Erdene Historical Balance Sheet

ERD Stock

CAD 0.59 0.01 1.67%

Trend analysis of Erdene Resource Development balance sheet accounts such as Other Assets of 0.0 or Common Stock Total Equity of 165 M provides information on Erdene Resource's total assets, liabilities, and equity, which is the actual value of Erdene Resource Deve to its prevalent stockholders. By breaking down trends over time using Erdene Resource 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.

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

Erdene Resource Inventory

(91,047.24)

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erdene Resource Development. 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 Erdene Balance Sheet Analysis

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

Erdene Resource Balance Sheet Chart

At this time, Erdene Resource's Net Tangible Assets are very stable compared to the past year. As of the 1st of December 2024, Property Plant Equipment is likely to grow to about 52.6 M, while Total Assets are likely to drop about 30 M.

Total Assets Total Stockholder Equity Common Stock Total Equity Common Stock Shares Outstanding

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Total Assets

Total assets refers to the total amount of Erdene Resource 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 Erdene Resource Deve 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 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.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

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 Erdene Resource's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Erdene Resource Deve 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 Erdene Resource Development. 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)
Total Stockholder Equity	45.7M	51.6M	58.9M	61.8M
Total Assets	46.5M	52.5M	59.1M	30.0M

Total Stockholder Equity Total Assets

Erdene Resource balance sheet Correlations

	Total Assets	Total Stockholder Equity	Retained Earnings	Common Stock Total Equity	Common Stock Shares Outstanding	Total Liab	Common Stock	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Other Current Assets	Other Stockholder Equity	Property Plant And Equipment Gross	Total Current Assets	Accounts Payable	Short Term Investments	Short Term Debt	Good Will	Intangible Assets	Non Current Liabilities Total
Total Assets		0.91	-0.54	0.66	0.71	0.29	0.54	0.46	0.57	0.65	-0.7	0.75	0.9	0.38	0.75	0.09	0.71	0.83	0.65	0.8	0.59	0.43	-0.2	-0.43	-0.35	-0.02
Total Stockholder Equity	0.91		-0.59	0.75	0.84	0.12	0.51	0.35	0.38	0.45	-0.69	0.68	0.99	0.64	0.68	-0.06	0.86	0.81	0.46	0.74	0.4	0.44	-0.2	-0.66	-0.32	-0.14
Retained Earnings	-0.54	-0.59		-0.89	-0.85	0.15	-0.88	-0.62	-0.13	-0.25	0.49	-0.55	-0.54	-0.38	-0.55	0.24	-0.62	-0.89	-0.25	-0.59	-0.04	-0.77	-0.06	0.7	0.72	0.6
Common Stock Total Equity	0.66	0.75	-0.89		0.8	0.0	0.67	0.36	0.27	0.28	-0.52	0.53	0.73	0.53	0.53	-0.06	0.66	0.84	0.28	0.57	0.18	0.89	0.0	-0.88	-0.81	-0.55
Common Stock Shares Outstanding	0.71	0.84	-0.85	0.8		-0.13	0.8	0.54	0.08	0.22	-0.57	0.6	0.81	0.67	0.6	-0.39	0.9	0.9	0.22	0.66	0.05	0.49	-0.06	-0.71	-0.37	-0.36
