Wesdome Historical Balance Sheet

WDO Stock

CAD 12.23 0.02 0.16%

Trend analysis of Wesdome Gold Mines balance sheet accounts such as Total Assets of 649.9 M, Short Long Term Debt Total of 44.6 M, Other Current Liabilities of 11.7 M or Total Current Liabilities of 93.6 M provides information on Wesdome Gold's total assets, liabilities, and equity, which is the actual value of Wesdome Gold Mines to its prevalent stockholders. By breaking down trends over time using Wesdome Gold 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

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Wesdome Gold Mines 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 Wesdome Gold Mines is a good buy for the upcoming year.

Wesdome Gold Inventory

29.45 Million

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wesdome Gold Mines. 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 Wesdome Balance Sheet Analysis

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

Wesdome Gold Balance Sheet Chart

At this time, Wesdome Gold's Net Debt is very stable compared to the past year. As of the 30th of November 2024, Retained Earnings is likely to grow to about 189.8 M, while Common Stock Shares Outstanding is likely to drop about 87.7 M.

Total Assets Short Long Term Debt Total Total Current Liabilities Retained Earnings

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Total Assets

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

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most accounts from Wesdome Gold's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Wesdome Gold Mines 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wesdome Gold Mines. 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)
Short and Long Term Debt Total	14.6M	64.0M	42.5M	44.6M
Total Assets	553.7M	619.1M	619.0M	649.9M

