GoldMining Historical Balance Sheet

GOLD Stock

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Trend analysis of GoldMining balance sheet accounts such as Total Current Liabilities of 3.5 M or Total Stockholder Equity of 156.1 M provides information on GoldMining's total assets, liabilities, and equity, which is the actual value of GoldMining to its prevalent stockholders. By breaking down trends over time using GoldMining 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 GoldMining 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 GoldMining is a good buy for the upcoming year.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoldMining. 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.

To learn how to invest in GoldMining Stock, please use our How to Invest in GoldMining guide.

About GoldMining Balance Sheet Analysis

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

GoldMining Balance Sheet Chart

At this time, GoldMining's Cash And Short Term Investments are very stable compared to the past year. As of the 11th of December 2024, Net Receivables is likely to grow to about 717.3 K, while Property Plant And Equipment Net is likely to drop about 3.5 M.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity

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Total Assets

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

Most accounts from GoldMining's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into GoldMining 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 GoldMining. 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.

To learn how to invest in GoldMining Stock, please use our How to Invest in GoldMining guide.At this time, GoldMining's Cash And Short Term Investments are very stable compared to the past year. As of the 11th of December 2024, Net Receivables is likely to grow to about 717.3 K, while Property Plant And Equipment Net is likely to drop about 3.5 M.

	2021	2022	2023	2024 (projected)
Other Current Liabilities	354K	2.3M	2.6M	2.7M
Total Assets	147.3M	136.9M	157.4M	165.3M

