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.
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.
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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
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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 Liabilities | 4.5M | 5.2M | 6.0M | 4.9M | Total Assets | 30.4M | 24.9M | 28.6M | 18.5M |
Covalon Technologies balance sheet Correlations
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Covalon Technologies balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 34.7M | 40.6M | 30.4M | 24.9M | 28.6M | 18.5M | |
Total Current Liabilities | 22.6M | 5.0M | 4.5M | 5.2M | 6.0M | 4.9M | |
Total Stockholder Equity | 9.1M | 33.4M | 24.2M | 18.8M | 21.6M | 12.3M | |
Property Plant And Equipment Net | 4.6M | 2.1M | 1.9M | 1.7M | 1.9M | 1.2M | |
Net Debt | 17.4M | (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 Payable | 14.0M | 4.0M | 3.7M | 3.8M | 4.4M | 3.8M | |
Cash | 3.5M | 22.9M | 14.1M | 8.8M | 10.1M | 6.3M | |
Non Current Assets Total | 19.8M | 3.1M | 3.2M | 3.6M | 4.2M | 5.2M | |
Non Currrent Assets Other | 36.6K | 37.3K | 137.1K | 135.2K | 121.7K | 115.6K | |
Cash And Short Term Investments | 3.5M | 22.9M | 14.1M | 8.8M | 10.1M | 7.6M | |
Net Receivables | 3.3M | 6.4M | 4.7M | 6.2M | 7.1M | 7.4M | |
Common Stock Shares Outstanding | 25.8M | 25.8M | 25.8M | 24.9M | 28.6M | 15.1M | |
Liabilities And Stockholders Equity | 34.7M | 40.6M | 30.4M | 24.9M | 28.6M | 18.5M | |
Inventory | 7.2M | 4.7M | 5.0M | 5.9M | 6.8M | 7.2M | |
Other Current Assets | 809.4K | 3.4M | 3.5M | 390.1K | 448.6K | 637.1K | |
Other Stockholder Equity | 11.7M | 11.8M | 11.3M | 11.4M | 10.3M | 12.8M | |
Total Liab | 25.6M | 7.2M | 6.1M | 6.1M | 7.0M | 6.1M | |
Total Current Assets | 14.8M | 37.4M | 27.2M | 21.3M | 24.5M | 13.3M | |
Accumulated Other Comprehensive Income | 565.8K | 1.1M | 3.0M | 3.0M | 3.4M | 3.6M | |
Current Deferred Revenue | 498.1K | 414.6K | 209.1K | 80.7K | 72.6K | 69.0K | |
Intangible Assets | 2.2M | 897.9K | 1.3M | 1.8M | 2.1M | 1.6M | |
Non Current Liabilities Total | 3.0M | 2.2M | 1.6M | 919.1K | 1.1M | 1.5M | |
Other Current Liab | (10.1M) | 414.6K | 209.1K | 668.0K | 601.2K | 631.2K | |
Short Long Term Debt Total | 20.9M | 2.6M | 2.2M | 1.6M | 1.8M | 1.7M | |
Other Liab | 438.9K | 290.1K | 162.4K | 51.4K | 46.3K | 43.9K | |
Net Tangible Assets | 259.4K | (5.6M) | 32.9M | 23.2M | 26.7M | 28.1M | |
Other Assets | 648.5K | 542.3K | 513.2K | 290.3K | 261.3K | 248.2K | |
Deferred Long Term Liab | 611.8K | 505.0K | 376.1K | 290.3K | 261.3K | 248.2K | |
Short Term Debt | 18.2M | 541.4K | 609.6K | 643.4K | 739.9K | 702.9K | |
Property Plant Equipment | 1.9M | 4.6M | 2.1M | 1.9M | 2.2M | 1.7M | |
Net Invested Capital | 26.8M | 33.4M | 24.2M | 18.8M | 21.6M | 25.1M | |
Net Working Capital | (7.8M) | 32.4M | 22.7M | 16.1M | 18.5M | 13.4M |
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When running Covalon Technologies' price analysis, check to measure Covalon Technologies' 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 Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.