Freegold Historical Balance Sheet

FVL Stock

CAD 0.69 0.01 1.43%

Trend analysis of Freegold Ventures Limited balance sheet accounts such as Total Stockholder Equity of 94.2 M or Property Plant And Equipment Net of 92.6 M provides information on Freegold Ventures' total assets, liabilities, and equity, which is the actual value of Freegold Ventures to its prevalent stockholders. By breaking down trends over time using Freegold Ventures 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

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

Freegold Ventures Inventory

91,374.14

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freegold Ventures 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 board of governors.

About Freegold Balance Sheet Analysis

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

Freegold Ventures Balance Sheet Chart

At this time, Freegold Ventures' Common Stock Shares Outstanding is very stable compared to the past year. As of the 24th of December 2024, Liabilities And Stockholders Equity is likely to grow to about 94.9 M, while Total Current Liabilities is likely to drop about 210.1 K.

Property Plant And Equipment Net Net Debt Retained Earnings Accounts Payable Cash Non Current Assets Total

Add Fundamental

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.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Accounts Payable

An accounting item on the balance sheet that represents Freegold Ventures 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 Freegold Ventures 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.

Cash

Cash refers to the most liquid asset of Freegold Ventures, which is listed under current asset account on Freegold Ventures Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Freegold Ventures customers. The amounts must be unrestricted with restricted cash listed in a different Freegold Ventures account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most accounts from Freegold Ventures' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Freegold Ventures 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 Freegold Ventures 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 board of governors.

	2021	2022	2023	2024 (projected)
Total Current Liabilities	542.2K	469.3K	221.1K	210.1K
Total Assets	74.4M	77.4M	90.4M	94.9M

