Advantage Historical Balance Sheet

AAV Stock

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Trend analysis of Advantage Oil Gas balance sheet accounts such as Short Long Term Debt Total of 268.3 M, Other Current Liabilities of 27.4 M or Total Current Liabilities of 239.7 M provides information on Advantage Oil's total assets, liabilities, and equity, which is the actual value of Advantage Oil Gas to its prevalent stockholders. By breaking down trends over time using Advantage Oil 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

Black Monday

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Advantage Oil Gas 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 Advantage Oil Gas is a good buy for the upcoming year.

Advantage Oil Inventory

0.86

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advantage Oil Gas. 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 Advantage Balance Sheet Analysis

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

Advantage Oil Balance Sheet Chart

At this time, Advantage Oil's Total Liabilities is very stable compared to the past year. As of the 26th of March 2025, Property Plant And Equipment Gross is likely to grow to about 4.5 B, while Total Assets are likely to drop about 1.9 B.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Capital Lease Obligations

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Total Assets

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

Advantage Oil Gas capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Advantage Oil asset purchases. For example, Advantage Oil can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Advantage Oil 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 Advantage Oil's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Advantage Oil Gas 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Advantage Oil Gas. 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.

	2022	2023	2024	2025 (projected)
Short and Long Term Debt Total	194.6M	354.0M	318.6M	268.3M
Total Assets	2.2B	2.3B	2.9B	1.9B

