Steppe Historical Balance Sheet

STGO Stock

CAD 0.63 0.01 1.61%

Trend analysis of Steppe Gold balance sheet accounts such as Net Tangible Assets of 14.7 M, Net Debt of 16.7 M, Accounts Payable of 12.3 M or Cash of 5 M provides information on Steppe Gold's total assets, liabilities, and equity, which is the actual value of Steppe Gold to its prevalent stockholders. By breaking down trends over time using Steppe Gold 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.

Cash Flow Balance Sheet Income Statement

Covid

Financial Statement Analysis is much more than just reviewing and examining Steppe Gold 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 Steppe Gold is a good buy for the upcoming year.

Steppe Gold Inventory

33.89 Million

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steppe Gold. 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 Steppe Balance Sheet Analysis

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

Steppe Gold Balance Sheet Chart

At this time, Steppe Gold's Long Term Debt Total is very stable compared to the past year. As of the 11th of December 2024, Non Current Liabilities Total is likely to grow to about 26.3 M, while Total Assets are likely to drop about 72.4 M.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity Net Debt Cash

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Total Assets

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

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash

Cash refers to the most liquid asset of Steppe Gold, which is listed under current asset account on Steppe Gold balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Steppe Gold customers. The amounts must be unrestricted with restricted cash listed in a different Steppe Gold account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most accounts from Steppe Gold's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Steppe Gold 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 Steppe Gold. 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)
Other Current Liabilities	24.4M	20.3M	12.2M	12.2M
Total Assets	146.3M	72.7M	98.3M	72.4M

