Boralex Historical Balance Sheet

BLX Stock

CAD 30.12 0.28 0.94%

Trend analysis of Boralex balance sheet accounts such as Total Assets of 6.9 B, Short and Long Term Debt Total of 3.8 B or Other Current Liab of 5.7 M provides information on Boralex's total assets, liabilities, and equity, which is the actual value of Boralex to its prevalent stockholders. By breaking down trends over time using Boralex 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

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

Boralex Inventory

19.35 Million

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boralex. 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 Boralex Balance Sheet Analysis

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

Boralex Balance Sheet Chart

At this time, Boralex's Net Debt is very stable compared to the past year. As of the 26th of November 2024, Retained Earnings is likely to grow to about 192.2 M, while Common Stock Shares Outstanding is likely to drop about 54.1 M.

Common Stock Shares Outstanding Total Assets Short Long Term Debt Total Other Current Liab

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Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Total Assets

Total assets refers to the total amount of Boralex 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 Boralex 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.

Most accounts from Boralex's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Boralex 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 Boralex. 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	3.9B	3.6B	3.6B	3.8B
Total Assets	5.8B	6.5B	6.6B	6.9B

Short Long Term Debt Total Total Assets

Boralex balance sheet Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Current Assets
Common Stock Shares Outstanding		0.85	0.89	0.38	0.7	0.73	0.88	0.38	0.9	-0.47	0.69	0.58	0.86	0.55	0.59	0.78	0.85	0.89	0.1	-0.39	0.89	0.8	0.7	0.73	0.84	0.67
Total Assets	0.85		0.97	0.24	0.9	0.96	0.99	0.64	0.95	-0.18	0.55	0.87	1.0	0.6	0.87	0.98	0.99	0.98	0.03	-0.43	0.99	0.98	0.94	0.87	0.98	0.56
Short Long Term Debt Total	0.89	0.97		0.21	0.82	0.87	0.99	0.5	1.0	-0.39	0.65	0.75	0.98	0.49	0.75	0.91	0.97	1.0	0.04	-0.46	1.0	0.93	0.85	0.85	0.96	0.64
Other Current Liab	0.38	0.24	0.21		0.36	0.26	0.23	-0.13	0.21	-0.02	0.4	0.15	0.24	0.55	0.15	0.24	0.21	0.21	0.28	-0.08	0.24	0.19	0.24	0.29	0.21	0.08
Total Current Liabilities	0.7	0.9	0.82	0.36		0.93	0.86	0.7	0.79	0.13	0.29	0.82	0.89	0.68	0.82	0.93	0.84	0.81	0.25	-0.39	0.86	0.89	0.93	0.89	0.84	0.39
Total Stockholder Equity	0.73	0.96	0.87	0.26	0.93		0.92	0.72	0.83	0.08	0.38	0.94	0.95	0.69	0.95	0.99	0.94	0.88	-0.03	-0.34	0.91	0.97	0.97	0.83	0.94	0.41
Property Plant And Equipment Net	0.88	0.99	0.99	0.23	0.86	0.92		0.58	0.98	-0.3	0.61	0.81	1.0	0.55	0.81	0.95	0.98	0.99	0.03	-0.46	1.0	0.96	0.89	0.85	0.98	0.61