Short Long Term Debt Total Total Assets

Wesdome Gold balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Inventory	Common Stock Total Equity	Common Stock
Total Assets		0.84	0.27	0.95	1.0	1.0	0.06	0.97	0.94	0.74	1.0	-0.11	0.74	0.91	0.46	0.99	0.46	-0.07	0.99	0.98	0.94	0.84	0.58	0.81	0.81	0.88
Short Long Term Debt Total	0.84		0.26	0.96	0.81	0.86	0.53	0.79	0.89	0.37	0.86	-0.19	0.37	0.92	0.27	0.79	0.17	-0.01	0.89	0.87	0.65	0.99	0.37	0.72	0.57	0.72
Other Current Liab	0.27	0.26		0.31	0.29	0.28	0.36	0.25	0.32	-0.14	0.28	-0.07	-0.14	0.37	0.13	0.17	-0.14	-0.35	0.24	0.31	0.18	0.3	-0.3	0.64	-0.04	0.05
Total Current Liabilities	0.95	0.96	0.31		0.93	0.96	0.35	0.9	0.96	0.54	0.96	-0.09	0.54	0.96	0.37	0.9	0.32	-0.03	0.97	0.96	0.8	0.96	0.49	0.8	0.71	0.83
Total Stockholder Equity	1.0	0.81	0.29	0.93		0.99	0.01	0.97	0.92	0.76	0.99	-0.1	0.76	0.9	0.47	0.98	0.47	-0.1	0.98	0.98	0.94	0.81	0.57	0.81	0.81	0.88
Property Plant And Equipment Net	1.0	0.86	0.28	0.96	0.99		0.1	0.97	0.94	0.72	1.0	-0.09	0.72	0.92	0.44	0.98	0.42	-0.05	0.99	0.99	0.92	0.86	0.58	0.81	0.8	0.89
Net Debt	0.06	0.53	0.36	0.35	0.01	0.1		0.01	0.26	-0.58	0.1	-0.15	-0.58	0.35	-0.21	-0.04	-0.42	-0.03	0.14	0.18	-0.26	0.54	-0.33	0.26	-0.26	-0.07
Retained Earnings	0.97	0.79	0.25	0.9	0.97	0.97	0.01		0.91	0.74	0.97	-0.2	0.74	0.91	0.32	0.97	0.49	0.09	0.96	0.96	0.92	0.79	0.58	0.78	0.73	0.82
Accounts Payable	0.94	0.89	0.32	0.96	0.92	0.94	0.26	0.91		0.57	0.95	-0.07	0.57	0.95	0.46	0.92	0.48	-0.13	0.96	0.93	0.82	0.87	0.47	0.77	0.7	0.8
Cash	0.74	0.37	-0.14	0.54	0.76	0.72	-0.58	0.74	0.57		0.71	-0.02	1.0	0.5	0.49	0.8	0.62	0.02	0.7	0.64	0.91	0.36	0.71	0.41	0.84	0.77
Non Current Assets Total	1.0	0.86	0.28	0.96	0.99	1.0	0.1	0.97	0.95	0.71		-0.1	0.71	0.92	0.44	0.98	0.44	-0.07	0.99	0.99	0.91	0.86	0.57	0.81	0.79	0.88
Non Currrent Assets Other	-0.11	-0.19	-0.07	-0.09	-0.1	-0.09	-0.15	-0.2	-0.07	-0.02	-0.1		-0.02	-0.23	0.25	-0.14	0.01	-0.11	-0.12	-0.12	-0.13	-0.16	0.34	-0.27	0.19	0.09
Cash And Short Term Investments	0.74	0.37	-0.14	0.54	0.76	0.72	-0.58	0.74	0.57	1.0	0.71	-0.02		0.5	0.49	0.8	0.62	0.02	0.7	0.64	0.91	0.36	0.71	0.41	0.84	0.77
Net Receivables	0.91	0.92	0.37	0.96	0.9	0.92	0.35	0.91	0.95	0.5	0.92	-0.23	0.5		0.36	0.87	0.39	-0.07	0.93	0.91	0.79	0.92	0.36	0.82	0.62	0.74
Common Stock Shares Outstanding	0.46	0.27	0.13	0.37	0.47	0.44	-0.21	0.32	0.46	0.49	0.44	0.25	0.49	0.36		0.44	0.52	-0.72	0.42	0.34	0.52	0.24	0.21	0.29	0.71	0.63
Non Current Liabilities Total	0.99	0.79	0.17	0.9	0.98	0.98	-0.04	0.97	0.92	0.8	0.98	-0.14	0.8	0.87	0.44		0.51	-0.01	0.98	0.96	0.95	0.77	0.65	0.77	0.82	0.88
Other Current Assets	0.46	0.17	-0.14	0.32	0.47	0.42	-0.42	0.49	0.48	0.62	0.44	0.01	0.62	0.39	0.52	0.51		-0.22	0.43	0.35	0.58	0.15	0.31	0.1	0.5	0.44
Other Stockholder Equity	-0.07	-0.01	-0.35	-0.03	-0.1	-0.05	-0.03	0.09	-0.13	0.02	-0.07	-0.11	0.02	-0.07	-0.72	-0.01	-0.22		-0.02	0.0	-0.08	0.03	0.38	-0.13	-0.11	-0.06
Total Liab	0.99	0.89	0.24	0.97	0.98	0.99	0.14	0.96	0.96	0.7	0.99	-0.12	0.7	0.93	0.42	0.98	0.43	-0.02		0.98	0.91	0.88	0.59	0.8	0.79	0.88
Property Plant And Equipment Gross	0.98	0.87	0.31	0.96	0.98	0.99	0.18	0.96	0.93	0.64	0.99	-0.12	0.64	0.91	0.34	0.96	0.35	0.0	0.98		0.86	0.88	0.54	0.83	0.74	0.85
Total Current Assets	0.94	0.65	0.18	0.8	0.94	0.92	-0.26	0.92	0.82	0.91	0.91	-0.13	0.91	0.79	0.52	0.95	0.58	-0.08	0.91	0.86		0.64	0.62	0.74	0.85	0.86
Short Term Debt	0.84	0.99	0.3	0.96	0.81	0.86	0.54	0.79	0.87	0.36	0.86	-0.16	0.36	0.92	0.24	0.77	0.15	0.03	0.88	0.88	0.64		0.37	0.74	0.57	0.72
Current Deferred Revenue	0.58	0.37	-0.3	0.49	0.57	0.58	-0.33	0.58	0.47	0.71	0.57	0.34	0.71	0.36	0.21	0.65	0.31	0.38	0.59	0.54	0.62	0.37		0.24	0.72	0.69
Inventory	0.81	0.72	0.64	0.8	0.81	0.81	0.26	0.78	0.77	0.41	0.81	-0.27	0.41	0.82	0.29	0.77	0.1	-0.13	0.8	0.83	0.74	0.74	0.24		0.53	0.64
Common Stock Total Equity	0.81	0.57	-0.04	0.71	0.81	0.8	-0.26	0.73	0.7	0.84	0.79	0.19	0.84	0.62	0.71	0.82	0.5	-0.11	0.79	0.74	0.85	0.57	0.72	0.53		0.97
Common Stock	0.88	0.72	0.05	0.83	0.88	0.89	-0.07	0.82	0.8	0.77	0.88	0.09	0.77	0.74	0.63	0.88	0.44	-0.06	0.88	0.85	0.86	0.72	0.69	0.64	0.97

