Steppe Historical Cash Flow
| STGO Stock | CAD 0.62 0.02 3.13% |
Analysis of Steppe Gold cash flow over time is an excellent tool to project Steppe Gold future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Begin Period Cash Flow of 4.2 M or Other Cashflows From Financing Activities of 2.2 M as it is a great indicator of Steppe Gold ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Steppe 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 Steppe Gold is a good buy for the upcoming year.
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About Steppe Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Steppe balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Steppe's non-liquid assets can be easily converted into cash.
Steppe Gold Cash Flow Chart
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Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Capital Expenditures
Capital Expenditures are funds used by Steppe Gold to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Steppe Gold operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most accounts from Steppe Gold's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Steppe Gold current financial condition. On the other hand, looking into the entire matrix of cash flow statement 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 Steppe Gold. 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. At this time, Steppe Gold's Net Income is very stable compared to the past year. As of the 28th of November 2024, Change To Netincome is likely to grow to about 25.8 M, while Sale Purchase Of Stock is likely to drop 0.00.
| 2021 | 2022 | 2023 | 2024 (projected) | Issuance Of Capital Stock | 612K | 9.0M | 8.1M | 6.1M | Stock Based Compensation | 1.6M | 2.7M | 810K | 769.5K |
Steppe Gold cash flow statement Correlations
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Steppe Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Steppe Gold cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Sale Purchase Of Stock | 9.2M | 17.9M | 1.4M | 11.1M | 612K | 0.0 | |
| Change To Inventory | (5.8M) | (208K) | (10.5M) | (2.6M) | (7.7M) | (7.4M) | |
| Change In Cash | (6.3M) | 14.4M | (12.4M) | (125K) | 3.5M | 3.7M | |
| Net Borrowings | 6.4M | 6.9M | 12.0M | 55.0M | 63.2M | 66.4M | |
| Free Cash Flow | (13.8M) | 9.2M | (16.0M) | 12.8M | 3.1M | 3.3M | |
| Change In Working Capital | (1.4M) | (4.3M) | (9.7M) | 7.6M | (8.1M) | (7.7M) | |
| Begin Period Cash Flow | 7.0M | 671K | 15.1M | 2.6M | 2.5M | 4.2M | |
| Total Cashflows From Investing Activities | (8.1M) | (7.2M) | (3.9M) | (5.9M) | (6.8M) | (7.2M) | |
| Other Cashflows From Financing Activities | 12.1M | (413K) | 6.1M | 51.9M | 2.3M | 2.2M | |
| Depreciation | 169.5K | 4.1M | 2.8M | 4.2M | 3.2M | 2.0M | |
| Other Non Cash Items | 716.9K | (3.0M) | 21.5M | (10.2M) | 3.4M | 2.2M | |
| Capital Expenditures | 8.1M | 2.2M | 8.9M | 5.9M | 5.1M | 5.6M | |
| Total Cash From Operating Activities | (5.6M) | 11.4M | (7.0M) | 18.7M | 8.2M | 8.6M | |
| Change To Account Receivables | (125K) | (1.8M) | (2.4M) | 3.3M | (387K) | (406.4K) | |
| Net Income | (5.2M) | (4.1M) | (22.7M) | 15.7M | 8.9M | 9.3M | |
| Total Cash From Financing Activities | 7.6M | 10.3M | (1.5M) | (13.2M) | 592K | 562.4K | |
| End Period Cash Flow | 671.4K | 15.1M | 2.6M | 2.5M | 6.0M | 5.1M | |
| Change To Netincome | 5.4M | 808.3K | 15.4M | 21.4M | 24.6M | 25.8M | |
| Change To Liabilities | 1.5M | 4.4M | (2.3M) | 3.2M | 3.7M | 3.9M | |
| Investments | (8.1M) | (5.0M) | 5.0M | (5.9M) | (3.5M) | (3.7M) | |
| Stock Based Compensation | 505K | 1.0M | 1.6M | 2.7M | 810K | 769.5K | |
| Issuance Of Capital Stock | 1.4M | 11.1M | 612K | 9.0M | 8.1M | 6.1M |
Pair Trading with Steppe 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 Steppe 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 Steppe Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Steppe Stock
| 0.76 | AG | First Majestic Silver | PairCorr |
| 0.64 | IE | Ivanhoe Energy | PairCorr |
| 0.69 | ORE | Orezone Gold Corp | PairCorr |
Moving against Steppe Stock
The ability to find closely correlated positions to Steppe 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 Steppe 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 Steppe 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 Steppe Gold to buy it.
The correlation of Steppe 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 Steppe Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steppe 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 Steppe 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.Other Information on Investing in Steppe Stock
The Cash Flow Statement is a financial statement that shows how changes in Steppe balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Steppe's non-liquid assets can be easily converted into cash.