Other Current Liab Total Assets

GoldMining balance sheet Correlations

	Total Assets	Other Current Liab	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	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Current Liabilities Total	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Non Currrent Assets Other	Common Stock Total Equity	Short Term Investments	Short Term Debt
Total Assets		0.49	0.73	1.0	0.13	0.08	0.66	0.37	0.36	0.99	0.67	0.62	0.8	0.75	-0.72	0.76	0.73	0.69	0.71	0.81	0.63	-0.75	0.44	0.79	0.58	0.61
Other Current Liab	0.49		-0.11	0.52	-0.4	-0.08	0.26	0.16	-0.09	0.44	0.63	0.78	0.5	0.87	-0.68	-0.05	0.42	0.66	0.04	0.56	-0.23	-0.53	0.73	0.43	0.88	-0.26
Total Current Liabilities	0.73	-0.11		0.7	0.44	0.41	0.57	0.1	0.24	0.79	0.1	0.04	0.46	0.15	-0.31	0.96	0.43	0.1	0.79	0.44	0.98	-0.49	-0.13	0.49	-0.07	0.97
Total Stockholder Equity	1.0	0.52	0.7		0.12	0.05	0.64	0.39	0.37	0.99	0.7	0.65	0.81	0.77	-0.74	0.72	0.74	0.72	0.68	0.83	0.6	-0.75	0.47	0.8	0.61	0.57
Property Plant And Equipment Net	0.13	-0.4	0.44	0.12		-0.06	-0.45	0.17	0.35	0.19	-0.24	-0.5	0.33	-0.43	0.23	0.37	0.52	-0.26	0.21	0.27	0.41	-0.31	-0.61	0.45	-0.59	0.41
Net Debt	0.08	-0.08	0.41	0.05	-0.06		0.42	-0.44	-0.78	0.18	-0.58	-0.1	-0.12	-0.08	-0.03	0.39	-0.17	-0.55	0.31	-0.16	0.48	-0.14	-0.28	-0.22	-0.13	0.49
Retained Earnings	0.66	0.26	0.57	0.64	-0.45	0.42		0.03	-0.05	0.66	0.38	0.6	0.22	0.6	-0.59	0.59	0.05	0.4	0.56	0.27	0.57	-0.24	0.42	0.15	0.53	0.57
Accounts Payable	0.37	0.16	0.1	0.39	0.17	-0.44	0.03		0.46	0.32	0.53	0.42	0.54	0.34	-0.49	0.03	0.58	0.52	-0.08	0.59	-0.05	-0.1	0.44	0.5	0.32	-0.06
Cash	0.36	-0.09	0.24	0.37	0.35	-0.78	-0.05	0.46		0.3	0.63	0.07	0.39	0.11	-0.1	0.25	0.41	0.6	0.23	0.4	0.17	-0.14	0.15	0.52	0.02	0.17
Non Current Assets Total	0.99	0.44	0.79	0.99	0.19	0.18	0.66	0.32	0.3		0.58	0.55	0.78	0.69	-0.68	0.81	0.72	0.6	0.75	0.79	0.7	-0.76	0.36	0.77	0.51	0.68
Cash And Short Term Investments	0.67	0.63	0.1	0.7	-0.24	-0.58	0.38	0.53	0.63	0.58		0.77	0.6	0.82	-0.66	0.16	0.51	1.0	0.22	0.66	-0.02	-0.4	0.78	0.61	0.79	-0.04
Net Receivables	0.62	0.78	0.04	0.65	-0.5	-0.1	0.6	0.42	0.07	0.55	0.77		0.49	0.94	-0.89	0.03	0.38	0.8	0.03	0.57	-0.06	-0.42	0.82	0.42	0.94	-0.09
Common Stock Shares Outstanding	0.8	0.5	0.46	0.81	0.33	-0.12	0.22	0.54	0.39	0.78	0.6	0.49		0.61	-0.67	0.47	0.94	0.61	0.43	0.99	0.36	-0.83	0.38	0.97	0.47	0.32
Other Current Assets	0.75	0.87	0.15	0.77	-0.43	-0.08	0.6	0.34	0.11	0.69	0.82	0.94	0.61		-0.84	0.2	0.49	0.85	0.27	0.67	0.04	-0.56	0.83	0.54	0.97	0.01
Other Stockholder Equity	-0.72	-0.68	-0.31	-0.74	0.23	-0.03	-0.59	-0.49	-0.1	-0.68	-0.66	-0.89	-0.67	-0.84		-0.23	-0.55	-0.69	-0.11	-0.74	-0.19	0.61	-0.66	-0.61	-0.78	-0.17
Total Liab	0.76	-0.05	0.96	0.72	0.37	0.39	0.59	0.03	0.25	0.81	0.16	0.03	0.47	0.2	-0.23		0.43	0.16	0.92	0.44	0.96	-0.5	-0.08	0.5	0.0	0.95
Property Plant And Equipment Gross	0.73	0.42	0.43	0.74	0.52	-0.17	0.05	0.58	0.41	0.72	0.51	0.38	0.94	0.49	-0.55	0.43		0.52	0.36	0.94	0.32	-0.77	0.2	0.96	0.34	0.28
Total Current Assets	0.69	0.66	0.1	0.72	-0.26	-0.55	0.4	0.52	0.6	0.6	1.0	0.8	0.61	0.85	-0.69	0.16	0.52		0.22	0.67	-0.02	-0.42	0.79	0.61	0.82	-0.04
Non Current Liabilities Total	0.71	0.04	0.79	0.68	0.21	0.31	0.56	-0.08	0.23	0.75	0.22	0.03	0.43	0.27	-0.11	0.92	0.36	0.22		0.39	0.8	-0.45	0.02	0.44	0.11	0.8
Common Stock	0.81	0.56	0.44	0.83	0.27	-0.16	0.27	0.59	0.4	0.79	0.66	0.57	0.99	0.67	-0.74	0.44	0.94	0.67	0.39		0.32	-0.8	0.43	0.96	0.53	0.29
Short Long Term Debt Total	0.63	-0.23	0.98	0.6	0.41	0.48	0.57	-0.05	0.17	0.7	-0.02	-0.06	0.36	0.04	-0.19	0.96	0.32	-0.02	0.8	0.32		-0.43	-0.23	0.39	-0.16	1.0
Current Deferred Revenue	-0.75	-0.53	-0.49	-0.75	-0.31	-0.14	-0.24	-0.1	-0.14	-0.76	-0.4	-0.42	-0.83	-0.56	0.61	-0.5	-0.77	-0.42	-0.45	-0.8	-0.43		-0.23	-0.83	-0.41	-0.39
Non Currrent Assets Other	0.44	0.73	-0.13	0.47	-0.61	-0.28	0.42	0.44	0.15	0.36	0.78	0.82	0.38	0.83	-0.66	-0.08	0.2	0.79	0.02	0.43	-0.23	-0.23		0.25	0.89	-0.25
Common Stock Total Equity	0.79	0.43	0.49	0.8	0.45	-0.22	0.15	0.5	0.52	0.77	0.61	0.42	0.97	0.54	-0.61	0.5	0.96	0.61	0.44	0.96	0.39	-0.83	0.25		0.37	0.36
Short Term Investments	0.58	0.88	-0.07	0.61	-0.59	-0.13	0.53	0.32	0.02	0.51	0.79	0.94	0.47	0.97	-0.78	0.0	0.34	0.82	0.11	0.53	-0.16	-0.41	0.89	0.37		-0.19
Short Term Debt	0.61	-0.26	0.97	0.57	0.41	0.49	0.57	-0.06	0.17	0.68	-0.04	-0.09	0.32	0.01	-0.17	0.95	0.28	-0.04	0.8	0.29	1.0	-0.39	-0.25	0.36	-0.19

