Sprott Historical Balance Sheet
| CEF-U Stock | USD 24.42 0.10 0.41% |
Trend analysis of Sprott Physical Gold balance sheet accounts such as Total Current Liabilities of 53 K, Total Stockholder Equity of 4.1 B or Net Tangible Assets of 3.9 B provides information on Sprott Physical's total assets, liabilities, and equity, which is the actual value of Sprott Physical Gold to its prevalent stockholders. By breaking down trends over time using Sprott Physical 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.
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About Sprott Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Sprott Physical Gold at a specified time, usually calculated after every quarter, six months, or one year. Sprott Physical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sprott Physical 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 Sprott currently owns. An asset can also be divided into two categories, current and non-current.
Sprott Physical Balance Sheet Chart
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 Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.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.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most accounts from Sprott Physical's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Sprott Physical Gold 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 Sprott Physical Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At this time, Sprott Physical's Cash is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 234.4 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 4.1 B in 2024.
| 2021 | 2023 | 2024 (projected) | Total Current Liabilities | 62K | 55.8K | 53.0K | Total Assets | 4.1B | 4.2B | 4.1B |
Sprott Physical balance sheet Correlations
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Sprott Physical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sprott Physical balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 4.1B | |
| Total Stockholder Equity | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 4.1B | |
| Retained Earnings | 226.6M | 1.2B | 914.2M | 896.0M | 1.2B | 777.2M | |
| Accounts Payable | 1.2M | 125K | 62K | 783K | 1.8M | 996.7K | |
| Cash | 1.3M | 1.4M | 679K | 3.4M | 6.9M | 7.2M | |
| Common Stock Shares Outstanding | 194.8M | 221.7M | 220.7M | 214.9M | 211.1M | 234.4M | |
| Total Liab | 1.2M | 125K | 62K | 1.2M | 1.8M | 1.1M | |
| Long Term Investments | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 4.1B | |
| Capital Stock | 2.7B | 3.2B | 3.2B | 3.1B | 3.1B | 3.4B |
Pair Trading with Sprott Physical
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 Sprott Physical 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 Sprott Physical will appreciate offsetting losses from the drop in the long position's value.Moving together with Sprott Stock
The ability to find closely correlated positions to Sprott Physical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sprott Physical 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 Sprott Physical - 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 Sprott Physical Gold to buy it.
The correlation of Sprott Physical 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 Sprott Physical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Physical Gold 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 Sprott Physical 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 Sprott Stock Analysis
When running Sprott Physical's price analysis, check to measure Sprott Physical'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 Sprott Physical is operating at the current time. Most of Sprott Physical's value examination focuses on studying past and present price action to predict the probability of Sprott Physical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sprott Physical's price. Additionally, you may evaluate how the addition of Sprott Physical to your portfolios can decrease your overall portfolio volatility.