ATCO Historical Balance Sheet
ACO-Y Stock | CAD 49.00 1.00 2.00% |
Trend analysis of ATCO balance sheet accounts such as Total Assets of 15.4 B, Short and Long Term Debt Total of 6.6 B or Other Current Liab of 93.6 M provides information on ATCO's total assets, liabilities, and equity, which is the actual value of ATCO to its prevalent stockholders. By breaking down trends over time using ATCO 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 ATCO 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 ATCO is a good buy for the upcoming year.
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About ATCO Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of ATCO at a specified time, usually calculated after every quarter, six months, or one year. ATCO Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ATCO 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 ATCO currently owns. An asset can also be divided into two categories, current and non-current.
ATCO Balance Sheet Chart
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Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Assets
Total assets refers to the total amount of ATCO 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 ATCO 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.Most accounts from ATCO's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into ATCO 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 ATCO. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. At this time, ATCO's Long Term Investments are comparatively stable compared to the past year. Capital Stock is likely to gain to about 197.3 M in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 6.6 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 10.2B | 10.2B | 11.2B | 6.6B | Total Assets | 23.0B | 24.1B | 25.4B | 15.4B |
ATCO balance sheet Correlations
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ATCO Account Relationship Matchups
High Positive Relationship
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ATCO balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 114.7M | 114.7M | 114.4M | 114.3M | 113.4M | 94.3M | |
Total Assets | 21.7B | 22.2B | 23.0B | 24.1B | 25.4B | 15.4B | |
Short Long Term Debt Total | 9.5B | 9.7B | 10.2B | 10.2B | 11.2B | 6.6B | |
Other Current Liab | 46M | 161M | 147M | 240M | 107M | 93.6M | |
Total Current Liabilities | 910M | 1.1B | 1.6B | 1.5B | 1.6B | 1.0B | |
Total Stockholder Equity | 4B | 4.1B | 4.1B | 4.4B | 4.4B | 2.8B | |
Property Plant And Equipment Net | 18.0B | 18.4B | 18.9B | 19.6B | 21.0B | 12.4B | |
Net Debt | 8.5B | 8.7B | 9.1B | 9.2B | 10.9B | 5.9B | |
Retained Earnings | 3.8B | 3.9B | 4.0B | 4.1B | 4.2B | 2.5B | |
Accounts Payable | 675M | 695M | 852M | 1.2B | 961M | 753.9M | |
Cash | 1.1B | 1.1B | 1.1B | 1.0B | 288M | 273.6M | |
Non Current Assets Total | 19.7B | 20.2B | 20.8B | 21.8B | 23.5B | 13.6B | |
Non Currrent Assets Other | 231M | 239M | 353M | 405M | 479M | 473.6M | |
Cash And Short Term Investments | 1.1B | 1.1B | 1.1B | 1.0B | 576M | 771.5M | |
Net Receivables | 740M | 736M | 856M | 967M | 902M | 686.2M | |
Liabilities And Stockholders Equity | 21.7B | 22.2B | 23.0B | 24.1B | 25.4B | 15.4B | |
Non Current Liabilities Total | 12.9B | 13.3B | 13.5B | 14.3B | 15.2B | 8.9B | |
Inventory | 64M | 76M | 61M | 80M | 114M | 92.4M | |
Other Current Assets | 172M | 163M | 231M | 299M | 244M | 173.7M | |
Total Liab | 13.8B | 14.4B | 15.1B | 15.8B | 16.9B | 9.7B | |
Total Current Assets | 2.0B | 2.0B | 2.2B | 2.4B | 1.8B | 1.8B | |
Accumulated Other Comprehensive Income | (17M) | (12M) | (39M) | 97M | 6M | 6.3M | |
Short Term Debt | 189M | 218M | 587M | 125M | 548M | 575.4M | |
Common Stock | 173M | 178M | 180M | 179M | 187M | 177.7M | |
Current Deferred Revenue | (675M) | (695M) | (852M) | (1.2B) | (961M) | (913.0M) | |
Intangible Assets | 662M | 685M | 752M | 870M | 1.0B | 607.9M |
Pair Trading with ATCO
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 ATCO 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 ATCO will appreciate offsetting losses from the drop in the long position's value.Moving together with ATCO Stock
Moving against ATCO Stock
The ability to find closely correlated positions to ATCO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATCO 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 ATCO - 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 ATCO to buy it.
The correlation of ATCO 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 ATCO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATCO 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 ATCO 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.Additional Tools for ATCO Stock Analysis
When running ATCO's price analysis, check to measure ATCO'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 ATCO is operating at the current time. Most of ATCO's value examination focuses on studying past and present price action to predict the probability of ATCO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATCO's price. Additionally, you may evaluate how the addition of ATCO to your portfolios can decrease your overall portfolio volatility.