Gear Historical Balance Sheet

GXE Stock

CAD 0.53 0.01 1.85%

Trend analysis of Gear Energy balance sheet accounts such as Other Current Liabilities of 10.9 M or Total Current Liabilities of 33.5 M provides information on Gear Energy's total assets, liabilities, and equity, which is the actual value of Gear Energy to its prevalent stockholders. By breaking down trends over time using Gear Energy 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

Yuan Drop

Covid

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

Gear Energy Inventory

6.54 Million

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gear Energy. 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 Gear Balance Sheet Analysis

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

Gear Energy Balance Sheet Chart

At this time, Gear Energy's Total Current Assets are very stable compared to the past year. As of the 27th of November 2024, Other Liabilities is likely to grow to about 78.6 M, while Total Assets are likely to drop about 326.2 M.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Common Stock Total Equity Other Current Assets

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Total Assets

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

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most accounts from Gear Energy's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Gear Energy 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 Gear Energy. 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	26.4M	7.1M	21.2M	20.1M
Total Assets	318.8M	349.4M	338.8M	326.2M

Short Long Term Debt Total Total Assets

Gear Energy balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Net Receivables	Common Stock Total Equity	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	Current Deferred Revenue	Accounts Payable	Other Liab	Net Tangible Assets	Cash
Total Assets		0.13	0.32	-0.17	0.8	0.99	0.11	-0.37	1.0	0.61	0.74	0.69	0.66	0.89	0.43	0.63	0.69	0.54	0.75	-0.34	0.75	-0.4	0.7	0.79	0.72	-0.7
Short Long Term Debt Total	0.13		0.5	0.46	-0.39	0.21	1.0	-0.04	0.12	-0.19	-0.18	-0.35	0.28	-0.16	0.54	-0.25	0.68	-0.68	0.22	0.51	-0.21	-0.68	0.09	0.14	-0.42	-0.17
Other Current Liab	0.32	0.5		0.69	0.01	0.33	0.48	0.19	0.27	0.61	-0.14	-0.28	-0.02	0.15	0.51	-0.15	0.52	-0.18	0.7	0.68	-0.14	-0.85	0.64	0.16	-0.04	-0.29
Total Current Liabilities	-0.17	0.46	0.69		-0.27	-0.17	0.45	0.68	-0.21	0.11	-0.68	-0.74	-0.59	-0.38	0.37	-0.72	0.06	-0.33	0.32	0.82	-0.68	-0.58	0.42	-0.48	-0.28	0.17
Total Stockholder Equity	0.8	-0.39	0.01	-0.27		0.74	-0.42	-0.08	0.8	0.63	0.65	0.73	0.26	0.85	0.01	0.52	0.11	0.81	0.53	-0.5	0.65	-0.02	0.64	0.45	0.97	-0.38
Property Plant And Equipment Net	0.99	0.21	0.33	-0.17	0.74		0.18	-0.39	0.99	0.56	0.73	0.67	0.7	0.87	0.42	0.62	0.74	0.47	0.7	-0.34	0.73	-0.43	0.66	0.81	0.67	-0.65
Net Debt	0.11	1.0	0.48	0.45	-0.42	0.18		-0.07	0.09	-0.22	-0.17	-0.35	0.29	-0.19	0.57	-0.24	0.68	-0.69	0.21	0.5	-0.2	-0.64	0.05	0.14	-0.45	-0.2
