Altius Historical Balance Sheet

ALS Stock

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Trend analysis of Altius Minerals balance sheet accounts such as Other Current Liab of 7.3 M, Total Current Liabilities of 12.3 M or Total Stockholder Equity of 513.2 M provides information on Altius Minerals' total assets, liabilities, and equity, which is the actual value of Altius Minerals to its prevalent stockholders. By breaking down trends over time using Altius Minerals 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.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Altius Minerals 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 Altius Minerals is a good buy for the upcoming year.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altius Minerals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

About Altius Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Altius Minerals at a specified time, usually calculated after every quarter, six months, or one year. Altius Minerals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Altius Minerals 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 Altius currently owns. An asset can also be divided into two categories, current and non-current.

Altius Minerals Balance Sheet Chart

Altius Minerals Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Altius Minerals uses and utilizes its capital. It also shows what exactly a company owns and owes.

At this time, Altius Minerals' Non Current Assets Total are very stable compared to the past year. As of the 25th of April 2024, Liabilities And Stockholders Equity is likely to grow to about 942.6 M, while Total Current Liabilities is likely to drop about 12.3 M.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity

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Total Assets

Total assets refers to the total amount of Altius Minerals 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 Altius Minerals 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 Altius Minerals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Altius Minerals 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 Altius Minerals' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Altius Minerals 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Altius Minerals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Other Current Liabilities	5.6M	6.0M	7.0M	7.3M
Total Assets	721.4M	780.6M	773.5M	812.2M

