Geodrill Historical Balance Sheet

GEO Stock

CAD 2.84 0.05 1.73%

Trend analysis of Geodrill Limited balance sheet accounts such as Other Current Liabilities of 22.3 M or Total Current Liabilities of 19.3 M provides information on Geodrill's total assets, liabilities, and equity, which is the actual value of Geodrill Limited to its prevalent stockholders. By breaking down trends over time using Geodrill 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.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Geodrill Limited 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 Geodrill Limited is a good buy for the upcoming year.

Geodrill Inventory

19.41 Million

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Geodrill Limited. 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.

About Geodrill Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Geodrill Limited at a specified time, usually calculated after every quarter, six months, or one year. Geodrill Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Geodrill 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 Geodrill currently owns. An asset can also be divided into two categories, current and non-current.

Geodrill Balance Sheet Chart

At this time, Geodrill's Other Current Liabilities is very stable compared to the past year. As of the 28th of November 2024, Non Current Liabilities Total is likely to grow to about 4.4 M, while Total Assets are likely to drop about 93.2 M.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Accounts Payable Total Current Assets

Add Fundamental

Total Assets

Total assets refers to the total amount of Geodrill 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 Geodrill Limited 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 Geodrill balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Geodrill Limited 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.

Accounts Payable

An accounting item on the balance sheet that represents Geodrill 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 Geodrill Limited 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.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most accounts from Geodrill's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Geodrill Limited 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Geodrill Limited. 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.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	7.6M	5.8M	978.3K	929.4K
Total Assets	116.6M	141.2M	148.6M	93.2M

