Eldorado Historical Balance Sheet

ELD Stock

CAD 21.94 1.24 5.35%

Trend analysis of Eldorado Gold Corp balance sheet accounts such as Total Current Liabilities of 287.9 M or Total Stockholder Equity of 2.2 B provides information on Eldorado Gold's total assets, liabilities, and equity, which is the actual value of Eldorado Gold Corp to its prevalent stockholders. By breaking down trends over time using Eldorado 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 Eldorado Gold 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 Eldorado Gold Corp is a good buy for the upcoming year.

Eldorado Gold Inventory

247.68 Million

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eldorado Gold 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.

About Eldorado Balance Sheet Analysis

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

Eldorado Gold Balance Sheet Chart

At this time, Eldorado Gold's Inventory is very stable compared to the past year. As of the 26th of November 2024, Other Current Assets is likely to grow to about 52.6 M, while Total Assets are likely to drop about 3 B.

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

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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.

Most accounts from Eldorado Gold's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Eldorado Gold 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eldorado Gold 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.

	2023	2024 (projected)
Common Stock Total Equity	2.8B	3.2B
Short Term Investments	4.0M	3.8M

Common Stock Total Equity Short Term Investments

Eldorado Gold balance sheet Correlations

	Total Assets	Short Long Term Debt Total	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	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Current Deferred Revenue	Short Term Debt	Other Assets	Good Will
Total Assets		0.62	0.47	1.0	0.99	-0.06	0.2	0.85	0.61	1.0	0.02	0.7	0.47	0.63	0.93	0.71	0.18	-0.19	0.95	0.51	0.7	0.29	0.05	0.0	0.67	0.7
Short Long Term Debt Total	0.62		0.41	0.56	0.65	0.35	-0.5	0.5	0.56	0.61	0.33	0.48	0.8	0.67	0.78	0.68	-0.01	0.03	0.76	0.72	0.67	0.57	0.22	-0.3	0.34	0.06
Total Current Liabilities	0.47	0.41		0.49	0.46	0.13	-0.14	0.72	0.28	0.47	0.55	0.18	0.62	0.55	0.33	0.85	0.63	0.1	0.44	0.7	0.51	0.69	-0.19	0.27	0.33	0.3
Total Stockholder Equity	1.0	0.56	0.49		0.97	-0.13	0.25	0.85	0.63	0.99	0.02	0.71	0.45	0.61	0.89	0.71	0.21	-0.17	0.92	0.49	0.71	0.26	0.04	0.06	0.7	0.74
Property Plant And Equipment Net	0.99	0.65	0.46	0.97		0.07	0.12	0.84	0.52	0.99	0.0	0.62	0.47	0.66	0.95	0.69	0.13	-0.18	0.97	0.5	0.62	0.27	0.13	0.01	0.61	0.62
Net Debt	-0.06	0.35	0.13	-0.13	0.07		-0.59	0.03	-0.58	0.01	0.05	-0.59	0.31	0.29	0.17	0.11	-0.1	0.03	0.17	0.23	-0.4	0.22	0.18	-0.18	-0.52	-0.41
Retained Earnings	0.2	-0.5	-0.14	0.25	0.12	-0.59		0.13	0.09	0.21	-0.31	0.14	-0.37	-0.54	-0.05	-0.11	0.14	-0.64	-0.05	-0.38	0.01	-0.35	-0.29	0.07	0.26	0.75