Other Current Liab Total Assets

Altius Minerals balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Term Investments	Short Term Debt	Accounts Payable	Other Stockholder Equity	Short Long Term Debt Total	Non Currrent Assets Other	Other Liab	Net Tangible Assets
Total Assets		0.81	0.39	0.97	0.79	0.35	-0.45	0.71	0.96	0.16	0.66	0.74	0.78	0.88	0.84	0.9	0.3	0.92	-0.15	-0.36	0.25	0.21	0.43	-0.05	0.75	0.78
Other Current Liab	0.81		-0.01	0.77	0.56	-0.03	-0.38	0.87	0.69	0.42	0.45	0.41	0.43	0.6	0.53	0.74	0.52	0.74	0.08	-0.22	0.06	0.35	0.34	-0.45	0.57	0.76
Total Current Liabilities	0.39	-0.01		0.28	0.43	0.88	-0.22	-0.21	0.55	-0.46	0.37	0.38	0.42	0.7	0.77	0.33	-0.41	0.21	-0.36	-0.27	0.6	-0.2	0.32	0.23	0.43	0.06
Total Stockholder Equity	0.97	0.77	0.28		0.77	0.24	-0.34	0.73	0.9	0.3	0.63	0.76	0.83	0.79	0.73	0.85	0.43	0.91	-0.06	-0.21	0.25	0.28	0.45	0.05	0.7	0.74
Property Plant And Equipment Net	0.79	0.56	0.43	0.77		0.46	-0.78	0.39	0.85	-0.09	0.76	0.88	0.8	0.87	0.8	0.95	0.04	0.82	-0.24	-0.49	0.21	0.08	0.1	0.31	0.96	0.59
Net Debt	0.35	-0.03	0.88	0.24	0.46		-0.42	-0.28	0.56	-0.74	0.21	0.44	0.39	0.69	0.74	0.34	-0.65	0.32	-0.68	-0.56	0.28	-0.36	-0.02	0.38	0.42	0.12
Retained Earnings	-0.45	-0.38	-0.22	-0.34	-0.78	-0.42		-0.17	-0.56	0.41	-0.46	-0.62	-0.4	-0.61	-0.56	-0.74	0.29	-0.61	0.48	0.76	0.17	0.15	0.35	-0.18	-0.73	-0.47
Cash	0.71	0.87	-0.21	0.73	0.39	-0.28	-0.17		0.53	0.63	0.24	0.3	0.36	0.38	0.29	0.59	0.71	0.67	0.21	-0.05	0.08	0.35	0.32	-0.39	0.39	0.7
Non Current Assets Total	0.96	0.69	0.55	0.9	0.85	0.56	-0.56	0.53		-0.08	0.66	0.8	0.8	0.96	0.93	0.91	0.06	0.9	-0.34	-0.52	0.26	0.04	0.29	0.11	0.8	0.73
Cash And Short Term Investments	0.16	0.42	-0.46	0.3	-0.09	-0.74	0.41	0.63	-0.08		0.15	-0.08	0.08	-0.21	-0.27	0.05	0.98	0.04	0.79	0.68	0.16	0.67	0.53	-0.43	-0.05	0.21
Net Receivables	0.66	0.45	0.37	0.63	0.76	0.21	-0.46	0.24	0.66	0.15		0.66	0.64	0.64	0.63	0.77	0.23	0.54	0.06	-0.12	0.23	0.38	0.37	0.07	0.7	0.51
Common Stock Total Equity	0.74	0.41	0.38	0.76	0.88	0.44	-0.62	0.3	0.8	-0.08	0.66		0.96	0.78	0.72	0.82	0.08	0.8	-0.27	-0.46	0.14	0.04	0.16	0.43	0.79	0.65
Common Stock Shares Outstanding	0.78	0.43	0.42	0.83	0.8	0.39	-0.4	0.36	0.8	0.08	0.64	0.96		0.75	0.71	0.76	0.22	0.78	-0.13	-0.26	0.26	0.13	0.38	0.39	0.72	0.61
Non Current Liabilities Total	0.88	0.6	0.7	0.79	0.87	0.69	-0.61	0.38	0.96	-0.21	0.64	0.78	0.75		0.98	0.88	-0.08	0.79	-0.33	-0.55	0.34	-0.02	0.26	0.13	0.86	0.6
Total Liab	0.84	0.53	0.77	0.73	0.8	0.74	-0.56	0.29	0.93	-0.27	0.63	0.72	0.71	0.98		0.81	-0.15	0.72	-0.35	-0.52	0.37	-0.05	0.33	0.11	0.79	0.53
Property Plant And Equipment Gross	0.9	0.74	0.33	0.85	0.95	0.34	-0.74	0.59	0.91	0.05	0.77	0.82	0.76	0.88	0.81		0.18	0.89	-0.19	-0.51	0.15	0.15	0.16	0.09	0.92	0.75
Total Current Assets	0.3	0.52	-0.41	0.43	0.04	-0.65	0.29	0.71	0.06	0.98	0.23	0.08	0.22	-0.08	-0.15	0.18		0.2	0.7	0.57	0.16	0.69	0.55	-0.4	0.08	0.4
Common Stock	0.92	0.74	0.21	0.91	0.82	0.32	-0.61	0.67	0.9	0.04	0.54	0.8	0.78	0.79	0.72	0.89	0.2		-0.35	-0.5	0.02	0.09	0.16	0.12	0.71	0.8
Short Term Investments	-0.15	0.08	-0.36	-0.06	-0.24	-0.68	0.48	0.21	-0.34	0.79	0.06	-0.27	-0.13	-0.33	-0.35	-0.19	0.7	-0.35		0.75	0.13	0.63	0.42	-0.4	-0.09	-0.23
Short Term Debt	-0.36	-0.22	-0.27	-0.21	-0.49	-0.56	0.76	-0.05	-0.52	0.68	-0.12	-0.46	-0.26	-0.55	-0.52	-0.51	0.57	-0.5	0.75		0.21	0.57	0.53	-0.25	-0.45	-0.43
Accounts Payable	0.25	0.06	0.6	0.25	0.21	0.28	0.17	0.08	0.26	0.16	0.23	0.14	0.26	0.34	0.37	0.15	0.16	0.02	0.13	0.21		-0.17	0.54	0.0	0.26	-0.02
Other Stockholder Equity	0.21	0.35	-0.2	0.28	0.08	-0.36	0.15	0.35	0.04	0.67	0.38	0.04	0.13	-0.02	-0.05	0.15	0.69	0.09	0.63	0.57	-0.17		0.44	-0.32	0.12	0.21
Short Long Term Debt Total	0.43	0.34	0.32	0.45	0.1	-0.02	0.35	0.32	0.29	0.53	0.37	0.16	0.38	0.26	0.33	0.16	0.55	0.16	0.42	0.53	0.54	0.44		-0.37	0.1	0.22
Non Currrent Assets Other	-0.05	-0.45	0.23	0.05	0.31	0.38	-0.18	-0.39	0.11	-0.43	0.07	0.43	0.39	0.13	0.11	0.09	-0.4	0.12	-0.4	-0.25	0.0	-0.32	-0.37		0.22	-0.15
Other Liab	0.75	0.57	0.43	0.7	0.96	0.42	-0.73	0.39	0.8	-0.05	0.7	0.79	0.72	0.86	0.79	0.92	0.08	0.71	-0.09	-0.45	0.26	0.12	0.1	0.22		0.53
Net Tangible Assets	0.78	0.76	0.06	0.74	0.59	0.12	-0.47	0.7	0.73	0.21	0.51	0.65	0.61	0.6	0.53	0.75	0.4	0.8	-0.23	-0.43	-0.02	0.21	0.22	-0.15	0.53

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Altius Minerals Account Relationship Matchups

