Wallbridge Historical Balance Sheet

WM Stock  CAD 0.06  0.01  14.29%   
Trend analysis of Wallbridge Mining balance sheet accounts such as Total Assets of 347.7 M, Short Long Term Debt Total of 25 K, Total Current Liabilities of 9.9 M or Total Stockholder Equity of 310.8 M provides information on Wallbridge Mining's total assets, liabilities, and equity, which is the actual value of Wallbridge Mining to its prevalent stockholders. By breaking down trends over time using Wallbridge Mining 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.
 
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Covid
Financial Statement Analysis is much more than just reviewing and examining Wallbridge Mining 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 Wallbridge Mining is a good buy for the upcoming year.

Wallbridge Mining Inventory

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wallbridge Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

About Wallbridge Balance Sheet Analysis

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

Wallbridge Mining Balance Sheet Chart

At this time, Wallbridge Mining's Non Current Assets Total are very stable compared to the past year. As of the 22nd of December 2024, Cash And Short Term Investments is likely to grow to about 31.3 M, while Short and Long Term Debt Total is likely to drop about 25 K.

Total Assets

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

Liabilities And Stockholders Equity

The total of all liabilities and equity in the company, which should equal the company's total assets according to the accounting equation.
Most accounts from Wallbridge Mining's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Wallbridge Mining 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wallbridge Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Wallbridge Mining's Non Current Assets Total are very stable compared to the past year. As of the 22nd of December 2024, Cash And Short Term Investments is likely to grow to about 31.3 M, while Short and Long Term Debt Total is likely to drop about 25 K.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total98.6K40.5K26.3K25.0K
Total Assets350.1M320.1M331.2M347.7M

Wallbridge Mining balance sheet Correlations

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0.79-0.290.470.790.77-0.49-0.580.560.480.770.410.480.70.620.550.690.770.70.20.5-0.250.09-0.180.720.76
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0.33-0.170.360.310.40.03-0.530.29-0.030.38-0.06-0.020.20.40.50.340.550.40.10.58-0.140.560.150.380.36
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Wallbridge Mining Account Relationship Matchups

Wallbridge Mining balance sheet Accounts

201920202021202220232024 (projected)
Total Assets115.7M329.2M350.1M320.1M331.2M347.7M
Short Long Term Debt Total889.0K227.4K98.6K40.5K26.3K25.0K
Total Current Liabilities9.0M10.7M14.0M8.0M9.5M9.9M
Total Stockholder Equity103.3M309.8M320.1M289.2M296.0M310.8M
Property Plant And Equipment Net48.8M218.1M273.5M267.0M284.8M299.0M
Net Debt(56.2M)(84.8M)(38.8M)(23.6M)(29.8M)(28.3M)
Retained Earnings(54.5M)(74.4M)(82.3M)(113.8M)(124.3M)(118.0M)
Accounts Payable5.1M6.0M10.6M2.9M2.0M2.6M
Cash57.1M85.0M38.9M23.7M29.8M31.3M
Non Current Assets Total57.1M231.3M278.0M277.9M289.0M303.5M
Non Currrent Assets Other6.0M12.0M3.3M5.9M3.3M2.8M
Cash And Short Term Investments57.1M85.9M39.1M23.7M29.8M31.3M
Net Receivables1.4M11.7M32.6M15.5M9.2M9.6M
Common Stock Shares Outstanding466.8M689.1M808.1M872.9M941.5M988.6M
Liabilities And Stockholders Equity115.7M329.2M350.1M320.1M331.2M347.7M
Non Current Liabilities Total3.4M8.6M16.0M22.9M25.7M27.0M
Other Stockholder Equity8.0M11.9M10.9M12.3M13.6M10.0M
Total Liab12.4M19.3M30.0M30.9M35.2M36.9M
Property Plant And Equipment Gross48.8M218.1M277.2M272.1M291.5M306.1M
Total Current Assets58.6M97.8M72.1M42.2M42.1M44.2M
Accumulated Other Comprehensive Income1.5M(384.7K)(96.2K)(71.0K)58.5K55.6K
Other Current Assets120.6K182.2K433.1K2.5M3.1M3.3M
Other Current Liab2.8M4.5M3.4M5.1M7.5M7.8M
Short Term Debt718.9K126.4K97.2K11.7K9.1K8.7K
Short Term Investments120.57842.6K115.3K52.5K649.78617.29
Common Stock Total Equity63.8M73.9M149.4M372.4M428.2M449.6M
Common Stock149.4M372.4M391.5M390.7M406.6M426.9M
Current Deferred Revenue999.4K2.0M4.5M(2.0M)(2.3M)(2.2M)
Other Liab3.2M8.5M16.0M22.8M26.2M27.6M
Net Tangible Assets103.3M309.8M320.1M289.2M332.6M349.2M
Other Assets6.0M12.0M3.3M3.3M3.7M3.0M
Long Term Investments2.2M1.2M1.2M5.0M978.5K1.7M
Property Plant Equipment48.8M218.1M273.5M267.0M307.1M322.5M
Capital Surpluse8.0M11.6M10.8M12.3M14.2M10.4M
Long Term Debt Total170.1K101.1K1.4K28.9K26.0K24.7K
Cash And Equivalents57.1M85.0M38.9M23.7M27.2M34.0M
Net Invested Capital103.3M309.8M320.1M289.2M296.0M218.1M
Net Working Capital49.6M87.1M58.1M34.1M32.7M39.4M

Pair Trading with Wallbridge Mining

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 Wallbridge Mining 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 Wallbridge Mining will appreciate offsetting losses from the drop in the long position's value.

Moving together with Wallbridge Stock

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Moving against Wallbridge Stock

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The ability to find closely correlated positions to Wallbridge Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wallbridge Mining 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 Wallbridge Mining - 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 Wallbridge Mining to buy it.
The correlation of Wallbridge Mining 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 Wallbridge Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wallbridge Mining 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 Wallbridge Mining 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 CorrelationCorrelation Matching

Other Information on Investing in Wallbridge Stock

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