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.
 
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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

68.93 Million

  
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.

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

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.

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 Total8.3B9.6B9.3B8.1B
Total Assets18.4B19.8B20.7B15.9B

Gfl Environmental balance sheet Correlations

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Click cells to compare fundamentals

Gfl Environmental Account Relationship Matchups

Gfl Environmental balance sheet Accounts

201920202021202220232024 (projected)
Total Assets12.3B15.7B18.4B19.8B20.7B15.9B
Short Long Term Debt Total7.8B7.7B8.3B9.6B9.3B8.1B
Other Current Liab35.5M(93.2M)(64.1M)816.9M822.3M863.4M
Total Current Liabilities865.1M1.2B1.5B2.7B1.8B1.4B
Total Stockholder Equity2.8B5.7B5.8B6.0B7.2B4.9B
Other Liab957.2M2.4B2.8B1.4B1.7B1.6B
Net Tangible Assets(5.3B)(3.9B)(5.1B)(5.4B)(4.9B)(5.1B)
Property Plant And Equipment Net2.9B5.1B6.0B6.5B7.0B4.9B
Net Debt7.2B7.7B8.1B9.6B9.1B7.9B
Retained Earnings(770.3M)(1.8B)(2.5B)(2.8B)(2.8B)(2.7B)
Accounts Payable732.0M1.0B1.3B1.6B711M982.8M
Cash574.8M27.2M190.4M82.1M135.7M159.9M
Non Current Assets Total10.9B14.7B16.9B18.4B19.2B14.7B
Non Currrent Assets Other31.7M33.2M36.3M(777.6M)82.9M87.0M
Other Assets31.6M33.2M36.3M90.2M103.7M108.9M
Long Term Debt7.6B7.5B9.2B9.2B8.8B8.0B
Cash And Short Term Investments574.8M27.2M190.4M82.1M135.7M159.9M
Net Receivables713.4M867.3M1.1B1.1B1.1B920.0M
Good Will5.2B6.5B7.5B8.2B7.9B6.5B
Long Term Debt Total7.7B6.3B8.2B9.6B11.0B7.4B
Liabilities And Stockholders Equity12.3B15.7B18.4B19.8B20.7B15.9B
Non Current Liabilities Total8.7B8.9B11.1B11.0B11.5B9.6B
Capital Surpluse16.4M54.3M77.4M109.6M126.0M132.3M
Inventory50.5M57.4M82M84.2M98.2M68.9M
Other Current Assets50.5M76.3M88.6M182.9M123.4M92.4M
Other Stockholder Equity16.4M54.3M77.4M109.6M149.5M157.0M
Total Liab9.6B10.1B12.6B13.7B13.3B11.0B
Net Invested Capital10.4B13.3B15.1B15.3B16.0B13.0B
Property Plant And Equipment Gross2.9B5.1B7.9B9.4B10.6B6.2B
Short Long Term Debt71.4M76.6M86.9M42.7M15.5M14.7M
Total Current Assets1.4B1.0B1.5B1.4B1.5B1.2B
Accumulated Other Comprehensive Income(2.7M)(241.5M)(253.7M)130.3M15.1M15.9M
Net Working Capital555.2M(165.1M)(26.7M)(1.3B)(325.4M)(309.1M)
Short Term Debt97.5M101.3M68.1M69.4M69.3M73.6M
Intangible Assets2.8B3.1B3.3B3.2B3.1B3.0B
Common Stock3.5B7.6B8.5B8.6B9.8B6.7B
Property Plant Equipment2.9B5.1B6.0B6.5B7.5B4.4B

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.
Pair CorrelationCorrelation Matching
When determining whether Gfl Environmental is a strong investment it is important to analyze Gfl Environmental's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Gfl Environmental's future performance. For an informed investment choice regarding Gfl Stock, refer to the following important reports:
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.
Please note, there is a significant difference between Gfl Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gfl Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gfl Environmental's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.