Globex Historical Balance Sheet

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Trend analysis of Globex Mining Enterprises balance sheet accounts such as Total Current Liabilities of 162.8 K or Total Stockholder Equity of 33.9 M provides information on Globex Mining's total assets, liabilities, and equity, which is the actual value of Globex Mining Enterprises to its prevalent stockholders. By breaking down trends over time using Globex Mining 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 Globex Mining Enterprises 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 Globex Mining Enterprises is a good buy for the upcoming year.

Globex Mining Inventory

0.86

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globex Mining Enterprises. 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 Globex Balance Sheet Analysis

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

Globex Mining Balance Sheet Chart

At this time, Globex Mining's Property Plant And Equipment Gross is very stable compared to the past year. As of the 29th of November 2024, Total Current Assets is likely to grow to about 29.7 M, while Total Current Liabilities is likely to drop about 162.8 K.

Total Assets Total Current Liabilities Total Stockholder Equity Property Plant And Equipment Net Non Currrent Assets Other Other Liab

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Total Assets

Total assets refers to the total amount of Globex Mining 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 Globex Mining Enterprises 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 Globex Mining balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Globex Mining Enterprises 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.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Most accounts from Globex Mining's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Globex Mining Enterprises 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globex Mining Enterprises. 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 Stockholder Equity	34.9M	31.0M	32.3M	33.9M
Total Current Liabilities	2.6M	209.8K	171.4K	162.8K

