Evertz Historical Balance Sheet
ET Stock | CAD 12.60 0.28 2.27% |
Trend analysis of Evertz Technologies Limited balance sheet accounts such as Other Current Liabilities of 12.5 M or Total Current Liabilities of 209.1 M provides information on Evertz Technologies' total assets, liabilities, and equity, which is the actual value of Evertz Technologies to its prevalent stockholders. By breaking down trends over time using Evertz Technologies 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 Evertz Technologies 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 Evertz Technologies is a good buy for the upcoming year.
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About Evertz Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Evertz Technologies at a specified time, usually calculated after every quarter, six months, or one year. Evertz Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Evertz Technologies 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 Evertz currently owns. An asset can also be divided into two categories, current and non-current.
Evertz Technologies Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Evertz Technologies balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Evertz Technologies Limited 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.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.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.Most accounts from Evertz Technologies' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Evertz Technologies 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 Evertz Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, Evertz Technologies' Other Stockholder Equity is very stable compared to the past year. As of the 12th of December 2024, Total Liabilities is likely to grow to about 228.9 M, while Total Assets are likely to drop about 399.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 26.8M | 28.8M | 23.2M | 11.6M | Total Assets | 421.0M | 436.7M | 484.7M | 399.7M |
Evertz Technologies balance sheet Correlations
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Evertz Technologies Account Relationship Matchups
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Evertz Technologies balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 443.7M | 451.8M | 421.0M | 436.7M | 484.7M | 399.7M | |
Short Long Term Debt Total | 30.1M | 27.9M | 26.8M | 28.8M | 23.2M | 11.6M | |
Other Current Liab | 23.4M | 8.4M | 23.5M | 25.6M | 8.9M | 12.5M | |
Total Current Liabilities | 120.8M | 133.1M | 164.6M | 171.7M | 199.1M | 209.1M | |
Total Stockholder Equity | 295.0M | 292.7M | 230.9M | 243.1M | 263.3M | 298.6M | |
Property Plant And Equipment Net | 76.6M | 68.4M | 62.5M | 55.1M | 54.8M | 48.3M | |
Current Deferred Revenue | 45.1M | 58.0M | 74.3M | 69.8M | 119.6M | 125.6M | |
Net Debt | (44.9M) | (83.4M) | (7.1M) | 16.3M | (63.1M) | (66.3M) | |
Retained Earnings | 141.8M | 140.7M | 80.6M | 87.5M | 97.1M | 188.7M | |
Accounts Payable | 53.0M | 66.7M | 55.8M | 67.2M | 63.1M | 43.2M | |
Cash | 75.0M | 108.8M | 33.9M | 12.5M | 86.3M | 71.4M | |
Non Current Assets Total | 99.2M | 104.2M | 97.5M | 93.5M | 84.2M | 69.6M | |
Cash And Short Term Investments | 75.0M | 108.8M | 33.9M | 12.5M | 86.3M | 80.2M | |
Net Receivables | 98.5M | 79.6M | 106.4M | 117.9M | 96.9M | 82.0M | |
Common Stock Shares Outstanding | 76.6M | 76.4M | 76.6M | 76.2M | 77.0M | 81.8M | |
Liabilities And Stockholders Equity | 443.7M | 451.8M | 421.0M | 436.7M | 484.7M | 399.7M | |
Non Current Liabilities Total | 25.5M | 23.8M | 22.8M | 18.8M | 18.9M | 11.0M | |
Inventory | 162.0M | 152.7M | 177.3M | 202.5M | 206.2M | 137.7M | |
Other Stockholder Equity | 8.2M | (294.0M) | 9.5M | (235.0M) | (245.5M) | 1.05 | |
Total Liab | 146.3M | 156.9M | 187.3M | 190.6M | 218.0M | 228.9M | |
Property Plant And Equipment Gross | 76.6M | 172.0M | 171.5M | 163.8M | 170.6M | 179.1M | |
Total Current Assets | 344.5M | 347.6M | 323.5M | 343.2M | 400.6M | 330.1M | |
Accumulated Other Comprehensive Income | 1.0M | (1.1M) | (4.1M) | (2.4M) | 20.4M | 21.5M | |
Short Term Debt | 4.6M | 4.1M | 4.1M | 10.0M | 4.1M | 6.9M | |
Good Will | 20.8M | 21.1M | 21.0M | 21.3M | 21.4M | 17.5M | |
Intangible Assets | 1.6M | 4.5M | 3.3M | 2.1M | 1.1M | 2.0M | |
Other Current Assets | 9.0M | 6.6M | 5.9M | 10.3M | 11.2M | 7.0M | |
Common Stock | 143.9M | 143.6M | 143.5M | 143.3M | 145.7M | 132.1M | |
Net Tangible Assets | 272.7M | 267.1M | 206.6M | 219.6M | 197.7M | 232.4M | |
Property Plant Equipment | 76.6M | 68.4M | 62.5M | 55.1M | 63.4M | 60.2M | |
Non Currrent Assets Other | 1.2M | 1.0 | (99.0M) | 1.1M | 988.2K | 938.8K | |
Long Term Debt Total | 25.5M | 23.8M | 22.8M | 18.8M | 21.7M | 12.8M | |
Net Invested Capital | 295.3M | 295.3M | 230.9M | 249.0M | 263.3M | 233.6M | |
Cash And Equivalents | 75.0M | 108.8M | 33.9M | 12.5M | 11.2M | 10.7M | |
Net Working Capital | 223.7M | 214.5M | 158.9M | 171.4M | 201.4M | 178.2M |
Pair Trading with Evertz Technologies
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 Evertz Technologies 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 Evertz Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Evertz Stock
0.59 | RCI-A | Rogers Communications | PairCorr |
0.53 | ARA | Aclara Resources | PairCorr |
0.47 | CCL-A | CCL Industries | PairCorr |
The ability to find closely correlated positions to Evertz Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evertz Technologies 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 Evertz Technologies - 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 Evertz Technologies Limited to buy it.
The correlation of Evertz Technologies 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 Evertz Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evertz Technologies 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 Evertz Technologies 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 Evertz Stock
Balance Sheet is a snapshot of the financial position of Evertz Technologies at a specified time, usually calculated after every quarter, six months, or one year. Evertz Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Evertz Technologies 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 Evertz currently owns. An asset can also be divided into two categories, current and non-current.