Other Current Liab Total Assets

Steppe Gold balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Other Assets	Net Invested Capital
Total Assets		0.89	0.94	0.65	0.56	0.79	-0.96	0.76	0.56	0.56	0.76	0.91	0.97	0.94	0.81	0.56	0.91	0.95	0.82	0.92	0.78	-0.64	0.9	0.34	0.24	0.91
Other Current Liab	0.89		0.92	0.49	0.42	0.67	-0.93	0.75	0.32	0.35	0.73	0.82	0.87	0.82	0.77	0.4	0.87	0.89	0.7	0.81	0.63	-0.6	0.87	0.36	0.16	0.78
Total Current Liabilities	0.94	0.92		0.41	0.32	0.89	-0.95	0.68	0.28	0.31	0.88	0.79	0.89	0.95	0.75	0.41	0.8	0.99	0.69	0.78	0.86	-0.47	0.79	0.23	0.44	0.83
Total Stockholder Equity	0.65	0.49	0.41		0.7	0.21	-0.62	0.82	0.75	0.71	0.06	0.86	0.71	0.44	0.8	0.86	0.74	0.43	0.92	0.8	0.25	-0.67	0.74	0.28	-0.42	0.62
Net Tangible Assets	0.56	0.42	0.32	0.7		0.01	-0.45	0.34	0.95	0.96	0.25	0.62	0.48	0.44	0.33	0.27	0.67	0.38	0.54	0.57	0.08	-0.77	0.66	0.44	-0.23	0.72
Net Debt	0.79	0.67	0.89	0.21	0.01		-0.76	0.49	0.05	0.08	0.81	0.56	0.73	0.86	0.6	0.4	0.5	0.89	0.53	0.58	0.99	-0.16	0.5	0.0	0.68	0.67
Retained Earnings	-0.96	-0.93	-0.95	-0.62	-0.45	-0.76		-0.84	-0.43	-0.43	-0.75	-0.92	-0.96	-0.9	-0.87	-0.56	-0.92	-0.94	-0.83	-0.9	-0.73	0.62	-0.9	-0.33	-0.17	-0.83
Accounts Payable	0.76	0.75	0.68	0.82	0.34	0.49	-0.84		0.37	0.34	0.32	0.92	0.86	0.59	0.99	0.84	0.81	0.65	0.94	0.87	0.47	-0.54	0.8	0.22	-0.24	0.58
Cash	0.56	0.32	0.28	0.75	0.95	0.05	-0.43	0.37		0.99	0.22	0.64	0.52	0.42	0.37	0.37	0.64	0.35	0.59	0.63	0.13	-0.66	0.6	0.3	-0.22	0.71
Cash And Short Term Investments	0.56	0.35	0.31	0.71	0.96	0.08	-0.43	0.34	0.99		0.27	0.63	0.5	0.43	0.34	0.32	0.62	0.37	0.57	0.61	0.16	-0.62	0.57	0.24	-0.14	0.75
Net Receivables	0.76	0.73	0.88	0.06	0.25	0.81	-0.75	0.32	0.22	0.27		0.52	0.65	0.85	0.4	0.0	0.57	0.88	0.35	0.53	0.79	-0.23	0.52	0.05	0.69	0.76
Common Stock Total Equity	0.91	0.82	0.79	0.86	0.62	0.56	-0.92	0.92	0.64	0.63	0.52		0.94	0.76	0.93	0.75	0.93	0.79	0.97	0.96	0.57	-0.67	0.9	0.28	-0.09	0.83
Common Stock Shares Outstanding	0.97	0.87	0.89	0.71	0.48	0.73	-0.96	0.86	0.52	0.5	0.65	0.94		0.85	0.89	0.65	0.93	0.88	0.88	0.97	0.71	-0.62	0.91	0.31	0.08	0.81
Non Current Liabilities Total	0.94	0.82	0.95	0.44	0.44	0.86	-0.9	0.59	0.42	0.43	0.85	0.76	0.85		0.66	0.4	0.79	0.98	0.66	0.74	0.84	-0.57	0.78	0.35	0.44	0.86
Inventory	0.81	0.77	0.75	0.8	0.33	0.6	-0.87	0.99	0.37	0.34	0.4	0.93	0.89	0.66		0.86	0.8	0.72	0.96	0.88	0.59	-0.49	0.79	0.15	-0.1	0.65
Other Current Assets	0.56	0.4	0.41	0.86	0.27	0.4	-0.56	0.84	0.37	0.32	0.0	0.75	0.65	0.4	0.86		0.53	0.41	0.89	0.68	0.42	-0.39	0.55	0.08	-0.26	0.43
Other Stockholder Equity	0.91	0.87	0.8	0.74	0.67	0.5	-0.92	0.81	0.64	0.62	0.57	0.93	0.93	0.79	0.8	0.53		0.8	0.82	0.93	0.48	-0.82	0.98	0.55	-0.13	0.8
Total Liab	0.95	0.89	0.99	0.43	0.38	0.89	-0.94	0.65	0.35	0.37	0.88	0.79	0.88	0.98	0.72	0.41	0.8		0.68	0.77	0.86	-0.52	0.8	0.29	0.45	0.86
Total Current Assets	0.82	0.7	0.69	0.92	0.54	0.53	-0.83	0.94	0.59	0.57	0.35	0.97	0.88	0.66	0.96	0.89	0.82	0.68		0.91	0.55	-0.58	0.81	0.18	-0.15	0.74
Common Stock	0.92	0.81	0.78	0.8	0.57	0.58	-0.9	0.87	0.63	0.61	0.53	0.96	0.97	0.74	0.88	0.68	0.93	0.77	0.91		0.59	-0.61	0.89	0.26	-0.06	0.79
Short Long Term Debt Total	0.78	0.63	0.86	0.25	0.08	0.99	-0.73	0.47	0.13	0.16	0.79	0.57	0.71	0.84	0.59	0.42	0.48	0.86	0.55	0.59		-0.14	0.48	-0.07	0.71	0.72
Other Liab	-0.64	-0.6	-0.47	-0.67	-0.77	-0.16	0.62	-0.54	-0.66	-0.62	-0.23	-0.67	-0.62	-0.57	-0.49	-0.39	-0.82	-0.52	-0.58	-0.61	-0.14		-0.88	-0.87	0.36	-0.59
Property Plant And Equipment Net	0.9	0.87	0.79	0.74	0.66	0.5	-0.9	0.8	0.6	0.57	0.52	0.9	0.91	0.78	0.79	0.55	0.98	0.8	0.81	0.89	0.48	-0.88		0.63	-0.14	0.78
Current Deferred Revenue	0.34	0.36	0.23	0.28	0.44	0.0	-0.33	0.22	0.3	0.24	0.05	0.28	0.31	0.35	0.15	0.08	0.55	0.29	0.18	0.26	-0.07	-0.87	0.63		-0.37	0.21
Other Assets	0.24	0.16	0.44	-0.42	-0.23	0.68	-0.17	-0.24	-0.22	-0.14	0.69	-0.09	0.08	0.44	-0.1	-0.26	-0.13	0.45	-0.15	-0.06	0.71	0.36	-0.14	-0.37		0.34
Net Invested Capital	0.91	0.78	0.83	0.62	0.72	0.67	-0.83	0.58	0.71	0.75	0.76	0.83	0.81	0.86	0.65	0.43	0.8	0.86	0.74	0.79	0.72	-0.59	0.78	0.21	0.34

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Steppe Gold Account Relationship Matchups