Total Current Liabilities Total Assets

Freegold Ventures balance sheet Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Current Deferred Revenue	Short Term Investments	Short Term Debt	Net Receivables	Inventory	Non Current Liabilities Total	Short Long Term Debt Total	Net Tangible Assets	Long Term Investments
Total Assets		-0.39	1.0	0.95	-0.35	-0.71	-0.26	0.37	0.95	0.37	0.96	0.26	-0.03	-0.35	0.95	0.37	-0.2	0.6	-0.22	-0.1	-0.3	0.51	-0.04	-0.38	0.99	-0.65
Total Current Liabilities	-0.39		-0.39	-0.41	-0.01	0.13	0.61	0.0	-0.41	0.0	-0.38	0.05	-0.06	0.73	-0.42	0.0	0.47	0.08	-0.54	0.22	0.29	-0.01	-0.14	0.16	-0.37	0.49
Total Stockholder Equity	1.0	-0.39		0.95	-0.35	-0.71	-0.27	0.37	0.95	0.37	0.96	0.26	-0.03	-0.36	0.95	0.37	-0.2	0.59	-0.21	-0.1	-0.3	0.51	-0.05	-0.39	0.99	-0.65
Property Plant And Equipment Net	0.95	-0.41	0.95		-0.05	-0.71	-0.3	0.06	1.0	0.07	0.94	0.03	-0.15	-0.32	1.0	0.07	-0.16	0.62	-0.19	-0.07	-0.36	0.26	0.05	-0.28	0.94	-0.73
Net Debt	-0.35	-0.01	-0.35	-0.05		0.15	-0.06	-1.0	-0.05	-1.0	-0.23	-0.75	-0.36	0.18	-0.05	-1.0	0.14	-0.06	0.11	0.12	-0.12	-0.86	0.29	0.41	-0.38	-0.11
Retained Earnings	-0.71	0.13	-0.71	-0.71	0.15		0.49	-0.16	-0.71	-0.16	-0.74	-0.01	-0.02	-0.01	-0.71	-0.16	-0.29	-0.83	0.35	-0.08	0.46	-0.42	-0.16	-0.17	-0.75	0.29
Accounts Payable	-0.26	0.61	-0.27	-0.3	-0.06	0.49		0.05	-0.3	0.05	-0.41	0.25	0.08	0.45	-0.3	0.05	-0.25	-0.11	-0.52	-0.07	0.41	-0.07	-0.06	-0.21	-0.26	0.28
Cash	0.37	0.0	0.37	0.06	-1.0	-0.16	0.05		0.06	1.0	0.25	0.74	0.35	-0.18	0.06	1.0	-0.14	0.07	-0.11	-0.12	0.11	0.86	-0.27	-0.4	0.39	0.09
Non Current Assets Total	0.95	-0.41	0.95	1.0	-0.05	-0.71	-0.3	0.06		0.07	0.94	0.03	-0.15	-0.32	1.0	0.07	-0.16	0.62	-0.19	-0.07	-0.36	0.26	0.05	-0.28	0.94	-0.73
Cash And Short Term Investments	0.37	0.0	0.37	0.07	-1.0	-0.16	0.05	1.0	0.07		0.25	0.74	0.35	-0.18	0.07	1.0	-0.14	0.07	-0.11	-0.12	0.11	0.86	-0.27	-0.4	0.39	0.08
Common Stock Shares Outstanding	0.96	-0.38	0.96	0.94	-0.23	-0.74	-0.41	0.25	0.94	0.25		0.09	-0.12	-0.41	0.94	0.25	-0.08	0.51	-0.07	0.02	-0.3	0.44	-0.14	-0.31	0.94	-0.63
Other Current Assets	0.26	0.05	0.26	0.03	-0.75	-0.01	0.25	0.74	0.03	0.74	0.09		0.1	0.07	0.03	0.75	-0.14	0.17	-0.36	-0.24	0.05	0.75	0.02	-0.42	0.3	0.06
Other Stockholder Equity	-0.03	-0.06	-0.03	-0.15	-0.36	-0.02	0.08	0.35	-0.15	0.35	-0.12	0.1		-0.07	-0.15	0.35	-0.11	-0.02	0.15	-0.16	-0.2	0.3	-0.05	-0.04	-0.01	0.19
Total Liab	-0.35	0.73	-0.36	-0.32	0.18	-0.01	0.45	-0.18	-0.32	-0.18	-0.41	0.07	-0.07		-0.32	-0.17	0.5	0.37	-0.69	-0.07	-0.26	-0.12	0.58	0.47	-0.3	0.42
Property Plant And Equipment Gross	0.95	-0.42	0.95	1.0	-0.05	-0.71	-0.3	0.06	1.0	0.07	0.94	0.03	-0.15	-0.32		0.07	-0.16	0.62	-0.19	-0.07	-0.36	0.26	0.05	-0.28	0.94	-0.73
Total Current Assets	0.37	0.0	0.37	0.07	-1.0	-0.16	0.05	1.0	0.07	1.0	0.25	0.75	0.35	-0.17	0.07		-0.15	0.08	-0.12	-0.12	0.11	0.86	-0.27	-0.4	0.39	0.08
Other Current Liab	-0.2	0.47	-0.2	-0.16	0.14	-0.29	-0.25	-0.14	-0.16	-0.14	-0.08	-0.14	-0.11	0.5	-0.16	-0.15		0.25	-0.15	-0.23	-0.32	-0.02	0.17	0.34	-0.17	0.25
Current Deferred Revenue	0.6	0.08	0.59	0.62	-0.06	-0.83	-0.11	0.07	0.62	0.07	0.51	0.17	-0.02	0.37	0.62	0.08	0.25		-0.72	-0.04	-0.44	0.28	0.44	0.22	0.66	-0.32
Short Term Investments	-0.22	-0.54	-0.21	-0.19	0.11	0.35	-0.52	-0.11	-0.19	-0.11	-0.07	-0.36	0.15	-0.69	-0.19	-0.12	-0.15	-0.72		0.06	0.04	-0.21	-0.35	-0.1	-0.28	-0.07
Short Term Debt	-0.1	0.22	-0.1	-0.07	0.12	-0.08	-0.07	-0.12	-0.07	-0.12	0.02	-0.24	-0.16	-0.07	-0.07	-0.12	-0.23	-0.04	0.06		0.38	-0.06	-0.36	0.24	-0.11	0.08
Net Receivables	-0.3	0.29	-0.3	-0.36	-0.12	0.46	0.41	0.11	-0.36	0.11	-0.3	0.05	-0.2	-0.26	-0.36	0.11	-0.32	-0.44	0.04	0.38		-0.05	-0.72	-0.18	-0.33	0.14
Inventory	0.51	-0.01	0.51	0.26	-0.86	-0.42	-0.07	0.86	0.26	0.86	0.44	0.75	0.3	-0.12	0.26	0.86	-0.02	0.28	-0.21	-0.06	-0.05		-0.19	-0.27	0.54	0.09
Non Current Liabilities Total	-0.04	-0.14	-0.05	0.05	0.29	-0.16	-0.06	-0.27	0.05	-0.27	-0.14	0.02	-0.05	0.58	0.05	-0.27	0.17	0.44	-0.35	-0.36	-0.72	-0.19		0.48	0.01	-0.03
Short Long Term Debt Total	-0.38	0.16	-0.39	-0.28	0.41	-0.17	-0.21	-0.4	-0.28	-0.4	-0.31	-0.42	-0.04	0.47	-0.28	-0.4	0.34	0.22	-0.1	0.24	-0.18	-0.27	0.48		-0.35	0.28
Net Tangible Assets	0.99	-0.37	0.99	0.94	-0.38	-0.75	-0.26	0.39	0.94	0.39	0.94	0.3	-0.01	-0.3	0.94	0.39	-0.17	0.66	-0.28	-0.11	-0.33	0.54	0.01	-0.35		-0.61
Long Term Investments	-0.65	0.49	-0.65	-0.73	-0.11	0.29	0.28	0.09	-0.73	0.08	-0.63	0.06	0.19	0.42	-0.73	0.08	0.25	-0.32	-0.07	0.08	0.14	0.09	-0.03	0.28	-0.61

