Sprott Total Current Liabilities vs Non Current Assets Total Analysis
| CEF Stock | CAD 34.32 0.19 0.56% |
Sprott Physical financial indicator trend analysis is much more than just breaking down Sprott Physical Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sprott Physical Gold is a good investment. Please check the relationship between Sprott Physical Total Current Liabilities and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sprott Physical Gold. 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.
Total Current Liabilities vs Non Current Assets Total
Total Current Liabilities vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sprott Physical Gold Total Current Liabilities account and Non Current Assets Total. At this time, the significance of the direction appears to have weak relationship.
The correlation between Sprott Physical's Total Current Liabilities and Non Current Assets Total is 0.34. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Sprott Physical Gold, assuming nothing else is changed. The correlation between historical values of Sprott Physical's Total Current Liabilities and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Sprott Physical Gold are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Current Liabilities i.e., Sprott Physical's Total Current Liabilities and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.34 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Sprott Physical balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Sprott Physical Gold 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.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from Sprott Physical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sprott Physical Gold current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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 Sprott Physical Gold. 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. As of the 30th of November 2024, Selling General Administrative is likely to drop to about 2.8 M. In addition to that, Tax Provision is likely to drop to about 13.5 K
| 2023 | 2024 (projected) | Interest Income | 900.0 | 855.0 | Net Interest Income | 38.3K | 64.9K |
Sprott Physical fundamental ratios Correlations
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Sprott Physical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sprott Physical fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 196.7M | 209.4M | 220.8M | 217.7M | 214.6M | 219.3M | |
| Total Assets | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 3.3B | |
| Other Current Liab | (1.2M) | (125K) | (62K) | (783K) | (1.8M) | (1.7M) | |
| Total Current Liabilities | 1.2M | 125K | 62K | 783K | 1.8M | 2.2M | |
| Total Stockholder Equity | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 3.3B | |
| Retained Earnings | 226.6M | 1.2B | 914.2M | 896.0M | 1.2B | 1.2B | |
| Accounts Payable | 1.2M | 125K | 62K | 783K | 1.8M | 1.4M | |
| Non Current Assets Total | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 3.5B | |
| Non Currrent Assets Other | (3.0B) | (4.4B) | (4.1B) | (4.0B) | (8.5B) | (8.0B) | |
| Common Stock Total Equity | 2.4B | 3.0B | 2.7B | 3.2B | 3.7B | 2.2B | |
| Liabilities And Stockholders Equity | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 3.3B | |
| Non Current Liabilities Total | 1.2M | 125K | 62K | 783K | 1.8M | 898.7K | |
| Other Current Assets | 3.0B | 4.4B | 4.1B | 4.0B | (4.2B) | (4.0B) | |
| Other Stockholder Equity | (226.6M) | (3.1M) | (3.1M) | (3.2M) | (3.2M) | (3.3M) | |
| Total Liab | 1.2M | 125K | 62K | 1.2M | 1.8M | 1.7M | |
| Total Current Assets | 1.3M | 1.4M | 679K | 3.4M | 6.9M | 6.6M | |
| Common Stock | 2.7B | 3.2B | 3.2B | 3.1B | 3.1B | 2.4B | |
| Net Debt | (1.3M) | (1.4M) | (679K) | (3.4M) | (6.9M) | (7.2M) | |
| Cash | 1.3M | 1.4M | 679K | 3.4M | 6.9M | 6.6M | |
| Cash And Short Term Investments | 1.3M | 1.4M | 679K | 3.4M | 4.2B | 4.4B | |
| Short Term Investments | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 2.8B | |
| Accumulated Other Comprehensive Income | 62.2K | (3.1M) | (3.1M) | (3.2M) | (3.2M) | (3.0M) | |
| Net Tangible Assets | 3.0B | 4.4B | 4.1B | 4.0B | 4.6B | 3.9B | |
| Long Term Investments | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 4.0B | |
| Capital Stock | 2.7B | 3.2B | 3.2B | 3.1B | 3.1B | 3.4B |
Pair Trading with Sprott Physical
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 Sprott Physical 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 Sprott Physical will appreciate offsetting losses from the drop in the long position's value.Moving against Sprott Stock
The ability to find closely correlated positions to Sprott Physical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sprott Physical 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 Sprott Physical - 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 Sprott Physical Gold to buy it.
The correlation of Sprott Physical 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 Sprott Physical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Physical Gold 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 Sprott Physical 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 Sprott Physical Gold. 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. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.