Goodfood Historical Balance Sheet

FOOD Stock  CAD 0.45  0.01  2.27%   
Trend analysis of Goodfood Market Corp balance sheet accounts such as Other Current Liabilities of 1.09 or Total Current Liabilities of 101.8 K provides information on Goodfood Market's total assets, liabilities, and equity, which is the actual value of Goodfood Market Corp to its prevalent stockholders. By breaking down trends over time using Goodfood Market 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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Financial Statement Analysis is much more than just reviewing and examining Goodfood Market Corp 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 Goodfood Market Corp is a good buy for the upcoming year.

Goodfood Market Inventory

4.67 Million

  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Goodfood Market Corp. 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 Goodfood Balance Sheet Analysis

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

Goodfood Market Balance Sheet Chart

At this time, Goodfood Market's Inventory is very stable compared to the past year. As of the 30th of November 2024, Accumulated Other Comprehensive Income is likely to grow to about 6.5 M, while Total Assets are likely to drop about 153.3 K.

Total Assets

Total assets refers to the total amount of Goodfood Market 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 Goodfood Market Corp 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 Goodfood Market balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Goodfood Market Corp 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.
Most accounts from Goodfood Market's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Goodfood Market Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Goodfood Market Corp. 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, Goodfood Market's Inventory is very stable compared to the past year. As of the 30th of November 2024, Accumulated Other Comprehensive Income is likely to grow to about 6.5 M, while Total Assets are likely to drop about 153.3 K.
 2021 2022 2024 (projected)
Short and Long Term Debt Total108.4M59.2M43.8M
Total Assets129.8M57.8M153.3K

Goodfood Market balance sheet Correlations

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Click cells to compare fundamentals

Goodfood Market Account Relationship Matchups

Goodfood Market balance sheet Accounts

201920202021202220232024 (projected)
Total Assets80.8M163.0M255.3M129.8M57.8M153.3K
Short Long Term Debt Total59.2M100.1M108.4M59.2M68.0M43.8M
Other Current Liab14.8M22.1M10.3M1.01.151.09
Total Current Liabilities39.5M59.0M63.4M52.8M29.0M101.8K
Total Stockholder Equity17.4M57.6M97.9M(11.2M)(23.4M)51.5K
Net Tangible Assets16.9M55.4M95.8M(14.4M)(16.5M)(15.7M)
Property Plant And Equipment Net40.3M102.5M73.8M22.0M25.3M33.2M
Current Deferred Revenue5.4M5.1M5.5M4.1M4.7M3.6M
Net Debt(45.2M)(25.5M)71.5M34.2M39.4M41.3M
Retained Earnings(41.5M)(45.7M)(79.0M)(200.7M)(217.2M)(765.4K)
Accounts Payable24.0M26.1M30.1M16.8M18.0M8.1K
Cash45.1M104.4M125.5M36.9M24.9M153.3K
Non Current Assets Total6.4M28.0M46.4M108.7M77.7M25.1M
Other Assets2.9M3.9M4.1M650K747.5K710.1K
Long Term Debt26.2M26.3M27.5M41.8M48.0M50.4M
Cash And Short Term Investments104.4M125.5M36.9M24.9M28.7M46.4M
Net Receivables4.5M6.0M3.6M4.1M4.8M2.9M
Common Stock Shares Outstanding58.9M70.7M75.0M76.1M87.5M51.1M
Liabilities And Stockholders Equity163.0M255.3M129.8M57.8M66.5M90.9M
Non Current Liabilities Total3.0M23.9M46.5M94.0M88.2M52.3M
Inventory7.0M14.3M6.9M3.3M3.8M4.7M
Other Current Assets780K709K4.8M366K420.9K399.9K
Total Liab63.4M105.5M157.4M141.0M81.3M101.8K
Short Long Term Debt9.7M651K11.7M4.0M4.6M3.5M
Total Current Assets52.7M116.6M146.5M52.2M32.7M153.3K
Accumulated Other Comprehensive Income2.2M843K5.2M5.4M6.2M6.5M
Short Term Debt12.7M6.1M20.2M6.9M7.9M6.1M
Common Stock97.8M170.1M173.8M180.4M207.4M217.8M
Property Plant Equipment24.6M40.3M102.5M73.8M84.9M89.1M
Non Currrent Assets Other349.1K2.9M3.9M4.1M650K312K
Long Term Debt Total23.9M46.5M94.0M88.2M101.4M106.5M
Capital Surpluse2.3M3.2M5.9M10.6M12.2M12.8M
Property Plant And Equipment Gross40.3M110.5M127.1M73.1M84.1M52.8M
Cash And Equivalents45.1M104.4M125.5M36.9M42.4M55.7M
Intangible Assets2.2M2.1M3.2M2.8M3.2M3.4M
Other Stockholder Equity3.2M5.9M15.8M13.4M15.4M16.2M
Net Invested Capital93.4M124.8M28.0M22.3M25.7M24.4M
Net Working Capital57.6M83.1M(619K)3.7M4.3M4.1M

Pair Trading with Goodfood Market

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 Goodfood Market 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 Goodfood Market will appreciate offsetting losses from the drop in the long position's value.

Moving together with Goodfood Stock

  0.9TPX-B Molson Coors CanadaPairCorr
The ability to find closely correlated positions to Goodfood Market could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goodfood Market 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 Goodfood Market - 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 Goodfood Market Corp to buy it.
The correlation of Goodfood Market 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 Goodfood Market moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goodfood Market Corp 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 Goodfood Market 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 CorrelationCorrelation Matching

Other Information on Investing in Goodfood Stock

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