SilverCrest Historical Balance Sheet
SIL Stock | 14.26 0.06 0.42% |
Trend analysis of SilverCrest Metals balance sheet accounts such as Property Plant And Equipment Net of 259.1 M, Cash of 71.3 M, Non Current Assets Total of 295.7 M or Non Currrent Assets Other of 7.7 M provides information on SilverCrest Metals' total assets, liabilities, and equity, which is the actual value of SilverCrest Metals to its prevalent stockholders. By breaking down trends over time using SilverCrest Metals 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 SilverCrest Metals 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 SilverCrest Metals is a good buy for the upcoming year.
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About SilverCrest Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of SilverCrest Metals at a specified time, usually calculated after every quarter, six months, or one year. SilverCrest Metals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SilverCrest Metals 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 SilverCrest currently owns. An asset can also be divided into two categories, current and non-current.
SilverCrest Metals Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of SilverCrest Metals 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 SilverCrest Metals 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 SilverCrest Metals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of SilverCrest Metals 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.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.Most accounts from SilverCrest Metals' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into SilverCrest Metals 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SilverCrest Metals. 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 SilverCrest Stock, please use our How to Invest in SilverCrest Metals guide.At this time, SilverCrest Metals' Net Receivables is very stable compared to the past year. As of the 28th of November 2024, Common Stock Total Equity is likely to grow to about 321.1 M, though Net Debt is likely to grow to (81.4 M).
2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 7.4M | 10.1M | 15.2M | 15.9M | Total Assets | 369.0M | 355.3M | 460.2M | 483.2M |
SilverCrest Metals balance sheet Correlations
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SilverCrest Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SilverCrest Metals balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 98.0M | 191.7M | 369.0M | 355.3M | 460.2M | 483.2M | |
Other Current Liab | 3.8M | 13.4M | 7.4M | 10.1M | 15.2M | 15.9M | |
Total Current Liabilities | 3.9M | 13.6M | 10.6M | 36.9M | 51.8M | 54.4M | |
Total Stockholder Equity | 93.8M | 149M | 268.3M | 277.0M | 402.3M | 422.4M | |
Property Plant And Equipment Net | 6.3M | 39.0M | 165.7M | 228.1M | 246.7M | 259.1M | |
Net Debt | (84.1M) | (105.9M) | (88.9M) | (794K) | (85.7M) | (81.4M) | |
Retained Earnings | (75.5M) | (134.8M) | (157.4M) | (126.0M) | (12.4M) | (13.0M) | |
Cash | 84.5M | 135.1M | 176.5M | 50.8M | 86.0M | 71.3M | |
Non Current Assets Total | 11.4M | 51.3M | 178.9M | 243.6M | 281.6M | 295.7M | |
Non Currrent Assets Other | 5.0M | 12.3M | 13.2M | 15.5M | 12.2M | 7.7M | |
Other Assets | 5.0M | 12.3M | 13.2M | 27K | 31.1K | 29.5K | |
Cash And Short Term Investments | 84.5M | 135.1M | 176.5M | 50.8M | 86.0M | 71.9M | |
Net Receivables | 1.7M | 687K | 10.3M | 16.2M | 16.4M | 17.2M | |
Common Stock Total Equity | 29.9M | 86.7M | 209.7M | 265.9M | 305.8M | 321.1M | |
Common Stock Shares Outstanding | 88.6M | 123.0M | 142.6M | 152.2M | 146.9M | 103.4M | |
Liabilities And Stockholders Equity | 98.0M | 191.7M | 369.0M | 355.3M | 460.2M | 483.2M | |
Other Current Assets | 2.8M | 4.6M | 3.3M | 4.7M | 26.4M | 27.7M | |
Other Stockholder Equity | 8.7M | 9.0M | 9.8M | 10.9M | 11.3M | 11.9M | |
Total Liab | 4.2M | 42.7M | 100.7M | 78.4M | 57.8M | 34.9M | |
Property Plant And Equipment Gross | 8.3M | 39.0M | 167.9M | 236.9M | 284.2M | 298.4M | |
Total Current Assets | 86.6M | 140.4M | 190.1M | 111.8M | 178.5M | 93.3M | |
Accumulated Other Comprehensive Income | (412.1K) | 8.9M | 14.2M | (13.8M) | (3.5M) | (3.4M) | |
Common Stock | 160.6M | 265.9M | 401.7M | 405.8M | 406.9M | 213.7M | |
Property Plant Equipment | 6.4M | 39.0M | 165.7M | 228.1M | 262.3M | 275.4M | |
Net Tangible Assets | 94.3M | 149M | 268.3M | 277.0M | 318.5M | 334.5M | |
Accounts Payable | 3.7M | 13.4M | 3.0M | 7.6M | 2.9M | 4.5M | |
Long Term Debt Total | 356.7K | 29.1M | 87.4M | 36.5M | 41.9M | 24.1M | |
Non Current Liabilities Total | 273.1K | 29.1M | 90.1M | 41.4M | 6.1M | 5.8M | |
Inventory | (2.3M) | (2.1M) | 0.0 | 40.2M | 49.8M | 52.3M | |
Cash And Equivalents | 86.5M | 135.1M | 176.5M | 50.8M | 58.4M | 78.3M | |
Short Term Debt | 134.4K | 138K | 178K | 13.5M | 67K | 63.7K | |
Net Invested Capital | 93.8M | 178.0M | 355.4M | 326.6M | 402.3M | 225.6M | |
Net Working Capital | 82.7M | 126.9M | 179.6M | 74.9M | 126.8M | 99.0M | |
Capital Stock | 160.6M | 265.9M | 401.7M | 405.8M | 406.9M | 312.5M |
Pair Trading with SilverCrest Metals
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 SilverCrest Metals 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 SilverCrest Metals will appreciate offsetting losses from the drop in the long position's value.Moving together with SilverCrest Stock
0.92 | AG | First Majestic Silver | PairCorr |
0.85 | IE | Ivanhoe Energy | PairCorr |
0.85 | FDY | Faraday Copper Corp | PairCorr |
Moving against SilverCrest Stock
0.69 | AVCN | Avicanna | PairCorr |
0.57 | HPQ | HPQ Silicon Resources | PairCorr |
0.55 | INFM | Infinico Metals Corp | PairCorr |
0.36 | NG | NovaGold Resources | PairCorr |
The ability to find closely correlated positions to SilverCrest Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SilverCrest Metals 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 SilverCrest Metals - 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 SilverCrest Metals to buy it.
The correlation of SilverCrest Metals 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 SilverCrest Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SilverCrest Metals 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 SilverCrest Metals 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SilverCrest Metals. 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 SilverCrest Stock, please use our How to Invest in SilverCrest Metals guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.