Sandstorm Historical Balance Sheet

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Trend analysis of Sandstorm Gold Ltd balance sheet accounts such as Retained Earnings of 129.1 M, Accounts Payable of 4.1 M, Cash of 4.8 M or Cash And Short Term Investments of 14 M provides information on Sandstorm Gold's total assets, liabilities, and equity, which is the actual value of Sandstorm Gold to its prevalent stockholders. By breaking down trends over time using Sandstorm 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

Yuan Drop

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

Sandstorm Gold Inventory

1.21

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sandstorm Gold Ltd. 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 Sandstorm Balance Sheet Analysis

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

Sandstorm Gold Balance Sheet Chart

At this time, Sandstorm Gold's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 25th of November 2024, Non Current Liabilities Total is likely to grow to about 484.3 M, while Accounts Payable is likely to drop about 4.1 M.

Total Assets Total Current Liabilities Total Stockholder Equity Accounts Payable

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Total Assets

Total assets refers to the total amount of Sandstorm 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 Sandstorm Gold 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 Sandstorm 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 Sandstorm Gold Ltd 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.

Accounts Payable

An accounting item on the balance sheet that represents Sandstorm Gold obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Sandstorm Gold are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most accounts from Sandstorm Gold's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Sandstorm Gold 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sandstorm Gold Ltd. 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 Current Liabilities	7.3M	19.0M	16.2M	17.0M
Total Assets	620.9M	2.0B	1.9B	2.0B

