Parex Historical Balance Sheet

PXT Stock

CAD 13.57 0.18 1.31%

Trend analysis of Parex Resources balance sheet accounts such as Property Plant And Equipment Net of 787.8 M, Retained Earnings of 1.3 B, Accounts Payable of 240.5 M or Cash of 210.8 M provides information on Parex Resources' total assets, liabilities, and equity, which is the actual value of Parex Resources to its prevalent stockholders. By breaking down trends over time using Parex Resources 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

Covid

Financial Statement Analysis is much more than just reviewing and examining Parex Resources 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 Parex Resources is a good buy for the upcoming year.

Parex Resources Inventory

4.17 Million

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parex 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.

About Parex Balance Sheet Analysis

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

Parex Resources Balance Sheet Chart

At this time, Parex Resources' Cash And Short Term Investments are very stable compared to the past year. As of the 16th of December 2024, Common Stock Shares Outstanding is likely to grow to about 129.4 M, while Total Assets are likely to drop about 1.3 B.

Total Assets Other Current Liab Total Current Liabilities Property Plant And Equipment Net

Add Fundamental

Total Assets

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

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 Parex Resources' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Parex Resources 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Parex 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.

	2021	2022	2023	2024 (projected)
Other Current Liabilities	47.5M	217.8M	29.1M	56.4M
Total Assets	1.8B	2.3B	2.4B	1.3B

