New Historical Balance Sheet
NUAG Stock | CAD 2.23 0.02 0.89% |
Trend analysis of New Pacific Metals balance sheet accounts such as Total Stockholder Equity of 143.4 M provides information on New Pacific's total assets, liabilities, and equity, which is the actual value of New Pacific Metals to its prevalent stockholders. By breaking down trends over time using New Pacific 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 New Pacific Metals 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 New Pacific Metals is a good buy for the upcoming year.
New Pacific Inventory |
|
New |
About New Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of New Pacific Metals at a specified time, usually calculated after every quarter, six months, or one year. New Pacific Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of New Pacific 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 New currently owns. An asset can also be divided into two categories, current and non-current.
New Pacific Balance Sheet Chart
Add Fundamental
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.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most accounts from New Pacific's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into New Pacific Metals 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Pacific Metals. 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, New Pacific's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 1st of December 2024, Inventory is likely to grow to about 761.7 K, while Other Current Liabilities is likely to drop about 726.7 K.
2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 1.8M | 945.1K | 1.1M | 726.7K | Total Assets | 124.1M | 118.3M | 137.7M | 144.5M |
New Pacific balance sheet Correlations
Click cells to compare fundamentals
New Pacific Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Pacific balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 130.9M | 126.8M | 124.1M | 118.3M | 137.7M | 144.5M | |
Other Current Liab | 957.0K | 467.9K | 1.8M | 945.1K | 1.1M | 726.7K | |
Total Current Liabilities | 1.5M | 1.1M | 3.9M | 2.3M | 1.2M | 1.1M | |
Total Stockholder Equity | 129.5M | 125.7M | 120.3M | 116.1M | 136.6M | 143.4M | |
Property Plant And Equipment Net | 70.7M | 76.7M | 86.8M | 104.9M | 115.0M | 120.8M | |
Net Debt | (29.8M) | (46.4M) | (29.3M) | (6.3M) | (5.7M) | (6.0M) | |
Retained Earnings | (31.8M) | (54.1M) | (60.5M) | (68.6M) | (74.6M) | (70.9M) | |
Accounts Payable | 539.2K | 626.7K | 2.1M | 1.4M | 575.3K | 496.2K | |
Cash | 29.8M | 46.4M | 29.3M | 6.3M | 22.0M | 13.5M | |
Non Current Assets Total | 76.9M | 79.4M | 90.9M | 110.8M | 115.1M | 120.8M | |
Non Currrent Assets Other | (101.8K) | (95.6K) | (112.3K) | (139.4K) | (125.5K) | (119.2K) | |
Cash And Short Term Investments | 44.9M | 46.6M | 29.5M | 6.5M | 7.5M | 7.1M | |
Net Receivables | 303.6K | 343.6K | 3.2M | 421.9K | 51.3K | 48.8K | |
Common Stock Shares Outstanding | 150.7M | 153.3M | 155.6M | 156.9M | 171.3M | 179.9M | |
Liabilities And Stockholders Equity | 130.9M | 126.8M | 124.1M | 118.3M | 136.1M | 142.9M | |
Other Current Assets | 8.7M | 523.1K | 479.3K | 558.85 | 642.68 | 610.54 | |
Other Stockholder Equity | (142.9K) | (118.4K) | (119.9K) | (115.5K) | (104.0K) | (98.8K) | |
Total Liab | 1.5M | 1.1M | 3.9M | 2.3M | 1.2M | 1.1M | |
Total Current Assets | 54.0M | 47.5M | 33.2M | 7.5M | 22.6M | 21.3M | |
Accumulated Other Comprehensive Income | 4.8M | 13.6M | 11.7M | 10.2M | 11.8M | 12.4M | |
Short Term Investments | 15.1M | 143.9K | 192.4K | 198.4K | 258.7K | 245.8K | |
Common Stock | 140.3M | 149.6M | 153.7M | 155.8M | 179.2M | 97.6M | |
Net Tangible Assets | 176.7M | 125.7M | 120.2M | 116.1M | 133.5M | 124.9M | |
Net Invested Capital | 176.8M | 125.7M | 120.3M | 116.1M | 136.6M | 128.1M | |
Long Term Investments | 5.6M | 496.5K | 496.7K | 283.1K | 56.5K | 53.7K | |
Net Working Capital | 71.7M | 46.4M | 29.3M | 5.2M | 21.4M | 26.2M | |
Property Plant Equipment | 96.5M | 76.6M | 86.7M | 104.9M | 120.7M | 80.6M | |
Capital Stock | 140.3M | 149.6M | 153.7M | 155.8M | 182.0M | 164.2M | |
Intangible Assets | 121.5 | 91.51 | 60.9 | 30.5 | 35.07 | 66.98 |
Pair Trading with New Pacific
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 New Pacific 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 New Pacific will appreciate offsetting losses from the drop in the long position's value.Moving together with New Stock
0.92 | AG | First Majestic Silver | PairCorr |
0.84 | IE | Ivanhoe Energy | PairCorr |
0.69 | FDY | Faraday Copper Corp | PairCorr |
Moving against New Stock
The ability to find closely correlated positions to New Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Pacific 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 New Pacific - 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 New Pacific Metals to buy it.
The correlation of New Pacific 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 New Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Pacific Metals 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 New Pacific 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Pacific Metals. 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.