Sprott Historical Balance Sheet

SPPP Stock  CAD 13.40  0.10  0.74%   
Trend analysis of Sprott Physical Platinum balance sheet accounts such as Cash And Short Term Investments of 564.3 K, Common Stock Total Equity of 120.1 M, Common Stock Shares Outstanding of 11.3 M or Liabilities And Stockholders Equity of 110.3 M provides information on Sprott Physical's total assets, liabilities, and equity, which is the actual value of Sprott Physical Platinum to its prevalent stockholders. By breaking down trends over time using Sprott Physical 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.
 
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Financial Statement Analysis is much more than just reviewing and examining Sprott Physical Platinum 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 Sprott Physical Platinum is a good buy for the upcoming year.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Physical Platinum. 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 Sprott Balance Sheet Analysis

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

Sprott Physical Balance Sheet Chart

At this time, Sprott Physical's Common Stock Total Equity is very stable compared to the past year. As of the 30th of November 2024, Common Stock Shares Outstanding is likely to grow to about 11.3 M, while Total Assets are likely to drop about 110.3 M.

Total Assets

Total assets refers to the total amount of Sprott Physical 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 Sprott Physical Platinum 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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Sprott Physical Platinum balance sheet. This account contains Sprott Physical investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Sprott Physical Platinum fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Common Stock Total Equity

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

Accounts Payable

An accounting item on the balance sheet that represents Sprott Physical obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Sprott Physical Platinum are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most accounts from Sprott Physical's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Sprott Physical Platinum 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Physical Platinum. 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, Sprott Physical's Common Stock Total Equity is very stable compared to the past year. As of the 30th of November 2024, Common Stock Shares Outstanding is likely to grow to about 11.3 M, while Total Assets are likely to drop about 110.3 M.
 2021 2022 2023 2024 (projected)
Total Stockholder Equity131.8M138.3M116.3M110.1M
Total Assets132.5M138.3M116.5M110.3M

Sprott Physical balance sheet Correlations

1.00.19-0.32-0.041.0-0.240.90.870.37-0.240.930.280.63-0.180.98-0.440.91-0.44-0.180.43-0.470.25-0.45-0.14
1.00.19-0.32-0.041.0-0.240.90.870.36-0.240.930.280.63-0.180.98-0.440.91-0.44-0.180.43-0.470.25-0.45-0.14
0.190.19-0.33-0.820.20.150.330.340.360.150.290.220.4-0.090.29-0.160.18-0.15-0.090.39-0.420.72-0.4-0.01
-0.32-0.32-0.330.28-0.32-0.27-0.63-0.69-0.09-0.27-0.650.15-0.530.18-0.280.29-0.430.840.18-0.670.44-0.360.61-0.29
-0.04-0.04-0.820.28-0.05-0.19-0.19-0.18-0.22-0.19-0.15-0.09-0.250.08-0.070.090.040.050.08-0.270.3-0.680.27-0.05
1.01.00.2-0.32-0.05-0.240.90.870.37-0.240.930.280.63-0.180.98-0.440.91-0.44-0.180.43-0.470.25-0.45-0.14
-0.24-0.240.15-0.27-0.19-0.24-0.04-0.060.151.0-0.080.10.180.18-0.270.22-0.44-0.290.180.22-0.220.13-0.22-0.07
0.90.90.33-0.63-0.190.9-0.040.990.47-0.040.960.250.75-0.080.89-0.340.89-0.6-0.080.7-0.710.52-0.68-0.23
0.870.870.34-0.69-0.180.87-0.060.990.48-0.060.970.260.76-0.070.86-0.330.91-0.65-0.070.74-0.70.52-0.73-0.18
0.370.360.36-0.09-0.220.370.150.470.480.150.370.880.490.420.430.280.390.010.420.56-0.730.68-0.68-0.68
-0.24-0.240.15-0.27-0.19-0.241.0-0.04-0.060.15-0.080.10.180.18-0.270.22-0.44-0.290.180.22-0.220.13-0.22-0.07
0.930.930.29-0.65-0.150.93-0.080.960.970.37-0.080.220.72-0.20.9-0.450.9-0.68-0.20.62-0.560.35-0.62-0.01
0.280.280.220.15-0.090.280.10.250.260.880.10.220.380.180.320.10.240.090.180.2-0.510.37-0.36-0.51
0.630.630.4-0.53-0.250.630.180.750.760.490.180.720.380.00.62-0.190.65-0.710.00.61-0.690.51-0.63-0.25
-0.18-0.18-0.090.180.08-0.180.18-0.08-0.070.420.18-0.20.180.0-0.130.96-0.130.381.00.27-0.180.36-0.29-0.58
0.980.980.29-0.28-0.070.98-0.270.890.860.43-0.270.90.320.62-0.13-0.390.91-0.37-0.130.49-0.530.33-0.51-0.21
-0.44-0.44-0.160.290.09-0.440.22-0.34-0.330.280.22-0.450.1-0.190.96-0.39-0.380.50.960.09-0.010.23-0.11-0.49
0.910.910.18-0.430.040.91-0.440.890.910.39-0.440.90.240.65-0.130.91-0.38-0.48-0.130.55-0.540.33-0.55-0.17
-0.44-0.44-0.150.840.05-0.44-0.29-0.6-0.650.01-0.29-0.680.09-0.710.38-0.370.5-0.480.38-0.50.34-0.060.47-0.32
-0.18-0.18-0.090.180.08-0.180.18-0.08-0.070.420.18-0.20.180.01.0-0.130.96-0.130.380.27-0.180.36-0.29-0.58
0.430.430.39-0.67-0.270.430.220.70.740.560.220.620.20.610.270.490.090.55-0.50.27-0.790.66-0.98-0.29
-0.47-0.47-0.420.440.3-0.47-0.22-0.71-0.7-0.73-0.22-0.56-0.51-0.69-0.18-0.53-0.01-0.540.34-0.18-0.79-0.770.80.6
0.250.250.72-0.36-0.680.250.130.520.520.680.130.350.370.510.360.330.230.33-0.060.360.66-0.77-0.66-0.55
-0.45-0.45-0.40.610.27-0.45-0.22-0.68-0.73-0.68-0.22-0.62-0.36-0.63-0.29-0.51-0.11-0.550.47-0.29-0.980.8-0.660.32
-0.14-0.14-0.01-0.29-0.05-0.14-0.07-0.23-0.18-0.68-0.07-0.01-0.51-0.25-0.58-0.21-0.49-0.17-0.32-0.58-0.290.6-0.550.32
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Sprott Physical Account Relationship Matchups

