Ascendant Historical Income Statement

ASND Stock  CAD 0.04  0.01  20.00%   
Historical analysis of Ascendant Resources income statement accounts such as Selling General Administrative of 3.6 M, Other Operating Expenses of 3.1 M or Total Operating Expenses of 5.2 M can show how well Ascendant Resources performed in making a profits. Evaluating Ascendant Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Ascendant Resources's future profits or losses.
 
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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.
  
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 Income Statement Analysis

Ascendant Resources Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Ascendant Resources shareholders. The income statement also shows Ascendant investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Ascendant Resources Income Statement Chart

At this time, Ascendant Resources' Interest Expense is very stable compared to the past year. As of the 3rd of January 2025, Selling General Administrative is likely to grow to about 3.6 M, while Other Operating Expenses is likely to drop about 3.1 M.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Operating Income

Operating Income is the amount of profit realized from Ascendant Resources operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Ascendant Resources is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most accounts from Ascendant Resources' income statement are interrelated and interconnected. However, analyzing income statement 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 income statement 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.
At this time, Ascendant Resources' Interest Expense is very stable compared to the past year. As of the 3rd of January 2025, Selling General Administrative is likely to grow to about 3.6 M, while Other Operating Expenses is likely to drop about 3.1 M.

Ascendant Resources income statement Correlations

0.80.68-0.07-0.10.440.82-0.01-0.420.83-0.25-0.430.40.780.580.03-0.35-0.810.840.010.45
0.80.940.340.10.680.990.16-0.190.960.07-0.350.540.950.870.06-0.08-0.780.810.250.59
0.680.940.24-0.070.540.90.09-0.160.96-0.02-0.310.620.840.980.16-0.18-0.840.780.350.62
-0.070.340.240.870.840.380.70.090.150.870.090.230.510.170.040.750.2-0.020.320.28
-0.10.1-0.070.870.780.160.690.07-0.110.830.00.00.34-0.160.070.750.34-0.250.110.06
0.440.680.540.840.780.720.66-0.10.530.67-0.160.380.840.430.150.52-0.270.350.310.48
0.820.990.90.380.160.720.21-0.210.940.11-0.340.510.980.810.05-0.02-0.740.820.250.61
-0.010.160.090.70.690.660.21-0.350.110.850.470.290.370.020.290.810.070.140.650.58
-0.42-0.19-0.160.090.07-0.1-0.21-0.35-0.260.110.03-0.26-0.2-0.130.10.170.27-0.51-0.24-0.34
0.830.960.960.15-0.110.530.940.11-0.26-0.06-0.260.610.880.910.17-0.19-0.890.90.340.69
-0.250.07-0.020.870.830.670.110.850.11-0.060.50.160.28-0.080.220.920.32-0.160.430.31
-0.43-0.35-0.310.090.0-0.16-0.340.470.03-0.260.50.03-0.28-0.280.250.550.31-0.10.490.3
0.40.540.620.230.00.380.510.29-0.260.610.160.030.510.630.23-0.05-0.540.540.510.62
0.780.950.840.510.340.840.980.37-0.20.880.28-0.280.510.730.140.14-0.660.750.30.64
0.580.870.980.17-0.160.430.810.02-0.130.91-0.08-0.280.630.730.17-0.24-0.830.720.370.58
0.030.060.160.040.070.150.050.290.10.170.220.250.230.140.170.24-0.30.040.390.41
-0.35-0.08-0.180.750.750.52-0.020.810.17-0.190.920.55-0.050.14-0.240.240.42-0.220.490.32
-0.81-0.78-0.840.20.34-0.27-0.740.070.27-0.890.320.31-0.54-0.66-0.83-0.30.42-0.8-0.25-0.58
0.840.810.78-0.02-0.250.350.820.14-0.510.9-0.16-0.10.540.750.720.04-0.22-0.80.360.71
0.010.250.350.320.110.310.250.65-0.240.340.430.490.510.30.370.390.49-0.250.360.88
0.450.590.620.280.060.480.610.58-0.340.690.310.30.620.640.580.410.32-0.580.710.88
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Ascendant Resources Account Relationship Matchups

Ascendant Resources income statement Accounts

202020212022202320242025 (projected)
Interest Expense13K546K962K329.3K378.7K388.6K
Selling General Administrative2.3M2.0M2.1M1.7M1.9M3.6M
Other Operating Expenses2.4M2.1M2.2M2.8M3.2M3.1M
Operating Income(2.9M)(4.2M)(7.9M)(2.8M)(2.5M)(2.7M)
Ebit(2.9M)(2.1M)(2.2M)(2.9M)(2.6M)(2.7M)
Ebitda(2.8M)(2.0M)(2.1M)(2.9M)(2.6M)(2.5M)
Total Operating Expenses2.3M2.0M2.1M2.8M3.2M5.2M
Net Income(11.6M)(3.2M)(11.6M)(10.5M)(9.4M)(9.0M)
Income Tax Expense8.7M(1.5M)1.4M(2.0)(2.3)(2.18)
Depreciation And Amortization105K123K104K6K6.9K6.6K
Income Before Tax(3.0M)(4.7M)(10.3M)(7.8M)(7.0M)(6.6M)
Total Other Income Expense Net(619K)(2.8M)(8.2M)(4.9M)(4.5M)(4.2M)
Gross Profit(105K)(123K)(104K)(118.8K)(136.6K)(129.8K)
Cost Of Revenue105K123K104K118.8K136.6K129.8K
Net Income From Continuing Ops(3.0M)(4.7M)(10.3M)(7.8M)(7.0M)(6.6M)
Net Income Applicable To Common Shares3.0M(8.2M)(12.1M)(4.7M)(4.2M)(4.5M)
Net Interest Income(13K)(546K)(980K)237K272.6K286.2K
Interest Income27K553K17K481K432.9K585.2K
Reconciled Depreciation105K123K104K88K79.2K75.2K

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.
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 CorrelationCorrelation Matching

Other Information on Investing in Ascendant Stock

Ascendant Resources Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Ascendant Resources shareholders. The income statement also shows Ascendant investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).