TRX Historical Balance Sheet

TNX Stock

CAD 45.70 0.76 1.69%

Trend analysis of TRX Gold Corp balance sheet accounts such as Property Plant And Equipment Net of 77.4 M, Accounts Payable of 14 M, Cash of 5 M or Non Current Assets Total of 80.9 M provides information on TRX Gold's total assets, liabilities, and equity, which is the actual value of TRX Gold Corp to its prevalent stockholders. By breaking down trends over time using TRX Gold 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

Housing Crash

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Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining TRX Gold Corp 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 TRX Gold Corp is a good buy for the upcoming year.

TRX Gold Inventory

5.99 Million

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TRX Gold Corp. 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.

About TRX Balance Sheet Analysis

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

TRX Gold Balance Sheet Chart

At this time, TRX Gold's Other Assets are very stable compared to the past year. As of the 22nd of December 2024, Net Receivables is likely to grow to about 3.8 M, while Total Stockholder Equity is likely to drop about 31 M.

Total Assets Total Current Liabilities Total Stockholder Equity Property Plant And Equipment Net Accounts Payable Accumulated Other Comprehensive Income

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Total Assets

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

Accounts Payable

An accounting item on the balance sheet that represents TRX Gold obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of TRX Gold Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Accumulated Other Comprehensive Income

Gains and losses not included in net income that are recorded in shareholders' equity, reflecting changes in the value of assets or liabilities that are not realized.

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

	2021	2022	2023	2024 (projected)
Total Stockholder Equity	48.8M	53.9M	62.0M	31.0M
Total Current Liabilities	17.3M	17.8M	20.5M	21.5M