Short Long Term Debt Total Total Assets

Advantage Oil balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Current Assets	Accounts Payable	Good Will	Common Stock Total Equity
Total Assets		0.23	0.53	0.66	0.64	0.19	0.09	0.8	0.58	0.7	0.11	0.54	0.61	-0.5	0.44	0.58	0.61	0.81	0.41	0.61	-0.34	0.54	0.48	0.59	-0.36	-0.11
Short Long Term Debt Total	0.23		-0.21	-0.03	-0.08	0.3	0.62	-0.05	-0.17	0.35	0.08	-0.11	-0.14	-0.04	0.43	-0.24	-0.09	0.24	0.17	-0.08	0.36	-0.14	0.13	-0.02	0.18	0.12
Other Current Liab	0.53	-0.21		0.94	0.04	-0.62	-0.69	0.84	0.98	-0.18	0.21	0.98	0.97	-0.84	-0.32	0.93	0.89	0.57	-0.37	0.97	-0.16	0.98	0.83	0.91	-0.93	-0.84
Total Current Liabilities	0.66	-0.03	0.94		0.01	-0.38	-0.46	0.89	0.94	-0.04	0.17	0.95	0.96	-0.93	-0.03	0.88	0.92	0.79	-0.16	0.97	-0.16	0.94	0.83	0.92	-0.88	-0.72
Total Stockholder Equity	0.64	-0.08	0.04	0.01		0.28	0.13	0.34	0.08	0.8	0.12	0.0	0.07	0.2	0.22	0.18	0.05	0.15	0.47	0.02	-0.52	0.02	-0.07	0.0	0.16	0.32
Property Plant And Equipment Net	0.19	0.3	-0.62	-0.38	0.28		0.77	-0.17	-0.54	0.57	-0.17	-0.58	-0.47	0.3	0.91	-0.49	-0.29	0.25	0.92	-0.43	-0.2	-0.6	-0.47	-0.5	0.58	0.82
Net Debt	0.09	0.62	-0.69	-0.46	0.13	0.77		-0.41	-0.66	0.59	-0.19	-0.65	-0.62	0.43	0.7	-0.65	-0.52	0.04	0.57	-0.57	0.15	-0.66	-0.4	-0.57	0.75	0.81
Retained Earnings	0.8	-0.05	0.84	0.89	0.34	-0.17	-0.41		0.9	0.18	0.18	0.86	0.92	-0.84	0.13	0.89	0.94	0.82	0.12	0.91	-0.4	0.86	0.66	0.81	-0.81	-0.55
Cash	0.58	-0.17	0.98	0.94	0.08	-0.54	-0.66	0.9		-0.13	0.25	0.99	1.0	-0.88	-0.22	0.97	0.94	0.64	-0.29	0.97	-0.24	0.99	0.76	0.91	-0.95	-0.81
Non Current Assets Total	0.7	0.35	-0.18	-0.04	0.8	0.57	0.59	0.18	-0.13		-0.02	-0.17	-0.1	0.22	0.58	-0.09	-0.11	0.31	0.63	-0.13	-0.22	-0.17	-0.14	-0.05	0.39	0.52
Non Currrent Assets Other	0.11	0.08	0.21	0.17	0.12	-0.17	-0.19	0.18	0.25	-0.02		0.22	0.23	-0.14	-0.15	0.3	0.21	0.06	-0.19	0.2	-0.29	0.25	0.09	0.18	-0.24	-0.2
Cash And Short Term Investments	0.54	-0.11	0.98	0.95	0.0	-0.58	-0.65	0.86	0.99	-0.17	0.22		0.98	-0.89	-0.26	0.92	0.91	0.62	-0.35	0.97	-0.12	0.99	0.79	0.94	-0.95	-0.86
Net Receivables	0.61	-0.14	0.97	0.96	0.07	-0.47	-0.62	0.92	1.0	-0.1	0.23	0.98		-0.91	-0.14	0.96	0.96	0.7	-0.22	0.98	-0.25	0.99	0.76	0.91	-0.95	-0.78
Common Stock Shares Outstanding	-0.5	-0.04	-0.84	-0.93	0.2	0.3	0.43	-0.84	-0.88	0.22	-0.14	-0.89	-0.91		-0.05	-0.82	-0.94	-0.79	0.13	-0.93	0.1	-0.88	-0.73	-0.83	0.9	0.72
Non Current Liabilities Total	0.44	0.43	-0.32	-0.03	0.22	0.91	0.7	0.13	-0.22	0.58	-0.15	-0.26	-0.14	-0.05		-0.2	0.04	0.59	0.89	-0.09	-0.21	-0.28	-0.17	-0.2	0.28	0.59
Inventory	0.58	-0.24	0.93	0.88	0.18	-0.49	-0.65	0.89	0.97	-0.09	0.3	0.92	0.96	-0.82	-0.2		0.93	0.61	-0.24	0.93	-0.4	0.96	0.68	0.82	-0.91	-0.71
Other Stockholder Equity	0.61	-0.09	0.89	0.92	0.05	-0.29	-0.52	0.94	0.94	-0.11	0.21	0.91	0.96	-0.94	0.04	0.93		0.79	-0.04	0.96	-0.36	0.92	0.7	0.81	-0.92	-0.67
Total Liab	0.81	0.24	0.57	0.79	0.15	0.25	0.04	0.82	0.64	0.31	0.06	0.62	0.7	-0.79	0.59	0.61	0.79		0.42	0.74	-0.28	0.6	0.55	0.62	-0.56	-0.23
Property Plant And Equipment Gross	0.41	0.17	-0.37	-0.16	0.47	0.92	0.57	0.12	-0.29	0.63	-0.19	-0.35	-0.22	0.13	0.89	-0.24	-0.04	0.42		-0.19	-0.4	-0.37	-0.3	-0.3	0.37	0.67
Total Current Assets	0.61	-0.08	0.97	0.97	0.02	-0.43	-0.57	0.91	0.97	-0.13	0.2	0.97	0.98	-0.93	-0.09	0.93	0.96	0.74	-0.19		-0.2	0.96	0.85	0.89	-0.94	-0.77
Short Term Debt	-0.34	0.36	-0.16	-0.16	-0.52	-0.2	0.15	-0.4	-0.24	-0.22	-0.29	-0.12	-0.25	0.1	-0.21	-0.4	-0.36	-0.28	-0.4	-0.2		-0.18	0.08	0.0	0.16	-0.17
Intangible Assets	0.54	-0.14	0.98	0.94	0.02	-0.6	-0.66	0.86	0.99	-0.17	0.25	0.99	0.99	-0.88	-0.28	0.96	0.92	0.6	-0.37	0.96	-0.18		0.77	0.91	-0.95	-0.84
Other Current Assets	0.48	0.13	0.83	0.83	-0.07	-0.47	-0.4	0.66	0.76	-0.14	0.09	0.79	0.76	-0.73	-0.17	0.68	0.7	0.55	-0.3	0.85	0.08	0.77		0.73	-0.73	-0.7
Accounts Payable	0.59	-0.02	0.91	0.92	0.0	-0.5	-0.57	0.81	0.91	-0.05	0.18	0.94	0.91	-0.83	-0.2	0.82	0.81	0.62	-0.3	0.89	0.0	0.91	0.73		-0.87	-0.83
Good Will	-0.36	0.18	-0.93	-0.88	0.16	0.58	0.75	-0.81	-0.95	0.39	-0.24	-0.95	-0.95	0.9	0.28	-0.91	-0.92	-0.56	0.37	-0.94	0.16	-0.95	-0.73	-0.87		0.89
Common Stock Total Equity	-0.11	0.12	-0.84	-0.72	0.32	0.82	0.81	-0.55	-0.81	0.52	-0.2	-0.86	-0.78	0.72	0.59	-0.71	-0.67	-0.23	0.67	-0.77	-0.17	-0.84	-0.7	-0.83	0.89