Other Current Liab Total Assets

Parex Resources 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Current Liabilities Total	Non Currrent Assets Other	Short Long Term Debt Total	Good Will	Inventory	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.6	0.81	0.87	0.98	-0.62	0.75	0.45	0.72	0.82	0.72	0.63	0.35	0.46	-0.22	0.78	0.73	0.83	0.12	0.27	-0.2	0.75	-0.67	0.69	0.5	-0.5
Other Current Liab	0.6		0.88	0.49	0.49	-0.72	0.39	-0.17	0.74	0.42	0.74	0.23	0.31	0.1	-0.2	0.62	0.36	0.73	-0.37	0.11	-0.42	0.3	-0.46	0.44	0.41	-0.55
Total Current Liabilities	0.81	0.88		0.64	0.74	-0.63	0.56	0.19	0.7	0.62	0.7	0.5	0.28	0.27	-0.24	0.9	0.57	0.79	0.01	0.26	-0.23	0.43	-0.48	0.45	0.34	-0.39
Total Stockholder Equity	0.87	0.49	0.64		0.85	-0.49	0.92	0.62	0.66	0.97	0.66	0.52	0.33	0.64	-0.25	0.58	0.88	0.74	0.03	0.41	0.0	0.82	-0.67	0.72	0.58	-0.59
Property Plant And Equipment Net	0.98	0.49	0.74	0.85		-0.5	0.72	0.54	0.6	0.82	0.6	0.65	0.34	0.53	-0.24	0.78	0.75	0.74	0.26	0.3	-0.14	0.76	-0.66	0.67	0.47	-0.39
Net Debt	-0.62	-0.72	-0.63	-0.49	-0.5		-0.29	0.24	-0.97	-0.28	-0.97	-0.39	-0.48	0.16	0.1	-0.33	-0.2	-0.91	0.52	0.04	0.76	-0.38	0.65	-0.59	-0.63	0.54
Retained Earnings	0.75	0.39	0.56	0.92	0.72	-0.29		0.7	0.49	0.92	0.49	0.47	-0.04	0.65	-0.23	0.52	0.93	0.57	0.06	0.42	0.3	0.64	-0.39	0.44	0.25	-0.47
Accounts Payable	0.45	-0.17	0.19	0.62	0.54	0.24	0.7		-0.03	0.75	-0.03	0.52	-0.05	0.64	-0.17	0.44	0.79	0.13	0.64	0.39	0.59	0.46	-0.17	0.16	-0.01	0.07
Cash	0.72	0.74	0.7	0.66	0.6	-0.97	0.49	-0.03		0.48	1.0	0.49	0.49	-0.02	-0.09	0.45	0.38	0.97	-0.41	0.03	-0.59	0.46	-0.69	0.62	0.63	-0.62
Non Current Assets Total	0.82	0.42	0.62	0.97	0.82	-0.28	0.92	0.75	0.48		0.48	0.48	0.24	0.75	-0.25	0.64	0.93	0.59	0.21	0.48	0.2	0.79	-0.55	0.62	0.45	-0.49
Cash And Short Term Investments	0.72	0.74	0.7	0.66	0.6	-0.97	0.49	-0.03	1.0	0.48		0.49	0.49	-0.02	-0.09	0.45	0.38	0.97	-0.41	0.03	-0.59	0.46	-0.69	0.62	0.63	-0.62
Net Receivables	0.63	0.23	0.5	0.52	0.65	-0.39	0.47	0.52	0.49	0.48	0.49		0.29	0.05	-0.27	0.61	0.5	0.63	0.37	-0.11	-0.06	0.25	-0.52	0.21	0.13	-0.01
Common Stock Shares Outstanding	0.35	0.31	0.28	0.33	0.34	-0.48	-0.04	-0.05	0.49	0.24	0.49	0.29		-0.04	-0.15	0.25	-0.01	0.49	-0.01	-0.05	-0.54	0.41	-0.81	0.63	0.74	-0.46
Other Current Assets	0.46	0.1	0.27	0.64	0.53	0.16	0.65	0.64	-0.02	0.75	-0.02	0.05	-0.04		-0.24	0.36	0.71	0.1	0.28	0.54	0.33	0.67	-0.19	0.44	0.28	-0.12
Other Stockholder Equity	-0.22	-0.2	-0.24	-0.25	-0.24	0.1	-0.23	-0.17	-0.09	-0.25	-0.09	-0.27	-0.15	-0.24		-0.13	-0.24	-0.15	0.19	-0.43	0.08	-0.35	0.48	-0.34	-0.31	0.12
Total Liab	0.78	0.62	0.9	0.58	0.78	-0.33	0.52	0.44	0.45	0.64	0.45	0.61	0.25	0.36	-0.13		0.6	0.61	0.45	0.21	0.03	0.37	-0.36	0.29	0.13	-0.15
Property Plant And Equipment Gross	0.73	0.36	0.57	0.88	0.75	-0.2	0.93	0.79	0.38	0.93	0.38	0.5	-0.01	0.71	-0.24	0.6		0.5	0.22	0.54	0.28	0.67	-0.39	0.47	0.27	-0.27
Total Current Assets	0.83	0.73	0.79	0.74	0.74	-0.91	0.57	0.13	0.97	0.59	0.97	0.63	0.49	0.1	-0.15	0.61	0.5		-0.21	0.07	-0.49	0.53	-0.72	0.63	0.6	-0.55
Non Current Liabilities Total	0.12	-0.37	0.01	0.03	0.26	0.52	0.06	0.64	-0.41	0.21	-0.41	0.37	-0.01	0.28	0.19	0.45	0.22	-0.21		-0.02	0.53	-0.03	0.15	-0.25	-0.38	0.46
Non Currrent Assets Other	0.27	0.11	0.26	0.41	0.3	0.04	0.42	0.39	0.03	0.48	0.03	-0.11	-0.05	0.54	-0.43	0.21	0.54	0.07	-0.02		0.17	0.53	-0.18	0.4	0.28	-0.15
Short Long Term Debt Total	-0.2	-0.42	-0.23	0.0	-0.14	0.76	0.3	0.59	-0.59	0.2	-0.59	-0.06	-0.54	0.33	0.08	0.03	0.28	-0.49	0.53	0.17		-0.17	0.5	-0.49	-0.63	0.2
Good Will	0.75	0.3	0.43	0.82	0.76	-0.38	0.64	0.46	0.46	0.79	0.46	0.25	0.41	0.67	-0.35	0.37	0.67	0.53	-0.03	0.53	-0.17		-0.68	0.93	0.79	-0.5
Inventory	-0.67	-0.46	-0.48	-0.67	-0.66	0.65	-0.39	-0.17	-0.69	-0.55	-0.69	-0.52	-0.81	-0.19	0.48	-0.36	-0.39	-0.72	0.15	-0.18	0.5	-0.68		-0.81	-0.81	0.59
Common Stock Total Equity	0.69	0.44	0.45	0.72	0.67	-0.59	0.44	0.16	0.62	0.62	0.62	0.21	0.63	0.44	-0.34	0.29	0.47	0.63	-0.25	0.4	-0.49	0.93	-0.81		0.95	-0.59
Common Stock	0.5	0.41	0.34	0.58	0.47	-0.63	0.25	-0.01	0.63	0.45	0.63	0.13	0.74	0.28	-0.31	0.13	0.27	0.6	-0.38	0.28	-0.63	0.79	-0.81	0.95		-0.55
Other Liab	-0.5	-0.55	-0.39	-0.59	-0.39	0.54	-0.47	0.07	-0.62	-0.49	-0.62	-0.01	-0.46	-0.12	0.12	-0.15	-0.27	-0.55	0.46	-0.15	0.2	-0.5	0.59	-0.59	-0.55