Retained Earnings	-0.37	-0.04	0.19	0.68	-0.08	-0.39	-0.07		-0.38	-0.04	-0.8	-0.68	-0.85	-0.37	-0.27	-0.87	-0.51	-0.15	-0.12	0.53	-0.81	-0.19	0.24	-0.81	-0.05	0.68
Non Current Assets Total	1.0	0.12	0.27	-0.21	0.8	0.99	0.09	-0.38		0.58	0.76	0.71	0.68	0.9	0.38	0.64	0.68	0.54	0.71	-0.38	0.77	-0.37	0.67	0.8	0.73	-0.67
Net Receivables	0.61	-0.19	0.61	0.11	0.63	0.56	-0.22	-0.04	0.58		0.39	0.41	0.13	0.68	0.18	0.41	0.25	0.51	0.76	0.05	0.4	-0.38	0.73	0.41	0.59	-0.42
Common Stock Total Equity	0.74	-0.18	-0.14	-0.68	0.65	0.73	-0.17	-0.8	0.76	0.39		0.94	0.79	0.76	0.2	0.95	0.44	0.57	0.39	-0.68	0.99	0.13	0.19	0.88	0.64	-0.73
Common Stock Shares Outstanding	0.69	-0.35	-0.28	-0.74	0.73	0.67	-0.35	-0.68	0.71	0.41	0.94		0.68	0.8	0.01	0.93	0.26	0.68	0.28	-0.8	0.94	0.27	0.19	0.75	0.7	-0.55
Non Current Liabilities Total	0.66	0.28	-0.02	-0.59	0.26	0.7	0.29	-0.85	0.68	0.13	0.79	0.68		0.6	0.32	0.78	0.77	0.11	0.28	-0.46	0.8	-0.15	0.03	0.92	0.2	-0.66
Inventory	0.89	-0.16	0.15	-0.38	0.85	0.87	-0.19	-0.37	0.9	0.68	0.76	0.8	0.6		0.2	0.7	0.45	0.62	0.63	-0.44	0.78	-0.18	0.6	0.74	0.77	-0.56
Other Current Assets	0.43	0.54	0.51	0.37	0.01	0.42	0.57	-0.27	0.38	0.18	0.2	0.01	0.32	0.2		0.13	0.69	-0.03	0.73	0.23	0.22	-0.38	0.34	0.46	-0.04	-0.72
Other Stockholder Equity	0.63	-0.25	-0.15	-0.72	0.52	0.62	-0.24	-0.87	0.64	0.41	0.95	0.93	0.78	0.7	0.13		0.4	0.54	0.31	-0.68	0.97	0.18	0.11	0.85	0.49	-0.69
Total Liab	0.69	0.68	0.52	0.06	0.11	0.74	0.68	-0.51	0.68	0.25	0.44	0.26	0.77	0.45	0.69	0.4		-0.09	0.61	0.05	0.46	-0.63	0.38	0.76	0.02	-0.69
Property Plant And Equipment Gross	0.54	-0.68	-0.18	-0.33	0.81	0.47	-0.69	-0.15	0.54	0.51	0.57	0.68	0.11	0.62	-0.03	0.54	-0.09		0.36	-0.64	0.6	0.33	0.42	0.36	0.81	-0.33
Total Current Assets	0.75	0.22	0.7	0.32	0.53	0.7	0.21	-0.12	0.71	0.76	0.39	0.28	0.28	0.63	0.73	0.31	0.61	0.36		0.18	0.41	-0.54	0.77	0.55	0.46	-0.75
Short Term Debt	-0.34	0.51	0.68	0.82	-0.5	-0.34	0.5	0.53	-0.38	0.05	-0.68	-0.8	-0.46	-0.44	0.23	-0.68	0.05	-0.64	0.18		-0.7	-0.63	0.16	-0.44	-0.5	0.18
Common Stock	0.75	-0.21	-0.14	-0.68	0.65	0.73	-0.2	-0.81	0.77	0.4	0.99	0.94	0.8	0.78	0.22	0.97	0.46	0.6	0.41	-0.7		0.14	0.2	0.89	0.61	-0.75
Current Deferred Revenue	-0.4	-0.68	-0.85	-0.58	-0.02	-0.43	-0.64	-0.19	-0.37	-0.38	0.13	0.27	-0.15	-0.18	-0.38	0.18	-0.63	0.33	-0.54	-0.63	0.14		-0.65	-0.17	0.04	0.17
Accounts Payable	0.7	0.09	0.64	0.42	0.64	0.66	0.05	0.24	0.67	0.73	0.19	0.19	0.03	0.6	0.34	0.11	0.38	0.42	0.77	0.16	0.2	-0.65		0.24	0.58	-0.31
Other Liab	0.79	0.14	0.16	-0.48	0.45	0.81	0.14	-0.81	0.8	0.41	0.88	0.75	0.92	0.74	0.46	0.85	0.76	0.36	0.55	-0.44	0.89	-0.17	0.24		0.4	-0.83
Net Tangible Assets	0.72	-0.42	-0.04	-0.28	0.97	0.67	-0.45	-0.05	0.73	0.59	0.64	0.7	0.2	0.77	-0.04	0.49	0.02	0.81	0.46	-0.5	0.61	0.04	0.58	0.4		-0.32
Cash	-0.7	-0.17	-0.29	0.17	-0.38	-0.65	-0.2	0.68	-0.67	-0.42	-0.73	-0.55	-0.66	-0.56	-0.72	-0.69	-0.69	-0.33	-0.75	0.18	-0.75	0.17	-0.31	-0.83	-0.32

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Gear Energy Account Relationship Matchups