Current Deferred Revenue	0.38	0.64	0.5	-0.13	0.7	0.72	0.58		0.46	0.31	-0.02	0.7	0.63	0.61	0.7	0.68	0.59	0.52	0.01	-0.25	0.56	0.74	0.7	0.53	0.59	0.24
Net Debt	0.9	0.95	1.0	0.21	0.79	0.83	0.98	0.46		-0.45	0.66	0.69	0.96	0.46	0.7	0.88	0.95	0.99	0.05	-0.48	0.99	0.9	0.81	0.85	0.94	0.66
Retained Earnings	-0.47	-0.18	-0.39	-0.02	0.13	0.08	-0.3	0.31	-0.45		-0.67	0.22	-0.21	0.25	0.2	-0.01	-0.25	-0.38	-0.1	0.33	-0.31	-0.11	0.08	-0.08	-0.23	-0.38
Accounts Payable	0.69	0.55	0.65	0.4	0.29	0.38	0.61	-0.02	0.66	-0.67		0.36	0.57	0.2	0.36	0.4	0.59	0.66	-0.01	-0.24	0.62	0.52	0.4	0.36	0.59	0.58
Cash	0.58	0.87	0.75	0.15	0.82	0.94	0.81	0.7	0.69	0.22	0.36		0.85	0.57	1.0	0.91	0.87	0.77	-0.11	-0.19	0.8	0.9	0.95	0.67	0.88	0.33
Non Current Assets Total	0.86	1.0	0.98	0.24	0.89	0.95	1.0	0.63	0.96	-0.21	0.57	0.85		0.6	0.85	0.97	0.99	0.98	0.01	-0.44	0.99	0.98	0.92	0.87	0.98	0.57
Non Currrent Assets Other	0.55	0.6	0.49	0.55	0.68	0.69	0.55	0.61	0.46	0.25	0.2	0.57	0.6		0.57	0.65	0.52	0.49	-0.13	-0.2	0.53	0.64	0.57	0.64	0.52	0.32
Cash And Short Term Investments	0.59	0.87	0.75	0.15	0.82	0.95	0.81	0.7	0.7	0.2	0.36	1.0	0.85	0.57		0.91	0.87	0.78	-0.11	-0.19	0.8	0.9	0.95	0.67	0.88	0.33
Net Receivables	0.78	0.98	0.91	0.24	0.93	0.99	0.95	0.68	0.88	-0.01	0.4	0.91	0.97	0.65	0.91		0.96	0.92	-0.01	-0.38	0.94	0.97	0.96	0.85	0.96	0.49
Common Stock Total Equity	0.85	0.99	0.97	0.21	0.84	0.94	0.98	0.59	0.95	-0.25	0.59	0.87	0.99	0.52	0.87	0.96		0.98	0.01	-0.42	0.98	0.97	0.92	0.8	1.0	0.52
Non Current Liabilities Total	0.89	0.98	1.0	0.21	0.81	0.88	0.99	0.52	0.99	-0.38	0.66	0.77	0.98	0.49	0.78	0.92	0.98		0.02	-0.46	1.0	0.94	0.86	0.83	0.97	0.64
Inventory	0.1	0.03	0.04	0.28	0.25	-0.03	0.03	0.01	0.05	-0.1	-0.01	-0.11	0.01	-0.13	-0.11	-0.01	0.01	0.02		-0.16	0.06	-0.03	0.14	0.08	0.0	-0.14
Other Stockholder Equity	-0.39	-0.43	-0.46	-0.08	-0.39	-0.34	-0.46	-0.25	-0.48	0.33	-0.24	-0.19	-0.44	-0.2	-0.19	-0.38	-0.42	-0.46	-0.16		-0.46	-0.41	-0.3	-0.39	-0.37	-0.26
Total Liab	0.89	0.99	1.0	0.24	0.86	0.91	1.0	0.56	0.99	-0.31	0.62	0.8	0.99	0.53	0.8	0.94	0.98	1.0	0.06	-0.46		0.96	0.89	0.86	0.97	0.62
Property Plant And Equipment Gross	0.8	0.98	0.93	0.19	0.89	0.97	0.96	0.74	0.9	-0.11	0.52	0.9	0.98	0.64	0.9	0.97	0.97	0.94	-0.03	-0.41	0.96		0.94	0.82	0.97	0.53
Total Current Assets	0.7	0.94	0.85	0.24	0.93	0.97	0.89	0.7	0.81	0.08	0.4	0.95	0.92	0.57	0.95	0.96	0.92	0.86	0.14	-0.3	0.89	0.94		0.77	0.93	0.41
Short Term Debt	0.73	0.87	0.85	0.29	0.89	0.83	0.85	0.53	0.85	-0.08	0.36	0.67	0.87	0.64	0.67	0.85	0.8	0.83	0.08	-0.39	0.86	0.82	0.77		0.79	0.46
Common Stock	0.84	0.98	0.96	0.21	0.84	0.94	0.98	0.59	0.94	-0.23	0.59	0.88	0.98	0.52	0.88	0.96	1.0	0.97	0.0	-0.37	0.97	0.97	0.93	0.79		0.51
Other Current Assets	0.67	0.56	0.64	0.08	0.39	0.41	0.61	0.24	0.66	-0.38	0.58	0.33	0.57	0.32	0.33	0.49	0.52	0.64	-0.14	-0.26	0.62	0.53	0.41	0.46	0.51

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Boralex Account Relationship Matchups