Short Long Term Debt Total Total Assets

Geodrill balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock Total Equity	Common Stock
Total Assets		0.0	0.74	0.96	1.0	0.91	0.74	-0.6	0.97	0.88	0.88	0.91	-0.53	0.91	0.91	0.79	0.37	0.99	0.12	-0.2	0.96	0.81	0.98	-0.4	0.81	0.89
Short Long Term Debt Total	0.0		-0.4	-0.06	-0.02	0.26	-0.15	0.7	-0.12	-0.15	-0.13	0.25	0.0	-0.09	-0.22	0.09	0.46	0.01	0.11	0.02	0.06	-0.2	-0.12	0.64	-0.46	-0.33
Other Current Liab	0.74	-0.4		0.73	0.74	0.66	0.49	-0.85	0.76	0.63	0.71	0.66	-0.55	0.72	0.67	0.59	0.24	0.72	0.08	-0.27	0.72	0.93	0.73	-0.6	0.87	0.86
Total Current Liabilities	0.96	-0.06	0.73		0.94	0.85	0.71	-0.6	0.93	0.93	0.83	0.86	-0.47	0.84	0.91	0.71	0.25	0.94	-0.03	-0.3	0.97	0.76	0.94	-0.4	0.86	0.87
Total Stockholder Equity	1.0	-0.02	0.74	0.94		0.9	0.72	-0.61	0.97	0.86	0.88	0.9	-0.51	0.91	0.9	0.8	0.32	0.99	0.12	-0.18	0.93	0.81	0.97	-0.4	0.8	0.89
Property Plant And Equipment Net	0.91	0.26	0.66	0.85	0.9		0.61	-0.39	0.84	0.69	0.74	1.0	-0.49	0.74	0.68	0.76	0.43	0.89	0.0	-0.2	0.88	0.74	0.79	-0.07	0.65	0.72
Current Deferred Revenue	0.74	-0.15	0.49	0.71	0.72	0.61		-0.46	0.75	0.68	0.62	0.61	-0.22	0.67	0.76	0.49	0.37	0.7	0.13	-0.12	0.74	0.47	0.75	-0.4	0.69	0.65
Net Debt	-0.6	0.7	-0.85	-0.6	-0.61	-0.39	-0.46		-0.64	-0.6	-0.75	-0.39	0.38	-0.7	-0.64	-0.5	0.01	-0.58	0.05	0.07	-0.54	-0.72	-0.66	0.7	-0.8	-0.79
Retained Earnings	0.97	-0.12	0.76	0.93	0.97	0.84	0.75	-0.64		0.83	0.85	0.85	-0.57	0.89	0.92	0.64	0.34	0.95	0.16	-0.24	0.93	0.84	0.97	-0.51	0.83	0.94
Accounts Payable	0.88	-0.15	0.63	0.93	0.86	0.69	0.68	-0.6	0.83		0.78	0.69	-0.37	0.8	0.93	0.71	0.17	0.89	-0.08	-0.32	0.89	0.62	0.92	-0.48	0.82	0.8
Cash	0.88	-0.13	0.71	0.83	0.88	0.74	0.62	-0.75	0.85	0.78		0.75	-0.47	0.96	0.78	0.72	0.32	0.86	0.07	-0.01	0.84	0.71	0.88	-0.44	0.73	0.81
Non Current Assets Total	0.91	0.25	0.66	0.86	0.9	1.0	0.61	-0.39	0.85	0.69	0.75		-0.49	0.75	0.68	0.76	0.42	0.89	0.0	-0.21	0.88	0.74	0.8	-0.07	0.66	0.73
Non Currrent Assets Other	-0.53	0.0	-0.55	-0.47	-0.51	-0.49	-0.22	0.38	-0.57	-0.37	-0.47	-0.49		-0.53	-0.39	-0.29	-0.49	-0.5	-0.44	-0.05	-0.55	-0.61	-0.51	0.22	-0.34	-0.49
Cash And Short Term Investments	0.91	-0.09	0.72	0.84	0.91	0.74	0.67	-0.7	0.89	0.8	0.96	0.75	-0.53		0.82	0.72	0.39	0.9	0.23	-0.09	0.86	0.75	0.93	-0.5	0.75	0.83
Net Receivables	0.91	-0.22	0.67	0.91	0.9	0.68	0.76	-0.64	0.92	0.93	0.78	0.68	-0.39	0.82		0.62	0.22	0.89	0.06	-0.29	0.88	0.72	0.96	-0.63	0.83	0.91
Common Stock Shares Outstanding	0.79	0.09	0.59	0.71	0.8	0.76	0.49	-0.5	0.64	0.71	0.72	0.76	-0.29	0.72	0.62		0.2	0.81	0.05	0.07	0.7	0.57	0.75	-0.13	0.56	0.57
Non Current Liabilities Total	0.37	0.46	0.24	0.25	0.32	0.43	0.37	0.01	0.34	0.17	0.32	0.42	-0.49	0.39	0.22	0.2		0.29	0.47	0.13	0.48	0.31	0.32	-0.07	0.06	0.2
Inventory	0.99	0.01	0.72	0.94	0.99	0.89	0.7	-0.58	0.95	0.89	0.86	0.89	-0.5	0.9	0.89	0.81	0.29		0.12	-0.23	0.93	0.79	0.97	-0.39	0.8	0.86
Other Current Assets	0.12	0.11	0.08	-0.03	0.12	0.0	0.13	0.05	0.16	-0.08	0.07	0.0	-0.44	0.23	0.06	0.05	0.47	0.12		0.46	0.1	0.15	0.17	-0.21	-0.07	0.01
Other Stockholder Equity	-0.2	0.02	-0.27	-0.3	-0.18	-0.2	-0.12	0.07	-0.24	-0.32	-0.01	-0.21	-0.05	-0.09	-0.29	0.07	0.13	-0.23	0.46		-0.23	-0.35	-0.18	0.24	-0.41	-0.36
Total Liab	0.96	0.06	0.72	0.97	0.93	0.88	0.74	-0.54	0.93	0.89	0.84	0.88	-0.55	0.86	0.88	0.7	0.48	0.93	0.1	-0.23		0.76	0.93	-0.38	0.79	0.84
Property Plant And Equipment Gross	0.81	-0.2	0.93	0.76	0.81	0.74	0.47	-0.72	0.84	0.62	0.71	0.74	-0.61	0.75	0.72	0.57	0.31	0.79	0.15	-0.35	0.76		0.78	-0.58	0.78	0.9
Total Current Assets	0.98	-0.12	0.73	0.94	0.97	0.79	0.75	-0.66	0.97	0.92	0.88	0.8	-0.51	0.93	0.96	0.75	0.32	0.97	0.17	-0.18	0.93	0.78		-0.54	0.83	0.91
Short Term Debt	-0.4	0.64	-0.6	-0.4	-0.4	-0.07	-0.4	0.7	-0.51	-0.48	-0.44	-0.07	0.22	-0.5	-0.63	-0.13	-0.07	-0.39	-0.21	0.24	-0.38	-0.58	-0.54		-0.61	-0.67
Common Stock Total Equity	0.81	-0.46	0.87	0.86	0.8	0.65	0.69	-0.8	0.83	0.82	0.73	0.66	-0.34	0.75	0.83	0.56	0.06	0.8	-0.07	-0.41	0.79	0.78	0.83	-0.61		0.89
Common Stock	0.89	-0.33	0.86	0.87	0.89	0.72	0.65	-0.79	0.94	0.8	0.81	0.73	-0.49	0.83	0.91	0.57	0.2	0.86	0.01	-0.36	0.84	0.9	0.91	-0.67	0.89

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Geodrill Account Relationship Matchups

