HudBay Historical Balance Sheet
HBM Stock | CAD 12.53 0.03 0.24% |
Trend analysis of HudBay Minerals balance sheet accounts such as Total Current Liabilities of 564.2 M or Total Stockholder Equity of 1.3 B provides information on HudBay Minerals' total assets, liabilities, and equity, which is the actual value of HudBay Minerals to its prevalent stockholders. By breaking down trends over time using HudBay Minerals 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 HudBay Minerals 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 HudBay Minerals is a good buy for the upcoming year.
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About HudBay Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of HudBay Minerals at a specified time, usually calculated after every quarter, six months, or one year. HudBay Minerals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of HudBay Minerals 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 HudBay currently owns. An asset can also be divided into two categories, current and non-current.
HudBay Minerals Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of HudBay Minerals 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 HudBay Minerals 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 HudBay Minerals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of HudBay Minerals 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 HudBay Minerals' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into HudBay Minerals 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 HudBay Minerals. 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 HudBay Stock, please use our How to Invest in HudBay Minerals guide.At this time, HudBay Minerals' Non Current Assets Total are very stable compared to the past year. As of the 5th of December 2024, Non Currrent Assets Other is likely to grow to about 248.8 M, while Total Assets are likely to drop about 2.7 B.
2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 376.2M | 343.6M | 385.7M | 405.0M | Total Assets | 4.6B | 4.3B | 5.3B | 2.7B |
HudBay Minerals balance sheet Correlations
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HudBay Minerals Account Relationship Matchups
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HudBay Minerals balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.5B | 4.7B | 4.6B | 4.3B | 5.3B | 2.7B | |
Other Current Liab | 288.1M | 308.0M | 376.2M | 343.6M | 385.7M | 405.0M | |
Total Current Liabilities | 391.8M | 448.8M | 509.2M | 447.6M | 537.3M | 564.2M | |
Total Stockholder Equity | 1.8B | 1.7B | 1.5B | 1.6B | 2.1B | 1.3B | |
Property Plant And Equipment Net | 3.7B | 3.7B | 3.7B | 3.6B | 4.3B | 4.5B | |
Net Debt | 671.1M | 760.1M | 987.3M | 1.0B | 1.1B | 1.2B | |
Retained Earnings | 95.0M | (53.3M) | (301.8M) | (235.5M) | (173.6M) | (164.9M) | |
Accounts Payable | 68.7M | 104.6M | 84.3M | 83.8M | 69.3M | 71.4M | |
Cash | 396.1M | 439.1M | 271.0M | 225.7M | 249.8M | 355.6M | |
Non Current Assets Total | 3.8B | 3.9B | 4.0B | 3.8B | 4.6B | 4.9B | |
Non Currrent Assets Other | 44.1M | 56.3M | 67.9M | 109.1M | 237.0M | 248.8M | |
Other Assets | 119.1M | 158.2M | 201.5M | 176.4M | 202.8M | 213.0M | |
Cash And Short Term Investments | 396.1M | 439.1M | 271.0M | 225.7M | 250.5M | 343.7M | |
Net Receivables | 113.3M | 153.6M | 166.5M | 122.3M | 169.8M | 99.1M | |
Liabilities And Stockholders Equity | 4.5B | 4.7B | 4.6B | 4.3B | 5.3B | 2.7B | |
Non Current Liabilities Total | 2.2B | 2.5B | 2.6B | 2.3B | 2.6B | 1.4B | |
Inventory | 138.8M | 143.1M | 158.5M | 155.0M | 207.3M | 107.0M | |
Other Current Assets | 40.7M | 65.6M | 60.8M | 59.4M | 45.6M | 89.3M | |
Other Stockholder Equity | (24.3M) | (24.2M) | (182K) | 60.2M | 54.2M | 80.0M | |
Total Liab | 2.6B | 3.0B | 3.1B | 2.8B | 3.1B | 3.3B | |
Property Plant And Equipment Gross | 3.7B | 3.7B | 6.6B | 5.3B | 6.9B | 7.2B | |
Total Current Assets | 663.0M | 755.7M | 656.7M | 524.2M | 673.2M | 601.2M | |
Accumulated Other Comprehensive Income | (24.3M) | (24.2M) | (182K) | 26.5M | 30.2M | 31.7M | |
Short Long Term Debt Total | 1.1B | 1.2B | 1.3B | 1.2B | 1.4B | 736.5M | |
Short Term Debt | 32.8M | 33.5M | 33.5M | 16.2M | 28.9M | 40.4M | |
Current Deferred Revenue | 87.9M | 104.4M | 96.9M | 79.7M | 88.3M | 62.2M | |
Intangible Assets | 5.0M | 5.4M | 5.9M | 4.8M | 4.0M | 5.6M | |
Other Liab | 1.2B | 1.4B | 1.4B | 1.1B | 1.2B | 1.3B | |
Net Tangible Assets | 1.8B | 1.7B | 1.5B | 1.6B | 1.4B | 1.4B | |
Long Term Debt | 985.3M | 1.1B | 1.2B | 1.2B | 1.3B | 1.2B | |
Long Term Investments | 11.3M | 15.7M | 11.2M | 9.8M | 7.1M | 13.1M | |
Property Plant Equipment | 3.7B | 3.7B | 3.7B | 3.6B | 4.1B | 4.1B | |
Long Term Debt Total | 1.0B | 1.2B | 1.2B | 1.2B | 1.4B | 1.3B |
Pair Trading with HudBay Minerals
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 HudBay Minerals 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 HudBay Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with HudBay Stock
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Moving against HudBay Stock
The ability to find closely correlated positions to HudBay Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HudBay Minerals 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 HudBay Minerals - 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 HudBay Minerals to buy it.
The correlation of HudBay Minerals 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 HudBay Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HudBay Minerals 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 HudBay Minerals 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HudBay Minerals. 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 HudBay Stock, please use our How to Invest in HudBay Minerals guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.