PrairieSky Historical Balance Sheet

PSK Stock

CAD 29.52 0.73 2.41%

Trend analysis of PrairieSky Royalty balance sheet accounts such as Property Plant And Equipment Net of 2 B, Accounts Payable of 2.2 M, Non Current Assets Total of 2.6 B or Non Currrent Assets Other of 1.2 B provides information on PrairieSky Royalty's total assets, liabilities, and equity, which is the actual value of PrairieSky Royalty to its prevalent stockholders. By breaking down trends over time using PrairieSky Royalty 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

Covid

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

PrairieSky Royalty Inventory

1.18 Million

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

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

PrairieSky Royalty Balance Sheet Chart

At this time, PrairieSky Royalty's Net Invested Capital is very stable compared to the past year. As of the 27th of November 2024, Short and Long Term Debt Total is likely to grow to about 204.1 M, while Total Assets are likely to drop about 2.6 B.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity Non Currrent Assets Other Capital Stock

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Total Assets

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

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Most accounts from PrairieSky Royalty's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into PrairieSky Royalty 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 PrairieSky Royalty. 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)
Other Current Liabilities	35.8M	82.2M	89.2M	93.7M
Total Assets	3.5B	3.4B	3.3B	2.6B

Other Current Liab Total Assets

PrairieSky Royalty balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Total Liab	Total Current Assets	Common Stock	Other Liab	Net Tangible Assets	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Other Stockholder Equity	Property Plant Equipment	Retained Earnings	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory
Total Assets		0.54	0.58	0.99	0.99	0.22	1.0	0.71	0.36	0.98	0.76	0.32	0.99	0.98	0.99	0.4	0.16	0.9	0.16	-0.07	0.93	-0.91	0.96	0.83	0.67	0.59
Other Current Liab	0.54		0.74	0.5	0.57	0.33	0.55	0.31	0.64	0.5	0.6	0.09	0.52	0.64	0.56	0.46	-0.15	0.43	-0.15	0.12	0.4	-0.44	0.54	0.56	0.54	0.09
Total Current Liabilities	0.58	0.74		0.53	0.59	0.41	0.58	0.36	0.73	0.54	0.61	0.17	0.54	0.63	0.55	0.33	-0.08	0.52	-0.08	0.14	0.38	-0.44	0.48	0.52	0.46	0.16
Total Stockholder Equity	0.99	0.5	0.53		0.98	0.2	0.99	0.72	0.3	0.99	0.66	0.35	0.99	0.97	0.99	0.27	0.21	0.91	0.21	-0.11	0.92	-0.9	0.97	0.83	0.56	0.62
Property Plant And Equipment Net	0.99	0.57	0.59	0.98		0.22	1.0	0.73	0.35	0.96	0.8	0.25	0.98	0.98	0.98	0.46	0.09	0.86	0.09	-0.02	0.94	-0.92	0.96	0.85	0.72	0.6
Accounts Payable	0.22	0.33	0.41	0.2	0.22		0.24	0.01	0.57	0.28	0.23	0.23	0.23	0.28	0.24	0.1	0.17	0.43	0.17	0.05	0.18	-0.08	0.14	0.14	0.19	-0.14
