Alta Historical Balance Sheet
| ATCU Stock | 0.48 0.01 2.13% |
Trend analysis of Alta Copper Corp balance sheet accounts such as Total Current Liabilities of 1.3 M, Total Stockholder Equity of 71.2 M or Cash of 272.5 K provides information on Alta Copper's total assets, liabilities, and equity, which is the actual value of Alta Copper Corp to its prevalent stockholders. By breaking down trends over time using Alta Copper 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 Alta Copper Corp 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 Alta Copper Corp is a good buy for the upcoming year.
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About Alta Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Alta Copper Corp at a specified time, usually calculated after every quarter, six months, or one year. Alta Copper Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Alta Copper 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 Alta currently owns. An asset can also be divided into two categories, current and non-current.
Alta Copper Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Alta Copper 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 Alta Copper Corp 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 Alta Copper balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Alta Copper Corp 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.Long Term Debt
Long-term debt is a debt that Alta Copper Corp has held for over one year. Long-term debt appears on Alta Copper Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Alta Copper Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most accounts from Alta Copper's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Alta Copper Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Alta Copper Corp. 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. As of the 2nd of December 2024, Long Term Debt Total is likely to grow to about 60.5 K, while Total Assets are likely to drop about 72.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Current Liabilities | 499.3K | 2.2M | 2.6M | 1.3M | Total Assets | 66.0M | 66.9M | 77.0M | 72.6M |
Alta Copper balance sheet Correlations
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Alta Copper Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Alta Copper
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 Alta Copper 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 Alta Copper will appreciate offsetting losses from the drop in the long position's value.Moving together with Alta Stock
Moving against Alta Stock
The ability to find closely correlated positions to Alta Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alta Copper 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 Alta Copper - 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 Alta Copper Corp to buy it.
The correlation of Alta Copper 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 Alta Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alta Copper Corp 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 Alta Copper 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 Alta Stock
Balance Sheet is a snapshot of the financial position of Alta Copper Corp at a specified time, usually calculated after every quarter, six months, or one year. Alta Copper Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Alta Copper 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 Alta currently owns. An asset can also be divided into two categories, current and non-current.