Total Stockholder Equity Total Current Liabilities

Globex Mining balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Net Debt	Accounts Payable	Cash	Other Current Assets	Inventory	Common Stock Total Equity	Common Stock	Other Liab	Net Tangible Assets
Total Assets		0.43	0.25	0.98	0.18	0.4	0.34	0.46	0.74	-0.15	0.14	0.74	0.0	0.03	0.16	0.45	0.78	-0.56	-0.09	0.56	0.74	-0.19	0.51	0.29	-0.06	0.81
Other Current Liab	0.43		-0.09	0.34	0.29	-0.57	0.47	0.52	0.06	0.36	0.41	0.03	0.51	0.05	0.54	0.32	0.12	-0.06	-0.12	0.06	0.45	0.03	0.57	0.37	-0.17	-0.02
Total Current Liabilities	0.25	-0.09		0.17	0.21	0.51	0.23	0.2	0.06	0.34	-0.36	-0.05	0.2	0.11	0.51	0.22	0.1	-0.32	0.63	0.3	0.3	0.05	-0.38	-0.49	0.48	0.23
Total Stockholder Equity	0.98	0.34	0.17		0.05	0.41	0.2	0.33	0.82	-0.27	0.21	0.83	-0.16	-0.03	-0.01	0.34	0.86	-0.61	-0.2	0.62	0.71	-0.22	0.56	0.38	-0.17	0.85
Property Plant And Equipment Net	0.18	0.29	0.21	0.05		0.17	0.95	0.92	-0.51	0.36	-0.54	-0.46	0.8	0.31	0.73	0.94	-0.46	0.51	0.48	-0.51	0.06	0.33	-0.34	-0.58	0.54	-0.17
Retained Earnings	0.4	-0.57	0.51	0.41	0.17		0.1	0.12	0.33	-0.22	-0.58	0.37	-0.16	0.06	-0.06	0.31	0.33	-0.18	0.43	0.18	0.27	-0.08	-0.33	-0.47	0.47	0.64
Non Current Assets Total	0.34	0.47	0.23	0.2	0.95	0.1		0.99	-0.38	0.32	-0.36	-0.35	0.82	0.24	0.8	0.92	-0.32	0.37	0.35	-0.38	0.18	0.24	-0.2	-0.43	0.46	-0.08
Non Currrent Assets Other	0.46	0.52	0.2	0.33	0.92	0.12	0.99		-0.25	0.25	-0.3	-0.22	0.78	0.22	0.76	0.93	-0.19	0.28	0.29	-0.28	0.29	0.19	-0.06	-0.34	0.41	0.04
Cash And Short Term Investments	0.74	0.06	0.06	0.82	-0.51	0.33	-0.38	-0.25		-0.4	0.41	0.97	-0.61	-0.1	-0.44	-0.22	0.99	-0.83	-0.39	0.84	0.53	-0.36	0.64	0.59	-0.4	0.84
Net Receivables	-0.15	0.36	0.34	-0.27	0.36	-0.22	0.32	0.25	-0.4		-0.28	-0.42	0.63	0.57	0.68	0.23	-0.36	0.27	0.57	-0.28	0.0	0.19	-0.22	-0.48	0.54	-0.2
Common Stock Shares Outstanding	0.14	0.41	-0.36	0.21	-0.54	-0.58	-0.36	-0.3	0.41	-0.28		0.36	-0.43	-0.34	-0.37	-0.52	0.39	-0.43	-0.74	0.42	0.08	-0.16	0.69	0.83	-0.84	-0.04
Short Term Investments	0.74	0.03	-0.05	0.83	-0.46	0.37	-0.35	-0.22	0.97	-0.42	0.36		-0.59	-0.12	-0.48	-0.16	0.97	-0.67	-0.36	0.68	0.56	-0.34	0.61	0.56	-0.37	0.86
Non Current Liabilities Total	0.0	0.51	0.2	-0.16	0.8	-0.16	0.82	0.78	-0.61	0.63	-0.43	-0.59		0.36	0.93	0.67	-0.55	0.51	0.53	-0.52	0.04	0.21	-0.26	-0.56	0.66	-0.29
Other Stockholder Equity	0.03	0.05	0.11	-0.03	0.31	0.06	0.24	0.22	-0.1	0.57	-0.34	-0.12	0.36		0.34	0.28	-0.13	0.04	0.22	-0.05	-0.34	0.15	-0.14	-0.4	0.44	0.04
Total Liab	0.16	0.54	0.51	-0.01	0.73	-0.06	0.8	0.76	-0.44	0.68	-0.37	-0.48	0.93	0.34		0.63	-0.37	0.25	0.6	-0.26	0.19	0.18	-0.24	-0.53	0.64	-0.16
Property Plant And Equipment Gross	0.45	0.32	0.22	0.34	0.94	0.31	0.92	0.93	-0.22	0.23	-0.52	-0.16	0.67	0.28	0.63		-0.16	0.31	0.4	-0.31	0.28	0.25	-0.18	-0.42	0.46	0.12
Total Current Assets	0.78	0.12	0.1	0.86	-0.46	0.33	-0.32	-0.19	0.99	-0.36	0.39	0.97	-0.55	-0.13	-0.37	-0.16		-0.81	-0.33	0.82	0.62	-0.35	0.65	0.57	-0.36	0.87
Net Debt	-0.56	-0.06	-0.32	-0.61	0.51	-0.18	0.37	0.28	-0.83	0.27	-0.43	-0.67	0.51	0.04	0.25	0.31	-0.81		0.36	-1.0	-0.32	0.31	-0.53	-0.5	0.37	-0.6
Accounts Payable	-0.09	-0.12	0.63	-0.2	0.48	0.43	0.35	0.29	-0.39	0.57	-0.74	-0.36	0.53	0.22	0.6	0.4	-0.33	0.36		-0.37	0.19	0.23	-0.55	-0.83	0.79	-0.02
Cash	0.56	0.06	0.3	0.62	-0.51	0.18	-0.38	-0.28	0.84	-0.28	0.42	0.68	-0.52	-0.05	-0.26	-0.31	0.82	-1.0	-0.37		0.33	-0.31	0.53	0.52	-0.37	0.61
Other Current Assets	0.74	0.45	0.3	0.71	0.06	0.27	0.18	0.29	0.53	0.0	0.08	0.56	0.04	-0.34	0.19	0.28	0.62	-0.32	0.19	0.33		-0.13	0.48	0.22	0.01	0.66
Inventory	-0.19	0.03	0.05	-0.22	0.33	-0.08	0.24	0.19	-0.36	0.19	-0.16	-0.34	0.21	0.15	0.18	0.25	-0.35	0.31	0.23	-0.31	-0.13		-0.23	-0.24	0.04	-0.37
Common Stock Total Equity	0.51	0.57	-0.38	0.56	-0.34	-0.33	-0.2	-0.06	0.64	-0.22	0.69	0.61	-0.26	-0.14	-0.24	-0.18	0.65	-0.53	-0.55	0.53	0.48	-0.23		0.76	-0.58	0.4
Common Stock	0.29	0.37	-0.49	0.38	-0.58	-0.47	-0.43	-0.34	0.59	-0.48	0.83	0.56	-0.56	-0.4	-0.53	-0.42	0.57	-0.5	-0.83	0.52	0.22	-0.24	0.76		-0.89	0.16
Other Liab	-0.06	-0.17	0.48	-0.17	0.54	0.47	0.46	0.41	-0.4	0.54	-0.84	-0.37	0.66	0.44	0.64	0.46	-0.36	0.37	0.79	-0.37	0.01	0.04	-0.58	-0.89		0.09
Net Tangible Assets	0.81	-0.02	0.23	0.85	-0.17	0.64	-0.08	0.04	0.84	-0.2	-0.04	0.86	-0.29	0.04	-0.16	0.12	0.87	-0.6	-0.02	0.61	0.66	-0.37	0.4	0.16	0.09

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Globex Mining Account Relationship Matchups

