Solaris Historical Income Statement
| SLS Stock | 4.51 0.23 5.37% |
Historical analysis of Solaris Resources income statement accounts such as Selling And Marketing Expenses of 29.4 K, Total Revenue of 0.0, Other Operating Expenses of 30 M or Total Operating Expenses of 30 M can show how well Solaris Resources performed in making a profits. Evaluating Solaris Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Solaris Resources's future profits or losses.
Solaris Resources Net Income |
|
Solaris |
About Solaris Income Statement Analysis
Solaris Resources Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Solaris Resources shareholders. The income statement also shows Solaris investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Solaris Resources Income Statement Chart
Add Fundamental
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Solaris Resources. It is also known as Solaris Resources overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Solaris Resources operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Solaris Resources is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Solaris Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Solaris Resources current financial condition. On the other hand, looking into the entire matrix of income statement 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 Solaris 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 board of governors. At this time, Solaris Resources' Depreciation And Amortization is very stable compared to the past year. As of the 22nd of December 2024, Interest Expense is likely to grow to about 1.9 M, while Interest Income is likely to drop about 482.6 K.
Solaris Resources income statement Correlations
Click cells to compare fundamentals
Solaris Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Solaris Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Income | 38K | 6.6M | 398K | 1.7M | 508K | 482.6K | |
| Depreciation And Amortization | 7K | 68K | 408K | 783K | 1.0M | 1.1M | |
| Selling General Administrative | 1.3M | 3.7M | 8.9M | 8.2M | 10.2M | 5.2M | |
| Selling And Marketing Expenses | 214K | 147K | 624K | 647K | 31.0K | 29.4K | |
| Other Operating Expenses | 5.4M | 19.3M | 59.4M | 60.3M | 41.6M | 30.0M | |
| Operating Income | (5.4M) | (19.3M) | (59.4M) | (60.3M) | (41.4M) | (43.5M) | |
| Ebit | (9.6M) | (12.6M) | (60.9M) | (61.7M) | (41.4M) | (43.5M) | |
| Ebitda | (9.6M) | (12.6M) | (60.5M) | (60.9M) | (40.4M) | (42.4M) | |
| Total Operating Expenses | 5.4M | 19.3M | 59.4M | 60.3M | 41.6M | 30.0M | |
| Income Before Tax | (1.0M) | (26.0M) | (56.9M) | (58.7M) | (41.1M) | (43.1M) | |
| Total Other Income Expense Net | 4.4M | (6.7M) | 2.5M | 1.6M | 339K | 493.9K | |
| Net Income Applicable To Common Shares | (2.7M) | (25.9M) | (56.8M) | (58.7M) | (52.8M) | (50.2M) | |
| Net Income | 3.3M | (32.5M) | (54.9M) | (55.7M) | (41.0M) | (43.1M) | |
| Minority Interest | 7.8M | 7.9M | 61K | 59K | 75K | 71.3K | |
| Net Interest Income | 38K | 88K | 398K | 366K | 508K | 256.3K | |
| Net Income From Continuing Ops | (1.0M) | (26.0M) | (56.9M) | (58.7M) | (41.1M) | (43.1M) | |
| Reconciled Depreciation | 13K | 68K | 408K | 783K | 928K | 974.4K | |
| Income Tax Expense | (4.3M) | 6.6M | (2.0M) | (3.0M) | (75.0) | (78.75) |
Pair Trading with Solaris 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 Solaris 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 Solaris Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Solaris Stock
| 0.71 | FDY | Faraday Copper Corp | PairCorr |
| 0.69 | INFM | Infinico Metals Corp | PairCorr |
| 0.65 | ORE | Orezone Gold Corp | PairCorr |
| 0.51 | PIC-A | Premium Income Split | PairCorr |
| 0.44 | AG | First Majestic Silver | PairCorr |
The ability to find closely correlated positions to Solaris 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 Solaris 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 Solaris 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 Solaris Resources to buy it.
The correlation of Solaris 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 Solaris Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solaris 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 Solaris 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.Other Information on Investing in Solaris Stock
Solaris Resources Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Solaris Resources shareholders. The income statement also shows Solaris investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).