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Advantage Oil Account Relationship Matchups

Advantage Oil balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.5B	2.0B	2.2B	2.3B	2.9B	1.9B
Short Long Term Debt Total	249.4M	169.2M	194.6M	354.0M	318.6M	268.3M
Other Current Liab	16.4M	95.4M	107.8M	20.5M	28.9M	27.4M
Total Current Liabilities	57.0M	95.4M	107.8M	96.4M	250.5M	239.7M
Total Stockholder Equity	1.0B	1.5B	1.6B	1.6B	1.6B	1.0B
Property Plant And Equipment Net	1.5B	1.9B	1.9B	2.1B	2.7B	2.8B
Net Debt	246.1M	142.1M	144.0M	334.7M	677.9M	345.6M
Retained Earnings	(1.4B)	(1.0B)	(684.6M)	(583.0M)	(561.3M)	(589.3M)
Cash	3.3M	25.2M	48.9M	19.3M	20.1M	31.5M
Non Current Assets Total	1.5B	1.9B	2.0B	2.2B	2.8B	1.5B
Non Currrent Assets Other	4.1M	57.7M	94.0M	84.0M	3.5M	3.4M
Cash And Short Term Investments	3.3M	25.2M	48.9M	19.3M	17.3M	32.5M
Net Receivables	28.5M	54.8M	92.8M	53.4M	79.6M	118.6M
Common Stock Shares Outstanding	186.7M	187.8M	198.6M	171.8M	166.9M	106.7M
Liabilities And Stockholders Equity	1.5B	2.0B	2.2B	2.3B	2.1B	1.4B
Non Current Liabilities Total	436.5M	439.5M	544.5M	646.2M	1.1B	1.1B
Other Stockholder Equity	114.3M	110.3M	142.8M	187.0M	168.3M	317.6M
Total Liab	493.5M	534.9M	652.3M	742.6M	1.3B	1.4B
Property Plant And Equipment Gross	1.5B	3.0B	3.2B	3.5B	4.3B	4.5B
Total Current Assets	40.7M	83.8M	178.7M	120.5M	163.7M	319.4M
Short Term Debt	3.6M	4.1M	4.7M	5.3M	6.1M	5.8M
Other Current Assets	8.9M	3.8M	37.0M	47.8M	43.0M	37.6M
Accounts Payable	37.0M	76.6M	78.3M	70.6M	63.5M	60.4M
Common Stock	2.4B	2.4B	2.1B	2.0B	2.2B	2.4B
Other Liab	139.8M	187.4M	180.5M	259.4M	298.3M	151.4M
Net Tangible Assets	1.3B	1.0B	1.5B	1.6B	1.8B	1.4B
Other Assets	0.0	28.9M	57.7M	94.0M	108.1M	113.5M
Long Term Debt	247.1M	167.3M	192.9M	259.1M	593.0M	622.7M
Property Plant Equipment	1.8B	1.5B	1.9B	1.9B	2.2B	1.8B
Long Term Debt Total	297.9M	249.1M	169.2M	194.6M	223.8M	242.6M

Pair Trading with Advantage Oil

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 Advantage Oil 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 Advantage Oil will appreciate offsetting losses from the drop in the long position's value.

Moving against Advantage Stock

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Pair Corr

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

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

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Advantage Historical Balance Sheet

Advantage Oil Inventory

0.86

About Advantage Balance Sheet Analysis

Advantage Oil Balance Sheet Chart

Total Assets

Total Current Liabilities

Capital Lease Obligations

Advantage Oil balance sheet Correlations

Advantage Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Advantage Oil balance sheet Accounts

Pair Trading with Advantage Oil

Moving against Advantage Stock

Other Information on Investing in Advantage Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Receivables	+ 1.0	Cash
Cash And Short Term Investments	+ 0.99	Cash
Intangible Assets	+ 0.99	Cash
Intangible Assets	+ 0.99	Cash And Short Term Investments
Intangible Assets	+ 0.99	Net Receivables
Cash	+ 0.98	Other Current Liab

Good Will	- 0.95	Intangible Assets
Good Will	- 0.95	Net Receivables
Good Will	- 0.95	Cash And Short Term Investments
Good Will	- 0.95	Cash
Good Will	- 0.94	Total Current Assets
Other Stockholder Equity	- 0.94	Common Stock Shares Outstanding