Wheaton Historical Balance Sheet
WPM Stock | CAD 87.12 0.28 0.32% |
Trend analysis of Wheaton Precious Metals balance sheet accounts such as Total Assets of 7.4 B, Total Current Liabilities of 40 M, Total Stockholder Equity of 7.3 B or Property Plant And Equipment Net of 3.5 B provides information on Wheaton Precious' total assets, liabilities, and equity, which is the actual value of Wheaton Precious Metals to its prevalent stockholders. By breaking down trends over time using Wheaton Precious 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 Wheaton Precious Metals 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 Wheaton Precious Metals is a good buy for the upcoming year.
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About Wheaton Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Wheaton Precious Metals at a specified time, usually calculated after every quarter, six months, or one year. Wheaton Precious Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Wheaton Precious 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 Wheaton currently owns. An asset can also be divided into two categories, current and non-current.
Wheaton Precious Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Wheaton Precious 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 Wheaton Precious Metals 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 Wheaton Precious balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Wheaton Precious Metals 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Wheaton Precious Metals balance sheet. This account contains Wheaton Precious investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Wheaton Precious Metals fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most accounts from Wheaton Precious' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Wheaton Precious Metals 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious Metals. 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, Wheaton Precious' Non Currrent Assets Other are very stable compared to the past year. As of the 29th of November 2024, Cash And Short Term Investments is likely to grow to about 573.9 M, while Property Plant And Equipment Net is likely to drop about 3.5 B.
2021 | 2022 | 2023 | 2024 (projected) | Total Current Liabilities | 29.7M | 30.7M | 26.1M | 40.0M | Total Assets | 6.3B | 6.8B | 7.0B | 7.4B |
Wheaton Precious balance sheet Correlations
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Wheaton Precious Account Relationship Matchups
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Wheaton Precious balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.3B | 6.0B | 6.3B | 6.8B | 7.0B | 7.4B | |
Total Current Liabilities | 64.7M | 31.2M | 29.7M | 30.7M | 26.1M | 40.0M | |
Total Stockholder Equity | 5.3B | 5.7B | 6.3B | 6.7B | 7.0B | 7.3B | |
Property Plant And Equipment Net | 5.8B | 5.5B | 6.0B | 5.8B | 6.1B | 3.5B | |
Net Debt | 774.8M | 6.0M | (223.2M) | (694.1M) | (540.3M) | (513.3M) | |
Accounts Payable | 11.8M | 13.0M | 13.9M | 12.6M | 13.5M | 14.2M | |
Cash | 104.0M | 192.7M | 226.0M | 696.1M | 546.5M | 573.9M | |
Non Current Assets Total | 6.1B | 5.8B | 6.0B | 6.0B | 6.5B | 6.8B | |
Non Currrent Assets Other | 4.5M | 5.0M | 6.9M | 18.1M | 66.4M | 76.0M | |
Cash And Short Term Investments | 104.0M | 192.7M | 226.0M | 696.1M | 546.5M | 573.9M | |
Net Receivables | 4.4M | 6.7M | 12.4M | 10.2M | 16.0M | 16.8M | |
Common Stock Shares Outstanding | 446.9M | 450.1M | 451.2M | 452.3M | 453.5M | 301.7M | |
Liabilities And Stockholders Equity | 6.3B | 6.0B | 6.3B | 6.8B | 7.0B | 7.4B | |
Non Current Liabilities Total | 887.4M | 211.5M | 16.3M | 11.5M | 19.6M | 18.6M | |
Inventory | 41.5M | 2.4M | 8.7M | 10.5M | 1.4M | 1.3M | |
Other Stockholder Equity | 160.7M | 126.9M | 47.0M | 8.1M | 7.3M | 7.0M | |
Total Liab | 952.1M | 242.7M | 46.0M | 42.2M | 45.7M | 43.4M | |
Property Plant And Equipment Gross | 5.7B | 5.5B | 8.9B | 8.3B | 8.9B | 9.4B | |
Total Current Assets | 154.8M | 201.8M | 249.7M | 720.1M | 567.4M | 595.8M | |
Accumulated Other Comprehensive Income | 160.7M | 126.9M | 47.0M | 66.5M | (40.1M) | (38.1M) | |
Intangible Assets | 4.9M | 3.0M | 2.7M | 2.3M | 6.4M | 6.7M | |
Short Long Term Debt Total | 878.8M | 198.6M | 2.9M | 2.0M | 6.2M | 5.9M | |
Other Current Liab | 41.5M | 76K | 14.8M | 14.6M | 12.0M | 17.9M | |
Short Term Debt | 724K | 773K | 813K | 818K | 604K | 573.8K | |
Retained Earnings | 1.6B | 1.9B | 2.5B | 2.9B | 3.2B | 3.4B | |
Other Current Assets | 43.1M | 2.5M | 2.6M | 3.3M | 3.5M | 4.5M | |
Other Assets | 65.6M | 54.8M | 64.4M | 72.5M | 83.4M | 42.5M | |
Common Stock Total Equity | 3.5B | 3.5B | 3.6B | 3.6B | 4.2B | 3.0B | |
Common Stock | 3.6B | 3.6B | 3.7B | 3.8B | 3.8B | 3.2B | |
Other Liab | 9.4M | 13.7M | 14.3M | 10.4M | 11.9M | 7.4M | |
Net Tangible Assets | 5.3B | 5.7B | 6.2B | 6.7B | 7.7B | 5.5B | |
Long Term Investments | 310.6M | 199.9M | 61.5M | 255.5M | 246.7M | 151.7M | |
Property Plant Equipment | 5.7B | 5.5B | 5.9B | 5.7B | 6.6B | 6.0B | |
Deferred Long Term Liab | 5.2M | 5.2M | 5.6M | 5.8M | 6.6M | 3.5M | |
Long Term Debt Total | 878.0M | 197.9M | 2.1M | 1.2M | 1.0M | 985.0K | |
Net Invested Capital | 6.2B | 5.9B | 6.3B | 6.7B | 7.0B | 6.9B | |
Cash And Equivalents | 104.0M | 192.7M | 226.0M | 696.1M | 800.5M | 840.5M |
Pair Trading with Wheaton Precious
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 Wheaton Precious 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 Wheaton Precious will appreciate offsetting losses from the drop in the long position's value.Moving together with Wheaton Stock
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The ability to find closely correlated positions to Wheaton Precious could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wheaton Precious 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 Wheaton Precious - 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 Wheaton Precious Metals to buy it.
The correlation of Wheaton Precious 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 Wheaton Precious moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wheaton Precious Metals 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 Wheaton Precious 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.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious Metals. 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. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.