Geodrill balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	86.7M	98.3M	116.6M	141.2M	148.6M	93.2M
Short Long Term Debt Total	3.8M	3.7M	7.6M	5.8M	978.3K	929.4K
Other Current Liab	8.2M	6.7M	12.7M	12.5M	21.3M	22.3M
Total Current Liabilities	16.3M	21.6M	22.3M	28.3M	35.6M	19.3M
Total Stockholder Equity	65.8M	73.1M	87.5M	107.1M	110.1M	69.5M
Property Plant And Equipment Net	42.2M	43.1M	49.9M	58.4M	63.0M	46.4M
Net Debt	(6.7M)	(2.8M)	(1.7M)	(8.6M)	(14.7M)	(13.9M)
Retained Earnings	38.2M	45.4M	58.8M	75.6M	78.1M	42.4M
Accounts Payable	5.5M	9.3M	7.1M	9.4M	11.7M	6.0M
Cash	10.6M	6.6M	9.3M	14.4M	15.6M	8.6M
Non Current Assets Total	42.2M	43.1M	49.9M	58.4M	63.8M	46.4M
Non Currrent Assets Other	42.2M	(43.1M)	(49.9M)	(58.4M)	(52.5M)	(49.9M)
Cash And Short Term Investments	11.0M	8.6M	13.5M	15.1M	15.8M	9.1M
Net Receivables	15.2M	22.7M	23.7M	34.3M	32.7M	16.3M
Common Stock Shares Outstanding	44.6M	44.9M	45.3M	47.0M	47.7M	46.8M
Liabilities And Stockholders Equity	86.7M	98.3M	116.6M	141.2M	148.6M	93.2M
Non Current Liabilities Total	4.6M	3.6M	6.7M	5.8M	3.0M	4.4M
Inventory	17.7M	22.5M	27.8M	31.6M	35.2M	19.4M
Other Current Assets	697.4K	1.5M	8.4M	1.9M	1.1M	1.0M
Other Stockholder Equity	4.5M	4.4M	1.0	(2.0)	3.4M	(1.9)
Total Liab	20.9M	25.3M	29.0M	34.2M	38.6M	23.7M
Property Plant And Equipment Gross	42.2M	43.1M	127.6M	140.9M	149.7M	157.2M
Total Current Assets	44.6M	55.3M	66.7M	82.9M	84.8M	46.8M
Accumulated Other Comprehensive Income	(67.0M)	4.3M	3.9M	3.4M	3.7M	3.9M
Short Term Debt	2.6M	3.4M	302.8K	620.0K	437.9K	416.0K
Common Stock Total Equity	22.1M	22.4M	23.2M	23.4M	26.9M	24.1M
Common Stock	23.2M	23.4M	24.9M	28.1M	28.3M	25.5M
Other Liab	3.4M	3.3M	3.4M	3.3M	3.8M	2.8M
Net Tangible Assets	65.8M	73.1M	87.5M	107.1M	123.1M	72.9M
Long Term Debt	1.1M	0.0	2.9M	2.0M	333.3K	316.7K
Short Long Term Debt	2.4M	2.9M	2.3M	3.1M	2.8M	2.9M
Property Plant Equipment	42.2M	43.1M	49.9M	58.4M	67.1M	47.4M
Long Term Debt Total	1.2M	321.9K	3.3M	2.6M	2.3M	1.9M
Net Invested Capital	69.2M	76.1M	90.5M	109.1M	110.5M	92.4M
Net Working Capital	28.2M	33.6M	44.4M	54.5M	49.2M	40.2M
Capital Stock	23.2M	23.4M	24.9M	28.1M	28.3M	27.5M

Pair Trading with Geodrill

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 Geodrill 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 Geodrill will appreciate offsetting losses from the drop in the long position's value.

Moving together with Geodrill Stock

0.65

Ivanhoe Energy

Pair Corr

Moving against Geodrill Stock

0.39

PNC-B

Postmedia Network Canada

Pair Corr

The ability to find closely correlated positions to Geodrill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Geodrill 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 Geodrill - 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 Geodrill Limited to buy it.

The correlation of Geodrill 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 Geodrill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Geodrill Limited 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 Geodrill 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.

Pair Correlation Correlation Matching

Other Information on Investing in Geodrill Stock

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Geodrill Historical Balance Sheet

Geodrill Inventory

19.41 Million

About Geodrill Balance Sheet Analysis

Geodrill Balance Sheet Chart

Total Assets

Total Current Liabilities

Accounts Payable

Total Current Assets

Geodrill balance sheet Correlations

Geodrill Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Geodrill balance sheet Accounts

Pair Trading with Geodrill

Moving together with Geodrill Stock

Moving against Geodrill Stock

Other Information on Investing in Geodrill Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Inventory	+ 0.99	Total Assets
Inventory	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.98	Total Assets
Retained Earnings	+ 0.97	Total Assets

Net Debt	- 0.85	Other Current Liab
Common Stock Total Equity	- 0.8	Net Debt
Common Stock	- 0.79	Net Debt
Cash	- 0.75	Net Debt
Property Plant And Equipment Gross	- 0.72	Net Debt
Cash And Short Term Investments	- 0.7	Net Debt