Canagold Historical Balance Sheet

CCM Stock

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Trend analysis of Canagold Resources balance sheet accounts such as Other Current Liab of 67.74, Total Current Liabilities of 591.8 K or Total Stockholder Equity of 19.2 M provides information on Canagold Resources' total assets, liabilities, and equity, which is the actual value of Canagold Resources to its prevalent stockholders. By breaking down trends over time using Canagold Resources 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

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

Canagold Resources Inventory

(1,115.73)

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

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

Canagold Resources Balance Sheet Chart

At this time, Canagold Resources' Non Current Liabilities Total is very stable compared to the past year. As of the 24th of March 2025, Other Current Assets is likely to grow to about 1.1 M, while Total Assets are likely to drop about 20 M.

Total Assets Total Current Liabilities Total Stockholder Equity Property Plant And Equipment Net Short Long Term Debt

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Total Assets

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

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Most accounts from Canagold Resources' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Canagold Resources 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 Canagold Resources. 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)
Total Stockholder Equity	29.5M	30.7M	35.3M	19.2M
Total Current Liabilities	1.4M	714K	821.1K	591.8K

Total Stockholder Equity Total Current Liabilities

Canagold Resources balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Short Long Term Debt Total	Common Stock	Inventory
Total Assets		-0.28	0.11	1.0	0.95	-0.39	-0.02	0.59	0.46	0.95	-0.01	0.57	0.77	0.67	0.56	0.68	0.47	-0.26	0.61	0.95	0.65	0.02	0.52	0.6	0.86	0.05
Other Current Liab	-0.28		0.67	-0.33	-0.16	0.39	-0.76	-0.55	-0.38	-0.16	-0.07	-0.48	-0.04	-0.08	-0.42	-0.1	-0.35	-0.15	0.15	-0.16	-0.46	-0.73	-0.23	-0.48	0.06	0.11
Total Current Liabilities	0.11	0.67		0.04	0.32	0.57	-0.4	-0.06	-0.54	0.32	-0.39	-0.51	0.35	0.12	0.08	0.26	-0.21	0.06	0.56	0.32	-0.43	-0.57	0.03	0.19	0.25	0.4
Total Stockholder Equity	1.0	-0.33	0.04		0.93	-0.44	0.03	0.59	0.51	0.92	0.02	0.62	0.74	0.65	0.56	0.64	0.48	-0.26	0.55	0.92	0.69	0.07	0.5	0.58	0.83	0.02
Property Plant And Equipment Net	0.95	-0.16	0.32	0.93		-0.08	-0.11	0.63	0.15	1.0	-0.07	0.29	0.81	0.7	0.52	0.74	0.4	-0.19	0.73	1.0	0.39	-0.16	0.58	0.64	0.87	0.28
Net Debt	-0.39	0.39	0.57	-0.44	-0.08		-0.21	-0.04	-0.99	-0.08	-0.18	-0.95	-0.12	-0.12	-0.24	-0.03	-0.34	0.32	0.17	-0.08	-0.91	-0.47	0.02	-0.03	-0.2	0.65
Retained Earnings	-0.02	-0.76	-0.4	0.03	-0.11	-0.21		0.03	0.2	-0.11	-0.03	0.19	-0.33	-0.48	0.13	-0.35	-0.19	0.45	-0.44	-0.11	0.14	0.87	-0.35	0.39	-0.47	-0.09