Boralex balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	90.6M	98.7M	102.8M	102.8M	102.8M	54.1M
Total Assets	4.6B	5.3B	5.8B	6.5B	6.6B	6.9B
Short Long Term Debt Total	3.3B	3.8B	3.9B	3.6B	3.6B	3.8B
Other Current Liab	3M	252M	14M	330M	6M	5.7M
Total Current Liabilities	304M	403M	395M	821M	715M	750.8M
Total Stockholder Equity	860M	989M	1.0B	1.7B	1.6B	1.7B
Property Plant And Equipment Net	3.0B	3.4B	3.6B	3.7B	3.7B	3.9B
Current Deferred Revenue	94M	82M	(252M)	374M	430.1M	451.6M
Net Debt	3.1B	3.5B	3.7B	3.2B	3.1B	3.3B
Retained Earnings	(233M)	(249M)	(299M)	174M	183M	192.2M
Accounts Payable	36M	161M	145M	57M	38M	40.1M
Cash	153M	275M	256M	361M	478M	501.9M
Non Current Assets Total	4.2B	4.8B	5.3B	5.9B	5.8B	6.1B
Non Currrent Assets Other	19M	21M	90M	369M	121M	71.0M
Cash And Short Term Investments	170M	275M	259M	361M	478M	501.9M
Net Receivables	153M	157M	148M	234M	236M	247.8M
Common Stock Total Equity	733M	984M	1.1B	1.3B	1.5B	1.6B
Liabilities And Stockholders Equity	4.6B	5.3B	5.8B	6.5B	6.6B	6.9B
Non Current Liabilities Total	3.4B	3.9B	4.1B	3.7B	3.8B	4.0B
Inventory	15M	2M	3M	13M	22M	19.4M
Total Liab	3.7B	4.3B	4.5B	4.5B	4.6B	4.8B
Property Plant And Equipment Gross	3.0B	3.4B	4.9B	5.1B	5.4B	5.7B
Total Current Assets	363M	472M	460M	638M	771M	809.6M
Accumulated Other Comprehensive Income	(41M)	(91M)	(29M)	174M	112M	117.6M
Short Term Debt	183M	242M	236M	434M	297M	311.9M
Common Stock	984M	1.1B	1.3B	1.3B	1.5B	1.6B
Other Current Assets	25M	38M	50M	30M	35M	20.3M
Intangible Assets	700M	1.0B	1.1B	1.1B	986M	645.5M
Good Will	188M	222M	218M	233M	234M	162.7M
Other Liab	255M	308M	441M	503M	578.5M	607.4M
Net Tangible Assets	(28M)	(260M)	(364M)	389M	447.4M	469.7M
Other Assets	80M	84M	148M	369M	424.4M	445.6M
Long Term Debt	2.9B	3.3B	3.4B	2.9B	3.0B	2.6B
Long Term Investments	312M	144M	140M	565M	526M	552.3M
Short Long Term Debt	172M	229M	220M	416M	277M	245.3M
Property Plant Equipment	3.0B	3.4B	3.6B	3.7B	4.2B	2.7B
Long Term Debt Total	3.1B	3.5B	3.7B	3.2B	3.6B	3.0B

Pair Trading with Boralex

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

Moving against Boralex Stock

0.56	JPM	JPMorgan Chase	Pair Corr
0.46	BOFA	Bank of America	Pair Corr
0.43	RY-PS	Royal Bank	Pair Corr
0.41	RY-PO	Royal Bank	Pair Corr
0.37	RY-PM	Royal Bank	Pair Corr

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

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

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Boralex Historical Balance Sheet

Boralex Inventory

19.35 Million

About Boralex Balance Sheet Analysis

Boralex Balance Sheet Chart

Common Stock Shares Outstanding

Total Assets

Boralex balance sheet Correlations

Boralex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Boralex balance sheet Accounts

Pair Trading with Boralex

Moving against Boralex Stock

Other Information on Investing in Boralex Stock

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net

Accounts Payable	- 0.67	Retained Earnings
Other Stockholder Equity	- 0.48	Net Debt
Retained Earnings	- 0.47	Common Stock Shares Outstanding
Total Liab	- 0.46	Other Stockholder Equity
Other Stockholder Equity	- 0.46	Non Current Liabilities Total
Other Stockholder Equity	- 0.46	Property Plant And Equipment Net