Globex Mining balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.8M	12.0M	37.5M	31.3M	32.4M	34.0M
Other Current Liab	44.9K	39.3K	54.4K	55.2K	62.7K	65.8K
Total Current Liabilities	130.2K	185.8K	2.6M	209.8K	171.4K	162.8K
Total Stockholder Equity	4.6M	10.9M	34.9M	31.0M	32.3M	33.9M
Property Plant And Equipment Net	399.5K	389.7K	847.8K	929.8K	1.0M	986.9K
Retained Earnings	(56.2M)	(50.2M)	(26.5M)	(30.6M)	(29.1M)	(30.5M)
Non Current Assets Total	1.2M	1.2M	7.7M	6.5M	4.1M	3.9M
Non Currrent Assets Other	781.8K	821.6K	6.8M	5.5M	6.3M	4.9M
Cash And Short Term Investments	3.0M	10.5M	26.7M	21.6M	24.6M	25.9M
Net Receivables	277.0K	221.6K	132.6K	140.0K	50.4K	47.9K
Common Stock Shares Outstanding	52.9M	55.3M	56.8M	55.5M	56.5M	31.1M
Short Term Investments	1.4M	5.7M	14.6M	20.1M	18.0M	18.9M
Liabilities And Stockholders Equity	5.8M	12.0M	37.5M	31.3M	32.4M	34.0M
Non Current Liabilities Total	1.0M	964.3K	109.3K	154.6K	139.1K	132.2K
Other Stockholder Equity	4.9M	5.0M	4.9M	5.0M	5.1M	4.9M
Total Liab	1.2M	1.2M	2.6M	209.8K	171.4K	162.8K
Property Plant And Equipment Gross	399.5K	389.7K	1.6M	1.7M	1.6M	2.7M
Total Current Assets	4.6M	10.8M	29.8M	24.7M	28.3M	29.7M
Net Debt	(1.6M)	(4.7M)	(12.1M)	(1.5M)	(6.6M)	(6.3M)
Accounts Payable	85.2K	146.5K	109.3K	154.6K	108.7K	103.3K
Cash	1.6M	4.8M	12.1M	1.5M	6.6M	6.9M
Other Current Assets	1.3M	133.4K	3.0M	3.0M	3.7M	3.8M
Common Stock Total Equity	55.9M	55.7M	55.9M	56.1M	64.5M	59.3M
Common Stock	55.9M	56.1M	56.5M	56.7M	56.2M	59.1M
Other Liab	973.5K	862.0K	1.0M	913.2K	821.9K	1.1M
Net Tangible Assets	4.6M	4.6M	10.9M	34.9M	40.1M	42.1M
Other Assets	781.8K	821.6K	6.7M	159.9K	183.8K	174.6K
Long Term Investments	8.5K	7.6K	5.6K	128.7K	115.8K	121.6K
Property Plant Equipment	399.5K	389.7K	1.0M	929.8K	836.9K	795.0K
Capital Surpluse	4.9M	5.0M	4.9M	5.0M	5.7M	5.3M
Net Invested Capital	4.6M	10.9M	34.9M	31.0M	35.7M	37.5M
Net Working Capital	4.5M	10.6M	27.2M	24.5M	28.2M	29.6M

Pair Trading with Globex Mining

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 Globex Mining 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 Globex Mining will appreciate offsetting losses from the drop in the long position's value.

Moving together with Globex Stock

0.74	AG	First Majestic Silver	Pair Corr
0.87	IE	Ivanhoe Energy	Pair Corr
0.86	FDY	Faraday Copper Corp	Pair Corr

Moving against Globex Stock

0.55

INFM

Infinico Metals Corp

Pair Corr

The ability to find closely correlated positions to Globex Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globex Mining 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 Globex Mining - 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 Globex Mining Enterprises to buy it.

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

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Globex Historical Balance Sheet

Globex Mining Inventory

0.86

About Globex Balance Sheet Analysis

Globex Mining Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Property Plant And Equipment Net

Non Currrent Assets Other

Globex Mining balance sheet Correlations

Globex Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Globex Mining balance sheet Accounts

Pair Trading with Globex Mining

Moving together with Globex Stock

Moving against Globex Stock

Other Information on Investing in Globex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Currrent Assets Other	+ 0.99	Non Current Assets Total
Total Current Assets	+ 0.99	Cash And Short Term Investments
Total Stockholder Equity	+ 0.98	Total Assets
Short Term Investments	+ 0.97	Cash And Short Term Investments
Total Current Assets	+ 0.97	Short Term Investments
Non Current Assets Total	+ 0.95	Property Plant And Equipment Net

Cash	- 1.0	Net Debt
Other Liab	- 0.89	Common Stock
Other Liab	- 0.84	Common Stock Shares Outstanding
Common Stock	- 0.83	Accounts Payable
Net Debt	- 0.83	Cash And Short Term Investments
Net Debt	- 0.81	Total Current Assets