Silver Historical Balance Sheet
| ELEF Stock | CAD 0.45 0.01 2.27% |
Trend analysis of Silver Elephant Mining balance sheet accounts such as Total Current Liabilities of 11.4 M or Total Stockholder Equity of 23.1 M provides information on Silver Elephant's total assets, liabilities, and equity, which is the actual value of Silver Elephant Mining to its prevalent stockholders. By breaking down trends over time using Silver Elephant 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 Silver Elephant Mining 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 Silver Elephant Mining is a good buy for the upcoming year.
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About Silver Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Silver Elephant Mining at a specified time, usually calculated after every quarter, six months, or one year. Silver Elephant Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Silver Elephant 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 Silver currently owns. An asset can also be divided into two categories, current and non-current.
Silver Elephant Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Silver Elephant 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 Silver Elephant Mining 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 Silver Elephant balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Silver Elephant Mining 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Silver Elephant Mining balance sheet. This account contains Silver Elephant investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Silver Elephant Mining fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most accounts from Silver Elephant's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Silver Elephant Mining 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Silver Elephant Mining. 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, Silver Elephant's Non Currrent Assets Other are very stable compared to the past year. As of the 2nd of December 2024, Cash And Short Term Investments is likely to grow to about 3.8 M, while Total Assets are likely to drop about 32 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 6.8M | 44K | 6.9M | 7.2M | Total Assets | 62.0M | 88.1M | 50.7M | 32.0M |
Silver Elephant balance sheet Correlations
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Silver Elephant Account Relationship Matchups
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Silver Elephant balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 27.4M | 39.8M | 62.0M | 88.1M | 50.7M | 32.0M | |
| Other Current Liab | 2.4M | 41.2K | 6.8M | 44K | 6.9M | 7.2M | |
| Total Current Liabilities | 2.5M | 1.8M | 9.3M | 3.8M | 10.9M | 11.4M | |
| Total Stockholder Equity | 24.7M | 37.4M | 49.2M | 30.1M | 21.9M | 23.1M | |
| Property Plant And Equipment Net | 24.0M | 32.0M | 21.2M | 86.4M | 4.3M | 4.1M | |
| Net Debt | (3.0M) | (7.6M) | (579.5K) | 3.0M | 1.8M | 1.9M | |
| Retained Earnings | (180.5M) | (185.1M) | (191.9M) | (198.9M) | (226.9M) | (215.6M) | |
| Accounts Payable | 2.4M | 1.7M | 2.5M | 3.4M | 3.9M | 4.1M | |
| Cash | 3.0M | 7.6M | 579.5K | 1.0M | 2.2M | 3.2M | |
| Non Current Assets Total | 24.0M | 32.0M | 21.2M | 86.5M | 48.2M | 25.8M | |
| Cash And Short Term Investments | 3.0M | 7.6M | 579.5K | 1.0M | 2.2M | 3.8M | |
| Net Receivables | 246.7K | 75.8K | 79.0K | 225.3K | 82.6K | 78.5K | |
| Common Stock Shares Outstanding | 10.2M | 13.8M | 2.1M | 26.5M | 32.6M | 34.2M | |
| Liabilities And Stockholders Equity | 27.4M | 39.8M | 62.0M | 88.1M | 50.7M | 32.0M | |
| Other Current Assets | 135.8K | 114.7K | 40.2M | 373.8K | 284.7K | 270.5K | |
| Other Stockholder Equity | 24.1M | 24.9M | 26.3M | 463.7K | 533.3K | 506.6K | |
| Total Liab | 2.7M | 2.5M | 11.4M | 9.6M | 15.4M | 16.2M | |
| Property Plant And Equipment Gross | 24.0M | 32.0M | 21.7M | 87.1M | 100.2M | 105.2M | |
| Total Current Assets | 3.4M | 7.8M | 40.8M | 1.6M | 2.6M | 2.4M | |
| Accumulated Other Comprehensive Income | 24.1M | 24.9M | 26.3M | 12.1M | 29.3M | 30.7M | |
| Short Term Debt | 0.0 | 32.3K | 20.5K | 340.3K | 4.0M | 4.2M | |
| Non Current Liabilities Total | 287.3K | 695.3K | 2.0M | 5.8M | 4.5M | 4.4M | |
| Common Stock | 181.1M | 197.6M | 214.8M | 217.0M | 219.6M | 168.0M | |
| Other Liab | 266.8K | 695.3K | 2.0M | 2.0M | 1.8M | 3.3M | |
| Net Tangible Assets | 24.7M | 37.4M | 49.2M | 28.4M | 32.6M | 25.8M | |
| Property Plant Equipment | 24.0M | 32.0M | 21.2M | 70.1M | 80.6M | 84.6M | |
| Net Invested Capital | 24.7M | 37.4M | 49.2M | 34.2M | 39.3M | 28.1M | |
| Net Working Capital | 947.5K | 6.0M | 31.5M | (2.2M) | (2.5M) | (2.4M) | |
| Capital Stock | 181.1M | 197.6M | 214.8M | 217.0M | 249.5M | 216.5M |
Pair Trading with Silver Elephant
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 Silver Elephant 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 Silver Elephant will appreciate offsetting losses from the drop in the long position's value.Moving together with Silver Stock
Moving against Silver Stock
The ability to find closely correlated positions to Silver Elephant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Silver Elephant 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 Silver Elephant - 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 Silver Elephant Mining to buy it.
The correlation of Silver Elephant 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 Silver Elephant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silver Elephant Mining 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 Silver Elephant 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 Silver Stock
Balance Sheet is a snapshot of the financial position of Silver Elephant Mining at a specified time, usually calculated after every quarter, six months, or one year. Silver Elephant Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Silver Elephant 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 Silver currently owns. An asset can also be divided into two categories, current and non-current.