Non Current Assets Total	1.0	0.55	0.58	0.99	1.0	0.24		0.73	0.34	0.98	0.77	0.27	0.99	0.98	0.98	0.42	0.11	0.88	0.11	-0.03	0.94	-0.92	0.97	0.85	0.68	0.61
Non Currrent Assets Other	0.71	0.31	0.36	0.72	0.73	0.01	0.73		-0.06	0.72	0.47	-0.18	0.76	0.72	0.72	0.29	-0.25	0.61	-0.25	0.32	0.8	-0.82	0.77	0.83	0.4	0.96
Net Receivables	0.36	0.64	0.73	0.3	0.35	0.57	0.34	-0.06		0.3	0.53	0.55	0.27	0.38	0.33	0.27	0.3	0.39	0.3	-0.17	0.11	-0.03	0.17	0.08	0.43	-0.29
Good Will	0.98	0.5	0.54	0.99	0.96	0.28	0.98	0.72	0.3		0.65	0.32	0.99	0.97	0.98	0.27	0.18	0.94	0.18	-0.05	0.92	-0.91	0.96	0.84	0.55	0.62
Total Liab	0.76	0.6	0.61	0.66	0.8	0.23	0.77	0.47	0.53	0.65		0.09	0.68	0.75	0.67	0.86	-0.14	0.57	-0.14	0.14	0.73	-0.66	0.64	0.61	0.98	0.32
Total Current Assets	0.32	0.09	0.17	0.35	0.25	0.23	0.27	-0.18	0.55	0.32	0.09		0.26	0.24	0.33	-0.31	0.95	0.44	0.95	-0.8	0.05	0.03	0.19	-0.2	0.01	-0.26
Common Stock	0.99	0.52	0.54	0.99	0.98	0.23	0.99	0.76	0.27	0.99	0.68	0.26		0.98	0.99	0.32	0.12	0.9	0.12	-0.03	0.93	-0.93	0.98	0.86	0.59	0.65
Other Liab	0.98	0.64	0.63	0.97	0.98	0.28	0.98	0.72	0.38	0.97	0.75	0.24	0.98		0.98	0.39	0.07	0.88	0.07	0.02	0.9	-0.89	0.96	0.87	0.65	0.58
Net Tangible Assets	0.99	0.56	0.55	0.99	0.98	0.24	0.98	0.72	0.33	0.98	0.67	0.33	0.99	0.98		0.29	0.2	0.89	0.2	-0.11	0.9	-0.89	0.98	0.83	0.58	0.59
Net Debt	0.4	0.46	0.33	0.27	0.46	0.1	0.42	0.29	0.27	0.27	0.86	-0.31	0.32	0.39	0.29		-0.48	0.19	-0.48	0.4	0.5	-0.44	0.32	0.44	0.92	0.22
Cash	0.16	-0.15	-0.08	0.21	0.09	0.17	0.11	-0.25	0.3	0.18	-0.14	0.95	0.12	0.07	0.2	-0.48		0.29	1.0	-0.9	-0.07	0.14	0.07	-0.34	-0.18	-0.27
Other Assets	0.9	0.43	0.52	0.91	0.86	0.43	0.88	0.61	0.39	0.94	0.57	0.44	0.9	0.88	0.89	0.19	0.29		0.29	-0.05	0.84	-0.78	0.83	0.72	0.45	0.52
Cash And Short Term Investments	0.16	-0.15	-0.08	0.21	0.09	0.17	0.11	-0.25	0.3	0.18	-0.14	0.95	0.12	0.07	0.2	-0.48	1.0	0.29		-0.9	-0.07	0.14	0.07	-0.34	-0.18	-0.27
Other Stockholder Equity	-0.07	0.12	0.14	-0.11	-0.02	0.05	-0.03	0.32	-0.17	-0.05	0.14	-0.8	-0.03	0.02	-0.11	0.4	-0.9	-0.05	-0.9		0.19	-0.16	-0.03	0.42	0.14	0.32
Property Plant Equipment	0.93	0.4	0.38	0.92	0.94	0.18	0.94	0.8	0.11	0.92	0.73	0.05	0.93	0.9	0.9	0.5	-0.07	0.84	-0.07	0.19		-0.95	0.92	0.9	0.68	0.74
Retained Earnings	-0.91	-0.44	-0.44	-0.9	-0.92	-0.08	-0.92	-0.82	-0.03	-0.91	-0.66	0.03	-0.93	-0.89	-0.89	-0.44	0.14	-0.78	0.14	-0.16	-0.95		-0.95	-0.92	-0.6	-0.79
Common Stock Total Equity	0.96	0.54	0.48	0.97	0.96	0.14	0.97	0.77	0.17	0.96	0.64	0.19	0.98	0.96	0.98	0.32	0.07	0.83	0.07	-0.03	0.92	-0.95		0.89	0.56	0.68
Common Stock Shares Outstanding	0.83	0.56	0.52	0.83	0.85	0.14	0.85	0.83	0.08	0.84	0.61	-0.2	0.86	0.87	0.83	0.44	-0.34	0.72	-0.34	0.42	0.9	-0.92	0.89		0.54	0.75
Non Current Liabilities Total	0.67	0.54	0.46	0.56	0.72	0.19	0.68	0.4	0.43	0.55	0.98	0.01	0.59	0.65	0.58	0.92	-0.18	0.45	-0.18	0.14	0.68	-0.6	0.56	0.54		0.28
Inventory	0.59	0.09	0.16	0.62	0.6	-0.14	0.61	0.96	-0.29	0.62	0.32	-0.26	0.65	0.58	0.59	0.22	-0.27	0.52	-0.27	0.32	0.74	-0.79	0.68	0.75	0.28

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PrairieSky Royalty Account Relationship Matchups

