Aurora Historical Balance Sheet

ACB Stock  CAD 6.16  0.01  0.16%   
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.
 
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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.

Aurora Cannabis Inventory

107.23 Million

  
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.

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

At this time, Aurora Cannabis' Liabilities And Stockholders Equity is very stable compared to the past year. As of the 23rd 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.

Total Assets

Total assets refers to the total amount of Aurora Cannabis 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 Aurora Cannabis 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 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.

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.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-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 23rd 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 Equity661.8M490.6M559.8M738.4M
Total Current Liabilities145.2M237.7M124.6M88.5M

Aurora Cannabis balance sheet Correlations

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0.78-0.130.690.80.230.7-0.140.85-0.50.040.6-0.4-0.080.690.210.710.840.340.730.720.160.130.70.280.1
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0.920.530.940.90.6-0.430.550.620.87-0.270.750.2-0.470.960.880.860.90.830.660.880.740.780.920.750.62
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0.540.320.680.50.16-0.910.490.710.44-0.310.710.740.39-0.550.660.830.70.480.930.120.620.950.640.880.78
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Click cells to compare fundamentals

Aurora Cannabis Account Relationship Matchups

Aurora Cannabis balance sheet Accounts

201920202021202220232024 (projected)
Total Assets2.8B2.6B1.1B926.3M838.7M978.8M
Other Current Liab(81.3M)40.0M79.5M44.4M21.0M10.8M
Total Current Liabilities272.8M116.4M145.2M237.7M124.6M88.5M
Total Stockholder Equity2.2B2.0B661.8M490.6M559.8M738.4M
Net Debt369.1M(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 Payable95.6M13.3M13.9M21.9M20.3M16.1M
Cash162.2M421.5M437.8M300.8M113.4M113.9M
Non Current Assets Total2.4B1.9B339.2M446.4M412.1M744.6M
Non Currrent Assets Other(2.3B)(42.5M)(305.4M)14.1M12.0M12.6M
Cash And Short Term Investments169.2M425.2M439.1M300.8M117.5M128.4M
Net Receivables54.1M56.5M47.1M41.3M45.4M23.2M
Common Stock Shares Outstanding9.7M16.9M214.9M32.3M43.2M24.8M
Liabilities And Stockholders Equity2.8B2.6B1.1B926.3M838.7M978.8M
Other Stockholder Equity(41.8M)(65.5M)(54.5M)(1.0)(0.9)(0.94)
Total Liab657.2M567.0M422.0M404.6M236.8M236.8M
Total Current Assets420.7M665.9M745.1M479.9M426.6M234.2M
Accumulated Other Comprehensive Income(41.8M)(65.5M)(54.5M)(58.3M)(43.7M)(41.5M)
Property Plant And Equipment Net946.4M606.1M233.5M323.0M294.3M225.4M
Other Current Assets22.1M11.2M6.5M8.9M9.4M8.2M
Property Plant And Equipment Gross946.4M1.1B709.4M562.0M646.3M678.6M
Short Term Investments7.1M3.8M1.3M0.04.0M3.8M
Short Term Debt152.6M40.9M33.0M147.6M57.2M59.1M
Common Stock5.8B6.4B6.8B6.8B7.0B3.6B
Short Long Term Debt Total531.2M399.6M269.5M227.5M104.8M99.6M
Net Tangible Assets506.6M792.0M774.7M588.0M676.2M415.8M
Current Deferred Revenue3.5M4.2M3.9M1.7M1.7M2.0M
Other Assets57.8M77.3M33.9M38.5M44.3M47.2M
Short Long Term Debt152.6M34.7M26.9M52.4M60.2M65.1M
Intangible Assets412.3M367.4M70.7M61.4M40.9M38.8M
Property Plant Equipment928.2M598.3M230.3M323.0M371.4M345.8M
Long Term Debt294.9M293.2M199.7M36.2M4.9M4.7M
Long Term Debt Total378.6M358.6M236.5M80.0M92.0M87.4M
Non Current Liabilities Total384.4M450.7M276.8M166.9M112.2M106.6M
Inventory157.3M137.7M139.9M128.8M186.4M107.2M
Long Term Investments118.8M18.1M289K1.2M1.1M1.0M
Other Liab280.3M5.8M92.0M40.3M36.3M65.7M
Good Will928.4M887.7M0.018.7M43.2M41.0M

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 against Aurora Stock

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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.
Pair CorrelationCorrelation Matching
When determining whether Aurora Cannabis offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aurora Cannabis' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aurora Cannabis Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aurora Cannabis Stock:
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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Please note, there is a significant difference between Aurora Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aurora Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aurora Cannabis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.