Triple Historical Balance Sheet
TFPM Stock | 23.31 0.10 0.43% |
Trend analysis of Triple Flag Precious balance sheet accounts such as Total Stockholder Equity of 1.9 B, Property Plant And Equipment Net of 994.9 M, Net Debt of 39.7 M or Retained Earnings of 49.2 M provides information on Triple Flag's total assets, liabilities, and equity, which is the actual value of Triple Flag Precious to its prevalent stockholders. By breaking down trends over time using Triple Flag 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 Triple Flag Precious 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 Triple Flag Precious is a good buy for the upcoming year.
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About Triple Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Triple Flag Precious at a specified time, usually calculated after every quarter, six months, or one year. Triple Flag Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Triple Flag 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 Triple currently owns. An asset can also be divided into two categories, current and non-current.
Triple Flag Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Triple Flag balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Triple Flag Precious 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 Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most accounts from Triple Flag's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Triple Flag Precious 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 Triple Flag Precious. 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, Triple Flag's Other Current Assets are very stable compared to the past year. As of the 27th of November 2024, Total Liabilities is likely to grow to about 128.8 M, while Total Assets are likely to drop about 1.1 B.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 1.1M | 1.9M | 59.1M | 56.2M | Total Assets | 1.3B | 1.3B | 1.9B | 1.1B |
Triple Flag balance sheet Correlations
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Triple Flag Account Relationship Matchups
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Triple Flag balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 658.0M | 1.3B | 1.3B | 1.3B | 1.9B | 1.1B | |
Short Long Term Debt Total | 58.6M | 276.4M | 1.1M | 1.9M | 59.1M | 56.2M | |
Other Current Liab | 2.9M | 3.1M | 4.9M | 11.3M | 16.3M | 17.1M | |
Total Current Liabilities | 3.8M | 4.1M | 5.3M | 12.6M | 17.3M | 16.4M | |
Total Stockholder Equity | 593.6M | 1.0B | 1.3B | 1.3B | 1.8B | 1.9B | |
Property Plant And Equipment Net | 607.5M | 1.2B | 1.2B | 1.2B | 1.8B | 994.9M | |
Net Debt | 47.8M | 255.7M | (39.5M) | (69.2M) | 41.8M | 39.7M | |
Retained Earnings | (45.5M) | 10.0M | 40.3M | 63.7M | 46.8M | 49.2M | |
Cash | 10.8M | 20.6M | 40.7M | 71.1M | 17.4M | 23.9M | |
Non Current Assets Total | 613.3M | 1.2B | 1.2B | 1.2B | 1.8B | 1.0B | |
Non Currrent Assets Other | 5.7M | 9.9M | 1.8M | 13.5M | 55.0M | 57.8M | |
Cash And Short Term Investments | 29.7M | 38.5M | 51.3M | 76.5M | 31.3M | 36.8M | |
Liabilities And Stockholders Equity | 658.0M | 1.3B | 1.3B | 1.3B | 1.9B | 1.1B | |
Other Current Assets | 2.2M | 1.4M | 3.6M | 5.8M | 1.2M | 2.2M | |
Total Liab | 64.3M | 282.0M | 8.8M | 18.6M | 83.7M | 128.8M | |
Total Current Assets | 44.6M | 58.6M | 72.4M | 90.6M | 57.0M | 53.4M | |
Intangible Assets | 125.3K | 95K | 65K | 35K | 31.5K | 29.9K | |
Common Stock | 639.2M | 1.0B | 1.3B | 1.3B | 1.7B | 876.2M | |
Net Tangible Assets | 593.6M | 1.0B | 1.3B | 1.3B | 1.5B | 849.4M | |
Net Receivables | 10.7M | 10.1M | 16.1M | 8.3M | 23.1M | 13.5M | |
Short Term Investments | 18.9M | 17.9M | 10.7M | 5.4M | 13.9M | 10.8M | |
Inventory | 2.1M | 8.5M | 1.4M | 0.0 | 1.4M | 2.1M | |
Property Plant Equipment | 607.5M | 1.2B | 1.2B | 1.2B | 1.4B | 955.6M | |
Other Liab | 2.2M | 1.4M | 3.5M | 4.3M | 5.0M | 2.7M | |
Accounts Payable | 674K | 775K | 147K | 1.0M | 628K | 697.8K | |
Other Assets | 5.8M | 11.9M | 4.4M | 16.2M | 18.6M | 19.5M | |
Non Current Liabilities Total | 60.5M | 277.9M | 3.5M | 6.0M | 66.4M | 71.2M | |
Capital Lease Obligations | 1.6M | 1.4M | 1.1M | 1.9M | 2.1M | 1.5M | |
Deferred Long Term Liab | 2.9M | 4.1M | 1.8M | 2.4M | 2.8M | 2.8M | |
Net Invested Capital | 650.6M | 1.3B | 1.3B | 1.3B | 1.9B | 1.3B | |
Net Working Capital | 40.8M | 54.5M | 67.1M | 78.0M | 39.7M | 57.8M |
Pair Trading with Triple Flag
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 Triple Flag 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 Triple Flag will appreciate offsetting losses from the drop in the long position's value.Moving together with Triple Stock
Moving against Triple Stock
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The ability to find closely correlated positions to Triple Flag could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Triple Flag 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 Triple Flag - 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 Triple Flag Precious to buy it.
The correlation of Triple Flag 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 Triple Flag moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Triple Flag Precious 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 Triple Flag 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 Triple Flag Precious. 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. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.