Gear Energy balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	361.4M	262.3M	318.8M	349.4M	338.8M	326.2M
Short Long Term Debt Total	77.0M	63.6M	26.4M	7.1M	21.2M	20.1M
Other Current Liab	19.3M	9.0M	9.9M	6.9M	6.3M	10.9M
Total Current Liabilities	32.0M	14.0M	21.6M	26.2M	21.1M	33.5M
Total Stockholder Equity	182.3M	104.9M	199.0M	251.6M	236.7M	178.1M
Property Plant And Equipment Net	317.0M	244.9M	263.6M	283.0M	287.3M	279.4M
Net Debt	77.0M	68.6M	26.4M	7.1M	21.2M	20.1M
Retained Earnings	(173.8M)	(251.1M)	(170.6M)	(114.2M)	(130.5M)	(137.0M)
Non Current Assets Total	340.3M	244.9M	296.5M	324.2M	317.0M	303.4M
Net Receivables	11.3M	8.5M	12.4M	12.7M	12.4M	11.0M
Common Stock Total Equity	311.2M	337.7M	335.5M	333.7M	383.8M	285.5M
Common Stock Shares Outstanding	218.9M	216.5M	263.0M	264.2M	263.3M	176.9M
Liabilities And Stockholders Equity	361.4M	262.3M	318.8M	349.4M	338.8M	326.2M
Non Current Liabilities Total	147.1M	143.3M	98.1M	71.6M	81.0M	102.0M
Inventory	6.5M	5.6M	6.6M	8.2M	6.8M	6.5M
Other Current Assets	3.2M	8.2M	3.2M	4.4M	2.7M	5.2M
Other Stockholder Equity	18.1M	19.8M	19.3M	17.8M	18.3M	16.1M
Total Liab	179.1M	157.3M	119.7M	97.8M	102.1M	148.1M
Property Plant And Equipment Gross	317.0M	244.9M	887.4M	935.5M	963.3M	1.0B
Total Current Assets	21.1M	17.3M	22.2M	25.3M	21.9M	22.7M
Common Stock	335.5M	333.7M	350.3M	348.0M	348.9M	308.2M
Accounts Payable	13.3M	6.3M	11.7M	19.3M	14.8M	14.2M
Other Liab	82.9M	84.8M	71.7M	64.5M	74.1M	78.6M
Net Tangible Assets	182.3M	104.9M	199.0M	251.6M	289.4M	178.5M
Other Assets	23.3M	0.0	32.9M	41.1M	47.3M	25.1M
Property Plant Equipment	317.0M	244.9M	263.6M	283.0M	325.5M	292.3M
Long Term Debt	64.3M	58.6M	26.4M	7.1M	21.2M	33.5M
Long Term Debt Total	64.3M	58.6M	26.4M	7.1M	6.4M	6.1M
Capital Surpluse	18.1M	19.8M	19.3M	17.8M	20.5M	18.2M
Non Currrent Assets Other	283.5M	1.6M	340.3M	(244.9M)	(220.4M)	(209.4M)
Net Invested Capital	259.2M	163.5M	225.4M	258.7M	257.9M	259.7M
Net Working Capital	(10.9M)	3.3M	587K	(971K)	756K	569.4K
Capital Stock	335.5M	333.7M	350.3M	348.0M	348.9M	376.6M

Pair Trading with Gear Energy

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

Moving against Gear Stock

0.85	FFH	Fairfax Financial	Pair Corr
0.81	ENB-PFV	Enbridge Pref 5	Pair Corr
0.79	ENS	E Split Corp	Pair Corr
0.74	ENS-PA	E Split Corp	Pair Corr
0.7	FFH-PC	Fairfax Fin Hld	Pair Corr

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

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

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Gear Historical Balance Sheet

Gear Energy Inventory

6.54 Million

About Gear Balance Sheet Analysis

Gear Energy Balance Sheet Chart

Total Assets

Total Current Liabilities

Common Stock Total Equity

Other Current Assets

Gear Energy balance sheet Correlations

Gear Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gear Energy balance sheet Accounts

Pair Trading with Gear Energy

Moving against Gear Stock

Other Information on Investing in Gear Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Common Stock	+ 0.99	Common Stock Total Equity
Net Tangible Assets	+ 0.97	Total Stockholder Equity

Other Stockholder Equity	- 0.87	Retained Earnings
Non Current Liabilities Total	- 0.85	Retained Earnings
Current Deferred Revenue	- 0.85	Other Current Liab
Cash	- 0.83	Other Liab
Other Liab	- 0.81	Retained Earnings
Common Stock	- 0.81	Retained Earnings