Starcore Historical Balance Sheet
SAM Stock | CAD 0.14 0.02 12.50% |
Trend analysis of Starcore International Mines balance sheet accounts such as Accounts Payable of 2 M, Cash of 3 M, Non Current Assets Total of 34.5 M or Non Currrent Assets Other of 4.2 M provides information on Starcore International's total assets, liabilities, and equity, which is the actual value of Starcore International to its prevalent stockholders. By breaking down trends over time using Starcore International 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 Starcore International 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 Starcore International is a good buy for the upcoming year.
Starcore International Inventory |
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About Starcore Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Starcore International at a specified time, usually calculated after every quarter, six months, or one year. Starcore International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Starcore International 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 Starcore currently owns. An asset can also be divided into two categories, current and non-current.
Starcore International Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Starcore International 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 Starcore International 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 Starcore International balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Starcore International Mines 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.Most accounts from Starcore International's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Starcore International 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Starcore International Mines. 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, Starcore International's Property Plant And Equipment Gross is very stable compared to the past year. As of the 5th of December 2024, Inventory is likely to grow to about 2.1 M, while Total Assets are likely to drop about 42.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Current Liabilities | 3.8M | 3.3M | 4.2M | 4.9M | Total Assets | 52.0M | 50.9M | 52.0M | 42.4M |
Starcore International balance sheet Correlations
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Starcore International Account Relationship Matchups
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High Negative Relationship
Starcore International balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 54.4M | 46.5M | 52.0M | 50.9M | 52.0M | 42.4M | |
Total Current Liabilities | 6.3M | 2.7M | 3.8M | 3.3M | 4.2M | 4.9M | |
Total Stockholder Equity | 37.3M | 36.3M | 40.1M | 38.8M | 40.6M | 28.3M | |
Property Plant And Equipment Net | 43.1M | 34.5M | 35.8M | 30.6M | 38.1M | 31.6M | |
Net Debt | 2.8M | (3.4M) | (7.9M) | (2.3M) | (4.6M) | (4.3M) | |
Retained Earnings | (29.5M) | (26.6M) | (24.2M) | (29.5M) | (27.8M) | (26.4M) | |
Accounts Payable | 2.3M | 2.0M | 2.8M | 2.6M | 3.4M | 2.0M | |
Cash | 2.1M | 4.4M | 8.8M | 2.7M | 5.3M | 3.0M | |
Non Current Assets Total | 48.1M | 38.0M | 39.1M | 39.1M | 42.1M | 34.5M | |
Cash And Short Term Investments | 2.1M | 5.2M | 9.3M | 7.1M | 5.7M | 4.2M | |
Net Receivables | 2.3M | 1.2M | 1.6M | 2.0M | 216K | 205.2K | |
Liabilities And Stockholders Equity | 54.4M | 46.5M | 52.0M | 50.9M | 52.0M | 42.4M | |
Non Current Liabilities Total | 10.9M | 7.5M | 8.2M | 8.8M | 7.2M | 9.3M | |
Other Current Assets | 282K | 367K | 472K | 1.9M | 2.5M | 2.6M | |
Total Liab | 17.1M | 10.2M | 12.0M | 12.1M | 11.4M | 14.2M | |
Property Plant And Equipment Gross | 43.1M | 43.1M | 95.3M | 102.6M | 118.0M | 123.9M | |
Total Current Assets | 6.3M | 8.5M | 12.9M | 11.8M | 9.9M | 7.9M | |
Other Stockholder Equity | 16.1M | 12.2M | 13.5M | 5.0M | 5.8M | 5.5M | |
Accumulated Other Comprehensive Income | 16.1M | 12.2M | 13.5M | 16.4M | 15.1M | 8.4M | |
Short Long Term Debt Total | 4.9M | 947K | 898K | 384K | 758K | 720.1K | |
Other Current Liab | 120K | 192K | 332K | 490K | 297K | 282.2K | |
Short Term Debt | 3.8M | 447K | 636K | 216K | 442K | 419.9K | |
Inventory | 1.7M | 1.8M | 1.5M | 2.4M | 1.5M | 2.1M | |
Current Deferred Revenue | (332.0K) | (192K) | (279.0) | 24K | 27.6K | 29.0K | |
Other Liab | 10.0M | 9.8M | 7.0M | 8.0M | 7.2M | 8.6M | |
Net Tangible Assets | 39.0M | 37.3M | 36.3M | 40.1M | 36.0M | 37.7M | |
Other Assets | 5.0M | 3.5M | 3.3M | 2.8M | 2.5M | 3.7M | |
Property Plant Equipment | 43.1M | 34.5M | 35.8M | 36.3M | 32.7M | 36.6M | |
Long Term Debt Total | 1.1M | 500K | 262K | 168K | 151.2K | 143.6K | |
Net Invested Capital | 43.6M | 40.5M | 36.3M | 40.1M | 36.0M | 37.0M | |
Cash And Equivalents | 2.1M | 4.4M | 8.8M | 3.8M | 4.3M | 4.6M | |
Net Working Capital | 2.6M | 46K | 5.8M | 9.1M | 8.2M | 4.8M |
Pair Trading with Starcore International
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 Starcore International 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 Starcore International will appreciate offsetting losses from the drop in the long position's value.Moving together with Starcore Stock
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Moving against Starcore Stock
The ability to find closely correlated positions to Starcore International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Starcore International 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 Starcore International - 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 Starcore International Mines to buy it.
The correlation of Starcore International 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 Starcore International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Starcore International 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 Starcore International 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 Starcore Stock
Balance Sheet is a snapshot of the financial position of Starcore International at a specified time, usually calculated after every quarter, six months, or one year. Starcore International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Starcore International 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 Starcore currently owns. An asset can also be divided into two categories, current and non-current.