9M	1.3B	1.4B	1.4B	1.5B
Total Current Assets	114.4M	188.8M	190.6M	250.3M	161.4M	179.1M
Accumulated Other Comprehensive Income	(26.0M)	(32.8M)	(31.3M)	(8.1M)	(20.2M)	(21.3M)
Short Long Term Debt Total	335.2M	391.2M	392.2M	402.8M	377.4M	191.6M
Short Term Debt	80.1M	337K	282K	5.3M	60.8M	36.8M
Current Deferred Revenue	1.7M	907K	1.1M	1.7M	1.5M	1.4M
Common Stock Total Equity	19.0M	17.1M	9.3M	9.1M	10.5M	14.7M
Common Stock	8.2M	8.1M	8.1M	11.7M	29.2M	30.6M
Other Liab	75.0M	92.3M	83.4M	91.4M	105.1M	84.6M
Net Tangible Assets	649.2M	552.7M	632.4M	718.1M	825.8M	690.8M
Other Assets	38.9M	38.7M	26.9M	29.4M	1.0	0.95
Long Term Debt	254.8M	390.5M	391.5M	397.2M	316.4M	318.1M
Long Term Investments	142.8M	145.8M	155.1M	209.0M	260.9M	274.0M
Short Long Term Debt	80.1M	143K	150K	5.2M	60.7M	64.6M
Property Plant Equipment	840.0M	841.9M	819.6M	851.0M	978.7M	789.3M
Long Term Debt Total	255.1M	390.8M	391.9M	397.5M	457.1M	332.7M
Capital Surpluse	1.2M	1.0M	985K	582K	523.8K	497.6K
Net Invested Capital	995.3M	951.2M	1.0B	1.1B	1.2B	1.1B
Net Working Capital	(42.4M)	9.5M	106.1M	99.5M	14.2M	13.5M

Pair Trading with Algoma Central

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Algoma Central position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Algoma Central will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Algoma Central could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algoma Central when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Algoma Central - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Algoma Central to buy it.

The correlation of Algoma Central is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Algoma Central moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algoma Central moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Algoma Central can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Algoma Stock

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Algoma Historical Balance Sheet

Algoma Central Inventory

9.9 Million

About Algoma Balance Sheet Analysis

Algoma Central Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Net Invested Capital

Algoma Central balance sheet Correlations

Algoma Central Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Algoma Central balance sheet Accounts

Pair Trading with Algoma Central

Other Information on Investing in Algoma Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Short Long Term Debt Total	+ 0.98	Total Liab
Total Liab	+ 0.97	Non Current Liabilities Total
Retained Earnings	+ 0.96	Total Assets

Other Stockholder Equity	- 0.85	Retained Earnings
Other Stockholder Equity	- 0.85	Total Stockholder Equity
Other Stockholder Equity	- 0.84	Total Assets
Current Deferred Revenue	- 0.76	Total Liab
Current Deferred Revenue	- 0.75	Non Current Liabilities Total
Other Stockholder Equity	- 0.75	Non Current Liabilities Total