Golden Historical Cash Flow
| AUMN Stock | CAD 0.14 0.01 6.67% |
Analysis of Golden Minerals cash flow over time is an excellent tool to project Golden Minerals 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 Other Cashflows From Financing Activities of 2.1 M or Depreciation of 503.5 K as it is a great indicator of Golden Minerals ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Golden Minerals 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 Golden Minerals is a good buy for the upcoming year.
Golden |
About Golden Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Golden 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 Golden's non-liquid assets can be easily converted into cash.
Golden Minerals Cash Flow Chart
Add Fundamental
Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Depreciation
Depreciation indicates how much of Golden Minerals value has been used up. For tax purposes Golden Minerals can deduct the cost of the tangible assets it purchases as business expenses. However, Golden Minerals must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.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.Most accounts from Golden Minerals' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Golden Minerals 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Golden Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. To learn how to invest in Golden Stock, please use our How to Invest in Golden Minerals guide.At this time, Golden Minerals' Change To Account Receivables is very stable compared to the past year. As of the 22nd of December 2024, Change To Inventory is likely to grow to about 536.5 K, though Change In Cash is likely to grow to (195.7 K).
Golden Minerals cash flow statement Correlations
Click cells to compare fundamentals
Golden Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Golden Minerals cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 1.3M | 5.1M | 2.5M | (8.3M) | (206K) | (195.7K) | |
| Free Cash Flow | (4.4M) | (10.0M) | (206K) | (9.7M) | (9.9M) | (10.4M) | |
| Change In Working Capital | 1.9M | (2.3M) | 696K | (1.1M) | (25K) | (26.3K) | |
| Begin Period Cash Flow | 3.3M | 4.6M | 9.7M | 12.2M | 4.0M | 3.8M | |
| Other Cashflows From Financing Activities | 3.2M | (4K) | (1.6M) | (152K) | 2.2M | 2.1M | |
| Depreciation | 1.1M | 962K | 611K | 369K | 530K | 503.5K | |
| Other Non Cash Items | 162K | 249K | 614K | 204K | (1.6M) | (1.5M) | |
| Capital Expenditures | 152K | 38K | 470K | 1.6M | 52K | 0.0 | |
| Total Cash From Operating Activities | (4.4M) | (9.5M) | 1.4M | (9.7M) | (9.9M) | (10.4M) | |
| Net Income | (5.4M) | (9.1M) | (2.1M) | (9.9M) | (9.2M) | (9.7M) | |
| Total Cash From Financing Activities | 2.5M | 14.6M | 2.7M | 1.6M | 7.5M | 7.1M | |
| End Period Cash Flow | 4.6M | 9.7M | 12.2M | 4.0M | 3.8M | 3.6M | |
| Change To Inventory | (2K) | (53K) | (1.3M) | 232K | 511K | 536.6K | |
| Stock Based Compensation | 782K | 859K | 1.6M | 744K | 405K | 384.8K | |
| Sale Purchase Of Stock | 809K | 2.5M | 14.6M | 2.7M | (228K) | 0.0 | |
| Total Cashflows From Investing Activities | 4.9M | 3.2M | (4K) | (1.6M) | (1.4M) | (1.4M) | |
| Change To Operating Activities | (60K) | 1.7M | (1.5M) | (1.0M) | (932.4K) | (885.8K) | |
| Other Cashflows From Investing Activities | 5.1M | 3.3M | 466K | 17K | 19.6K | 18.6K | |
| Change To Netincome | (5.0M) | (2.4M) | 668K | 1.6M | 1.8M | 1.9M | |
| Change To Liabilities | (56K) | 386K | (747K) | 3.0M | 3.5M | 3.6M | |
| Investments | 3.2M | (59K) | (1.6M) | (152K) | 2.2M | 2.3M | |
| Issuance Of Capital Stock | 2.5M | 14.6M | 2.7M | 1.8M | 7.5M | 5.5M |
Pair Trading with Golden Minerals
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 Golden Minerals 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 Golden Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with Golden Stock
| 0.72 | AG | First Majestic Silver | PairCorr |
| 0.84 | IE | Ivanhoe Energy | PairCorr |
| 0.69 | FDY | Faraday Copper Corp | PairCorr |
Moving against Golden Stock
| 0.74 | QNC | Quantum Numbers | PairCorr |
| 0.71 | DBO | D Box Technologies | PairCorr |
| 0.68 | OM | Osisko Metals | PairCorr |
| 0.67 | AQN-PD | Algonquin Power Utilities | PairCorr |
| 0.66 | ENB-PH | Enbridge H Cum | PairCorr |
The ability to find closely correlated positions to Golden Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Minerals 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 Golden Minerals - 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 Golden Minerals to buy it.
The correlation of Golden Minerals 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 Golden Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Minerals 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 Golden Minerals 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Golden Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. To learn how to invest in Golden Stock, please use our How to Invest in Golden Minerals guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.