Greenfire Historical Balance Sheet
| GFR Stock | 6.70 0.06 0.89% |
Trend analysis of Greenfire Resources balance sheet accounts such as Total Current Liabilities of 128.1 M or Total Stockholder Equity of 615.3 M provides information on Greenfire Resources' total assets, liabilities, and equity, which is the actual value of Greenfire Resources to its prevalent stockholders. By breaking down trends over time using Greenfire Resources 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 Greenfire Resources 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 Greenfire Resources is a good buy for the upcoming year.
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About Greenfire Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Greenfire Resources at a specified time, usually calculated after every quarter, six months, or one year. Greenfire Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Greenfire Resources 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 Greenfire currently owns. An asset can also be divided into two categories, current and non-current.
Greenfire Resources Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Greenfire Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Greenfire Resources 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.Accounts Payable
An accounting item on the balance sheet that represents Greenfire Resources 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 Greenfire Resources 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 Greenfire Resources, which is listed under current asset account on Greenfire Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Greenfire Resources customers. The amounts must be unrestricted with restricted cash listed in a different Greenfire Resources 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.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most accounts from Greenfire Resources' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Greenfire Resources 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenfire Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.At this time, Greenfire Resources' Retained Earnings are relatively stable compared to the past year. As of 12/16/2024, Accounts Payable is likely to grow to about 8.4 M, while Other Current Liabilities is likely to drop slightly above 54.6 M.
| 2010 | 2022 | 2023 | 2024 (projected) | Other Liabilities | 10.5M | 7.5M | 6.8M | 7.2M | Short and Long Term Debt Total | 325.6M | 255.4M | 390.1M | 356.0M |
Greenfire Resources balance sheet Correlations
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Greenfire Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Greenfire Resources
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 Greenfire Resources 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 Greenfire Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Greenfire Stock
Moving against Greenfire Stock
| 0.37 | DEC | Diversified Energy | PairCorr |
| 0.34 | VIST | Vista Oil Gas | PairCorr |
| 0.34 | BKV | BKV Corporation | PairCorr |
| 0.32 | EP | Empire Petroleum Corp | PairCorr |
The ability to find closely correlated positions to Greenfire Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greenfire Resources 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 Greenfire Resources - 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 Greenfire Resources to buy it.
The correlation of Greenfire Resources 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 Greenfire Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenfire Resources 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 Greenfire Resources 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 Greenfire Stock Analysis
When running Greenfire Resources' price analysis, check to measure Greenfire Resources' 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 Greenfire Resources is operating at the current time. Most of Greenfire Resources' value examination focuses on studying past and present price action to predict the probability of Greenfire Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greenfire Resources' price. Additionally, you may evaluate how the addition of Greenfire Resources to your portfolios can decrease your overall portfolio volatility.