SolGold Historical Income Statement
| SOLG Stock | CAD 0.12 0.01 7.69% |
Historical analysis of SolGold PLC income statement accounts such as Income Tax Expense of 1.4 M, Selling General Administrative of 30.4 M, Total Revenue of 0.0 or Cost Of Revenue of 359.9 K can show how well SolGold PLC performed in making a profits. Evaluating SolGold PLC income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of SolGold PLC's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining SolGold PLC 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 SolGold PLC is a good buy for the upcoming year.
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About SolGold Income Statement Analysis
SolGold PLC 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 SolGold PLC shareholders. The income statement also shows SolGold 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).
SolGold PLC Income Statement Chart
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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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of SolGold PLC. It is also known as SolGold PLC 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 SolGold PLC 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 SolGold PLC 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Gross Profit
Gross profit is a required income statement account that reflects total revenue of SolGold PLC minus its cost of goods sold. It is profit before SolGold PLC operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from SolGold PLC's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into SolGold PLC 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 SolGold PLC. 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, SolGold PLC's Cost Of Revenue is very stable compared to the past year. As of the 22nd of December 2024, Minority Interest is likely to grow to about 97.7 K, though Operating Income is likely to grow to (19.2 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 12.6M | 13.2M | 15.2M | 15.9M | Depreciation And Amortization | 619.0K | 298.1K | 342.8K | 359.9K |
SolGold PLC income statement Correlations
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SolGold PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SolGold PLC income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 685.3K | 582.0K | 619.0K | 298.1K | 342.8K | 359.9K | |
| Interest Expense | 425.4K | 10.1M | 12.6M | 13.2M | 15.2M | 15.9M | |
| Other Operating Expenses | 13.6M | 12.9M | 17.6M | 24.9M | 28.6M | 30.1M | |
| Operating Income | (13.8M) | (12.9M) | (21.4M) | (22.4M) | (20.2M) | (19.2M) | |
| Ebit | (12.7M) | (12.1M) | 18.7M | (24.9M) | (22.4M) | (21.3M) | |
| Ebitda | (12.0M) | (11.5M) | 19.3M | (24.6M) | (22.2M) | (21.1M) | |
| Total Operating Expenses | 13.6M | 12.9M | 17.6M | 24.6M | 28.3M | 29.7M | |
| Income Before Tax | (13.0M) | (22.7M) | 2.8M | (49.3M) | (44.4M) | (42.2M) | |
| Total Other Income Expense Net | 766.3K | (9.0M) | 24.3M | (26.9M) | (24.2M) | (23.0M) | |
| Net Income | (14.1M) | (22.8M) | (1.6M) | (50.3M) | (45.3M) | (43.0M) | |
| Income Tax Expense | 1.1M | 151.2K | 4.5M | 1.1M | 1.3M | 1.4M | |
| Selling General Administrative | 12.4M | 12.5M | 17.6M | 25.1M | 28.9M | 30.4M | |
| Net Income From Continuing Ops | (14.1M) | (22.9M) | (1.7M) | (50.4M) | (45.4M) | (43.1M) | |
| Net Income Applicable To Common Shares | (14.1M) | (23.6M) | (1.6M) | (50.3M) | (45.3M) | (43.0M) | |
| Minority Interest | (498.1K) | (579.9K) | 114.1K | 103.4K | 93.0K | 97.7K | |
| Interest Income | 367.8K | 10.2M | 839.1K | 94.1K | 108.2K | 102.8K | |
| Tax Provision | 1.1M | 151.2K | 4.5M | 1.1M | 1.3M | 918.8K | |
| Net Interest Income | 87.9K | (9.6M) | 23.3M | (13.1M) | (11.8M) | (11.2M) | |
| Reconciled Depreciation | 685.3K | 582.0K | 619.0K | 298.1K | 342.8K | 367.6K |
Pair Trading with SolGold PLC
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 SolGold PLC 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 SolGold PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with SolGold Stock
Moving against SolGold Stock
| 0.92 | FFH | Fairfax Financial | PairCorr |
| 0.9 | EIT-UN | Canoe EIT Income | PairCorr |
| 0.84 | ENS-PA | E Split Corp | PairCorr |
| 0.82 | DGS | Dividend Growth Split | PairCorr |
| 0.81 | ERE-UN | European Residential Real | PairCorr |
The ability to find closely correlated positions to SolGold PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SolGold PLC 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 SolGold PLC - 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 SolGold PLC to buy it.
The correlation of SolGold PLC 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 SolGold PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SolGold PLC 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 SolGold PLC 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 SolGold Stock
SolGold PLC 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 SolGold PLC shareholders. The income statement also shows SolGold 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).