Almaden Historical Balance Sheet
| AMM Stock | CAD 0.06 0.01 8.33% |
Trend analysis of Almaden Minerals balance sheet accounts such as Other Current Liab of 107.2 K, Total Current Liabilities of 695.9 K or Total Stockholder Equity of 6.7 M provides information on Almaden Minerals' total assets, liabilities, and equity, which is the actual value of Almaden Minerals to its prevalent stockholders. By breaking down trends over time using Almaden Minerals 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.
Financial Statement Analysis is much more than just reviewing and examining Almaden Minerals 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 Almaden Minerals is a good buy for the upcoming year.
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About Almaden Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Almaden Minerals at a specified time, usually calculated after every quarter, six months, or one year. Almaden Minerals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Almaden Minerals 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 Almaden currently owns. An asset can also be divided into two categories, current and non-current.
Almaden Minerals Balance Sheet Chart
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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.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Accounts Payable
An accounting item on the balance sheet that represents Almaden Minerals obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Almaden Minerals are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Liabilities And Stockholders Equity
The total of all liabilities and equity in the company, which should equal the company's total assets according to the accounting equation.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most accounts from Almaden Minerals' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Almaden Minerals 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 Almaden Minerals. 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. At this time, Almaden Minerals' Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 30th of November 2024, Intangible Assets is likely to grow to 5,030, while Total Assets are likely to drop about 12.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Stockholder Equity | 80.2M | 69.8M | 7.0M | 6.7M | Total Current Liabilities | 590.7K | 428.8K | 951.7K | 695.9K |
Almaden Minerals balance sheet Correlations
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Almaden Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Almaden Minerals balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 74.1M | 76.4M | 87.2M | 78.1M | 12.7M | 12.1M | |
| Other Current Liab | 778.8K | 447.6K | 508.1K | 104.3K | 112.9K | 107.2K | |
| Total Current Liabilities | 900.8K | 582.5K | 590.7K | 428.8K | 951.7K | 695.9K | |
| Total Stockholder Equity | 68.6M | 71.2M | 80.2M | 69.8M | 7.0M | 6.7M | |
| Property Plant And Equipment Net | 71.4M | 72.8M | 76.0M | 70.2M | 6.9M | 6.6M | |
| Net Debt | 1.9M | 478.8K | (6.4M) | (2.3M) | 3.1M | 3.2M | |
| Retained Earnings | (76.1M) | (79.3M) | (81.9M) | (93.8M) | (157.4M) | (149.5M) | |
| Accounts Payable | 778.8K | 447.6K | 508.1K | 236.2K | 738.3K | 520.1K | |
| Cash | 912.2K | 2.5M | 10.2M | 6.7M | 1.7M | 1.6M | |
| Non Current Assets Total | 71.4M | 72.8M | 76.0M | 70.2M | 6.9M | 6.6M | |
| Non Currrent Assets Other | 71.4M | 58.6M | (9.78) | (6.84) | (4.8K) | (4.5K) | |
| Cash And Short Term Investments | 912.2K | 2.5M | 10.2M | 6.7M | 4.2M | 8.0M | |
| Net Receivables | 100.2K | 123.0K | 92.0K | 198.9K | 389.9K | 266.1K | |
| Common Stock Shares Outstanding | 111.7M | 117.3M | 133.8M | 137.2M | 157.8M | 165.7M | |
| Short Term Investments | 0.0 | 1.3M | 8.0M | 5.1M | 2.6M | 3.3M | |
| Liabilities And Stockholders Equity | 74.1M | 76.4M | 87.2M | 78.1M | 12.7M | 12.1M | |
| Other Stockholder Equity | 17.7M | 19.2M | 21.1M | 22.5M | 20.3M | 22.4M | |
| Total Liab | 5.5M | 5.3M | 7.0M | 8.2M | 5.7M | 6.0M | |
| Property Plant And Equipment Gross | 71.4M | 72.8M | 76.9M | 71.0M | 7.8M | 7.4M | |
| Total Current Assets | 2.6M | 3.7M | 11.2M | 7.9M | 5.8M | 5.5M | |
| Accumulated Other Comprehensive Income | 17.7M | 19.2M | 21.1M | 22.5M | 23.4M | 24.5M | |
| Short Term Debt | 121.9K | 135.0K | 82.7K | 88.3K | 100.5K | 95.5K | |
| Non Current Liabilities Total | 4.6M | 4.7M | 6.5M | 7.8M | 4.8M | 2.8M | |
| Other Current Assets | 1.6M | 955.8K | 979.6K | 1.0M | 1.1M | 842.2K | |
| Intangible Assets | 17.6K | 13.48 | 9.78 | 6.84 | 4.8K | 5.0K | |
| Net Tangible Assets | 68.6M | 71.2M | 80.2M | 69.8M | 80.3M | 65.4M | |
| Property Plant Equipment | 71.4M | 72.8M | 76.0M | 70.2M | 80.7M | 57.8M | |
| Other Liab | 1.9M | 1.8M | 2.8M | 3.5M | 4.0M | 2.1M | |
| Long Term Debt Total | 2.7M | 2.9M | 3.7M | 4.3M | 5.0M | 5.2M | |
| Net Invested Capital | 71.1M | 74.0M | 83.4M | 73.7M | 11.4M | 10.8M | |
| Net Working Capital | 1.7M | 3.1M | 10.7M | 7.5M | 4.8M | 5.5M |
Pair Trading with Almaden Minerals
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 Almaden Minerals 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 Almaden Minerals will appreciate offsetting losses from the drop in the long position's value.Moving against Almaden Stock
The ability to find closely correlated positions to Almaden Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Almaden Minerals 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 Almaden Minerals - 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 Almaden Minerals to buy it.
The correlation of Almaden Minerals 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 Almaden Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Almaden Minerals 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 Almaden Minerals 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.Other Information on Investing in Almaden Stock
Balance Sheet is a snapshot of the financial position of Almaden Minerals at a specified time, usually calculated after every quarter, six months, or one year. Almaden Minerals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Almaden Minerals 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 Almaden currently owns. An asset can also be divided into two categories, current and non-current.