Total Stockholder Equity Total Current Liabilities

TRX Gold 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	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Current Liabilities Total	Short Term Investments	Short Long Term Debt Total	Short Term Debt	Common Stock Total Equity	Common Stock
Total Assets		0.65	0.77	0.75	0.96	-0.54	-0.62	0.83	0.46	0.97	-0.26	0.46	0.86	0.87	0.87	0.88	0.37	0.81	0.9	0.85	0.54	-0.52	-0.49	-0.49	0.61	0.77
Other Current Liab	0.65		0.59	0.57	0.58	-0.48	-0.48	0.39	0.41	0.61	-0.21	0.41	0.57	0.55	0.57	0.61	0.15	0.56	0.44	0.61	0.21	-0.26	-0.47	-0.5	0.4	0.63
Total Current Liabilities	0.77	0.59		0.32	0.76	-0.05	-0.77	0.92	0.03	0.79	-0.52	0.03	0.86	0.89	0.88	0.87	0.56	0.95	0.76	0.54	0.37	-0.4	-0.15	-0.12	0.71	0.74
Total Stockholder Equity	0.75	0.57	0.32		0.71	-0.68	-0.45	0.37	0.65	0.7	0.05	0.65	0.47	0.51	0.47	0.49	-0.19	0.36	0.63	0.69	0.31	-0.53	-0.52	-0.54	0.56	0.73
Property Plant And Equipment Net	0.96	0.58	0.76	0.71		-0.34	-0.64	0.81	0.28	0.99	-0.09	0.28	0.8	0.8	0.8	0.8	0.24	0.78	0.97	0.67	0.44	-0.65	-0.35	-0.35	0.57	0.71
Net Debt	-0.54	-0.48	-0.05	-0.68	-0.34		0.19	-0.16	-0.95	-0.35	0.2	-0.95	-0.3	-0.36	-0.32	-0.35	-0.07	-0.19	-0.19	-0.85	-0.45	0.11	0.65	0.68	-0.26	-0.47
Retained Earnings	-0.62	-0.48	-0.77	-0.45	-0.64	0.19		-0.68	-0.25	-0.62	0.47	-0.25	-0.57	-0.78	-0.59	-0.57	-0.19	-0.75	-0.65	-0.5	-0.32	0.7	-0.03	-0.06	-0.9	-0.84
Accounts Payable	0.83	0.39	0.92	0.37	0.81	-0.16	-0.68		0.12	0.84	-0.54	0.12	0.9	0.93	0.93	0.91	0.64	0.92	0.81	0.63	0.5	-0.35	-0.27	-0.24	0.68	0.72
Cash	0.46	0.41	0.03	0.65	0.28	-0.95	-0.25	0.12		0.27	-0.14	1.0	0.17	0.29	0.2	0.22	-0.04	0.21	0.15	0.81	0.56	-0.21	-0.39	-0.44	0.32	0.47
Non Current Assets Total	0.97	0.61	0.79	0.7	0.99	-0.35	-0.62	0.84	0.27		-0.15	0.27	0.85	0.84	0.85	0.85	0.32	0.8	0.96	0.7	0.44	-0.58	-0.41	-0.4	0.58	0.72
Non Currrent Assets Other	-0.26	-0.21	-0.52	0.05	-0.09	0.2	0.47	-0.54	-0.14	-0.15		-0.14	-0.58	-0.63	-0.58	-0.58	-0.66	-0.47	-0.05	-0.43	-0.11	-0.22	0.3	0.22	-0.57	-0.53
Cash And Short Term Investments	0.46	0.41	0.03	0.65	0.28	-0.95	-0.25	0.12	1.0	0.27	-0.14		0.17	0.29	0.2	0.22	-0.04	0.21	0.15	0.81	0.56	-0.21	-0.39	-0.44	0.32	0.47
Net Receivables	0.86	0.57	0.86	0.47	0.8	-0.3	-0.57	0.9	0.17	0.85	-0.58	0.17		0.93	0.98	0.99	0.64	0.83	0.75	0.71	0.38	-0.22	-0.53	-0.47	0.61	0.73
Common Stock Shares Outstanding	0.87	0.55	0.89	0.51	0.8	-0.36	-0.78	0.93	0.29	0.84	-0.63	0.29	0.93		0.94	0.94	0.6	0.87	0.78	0.76	0.42	-0.39	-0.43	-0.38	0.8	0.85
Inventory	0.87	0.57	0.88	0.47	0.8	-0.32	-0.59	0.93	0.2	0.85	-0.58	0.2	0.98	0.94		1.0	0.68	0.87	0.76	0.73	0.43	-0.2	-0.53	-0.49	0.63	0.75
Other Current Assets	0.88	0.61	0.87	0.49	0.8	-0.35	-0.57	0.91	0.22	0.85	-0.58	0.22	0.99	0.94	1.0		0.67	0.85	0.74	0.75	0.42	-0.19	-0.56	-0.52	0.61	0.75
Other Stockholder Equity	0.37	0.15	0.56	-0.19	0.24	-0.07	-0.19	0.64	-0.04	0.32	-0.66	-0.04	0.64	0.6	0.68	0.67		0.58	0.22	0.4	0.37	0.32	-0.31	-0.27	0.18	0.23
Total Liab	0.81	0.56	0.95	0.36	0.78	-0.19	-0.75	0.92	0.21	0.8	-0.47	0.21	0.83	0.87	0.87	0.85	0.58		0.77	0.66	0.64	-0.44	-0.11	-0.1	0.68	0.73
Property Plant And Equipment Gross	0.9	0.44	0.76	0.63	0.97	-0.19	-0.65	0.81	0.15	0.96	-0.05	0.15	0.75	0.78	0.76	0.74	0.22	0.77		0.56	0.42	-0.72	-0.22	-0.2	0.59	0.65
Total Current Assets	0.85	0.61	0.54	0.69	0.67	-0.85	-0.5	0.63	0.81	0.7	-0.43	0.81	0.71	0.76	0.73	0.75	0.4	0.66	0.56		0.65	-0.27	-0.59	-0.59	0.54	0.72
Non Current Liabilities Total	0.54	0.21	0.37	0.31	0.44	-0.45	-0.32	0.5	0.56	0.44	-0.11	0.56	0.38	0.42	0.43	0.42	0.37	0.64	0.42	0.65		-0.29	0.02	-0.05	0.28	0.34
Short Term Investments	-0.52	-0.26	-0.4	-0.53	-0.65	0.11	0.7	-0.35	-0.21	-0.58	-0.22	-0.21	-0.22	-0.39	-0.2	-0.19	0.32	-0.44	-0.72	-0.27	-0.29		-0.23	-0.23	-0.54	-0.47
Short Long Term Debt Total	-0.49	-0.47	-0.15	-0.52	-0.35	0.65	-0.03	-0.27	-0.39	-0.41	0.3	-0.39	-0.53	-0.43	-0.53	-0.56	-0.31	-0.11	-0.22	-0.59	0.02	-0.23		0.98	-0.13	-0.37
Short Term Debt	-0.49	-0.5	-0.12	-0.54	-0.35	0.68	-0.06	-0.24	-0.44	-0.4	0.22	-0.44	-0.47	-0.38	-0.49	-0.52	-0.27	-0.1	-0.2	-0.59	-0.05	-0.23	0.98		-0.07	-0.34
Common Stock Total Equity	0.61	0.4	0.71	0.56	0.57	-0.26	-0.9	0.68	0.32	0.58	-0.57	0.32	0.61	0.8	0.63	0.61	0.18	0.68	0.59	0.54	0.28	-0.54	-0.13	-0.07		0.93
Common Stock	0.77	0.63	0.74	0.73	0.71	-0.47	-0.84	0.72	0.47	0.72	-0.53	0.47	0.73	0.85	0.75	0.75	0.23	0.73	0.65	0.72	0.34	-0.47	-0.37	-0.34	0.93

