Granite Historical Balance Sheet
| GRT-UN Stock | CAD 66.99 0.98 1.44% |
Trend analysis of Granite Real Estate balance sheet accounts such as Other Current Liabilities of 7.3 M or Total Current Liabilities of 219.3 M provides information on Granite Real's total assets, liabilities, and equity, which is the actual value of Granite Real Estate to its prevalent stockholders. By breaking down trends over time using Granite Real 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 Granite Real Estate 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 Granite Real Estate is a good buy for the upcoming year.
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About Granite Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Granite Real Estate at a specified time, usually calculated after every quarter, six months, or one year. Granite Real Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Granite Real 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 Granite currently owns. An asset can also be divided into two categories, current and non-current.
Granite Real Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Granite Real 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 Granite Real Estate 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 Granite Real balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Granite Real Estate 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.Most accounts from Granite Real's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Granite Real Estate 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, Granite Real's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 3.7 B, whereas Other Current Liabilities is forecasted to decline to about 7.3 M.
| 2022 | 2023 | 2024 | 2025 (projected) | Short and Long Term Debt Total | 3.1B | 3.1B | 3.6B | 3.7B | Total Assets | 9.3B | 9.1B | 9.6B | 10.1B |
Granite Real balance sheet Correlations
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Granite Real Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Granite Real balance sheet Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Total Assets | 6.7B | 8.6B | 9.3B | 9.1B | 9.6B | 10.1B | |
| Short Long Term Debt Total | 2.2B | 2.5B | 3.1B | 3.1B | 3.6B | 3.7B | |
| Other Current Liab | 84.0M | 125.9M | 131.8M | 112.4M | 7.7M | 7.3M | |
| Total Current Liabilities | 373.9M | 164.4M | 619.3M | 384.5M | 147.0M | 219.3M | |
| Total Stockholder Equity | 3.9B | 5.3B | 5.5B | 5.3B | 5.7B | 6.0B | |
| Property Plant And Equipment Net | 3.3M | 2.5M | 4.0M | 3.1M | 3.9M | 3.7M | |
| Net Debt | 1.4B | 2.1B | 2.9B | 3.0B | 3.0B | 3.1B | |
| Accounts Payable | 3.8M | 8.0M | 11.2M | 11.4M | 13.5M | 12.9M | |
| Cash | 831.3M | 402.5M | 135.1M | 116.1M | 126.2M | 226.3M | |
| Non Current Assets Total | 5.9B | 8.1B | 9.0B | 8.9B | 9.5B | 9.9B | |
| Other Assets | 51.1M | 51.8M | 124.7M | 92.3M | 83.0M | 128.0M | |
| Cash And Short Term Investments | 831.3M | 402.5M | 135.1M | 116.1M | 133.6M | 230.0M | |
| Net Receivables | 6.7M | 10.8M | 12.2M | 13.0M | 18.3M | 23.0M | |
| Common Stock Shares Outstanding | 56.7M | 64M | 65.3M | 63.4M | 62.7M | 55.2M | |
| Liabilities And Stockholders Equity | 6.7B | 8.6B | 9.3B | 9.1B | 10.4B | 10.9B | |
| Non Current Liabilities Total | 2.5B | 3.1B | 3.2B | 3.4B | 3.7B | 3.9B | |
| Other Current Assets | 6.9M | 73.2M | 126.3M | 22.8M | 12.9M | 12.3M | |
| Other Stockholder Equity | (578.3M) | (1.7B) | (1.7B) | 5.3M | 4.7M | 4.5M | |
| Total Liab | 2.8B | 3.2B | 3.8B | 3.8B | 3.9B | 4.1B | |
| Total Current Assets | 845.8M | 486.5M | 273.6M | 151.7M | 158.0M | 314.1M | |
| Non Currrent Assets Other | 5.9B | 8.1B | 9.0B | 8.9B | 10.2B | 10.8B | |
| Current Deferred Revenue | 11.3M | 12.1M | 17.4M | 17.8M | 16.0M | 8.4M | |
| Retained Earnings | 631.6M | 1.7B | 1.7B | 1.6B | 1.8B | 1.9B | |
| Accumulated Other Comprehensive Income | 95.9M | 72.0M | 413.5M | 306.4M | 352.4M | 370.0M | |
| Short Term Debt | 267.7M | 505K | 458.9M | 244.9M | 281.6M | 295.7M | |
| Intangible Assets | (33.4M) | (67.2M) | (152.5M) | (109.9M) | (98.9M) | (93.9M) | |
| Common Stock | 3.1B | 3.4B | 3.3B | 3.3B | 3.8B | 2.6B | |
| Good Will | 4.7M | 4.5M | 629K | 639K | 575.1K | 546.3K | |
| Other Liab | 321.0M | 392.8M | 604.7M | 557.4M | 641.0M | 355.0M | |
| Net Tangible Assets | 3.1B | 3.9B | 5.3B | 5.5B | 6.3B | 3.3B | |
| Long Term Debt | 1.9B | 2.4B | 2.6B | 2.8B | 3.1B | 1.7B | |
| Deferred Long Term Liab | 885K | 599K | 2.5M | 1.9M | 2.2M | 2.3M | |
| Property Plant Equipment | 4.4B | 5.8B | 7.9B | 8.8B | 10.1B | 10.6B | |
| Short Term Investments | 50.3M | 559K | 8.0M | 420K | 378K | 359.1K |
Pair Trading with Granite Real
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 Granite Real 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 Granite Real will appreciate offsetting losses from the drop in the long position's value.Moving against Granite Stock
The ability to find closely correlated positions to Granite Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Granite Real 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 Granite Real - 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 Granite Real Estate to buy it.
The correlation of Granite Real 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 Granite Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Granite Real Estate 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 Granite Real 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.Other Information on Investing in Granite Stock
Balance Sheet is a snapshot of the financial position of Granite Real Estate at a specified time, usually calculated after every quarter, six months, or one year. Granite Real Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Granite Real 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 Granite currently owns. An asset can also be divided into two categories, current and non-current.