Accounts Payable	0.59	-0.55	-0.06	0.59	0.63	-0.04	0.03		0.05	0.64	-0.12	0.3	0.72	0.79	0.74	0.8	0.79	-0.09	0.66	0.63	0.39	0.02	0.91	0.63	0.58	0.14
Cash	0.46	-0.38	-0.54	0.51	0.15	-0.99	0.2	0.05		0.15	0.17	0.95	0.14	0.13	0.24	0.05	0.34	-0.33	-0.14	0.15	0.91	0.45	-0.01	0.07	0.27	-0.64
Non Current Assets Total	0.95	-0.16	0.32	0.92	1.0	-0.08	-0.11	0.64	0.15		-0.07	0.29	0.81	0.7	0.52	0.74	0.4	-0.18	0.73	1.0	0.39	-0.16	0.58	0.64	0.87	0.28
Non Currrent Assets Other	-0.01	-0.07	-0.39	0.02	-0.07	-0.18	-0.03	-0.12	0.17	-0.07		0.16	-0.11	0.01	-0.12	-0.08	-0.14	-0.24	-0.2	-0.07	0.13	0.3	-0.06	-0.2	0.0	0.14
Cash And Short Term Investments	0.57	-0.48	-0.51	0.62	0.29	-0.95	0.19	0.3	0.95	0.29	0.16		0.36	0.37	0.46	0.27	0.52	-0.35	0.07	0.29	0.99	0.42	0.24	0.18	0.39	-0.54
Net Receivables	0.77	-0.04	0.35	0.74	0.81	-0.12	-0.33	0.72	0.14	0.81	-0.11	0.36		0.9	0.6	0.96	0.63	-0.28	0.94	0.81	0.48	-0.3	0.78	0.58	0.84	0.16
Common Stock Shares Outstanding	0.67	-0.08	0.12	0.65	0.7	-0.12	-0.48	0.79	0.13	0.7	0.01	0.37	0.9		0.59	0.92	0.79	-0.44	0.83	0.7	0.47	-0.38	0.93	0.32	0.86	0.1
Short Term Investments	0.56	-0.42	0.08	0.56	0.52	-0.24	0.13	0.74	0.24	0.52	-0.12	0.46	0.6	0.59		0.56	0.59	-0.21	0.51	0.52	0.52	0.13	0.63	0.48	0.48	0.05
Non Current Liabilities Total	0.68	-0.1	0.26	0.64	0.74	-0.03	-0.35	0.8	0.05	0.74	-0.08	0.27	0.96	0.92	0.56		0.7	-0.27	0.94	0.74	0.39	-0.32	0.87	0.6	0.8	0.18
Other Current Assets	0.47	-0.35	-0.21	0.48	0.4	-0.34	-0.19	0.79	0.34	0.4	-0.14	0.52	0.63	0.79	0.59	0.7		-0.26	0.53	0.4	0.58	-0.02	0.85	0.33	0.58	-0.41
Other Stockholder Equity	-0.26	-0.15	0.06	-0.26	-0.19	0.32	0.45	-0.09	-0.33	-0.18	-0.24	-0.35	-0.28	-0.44	-0.21	-0.27	-0.26		-0.23	-0.19	-0.37	0.21	-0.25	0.19	-0.48	0.12
Total Liab	0.61	0.15	0.56	0.55	0.73	0.17	-0.44	0.66	-0.14	0.73	-0.2	0.07	0.94	0.83	0.51	0.94	0.53	-0.23		0.73	0.19	-0.47	0.75	0.56	0.76	0.3
Property Plant And Equipment Gross	0.95	-0.16	0.32	0.92	1.0	-0.08	-0.11	0.63	0.15	1.0	-0.07	0.29	0.81	0.7	0.52	0.74	0.4	-0.19	0.73		0.39	-0.16	0.58	0.63	0.87	0.28
Total Current Assets	0.65	-0.46	-0.43	0.69	0.39	-0.91	0.14	0.39	0.91	0.39	0.13	0.99	0.48	0.47	0.52	0.39	0.58	-0.37	0.19	0.39		0.35	0.33	0.26	0.48	-0.48
Short Term Debt	0.02	-0.73	-0.57	0.07	-0.16	-0.47	0.87	0.02	0.45	-0.16	0.3	0.42	-0.3	-0.38	0.13	-0.32	-0.02	0.21	-0.47	-0.16	0.35		-0.3	0.29	-0.39	-0.36
Current Deferred Revenue	0.52	-0.23	0.03	0.5	0.58	0.02	-0.35	0.91	-0.01	0.58	-0.06	0.24	0.78	0.93	0.63	0.87	0.85	-0.25	0.75	0.58	0.33	-0.3		0.39	0.71	0.12
Short Long Term Debt Total	0.6	-0.48	0.19	0.58	0.64	-0.03	0.39	0.63	0.07	0.64	-0.2	0.18	0.58	0.32	0.48	0.6	0.33	0.19	0.56	0.63	0.26	0.29	0.39		0.37	0.17
Common Stock	0.86	0.06	0.25	0.83	0.87	-0.2	-0.47	0.58	0.27	0.87	0.0	0.39	0.84	0.86	0.48	0.8	0.58	-0.48	0.76	0.87	0.48	-0.39	0.71	0.37		0.09
Inventory	0.05	0.11	0.4	0.02	0.28	0.65	-0.09	0.14	-0.64	0.28	0.14	-0.54	0.16	0.1	0.05	0.18	-0.41	0.12	0.3	0.28	-0.48	-0.36	0.12	0.17	0.09

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Canagold Resources Account Relationship Matchups

