Xtra Historical Balance Sheet
| XTG Stock | CAD 1.78 0.03 1.66% |
Trend analysis of Xtra Gold Resources Corp balance sheet accounts such as Total Assets of 7.8 M, Short Long Term Debt Total of 213.8 K, Other Current Liabilities of 1.6 M or Total Current Liabilities of 1.6 M provides information on Xtra Gold's total assets, liabilities, and equity, which is the actual value of Xtra Gold Resources to its prevalent stockholders. By breaking down trends over time using Xtra Gold 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 Xtra Gold 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 Xtra Gold Resources is a good buy for the upcoming year.
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About Xtra Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Xtra Gold Resources at a specified time, usually calculated after every quarter, six months, or one year. Xtra Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xtra Gold 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 Xtra currently owns. An asset can also be divided into two categories, current and non-current.
Xtra Gold Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Xtra Gold 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 Xtra Gold 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 Xtra Gold balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Xtra Gold Resources 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 Xtra Gold's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Xtra Gold 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xtra Gold Resources 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, Xtra Gold's Common Stock Shares Outstanding is very stable compared to the past year. As of the 4th of December 2024, Total Liabilities is likely to grow to about 1.6 M, while Total Assets are likely to drop about 7.8 M.
| 2023 | 2024 (projected) | Short and Long Term Debt Total | 225K | 213.8K | Total Assets | 11.9M | 7.8M |
Xtra Gold balance sheet Correlations
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Xtra Gold Account Relationship Matchups
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Xtra Gold balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 6.9M | 9.3M | 10.8M | 11.9M | 11.9M | 7.8M | |
| Other Current Liab | 443.4K | 426.5K | 1.1M | 1.3M | 1.5M | 1.6M | |
| Total Current Liabilities | 443.5K | 426.8K | 1.1M | 1.4M | 1.5M | 1.6M | |
| Total Stockholder Equity | 6.9M | 9.2M | 9.8M | 10.5M | 10.2M | 7.3M | |
| Property Plant And Equipment Net | 1.1M | 1.3M | 1.3M | 1.4M | 1.3M | 1.9M | |
| Net Debt | (4.0M) | (4.5M) | (4.7M) | (5.8M) | (7.2M) | (6.8M) | |
| Retained Earnings | (24.7M) | (22.8M) | (22.0M) | (21.3M) | (21.5M) | (22.6M) | |
| Accounts Payable | 147.31 | 286.42 | 1.0K | 67.6K | 2.1K | 2.0K | |
| Cash | 4.0M | 4.5M | 4.7M | 5.8M | 7.2M | 7.5M | |
| Non Current Assets Total | 1.4M | 1.6M | 1.6M | 1.7M | 1.6M | 2.0M | |
| Cash And Short Term Investments | 4.9M | 6.8M | 8.0M | 9.3M | 9.4M | 9.8M | |
| Net Receivables | 177.4K | 100.6K | 103.2K | 104.8K | (2.2K) | (2.1K) | |
| Common Stock Total Equity | 47.8K | 46.2K | 45.8K | 46.8K | 53.8K | 44.9K | |
| Short Term Investments | 887.1K | 2.3M | 3.4M | 3.5M | 2.2M | 1.6M | |
| Liabilities And Stockholders Equity | 6.9M | 9.3M | 10.8M | 11.9M | 11.9M | 7.8M | |
| Other Stockholder Equity | 31.5M | 32.0M | 31.8M | 31.8M | 31.7M | 28.8M | |
| Total Liab | 443.5K | 426.8K | 1.1M | 1.4M | 1.5M | 1.6M | |
| Property Plant And Equipment Gross | 1.1M | 1.3M | 3.5M | 3.8M | 3.8M | 2.1M | |
| Total Current Assets | 5.4M | 7.7M | 9.1M | 10.2M | 10.3M | 10.8M | |
| Common Stock | 45.8K | 46.8K | 46.7K | 46.4K | 46.2K | 45.9K | |
| Other Current Assets | 1.1K | 2.4K | 3.5K | 104.8K | 102.2K | 146.7K | |
| Inventory | 393.0K | 842.0K | 975.3K | 795.9K | 817.6K | 858.5K | |
| Net Tangible Assets | 4.8M | 6.9M | 9.2M | 9.8M | 11.3M | 6.1M | |
| Other Assets | 246.3K | 296.3K | 0.0 | 296.3K | 266.7K | 159.9K | |
| Property Plant Equipment | 1.1M | 1.3M | 1.3M | 1.4M | 1.6M | 1.4M | |
| Capital Surpluse | 31.5M | 32.0M | 31.8M | 31.8M | 36.6M | 34.9M | |
| Cash And Equivalents | 4.0M | 4.5M | 4.7M | 5.8M | 6.6M | 3.7M | |
| Net Invested Capital | 6.9M | 9.2M | 9.8M | 10.5M | 10.2M | 8.7M | |
| Net Working Capital | 5.0M | 7.3M | 8.0M | 8.8M | 8.8M | 6.6M | |
| Capital Stock | 45.8K | 46.8K | 46.7K | 46.4K | 46.2K | 51.0K |
Pair Trading with Xtra Gold
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 Xtra Gold 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 Xtra Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Xtra Stock
Moving against Xtra Stock
The ability to find closely correlated positions to Xtra Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtra Gold 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 Xtra Gold - 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 Xtra Gold Resources Corp to buy it.
The correlation of Xtra Gold 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 Xtra Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtra Gold 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 Xtra Gold 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 Xtra Stock
Balance Sheet is a snapshot of the financial position of Xtra Gold Resources at a specified time, usually calculated after every quarter, six months, or one year. Xtra Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xtra Gold 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 Xtra currently owns. An asset can also be divided into two categories, current and non-current.