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TRX Gold Account Relationship Matchups

TRX Gold balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.1M	56.5M	71.8M	84.2M	96.8M	101.7M
Other Current Liab	550.4K	2.1M	9.2M	3.5M	4.1M	4.3M
Total Current Liabilities	10.6M	7.4M	17.3M	17.8M	20.5M	21.5M
Total Stockholder Equity	25.1M	48.0M	48.8M	53.9M	62.0M	31.0M
Property Plant And Equipment Net	32.7M	41.1M	51.6M	64.1M	73.7M	77.4M
Net Debt	1.1M	(13.4M)	(8.5M)	(7.5M)	(6.8M)	(6.4M)
Retained Earnings	(113.9M)	(117.5M)	(123.7M)	(121.4M)	(109.3M)	(103.8M)
Accounts Payable	4.9M	5.3M	5.6M	11.6M	13.3M	14.0M
Cash	4.0M	13.4M	8.5M	7.6M	8.8M	5.0M
Non Current Assets Total	32.7M	41.1M	56.0M	67.0M	77.1M	80.9M
Non Currrent Assets Other	51.9M	391.2K	4.4M	2.9M	3.4M	3.2M
Cash And Short Term Investments	4.0M	13.4M	8.5M	7.6M	8.8M	5.1M
Net Receivables	546.0K	460K	2.5M	3.1M	3.6M	3.8M
Common Stock Shares Outstanding	166.5M	232.2M	267.0M	288.5M	331.8M	348.4M
Liabilities And Stockholders Equity	38.1M	56.5M	71.8M	84.2M	96.8M	101.7M
Inventory	724.7K	1.2M	3.6M	5.0M	5.7M	6.0M
Other Current Assets	86.8K	332K	1.2M	1.5M	1.7M	1.8M
Other Stockholder Equity	3.4M	7.3M	8.5M	10.5M	9.5M	17.9M
Total Liab	13.2M	10.1M	20.7M	23.1M	26.6M	27.9M
Property Plant And Equipment Gross	42.8M	42.9M	53.9M	68.1M	78.3M	82.2M
Total Current Assets	5.4M	15.4M	15.9M	17.2M	19.8M	20.8M
Non Current Liabilities Total	2.7M	2.7M	3.4M	5.3M	6.1M	6.4M
Short Long Term Debt Total	5.8M	5.2M	5.1M	101K	116.2K	110.3K
Short Term Debt	5.2M	5.1M	0.0	65K	74.8K	71.0K
Common Stock	136.4M	158.1M	163.9M	164.8M	189.5M	130.3M
Net Tangible Assets	17.8M	32.8M	48.0M	48.8M	43.9M	30.6M
Property Plant Equipment	33.5M	42.8M	41.1M	51.6M	46.5M	37.4M
Other Liab	5.2M	3.5M	2.7M	3.4M	4.0M	3.8M
Capital Lease Obligations	78.8K	88.2K	0.0	101K	90.9K	87.1K
Net Invested Capital	39.5M	48.0M	48.8M	53.9M	62.0M	46.7M
Net Working Capital	(6.8M)	8.0M	(1.4M)	(617K)	(709.6K)	(745.0K)
Capital Stock	136.4M	158.1M	163.9M	164.8M	189.5M	151.7M

Pair Trading with TRX Gold

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

Moving against TRX Stock

0.72	ORE	Orezone Gold Corp	Pair Corr
0.67	VZ	Verizon Communications	Pair Corr
0.62	INFM	Infinico Metals Corp	Pair Corr

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

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

Other Information on Investing in TRX Stock

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TRX Historical Balance Sheet

TRX Gold Inventory

5.99 Million

About TRX Balance Sheet Analysis

TRX Gold Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Property Plant And Equipment Net

Accounts Payable

Accumulated Other Comprehensive Income

TRX Gold balance sheet Correlations

TRX Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TRX Gold balance sheet Accounts

Pair Trading with TRX Gold

Moving against TRX Stock

Other Information on Investing in TRX Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Other Current Assets	+ 1.0	Inventory
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Other Current Assets	+ 0.99	Net Receivables
Inventory	+ 0.98	Net Receivables
Short Term Debt	+ 0.98	Short Long Term Debt Total

Cash And Short Term Investments	- 0.95	Net Debt
Cash	- 0.95	Net Debt
Common Stock Total Equity	- 0.9	Retained Earnings
Total Current Assets	- 0.85	Net Debt
Common Stock	- 0.84	Retained Earnings
Common Stock Shares Outstanding	- 0.78	Retained Earnings