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Freegold Ventures Account Relationship Matchups

Freegold Ventures balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	39.6M	74.0M	74.4M	77.4M	90.4M	94.9M
Total Current Liabilities	1.1M	542.3K	542.2K	469.3K	221.1K	210.1K
Total Stockholder Equity	38.2M	73.2M	73.5M	76.5M	89.7M	94.2M
Property Plant And Equipment Net	38.3M	43.9M	60.2M	76.6M	88.2M	92.6M
Net Debt	(1.1M)	(29.6M)	(13.7M)	(565.1K)	(1.9M)	(2.0M)
Retained Earnings	(65.8M)	(67.1M)	(69.3M)	(70.1M)	(73.2M)	(69.6M)
Accounts Payable	181.2K	207.7K	306.7K	376.6K	134.5K	127.8K
Cash	1.2M	29.7M	13.8M	693.2K	2.0M	3.2M
Non Current Assets Total	38.3M	43.9M	60.2M	76.6M	88.2M	92.6M
Cash And Short Term Investments	1.2M	29.7M	13.8M	693.2K	2.0M	3.3M
Common Stock Shares Outstanding	199.0M	265.0M	335.4M	351.8M	393.6M	413.3M
Liabilities And Stockholders Equity	39.6M	74.0M	74.4M	77.4M	90.4M	94.9M
Other Current Assets	115.3K	407.6K	389.5K	113.55	190.3K	117.7K
Total Liab	1.4M	792.3K	928.7K	926.9K	658.0K	625.1K
Property Plant And Equipment Gross	38.3M	43.9M	60.3M	76.8M	88.3M	92.7M
Total Current Assets	1.3M	30.1M	14.2M	806.8K	2.2M	3.4M
Accumulated Other Comprehensive Income	17.3M	32.8M	34.2M	31.1M	37.1M	38.9M
Other Current Liab	856.9K	138.7K	205.1K	64.2K	57.5K	54.6K
Short Term Debt	50.9K	37.5K	30.4K	28.5K	29.2K	27.7K
Net Receivables	21.8K	41.3K	22.7K	19.7K	17.8K	27.8K
Non Current Liabilities Total	275.7K	250K	386.6K	457.6K	436.9K	520.2K
Short Long Term Debt Total	86.9K	37.5K	167.0K	128.1K	99.9K	94.9K
Net Tangible Assets	37.1M	38.2M	73.2M	73.5M	84.5M	88.7M
Common Stock	86.7M	107.5M	108.6M	115.5M	125.8M	88.3M
Property Plant Equipment	38.3M	43.9M	60.2M	76.6M	88.1M	92.5M
Other Liab	220.7K	230.0K	239.8K	250K	225K	416.4K
Cash And Equivalents	1.2M	29.6M	13.8M	653.4K	751.4K	713.8K
Net Invested Capital	38.2M	73.2M	73.5M	76.5M	87.9M	61.5M
Net Working Capital	194.5K	29.5M	13.7M	337.5K	388.2K	368.8K
Capital Stock	86.7M	107.5M	108.6M	115.5M	132.8M	110.9M

Pair Trading with Freegold Ventures

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

Moving together with Freegold Stock

0.8	ORE	Orezone Gold Corp	Pair Corr
0.82	INFM	Infinico Metals Corp	Pair Corr

Moving against Freegold Stock

0.93	FFH	Fairfax Financial	Pair Corr
0.86	TCS	TECSYS Inc	Pair Corr
0.84	EIT-UN	Canoe EIT Income	Pair Corr
0.83	ERE-UN	European Residential Real	Pair Corr
0.82	ENS-PA	E Split Corp	Pair Corr

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

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

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Freegold Historical Balance Sheet

Freegold Ventures Inventory

91,374.14

About Freegold Balance Sheet Analysis

Freegold Ventures Balance Sheet Chart

Property Plant And Equipment Net

Net Debt

Retained Earnings

Accounts Payable

Cash

Non Current Assets Total

Freegold Ventures balance sheet Correlations

Freegold Ventures Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Freegold Ventures balance sheet Accounts

Pair Trading with Freegold Ventures

Moving together with Freegold Stock

Moving against Freegold Stock

Other Information on Investing in Freegold Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total

Total Current Assets	- 1.0	Net Debt
Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Inventory	- 0.86	Net Debt
Current Deferred Revenue	- 0.83	Retained Earnings
Net Tangible Assets	- 0.75	Retained Earnings