True Historical Balance Sheet
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Trend analysis of True North Copper balance sheet accounts such as Net Receivables of 606.7 K, Total Current Assets of 4.4 M, Common Stock of 80.9 M or Property Plant Equipment of 82.4 M provides information on True North's total assets, liabilities, and equity, which is the actual value of True North Copper to its prevalent stockholders. By breaking down trends over time using True North 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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About True Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of True North Copper at a specified time, usually calculated after every quarter, six months, or one year. True North Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of True North 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 True currently owns. An asset can also be divided into two categories, current and non-current.
True North Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on True North balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of True North Copper 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.Accounts Payable
An accounting item on the balance sheet that represents True North 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 True North Copper 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.Most accounts from True North's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into True North Copper 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 True North Copper. 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, True North's Property Plant And Equipment Net is comparatively stable compared to the past year. Cash is likely to gain to about 4.8 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 20.1 M in 2024.
| 2022 | 2023 | 2024 (projected) | Other Assets | 322.5K | 370.8K | 389.4K | Accounts Payable | 5.4M | 6.2M | 6.5M |
True North balance sheet Correlations
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True North balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 350.9K | 1.2M | 5.8M | 16.6M | 19.1M | 20.1M | |
| Net Tangible Assets | 2.7M | 15.8M | (3.7M) | 29.6M | 34.0M | 35.7M | |
| Retained Earnings | (884.9K) | (2.3M) | (3.7M) | (37.8M) | (34.0M) | (32.3M) | |
| Accounts Payable | 339.7K | 1.1M | 286.5K | 5.4M | 6.2M | 6.5M | |
| Net Receivables | 26.2K | 314.6K | 356.6K | 502.4K | 577.8K | 606.7K | |
| Total Current Assets | 1.7M | 9.6M | 1.1M | 6.7M | 7.8M | 4.4M | |
| Common Stock | 3.6M | 17.7M | 100.0 | 67.0M | 77.1M | 80.9M | |
| Property Plant Equipment | 1.3M | 7.3M | 21.7M | 68.2M | 78.5M | 82.4M |
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When running True North's price analysis, check to measure True North's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy True North is operating at the current time. Most of True North's value examination focuses on studying past and present price action to predict the probability of True North's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move True North's price. Additionally, you may evaluate how the addition of True North to your portfolios can decrease your overall portfolio volatility.