ADF Historical Balance Sheet

DRX Stock

CAD 8.83 0.09 1.03%

Trend analysis of ADF Group balance sheet accounts such as Other Current Liabilities of 30.9 M or Total Current Liabilities of 110.7 M provides information on ADF's total assets, liabilities, and equity, which is the actual value of ADF Group to its prevalent stockholders. By breaking down trends over time using ADF 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.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining ADF 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 ADF Group is a good buy for the upcoming year.

ADF Inventory

8.38 Million

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ADF 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.

About ADF Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of ADF Group at a specified time, usually calculated after every quarter, six months, or one year. ADF Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ADF 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 ADF currently owns. An asset can also be divided into two categories, current and non-current.

ADF Balance Sheet Chart

At this time, ADF's Other Current Assets are very stable compared to the past year. As of the 30th of November 2024, Other Stockholder Equity is likely to grow to about 11.6 M, while Total Assets are likely to drop about 183.3 M.

Total Assets Short Long Term Debt Total Total Current Liabilities Property Plant And Equipment Net Inventory Short Term Debt

Add Fundamental

Total Assets

Total assets refers to the total amount of ADF 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 ADF 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 ADF balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of ADF 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.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Most accounts from ADF's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into ADF 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ADF 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.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	36.7M	51.5M	48.8M	28.1M
Total Assets	201.1M	271.6M	328.6M	183.3M

