Bragg Historical Balance Sheet
BRAG Stock | CAD 5.19 0.09 1.70% |
Trend analysis of Bragg Gaming Group balance sheet accounts such as Other Current Liab of 3.5 M, Total Current Liabilities of 29.3 M or Total Stockholder Equity of 73.8 M provides information on Bragg Gaming's total assets, liabilities, and equity, which is the actual value of Bragg Gaming Group to its prevalent stockholders. By breaking down trends over time using Bragg Gaming 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 Bragg Gaming Group 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 Bragg Gaming Group is a good buy for the upcoming year.
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About Bragg Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Bragg Gaming Group at a specified time, usually calculated after every quarter, six months, or one year. Bragg Gaming Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bragg Gaming 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 Bragg currently owns. An asset can also be divided into two categories, current and non-current.
Bragg Gaming Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Bragg Gaming 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 Bragg Gaming Group 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 Bragg Gaming balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Bragg Gaming Group 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Bragg Gaming Group balance sheet. This account contains Bragg Gaming investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Bragg Gaming Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Long Term Debt
Long-term debt is a debt that Bragg Gaming Group has held for over one year. Long-term debt appears on Bragg Gaming Group balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Bragg Gaming Group balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most accounts from Bragg Gaming's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Bragg Gaming Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bragg Gaming Group. 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, Bragg Gaming's Common Stock Shares Outstanding is very stable compared to the past year. As of the 11th of December 2024, Liabilities And Stockholders Equity is likely to grow to about 108.5 M, though Net Debt is likely to grow to (5.2 M).
2021 | 2022 | 2023 | 2024 (projected) | Total Stockholder Equity | 66.2M | 69.5M | 70.2M | 73.8M | Total Current Liabilities | 15.3M | 24.3M | 27.9M | 29.3M |
Bragg Gaming balance sheet Correlations
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Bragg Gaming Account Relationship Matchups
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Bragg Gaming balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 43.9M | 72.1M | 83.4M | 104.4M | 103.4M | 108.5M | |
Other Current Liab | 1.5M | 23.4M | 13.7M | 18.8M | 2.9M | 3.5M | |
Total Current Liabilities | 20.8M | 30.0M | 15.3M | 24.3M | 27.9M | 29.3M | |
Total Stockholder Equity | 6.6M | 39.9M | 66.2M | 69.5M | 70.2M | 73.8M | |
Net Debt | 177K | (25.4M) | (15.4M) | (3.9M) | (5.5M) | (5.2M) | |
Retained Earnings | (46.7M) | (61.2M) | (68.7M) | (72.2M) | (76.1M) | (72.3M) | |
Cash | 682K | 26.1M | 16.0M | 11.3M | 8.8M | 9.2M | |
Cash And Short Term Investments | 682K | 26.1M | 16.0M | 11.3M | 8.8M | 9.2M | |
Common Stock Shares Outstanding | 7.3M | 8.6M | 19.5M | 21.4M | 22.6M | 23.7M | |
Liabilities And Stockholders Equity | 43.9M | 72.1M | 83.4M | 104.4M | 103.4M | 108.5M | |
Other Stockholder Equity | 13.3M | 39.0M | 32.2M | 27.8M | 23.4M | 12.1M | |
Total Liab | 37.3M | 32.2M | 17.2M | 34.9M | 33.1M | 34.8M | |
Total Current Assets | 8.3M | 36.8M | 27.0M | 29.7M | 29.1M | 30.5M | |
Accumulated Other Comprehensive Income | (212K) | (150K) | 2.5M | 4.1M | 2.9M | 2.5M | |
Net Receivables | 6.2M | 10.4M | 8.5M | 16.6M | 18.6M | 19.6M | |
Accounts Payable | 8.9M | 6.4M | 1.5M | 4.3M | 7.5M | 7.9M | |
Property Plant And Equipment Net | 1.0M | 980K | 831K | 1.2M | 3.9M | 4.1M | |
Current Deferred Revenue | 10.3M | 102K | 27K | 746K | 16.8M | 17.6M | |
Non Current Assets Total | 35.5M | 35.3M | 56.4M | 74.7M | 74.3M | 78.0M | |
Non Currrent Assets Other | 38K | 87K | 28K | 47K | 348K | 365.4K | |
Other Assets | 1.2M | 2.6M | 3.8M | 7.4M | 8.5M | 8.9M | |
Non Current Liabilities Total | 16.5M | 2.2M | 1.9M | 10.5M | 5.2M | 4.6M | |
Other Current Assets | 333K | 263K | 20K | 128K | 372K | 390.6K | |
Short Long Term Debt Total | 859K | 726K | 600K | 7.4M | 3.3M | 3.4M | |
Short Term Debt | 185K | 133K | 149K | 403K | 709K | 744.5K | |
Intangible Assets | 14.6M | 14.3M | 30.8M | 41.7M | 38.1M | 40.0M | |
Common Stock | 40.2M | 62.3M | 100.3M | 109.9M | 120.0M | 62.2M | |
Net Tangible Assets | (26.7M) | 8.1M | 14.4M | 3.5M | 4.0M | 4.2M | |
Long Term Debt Total | 674K | 593K | 451K | 7.0M | 8.0M | 8.4M | |
Capital Surpluse | 11.1M | 14.3M | 18.4M | 20.7M | 23.9M | 13.2M | |
Property Plant Equipment | 1.0M | 980K | 831K | 1.2M | 1.4M | 1.5M | |
Cash And Equivalents | 682K | 26.1M | 16.0M | 11.3M | 13.0M | 11.3M |
Pair Trading with Bragg Gaming
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 Bragg Gaming 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 Bragg Gaming will appreciate offsetting losses from the drop in the long position's value.Moving against Bragg Stock
0.92 | FFH-PC | Fairfax Fin Hld | PairCorr |
0.83 | FFH-PH | Fairfax Financial | PairCorr |
0.83 | NA | National Bank | PairCorr |
0.81 | RY-PS | Royal Bank | PairCorr |
0.7 | BMO | Bank of Montreal | PairCorr |
The ability to find closely correlated positions to Bragg Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bragg Gaming 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 Bragg Gaming - 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 Bragg Gaming Group to buy it.
The correlation of Bragg Gaming 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 Bragg Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bragg Gaming Group 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 Bragg Gaming 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 Bragg Gaming Group. 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. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.