Topaz Historical Balance Sheet
| TPZ Stock | CAD 25.05 0.54 2.11% |
Trend analysis of Topaz Energy Corp balance sheet accounts such as Other Assets of 40.6 M, Net Receivables of 31 M, Total Current Assets of 73.7 M or Common Stock of 1 B provides information on Topaz Energy's total assets, liabilities, and equity, which is the actual value of Topaz Energy Corp to its prevalent stockholders. By breaking down trends over time using Topaz Energy 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.
Financial Statement Analysis is much more than just reviewing and examining Topaz Energy 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 Topaz Energy Corp is a good buy for the upcoming year.
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About Topaz Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Topaz Energy Corp at a specified time, usually calculated after every quarter, six months, or one year. Topaz Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Topaz Energy 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 Topaz currently owns. An asset can also be divided into two categories, current and non-current.
Topaz Energy Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Topaz Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Topaz Energy Corp 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.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Accounts Payable
An accounting item on the balance sheet that represents Topaz Energy 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 Topaz Energy Corp 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 Topaz Energy's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Topaz Energy 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Topaz Energy 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. At this time, Topaz Energy's Net Working Capital is very stable compared to the past year. As of the 1st of February 2025, Short Term Investments is likely to grow to about 10.5 M, while Total Current Liabilities is likely to drop about 5 M.
| 2022 | 2024 | 2025 (projected) | Other Liabilities | 4.3M | 5.0M | 4.0M | Total Current Liabilities | 4.5M | 6.4M | 5.0M |
Topaz Energy balance sheet Correlations
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Topaz Energy Account Relationship Matchups
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Topaz Energy balance sheet Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Total Current Liabilities | 1.3M | 4.6M | 4.5M | 7.1M | 6.4M | 5.0M | |
| Retained Earnings | (69.4M) | (150.6M) | (208.5M) | (337.2M) | (303.5M) | (288.3M) | |
| Accounts Payable | 726K | 4.3M | 4.5M | 6.3M | 5.7M | 4.8M | |
| Net Receivables | 18.2M | 46.8M | 62.5M | 47.3M | 54.4M | 31.0M | |
| Total Current Assets | 239.0M | 48.3M | 69.5M | 60.4M | 69.4M | 73.7M | |
| Common Stock | 1.0B | 1.4B | 1.5B | 1.5B | 1.8B | 1.0B | |
| Total Assets | 1.0B | 1.6B | 1.8B | 1.7B | 2.0B | 1.5B | |
| Total Stockholder Equity | 1.0B | 1.3B | 1.4B | 1.2B | 1.4B | 1.2B | |
| Property Plant And Equipment Net | 714.1M | 1.5B | 1.7B | 1.6B | 1.8B | 1.4B | |
| Net Debt | (220.2M) | 276.9M | 464.6M | 388.2M | 446.4M | 468.7M | |
| Non Current Assets Total | 769.6M | 1.6B | 1.8B | 1.6B | 1.9B | 1.4B | |
| Cash And Short Term Investments | 220.2M | 801K | 6.2M | 3.5M | 3.1M | 3.0M | |
| Common Stock Shares Outstanding | 112.4M | 124.4M | 143.3M | 145.4M | 167.2M | 135.8M | |
| Liabilities And Stockholders Equity | 1.0B | 1.6B | 1.8B | 1.7B | 2.0B | 1.5B | |
| Non Current Liabilities Total | 1.5M | 282.2M | 468.9M | 453.3M | 521.3M | 265.5M | |
| Other Current Assets | 634K | 1.6M | 7.0M | 9.6M | 11.0M | 11.6M | |
| Other Stockholder Equity | 49.0M | 50.0M | 51.9M | 55.2M | 63.5M | 55.9M | |
| Total Liab | 2.8M | 286.8M | 473.4M | 460.4M | 529.5M | 269.5M | |
| Net Invested Capital | 1.0B | 1.6B | 1.8B | 1.6B | 1.9B | 1.5B | |
| Property Plant And Equipment Gross | 811.2M | 1.8B | 2.2B | 2.3B | 2.6B | 1.7B | |
| Capital Stock | 1.0B | 1.4B | 1.5B | 1.5B | 1.8B | 1.4B | |
| Net Working Capital | 237.7M | 43.8M | 64.9M | 53.3M | 48.0M | 67.3M |
Pair Trading with Topaz Energy
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 Topaz Energy 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 Topaz Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Topaz Stock
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The ability to find closely correlated positions to Topaz Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Topaz Energy 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 Topaz Energy - 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 Topaz Energy Corp to buy it.
The correlation of Topaz Energy 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 Topaz Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Topaz Energy 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 Topaz Energy 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 Topaz Stock
Balance Sheet is a snapshot of the financial position of Topaz Energy Corp at a specified time, usually calculated after every quarter, six months, or one year. Topaz Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Topaz Energy 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 Topaz currently owns. An asset can also be divided into two categories, current and non-current.