OceanaGold Historical Balance Sheet

OGC Stock

CAD 4.33 0.01 0.23%

Trend analysis of OceanaGold balance sheet accounts such as Total Current Liabilities of 176.2 M provides information on OceanaGold's total assets, liabilities, and equity, which is the actual value of OceanaGold to its prevalent stockholders. By breaking down trends over time using OceanaGold 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

Housing Crash

Credit Downgrade

Yuan Drop

Covid

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

OceanaGold Inventory

215.56 Million

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OceanaGold. 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 OceanaGold Balance Sheet Analysis

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

OceanaGold Balance Sheet Chart

At this time, OceanaGold's Other Stockholder Equity is very stable compared to the past year. As of the 27th of November 2024, Short Term Debt is likely to grow to about 40.8 M, while Total Assets are likely to drop about 1.5 B.

Total Assets Short Long Term Debt Total Total Current Liabilities Net Debt Other Stockholder Equity

Add Fundamental

Total Assets

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

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most accounts from OceanaGold's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into OceanaGold 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in OceanaGold. 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	370.9M	253.4M	231.8M	225.9M
Total Assets	2.3B	2.3B	2.4B	1.5B

Short Long Term Debt Total Total Assets

OceanaGold 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Accounts Payable
Total Assets		0.67	0.44	0.87	0.99	0.99	0.6	0.79	0.19	1.0	0.88	0.89	0.19	0.38	0.98	0.98	0.91	0.66	0.78	-0.26	0.93	0.78	-0.17	0.98	0.73	0.94
Short Long Term Debt Total	0.67		0.19	0.76	0.58	0.65	0.82	0.27	0.41	0.65	0.59	0.72	0.41	0.21	0.67	0.67	0.86	0.37	0.58	0.07	0.85	0.63	0.42	0.71	0.46	0.6
Other Current Liab	0.44	0.19		0.45	0.41	0.48	0.08	0.63	0.17	0.43	0.46	0.34	0.17	0.19	0.4	0.41	0.48	0.67	0.15	-0.11	0.49	0.39	-0.35	0.4	0.83	0.5
Total Current Liabilities	0.87	0.76	0.45		0.82	0.89	0.73	0.61	0.15	0.87	0.78	0.79	0.15	0.37	0.86	0.85	0.84	0.62	0.69	-0.14	0.94	0.69	0.25	0.83	0.65	0.87
Total Stockholder Equity	0.99	0.58	0.41	0.82		0.98	0.53	0.81	0.15	0.99	0.87	0.87	0.15	0.38	0.97	0.97	0.86	0.64	0.78	-0.3	0.87	0.75	-0.26	0.97	0.7	0.93
Property Plant And Equipment Net	0.99	0.65	0.48	0.89	0.98		0.61	0.81	0.15	0.99	0.87	0.87	0.15	0.36	0.96	0.98	0.91	0.67	0.76	-0.27	0.94	0.75	-0.15	0.96	0.76	0.95
Net Debt	0.6	0.82	0.08	0.73	0.53	0.61		0.3	-0.19	0.62	0.54	0.67	-0.19	0.3	0.56	0.65	0.68	0.39	0.72	-0.19	0.73	0.29	0.5	0.57	0.38	0.58
Retained Earnings	0.79	0.27	0.63	0.61	0.81	0.81	0.3		-0.04	0.8	0.63	0.7	-0.04	0.38	0.7	0.79	0.63	0.8	0.5	-0.24	0.65	0.48	-0.38	0.72	0.84	0.76
