Skye Historical Balance Sheet

SKYE Stock  USD 2.83  0.28  10.98%   
Trend analysis of Skye Bioscience, Common balance sheet accounts such as Other Assets of 0.86, Other Current Assets of 11.5 M, Other Stockholder Equity of 107.4 M or Total Current Assets of 12.2 M provides information on Skye Bioscience,'s total assets, liabilities, and equity, which is the actual value of Skye Bioscience, Common to its prevalent stockholders. By breaking down trends over time using Skye Bioscience, 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 Skye Bioscience, Common 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 Skye Bioscience, Common is a good buy for the upcoming year.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skye Bioscience, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

About Skye Balance Sheet Analysis

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

Skye Bioscience, Balance Sheet Chart

At present, Skye Bioscience,'s Net Tangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Current Assets is expected to grow to about 11.5 M, whereas Retained Earnings are projected to grow to (99.2 M).

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most accounts from Skye Bioscience,'s balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Skye Bioscience, Common 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Skye Bioscience, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
At present, Skye Bioscience,'s Net Tangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Current Assets is expected to grow to about 11.5 M, whereas Retained Earnings are projected to grow to (99.2 M).
 2021 2022 2023 2024 (projected)
Total Current Liabilities3.9M12.1M13.9M14.6M
Other Current Liabilities954.9K7.6M8.3M4.7M

Skye Bioscience, balance sheet Correlations

0.9-0.21-0.530.3-0.560.340.550.430.250.370.44-0.83-0.50.070.350.390.480.97-0.420.36-0.860.190.130.360.39
0.90.17-0.810.52-0.710.660.820.740.280.690.66-0.6-0.650.130.680.350.250.95-0.10.71-0.670.190.140.620.63
-0.210.17-0.670.74-0.450.570.630.760.390.790.730.65-0.530.340.770.11-0.370.010.90.730.580.020.330.750.6
-0.53-0.81-0.67-0.690.81-0.87-0.99-0.95-0.3-0.9-0.860.080.82-0.28-0.91-0.180.07-0.69-0.46-0.930.15-0.11-0.14-0.85-0.85
0.30.520.74-0.69-0.530.40.640.780.740.830.860.17-0.560.30.730.570.160.490.490.650.090.340.70.810.57
-0.56-0.71-0.450.81-0.53-0.52-0.84-0.77-0.5-0.67-0.730.160.89-0.42-0.67-0.35-0.21-0.66-0.35-0.610.20.09-0.33-0.64-0.54
0.340.660.57-0.870.4-0.520.830.78-0.180.750.61-0.05-0.490.010.82-0.2-0.40.480.370.94-0.110.14-0.320.680.88
0.550.820.63-0.990.64-0.840.830.940.320.870.85-0.1-0.880.360.890.19-0.050.70.460.89-0.170.010.140.820.8
0.430.740.76-0.950.78-0.770.780.940.430.980.930.09-0.790.480.980.19-0.150.610.590.930.010.160.290.940.8
0.250.280.39-0.30.74-0.5-0.180.320.430.440.550.08-0.560.480.310.790.550.330.290.120.050.040.980.41-0.02
0.370.690.79-0.90.83-0.670.750.870.980.440.930.14-0.680.440.990.21-0.20.560.590.930.060.240.330.950.78
0.440.660.73-0.860.86-0.730.610.850.930.550.930.13-0.770.560.910.27-0.080.620.590.810.060.260.430.980.8
-0.83-0.60.650.080.170.16-0.05-0.10.090.080.140.130.050.340.15-0.27-0.57-0.70.830.070.99-0.090.140.20.02
-0.5-0.65-0.530.82-0.560.89-0.49-0.88-0.79-0.56-0.68-0.770.05-0.57-0.68-0.33-0.19-0.6-0.48-0.590.090.19-0.37-0.67-0.52
0.070.130.34-0.280.3-0.420.010.360.480.480.440.560.34-0.570.47-0.06-0.140.140.570.230.330.020.390.550.16
0.350.680.77-0.910.73-0.670.820.890.980.310.990.910.15-0.680.470.06-0.310.530.610.960.070.220.190.950.83
0.390.350.11-0.180.57-0.35-0.20.190.190.790.210.27-0.27-0.33-0.060.060.650.41-0.14-0.01-0.31-0.190.790.12-0.11
0.480.25-0.370.070.16-0.21-0.4-0.05-0.150.55-0.2-0.08-0.57-0.19-0.14-0.310.650.4-0.49-0.35-0.540.120.55-0.26-0.36
0.970.950.01-0.690.49-0.660.480.70.610.330.560.62-0.7-0.60.140.530.410.4-0.230.54-0.750.260.20.550.56
-0.42-0.10.9-0.460.49-0.350.370.460.590.290.590.590.83-0.480.570.61-0.14-0.49-0.230.520.8-0.070.230.620.43
0.360.710.73-0.930.65-0.610.940.890.930.120.930.810.07-0.590.230.96-0.01-0.350.540.52-0.020.21-0.010.870.89
-0.86-0.670.580.150.090.2-0.11-0.170.010.050.060.060.990.090.330.07-0.31-0.54-0.750.8-0.02-0.10.110.12-0.05
0.190.190.02-0.110.340.090.140.010.160.040.240.26-0.090.190.020.22-0.190.120.26-0.070.21-0.10.090.310.3
0.130.140.33-0.140.7-0.33-0.320.140.290.980.330.430.14-0.370.390.190.790.550.20.23-0.010.110.090.3-0.14
0.360.620.75-0.850.81-0.640.680.820.940.410.950.980.2-0.670.550.950.12-0.260.550.620.870.120.310.30.85
0.390.630.6-0.850.57-0.540.880.80.8-0.020.780.80.02-0.520.160.83-0.11-0.360.560.430.89-0.050.3-0.140.85
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Skye Bioscience, Account Relationship Matchups

