Aurora Historical Balance Sheet
ACB Stock | CAD 6.11 0.31 4.83% |
Trend analysis of Aurora Cannabis balance sheet accounts such as Other Current Liab of 10.8 M, Total Current Liabilities of 88.5 M or Total Stockholder Equity of 738.4 M provides information on Aurora Cannabis' total assets, liabilities, and equity, which is the actual value of Aurora Cannabis to its prevalent stockholders. By breaking down trends over time using Aurora Cannabis 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.
Financial Statement Analysis is much more than just reviewing and examining Aurora Cannabis 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 Aurora Cannabis is a good buy for the upcoming year.
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About Aurora Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Aurora Cannabis at a specified time, usually calculated after every quarter, six months, or one year. Aurora Cannabis Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aurora Cannabis 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 Aurora currently owns. An asset can also be divided into two categories, current and non-current.
Aurora Cannabis Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Aurora Cannabis balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Aurora Cannabis 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.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Accounts Payable
An accounting item on the balance sheet that represents Aurora Cannabis 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 Aurora Cannabis 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 Aurora Cannabis' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Aurora Cannabis 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. 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. To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.At this time, Aurora Cannabis' Liabilities And Stockholders Equity is very stable compared to the past year. As of the 19th of December 2024, Property Plant And Equipment Gross is likely to grow to about 678.6 M, while Other Current Liabilities is likely to drop about 10.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Stockholder Equity | 661.8M | 490.6M | 559.8M | 738.4M | Total Current Liabilities | 145.2M | 237.7M | 124.6M | 88.5M |
Aurora Cannabis balance sheet Correlations
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Aurora Cannabis Account Relationship Matchups
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Aurora Cannabis balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.8B | 2.6B | 1.1B | 926.3M | 838.7M | 978.8M | |
Other Current Liab | (81.3M) | 40.0M | 79.5M | 44.4M | 21.0M | 10.8M | |
Total Current Liabilities | 272.8M | 116.4M | 145.2M | 237.7M | 124.6M | 88.5M | |
Total Stockholder Equity | 2.2B | 2.0B | 661.8M | 490.6M | 559.8M | 738.4M | |
Net Debt | 369.1M | (21.9M) | (168.3M) | (73.3M) | (8.6M) | (8.2M) | |
Retained Earnings | (3.6B) | (4.3B) | (6.0B) | (6.3B) | (6.4B) | (6.0B) | |
Accounts Payable | 95.6M | 13.3M | 13.9M | 21.9M | 20.3M | 16.1M | |
Cash | 162.2M | 421.5M | 437.8M | 300.8M | 113.4M | 113.9M | |
Non Current Assets Total | 2.4B | 1.9B | 339.2M | 446.4M | 412.1M | 744.6M | |
Non Currrent Assets Other | (2.3B) | (42.5M) | (305.4M) | 14.1M | 12.0M | 12.6M | |
Cash And Short Term Investments | 169.2M | 425.2M | 439.1M | 300.8M | 117.5M | 128.4M | |
Net Receivables | 54.1M | 56.5M | 47.1M | 41.3M | 45.4M | 23.2M | |
Common Stock Shares Outstanding | 9.7M | 16.9M | 214.9M | 32.3M | 43.2M | 24.8M | |
Liabilities And Stockholders Equity | 2.8B | 2.6B | 1.1B | 926.3M | 838.7M | 978.8M | |
Other Stockholder Equity | (41.8M) | (65.5M) | (54.5M) | (1.0) | (0.9) | (0.94) | |
Total Liab | 657.2M | 567.0M | 422.0M | 404.6M | 236.8M | 236.8M | |
Total Current Assets | 420.7M | 665.9M | 745.1M | 479.9M | 426.6M | 234.2M | |
Accumulated Other Comprehensive Income | (41.8M) | (65.5M) | (54.5M) | (58.3M) | (43.7M) | (41.5M) | |
Property Plant And Equipment Net | 946.4M | 606.1M | 233.5M | 323.0M | 294.3M | 225.4M | |
Other Current Assets | 22.1M | 11.2M | 6.5M | 8.9M | 9.4M | 8.2M | |
Property Plant And Equipment Gross | 946.4M | 1.1B | 709.4M | 562.0M | 646.3M | 678.6M | |
Short Term Investments | 7.1M | 3.8M | 1.3M | 0.0 | 4.0M | 3.8M | |
Short Term Debt | 152.6M | 40.9M | 33.0M | 147.6M | 57.2M | 59.1M | |
Common Stock | 5.8B | 6.4B | 6.8B | 6.8B | 7.0B | 3.6B | |
Short Long Term Debt Total | 531.2M | 399.6M | 269.5M | 227.5M | 104.8M | 99.6M | |
Net Tangible Assets | 506.6M | 792.0M | 774.7M | 588.0M | 676.2M | 415.8M | |
Current Deferred Revenue | 3.5M | 4.2M | 3.9M | 1.7M | 1.7M | 2.0M | |
Other Assets | 57.8M | 77.3M | 33.9M | 38.5M | 44.3M | 47.2M | |
Short Long Term Debt | 152.6M | 34.7M | 26.9M | 52.4M | 60.2M | 65.1M | |
Intangible Assets | 412.3M | 367.4M | 70.7M | 61.4M | 40.9M | 38.8M | |
Property Plant Equipment | 928.2M | 598.3M | 230.3M | 323.0M | 371.4M | 345.8M | |
Long Term Debt | 294.9M | 293.2M | 199.7M | 36.2M | 4.9M | 4.7M | |
Long Term Debt Total | 378.6M | 358.6M | 236.5M | 80.0M | 92.0M | 87.4M | |
Non Current Liabilities Total | 384.4M | 450.7M | 276.8M | 166.9M | 112.2M | 106.6M | |
Inventory | 157.3M | 137.7M | 139.9M | 128.8M | 186.4M | 107.2M | |
Long Term Investments | 118.8M | 18.1M | 289K | 1.2M | 1.1M | 1.0M | |
Other Liab | 280.3M | 5.8M | 92.0M | 40.3M | 36.3M | 65.7M | |
Good Will | 928.4M | 887.7M | 0.0 | 18.7M | 43.2M | 41.0M |
Pair Trading with Aurora Cannabis
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 Aurora Cannabis 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 Aurora Cannabis will appreciate offsetting losses from the drop in the long position's value.Moving together with Aurora Stock
Moving against Aurora Stock
The ability to find closely correlated positions to Aurora Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurora Cannabis 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 Aurora Cannabis - 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 Aurora Cannabis to buy it.
The correlation of Aurora Cannabis 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 Aurora Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Cannabis 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 Aurora Cannabis 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. 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. To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.