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GoldMining Account Relationship Matchups

GoldMining balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	69.4M	200.2M	147.3M	136.9M	157.4M	165.3M
Other Current Liab	1.7M	379.4K	354K	2.3M	2.6M	2.7M
Total Current Liabilities	3.1M	13.6M	11.0M	2.3M	2.7M	3.5M
Total Stockholder Equity	64.3M	175.7M	135.1M	129.2M	148.6M	156.1M
Property Plant And Equipment Net	57.7M	56.3M	58.6M	3.2M	3.7M	3.5M
Net Debt	(8.7M)	987.6K	751K	(7.0M)	(8.1M)	(8.5M)
Retained Earnings	(59.9M)	41.2M	28.0M	20.2M	23.2M	24.4M
Accounts Payable	923.2K	658.1K	1.7M	1.8M	2.0M	1.2M
Cash	9.2M	11.7M	8.3M	7.4M	8.5M	8.5M
Non Current Assets Total	59.3M	187.9M	138.1M	113.2M	130.1M	136.6M
Cash And Short Term Investments	9.3M	11.7M	8.3M	21.7M	25.0M	26.2M
Net Receivables	63.0K	40.1K	374K	594K	683.1K	717.3K
Common Stock Shares Outstanding	146.0M	152.5M	154.0M	171.9M	197.7M	111.7M
Liabilities And Stockholders Equity	69.4M	200.2M	147.3M	136.9M	157.4M	165.3M
Other Current Assets	350K	528.8K	475K	1.4M	1.6M	1.7M
Other Stockholder Equity	1.4M	(3.9M)	3.4M	(55.7M)	(50.1M)	(47.6M)
Total Liab	3.9M	24.5M	12.2M	4.5M	5.1M	5.0M
Property Plant And Equipment Gross	57.7M	57.7M	60.3M	61.8M	71.0M	42.0M
Total Current Assets	10.1M	12.3M	9.2M	23.7M	27.3M	28.7M
Accumulated Other Comprehensive Income	(3.9M)	3.4M	(43.8M)	(67.5M)	(60.8M)	(57.7M)
Non Current Liabilities Total	861.9K	10.9M	1.2M	2.1M	2.4M	1.7M
Common Stock	128.2M	131.1M	150.9M	176.6M	203.1M	102.0M
Short Term Debt	426.1K	12.5M	8.9M	66K	75.9K	72.1K
Other Liab	816.7K	815.8K	10.8M	1.1M	1.3M	2.2M
Net Tangible Assets	65.6M	64.3M	175.7M	135.1M	155.4M	91.1M
Long Term Investments	1.1M	131.1M	79.0M	52.6M	60.5M	33.1M
Property Plant Equipment	59.5M	57.7M	56.3M	58.6M	67.4M	56.4M
Net Invested Capital	64.7M	188.2M	143.9M	129.2M	148.6M	115.9M
Net Working Capital	7.1M	(1.3M)	(1.8M)	21.4M	24.6M	25.8M
Capital Stock	128.2M	131.1M	150.9M	176.6M	203.1M	149.5M

Pair Trading with GoldMining

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

Moving against GoldMining Stock

0.47	BYD	Boyd Group Services	Pair Corr
0.4	FDY	Faraday Copper Corp	Pair Corr
0.34	IE	Ivanhoe Energy	Pair Corr
0.33	FFH	Fairfax Financial	Pair Corr
0.33	FSV	FirstService Corp	Pair Corr

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

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

When determining whether GoldMining is a strong investment it is important to analyze GoldMining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GoldMining's future performance. For an informed investment choice regarding GoldMining Stock, refer to the following important reports:

How To Invest In GoldMining

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Is GoldMining Stock a good investment?

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What is GoldMining's Net Worth?

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To learn how to invest in GoldMining Stock, please use our How to Invest in GoldMining guide.

You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Please note, there is a significant difference between GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoldMining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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GoldMining Historical Balance Sheet

About GoldMining Balance Sheet Analysis

GoldMining Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

GoldMining balance sheet Correlations

GoldMining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GoldMining balance sheet Accounts

Pair Trading with GoldMining

Moving against GoldMining Stock

COMMON DESTINATIONS

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Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Cash And Short Term Investments
Short Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Common Stock	+ 0.99	Common Stock Shares Outstanding

Other Stockholder Equity	- 0.89	Net Receivables
Other Stockholder Equity	- 0.84	Other Current Assets
Common Stock Total Equity	- 0.83	Current Deferred Revenue
Current Deferred Revenue	- 0.83	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.8	Common Stock
Short Term Investments	- 0.78	Other Stockholder Equity