Gfl Historical Balance Sheet
GFL Stock | CAD 65.65 0.78 1.20% |
Trend analysis of Gfl Environmental Holdings balance sheet accounts such as Short and Long Term Debt Total of 8.1 B or Other Current Liab of 863.4 M provides information on Gfl Environmental's total assets, liabilities, and equity, which is the actual value of Gfl Environmental to its prevalent stockholders. By breaking down trends over time using Gfl Environmental 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 Gfl Environmental 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 Gfl Environmental is a good buy for the upcoming year.
Gfl Environmental Inventory |
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About Gfl Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Gfl Environmental at a specified time, usually calculated after every quarter, six months, or one year. Gfl Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Gfl Environmental 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 Gfl currently owns. An asset can also be divided into two categories, current and non-current.
Gfl Environmental Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Gfl Environmental balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Gfl Environmental Holdings 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 Gfl Environmental's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Gfl Environmental 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 Gfl Environmental Holdings. 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, Gfl Environmental's Cash And Short Term Investments are very stable compared to the past year. As of the 29th of November 2024, Common Stock Total Equity is likely to grow to about 9.2 B, while Total Assets are likely to drop about 15.9 B.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 8.3B | 9.6B | 9.3B | 8.1B | Total Assets | 18.4B | 19.8B | 20.7B | 15.9B |
Gfl Environmental balance sheet Correlations
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Gfl Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gfl Environmental balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 12.3B | 15.7B | 18.4B | 19.8B | 20.7B | 15.9B | |
Short Long Term Debt Total | 7.8B | 7.7B | 8.3B | 9.6B | 9.3B | 8.1B | |
Other Current Liab | 35.5M | (93.2M) | (64.1M) | 816.9M | 822.3M | 863.4M | |
Total Current Liabilities | 865.1M | 1.2B | 1.5B | 2.7B | 1.8B | 1.4B | |
Total Stockholder Equity | 2.8B | 5.7B | 5.8B | 6.0B | 7.2B | 4.9B | |
Other Liab | 957.2M | 2.4B | 2.8B | 1.4B | 1.7B | 1.6B | |
Net Tangible Assets | (5.3B) | (3.9B) | (5.1B) | (5.4B) | (4.9B) | (5.1B) | |
Property Plant And Equipment Net | 2.9B | 5.1B | 6.0B | 6.5B | 7.0B | 4.9B | |
Net Debt | 7.2B | 7.7B | 8.1B | 9.6B | 9.1B | 7.9B | |
Retained Earnings | (770.3M) | (1.8B) | (2.5B) | (2.8B) | (2.8B) | (2.7B) | |
Accounts Payable | 732.0M | 1.0B | 1.3B | 1.6B | 711M | 982.8M | |
Cash | 574.8M | 27.2M | 190.4M | 82.1M | 135.7M | 159.9M | |
Non Current Assets Total | 10.9B | 14.7B | 16.9B | 18.4B | 19.2B | 14.7B | |
Non Currrent Assets Other | 31.7M | 33.2M | 36.3M | (777.6M) | 82.9M | 87.0M | |
Other Assets | 31.6M | 33.2M | 36.3M | 90.2M | 103.7M | 108.9M | |
Long Term Debt | 7.6B | 7.5B | 9.2B | 9.2B | 8.8B | 8.0B | |
Cash And Short Term Investments | 574.8M | 27.2M | 190.4M | 82.1M | 135.7M | 159.9M | |
Net Receivables | 713.4M | 867.3M | 1.1B | 1.1B | 1.1B | 920.0M | |
Good Will | 5.2B | 6.5B | 7.5B | 8.2B | 7.9B | 6.5B | |
Long Term Debt Total | 7.7B | 6.3B | 8.2B | 9.6B | 11.0B | 7.4B | |
Liabilities And Stockholders Equity | 12.3B | 15.7B | 18.4B | 19.8B | 20.7B | 15.9B | |
Non Current Liabilities Total | 8.7B | 8.9B | 11.1B | 11.0B | 11.5B | 9.6B | |
Capital Surpluse | 16.4M | 54.3M | 77.4M | 109.6M | 126.0M | 132.3M | |
Inventory | 50.5M | 57.4M | 82M | 84.2M | 98.2M | 68.9M | |
Other Current Assets | 50.5M | 76.3M | 88.6M | 182.9M | 123.4M | 92.4M | |
Other Stockholder Equity | 16.4M | 54.3M | 77.4M | 109.6M | 149.5M | 157.0M | |
Total Liab | 9.6B | 10.1B | 12.6B | 13.7B | 13.3B | 11.0B | |
Net Invested Capital | 10.4B | 13.3B | 15.1B | 15.3B | 16.0B | 13.0B | |
Property Plant And Equipment Gross | 2.9B | 5.1B | 7.9B | 9.4B | 10.6B | 6.2B | |
Short Long Term Debt | 71.4M | 76.6M | 86.9M | 42.7M | 15.5M | 14.7M | |
Total Current Assets | 1.4B | 1.0B | 1.5B | 1.4B | 1.5B | 1.2B | |
Accumulated Other Comprehensive Income | (2.7M) | (241.5M) | (253.7M) | 130.3M | 15.1M | 15.9M | |
Net Working Capital | 555.2M | (165.1M) | (26.7M) | (1.3B) | (325.4M) | (309.1M) | |
Short Term Debt | 97.5M | 101.3M | 68.1M | 69.4M | 69.3M | 73.6M | |
Intangible Assets | 2.8B | 3.1B | 3.3B | 3.2B | 3.1B | 3.0B | |
Common Stock | 3.5B | 7.6B | 8.5B | 8.6B | 9.8B | 6.7B | |
Property Plant Equipment | 2.9B | 5.1B | 6.0B | 6.5B | 7.5B | 4.4B |
Pair Trading with Gfl Environmental
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 Gfl Environmental 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 Gfl Environmental will appreciate offsetting losses from the drop in the long position's value.Moving together with Gfl Stock
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The ability to find closely correlated positions to Gfl Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gfl Environmental 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 Gfl Environmental - 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 Gfl Environmental Holdings to buy it.
The correlation of Gfl Environmental 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 Gfl Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gfl Environmental 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 Gfl Environmental 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gfl Environmental Holdings. 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.