Altius Minerals balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	566.9M	589.6M	721.4M	780.6M	773.5M	812.2M
Other Current Liab	443K	4.7M	5.6M	6.0M	7.0M	7.3M
Total Current Liabilities	26.8M	31.5M	19.6M	19.7M	12.9M	12.3M
Total Stockholder Equity	385.2M	362.9M	433.5M	486.2M	488.7M	513.2M
Property Plant And Equipment Net	269.3M	288.6M	260.9M	238.5M	214.7M	225.5M
Net Debt	85.7M	111.2M	15.2M	38.5M	44.3M	46.5M
Retained Earnings	10.1M	(31.9M)	12.6M	24.7M	13.3M	12.7M
Cash	22.1M	21.8M	100.0M	82.4M	130.4M	136.9M
Non Current Assets Total	529.0M	554.0M	606.5M	676.4M	628.8M	660.2M
Cash And Short Term Investments	22.1M	21.8M	100.0M	82.4M	94.7M	67.5M
Net Receivables	15.8M	13.8M	14.9M	21.8M	6.9M	5.9M
Common Stock Shares Outstanding	43.4M	43.0M	42.0M	42.6M	47.1M	33.5M
Liabilities And Stockholders Equity	566.9M	589.6M	721.4M	780.6M	897.7M	942.6M
Non Current Liabilities Total	140.1M	174.3M	172.8M	152.1M	148.1M	155.5M
Total Liab	166.9M	205.8M	192.4M	171.8M	161M	169.1M
Property Plant And Equipment Gross	269.3M	288.6M	360.7M	359.6M	304.3M	319.6M
Total Current Assets	37.9M	35.6M	114.9M	104.1M	144.7M	77.8M
Common Stock	262.7M	259.3M	260.8M	358.7M	412.5M	433.1M
Accounts Payable	6.4M	6.9M	6.1M	5.6M	4.2M	3.9M
Other Stockholder Equity	55.4M	75.3M	99.0M	90.4M	103.9M	56.6M
Accumulated Other Comprehensive Income	55.4M	78.4M	103.0M	102.8M	118.3M	124.2M
Short Long Term Debt Total	107.8M	133.0M	115.2M	120.9M	139.0M	91.2M
Other Liab	50.8M	59.0M	64.7M	38.4M	44.2M	43.8M
Net Tangible Assets	320.0M	299.8M	376.4M	486.2M	559.1M	354.0M
Other Assets	6.0M	8.5M	7.8M	8.9M	10.3M	6.8M
Long Term Debt	87.8M	113.0M	107.2M	112.9M	104.2M	96.6M
Long Term Investments	245.6M	250.9M	337.8M	429.1M	398.2M	346.2M
Property Plant Equipment	13.9M	15.5M	10.0M	238.5M	274.2M	287.9M
Long Term Debt Total	87.8M	113.0M	107.2M	112.9M	129.8M	94.7M
Net Invested Capital	436.0M	438.8M	491.6M	599.1M	592.9M	525.9M
Cash And Equivalents	22.1M	50K	8.7M	82.4M	94.7M	99.5M
Net Working Capital	11.1M	4.1M	95.2M	84.5M	131.8M	138.4M
Capital Stock	319.7M	316.4M	317.9M	358.7M	355.3M	365.3M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Altius Minerals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Altius Minerals' short interest history, or implied volatility extrapolated from Altius Minerals options trading.

Pair Trading with Altius Minerals

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 Altius Minerals 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 Altius Minerals will appreciate offsetting losses from the drop in the long position's value.

Moving against Altius Stock

0.66	THRM	Therma Bright	Pair Corr
0.62	FUND	Katipult Technology Corp	Pair Corr
0.6	QBR-A	Quebecor	Pair Corr

The ability to find closely correlated positions to Altius Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altius Minerals 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 Altius Minerals - 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 Altius Minerals to buy it.

The correlation of Altius Minerals 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 Altius Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altius Minerals 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 Altius Minerals 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.

Pair Correlation Correlation Matching

You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running Altius Minerals' price analysis, check to measure Altius Minerals' 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 Altius Minerals is operating at the current time. Most of Altius Minerals' value examination focuses on studying past and present price action to predict the probability of Altius Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altius Minerals' price. Additionally, you may evaluate how the addition of Altius Minerals to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between Altius Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Altius Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altius Minerals' 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.

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Altius Historical Balance Sheet

About Altius Balance Sheet Analysis

Altius Minerals Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Altius Minerals balance sheet Correlations

Altius Minerals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Altius Minerals balance sheet Accounts

Pair Trading with Altius Minerals

Moving against Altius Stock

Complementary Tools for Altius Stock analysis

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Total Current Assets	+ 0.98	Cash And Short Term Investments
Total Liab	+ 0.98	Non Current Liabilities Total
Total Stockholder Equity	+ 0.97	Total Assets
Non Current Assets Total	+ 0.96	Total Assets
Other Liab	+ 0.96	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.96	Non Current Assets Total

Retained Earnings	- 0.78	Property Plant And Equipment Net
Property Plant And Equipment Gross	- 0.74	Retained Earnings
Cash And Short Term Investments	- 0.74	Net Debt
Other Liab	- 0.73	Retained Earnings
Short Term Investments	- 0.68	Net Debt
Total Current Assets	- 0.65	Net Debt