PrairieSky Royalty balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7B	2.6B	3.5B	3.4B	3.3B	2.6B
Other Current Liab	23.2M	20.6M	35.8M	82.2M	89.2M	93.7M
Total Current Liabilities	41M	69.7M	44.5M	177.6M	96.4M	61.1M
Total Stockholder Equity	2.5B	2.3B	2.6B	2.8B	2.8B	2.3B
Property Plant And Equipment Net	2.1B	1.9B	2.8B	2.7B	2.6B	2.0B
Accounts Payable	1.1M	1.3M	1.6M	2.1M	2.6M	2.2M
Non Current Assets Total	2.7B	2.6B	3.5B	3.3B	3.2B	2.6B
Non Currrent Assets Other	2.9B	2.8B	2.7B	1.6B	1.8B	1.2B
Net Receivables	37.3M	27.2M	52.4M	80.3M	61.6M	51.5M
Liabilities And Stockholders Equity	2.7B	2.6B	3.5B	3.4B	3.3B	2.6B
Total Liab	233.8M	266.2M	915.8M	647.1M	541.3M	348.8M
Total Current Assets	37.9M	27.7M	52.9M	80.8M	62.3M	57.5M
Common Stock	3.3B	3.2B	3.4B	3.4B	3.9B	2.9B
Other Liab	190.6M	194.9M	227M	251.1M	288.8M	199.0M
Net Tangible Assets	1.9B	1.7B	2.0B	2.1B	2.5B	1.8B
Net Debt	12.9M	47.3M	646.6M	220.1M	188.1M	197.5M
Cash	(2.8M)	(2.2M)	(1.6M)	(900K)	(810K)	(769.5K)
Cash And Short Term Investments	(2.8M)	(2.2M)	(1.6M)	(900K)	(810K)	(769.5K)
Other Stockholder Equity	4.8M	6.6M	7.7M	8.2M	6.3M	6M
Property Plant Equipment	2.1B	1.9B	2.8B	1.7B	2.0B	1.9B
Retained Earnings	(814.5M)	(869.1M)	(816.4M)	(642.2M)	(643.8M)	(676.0M)
Common Stock Total Equity	3.3B	3.3B	3.3B	3.2B	3.7B	3.2B
Common Stock Shares Outstanding	234M	230.1M	223.8M	239.1M	239M	239.7M
Non Current Liabilities Total	192.8M	196.5M	871.3M	469.5M	444.9M	339.0M
Property Plant And Equipment Gross	2.1B	1.9B	3.7B	3.8B	3.8B	2.7B
Capital Surpluse	6.6M	7.7M	8.2M	6.3M	7.2M	5.7M
Intangible Assets	682.5M	623.5M	1.0B	1.0B	1.2B	879.0M
Long Term Debt Total	2.2M	1.6M	644.3M	218.4M	251.2M	136.2M
Short Term Debt	7.9M	43.5M	700K	800K	100K	95K
Net Invested Capital	2.5B	2.4B	3.2B	3.0B	3.0B	3.0B
Net Working Capital	(3.1M)	(42M)	8.4M	(96.8M)	(34.1M)	(32.4M)
Short Long Term Debt Total	10.1M	45.1M	645M	219.2M	188.1M	204.1M
Capital Stock	3.3B	3.2B	3.4B	3.4B	3.9B	3.7B

Pair Trading with PrairieSky Royalty

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

Moving together with PrairieSky Stock

0.79	ENB-PFV	Enbridge Pref 5	Pair Corr
0.79	ENS	E Split Corp	Pair Corr
0.87	ENS-PA	E Split Corp	Pair Corr

Moving against PrairieSky Stock

0.76	ARA	Aclara Resources	Pair Corr
0.47	RCI-A	Rogers Communications	Pair Corr

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

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

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PrairieSky Historical Balance Sheet

PrairieSky Royalty Inventory

1.18 Million

About PrairieSky Balance Sheet Analysis

PrairieSky Royalty Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Non Currrent Assets Other

Capital Stock

PrairieSky Royalty balance sheet Correlations

PrairieSky Royalty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PrairieSky Royalty balance sheet Accounts

Pair Trading with PrairieSky Royalty

Moving together with PrairieSky Stock

Moving against PrairieSky Stock

Other Information on Investing in PrairieSky Stock

COMMON DESTINATIONS

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COMPANY

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

Common Stock Total Equity	- 0.95	Retained Earnings
Retained Earnings	- 0.95	Property Plant Equipment
Retained Earnings	- 0.93	Common Stock
Common Stock Shares Outstanding	- 0.92	Retained Earnings
Retained Earnings	- 0.92	Non Current Assets Total
Retained Earnings	- 0.92	Property Plant And Equipment Net