Accounts Payable	0.85	0.5	0.72	0.85	0.84	0.03	0.13		0.43	0.85	0.33	0.5	0.47	0.64	0.76	0.81	0.46	-0.18	0.83	0.63	0.59	0.47	-0.09	0.03	0.41	0.57
Cash	0.61	0.56	0.28	0.63	0.52	-0.58	0.09	0.43		0.54	0.25	0.94	0.44	0.34	0.54	0.53	0.1	0.0	0.53	0.45	0.96	0.32	0.0	-0.1	0.77	0.44
Non Current Assets Total	1.0	0.61	0.47	0.99	0.99	0.01	0.21	0.85	0.54		-0.01	0.63	0.47	0.61	0.93	0.7	0.17	-0.23	0.95	0.5	0.64	0.27	0.06	0.0	0.63	0.7
Non Currrent Assets Other	0.02	0.33	0.55	0.02	0.0	0.05	-0.31	0.33	0.25	-0.01		0.12	0.35	0.22	0.03	0.44	0.58	0.14	0.08	0.36	0.37	0.54	0.22	0.06	-0.03	-0.18
Cash And Short Term Investments	0.7	0.48	0.18	0.71	0.62	-0.59	0.14	0.5	0.94	0.63	0.12		0.27	0.44	0.64	0.42	0.0	0.04	0.63	0.32	0.87	0.19	0.04	-0.01	0.75	0.46
Net Receivables	0.47	0.8	0.62	0.45	0.47	0.31	-0.37	0.47	0.44	0.47	0.35	0.27		0.54	0.53	0.79	0.28	0.04	0.55	0.83	0.62	0.67	-0.08	-0.31	0.2	0.22
Common Stock Shares Outstanding	0.63	0.67	0.55	0.61	0.66	0.29	-0.54	0.64	0.34	0.61	0.22	0.44	0.54		0.7	0.62	0.15	0.51	0.75	0.65	0.49	0.47	0.17	0.11	0.32	0.01
Non Current Liabilities Total	0.93	0.78	0.33	0.89	0.95	0.17	-0.05	0.76	0.54	0.93	0.03	0.64	0.53	0.7		0.64	0.01	-0.16	0.99	0.55	0.63	0.34	0.14	-0.21	0.49	0.45
Inventory	0.71	0.68	0.85	0.71	0.69	0.11	-0.11	0.81	0.53	0.7	0.44	0.42	0.79	0.62	0.64		0.58	-0.02	0.7	0.87	0.75	0.71	-0.19	-0.08	0.48	0.46
Other Current Assets	0.18	-0.01	0.63	0.21	0.13	-0.1	0.14	0.46	0.1	0.17	0.58	0.0	0.28	0.15	0.01	0.58		0.06	0.09	0.44	0.29	0.41	-0.12	0.09	0.19	0.27
Other Stockholder Equity	-0.19	0.03	0.1	-0.17	-0.18	0.03	-0.64	-0.18	0.0	-0.23	0.14	0.04	0.04	0.51	-0.16	-0.02	0.06		-0.13	0.07	0.02	-0.01	0.33	0.38	0.05	-0.5
Total Liab	0.95	0.76	0.44	0.92	0.97	0.17	-0.05	0.83	0.53	0.95	0.08	0.63	0.55	0.75	0.99	0.7	0.09	-0.13		0.59	0.64	0.39	0.11	-0.13	0.5	0.47
Property Plant And Equipment Gross	0.51	0.72	0.7	0.49	0.5	0.23	-0.38	0.63	0.45	0.5	0.36	0.32	0.83	0.65	0.55	0.87	0.44	0.07	0.59		0.65	0.81	-0.26	-0.37	0.28	0.19
Total Current Assets	0.7	0.67	0.51	0.71	0.62	-0.4	0.01	0.59	0.96	0.64	0.37	0.87	0.62	0.49	0.63	0.75	0.29	0.02	0.64	0.65		0.5	-0.06	-0.09	0.75	0.47
Other Current Liab	0.29	0.57	0.69	0.26	0.27	0.22	-0.35	0.47	0.32	0.27	0.54	0.19	0.67	0.47	0.34	0.71	0.41	-0.01	0.39	0.81	0.5		-0.34	-0.38	0.09	0.05
Current Deferred Revenue	0.05	0.22	-0.19	0.04	0.13	0.18	-0.29	-0.09	0.0	0.06	0.22	0.04	-0.08	0.17	0.14	-0.19	-0.12	0.33	0.11	-0.26	-0.06	-0.34		0.27	0.08	-0.3
Short Term Debt	0.0	-0.3	0.27	0.06	0.01	-0.18	0.07	0.03	-0.1	0.0	0.06	-0.01	-0.31	0.11	-0.21	-0.08	0.09	0.38	-0.13	-0.37	-0.09	-0.38	0.27		0.29	-0.02
Other Assets	0.67	0.34	0.33	0.7	0.61	-0.52	0.26	0.41	0.77	0.63	-0.03	0.75	0.2	0.32	0.49	0.48	0.19	0.05	0.5	0.28	0.75	0.09	0.08	0.29		0.54
Good Will	0.7	0.06	0.3	0.74	0.62	-0.41	0.75	0.57	0.44	0.7	-0.18	0.46	0.22	0.01	0.45	0.46	0.27	-0.5	0.47	0.19	0.47	0.05	-0.3	-0.02	0.54

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Eldorado Gold Account Relationship Matchups