Total Current Liabilities Total Assets

Sandstorm Gold balance sheet Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Current Liab	Property Plant And Equipment Net	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Liab	Net Tangible Assets
Total Assets		0.97	0.99	0.93	0.85	0.34	-0.31	-0.28	0.84	0.96	-0.1	0.96	-0.03	1.0	0.56	-0.19	0.89	0.38	0.06	0.8	0.99	0.98	0.64	0.87	0.7	0.98
Total Current Liabilities	0.97		0.95	0.92	0.81	0.41	-0.32	-0.3	0.76	0.95	-0.09	0.95	-0.06	0.97	0.52	-0.15	0.87	0.32	0.12	0.82	0.98	0.97	0.58	0.84	0.73	0.93
Total Stockholder Equity	0.99	0.95		0.88	0.82	0.4	-0.28	-0.24	0.89	0.92	-0.17	0.92	0.01	0.99	0.56	-0.17	0.88	0.41	0.05	0.79	0.97	0.96	0.71	0.88	0.67	0.97
Net Debt	0.93	0.92	0.88		0.82	0.24	-0.55	-0.54	0.67	0.98	0.07	0.98	-0.32	0.95	0.52	-0.24	0.79	0.33	-0.04	0.76	0.96	0.95	0.48	0.79	0.67	0.93
Retained Earnings	0.85	0.81	0.82	0.82		-0.01	-0.19	-0.17	0.66	0.87	-0.05	0.87	0.07	0.84	0.31	-0.56	0.9	0.1	0.28	0.62	0.85	0.89	0.39	0.67	0.85	0.9
Accounts Payable	0.34	0.41	0.4	0.24	-0.01		-0.36	-0.31	0.58	0.19	-0.5	0.19	-0.24	0.36	0.46	0.35	0.22	0.5	-0.27	0.37	0.31	0.32	0.73	0.48	0.19	0.26
Cash	-0.31	-0.32	-0.28	-0.55	-0.19	-0.36		0.99	-0.27	-0.36	-0.05	-0.36	0.94	-0.38	-0.23	0.14	-0.14	-0.33	0.44	-0.28	-0.36	-0.37	-0.33	-0.36	-0.17	-0.36
Cash And Short Term Investments	-0.28	-0.3	-0.24	-0.54	-0.17	-0.31	0.99		-0.2	-0.35	-0.09	-0.35	0.96	-0.34	-0.24	0.11	-0.1	-0.3	0.46	-0.26	-0.33	-0.35	-0.25	-0.31	-0.18	-0.33
Common Stock Shares Outstanding	0.84	0.76	0.89	0.67	0.66	0.58	-0.27	-0.2		0.69	-0.37	0.69	0.02	0.84	0.59	-0.13	0.79	0.44	0.01	0.6	0.78	0.79	0.84	0.78	0.53	0.83
Non Current Liabilities Total	0.96	0.95	0.92	0.98	0.87	0.19	-0.36	-0.35	0.69		0.05	1.0	-0.12	0.96	0.53	-0.23	0.85	0.29	0.07	0.77	0.98	0.97	0.46	0.79	0.73	0.95
Other Stockholder Equity	-0.1	-0.09	-0.17	0.07	-0.05	-0.5	-0.05	-0.09	-0.37	0.05		0.05	-0.12	-0.1	-0.05	0.07	-0.11	-0.62	0.09	-0.07	-0.05	-0.09	-0.6	-0.29	-0.17	-0.07
Total Liab	0.96	0.95	0.92	0.98	0.87	0.19	-0.36	-0.35	0.69	1.0	0.05		-0.12	0.97	0.53	-0.23	0.85	0.3	0.07	0.77	0.98	0.97	0.46	0.8	0.73	0.96
Total Current Assets	-0.03	-0.06	0.01	-0.32	0.07	-0.24	0.94	0.96	0.02	-0.12	-0.12	-0.12		-0.1	-0.1	0.01	0.17	-0.26	0.57	-0.09	-0.1	-0.11	-0.11	-0.12	0.02	-0.08
Non Current Assets Total	1.0	0.97	0.99	0.95	0.84	0.36	-0.38	-0.34	0.84	0.96	-0.1	0.97	-0.1		0.56	-0.19	0.87	0.39	0.02	0.8	0.99	0.98	0.65	0.88	0.7	0.98
Non Currrent Assets Other	0.56	0.52	0.56	0.52	0.31	0.46	-0.23	-0.24	0.59	0.53	-0.05	0.53	-0.1	0.56		0.49	0.5	0.38	-0.09	0.36	0.54	0.53	0.37	0.4	0.32	0.54
Other Assets	-0.19	-0.15	-0.17	-0.24	-0.56	0.35	0.14	0.11	-0.13	-0.23	0.07	-0.23	0.01	-0.19	0.49		-0.36	0.25	-0.36	-0.09	-0.19	-0.24	-0.05	-0.17	-0.34	-0.29
Net Receivables	0.89	0.87	0.88	0.79	0.9	0.22	-0.14	-0.1	0.79	0.85	-0.11	0.85	0.17	0.87	0.5	-0.36		0.13	0.44	0.59	0.86	0.88	0.47	0.67	0.74	0.9
Inventory	0.38	0.32	0.41	0.33	0.1	0.5	-0.33	-0.3	0.44	0.29	-0.62	0.3	-0.26	0.39	0.38	0.25	0.13		-0.57	0.21	0.35	0.35	0.64	0.51	0.18	0.36
Other Current Assets	0.06	0.12	0.05	-0.04	0.28	-0.27	0.44	0.46	0.01	0.07	0.09	0.07	0.57	0.02	-0.09	-0.36	0.44	-0.57		-0.01	0.03	0.04	-0.25	-0.13	0.07	0.05
Other Current Liab	0.8	0.82	0.79	0.76	0.62	0.37	-0.28	-0.26	0.6	0.77	-0.07	0.77	-0.09	0.8	0.36	-0.09	0.59	0.21	-0.01		0.82	0.79	0.64	0.89	0.48	0.72
Property Plant And Equipment Net	0.99	0.98	0.97	0.96	0.85	0.31	-0.36	-0.33	0.78	0.98	-0.05	0.98	-0.1	0.99	0.54	-0.19	0.86	0.35	0.03	0.82		0.99	0.59	0.86	0.73	0.97
Property Plant And Equipment Gross	0.98	0.97	0.96	0.95	0.89	0.32	-0.37	-0.35	0.79	0.97	-0.09	0.97	-0.11	0.98	0.53	-0.24	0.88	0.35	0.04	0.79	0.99		0.58	0.85	0.8	0.97
Common Stock Total Equity	0.64	0.58	0.71	0.48	0.39	0.73	-0.33	-0.25	0.84	0.46	-0.6	0.46	-0.11	0.65	0.37	-0.05	0.47	0.64	-0.25	0.64	0.59	0.58		0.85	0.32	0.6
Common Stock	0.87	0.84	0.88	0.79	0.67	0.48	-0.36	-0.31	0.78	0.79	-0.29	0.8	-0.12	0.88	0.4	-0.17	0.67	0.51	-0.13	0.89	0.86	0.85	0.85		0.55	0.83
Other Liab	0.7	0.73	0.67	0.67	0.85	0.19	-0.17	-0.18	0.53	0.73	-0.17	0.73	0.02	0.7	0.32	-0.34	0.74	0.18	0.07	0.48	0.73	0.8	0.32	0.55		0.73
Net Tangible Assets	0.98	0.93	0.97	0.93	0.9	0.26	-0.36	-0.33	0.83	0.95	-0.07	0.96	-0.08	0.98	0.54	-0.29	0.9	0.36	0.05	0.72	0.97	0.97	0.6	0.83	0.73

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Sandstorm Gold Account Relationship Matchups