Short Long Term Debt Total Total Assets

ADF balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Cash	Cash And Short Term Investments	Intangible Assets	Current Deferred Revenue	Good Will
Total Assets		0.84	0.67	0.84	0.86	0.71	0.13	0.65	0.72	0.67	-0.29	0.86	0.3	0.86	0.16	0.03	-0.32	0.85	0.79	0.77	0.08	0.43	0.39	0.47	0.79	-0.37
Short Long Term Debt Total	0.84		0.45	0.73	0.54	0.77	0.54	0.37	0.7	0.71	-0.45	0.8	0.22	0.82	0.3	-0.03	-0.51	0.77	0.68	0.59	0.53	0.11	0.07	0.51	0.56	-0.2
Other Current Liab	0.67	0.45		0.87	0.44	0.19	-0.2	0.73	0.83	0.16	0.11	0.8	-0.1	0.77	-0.09	0.46	0.0	0.84	0.67	0.88	-0.14	0.68	0.65	-0.09	0.78	-0.68
Total Current Liabilities	0.84	0.73	0.87		0.58	0.48	-0.03	0.82	0.87	0.44	-0.28	0.98	0.21	0.97	0.1	0.15	-0.22	0.99	0.85	0.97	0.09	0.67	0.63	0.27	0.93	-0.73
Total Stockholder Equity	0.86	0.54	0.44	0.58		0.64	-0.17	0.66	0.42	0.64	-0.24	0.57	0.51	0.59	0.05	-0.18	-0.11	0.59	0.62	0.57	-0.14	0.48	0.46	0.52	0.63	-0.32
Property Plant And Equipment Net	0.71	0.77	0.19	0.48	0.64		0.46	0.29	0.36	0.99	-0.58	0.54	0.52	0.62	0.16	-0.43	-0.62	0.54	0.73	0.3	0.24	-0.03	-0.08	0.78	0.42	-0.06
Net Debt	0.13	0.54	-0.2	-0.03	-0.17	0.46		-0.48	0.15	0.42	-0.09	0.11	-0.31	0.13	0.23	0.09	-0.5	0.03	0.03	-0.23	0.52	-0.74	-0.77	0.11	-0.23	0.53
Retained Earnings	0.65	0.37	0.73	0.82	0.66	0.29	-0.48		0.64	0.31	-0.21	0.76	0.42	0.77	-0.03	-0.02	0.13	0.81	0.72	0.9	-0.19	0.9	0.88	0.23	0.87	-0.91
Accounts Payable	0.72	0.7	0.83	0.87	0.42	0.36	0.15	0.64		0.33	-0.08	0.86	-0.12	0.86	0.33	0.46	0.04	0.88	0.62	0.84	0.15	0.48	0.44	-0.03	0.67	-0.6
Non Current Assets Total	0.67	0.71	0.16	0.44	0.64	0.99	0.42	0.31	0.33		-0.54	0.5	0.53	0.58	0.13	-0.44	-0.55	0.5	0.71	0.27	0.17	-0.03	-0.08	0.75	0.39	-0.08
Non Currrent Assets Other	-0.29	-0.45	0.11	-0.28	-0.24	-0.58	-0.09	-0.21	-0.08	-0.54		-0.31	-0.8	-0.36	-0.42	0.77	0.51	-0.32	-0.5	-0.18	-0.42	-0.16	-0.15	-0.86	-0.3	0.2
Net Receivables	0.86	0.8	0.8	0.98	0.57	0.54	0.11	0.76	0.86	0.5	-0.31		0.19	0.98	0.14	0.13	-0.3	0.99	0.85	0.93	0.14	0.55	0.52	0.31	0.91	-0.64
Common Stock Shares Outstanding	0.3	0.22	-0.1	0.21	0.51	0.52	-0.31	0.42	-0.12	0.53	-0.8	0.19		0.25	0.03	-0.89	-0.33	0.23	0.48	0.19	0.11	0.39	0.39	0.89	0.35	-0.33
Non Current Liabilities Total	0.86	0.82	0.77	0.97	0.59	0.62	0.13	0.77	0.86	0.58	-0.36	0.98	0.25		0.15	0.07	-0.31	0.99	0.89	0.91	0.15	0.55	0.51	0.36	0.88	-0.66
Inventory	0.16	0.3	-0.09	0.1	0.05	0.16	0.23	-0.03	0.33	0.13	-0.42	0.14	0.03	0.15		0.03	0.18	0.12	-0.01	0.06	0.33	-0.06	-0.07	0.1	-0.04	0.04
Other Current Assets	0.03	-0.03	0.46	0.15	-0.18	-0.43	0.09	-0.02	0.46	-0.44	0.77	0.13	-0.89	0.07	0.03		0.47	0.12	-0.22	0.21	-0.14	0.02	0.0	-0.85	-0.01	-0.03
Other Stockholder Equity	-0.32	-0.51	0.0	-0.22	-0.11	-0.62	-0.5	0.13	0.04	-0.55	0.51	-0.3	-0.33	-0.31	0.18	0.47		-0.25	-0.5	-0.04	-0.24	0.27	0.29	-0.67	-0.24	-0.22
Total Liab	0.85	0.77	0.84	0.99	0.59	0.54	0.03	0.81	0.88	0.5	-0.32	0.99	0.23	0.99	0.12	0.12	-0.25		0.87	0.95	0.12	0.63	0.59	0.31	0.92	-0.71
Property Plant And Equipment Gross	0.79	0.68	0.67	0.85	0.62	0.73	0.03	0.72	0.62	0.71	-0.5	0.85	0.48	0.89	-0.01	-0.22	-0.5	0.87		0.76	-0.02	0.5	0.46	0.58	0.86	-0.58
Total Current Assets	0.77	0.59	0.88	0.97	0.57	0.3	-0.23	0.9	0.84	0.27	-0.18	0.93	0.19	0.91	0.06	0.21	-0.04	0.95	0.76		-0.01	0.8	0.78	0.15	0.93	-0.82
Short Term Debt	0.08	0.53	-0.14	0.09	-0.14	0.24	0.52	-0.19	0.15	0.17	-0.42	0.14	0.11	0.15	0.33	-0.14	-0.24	0.12	-0.02	-0.01		-0.21	-0.23	0.27	-0.15	0.08
Cash	0.43	0.11	0.68	0.67	0.48	-0.03	-0.74	0.9	0.48	-0.03	-0.16	0.55	0.39	0.55	-0.06	0.02	0.27	0.63	0.5	0.8	-0.21		1.0	0.1	0.74	-0.91
Cash And Short Term Investments	0.39	0.07	0.65	0.63	0.46	-0.08	-0.77	0.88	0.44	-0.08	-0.15	0.52	0.39	0.51	-0.07	0.0	0.29	0.59	0.46	0.78	-0.23	1.0		0.09	0.71	-0.89
Intangible Assets	0.47	0.51	-0.09	0.27	0.52	0.78	0.11	0.23	-0.03	0.75	-0.86	0.31	0.89	0.36	0.1	-0.85	-0.67	0.31	0.58	0.15	0.27	0.1	0.09		0.34	-0.07
Current Deferred Revenue	0.79	0.56	0.78	0.93	0.63	0.42	-0.23	0.87	0.67	0.39	-0.3	0.91	0.35	0.88	-0.04	-0.01	-0.24	0.92	0.86	0.93	-0.15	0.74	0.71	0.34		-0.73
Good Will	-0.37	-0.2	-0.68	-0.73	-0.32	-0.06	0.53	-0.91	-0.6	-0.08	0.2	-0.64	-0.33	-0.66	0.04	-0.03	-0.22	-0.71	-0.58	-0.82	0.08	-0.91	-0.89	-0.07	-0.73