Canagold Resources balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	23.6M	27.6M	32.6M	33.2M	38.2M	20.0M
Other Current Liab	358.7K	1.2M	1.4M	62.0	71.3	67.74
Total Current Liabilities	390K	1.2M	1.4M	714K	821.1K	591.8K
Total Stockholder Equity	23.1M	26.3M	29.5M	30.7M	35.3M	19.2M
Property Plant And Equipment Net	15.9M	23.8M	26.8M	28.0M	32.2M	17.4M
Net Debt	(6.1M)	(2.0M)	(3.6M)	(2.6M)	(2.3M)	(2.5M)
Retained Earnings	(49.3M)	(51.1M)	(52.8M)	(55.5M)	(50.0M)	(52.5M)
Accounts Payable	324.0	929.0	1.3K	652K	586.8K	616.1K
Cash	6.1M	2.0M	3.8M	2.8M	3.2M	1.7M
Non Current Assets Total	15.9M	23.8M	26.8M	28.0M	32.2M	17.5M
Cash And Short Term Investments	7.4M	3.3M	4.7M	4.3M	5.0M	5.2M
Net Receivables	297K	450K	1.1M	924K	1.1M	1.1M
Common Stock Shares Outstanding	56.5M	78.5M	89.4M	145.9M	167.7M	176.1M
Short Term Investments	1.3M	1.3M	855K	1.5M	1.8M	1.9M
Liabilities And Stockholders Equity	23.6M	27.6M	32.6M	33.2M	38.2M	20.0M
Other Current Assets	297.0	450.0	1.1K	924K	1.1M	1.1M
Other Stockholder Equity	821K	1.7M	815K	656K	590.4K	560.9K
Total Liab	526K	1.3M	3.1M	2.5M	2.9M	3.0M
Property Plant And Equipment Gross	15.9M	24.1M	26.9M	28.1M	32.3M	17.4M
Total Current Assets	7.7M	3.8M	5.8M	5.3M	6.1M	6.4M
Short Term Debt	36K	31K	21K	62K	55.8K	53.0K
Accumulated Other Comprehensive Income	(2.0M)	(2.0M)	(4.0M)	(3.2M)	(2.9M)	(2.7M)
Current Deferred Revenue	(324.0)	(929.0)	(1.3K)	651.3K	749.0K	786.4K
Short Long Term Debt Total	51K	21K	257K	215K	247.3K	141.5K
Common Stock	73.6M	77.8M	85.5M	88.8M	102.1M	74.9M
Inventory	(297.0)	(450.0)	(1.1K)	(924.0)	(1.1K)	(1.1K)
Net Tangible Assets	17.9M	23.1M	26.3M	29.5M	33.9M	20.5M
Property Plant Equipment	16.2M	15.9M	23.8M	26.8M	30.8M	17.3M
Other Liab	123K	116K	107K	1.5M	1.7M	1.8M
Net Invested Capital	23.1M	26.3M	29.5M	30.7M	35.3M	25.8M
Net Working Capital	7.3M	2.6M	4.4M	4.6M	5.2M	4.5M
Capital Stock	73.6M	77.8M	85.5M	88.8M	102.1M	84.2M
Capital Lease Obligations	51K	21K	257K	215K	247.3K	136.2K

Pair Trading with Canagold Resources

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 Canagold Resources 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 Canagold Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canagold Stock

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Pair Corr

Moving against Canagold Stock

0.78	MSFT	Microsoft Corp CDR	Pair Corr
0.69	GOOG	Alphabet CDR	Pair Corr
0.63	IE	Ivanhoe Energy	Pair Corr
0.57	AMZN	Amazon CDR	Pair Corr
0.46	AAPL	Apple Inc CDR	Pair Corr

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

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

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Canagold Historical Balance Sheet

Canagold Resources Inventory

(1,115.73)

About Canagold Balance Sheet Analysis

Canagold Resources Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Property Plant And Equipment Net

Short Long Term Debt

Canagold Resources balance sheet Correlations

Canagold Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canagold Resources balance sheet Accounts

Pair Trading with Canagold Resources

Moving together with Canagold Stock

Moving against Canagold Stock

Other Information on Investing in Canagold Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Total Current Assets	+ 0.99	Cash And Short Term Investments
Non Current Liabilities Total	+ 0.96	Net Receivables

Cash	- 0.99	Net Debt
Cash And Short Term Investments	- 0.95	Net Debt
Total Current Assets	- 0.91	Net Debt
Retained Earnings	- 0.76	Other Current Liab
Short Term Debt	- 0.73	Other Current Liab
Inventory	- 0.64	Cash