Eldorado Gold balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.6B	4.9B	4.9B	4.5B	5.0B	3.0B
Short Long Term Debt Total	504.8M	527.1M	511.9M	511.4M	658.8M	691.7M
Total Current Liabilities	221.7M	262.0M	206.7M	210.9M	274.2M	287.9M
Total Stockholder Equity	3.4B	3.6B	3.6B	3.2B	3.5B	2.2B
Property Plant And Equipment Net	4.1B	4.0B	4.0B	3.6B	3.8B	2.4B
Net Debt	327.0M	75.1M	30.6M	231.6M	118.3M	124.2M
Retained Earnings	(2.2B)	(2.1B)	(2.2B)	(2.6B)	(2.5B)	(2.4B)
Accounts Payable	67.1M	65.1M	71.0M	74.9M	93.3M	46.9M
Cash	177.7M	452.0M	481.3M	279.7M	540.5M	567.5M
Non Current Assets Total	4.2B	4.1B	4.2B	3.8B	4.1B	2.5B
Non Currrent Assets Other	32.3M	41.7M	4.2M	60.5M	88.4M	92.8M
Cash And Short Term Investments	184.8M	511.2M	481.5M	314.9M	544.4M	278.9M
Net Receivables	63.5M	53.7M	50.7M	67.0M	99.9M	104.9M
Common Stock Shares Outstanding	161.5M	175.2M	181.8M	183.4M	195.3M	98.9M
Liabilities And Stockholders Equity	4.6B	4.9B	4.9B	4.5B	5.0B	3.0B
Non Current Liabilities Total	953.4M	980.5M	1.1B	1.0B	1.2B	611.9M
Inventory	163.2M	176.3M	178.2M	198.9M	235.9M	247.7M
Other Current Assets	24.3M	5.7M	17.8M	51.7M	50.1M	52.6M
Other Stockholder Equity	2.6B	2.6B	2.6B	2.6B	2.6B	1.3B
Total Liab	1.2B	1.2B	1.3B	1.3B	1.5B	740.8M
Property Plant And Equipment Gross	4.1B	4.0B	7.2B	7.0B	7.4B	7.8B
Total Current Assets	435.9M	766.2M	728.2M	632.5M	930.4M	976.9M
Accumulated Other Comprehensive Income	(29.0M)	(30.3M)	(20.9M)	(42.3M)	(4.8M)	(5.0M)
Other Current Liab	4.3M	119.0M	128.4M	131.3M	166.9M	175.3M
Short Term Debt	76.6M	78.0M	7.2M	4.8M	5.0M	4.8M
Other Assets	32.3M	41.7M	46.8M	19.6M	22.5M	39.9M
Short Term Investments	7.1M	59.2M	163K	35.1M	4.0M	3.8M
Common Stock	3.1B	3.1B	3.2B	3.2B	3.4B	3.1B
Other Liab	525.2M	531.4M	579.5M	539.5M	485.6M	527.1M
Net Tangible Assets	3.3B	3.5B	3.5B	3.1B	2.8B	2.9B
Long Term Debt	413.1M	434.5M	489.8M	494.4M	641.7M	437.6M
Deferred Long Term Liab	2.9M	2.2M	2.0M	1.5M	1.3M	1.3M
Property Plant Equipment	4.1B	4.0B	4.0B	3.6B	3.2B	3.5B
Long Term Debt Total	428.2M	449.1M	504.7M	506.6M	455.9M	426.6M
Capital Surpluse	2.6B	2.6B	2.6B	2.6B	3.0B	2.5B

Pair Trading with Eldorado 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 Eldorado 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 Eldorado Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eldorado Stock

0.63

ORE

Orezone Gold Corp

Pair Corr

Moving against Eldorado Stock

0.41	TSLA	Tesla Inc CDR	Pair Corr
0.36	BRK	Berkshire Hathaway CDR	Pair Corr

The ability to find closely correlated positions to Eldorado 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 Eldorado 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 Eldorado 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 Eldorado Gold Corp to buy it.

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

When determining whether Eldorado Gold Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eldorado Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eldorado Gold Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eldorado Gold Corp Stock:

How To Invest In Eldorado

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Is Eldorado Stock a good investment?

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What is Eldorado Gold's Net Worth?

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Please note, there is a significant difference between Eldorado Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eldorado Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eldorado Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Eldorado Historical Balance Sheet

Eldorado Gold Inventory

247.68 Million

About Eldorado Balance Sheet Analysis

Eldorado Gold Balance Sheet Chart

Common Stock Shares Outstanding

Eldorado Gold balance sheet Correlations

Eldorado Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eldorado Gold balance sheet Accounts

Pair Trading with Eldorado Gold

Moving together with Eldorado Stock

Moving against Eldorado Stock

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

Other Stockholder Equity	- 0.64	Retained Earnings
Cash And Short Term Investments	- 0.59	Net Debt
Retained Earnings	- 0.59	Net Debt
Cash	- 0.58	Net Debt
Common Stock Shares Outstanding	- 0.54	Retained Earnings
Other Assets	- 0.52	Net Debt