ADVAXIS Historical Balance Sheet

ADXS Stock  USD 2.16  0.16  8.00%   
Trend analysis of ADVAXIS INC balance sheet accounts such as Accounts Payable of 26 K, Total Assets of 24 M or Current Assets of 34.5 M provides information on ADVAXIS INC's total assets, liabilities, and equity, which is the actual value of ADVAXIS INC to its prevalent stockholders. By breaking down trends over time using ADVAXIS INC 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 breaking down ADVAXIS INC prevalent 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 ADVAXIS INC is a good buy for the upcoming year.
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About ADVAXIS Balance Sheet Analysis

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

ADVAXIS INC Balance Sheet Chart

ADVAXIS INC 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 ADVAXIS INC uses and utilizes its capital. It also shows what exactly a company owns and owes.
ADVAXIS INC Deferred Revenue is comparatively stable at the moment as compared to the past year. ADVAXIS INC reported Deferred Revenue of 148,500 in 2022. Shareholders Equity is likely to gain to about 39.5 M in 2023, whereas Accumulated Retained Earnings Deficit are likely to drop (430.1 M) in 2023.

Total Assets

Total assets refers to the total amount of ADVAXIS INC 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 ADVAXIS INC 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. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; Investments; Goodwill and Intangible Assets; Property Plant and Equipment Net; Tax Assets and Trade and Non Trade Receivables.

Current Assets

Current assets of ADVAXIS INC include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of ADVAXIS INC. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

Total Liabilities

Deferred Income Tax is recorded on ADVAXIS INC balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on ADVAXIS INC books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; Deferred Revenue; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.
Most accounts from ADVAXIS INC's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into ADVAXIS INC 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. ADVAXIS INC Deferred Revenue is comparatively stable at the moment as compared to the past year. ADVAXIS INC reported Deferred Revenue of 148,500 in 2022. Shareholders Equity is likely to gain to about 39.5 M in 2023, whereas Accumulated Retained Earnings Deficit are likely to drop (430.1 M) in 2023.
 2022 2023 (projected)
Accounts Payable25.3 K25.97 K
Receivables92.16 K94.59 K

ADVAXIS INC balance sheet Correlations

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ADVAXIS INC Account Relationship Matchups

ADVAXIS INC balance sheet Accounts

201820192020202120222023 (projected)
Accounts Payable976 K410 K87 K22 K25.3 K25.97 K
Total Assets45.26 M38.53 M46.78 M25.93 M23.34 M23.95 M
Current Assets36.15 M27.85 M43.26 M25.76 M23.18 M34.47 M
Assets Non Current9.11 M10.68 M3.52 M171 K196.65 K201.82 K
Cash and Equivalents32.36 M25.18 M41.61 M25.21 M28.99 M36.91 M
Cash and Equivalents USD32.36 M25.18 M41.61 M25.21 M28.99 M36.91 M
Shareholders Equity39.53 M30.18 M38.89 M23.63 M27.17 M39.46 M
Shareholders Equity USD39.53 M30.18 M38.89 M23.63 M27.17 M39.46 M
Goodwill and Intangible Assets4.58 M3.26 M3.35 M110 K99 K101.61 K
Total Liabilities5.73 M8.35 M7.89 M2.3 M2.07 M2.13 M
Current Liabilities4.52 M3.29 M7.88 M2.3 M2.07 M2.13 M
Liabilities Non Current15.34 M1.21 M5.05 M12 K13.8 K14.16 K
Trade and Non Trade Payables976 K410 K87 K22 K19.8 K20.32 K
Property Plant and Equipment Net4.35 M7.23 M158 K50 K57.5 K59.01 K
Accumulated Retained Earnings Deficit(384.27 M)(410.74 M)(428.6 M)(442.96 M)(398.66 M)(430.14 M)

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Pair Trading with ADVAXIS INC

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 ADVAXIS INC 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 ADVAXIS INC will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to ADVAXIS INC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADVAXIS INC 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 ADVAXIS INC - 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 ADVAXIS INC to buy it.
The correlation of ADVAXIS INC is a statistical measure of how it moves in relation to other equities. 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 ADVAXIS INC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADVAXIS INC 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 ADVAXIS INC 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.
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Please note, there is a significant difference between ADVAXIS INC's value and its price as these two are different measures arrived at by different means. Investors typically determine ADVAXIS INC value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ADVAXIS INC'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.