Cash	0.19	0.41	0.17	0.15	0.15	0.15	-0.19	-0.04		0.13	0.17	0.16	1.0	-0.15	0.27	0.12	0.37	-0.03	-0.15	0.43	0.3	0.62	-0.06	0.31	0.16	0.1
Non Current Assets Total	1.0	0.65	0.43	0.87	0.99	0.99	0.62	0.8	0.13		0.88	0.89	0.13	0.37	0.96	0.99	0.9	0.65	0.79	-0.29	0.92	0.73	-0.16	0.96	0.72	0.93
Non Currrent Assets Other	0.88	0.59	0.46	0.78	0.87	0.87	0.54	0.63	0.17	0.88		0.79	0.17	0.33	0.86	0.87	0.8	0.56	0.78	-0.28	0.82	0.7	-0.2	0.88	0.69	0.82
Other Assets	0.89	0.72	0.34	0.79	0.87	0.87	0.67	0.7	0.16	0.89	0.79		0.16	0.29	0.84	0.91	0.84	0.59	0.71	-0.14	0.85	0.64	-0.03	0.87	0.66	0.75
Cash And Short Term Investments	0.19	0.41	0.17	0.15	0.15	0.15	-0.19	-0.04	1.0	0.13	0.17	0.16		-0.15	0.27	0.12	0.37	-0.03	-0.15	0.43	0.3	0.62	-0.06	0.31	0.16	0.1
Net Receivables	0.38	0.21	0.19	0.37	0.38	0.36	0.3	0.38	-0.15	0.37	0.33	0.29	-0.15		0.42	0.36	0.33	0.61	0.46	-0.24	0.36	0.38	0.03	0.43	0.38	0.56
Common Stock Total Equity	0.98	0.67	0.4	0.86	0.97	0.96	0.56	0.7	0.27	0.96	0.86	0.84	0.27	0.42		0.95	0.9	0.64	0.78	-0.19	0.92	0.86	-0.17	0.99	0.67	0.95
Common Stock Shares Outstanding	0.98	0.67	0.41	0.85	0.97	0.98	0.65	0.79	0.12	0.99	0.87	0.91	0.12	0.36	0.95		0.91	0.63	0.77	-0.2	0.92	0.71	-0.15	0.95	0.73	0.92
Non Current Liabilities Total	0.91	0.86	0.48	0.84	0.86	0.91	0.68	0.63	0.37	0.9	0.8	0.84	0.37	0.33	0.9	0.91		0.61	0.65	-0.08	0.98	0.81	-0.01	0.92	0.76	0.86
Inventory	0.66	0.37	0.67	0.62	0.64	0.67	0.39	0.8	-0.03	0.65	0.56	0.59	-0.03	0.61	0.64	0.63	0.61		0.52	-0.17	0.64	0.59	-0.19	0.65	0.86	0.74
Other Current Assets	0.78	0.58	0.15	0.69	0.78	0.76	0.72	0.5	-0.15	0.79	0.78	0.71	-0.15	0.46	0.78	0.77	0.65	0.52		-0.49	0.69	0.5	-0.01	0.79	0.4	0.76
Other Stockholder Equity	-0.26	0.07	-0.11	-0.14	-0.3	-0.27	-0.19	-0.24	0.43	-0.29	-0.28	-0.14	0.43	-0.24	-0.19	-0.2	-0.08	-0.17	-0.49		-0.11	0.08	0.23	-0.2	-0.12	-0.24
Total Liab	0.93	0.85	0.49	0.94	0.87	0.94	0.73	0.65	0.3	0.92	0.82	0.85	0.3	0.36	0.92	0.92	0.98	0.64	0.69	-0.11		0.79	0.09	0.92	0.75	0.9
Total Current Assets	0.78	0.63	0.39	0.69	0.75	0.75	0.29	0.48	0.62	0.73	0.7	0.64	0.62	0.38	0.86	0.71	0.81	0.59	0.5	0.08	0.79		-0.17	0.85	0.62	0.79
Short Term Debt	-0.17	0.42	-0.35	0.25	-0.26	-0.15	0.5	-0.38	-0.06	-0.16	-0.2	-0.03	-0.06	0.03	-0.17	-0.15	-0.01	-0.19	-0.01	0.23	0.09	-0.17		-0.17	-0.28	-0.14
Common Stock	0.98	0.71	0.4	0.83	0.97	0.96	0.57	0.72	0.31	0.96	0.88	0.87	0.31	0.43	0.99	0.95	0.92	0.65	0.79	-0.2	0.92	0.85	-0.17		0.69	0.92
Current Deferred Revenue	0.73	0.46	0.83	0.65	0.7	0.76	0.38	0.84	0.16	0.72	0.69	0.66	0.16	0.38	0.67	0.73	0.76	0.86	0.4	-0.12	0.75	0.62	-0.28	0.69		0.75
Accounts Payable	0.94	0.6	0.5	0.87	0.93	0.95	0.58	0.76	0.1	0.93	0.82	0.75	0.1	0.56	0.95	0.92	0.86	0.74	0.76	-0.24	0.9	0.79	-0.14	0.92	0.75

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OceanaGold Account Relationship Matchups

