Ascendant Historical Balance Sheet

ASND Stock

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Trend analysis of Ascendant Resources balance sheet accounts such as Total Current Liabilities of 6.8 M, Net Debt of 18.7 M or Accounts Payable of 2.3 M provides information on Ascendant Resources' total assets, liabilities, and equity, which is the actual value of Ascendant Resources to its prevalent stockholders. By breaking down trends over time using Ascendant 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

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

Ascendant Resources Inventory

1.82 Million

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ascendant 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 Ascendant Balance Sheet Analysis

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

Ascendant Resources Balance Sheet Chart

At this time, Ascendant Resources' Non Current Liabilities Total is very stable compared to the past year. As of the 22nd of December 2024, Other Current Assets is likely to grow to about 2.5 M, while Total Current Liabilities is likely to drop about 6.8 M.

Total Assets Total Stockholder Equity Net Debt Accounts Payable Cash And Short Term Investments Property Plant And Equipment Gross

Add Fundamental

Total Assets

Total assets refers to the total amount of Ascendant 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 Ascendant 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 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.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Accounts Payable

An accounting item on the balance sheet that represents Ascendant Resources 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 Ascendant Resources 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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Ascendant Resources balance sheet. This account contains Ascendant Resources investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Ascendant Resources fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most accounts from Ascendant Resources' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Ascendant 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Ascendant 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)
Total Current Liabilities	3.7M	1.6M	7.7M	6.8M
Total Assets	7.9M	13.8M	18.5M	19.1M

