Rubellite Historical Balance Sheet
| RBY Stock | 2.20 0.02 0.92% |
Trend analysis of Rubellite Energy balance sheet accounts such as Other Liabilities of 3.2 M, Net Tangible Assets of 140.2 M, Property Plant And Equipment Net of 166 M or Net Debt of 30.8 M provides information on Rubellite Energy's total assets, liabilities, and equity, which is the actual value of Rubellite Energy to its prevalent stockholders. By breaking down trends over time using Rubellite 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.
Financial Statement Analysis is much more than just reviewing and examining Rubellite 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 Rubellite Energy is a good buy for the upcoming year.
Rubellite Energy Inventory |
|
Rubellite |
About Rubellite Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Rubellite Energy at a specified time, usually calculated after every quarter, six months, or one year. Rubellite Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Rubellite 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 Rubellite currently owns. An asset can also be divided into two categories, current and non-current.
Rubellite Energy Balance Sheet Chart
Add Fundamental
Total Assets
Total assets refers to the total amount of Rubellite 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 Rubellite 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 Rubellite 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 Rubellite 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.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.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.Most accounts from Rubellite Energy's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Rubellite 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rubellite 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.
| 2010 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 1.3M | 749K | 77K | 73.2K | Total Assets | 115.9M | 204.0M | 271.2M | 216.7M |
Rubellite Energy balance sheet Correlations
Click cells to compare fundamentals
Rubellite Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Rubellite 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 Rubellite 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 Rubellite Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Rubellite Stock
| 0.64 | CCL-A | CCL Industries | PairCorr |
| 0.62 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.56 | ENS | E Split Corp | PairCorr |
| 0.45 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.39 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Rubellite 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 Rubellite 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 Rubellite 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 Rubellite Energy to buy it.
The correlation of Rubellite 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 Rubellite Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rubellite 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 Rubellite 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.Other Information on Investing in Rubellite Stock
Balance Sheet is a snapshot of the financial position of Rubellite Energy at a specified time, usually calculated after every quarter, six months, or one year. Rubellite Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Rubellite 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 Rubellite currently owns. An asset can also be divided into two categories, current and non-current.