Skye Bioscience, balance sheet Accounts

201920202021202220232024 (projected)
Other Current Liab410.6K341.8K954.9K7.6M8.3M4.7M
Total Current Liabilities970.8K787.2K3.9M12.1M13.9M14.6M
Net Tangible Assets(15.6M)548.1K450.8K5.9M6.7M7.1M
Retained Earnings(32.2M)(38.7M)(47.3M)(66.7M)(104.4M)(99.2M)
Accounts Payable129.8K381.4K900.0K1.8M1.2M653.5K
Other Current Assets12.1K195.0K629.1K412.0K11.0M11.5M
Total Current Assets2.0M2.7M9.6M8.9M11.7M12.2M
Common Stock182.9K288.1K476.1K913.5K12.3K11.7K
Property Plant Equipment3.4K2.0K7.3K234.7K269.9K283.4K
Total Assets2.0M2.7M9.9M9.1M11.9M6.0M
Total Stockholder Equity548.1K450.8K5.9M(3.0M)(2.1M)(2.2M)
Cash1.8M2.5M9.0M1.2M1.3M1.2M
Non Current Assets Total2.0K7.3K243.0K167.4K289.6K304.0K
Common Stock Shares Outstanding182.9M1.0M1.7M493.7M7.0M6.7M
Non Current Liabilities Total477.9K1.4M78.7K1.7M171.2K162.7K
Total Liab1.4M2.2M4.0M12.1M14.1M8.3M
Net Invested Capital935.1K1.9M7.8M(1.2M)2.2M2.4M
Net Working Capital1.0M1.9M5.7M(3.2M)(2.3M)(2.4M)
Capital Stock182.9K288.1K476.1K913.5K12.3K11.7K

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Skye Bioscience, Common is a strong investment it is important to analyze Skye Bioscience,'s competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Skye Bioscience,'s future performance. For an informed investment choice regarding Skye Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skye Bioscience, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skye Bioscience,. If investors know Skye will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skye Bioscience, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(3.60)
Return On Assets
(0.30)
Return On Equity
(0.55)
The market value of Skye Bioscience, Common is measured differently than its book value, which is the value of Skye that is recorded on the company's balance sheet. Investors also form their own opinion of Skye Bioscience,'s value that differs from its market value or its book value, called intrinsic value, which is Skye Bioscience,'s true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skye Bioscience,'s market value can be influenced by many factors that don't directly affect Skye Bioscience,'s underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Skye Bioscience,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if Skye Bioscience, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skye Bioscience,'s price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.