Click cells to compare fundamentals

Wesdome Gold Account Relationship Matchups

Wesdome Gold balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	285.7M	358.6M	553.7M	619.1M	619.0M	649.9M
Short Long Term Debt Total	13.3M	11.5M	14.6M	64.0M	42.5M	44.6M
Other Current Liab	5.2M	5.8M	7.4M	7.8M	11.1M	11.7M
Total Current Liabilities	28.1M	30.5M	53.4M	115.6M	89.1M	93.6M
Total Stockholder Equity	206.5M	262.9M	395.2M	398.5M	427.3M	448.7M
Property Plant And Equipment Net	223.4M	272.2M	427.6M	527.0M	525.5M	551.8M
Net Debt	(22.4M)	(52.0M)	(42.2M)	30.8M	1.1M	1.1M
Retained Earnings	26.1M	76.8M	201.6M	186.9M	180.8M	189.8M
Accounts Payable	14.1M	15.4M	32.7M	47.0M	31.7M	33.2M
Cash	35.7M	63.5M	56.8M	33.2M	41.4M	43.4M
Non Current Assets Total	225.1M	273.7M	460.7M	541.6M	536.7M	563.6M
Non Currrent Assets Other	988K	827K	12.1M	5.2M	8.6M	15.0M
Cash And Short Term Investments	35.7M	63.5M	56.8M	33.2M	41.4M	43.4M
Net Receivables	5.0M	4.7M	10.4M	17.8M	11.7M	12.3M
Common Stock Shares Outstanding	140.6M	142.6M	142.8M	142.4M	147.6M	87.7M
Liabilities And Stockholders Equity	285.7M	358.6M	553.7M	619.1M	619.0M	649.9M
Non Current Liabilities Total	51.2M	65.2M	105.2M	105.0M	102.5M	107.7M
Other Current Assets	1.1M	4.2M	8.0M	4.4M	1.1M	1.0M
Other Stockholder Equity	5.6M	6.5M	5.9M	7.4M	10.2M	9.7M
Total Liab	79.2M	95.7M	158.5M	220.6M	191.7M	201.2M
Property Plant And Equipment Gross	223.4M	272.2M	611.0M	756.3M	852.1M	894.7M
Total Current Assets	60.7M	84.9M	93.0M	77.5M	82.2M	86.3M
Short Term Debt	7.4M	5.9M	7.8M	60.9M	41.6M	43.7M
Inventory	19.7M	12.5M	17.9M	22.1M	28.0M	29.5M
Common Stock Total Equity	164.2M	166.4M	174.8M	179.5M	206.5M	165.7M
Common Stock	174.8M	179.5M	187.9M	205.4M	238.4M	182.2M
Other Liab	45.3M	59.6M	98.4M	101.9M	117.2M	123.0M
Net Tangible Assets	206.5M	262.9M	395.2M	398.5M	458.3M	481.2M
Other Assets	1.6M	1.5M	12.1M	2.6M	2.3M	2.2M
Property Plant Equipment	223.4M	272.2M	427.6M	527.0M	606.0M	636.4M
Long Term Debt Total	5.9M	5.6M	6.8M	3.1M	2.8M	4.5M
Capital Surpluse	5.6M	6.5M	5.9M	7.4M	8.5M	5.4M
Capital Lease Obligations	9.7M	11.5M	14.6M	9.3M	3.7M	3.5M
Net Invested Capital	210.1M	262.9M	395.2M	453.2M	466.0M	327.3M
Net Working Capital	32.6M	54.4M	39.7M	(38.0M)	(6.9M)	(6.5M)
Capital Stock	174.8M	179.5M	187.9M	205.4M	238.4M	211.3M

Pair Trading with Wesdome Gold

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 Wesdome Gold 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 Wesdome Gold will appreciate offsetting losses from the drop in the long position's value.

Moving against Wesdome Stock

0.57	GOOG	Alphabet CDR	Pair Corr
0.52	AMZN	Amazon CDR	Pair Corr
0.48	XOM	EXXON MOBIL CDR	Pair Corr
0.45	WMT	Walmart Inc CDR	Pair Corr
0.42	FDY	Faraday Copper Corp	Pair Corr

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

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

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Wesdome Historical Balance Sheet

Wesdome Gold Inventory

29.45 Million

About Wesdome Balance Sheet Analysis

Wesdome Gold Balance Sheet Chart

Total Assets

Total Current Liabilities

Retained Earnings

Wesdome Gold balance sheet Correlations

Wesdome Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wesdome Gold balance sheet Accounts

Pair Trading with Wesdome Gold

Moving against Wesdome Stock

Other Information on Investing in Wesdome Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
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
Non Current Liabilities Total	+ 0.99	Total Assets

Other Stockholder Equity	- 0.72	Common Stock Shares Outstanding
Cash And Short Term Investments	- 0.58	Net Debt
Cash	- 0.58	Net Debt
Other Current Assets	- 0.42	Net Debt
Other Stockholder Equity	- 0.35	Other Current Liab
Current Deferred Revenue	- 0.33	Net Debt