Steppe Gold balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	53.4M	86.0M	146.3M	72.7M	98.3M	72.4M
Other Current Liab	18.3M	12.5M	24.4M	20.3M	12.2M	12.2M
Total Current Liabilities	22.3M	20.2M	72.9M	35.1M	27.3M	26.2M
Total Stockholder Equity	11.2M	41.5M	7.3M	17.7M	48.6M	51.0M
Net Tangible Assets	16.7M	11.2M	41.5M	7.3M	8.4M	14.7M
Net Debt	4.1M	(2.0M)	78.9M	7.0M	30.0M	16.7M
Retained Earnings	(23.4M)	(27.4M)	(63.1M)	(47.2M)	(38.3M)	(40.2M)
Accounts Payable	3.7M	3.4M	6.1M	10.2M	11.7M	12.3M
Cash	671.4K	15.1M	2.6M	2.5M	6.0M	5.0M
Non Current Assets Total	43.3M	52.6M	114.0M	43.1M	44.3M	48.6M
Non Currrent Assets Other	2.0M	14.4M	71.1M	1.6M	3.0M	2.9M
Long Term Debt	4.2M	9.3M	39.0M	4.4M	5.1M	4.8M
Cash And Short Term Investments	671.4K	20.1M	4.1M	2.9M	6.0M	6.0M
Net Receivables	148.5K	690K	2.3M	958K	41K	39.0K
Common Stock Total Equity	8.1M	20.4M	22.5M	54.1M	62.2M	65.3M
Common Stock Shares Outstanding	41.8M	56.0M	93.0M	69.8M	94.6M	57.9M
Long Term Debt Total	4.4M	9.3M	39.5M	4.8M	5.6M	9.7M
Liabilities And Stockholders Equity	53.4M	86.0M	146.3M	72.7M	98.3M	72.4M
Non Current Liabilities Total	20.0M	24.5M	66.3M	20.3M	23.0M	26.3M
Inventory	8.4M	9.9M	22.4M	24.2M	32.3M	33.9M
Other Current Assets	999.1K	2.7M	3.5M	1.6M	15.6M	16.4M
Other Stockholder Equity	17.4M	22.2M	22.9M	25.2M	23.1M	17.9M
Total Liab	42.4M	44.7M	139.3M	55.4M	50.3M	52.5M
Total Current Assets	10.2M	33.4M	32.3M	29.6M	54.0M	56.7M
Accumulated Other Comprehensive Income	(5.4M)	(7.3M)	(7.8M)	(16.1M)	(15.7M)	(14.9M)
Short Term Debt	399.0K	3.8M	42.0M	4.7M	15.1M	10.3M
Common Stock	22.5M	54.1M	55.3M	55.8M	79.6M	40.7M
Property Plant Equipment	41.3M	37.8M	36.0M	39.3M	45.2M	29.4M
Short Long Term Debt Total	4.8M	13.1M	81.5M	9.5M	36.1M	24.8M
Other Liab	320.5K	271.0K	1.1M	3.2M	2.9M	1.6M
Property Plant And Equipment Net	41.3M	37.8M	42.0M	39.3M	41.0M	36.8M
Other Assets	2.0M	14.8M	78.0M	2.2M	2.5M	2.4M
Net Invested Capital	20.9M	56.6M	59.8M	26.7M	30.7M	36.1M
Property Plant And Equipment Gross	43.3M	39.7M	53.3M	51.8M	59.6M	41.2M
Short Long Term Debt	5.5M	5.8M	13.5M	4.5M	5.2M	7.1M
Non Current Liabilities Other	15.4M	14.1M	23.6M	12.1M	13.9M	17.1M
Net Working Capital	(12.2M)	13.2M	(40.7M)	(5.5M)	(5.0M)	(5.2M)
Capital Surpluse	3.8M	10.1M	11.7M	19.6M	22.5M	23.6M
Capital Stock	22.5M	54.1M	55.3M	55.8M	64.1M	45.8M

Pair Trading with Steppe Gold

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 Steppe Gold 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 Steppe Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Steppe Stock

0.63	AG	First Majestic Silver	Pair Corr
0.74	ORE	Orezone Gold Corp	Pair Corr

Moving against Steppe Stock

0.68	WCN	Waste Connections	Pair Corr
0.57	CSU	Constellation Software	Pair Corr
0.52	FFH	Fairfax Financial	Pair Corr

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

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

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Steppe Historical Balance Sheet

Steppe Gold Inventory

33.89 Million

About Steppe Balance Sheet Analysis

Steppe Gold Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Net Debt

Cash

Steppe Gold balance sheet Correlations

Steppe Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Steppe Gold balance sheet Accounts

Pair Trading with Steppe Gold

Moving together with Steppe Stock

Moving against Steppe Stock

Other Information on Investing in Steppe Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Short Long Term Debt Total	+ 0.99	Net Debt
Inventory	+ 0.99	Accounts Payable
Cash And Short Term Investments	+ 0.99	Cash
Total Liab	+ 0.98	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.98	Other Stockholder Equity

Common Stock Shares Outstanding	- 0.96	Retained Earnings
Retained Earnings	- 0.96	Total Assets
Retained Earnings	- 0.95	Total Current Liabilities
Total Liab	- 0.94	Retained Earnings
Retained Earnings	- 0.93	Other Current Liab
Other Stockholder Equity	- 0.92	Retained Earnings