Ballard Historical Balance Sheet
BLDP Stock | USD 1.49 0.02 1.36% |
Trend analysis of Ballard Power Systems balance sheet accounts such as Short Long Term Debt Total of 10.1 M, Other Current Liabilities of 53.8 M or Total Current Liabilities of 45.9 M provides information on Ballard Power's total assets, liabilities, and equity, which is the actual value of Ballard Power Systems to its prevalent stockholders. By breaking down trends over time using Ballard Power 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 Ballard Power Systems 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 Ballard Power Systems is a good buy for the upcoming year.
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About Ballard Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Ballard Power Systems at a specified time, usually calculated after every quarter, six months, or one year. Ballard Power Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ballard Power 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 Ballard currently owns. An asset can also be divided into two categories, current and non-current.
Ballard Power Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Ballard Power 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 Ballard Power Systems 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 Ballard Power balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ballard Power Systems 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.Most accounts from Ballard Power's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Ballard Power Systems 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 Ballard Power Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. At this time, Ballard Power's Net Receivables is relatively stable compared to the past year. As of 11/30/2024, Common Stock Shares Outstanding is likely to grow to about 313.6 M, though Net Debt is likely to grow to (696.6 M).
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 17.1M | 15.7M | 17.9M | 10.1M | Total Assets | 1.4B | 1.2B | 1.1B | 1.1B |
Ballard Power balance sheet Correlations
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Ballard Power Account Relationship Matchups
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Ballard Power balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 340.3M | 975.6M | 1.4B | 1.2B | 1.1B | 1.1B | |
Short Long Term Debt Total | 19.8M | 17.9M | 17.1M | 15.7M | 17.9M | 10.1M | |
Other Current Liab | 27.0M | 29.4M | 65.3M | 40.2M | 51.3M | 53.8M | |
Total Current Liabilities | 64.5M | 52.1M | 83.2M | 73.2M | 70.6M | 45.9M | |
Total Stockholder Equity | 250.3M | 900.9M | 1.3B | 1.2B | 991.2M | 1.0B | |
Property Plant And Equipment Net | 42.8M | 49.3M | 56.1M | 82.4M | 116.3M | 122.1M | |
Current Deferred Revenue | 20.2M | 9.9M | 12.1M | 8.0M | 4.6M | 6.3M | |
Net Debt | (128.0M) | (745.6M) | (1.1B) | (898.0M) | (733.2M) | (696.6M) | |
Retained Earnings | (1.2B) | (1.3B) | (1.4B) | (1.6B) | (1.7B) | (1.7B) | |
Accounts Payable | 14.9M | 9.1M | 13.7M | 20.4M | 13.7M | 10.6M | |
Cash | 147.8M | 763.4M | 1.1B | 913.7M | 751.1M | 788.7M | |
Non Current Assets Total | 110.8M | 121.3M | 211.8M | 218.6M | 212.8M | 120.3M | |
Non Currrent Assets Other | 321K | 336K | 343K | 370K | 547K | 519.7K | |
Cash And Short Term Investments | 147.8M | 765.4M | 1.1B | 915.7M | 753.2M | 790.9M | |
Net Receivables | 49.3M | 56.8M | 39.8M | 38.6M | 58.6M | 61.5M | |
Common Stock Shares Outstanding | 232.8M | 248.5M | 295.3M | 298.1M | 298.7M | 313.6M | |
Liabilities And Stockholders Equity | 340.3M | 975.6M | 1.4B | 1.2B | 1.1B | 1.1B | |
Non Current Liabilities Total | 25.5M | 22.6M | 29.6M | 15.0M | 15.7M | 15.5M | |
Inventory | 30.1M | 28.5M | 51.5M | 58.1M | 45.9M | 48.2M | |
Other Current Assets | 2.3M | 3.6M | 11.0M | 16.1M | 7.1M | 5.0M | |
Other Stockholder Equity | 290.6M | 290.8M | 297.8M | 300.8M | 306.0M | 414.4M | |
Total Liab | 90.1M | 74.7M | 112.7M | 88.2M | 86.3M | 61.4M | |
Property Plant And Equipment Gross | 42.8M | 49.3M | 122.8M | 157.7M | 203.2M | 213.4M | |
Total Current Assets | 229.5M | 854.3M | 1.2B | 1.0B | 864.7M | 908.0M | |
Accumulated Other Comprehensive Income | 813K | 907K | 1.7M | (1.5M) | (3.0M) | (3.1M) | |
Short Term Debt | 2.4M | 2.7M | 3.2M | 3.9M | 4.5M | 3.7M | |
Other Assets | 321K | 336K | 343K | 370K | 333K | 316.4K | |
Intangible Assets | 5.7M | 3.8M | 20.8M | 5.2M | 1.4M | 1.3M | |
Other Liab | 8.2M | 7.4M | 15.7M | 3.2M | 2.8M | 2.7M | |
Net Tangible Assets | 204.3M | 856.8M | 1.2B | 1.1B | 1.3B | 1.3B | |
Common Stock Total Equity | 986.5M | 1.2B | 1.2B | 1.9B | 2.2B | 2.3B | |
Long Term Investments | 21.6M | 27.6M | 70.3M | 66.4M | 54.2M | 57.0M | |
Common Stock | 1.2B | 1.9B | 2.4B | 2.4B | 2.4B | 1.3B | |
Property Plant Equipment | 42.8M | 49.3M | 56.1M | 82.4M | 74.1M | 37.5M |
Pair Trading with Ballard Power
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 Ballard Power 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 Ballard Power will appreciate offsetting losses from the drop in the long position's value.Moving against Ballard Stock
0.87 | EPAC | Enerpac Tool Group | PairCorr |
0.86 | AME | Ametek Inc | PairCorr |
0.86 | EMR | Emerson Electric | PairCorr |
0.85 | PH | Parker Hannifin | PairCorr |
0.8 | CR | Crane Company | PairCorr |
The ability to find closely correlated positions to Ballard Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ballard Power 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 Ballard Power - 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 Ballard Power Systems to buy it.
The correlation of Ballard Power 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 Ballard Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ballard Power Systems 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 Ballard Power 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.Additional Tools for Ballard Stock Analysis
When running Ballard Power's price analysis, check to measure Ballard Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ballard Power is operating at the current time. Most of Ballard Power's value examination focuses on studying past and present price action to predict the probability of Ballard Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ballard Power's price. Additionally, you may evaluate how the addition of Ballard Power to your portfolios can decrease your overall portfolio volatility.