Payfare Historical Balance Sheet
| PAY Stock | CAD 2.15 0.10 4.88% |
Trend analysis of Payfare balance sheet accounts such as Other Liabilities of 270.5 K, Net Tangible Assets of 55.9 M, Accounts Payable of 24 M or Cash of 82.1 M provides information on Payfare's total assets, liabilities, and equity, which is the actual value of Payfare to its prevalent stockholders. By breaking down trends over time using Payfare 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 Payfare 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 Payfare is a good buy for the upcoming year.
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About Payfare Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Payfare at a specified time, usually calculated after every quarter, six months, or one year. Payfare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Payfare 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 Payfare currently owns. An asset can also be divided into two categories, current and non-current.
Payfare Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Payfare 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 Payfare 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 Payfare balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Payfare 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.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most accounts from Payfare's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Payfare 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Payfare. 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, Payfare's Accounts Payable is very stable compared to the past year. As of the 11th of December 2024, Cash is likely to grow to about 82.1 M, while Retained Earnings are likely to drop (96.9 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 176.2M | 148.7M | 207.6M | 218.0M | Total Assets | 224.3M | 217.1M | 301.6M | 316.7M |
Payfare balance sheet Correlations
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Payfare Account Relationship Matchups
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Payfare balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 36.0M | 31.7M | 224.3M | 217.1M | 301.6M | 316.7M | |
| Other Current Liab | 21.9M | 22.5M | 176.2M | 148.7M | 207.6M | 218.0M | |
| Total Current Liabilities | 34.0M | 43.9M | 176.4M | 167.4M | 230.4M | 241.9M | |
| Total Stockholder Equity | 2.0M | (12.2M) | 47.9M | 49.6M | 71.2M | 74.8M | |
| Net Tangible Assets | 686.4K | (13.2M) | 46.8M | 46.3M | 53.2M | 55.9M | |
| Retained Earnings | (53.7M) | (80.0M) | (101.4M) | (104.3M) | (92.3M) | (96.9M) | |
| Accounts Payable | 3.2M | 3.3M | 11.4M | 20.0M | 22.8M | 24.0M | |
| Cash | 949.0K | 1.6M | 40.9M | 42.6M | 78.2M | 82.1M | |
| Net Receivables | 4.8M | 1.4M | 5.1M | 3.1M | 6.2M | 4.1M | |
| Inventory | 28.5M | 27.4M | 175.1M | 161.8M | 186.0M | 195.3M | |
| Other Stockholder Equity | 13.7M | 15.3M | 12.6M | 17.1M | 18.5M | 9.4M | |
| Total Liab | 34.0M | 43.9M | 176.4M | 167.4M | 230.4M | 241.9M | |
| Short Long Term Debt | 9K | 6.9K | 8.8M | 17.9M | 20.6M | 21.6M | |
| Total Current Assets | 34.5M | 30.6M | 223.0M | 211.8M | 295.1M | 309.8M | |
| Short Term Debt | 8.9M | 17.9M | 59.2K | 35.7K | 41.1K | 39.1K | |
| Intangible Assets | 1.3M | 1.1M | 1.1M | 3.3M | 5.6M | 5.9M | |
| Common Stock | 42.0M | 52.6M | 136.7M | 136.9M | 145.1M | 152.4M | |
| Property Plant Equipment | 224.6K | 49.2K | 218.0K | 161.4K | 145.3K | 151.0K | |
| Short Long Term Debt Total | 8.9M | 17.9M | 94.0K | 35.7K | 32.2K | 30.6K | |
| Current Deferred Revenue | (25.1M) | 178.3K | 120.6K | 9.4K | 10.8K | 11.3K | |
| Net Debt | 8.0M | 16.3M | (40.9M) | (42.6M) | (78.2M) | (74.2M) | |
| Non Current Assets Total | 1.5M | 1.1M | 1.3M | 5.3M | 6.6M | 6.9M | |
| Cash And Short Term Investments | 949.0K | 1.6M | 40.9M | 42.6M | 78.2M | 82.1M | |
| Liabilities And Stockholders Equity | 36.0M | 31.7M | 224.3M | 217.1M | 301.6M | 316.7M | |
| Capital Surpluse | 7.0M | 6.5M | 13.7M | 15.2M | 17.5M | 9.7M | |
| Other Current Assets | 28.7M | 27.6M | 176.9M | 152.6M | 210.8M | 221.3M | |
| Accumulated Other Comprehensive Income | (39.8K) | (37.9K) | (30.6K) | (79.8K) | (66.1K) | (62.8K) | |
| Property Plant And Equipment Net | 224.6K | 49.2K | 218.0K | 161.4K | 111.0K | 152.1K | |
| Net Invested Capital | 10.7M | 5.7M | 47.9M | 49.6M | 71.2M | 74.8M | |
| Net Working Capital | 461.7K | (13.3M) | 46.6M | 44.4M | 64.7M | 67.9M |
Pair Trading with Payfare
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 Payfare 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 Payfare will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Payfare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Payfare 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 Payfare - 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 Payfare to buy it.
The correlation of Payfare 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 Payfare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Payfare 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 Payfare 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.Other Information on Investing in Payfare Stock
Balance Sheet is a snapshot of the financial position of Payfare at a specified time, usually calculated after every quarter, six months, or one year. Payfare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Payfare 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 Payfare currently owns. An asset can also be divided into two categories, current and non-current.