Total Current Liabilities Total Assets

Ascendant Resources balance sheet Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Inventory	Other Current Liab	Short Term Debt	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Property Plant And Equipment Gross	Other Assets	Common Stock	Short Long Term Debt Total	Other Liab
Total Assets		0.97	0.65	0.1	-0.17	0.96	0.53	0.53	0.92	0.3	0.73	0.13	0.38	0.93	0.85	0.88	0.97	0.77	0.92	0.94	0.89	0.92	0.91	0.44	0.36	0.51
Total Current Liabilities	0.97		0.6	0.22	-0.17	0.93	0.31	0.31	0.94	0.31	0.66	0.13	0.23	0.91	0.71	0.77	0.97	0.89	0.97	0.98	0.96	0.97	0.97	0.45	0.4	0.47
Total Stockholder Equity	0.65	0.6		-0.57	0.42	0.66	0.47	0.47	0.65	-0.31	-0.02	-0.59	0.64	0.31	0.67	0.67	0.51	0.54	0.53	0.55	0.65	0.53	0.54	0.0	-0.44	0.04
Net Debt	0.1	0.22	-0.57		-0.7	0.03	-0.48	-0.48	0.15	0.74	0.51	0.7	-0.73	0.41	-0.31	-0.26	0.24	0.27	0.27	0.33	0.21	0.28	0.35	0.54	0.91	0.38
Retained Earnings	-0.17	-0.17	0.42	-0.7		-0.11	0.03	0.02	-0.12	-0.97	-0.58	-0.67	0.35	-0.42	0.01	0.01	-0.25	-0.08	-0.11	-0.24	-0.13	-0.12	-0.22	-0.87	-0.77	-0.83
Accounts Payable	0.96	0.93	0.66	0.03	-0.11		0.48	0.49	0.97	0.26	0.65	0.09	0.47	0.87	0.84	0.88	0.93	0.68	0.9	0.89	0.86	0.9	0.87	0.4	0.26	0.4
Cash	0.53	0.31	0.47	-0.48	0.03	0.48		1.0	0.27	-0.03	0.47	-0.04	0.71	0.43	0.87	0.8	0.41	0.04	0.23	0.23	0.13	0.22	0.14	0.05	-0.07	0.35
Cash And Short Term Investments	0.53	0.31	0.47	-0.48	0.02	0.49	1.0		0.28	-0.02	0.47	-0.04	0.71	0.43	0.87	0.8	0.41	0.04	0.23	0.24	0.14	0.23	0.14	0.05	-0.07	0.35
Net Receivables	0.92	0.94	0.65	0.15	-0.12	0.97	0.27	0.28		0.3	0.57	0.05	0.32	0.83	0.69	0.75	0.91	0.76	0.92	0.93	0.93	0.92	0.94	0.46	0.29	0.37
Common Stock Shares Outstanding	0.3	0.31	-0.31	0.74	-0.97	0.26	-0.03	-0.02	0.3		0.65	0.67	-0.35	0.53	0.07	0.07	0.38	0.18	0.26	0.39	0.27	0.27	0.37	0.91	0.82	0.82
Non Current Liabilities Total	0.73	0.66	-0.02	0.51	-0.58	0.65	0.47	0.47	0.57	0.65		0.66	0.06	0.91	0.63	0.64	0.77	0.4	0.65	0.67	0.47	0.65	0.61	0.54	0.8	0.65
Other Current Assets	0.13	0.13	-0.59	0.7	-0.67	0.09	-0.04	-0.04	0.05	0.67	0.66		-0.43	0.45	0.0	0.02	0.29	-0.07	0.19	0.18	-0.03	0.2	0.12	0.39	0.78	0.41
Other Stockholder Equity	0.38	0.23	0.64	-0.73	0.35	0.47	0.71	0.71	0.32	-0.35	0.06	-0.43		0.15	0.72	0.71	0.24	0.03	0.17	0.11	0.14	0.16	0.08	-0.15	-0.49	0.01
Total Liab	0.93	0.91	0.31	0.41	-0.42	0.87	0.43	0.43	0.83	0.53	0.91	0.45	0.15		0.73	0.77	0.95	0.7	0.89	0.91	0.78	0.89	0.86	0.55	0.66	0.61
Total Current Assets	0.85	0.71	0.67	-0.31	0.01	0.84	0.87	0.87	0.69	0.07	0.63	0.0	0.72	0.73		0.99	0.77	0.43	0.64	0.63	0.56	0.64	0.56	0.21	0.06	0.42
Inventory	0.88	0.77	0.67	-0.26	0.01	0.88	0.8	0.8	0.75	0.07	0.64	0.02	0.71	0.77	0.99		0.81	0.5	0.71	0.69	0.62	0.71	0.63	0.21	0.08	0.4
Other Current Liab	0.97	0.97	0.51	0.24	-0.25	0.93	0.41	0.41	0.91	0.38	0.77	0.29	0.24	0.95	0.77	0.81		0.76	0.95	0.95	0.87	0.95	0.91	0.5	0.46	0.54
Short Term Debt	0.77	0.89	0.54	0.27	-0.08	0.68	0.04	0.04	0.76	0.18	0.4	-0.07	0.03	0.7	0.43	0.5	0.76		0.85	0.88	0.93	0.85	0.91	0.34	0.32	0.35
Property Plant And Equipment Net	0.92	0.97	0.53	0.27	-0.11	0.9	0.23	0.23	0.92	0.26	0.65	0.19	0.17	0.89	0.64	0.71	0.95	0.85		0.96	0.92	1.0	0.95	0.37	0.42	0.35
Non Current Assets Total	0.94	0.98	0.55	0.33	-0.24	0.89	0.23	0.24	0.93	0.39	0.67	0.18	0.11	0.91	0.63	0.69	0.95	0.88	0.96		0.96	0.97	0.99	0.51	0.48	0.49
Non Currrent Assets Other	0.89	0.96	0.65	0.21	-0.13	0.86	0.13	0.14	0.93	0.27	0.47	-0.03	0.14	0.78	0.56	0.62	0.87	0.93	0.92	0.96		0.92	0.97	0.47	0.3	0.41
Property Plant And Equipment Gross	0.92	0.97	0.53	0.28	-0.12	0.9	0.22	0.23	0.92	0.27	0.65	0.2	0.16	0.89	0.64	0.71	0.95	0.85	1.0	0.97	0.92		0.95	0.38	0.43	0.36
Other Assets	0.91	0.97	0.54	0.35	-0.22	0.87	0.14	0.14	0.94	0.37	0.61	0.12	0.08	0.86	0.56	0.63	0.91	0.91	0.95	0.99	0.97	0.95		0.49	0.46	0.43
Common Stock	0.44	0.45	0.0	0.54	-0.87	0.4	0.05	0.05	0.46	0.91	0.54	0.39	-0.15	0.55	0.21	0.21	0.5	0.34	0.37	0.51	0.47	0.38	0.49		0.62	0.9
Short Long Term Debt Total	0.36	0.4	-0.44	0.91	-0.77	0.26	-0.07	-0.07	0.29	0.82	0.8	0.78	-0.49	0.66	0.06	0.08	0.46	0.32	0.42	0.48	0.3	0.43	0.46	0.62		0.59
Other Liab	0.51	0.47	0.04	0.38	-0.83	0.4	0.35	0.35	0.37	0.82	0.65	0.41	0.01	0.61	0.42	0.4	0.54	0.35	0.35	0.49	0.41	0.36	0.43	0.9	0.59

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Ascendant Resources Account Relationship Matchups

