Covalon Historical Balance Sheet

COV Stock  CAD 3.56  0.10  2.73%   
Trend analysis of Covalon Technologies balance sheet accounts such as Total Current Liabilities of 4.9 M, Total Stockholder Equity of 12.3 M or Property Plant And Equipment Net of 1.2 M provides information on Covalon Technologies' total assets, liabilities, and equity, which is the actual value of Covalon Technologies to its prevalent stockholders. By breaking down trends over time using Covalon Technologies 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 Covalon Technologies 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 Covalon Technologies is a good buy for the upcoming year.

Covalon Technologies Inventory

7.18 Million

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

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

Covalon Technologies Balance Sheet Chart

At this time, Covalon Technologies' Short and Long Term Debt is fairly stable compared to the past year. Net Invested Capital is likely to climb to about 25.1 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 4.9 M in 2024.

Total Assets

Total assets refers to the total amount of Covalon Technologies 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 Covalon Technologies 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 Current Liabilities

Total Current Liabilities is an item on Covalon Technologies balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Covalon Technologies 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.

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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Covalon Technologies balance sheet. This account contains Covalon Technologies investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Covalon Technologies 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.

Accumulated Other Comprehensive Income

Gains and losses not included in net income that are recorded in shareholders' equity, reflecting changes in the value of assets or liabilities that are not realized.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most accounts from Covalon Technologies' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Covalon Technologies 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 Covalon Technologies. 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, Covalon Technologies' Short and Long Term Debt is fairly stable compared to the past year. Net Invested Capital is likely to climb to about 25.1 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 4.9 M in 2024.
 2021 2022 2023 2024 (projected)
Total Current Liabilities4.5M5.2M6.0M4.9M
Total Assets30.4M24.9M28.6M18.5M

Covalon Technologies balance sheet Correlations

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0.80.160.970.39-0.64-0.020.241.00.04-0.240.720.70.530.810.070.210.95-0.22-0.640.34-0.040.070.71-0.590.76
0.70.260.80.46-0.42-0.30.370.70.1-0.350.720.790.80.460.020.260.8-0.51-0.470.16-0.030.080.86-0.840.81
0.870.550.810.71-0.17-0.50.650.720.36-0.450.70.790.830.52-0.040.540.88-0.26-0.40.33-0.30.410.92-0.70.48
0.850.730.620.720.09-0.570.780.530.61-0.360.530.80.830.260.050.730.72-0.35-0.110.59-0.440.60.92-0.590.37
0.580.040.790.35-0.60.110.150.81-0.09-0.10.810.460.520.260.040.050.74-0.2-0.760.08-0.03-0.030.46-0.480.59
0.070.070.040.120.0-0.030.030.050.09-0.010.070.02-0.040.050.040.070.040.10.160.06-0.10.050.05-0.10.08
0.740.990.230.820.61-0.610.950.220.97-0.260.210.260.540.730.050.070.40.080.270.83-0.840.980.59-0.03-0.27
0.910.370.980.57-0.47-0.210.450.960.21-0.310.950.80.880.720.740.040.4-0.29-0.550.41-0.160.250.86-0.660.69
-0.190.06-0.35-0.070.27-0.25-0.04-0.220.12-0.35-0.22-0.51-0.26-0.35-0.20.10.08-0.290.110.09-0.150.16-0.380.44-0.48
-0.260.27-0.610.00.75-0.020.14-0.630.440.39-0.64-0.47-0.4-0.11-0.760.160.27-0.550.110.3-0.390.36-0.240.47-0.64
0.680.750.280.50.39-0.320.660.350.81-0.070.340.160.330.590.080.060.830.410.090.3-0.630.810.470.11-0.17
-0.52-0.85-0.04-0.83-0.660.49-0.83-0.05-0.90.06-0.04-0.03-0.3-0.44-0.03-0.1-0.84-0.16-0.15-0.39-0.63-0.89-0.39-0.090.36
0.620.970.070.780.71-0.560.920.090.99-0.170.070.080.410.6-0.030.050.980.250.160.360.81-0.890.450.12-0.43
0.90.590.810.73-0.14-0.430.670.720.46-0.310.710.860.920.920.460.050.590.86-0.38-0.240.47-0.390.45-0.710.56
-0.5-0.06-0.7-0.360.490.13-0.2-0.580.090.16-0.59-0.84-0.7-0.59-0.48-0.1-0.03-0.660.440.470.11-0.090.12-0.71-0.79
0.39-0.290.790.05-0.850.14-0.160.74-0.4-0.120.760.810.480.370.590.08-0.270.69-0.48-0.64-0.170.36-0.430.56-0.79
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Covalon Technologies Account Relationship Matchups

Covalon Technologies balance sheet Accounts

201920202021202220232024 (projected)
Total Assets34.7M40.6M30.4M24.9M28.6M18.5M
Total Current Liabilities22.6M5.0M4.5M5.2M6.0M4.9M
Total Stockholder Equity9.1M33.4M24.2M18.8M21.6M12.3M
Property Plant And Equipment Net4.6M2.1M1.9M1.7M1.9M1.2M
Net Debt17.4M(20.4M)(11.9M)(7.2M)(6.5M)(6.2M)
Retained Earnings(47.7M)(24.2M)(33.9M)(38.4M)(34.5M)(36.3M)
Accounts Payable14.0M4.0M3.7M3.8M4.4M3.8M
Cash3.5M22.9M14.1M8.8M10.1M6.3M
Non Current Assets Total19.8M3.1M3.2M3.6M4.2M5.2M
Non Currrent Assets Other36.6K37.3K137.1K135.2K121.7K115.6K
Cash And Short Term Investments3.5M22.9M14.1M8.8M10.1M7.6M
Net Receivables3.3M6.4M4.7M6.2M7.1M7.4M
Common Stock Shares Outstanding25.8M25.8M25.8M24.9M28.6M15.1M
Liabilities And Stockholders Equity34.7M40.6M30.4M24.9M28.6M18.5M
Inventory7.2M4.7M5.0M5.9M6.8M7.2M
Other Current Assets809.4K3.4M3.5M390.1K448.6K637.1K
Other Stockholder Equity11.7M11.8M11.3M11.4M10.3M12.8M
Total Liab25.6M7.2M6.1M6.1M7.0M6.1M
Total Current Assets14.8M37.4M27.2M21.3M24.5M13.3M
Accumulated Other Comprehensive Income565.8K1.1M3.0M3.0M3.4M3.6M
Current Deferred Revenue498.1K414.6K209.1K80.7K72.6K69.0K
Intangible Assets2.2M897.9K1.3M1.8M2.1M1.6M
Non Current Liabilities Total3.0M2.2M1.6M919.1K1.1M1.5M
Other Current Liab(10.1M)414.6K209.1K668.0K601.2K631.2K
Short Long Term Debt Total20.9M2.6M2.2M1.6M1.8M1.7M
Other Liab438.9K290.1K162.4K51.4K46.3K43.9K
Net Tangible Assets259.4K(5.6M)32.9M23.2M26.7M28.1M
Other Assets648.5K542.3K513.2K290.3K261.3K248.2K
Deferred Long Term Liab611.8K505.0K376.1K290.3K261.3K248.2K
Short Term Debt18.2M541.4K609.6K643.4K739.9K702.9K
Property Plant Equipment1.9M4.6M2.1M1.9M2.2M1.7M
Net Invested Capital26.8M33.4M24.2M18.8M21.6M25.1M
Net Working Capital(7.8M)32.4M22.7M16.1M18.5M13.4M

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