OceanaGold balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.1B	2.3B	2.3B	2.3B	2.4B	1.5B
Short Long Term Debt Total	228.4M	312.9M	370.9M	253.4M	231.8M	225.9M
Other Current Liab	14.7M	67.2M	30.3M	26.1M	63.9M	67.1M
Total Current Liabilities	202.7M	266.3M	202.3M	229.6M	311M	176.2M
Total Stockholder Equity	1.6B	1.6B	1.5B	1.7B	1.7B	1.0B
Property Plant And Equipment Net	1.5B	1.6B	1.6B	1.7B	1.9B	1.1B
Net Debt	179.4M	133.9M	237.9M	170.2M	170.1M	116.1M
Retained Earnings	391M	240.6M	236.9M	369.5M	438.3M	460.2M
Cash	49M	179M	133M	83.2M	61.7M	98.5M
Non Current Assets Total	1.9B	1.9B	2.0B	2.0B	2.1B	1.3B
Non Currrent Assets Other	185.6M	312.7M	190.2M	292.9M	215.3M	135.0M
Other Assets	299.7M	326.3M	337.6M	243.2M	279.7M	235.8M
Cash And Short Term Investments	49M	179M	133M	83.2M	61.7M	98.5M
Net Receivables	6.9M	7.5M	24.1M	43.1M	44.2M	46.4M
Common Stock Total Equity	1.1B	1.1B	1.1B	1.2B	1.4B	808.9M
Common Stock Shares Outstanding	628.8M	633.2M	652.5M	717.5M	722.6M	450.6M
Liabilities And Stockholders Equity	2.1B	2.3B	2.3B	2.3B	2.4B	1.5B
Non Current Liabilities Total	305.9M	422.1M	507.7M	387.7M	402.2M	297.5M
Inventory	145.4M	108.2M	127.1M	147.1M	205.3M	215.6M
Other Current Assets	14.3M	14.9M	12.4M	13.5M	15.5M	9.5M
Other Stockholder Equity	48.6M	56.4M	63.9M	71.1M	73.2M	104.3M
Total Liab	508.6M	688.4M	710M	617.3M	713.2M	473.7M
Total Current Assets	216.2M	307.1M	297.7M	288.9M	325.5M	214.9M
Short Term Debt	9.9M	24.8M	23.5M	28.8M	34.8M	40.8M
Common Stock	1.1B	1.2B	1.2B	1.2B	1.2B	911.4M
Current Deferred Revenue	34.8M	39.3M	42.7M	76.7M	88.2M	92.6M
Accounts Payable	120.5M	132.5M	143.2M	174.7M	212.3M	106.3M
Accumulated Other Comprehensive Income	17M	38.4M	17.3M	2.2M	(14.6M)	(13.9M)
Other Liab	102.3M	132.7M	165.6M	163.1M	187.6M	120.2M
Net Tangible Assets	1.6B	1.6B	1.5B	1.7B	1.9B	1.4B
Long Term Investments	2.6M	2.7M	5.5M	1.2M	600K	0.0
Property Plant Equipment	1.5B	1.6B	1.6B	1.7B	1.9B	1.4B
Long Term Debt Total	203.6M	289.4M	342.1M	224.6M	258.3M	251.5M
Capital Lease Obligations	78.4M	106.2M	113.2M	98.4M	113.2M	80.9M
Non Current Liabilities Other	3.8M	3.6M	3.1M	2.5M	2.3M	3.8M
Cash And Equivalents	49M	179M	133M	83.2M	95.7M	109.1M
Net Invested Capital	1.7B	1.8B	1.8B	1.8B	2.0B	2.0B

Pair Trading with OceanaGold

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

Moving together with OceanaGold Stock

0.74	AG	First Majestic Silver	Pair Corr
0.66	IE	Ivanhoe Energy	Pair Corr
0.7	FDY	Faraday Copper Corp	Pair Corr

Moving against OceanaGold Stock

0.51

INFM

Infinico Metals Corp

Pair Corr

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

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

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OceanaGold Historical Balance Sheet

OceanaGold Inventory

215.56 Million

About OceanaGold Balance Sheet Analysis

OceanaGold Balance Sheet Chart

Total Assets

Total Current Liabilities

Net Debt

OceanaGold balance sheet Correlations

OceanaGold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

OceanaGold balance sheet Accounts

Pair Trading with OceanaGold

Moving together with OceanaGold Stock

Moving against OceanaGold Stock

Other Information on Investing in OceanaGold Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Other Stockholder Equity	- 0.49	Other Current Assets
Short Term Debt	- 0.38	Retained Earnings
Short Term Debt	- 0.35	Other Current Liab
Other Stockholder Equity	- 0.3	Total Stockholder Equity
Other Stockholder Equity	- 0.29	Non Current Assets Total
Current Deferred Revenue	- 0.28	Short Term Debt