Sprott Historical Balance Sheet
| CEF Stock | CAD 37.89 0.04 0.11% |
Trend analysis of Sprott Physical Gold balance sheet accounts such as Total Assets of 3.3 B, Total Current Liabilities of 2.2 M or Total Stockholder Equity of 3.3 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.
Financial Statement Analysis is much more than just reviewing and examining Sprott Physical Gold 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 Sprott Physical Gold is a good buy for the upcoming 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
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Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Assets
Total assets refers to the total amount of Sprott Physical 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 Sprott Physical Gold 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 Sprott Physical balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Sprott Physical Gold 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.Accounts Payable
An accounting item on the balance sheet that represents Sprott Physical 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 Sprott Physical Gold 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.Short Term Investments
Short Term Investments is an item under the current assets section of Sprott Physical balance sheet. It contains any investments Sprott Physical Gold undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Sprott Physical Gold can easily liquidate in the marketplace.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 board of governors. At this time, Sprott Physical's Total Current Liabilities is very stable compared to the past year. As of the 7th of February 2025, Other Assets is likely to grow to about 5.1 B, while Common Stock Shares Outstanding is likely to drop about 219.3 M.
| 2022 | 2023 | 2024 | 2025 (projected) | Total Stockholder Equity | 4.0B | 4.2B | 4.9B | 3.3B | Total Current Liabilities | 783K | 1.8M | 1.6M | 2.2M |
Sprott Physical balance sheet Correlations
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Sprott Physical Account Relationship Matchups
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Sprott Physical balance sheet Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Common Stock Shares Outstanding | 209.4M | 220.8M | 217.7M | 214.6M | 246.8M | 219.3M | |
| Total Assets | 4.4B | 4.1B | 4.0B | 4.2B | 4.9B | 3.3B | |
| Other Current Liab | (125K) | (62K) | (783K) | (1.8M) | (1.6M) | (1.5M) | |
| Total Current Liabilities | 125K | 62K | 783K | 1.8M | 1.6M | 2.2M | |
| Total Stockholder Equity | 4.4B | 4.1B | 4.0B | 4.2B | 4.9B | 3.3B | |
| Retained Earnings | 1.2B | 914.2M | 896.0M | 1.2B | 1.4B | 1.2B | |
| Accounts Payable | 125K | 62K | 783K | 1.8M | 1.6M | 1.4M | |
| Non Current Assets Total | 4.4B | 4.1B | 4.0B | 4.2B | 4.9B | 3.5B | |
| Non Currrent Assets Other | (4.4B) | (4.1B) | (4.0B) | (8.5B) | (7.6B) | (7.2B) | |
| Liabilities And Stockholders Equity | 4.4B | 4.1B | 4.0B | 4.2B | 4.9B | 3.3B | |
| Non Current Liabilities Total | 125K | 62K | 783K | 1.8M | 1.6M | 898.7K | |
| Other Current Assets | 4.4B | 4.1B | 4.0B | (4.2B) | (4.9B) | (4.6B) | |
| Other Stockholder Equity | (3.1M) | (3.1M) | (3.2M) | (3.2M) | (2.9M) | (3.0M) | |
| Total Liab | 125K | 62K | 1.2M | 1.8M | 2.1M | 2.0M | |
| Total Current Assets | 1.4M | 679K | 3.4M | 6.9M | 6.2M | 5.9M | |
| Common Stock | 3.2B | 3.2B | 3.1B | 3.1B | 3.5B | 2.4B | |
| Net Debt | (1.4M) | (679K) | (3.4M) | (6.9M) | (7.9M) | (8.3M) | |
| Cash | 1.4M | 679K | 3.4M | 6.9M | 6.2M | 5.9M | |
| Cash And Short Term Investments | 1.4M | 679K | 3.4M | 4.2B | 4.9B | 5.1B | |
| Short Term Investments | 4.4B | 4.1B | 4.0B | 4.2B | 4.9B | 2.8B | |
| Accumulated Other Comprehensive Income | (3.1M) | (3.1M) | (3.2M) | (3.2M) | (2.9M) | (2.7M) | |
| Net Tangible Assets | 3.0B | 4.4B | 4.1B | 4.0B | 4.6B | 3.9B | |
| Long Term Investments | 4.4B | 4.1B | 4.0B | 4.2B | 4.9B | 4.0B | |
| Capital Stock | 3.2B | 3.2B | 3.1B | 3.1B | 3.5B | 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
Moving against 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.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 board of governors. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.