Suncor Historical Balance Sheet
SU Stock | CAD 55.71 0.06 0.11% |
Trend analysis of Suncor Energy balance sheet accounts such as Total Stockholder Equity of 22.4 B, Property Plant And Equipment Net of 37.3 B, Net Debt of 7.3 B or Retained Earnings of 10.2 B provides information on Suncor Energy's total assets, liabilities, and equity, which is the actual value of Suncor Energy to its prevalent stockholders. By breaking down trends over time using Suncor 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 Suncor 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 Suncor Energy is a good buy for the upcoming year.
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About Suncor Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Suncor Energy at a specified time, usually calculated after every quarter, six months, or one year. Suncor Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Suncor 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 Suncor currently owns. An asset can also be divided into two categories, current and non-current.
Suncor Energy Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Suncor 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 Suncor 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.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.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 Suncor Energy balance sheet. This account contains Suncor Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Suncor Energy 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.Most accounts from Suncor Energy's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Suncor 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Suncor 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 estimate. To learn how to invest in Suncor Stock, please use our How to Invest in Suncor Energy guide.At this time, Suncor Energy's Property Plant And Equipment Gross is very stable compared to the past year. As of the 30th of November 2024, Total Current Assets is likely to grow to about 14.5 B, while Total Assets are likely to drop about 46.3 B.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 18.4B | 15.6B | 15.8B | 8.8B | Total Assets | 83.7B | 84.6B | 88.5B | 46.3B |
Suncor Energy balance sheet Correlations
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Suncor Energy Account Relationship Matchups
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Suncor Energy balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 89.4B | 84.6B | 83.7B | 84.6B | 88.5B | 46.3B | |
Short Long Term Debt Total | 18.0B | 21.7B | 18.4B | 15.6B | 15.8B | 8.8B | |
Other Current Liab | 631M | 527M | 779M | 1.1B | 983M | 1.0B | |
Total Current Liabilities | 10.5B | 10.5B | 10.4B | 12.9B | 9.6B | 5.5B | |
Total Stockholder Equity | 42.0B | 35.8B | 36.6B | 39.4B | 43.3B | 22.4B | |
Property Plant And Equipment Net | 75.1B | 70.4B | 67.8B | 64.6B | 67.7B | 37.3B | |
Net Debt | 16.0B | 19.8B | 16.1B | 13.6B | 14.1B | 7.3B | |
Retained Earnings | 15.4B | 9.1B | 11.5B | 15.6B | 20.0B | 10.2B | |
Accounts Payable | 6.6B | 4.7B | 6.5B | 8.2B | 7.7B | 8.1B | |
Cash | 2.0B | 1.9B | 2.2B | 2.0B | 1.7B | 1.6B | |
Non Current Assets Total | 79.5B | 75.2B | 72.8B | 70.1B | 74.7B | 39.9B | |
Non Currrent Assets Other | 905M | 954M | 916M | 1.0B | 3.0B | 3.1B | |
Cash And Short Term Investments | 2.0B | 1.9B | 2.2B | 2.0B | 1.7B | 1.6B | |
Net Receivables | 4.2B | 3.9B | 4.7B | 6.3B | 6.7B | 7.1B | |
Common Stock Shares Outstanding | 1.6B | 1.5B | 1.5B | 1.4B | 1.3B | 1.3B | |
Liabilities And Stockholders Equity | 89.4B | 84.6B | 83.7B | 84.6B | 88.5B | 46.3B | |
Non Current Liabilities Total | 36.9B | 38.3B | 36.7B | 32.4B | 35.7B | 18.4B | |
Inventory | 3.8B | 3.6B | 4.1B | 5.1B | 5.4B | 5.6B | |
Other Stockholder Equity | 566M | 591M | 612M | 571M | 569M | 540.6M | |
Total Liab | 47.4B | 48.9B | 47.1B | 45.3B | 45.3B | 23.9B | |
Property Plant And Equipment Gross | 75.1B | 70.4B | 67.8B | 129.2B | 127.3B | 133.7B | |
Total Current Assets | 9.9B | 9.4B | 11.0B | 14.5B | 13.8B | 14.5B | |
Accumulated Other Comprehensive Income | 899M | 877M | 814M | 974M | 1.0B | 1.1B | |
Short Term Debt | 2.5B | 5.3B | 1.8B | 3.1B | 842M | 904.8M | |
Other Assets | 1.1B | 1.2B | 1.1B | 1.1B | 1.3B | 760.0M | |
Other Current Assets | 227M | 880M | 251M | 1.2B | 1.0B | 1.1B | |
Intangible Assets | 166M | 436M | 631M | 694M | 636M | 667.8M | |
Current Deferred Revenue | 425M | 535M | 1.2B | 41M | 47.2M | 44.8M | |
Common Stock | 25.2B | 25.1B | 23.7B | 22.3B | 21.7B | 25.2B | |
Other Liab | 21.4B | 21.9B | 20.2B | 19.5B | 22.4B | 21.5B | |
Net Tangible Assets | 39.0B | 32.4B | 33.1B | 35.8B | 32.2B | 30.2B | |
Long Term Debt | 12.9B | 13.8B | 14.0B | 9.8B | 11.1B | 13.7B | |
Long Term Investments | 289M | 323M | 391M | 758M | 490M | 388.6M | |
Short Long Term Debt | 2.2B | 5.0B | 1.5B | 2.8B | 494M | 469.3M | |
Property Plant Equipment | 75.1B | 70.4B | 67.8B | 64.6B | 74.3B | 75.7B | |
Long Term Debt Total | 15.5B | 16.4B | 16.5B | 12.5B | 11.2B | 11.9B | |
Capital Surpluse | 566M | 591M | 612M | 571M | 656.7M | 634.1M |
Pair Trading with Suncor 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 Suncor 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 Suncor Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Suncor Stock
Moving against Suncor Stock
The ability to find closely correlated positions to Suncor 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 Suncor 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 Suncor 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 Suncor Energy to buy it.
The correlation of Suncor 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 Suncor Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Suncor 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 Suncor 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Suncor 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 estimate. To learn how to invest in Suncor Stock, please use our How to Invest in Suncor Energy guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.