Sandstorm Gold balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	623.2M	649.9M	620.9M	2.0B	1.9B	2.0B
Total Current Liabilities	3.9M	3.4M	7.3M	19.0M	16.2M	17.0M
Total Stockholder Equity	570.9M	638.1M	592.6M	1.4B	1.4B	1.5B
Net Debt	41.4M	(110.9M)	(13.6M)	492.5M	430.0M	451.5M
Retained Earnings	(2.9M)	11.0M	35.6M	98.9M	122.9M	129.1M
Accounts Payable	3.9M	3.4M	7.3M	3.8M	5.7M	4.1M
Cash	7.0M	113.8M	16.2M	7.0M	5.0M	4.8M
Cash And Short Term Investments	17.8M	115.6M	21.2M	10.8M	14.8M	14.0M
Common Stock Shares Outstanding	191.0M	190.2M	196.9M	197.8M	300.0M	315.0M
Liabilities And Stockholders Equity	623.2M	649.9M	620.9M	2.0B	1.9B	2.0B
Non Current Liabilities Total	48.4M	8.3M	20.9M	514.3M	461.3M	484.3M
Other Stockholder Equity	(83.8M)	(92.5M)	(137.6M)	(2.8M)	(2.6M)	(2.7M)
Total Liab	52.3M	11.8M	28.2M	533.4M	477.4M	501.3M
Total Current Assets	28.1M	124.4M	33.6M	32.7M	53.8M	49.2M
Non Current Assets Total	595.0M	525.5M	587.3M	1.9B	1.9B	2.0B
Non Currrent Assets Other	10.4M	9.4M	6.6M	9.5M	30.8M	32.4M
Other Assets	6.9M	8.3M	5.0M	7.4M	6.7M	6.3M
Net Receivables	7.6M	8.0M	12.1M	21.4M	34.7M	36.4M
Other Current Assets	2.8M	737K	293K	531K	4.3M	4.5M
Accumulated Other Comprehensive Income	(83.8M)	(92.5M)	(137.6M)	(2.8M)	(6.3M)	(6.6M)
Property Plant And Equipment Net	395.5M	359.3M	473.7M	1.8B	1.6B	1.6B
Property Plant And Equipment Gross	395.5M	359.3M	873.7M	2.2B	2.1B	2.2B
Common Stock Total Equity	693.9M	684.7M	657.6M	719.7M	827.7M	604.0M
Common Stock	657.6M	719.7M	694.7M	1.3B	1.3B	757.9M
Other Liab	196K	5.5M	18.3M	14.8M	17.0M	17.9M
Net Tangible Assets	570.9M	638.1M	592.6M	1.4B	1.6B	1.7B
Long Term Investments	184.8M	156.8M	107.0M	151.3M	286.4M	300.7M
Property Plant Equipment	398.7M	359.3M	473.7M	1.8B	2.0B	2.2B
Short Long Term Debt Total	59.2M	2.9M	2.6M	499.5M	435M	456.8M
Long Term Debt Total	48.4M	2.9M	2.6M	499.5M	574.5M	603.2M
Cash And Equivalents	7.0M	113.8M	16.2M	7.0M	8.1M	7.7M
Short Term Investments	10.8M	1.9M	5.0M	3.8M	9.8M	7.2M
Net Invested Capital	615.9M	638.1M	592.6M	1.9B	1.9B	1.1B
Net Working Capital	24.3M	120.9M	26.3M	13.7M	37.6M	43.4M
Capital Stock	657.6M	719.7M	694.7M	1.3B	1.3B	987.7M

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

Moving together with Sandstorm Stock

0.73

First Majestic Silver

Pair Corr

Moving against Sandstorm Stock

0.38

BRK

Berkshire Hathaway CDR

Pair Corr

The ability to find closely correlated positions to Sandstorm 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 Sandstorm 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 Sandstorm 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 Sandstorm Gold Ltd to buy it.

The correlation of Sandstorm 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 Sandstorm Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sandstorm Gold 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 Sandstorm 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 Sandstorm Gold is a strong investment it is important to analyze Sandstorm Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sandstorm Gold's future performance. For an informed investment choice regarding Sandstorm Stock, refer to the following important reports:

How To Invest In Sandstorm

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Is Sandstorm Stock a good investment?

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What is Sandstorm Gold's Net Worth?

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You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Please note, there is a significant difference between Sandstorm Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sandstorm Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sandstorm 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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Sandstorm Historical Balance Sheet

Sandstorm Gold Inventory

1.21

About Sandstorm Balance Sheet Analysis

Sandstorm Gold Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Accounts Payable

Sandstorm Gold balance sheet Correlations

Sandstorm Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sandstorm Gold balance sheet Accounts

Pair Trading with Sandstorm Gold

Moving together with Sandstorm Stock

Moving against Sandstorm Stock

COMMON DESTINATIONS

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

Inventory	- 0.62	Other Stockholder Equity
Common Stock Total Equity	- 0.6	Other Stockholder Equity
Other Current Assets	- 0.57	Inventory
Other Assets	- 0.56	Retained Earnings
Cash	- 0.55	Net Debt
Cash And Short Term Investments	- 0.54	Net Debt