RTG Historical Balance Sheet
| RTG Stock | CAD 0.02 0.01 33.33% |
Trend analysis of RTG Mining balance sheet accounts such as Property Plant And Equipment Net of 3.9 M, Accounts Payable of 416 K, Cash of 5.6 M or Non Current Assets Total of 2.7 M provides information on RTG Mining's total assets, liabilities, and equity, which is the actual value of RTG Mining to its prevalent stockholders. By breaking down trends over time using RTG Mining 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 RTG Mining 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 RTG Mining is a good buy for the upcoming year.
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About RTG Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of RTG Mining at a specified time, usually calculated after every quarter, six months, or one year. RTG Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of RTG Mining 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 RTG currently owns. An asset can also be divided into two categories, current and non-current.
RTG Mining Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on RTG Mining balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of RTG Mining 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
Cash refers to the most liquid asset of RTG Mining, which is listed under current asset account on RTG Mining balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from RTG Mining customers. The amounts must be unrestricted with restricted cash listed in a different RTG Mining account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most accounts from RTG Mining's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into RTG Mining 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 Equity Center to better understand how to build diversified portfolios, which includes a position in RTG Mining. 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, RTG Mining's Property Plant And Equipment Gross is very stable compared to the past year. As of the 23rd of March 2025, Total Current Assets is likely to grow to about 6.1 M, while Total Assets are likely to drop about 7.8 M.
| 2022 | 2023 | 2024 | 2025 (projected) | Other Current Liabilities | 1.0K | 521.8K | 600.1K | 385.5K | Total Assets | 5.6M | 9.2M | 8.3M | 7.8M |
RTG Mining balance sheet Correlations
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RTG Mining Account Relationship Matchups
High Positive Relationship
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RTG Mining balance sheet Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Total Assets | 8.8M | 12.9M | 5.6M | 9.2M | 8.3M | 7.8M | |
| Other Current Liab | 334.2K | 835.1K | 1.0K | 521.8K | 600.1K | 385.5K | |
| Total Current Liabilities | 2.3M | 3.7M | 1.6M | 1.2M | 1.3M | 1.5M | |
| Total Stockholder Equity | 7.6M | 10.6M | 4.8M | 8.8M | 7.9M | 7.5M | |
| Property Plant And Equipment Net | 2.8M | 2.6M | 3.4M | 3.2M | 3.7M | 3.9M | |
| Net Debt | (4.1M) | (8.5M) | (554.4K) | (3.6M) | (4.1M) | (4.3M) | |
| Retained Earnings | (177.6M) | (184.4M) | (190.6M) | (194.9M) | (175.4M) | (166.7M) | |
| Accounts Payable | 295.2K | 1.2M | 559.2K | 522.6K | 601.0K | 416.0K | |
| Cash | 5.8M | 10.0M | 1.9M | 4.4M | 3.9M | 5.6M | |
| Non Current Assets Total | 2.8M | 2.6M | 3.4M | 3.2M | 2.9M | 2.7M | |
| Cash And Short Term Investments | 5.8M | 10.0M | 1.9M | 4.4M | 3.9M | 5.6M | |
| Net Receivables | 27.5K | 55.0K | 105.5K | 1.5M | 1.8M | 1.9M | |
| Common Stock Shares Outstanding | 579.2M | 683.3M | 838.4M | 961.9M | 1.1B | 1.2B | |
| Liabilities And Stockholders Equity | 8.8M | 12.9M | 5.6M | 9.2M | 8.3M | 7.8M | |
| Non Current Liabilities Total | 50.9K | 15.3K | 783.1K | 723.3K | 831.8K | 468.1K | |
| Other Current Assets | 182.34 | 167.6K | 160.4K | 78.4K | 90.1K | 57.0K | |
| Other Stockholder Equity | 10.0M | (10.3M) | (10.3M) | (696.0) | (626.4) | (595.08) | |
| Total Liab | 2.3M | 3.7M | 2.4M | 1.9M | 2.2M | 1.6M | |
| Property Plant And Equipment Gross | 2.8M | 2.6M | 3.4M | 3.2M | 3.7M | 3.9M | |
| Total Current Assets | 5.9M | 10.3M | 2.2M | 6.0M | 5.4M | 6.1M | |
| Accumulated Other Comprehensive Income | 953.7K | 1.2M | 1.5M | 11.7M | 13.5M | 14.2M | |
| Common Stock | 174.3M | 183.5M | 183.6M | 192.0M | 220.8M | 139.9M | |
| Net Tangible Assets | 6.5M | 7.6M | 10.6M | 4.8M | 4.4M | 4.1M | |
| Property Plant Equipment | 3.5M | 2.8M | 2.6M | 3.4M | 3.9M | 4.1M | |
| Inventory | 154.7K | 167.4K | 160.2K | 76.8K | 69.1K | 107.9K | |
| Short Term Debt | 1.6M | 1.6M | 615.6K | 111.1K | 100.0K | 95.0K | |
| Short Long Term Debt Total | 1.7M | 1.6M | 1.4M | 809.8K | 728.8K | 1.3M | |
| Net Invested Capital | 9.1M | 12.1M | 5.3M | 8.8M | 7.9M | 9.3M | |
| Net Working Capital | 3.7M | 6.6M | 630.0K | 4.8M | 4.4M | 4.2M | |
| Capital Stock | 174.3M | 183.5M | 183.6M | 192.0M | 220.8M | 196.1M | |
| Capital Lease Obligations | 182.7K | 71.8K | 893.0K | 809.8K | 931.3K | 496.6K |
Pair Trading with RTG Mining
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 RTG Mining 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 RTG Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with RTG Stock
Moving against RTG Stock
| 0.47 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.46 | ORE | Orezone Gold Corp Earnings Call Tomorrow | PairCorr |
| 0.41 | FDR | Flinders Resources | PairCorr |
| 0.35 | VZ | Verizon Communications | PairCorr |
The ability to find closely correlated positions to RTG Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RTG Mining 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 RTG Mining - 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 RTG Mining to buy it.
The correlation of RTG Mining 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 RTG Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RTG Mining 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 RTG Mining 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 RTG Stock
Balance Sheet is a snapshot of the financial position of RTG Mining at a specified time, usually calculated after every quarter, six months, or one year. RTG Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of RTG Mining 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 RTG currently owns. An asset can also be divided into two categories, current and non-current.