Black Historical Balance Sheet
| BKI Stock | CAD 0.09 0.01 10.00% |
Trend analysis of Black Iron balance sheet accounts such as Other Current Liab of 277.4 K, Total Current Liabilities of 886.6 K or Property Plant And Equipment Net of 1.5 K provides information on Black Iron's total assets, liabilities, and equity, which is the actual value of Black Iron to its prevalent stockholders. By breaking down trends over time using Black Iron 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 Black Iron 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 Black Iron is a good buy for the upcoming year.
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About Black Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Black Iron at a specified time, usually calculated after every quarter, six months, or one year. Black Iron Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Black Iron 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 Black currently owns. An asset can also be divided into two categories, current and non-current.
Black Iron Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Black Iron 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 Black Iron 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 Black Iron balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Black Iron 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.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most accounts from Black Iron's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Black Iron 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 Black Iron. 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, Black Iron's Other Stockholder Equity is very stable compared to the past year. As of the 27th of November 2024, Total Liabilities is likely to grow to about 1.7 M, while Total Assets are likely to drop about 1.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 908.8K | 45.3K | 283.2K | 277.4K | Total Assets | 6.4M | 2.3M | 1.2M | 1.1M |
Black Iron balance sheet Correlations
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Black Iron Account Relationship Matchups
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Black Iron balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.4M | 1.8M | 6.4M | 2.3M | 1.2M | 1.1M | |
| Other Current Liab | 34.6K | 55.6K | 908.8K | 45.3K | 283.2K | 277.4K | |
| Total Current Liabilities | 403.9K | 611.2K | 1.7M | 1.0M | 1.3M | 886.6K | |
| Total Stockholder Equity | (1.7M) | (5.7M) | 4.7M | 1.3M | (153.9K) | (146.3K) | |
| Property Plant And Equipment Net | 2.7K | 4.2K | 7.0K | 3.6K | 1.6K | 1.5K | |
| Net Debt | (816.1K) | (1.5M) | (5.7M) | (2.3M) | (1.1M) | (1.2M) | |
| Retained Earnings | (70.6M) | (79.6M) | (85.4M) | (88.6M) | (86.5M) | (90.8M) | |
| Cash | 988.8K | 1.7M | 5.7M | 2.3M | 1.1M | 1.0M | |
| Non Current Assets Total | 300.2K | 45.8K | 7.0K | 3.6K | 1.6K | 1.5K | |
| Non Currrent Assets Other | 9.8K | 2.4K | 297.5K | 41.6K | 37.5K | 35.6K | |
| Cash And Short Term Investments | 988.8K | 1.7M | 5.7M | 2.3M | 1.1M | 1.0M | |
| Net Receivables | 102.6K | 83.1K | 692.1K | 64.7K | 66.0K | 62.7K | |
| Common Stock Shares Outstanding | 179.8M | 226.0M | 282.2M | 303.8M | 304.0M | 211.5M | |
| Liabilities And Stockholders Equity | 1.4M | 1.8M | 6.4M | 2.3M | 1.2M | 1.1M | |
| Non Current Liabilities Total | 306.7K | 2.7M | 6.9M | 827.7K | 980.3K | 0.0 | |
| Other Current Assets | 102.64 | 83.08 | 692.09 | 64.71 | 66.01 | 62.71 | |
| Other Stockholder Equity | 551.8K | 1.3M | 6.0M | 6.0M | 2.3M | 2.4M | |
| Total Liab | 3.1M | 7.5M | 1.7M | 1.0M | 1.3M | 1.7M | |
| Property Plant And Equipment Gross | 2.7K | 4.2K | 7.0K | 3.6K | 1.6K | 1.5K | |
| Total Current Assets | 1.1M | 1.7M | 6.4M | 2.3M | 1.2M | 1.1M | |
| Accumulated Other Comprehensive Income | 551.81 | 1.3K | (17.7K) | (190.1K) | (187.4K) | (196.7K) | |
| Accounts Payable | 369.2K | 555.6K | 827.7K | 980.3K | 1.0M | 547.2K | |
| Common Stock | 68.3M | 72.6M | 84.1M | 84.1M | 84.2M | 79.2M | |
| Net Tangible Assets | (1.7M) | (5.7M) | 4.7M | 1.3M | 1.2M | 1.1M | |
| Property Plant Equipment | 2.7K | 4.2K | 7.0K | 3.6K | 3.2K | 3.1K | |
| Inventory | (102.64) | (83.08) | (692.09) | (64.71) | (66.01) | (69.31) | |
| Net Invested Capital | (1.6M) | (5.6M) | 4.7M | 1.3M | (153.9K) | (146.3K) | |
| Net Working Capital | 687.6K | 1.1M | 4.7M | 1.3M | (155.5K) | (147.7K) | |
| Capital Stock | 68.3M | 72.6M | 84.1M | 84.1M | 84.2M | 84.5M |
Pair Trading with Black Iron
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 Black Iron 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 Black Iron will appreciate offsetting losses from the drop in the long position's value.Moving against Black Stock
| 0.74 | ORE | Orezone Gold Corp | PairCorr |
| 0.7 | CG | Centerra Gold | PairCorr |
| 0.54 | INFM | Infinico Metals Corp | PairCorr |
| 0.5 | PNC-B | Postmedia Network Canada | PairCorr |
The ability to find closely correlated positions to Black Iron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Iron 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 Black Iron - 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 Black Iron to buy it.
The correlation of Black Iron 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 Black Iron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Iron 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 Black Iron 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 Black Stock
Balance Sheet is a snapshot of the financial position of Black Iron at a specified time, usually calculated after every quarter, six months, or one year. Black Iron Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Black Iron 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 Black currently owns. An asset can also be divided into two categories, current and non-current.