Total Liab	0.29	0.12	0.15	0.0	-0.13		-0.2	0.09	0.61	0.45	0.15	0.19	0.21	-0.19	0.19	0.47	-0.19	-0.06	0.45	0.17	0.64	0.11	-0.12	0.05	-0.15	0.76
Common Stock	0.54	0.51	-0.88	0.67	0.8	-0.2		0.74	0.02	0.28	-0.5	0.57	0.44	0.26	0.57	-0.45	0.58	0.87	0.28	0.61	-0.06	0.5	0.1	-0.42	-0.45	-0.47
Other Current Liab	0.46	0.35	-0.62	0.36	0.54	0.09	0.74		0.37	0.65	-0.48	0.65	0.28	-0.21	0.65	-0.14	0.32	0.66	0.65	0.66	0.35	0.21	0.02	-0.01	-0.26	-0.12
Total Current Liabilities	0.57	0.38	-0.13	0.27	0.08	0.61	0.02	0.37		0.86	-0.4	0.53	0.39	-0.33	0.52	0.56	0.1	0.32	0.86	0.53	0.97	0.28	0.11	0.03	-0.36	0.23
Property Plant And Equipment Net	0.65	0.45	-0.25	0.28	0.22	0.45	0.28	0.65	0.86		-0.57	0.67	0.43	-0.39	0.67	0.41	0.17	0.46	1.0	0.68	0.88	0.22	-0.11	0.1	-0.31	0.13
Net Debt	-0.7	-0.69	0.49	-0.52	-0.57	0.15	-0.5	-0.48	-0.4	-0.57		-0.9	-0.59	-0.14	-0.9	-0.06	-0.48	-0.71	-0.57	-0.9	-0.41	-0.23	0.12	0.23	0.21	0.33
Cash	0.75	0.68	-0.55	0.53	0.6	0.19	0.57	0.65	0.53	0.67	-0.9		0.6	0.08	1.0	0.07	0.42	0.75	0.67	0.99	0.54	0.27	-0.14	-0.21	-0.26	-0.05
Non Current Assets Total	0.9	0.99	-0.54	0.73	0.81	0.21	0.44	0.28	0.39	0.43	-0.59	0.6		0.66	0.6	-0.03	0.85	0.75	0.43	0.65	0.41	0.45	-0.21	-0.68	-0.32	-0.06
Non Currrent Assets Other	0.38	0.64	-0.38	0.53	0.67	-0.19	0.26	-0.21	-0.33	-0.39	-0.14	0.08	0.66		0.08	-0.41	0.74	0.41	-0.39	0.13	-0.33	0.27	-0.12	-0.77	-0.07	-0.19
Cash And Short Term Investments	0.75	0.68	-0.55	0.53	0.6	0.19	0.57	0.65	0.52	0.67	-0.9	1.0	0.6	0.08		0.07	0.42	0.75	0.67	0.99	0.54	0.27	-0.14	-0.22	-0.26	-0.05
Net Receivables	0.09	-0.06	0.24	-0.06	-0.39	0.47	-0.45	-0.14	0.56	0.41	-0.06	0.07	-0.03	-0.41	0.07		-0.41	-0.21	0.41	0.04	0.61	0.18	-0.28	0.13	-0.27	0.2
Other Current Assets	0.71	0.86	-0.62	0.66	0.9	-0.19	0.58	0.32	0.1	0.17	-0.48	0.42	0.85	0.74	0.42	-0.41		0.76	0.18	0.5	0.09	0.3	-0.04	-0.64	-0.16	-0.29
Other Stockholder Equity	0.83	0.81	-0.89	0.84	0.9	-0.06	0.87	0.66	0.32	0.46	-0.71	0.75	0.75	0.41	0.75	-0.21	0.76		0.47	0.8	0.27	0.6	-0.02	-0.57	-0.52	-0.42
Property Plant And Equipment Gross	0.65	0.46	-0.25	0.28	0.22	0.45	0.28	0.65	0.86	1.0	-0.57	0.67	0.43	-0.39	0.67	0.41	0.18	0.47		0.68	0.88	0.22	-0.11	0.09	-0.31	0.12
Total Current Assets	0.8	0.74	-0.59	0.57	0.66	0.17	0.61	0.66	0.53	0.68	-0.9	0.99	0.65	0.13	0.99	0.04	0.5	0.8	0.68		0.55	0.29	-0.14	-0.25	-0.27	-0.08
Accounts Payable	0.59	0.4	-0.04	0.18	0.05	0.64	-0.06	0.35	0.97	0.88	-0.41	0.54	0.41	-0.33	0.54	0.61	0.09	0.27	0.88	0.55		0.17	-0.12	0.09	-0.24	0.33
Short Term Investments	0.43	0.44	-0.77	0.89	0.49	0.11	0.5	0.21	0.28	0.22	-0.23	0.27	0.45	0.27	0.27	0.18	0.3	0.6	0.22	0.29	0.17		0.03	-0.78	-0.98	-0.54
Short Term Debt	-0.2	-0.2	-0.06	0.0	-0.06	-0.12	0.1	0.02	0.11	-0.11	0.12	-0.14	-0.21	-0.12	-0.14	-0.28	-0.04	-0.02	-0.11	-0.14	-0.12	0.03		0.05	-0.06	-0.16
Good Will	-0.43	-0.66	0.7	-0.88	-0.71	0.05	-0.42	-0.01	0.03	0.1	0.23	-0.21	-0.68	-0.77	-0.22	0.13	-0.64	-0.57	0.09	-0.25	0.09	-0.78	0.05		0.66	0.46
Intangible Assets	-0.35	-0.32	0.72	-0.81	-0.37	-0.15	-0.45	-0.26	-0.36	-0.31	0.21	-0.26	-0.32	-0.07	-0.26	-0.27	-0.16	-0.52	-0.31	-0.27	-0.24	-0.98	-0.06	0.66		0.52
Non Current Liabilities Total	-0.02	-0.14	0.6	-0.55	-0.36	0.76	-0.47	-0.12	0.23	0.13	0.33	-0.05	-0.06	-0.19	-0.05	0.2	-0.29	-0.42	0.12	-0.08	0.33	-0.54	-0.16	0.46	0.52

