Eldorado Total Assets from 2010 to 2024
| EGO Stock | USD 14.90 0.06 0.40% |
Total Assets | First Reported 1994-03-31 | Previous Quarter 4.8 B | Current Value 5 B | Quarterly Volatility 2.7 B |
Check Eldorado Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Eldorado main balance sheet or income statement drivers, such as Depreciation And Amortization of 287.2 M, Interest Expense of 29 M or Total Revenue of 1.1 B, as well as many exotic indicators such as Price To Sales Ratio of 2.34, Dividend Yield of 0.0054 or PTB Ratio of 0.68. Eldorado financial statements analysis is a perfect complement when working with Eldorado Gold Valuation or Volatility modules.
Eldorado | Total Assets |
Latest Eldorado Gold's Total Assets Growth Pattern
Below is the plot of the Total Assets of Eldorado Gold Corp over the last few years. Total assets refers to the total amount of Eldorado 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 Eldorado Gold 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. It is 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. Eldorado Gold's Total Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Eldorado Gold's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 4.96 B | 10 Years Trend |
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Total Assets |
| Timeline |
Eldorado Total Assets Regression Statistics
| Arithmetic Mean | 4,890,046,664 | |
| Coefficient Of Variation | 38.82 | |
| Mean Deviation | 1,171,081,528 | |
| Median | 4,898,975,000 | |
| Standard Deviation | 1,898,493,651 | |
| Sample Variance | 3604278.1T | |
| Range | 8B | |
| R-Value | (0.07) | |
| Mean Square Error | 3861114.5T | |
| R-Squared | 0.01 | |
| Significance | 0.80 | |
| Slope | (30,787,579) | |
| Total Sum of Squares | 50459894T |
Eldorado Total Assets History
Other Fundumenentals of Eldorado Gold Corp
Eldorado Gold Total Assets component correlations
Click cells to compare fundamentals
About Eldorado Gold Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Eldorado Gold income statement, its balance sheet, and the statement of cash flows. Eldorado Gold investors use historical funamental indicators, such as Eldorado Gold's Total Assets, to determine how well the company is positioned to perform in the future. Although Eldorado Gold investors may use each financial statement separately, they are all related. The changes in Eldorado Gold's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Eldorado Gold's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Eldorado Gold Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Eldorado Gold. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Total Assets | 5 B | 3 B | |
| Intangibles To Total Assets | 0.02 | 0.02 |
Pair Trading with Eldorado 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 Eldorado 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 Eldorado Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Eldorado Stock
| 0.93 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.83 | KALU | Kaiser Aluminum Earnings Call This Week | PairCorr |
| 0.92 | CENX | Century Aluminum Financial Report 13th of May 2024 | PairCorr |
| 0.8 | CSTM | Constellium Nv Earnings Call This Week | PairCorr |
Moving against Eldorado Stock
| 0.72 | X | United States Steel Earnings Call This Week | PairCorr |
| 0.64 | NC | NACCO Industries | PairCorr |
| 0.63 | VALE | Vale SA ADR Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Eldorado 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 Eldorado 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 Eldorado 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 Eldorado Gold Corp to buy it.
The correlation of Eldorado 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 Eldorado Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eldorado Gold 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 Eldorado 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.Check out the analysis of Eldorado Gold Correlation against competitors. Note that the Eldorado Gold Corp information on this page should be used as a complementary analysis to other Eldorado Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Eldorado Stock analysis
When running Eldorado Gold's price analysis, check to measure Eldorado Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eldorado Gold is operating at the current time. Most of Eldorado Gold's value examination focuses on studying past and present price action to predict the probability of Eldorado Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eldorado Gold's price. Additionally, you may evaluate how the addition of Eldorado Gold to your portfolios can decrease your overall portfolio volatility.
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Is Eldorado Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eldorado Gold. If investors know Eldorado will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eldorado Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.921 | Earnings Share 0.54 | Revenue Per Share 5.186 | Quarterly Revenue Growth 0.235 | Return On Assets 0.0227 |
The market value of Eldorado Gold Corp is measured differently than its book value, which is the value of Eldorado that is recorded on the company's balance sheet. Investors also form their own opinion of Eldorado Gold's value that differs from its market value or its book value, called intrinsic value, which is Eldorado Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eldorado Gold's market value can be influenced by many factors that don't directly affect Eldorado Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eldorado Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eldorado Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eldorado Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.