Click cells to compare fundamentals

Parex Resources Account Relationship Matchups

Parex Resources balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.5B	1.8B	2.3B	2.4B	1.3B
Other Current Liab	86.6M	19.7M	47.5M	217.8M	29.1M	56.4M
Total Current Liabilities	211.8M	122.5M	248.3M	508.6M	258.1M	188.8M
Total Stockholder Equity	1.4B	1.3B	1.4B	1.7B	2.0B	2.1B
Property Plant And Equipment Net	966.0M	982.3M	1.1B	1.4B	1.5B	787.8M
Net Debt	(396.1M)	(328.7M)	(373.8M)	(412.9M)	(44.6M)	(46.8M)
Retained Earnings	541.2M	533.9M	637.4M	1.0B	1.3B	1.3B
Accounts Payable	63.5M	102.8M	160.9M	96.9M	229.1M	240.5M
Cash	396.8M	330.6M	378.3M	419.0M	140.4M	210.8M
Non Current Assets Total	1.1B	1.1B	1.2B	1.7B	2.1B	2.2B
Cash And Short Term Investments	396.8M	330.6M	378.3M	419.0M	140.4M	210.8M
Net Receivables	143.6M	80.2M	179.8M	113.2M	105.6M	81.8M
Common Stock Shares Outstanding	149.0M	139.6M	125.6M	113.7M	106.3M	129.4M
Liabilities And Stockholders Equity	1.7B	1.5B	1.8B	2.3B	2.4B	1.3B
Other Current Assets	14.8M	30.0M	14.5M	56.8M	86.9M	91.3M
Other Stockholder Equity	48.6M	43.2M	24.5M	20.3M	19.2M	18.3M
Total Liab	282.1M	200.6M	390.5M	599.4M	459.9M	304.3M
Property Plant And Equipment Gross	966.0M	982.3M	2.8B	3.2B	3.6B	3.8B
Total Current Assets	555.9M	442.6M	574.0M	593.6M	337.2M	327.6M
Non Current Liabilities Total	70.3M	78.1M	142.3M	90.8M	201.8M	123.2M
Non Currrent Assets Other	(1.0B)	20.0M	25.0M	165.3M	454.9M	477.7M
Inventory	653K	1.9M	1.4M	4.6M	4.3M	4.2M
Common Stock Total Equity	836.2M	848.9M	812.7M	763.4M	877.9M	784.3M
Common Stock	812.7M	763.4M	731.7M	682.7M	660.8M	778.5M
Other Liab	69.5M	76.3M	137.8M	84.7M	76.2M	78.3M
Net Tangible Assets	1.3B	1.3B	1.3B	1.6B	1.9B	1.1B
Property Plant Equipment	966.0M	982.3M	1.1B	1.4B	1.6B	963.6M
Capital Surpluse	48.6M	43.2M	24.5M	20.3M	18.3M	31.9M
Other Assets	89.3M	42.7M	6.9M	276.2M	317.6M	333.5M
Long Term Debt Total	770K	1.8M	4.5M	6.1M	7.0M	7.3M
Cash And Equivalents	396.8M	330.6M	378.3M	419.0M	481.9M	372.7M
Net Invested Capital	1.4B	1.3B	1.4B	1.7B	2.0B	1.6B
Net Working Capital	344.0M	320.2M	325.8M	85.0M	79.0M	75.1M
Capital Stock	812.7M	763.4M	731.7M	682.7M	660.8M	600.0M

Pair Trading with Parex 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 Parex 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 Parex Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Parex Stock

0.82	ENB-PFV	Enbridge Pref 5	Pair Corr
0.87	ENS	E Split Corp	Pair Corr
0.88	ENS-PA	E Split Corp	Pair Corr

Moving against Parex Stock

0.82	ARA	Aclara Resources	Pair Corr
0.71	RCI-A	Rogers Communications	Pair Corr
0.58	CCL-A	CCL Industries	Pair Corr
0.45	SAGE	Sage Potash Corp	Pair Corr

The ability to find closely correlated positions to Parex 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 Parex 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 Parex 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 Parex Resources to buy it.

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

Pair Correlation Correlation Matching

Other Information on Investing in Parex Stock

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Parex Historical Balance Sheet

Parex Resources Inventory

4.17 Million

About Parex Balance Sheet Analysis

Parex Resources Balance Sheet Chart

Total Assets

Total Current Liabilities

Property Plant And Equipment Net

Parex Resources balance sheet Correlations

Parex Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Parex Resources balance sheet Accounts

Pair Trading with Parex Resources

Moving together with Parex Stock

Moving against Parex Stock

Other Information on Investing in Parex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Total Current Assets	+ 0.97	Cash
Total Current Assets	+ 0.97	Cash And Short Term Investments
Common Stock	+ 0.95	Common Stock Total Equity

Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Total Current Assets	- 0.91	Net Debt
Common Stock	- 0.81	Inventory
Common Stock Total Equity	- 0.81	Inventory
Inventory	- 0.81	Common Stock Shares Outstanding