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Erdene Resource Account Relationship Matchups

Erdene Resource balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	27.0M	42.8M	46.5M	52.5M	59.1M	30.0M
Total Stockholder Equity	20.0M	42.1M	45.7M	51.6M	58.9M	61.8M
Retained Earnings	(104.4M)	(117.5M)	(123.0M)	(129.0M)	(128.5M)	(122.1M)
Common Stock Shares Outstanding	178.5M	216.5M	276.1M	306.2M	346.0M	363.3M
Liabilities And Stockholders Equity	27.0M	42.8M	46.5M	52.5M	59.1M	30.0M
Total Liab	7.0M	695.9K	812.3K	909.0K	186.2K	176.8K
Common Stock	109.5M	136.6M	145.2M	157.9M	158.1M	91.1M
Total Current Liabilities	617.7K	610.2K	726.0K	886.1K	186.2K	176.8K
Property Plant And Equipment Net	21.7M	29.7M	38.4M	43.7M	2.0M	1.9M
Net Debt	1.3M	(12.7M)	(6.9M)	(7.3M)	(4.3M)	(4.5M)
Cash	5.1M	12.8M	7.1M	7.4M	4.3M	4.2M
Non Current Assets Total	21.7M	29.7M	38.4M	43.7M	53.3M	55.9M
Non Currrent Assets Other	(21.58)	(24.69)	(49.22)	(126.4)	2.0M	2.1M
Cash And Short Term Investments	5.1M	12.8M	7.1M	7.4M	4.3M	4.3M
Net Receivables	70.4K	89.3K	23.8K	76.6K	6.7K	6.4K
Other Current Assets	69.0K	212.5K	1.0M	1.4M	1.5M	1.5M
Other Stockholder Equity	16.8M	25.9M	26.6M	28.7M	30.1M	20.0M
Property Plant And Equipment Gross	21.7M	29.7M	38.7M	43.9M	2.1M	2.0M
Total Current Assets	5.2M	13.1M	8.1M	8.9M	5.8M	4.7M
Accounts Payable	592.0K	582.4K	660.5K	826.4K	163.2K	155.1K
Accumulated Other Comprehensive Income	(2.0M)	(3.0M)	(3.0M)	(6.0M)	(849.6K)	(892.1K)
Short Term Debt	25.7K	27.9K	65.6K	59.7K	22.9K	21.8K
Intangible Assets	21.58	24.69	49.22	126.4	18.5K	17.5K
Net Tangible Assets	20.0M	42.1M	45.7M	51.5M	59.2M	62.2M
Property Plant Equipment	21.7M	29.7M	38.4M	43.5M	50.1M	52.6M
Capital Surpluse	16.1M	16.8M	25.9M	26.6M	30.6M	19.4M
Net Invested Capital	26.2M	42.1M	45.7M	51.6M	58.9M	40.4M
Net Working Capital	4.6M	12.5M	7.4M	8.0M	5.6M	6.8M
Capital Stock	109.5M	136.6M	145.2M	157.9M	158.1M	148.7M

Pair Trading with Erdene Resource

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

Moving together with Erdene Stock

0.74	AG	First Majestic Silver	Pair Corr
0.71	IE	Ivanhoe Energy	Pair Corr
0.82	FDY	Faraday Copper Corp	Pair Corr

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

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

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Erdene Historical Balance Sheet

Erdene Resource Inventory

(91,047.24)

About Erdene Balance Sheet Analysis

Erdene Resource Balance Sheet Chart

Total Assets

Total Stockholder Equity

Common Stock Total Equity

Common Stock Shares Outstanding

Erdene Resource balance sheet Correlations

Erdene Resource Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Erdene Resource balance sheet Accounts

Pair Trading with Erdene Resource

Moving together with Erdene Stock

Other Information on Investing in Erdene Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Cash
Total Current Assets	+ 0.99	Cash And Short Term Investments
Accounts Payable	+ 0.97	Total Current Liabilities

Intangible Assets	- 0.98	Short Term Investments
Total Current Assets	- 0.9	Net Debt
Cash And Short Term Investments	- 0.9	Net Debt
Cash	- 0.9	Net Debt
Other Stockholder Equity	- 0.89	Retained Earnings
Common Stock Total Equity	- 0.89	Retained Earnings