Click cells to compare fundamentals

ADF Account Relationship Matchups

ADF balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	173.5M	190.0M	201.1M	271.6M	328.6M	183.3M
Short Long Term Debt Total	40.2M	25.6M	36.7M	51.5M	48.8M	28.1M
Other Current Liab	14.3M	20.9M	18.2M	18.3M	29.5M	30.9M
Total Current Liabilities	50.6M	62.0M	52.4M	88.8M	105.5M	110.7M
Total Stockholder Equity	94.4M	99.6M	108.5M	125.0M	162.1M	99.1M
Property Plant And Equipment Net	88.8M	84.7M	105.2M	112.2M	107.8M	72.7M
Net Debt	36.2M	7.8M	29.5M	44.3M	(23.5M)	(22.4M)
Retained Earnings	12.9M	19.1M	28.0M	42.3M	79.3M	83.2M
Accounts Payable	15.4M	12.1M	14.8M	18.8M	24.4M	25.7M
Non Current Assets Total	93.6M	89.4M	109.9M	117.2M	113.0M	83.6M
Non Currrent Assets Other	1.4M	1.4M	1.4M	1.4M	1.1M	997.5K
Net Receivables	66.5M	70.6M	72.0M	134.2M	125.9M	132.2M
Common Stock Shares Outstanding	32.6M	32.6M	32.6M	32.6M	37.5M	34.1M
Liabilities And Stockholders Equity	173.5M	190.0M	201.1M	271.6M	328.6M	183.3M
Non Current Liabilities Total	28.5M	28.3M	40.2M	57.9M	61.0M	64.0M
Inventory	7.9M	7.0M	9.7M	10.7M	13.5M	8.4M
Other Current Assets	1.6M	5.2M	2.3M	2.3M	3.7M	6.8M
Other Stockholder Equity	(81.0M)	(87.2M)	(96.2M)	(110.4M)	6.4M	11.6M
Total Liab	79.1M	90.4M	92.6M	146.6M	166.5M	174.8M
Property Plant And Equipment Gross	88.8M	144.4M	162.7M	173.0M	172.8M	181.4M
Total Current Assets	80.0M	100.6M	91.1M	154.4M	215.6M	226.4M
Short Term Debt	16.1M	3.0M	4.2M	3.1M	3.9M	3.7M
Cash	4.0M	17.8M	7.1M	7.2M	72.4M	76.0M
Cash And Short Term Investments	4.0M	17.8M	7.1M	7.2M	72.4M	76.0M
Accumulated Other Comprehensive Income	6.9M	5.9M	5.9M	8.1M	8.3M	4.4M
Intangible Assets	3.4M	3.3M	3.4M	3.6M	3.9M	2.6M
Current Deferred Revenue	3.4M	23.3M	13.8M	44.5M	46.2M	48.5M
Other Liab	4.4M	5.8M	7.7M	9.4M	10.8M	11.3M
Net Tangible Assets	91.1M	96.3M	105.1M	121.3M	139.5M	110.8M
Other Assets	1.4M	1.4M	1.4M	1.4M	1.2M	1.2M
Long Term Debt	19.2M	18.4M	28.7M	44.9M	42.1M	25.0M
Short Long Term Debt	14.1M	8.9M	15.0M	1.9M	2.2M	2.1M
Property Plant Equipment	88.8M	84.7M	105.2M	112.2M	129.1M	99.1M
Long Term Debt Total	24.1M	22.5M	32.5M	48.5M	55.7M	29.0M
Cash And Equivalents	4.0M	17.8M	7.1M	7.2M	8.3M	7.2M
Net Invested Capital	128.6M	119.8M	137.2M	169.9M	204.3M	161.3M
Net Working Capital	29.3M	38.5M	38.7M	65.6M	110.1M	115.6M

Pair Trading with ADF

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 ADF 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 ADF will appreciate offsetting losses from the drop in the long position's value.

Moving against ADF Stock

0.85	BNS	Bank of Nova Scotia Earnings Call This Week	Pair Corr
0.84	RY	Royal Bank Earnings Call This Week	Pair Corr
0.83	TD-PFD	Toronto Dominion Bank Earnings Call This Week	Pair Corr
0.72	RY-PM	Royal Bank Earnings Call This Week	Pair Corr
0.72	TD-PFI	Toronto Dominion Bank Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to ADF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADF 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 ADF - 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 ADF Group to buy it.

The correlation of ADF 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 ADF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADF 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 ADF 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.

Pair Correlation Correlation Matching

Other Information on Investing in ADF Stock

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ADF Historical Balance Sheet

ADF Inventory

8.38 Million

About ADF Balance Sheet Analysis

ADF Balance Sheet Chart

Total Assets

Total Current Liabilities

Property Plant And Equipment Net

ADF balance sheet Correlations

ADF Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ADF balance sheet Accounts

Pair Trading with ADF

Moving against ADF Stock

Other Information on Investing in ADF Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Net Receivables
Total Liab	+ 0.99	Non Current Liabilities Total
Net Receivables	+ 0.98	Total Current Liabilities

Good Will	- 0.91	Cash
Good Will	- 0.91	Retained Earnings
Good Will	- 0.89	Cash And Short Term Investments
Other Current Assets	- 0.89	Common Stock Shares Outstanding
Intangible Assets	- 0.86	Non Currrent Assets Other
Intangible Assets	- 0.85	Other Current Assets