Sprott Physical balance sheet Accounts

201920202021202220232024 (projected)
Total Assets118.1M127.1M132.5M138.3M116.5M110.3M
Total Stockholder Equity117.7M126.8M131.8M138.3M116.3M110.1M
Net Debt(269.3K)(1.2M)(892K)(375K)(594K)(623.7K)
Retained Earnings53.5M67.3M35.7M26.6M(9.5M)(9.0M)
Cash269.3K1.2M892K375K594K518.8K
Non Current Assets Total117.6M125.8M131.5M138.0M115.9M109.9M
Cash And Short Term Investments269.3K1.2M892K375K594K564.3K
Common Stock Total Equity131.7M98.5M79.4M74.9M67.4M120.1M
Common Stock Shares Outstanding11.2M8.6M7.0M8.3M10.3M11.3M
Liabilities And Stockholders Equity118.1M127.1M132.5M138.3M116.5M110.3M
Other Stockholder Equity(15.2M)(15.4M)(15.7M)(16.1M)(16.2M)(17.1M)
Total Current Assets269.3K1.2M892K375K594K564.3K
Common Stock79.4M74.9M111.9M127.8M142.0M115.1M
Other Current Liab177.0(240K)(267K)(59K)(212K)(201.4K)
Total Current Liabilities346.2K240K267K59K212K181.8K
Accounts Payable346K240K267K59K212K178.9K
Total Liab346.2K240K267K59K212K181.8K
Non Currrent Assets Other(117.6M)(125.8M)(131.5M)(138.0M)(115.9M)(121.7M)
Short Term Investments101.5M117.6M125.8M131.5M151.3M129.3M
Other Current Assets144.8K139.2K139K66K59.4K90.6K
Long Term Investments117.6M125.8M131.5M138.0M115.9M131.9M
Capital Stock79.4M74.9M111.9M127.8M142.0M116.3M

Pair Trading with Sprott Physical

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

Moving against Sprott Stock

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The ability to find closely correlated positions to Sprott Physical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sprott Physical 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 Sprott Physical - 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 Sprott Physical Platinum to buy it.
The correlation of Sprott Physical 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 Sprott Physical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Physical Platinum 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 Sprott Physical 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 CorrelationCorrelation Matching

Other Information on Investing in Sprott Stock

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