Corby Historical Balance Sheet
CSW-B Stock | CAD 12.15 0.02 0.16% |
Trend analysis of Corby Spirit and balance sheet accounts such as Other Current Liab of 8.1 M, Total Current Liabilities of 49.1 M or Total Stockholder Equity of 197.5 M provides information on Corby Spirit's total assets, liabilities, and equity, which is the actual value of Corby Spirit to its prevalent stockholders. By breaking down trends over time using Corby Spirit 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 Corby Spirit 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 Corby Spirit is a good buy for the upcoming year.
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About Corby Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Corby Spirit at a specified time, usually calculated after every quarter, six months, or one year. Corby Spirit Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Corby Spirit 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 Corby currently owns. An asset can also be divided into two categories, current and non-current.
Corby Spirit Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Corby Spirit 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 Corby Spirit 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 Corby Spirit balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Corby Spirit and 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.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 Corby Spirit 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 Corby Spirit 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 Corby Spirit's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Corby Spirit 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 Corby Spirit and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, Corby Spirit's Non Current Liabilities Total is comparatively stable compared to the past year. Net Working Capital is likely to gain to about 145.7 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 49.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 10.2M | 19.0M | 13.5M | 8.1M | Total Assets | 253.5M | 362.6M | 420.5M | 293.0M |
Corby Spirit balance sheet Correlations
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Corby Spirit Account Relationship Matchups
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Corby Spirit balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 234.4M | 254.2M | 253.5M | 362.6M | 420.5M | 293.0M | |
Other Current Liab | 10.1M | 6.8M | 10.2M | 19.0M | 13.5M | 8.1M | |
Total Current Liabilities | 40.4M | 47.9M | 54.6M | 69.7M | 76.7M | 49.1M | |
Total Stockholder Equity | 172.6M | 187.8M | 183.2M | 180.0M | 181.6M | 197.5M | |
Other Liab | 17.8M | 15.5M | 13.2M | 12.6M | 11.3M | 13.4M | |
Net Tangible Assets | 136.4M | 160.2M | 113.2M | 120.1M | 108.1M | 105.6M | |
Retained Earnings | 160.2M | 166.7M | 163.7M | 160.6M | 158.8M | 132.3M | |
Accounts Payable | 24.9M | 37.1M | 43.2M | 48.1M | 43.9M | 36.7M | |
Cash | 81.7M | 94.4M | 52.5M | 155.0M | 4.6M | 4.4M | |
Other Assets | 4.7M | 11.7M | 6.8M | 7.0M | 8.0M | 5.0M | |
Net Receivables | 26.3M | 35.7M | 38.3M | 39.6M | 51.5M | 36.7M | |
Inventory | 61.3M | 60.8M | 61.1M | 75.2M | 94.7M | 69.9M | |
Other Stockholder Equity | (1.9M) | 6.8M | 5.2M | 5.1M | 5.9M | 6.2M | |
Total Liab | 61.8M | 66.4M | 70.3M | 182.6M | 222.7M | 233.8M | |
Total Current Assets | 169.8M | 192.2M | 152.5M | 270.5M | 179.3M | 196.9M | |
Intangible Assets | 27.4M | 18.8M | 61.3M | 51.2M | 91.0M | 49.2M | |
Property Plant Equipment | 23.7M | 22.7M | 24.2M | 25.2M | 29.0M | 20.8M | |
Non Current Assets Total | 64.6M | 62.0M | 101.0M | 92.1M | 241.2M | 253.2M | |
Non Currrent Assets Other | 4.7M | 11.7M | 6.8M | 7.0M | 8.0M | 14.5M | |
Non Current Liabilities Total | 21.4M | 18.5M | 15.7M | 112.9M | 146.0M | 153.3M | |
Net Invested Capital | 172.6M | 187.9M | 183.2M | 278.0M | 301.6M | 227.5M | |
Net Working Capital | 129.4M | 143.2M | 97.9M | 200.8M | 102.6M | 145.7M |
Pair Trading with Corby Spirit
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 Corby Spirit 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 Corby Spirit will appreciate offsetting losses from the drop in the long position's value.Moving against Corby Stock
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0.42 | MTH | Mammoth Resources Corp | PairCorr |
0.35 | SBIO | Sabio Holdings | PairCorr |
The ability to find closely correlated positions to Corby Spirit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corby Spirit 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 Corby Spirit - 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 Corby Spirit and to buy it.
The correlation of Corby Spirit 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 Corby Spirit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corby Spirit 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 Corby Spirit 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.Additional Tools for Corby Stock Analysis
When running Corby Spirit's price analysis, check to measure Corby Spirit's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corby Spirit is operating at the current time. Most of Corby Spirit's value examination focuses on studying past and present price action to predict the probability of Corby Spirit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corby Spirit's price. Additionally, you may evaluate how the addition of Corby Spirit to your portfolios can decrease your overall portfolio volatility.