Ascendant Resources balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	75.4M	6.5M	7.9M	13.8M	18.5M	19.1M
Total Current Liabilities	35.5M	1.7M	3.7M	1.6M	7.7M	6.8M
Total Stockholder Equity	15.9M	4.8M	3.9M	(3.8M)	(16.3M)	(15.5M)
Net Debt	13.3M	(550K)	2.0M	10.5M	17.8M	18.7M
Retained Earnings	(30.2M)	(42.0M)	(46.7M)	(52.0M)	(59.2M)	(56.3M)
Accounts Payable	7.0M	444K	317K	587K	1.2M	2.3M
Cash	1.7M	756K	938K	3.8M	637K	605.2K
Cash And Short Term Investments	1.7M	756K	938K	3.8M	660K	627K
Net Receivables	3.8M	92K	207K	217K	450K	784.3K
Common Stock Shares Outstanding	77.3M	84.2M	98.3M	122.8M	133.6M	140.3M
Liabilities And Stockholders Equity	75.4M	6.5M	7.9M	13.8M	18.5M	19.1M
Non Current Liabilities Total	24.0M	0.0	341K	16.0M	23.6M	24.8M
Other Current Assets	324K	195K	260K	133K	2.4M	2.5M
Other Stockholder Equity	7.5M	5.8M	6.8M	1.7M	(5.1M)	(4.8M)
Total Liab	59.5M	1.7M	4.1M	17.6M	31.3M	32.9M
Total Current Assets	18.4M	1.1M	1.5M	4.2M	3.0M	2.9M
Inventory	12.6M	194.8K	315.5K	132.6K	1.9M	1.8M
Accumulated Other Comprehensive Income	2.4M	2.2M	2.2M	2.0M	1.5M	1.6M
Other Current Liab	12.7M	1.0M	820K	923K	6.5M	3.5M
Short Term Debt	14.6M	206K	2.6M	75K	76K	72.2K
Property Plant And Equipment Net	48.1M	129K	449K	765K	15.2M	12.5M
Non Current Assets Total	57.0M	5.4M	6.4M	9.6M	15.5M	14.7M
Non Currrent Assets Other	5.1M	888K	639K	316K	363.4K	345.2K
Property Plant And Equipment Gross	48.1M	392K	793K	1.2M	15.8M	12.7M
Other Assets	1.8M	3.9M	5.1M	639K	734.9K	1.2M
Common Stock	36.2M	38.8M	41.6M	44.5M	46.5M	25.5M
Short Long Term Debt Total	15.0M	206K	2.9M	14.3M	18.4M	19.3M
Net Tangible Assets	23.6M	15.9M	4.8M	3.9M	4.4M	4.2M
Short Long Term Debt	1.5M	4.8M	14.3M	2.5M	2.9M	4.5M
Property Plant Equipment	48.1M	129K	449K	765K	688.5K	654.1K
Long Term Debt Total	362K	0.0	341K	14.2M	16.3M	17.2M
Capital Lease Obligations	637K	206K	415K	320K	251K	238.5K
Net Invested Capital	30.2M	4.8M	6.4M	10.2M	1.9M	1.8M
Net Working Capital	(17.1M)	(603K)	(2.2M)	2.6M	(4.7M)	(4.4M)
Long Term Investments	3.8M	4.4M	5.4M	8.9M	149K	141.6K
Capital Stock	36.2M	38.8M	41.6M	44.5M	46.5M	44.7M

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

Moving against Ascendant Stock

0.31

KDA

KDA Group

Pair Corr

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

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

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Ascendant Historical Balance Sheet

Ascendant Resources Inventory

1.82 Million

About Ascendant Balance Sheet Analysis

Ascendant Resources Balance Sheet Chart

Total Assets

Total Stockholder Equity

Net Debt

Accounts Payable

Cash And Short Term Investments

Ascendant Resources balance sheet Correlations

Ascendant Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ascendant Resources balance sheet Accounts

Pair Trading with Ascendant Resources

Moving against Ascendant Stock

Other Information on Investing in Ascendant Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Inventory	+ 0.99	Total Current Assets
Other Assets	+ 0.99	Non Current Assets Total
Non Current Assets Total	+ 0.98	Total Current Liabilities
Total Current Liabilities	+ 0.97	Total Assets

Common Stock Shares Outstanding	- 0.97	Retained Earnings
Common Stock	- 0.87	Retained Earnings
Other Liab	- 0.83	Retained Earnings
Short Long Term Debt Total	- 0.77	Retained Earnings
Other Stockholder Equity	- 0.73	Net Debt
Retained Earnings	- 0.7	Net Debt