CoinSmart Historical Balance Sheet
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Trend analysis of CoinSmart Financial balance sheet accounts such as Net Receivables of 119 K, Other Current Assets of 73.5 M, Total Current Assets of 33.4 M or Common Stock of 24.4 M provides information on CoinSmart Financial's total assets, liabilities, and equity, which is the actual value of CoinSmart Financial to its prevalent stockholders. By breaking down trends over time using CoinSmart Financial 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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About CoinSmart Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of CoinSmart Financial at a specified time, usually calculated after every quarter, six months, or one year. CoinSmart Financial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CoinSmart Financial 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 CoinSmart currently owns. An asset can also be divided into two categories, current and non-current.
CoinSmart Financial Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on CoinSmart Financial balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of CoinSmart Financial 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.Capital Lease Obligations
CoinSmart Financial capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to CoinSmart Financial asset purchases. For example, CoinSmart Financial can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as CoinSmart Financial control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Most accounts from CoinSmart Financial's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into CoinSmart Financial 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 CoinSmart Financial. 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 present, CoinSmart Financial's Common Stock is projected to increase significantly based on the last few years of reporting. The current year's Property Plant Equipment is expected to grow to about 546.6 K, whereas Total Current Liabilities is forecasted to decline to about 27.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Current Liabilities | 64.0M | 44.9M | 51.7M | 27.1M | Other Current Liabilities | 60.5M | 42.5M | 48.8M | 24.9M |
CoinSmart Financial balance sheet Correlations
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CoinSmart Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CoinSmart Financial balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 1.0M | 9.0M | 60.5M | 42.5M | 48.8M | 24.9M | |
Total Current Liabilities | 1.4M | 12.3M | 64.0M | 44.9M | 51.7M | 27.1M | |
Net Tangible Assets | 559.5K | (333.6K) | 18.7M | 8.3M | 9.6M | 6.1M | |
Retained Earnings | (1.0M) | (493.1K) | (2.6M) | (13.5M) | (12.2M) | (11.6M) | |
Accounts Payable | 349.3K | 348.1K | 661.9K | 522.5K | 600.8K | 429.1K | |
Total Current Assets | 1.9M | 13.3M | 82.6M | 53.0M | 60.9M | 33.4M | |
Property Plant Equipment | 13.4K | 162.9K | 324.8K | 452.7K | 520.6K | 546.6K |
Pair Trading with CoinSmart Financial
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 CoinSmart Financial 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 CoinSmart Financial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CoinSmart Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CoinSmart Financial 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 CoinSmart Financial - 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 CoinSmart Financial to buy it.
The correlation of CoinSmart Financial 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 CoinSmart Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CoinSmart Financial 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 CoinSmart Financial 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 CoinSmart Stock
Balance Sheet is a snapshot of the financial position of CoinSmart Financial at a specified time, usually calculated after every quarter, six months, or one year. CoinSmart Financial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CoinSmart Financial 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 CoinSmart currently owns. An asset can also be divided into two categories, current and non-current.