Corsair Historical Balance Sheet
CRSR Stock | USD 6.90 0.19 2.68% |
Trend analysis of Corsair Gaming balance sheet accounts such as Total Current Liabilities of 347.2 M, Other Liabilities of 30.9 M or Net Tangible Assets of 72.3 M provides information on Corsair Gaming's total assets, liabilities, and equity, which is the actual value of Corsair Gaming to its prevalent stockholders. By breaking down trends over time using Corsair Gaming 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 Corsair Gaming 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 Corsair Gaming is a good buy for the upcoming year.
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About Corsair Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Corsair Gaming at a specified time, usually calculated after every quarter, six months, or one year. Corsair Gaming Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Corsair Gaming 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 Corsair currently owns. An asset can also be divided into two categories, current and non-current.
Corsair Gaming Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Corsair Gaming balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Corsair Gaming 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.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Accounts Payable
An accounting item on the balance sheet that represents Corsair Gaming obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Corsair Gaming are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most accounts from Corsair Gaming's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Corsair Gaming 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 Corsair Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. To learn how to invest in Corsair Stock, please use our How to Invest in Corsair Gaming guide.At this time, Corsair Gaming's Non Current Assets Total are relatively stable compared to the past year. As of 11/13/2024, Long Term Debt is likely to grow to about 250.7 M, while Total Current Liabilities is likely to drop slightly above 347.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Current Liabilities | 446.7M | 343.0M | 418.5M | 347.2M | Other Current Liabilities | 199.2M | 158.2M | 149.2M | 122.4M |
Corsair Gaming balance sheet Correlations
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Corsair Gaming Account Relationship Matchups
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Corsair Gaming balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 111.3M | 205.7M | 199.2M | 158.2M | 149.2M | 122.4M | |
Total Current Liabilities | 299.9M | 505.4M | 446.7M | 343.0M | 418.5M | 347.2M | |
Other Liab | 39.6M | 32.4M | 25.7M | 21.2M | 24.4M | 30.9M | |
Net Tangible Assets | (387.0M) | (134.7M) | 25.4M | 59.8M | 68.8M | 72.3M | |
Retained Earnings | (106.0M) | (2.8M) | 98.1M | 37.2M | 40.4M | 42.4M | |
Accounts Payable | 182.0M | 299.6M | 236.1M | 172.0M | 240.0M | 208.1M | |
Other Assets | 10.8M | 34.6M | 72.0M | 30.3M | 1.0 | 0.95 | |
Net Receivables | 202.3M | 293.6M | 291.3M | 235.7M | 253.3M | 220.0M | |
Inventory | 151.1M | 226.0M | 298.3M | 192.7M | 240.2M | 201.3M | |
Other Current Assets | 24.7M | 38.0M | 51.0M | 40.6M | 39.8M | 29.6M | |
Other Stockholder Equity | 325.0M | 438.7M | 470.4M | 593.5M | 630.6M | 373.8M | |
Total Current Assets | 429.8M | 691.0M | 705.8M | 622.8M | 711.6M | 545.3M | |
Property Plant Equipment | 15.4M | 16.5M | 16.8M | 80.1M | 92.1M | 96.7M | |
Total Assets | 1.1B | 1.3B | 1.3B | 1.3B | 1.4B | 1.3B | |
Short Long Term Debt Total | 505.8M | 339.0M | 308.3M | 295.2M | 246.5M | 282.3M | |
Total Stockholder Equity | 216.8M | 437.4M | 568.2M | 623.8M | 667.6M | 490.7M | |
Property Plant And Equipment Net | 15.4M | 16.5M | 16.8M | 34.9M | 68.5M | 72.0M | |
Current Deferred Revenue | 4.2M | (9.1M) | 6.7M | 6.3M | 7.4M | 7.8M | |
Net Debt | 457.6M | 205.6M | 243.1M | 141.3M | 70.9M | 67.3M | |
Cash | 48.2M | 133.3M | 65.1M | 153.8M | 175.6M | 110.3M | |
Non Current Assets Total | 629.9M | 623.1M | 631.6M | 674.5M | 645.9M | 678.3M | |
Non Currrent Assets Other | 10.8M | 29.6M | 72.0M | 51.7M | 6.6M | 6.3M | |
Long Term Debt | 503.4M | 321.4M | 242.9M | 232.2M | 186.0M | 250.7M | |
Cash And Short Term Investments | 48.2M | 133.3M | 65.1M | 153.8M | 175.6M | 110.3M | |
Good Will | 312.8M | 312.8M | 317.1M | 347.7M | 354.7M | 343.1M | |
Liabilities And Stockholders Equity | 1.1B | 1.3B | 1.3B | 1.3B | 1.4B | 1.3B | |
Non Current Liabilities Total | 543.0M | 371.3M | 322.5M | 298.8M | 245.0M | 294.6M | |
Total Liab | 842.9M | 876.7M | 769.2M | 641.8M | 663.5M | 592.3M | |
Net Invested Capital | 722.6M | 758.8M | 815.8M | 862.5M | 865.8M | 845.3M | |
Property Plant And Equipment Gross | 15.4M | 16.5M | 16.8M | 112.6M | 104.2M | 109.4M | |
Accumulated Other Comprehensive Income | (2.2M) | 1.5M | (340K) | (6.9M) | (3.5M) | (3.7M) | |
Non Current Liabilities Other | 5.7M | 20.2M | 53.9M | 48.6M | 3.0M | 2.9M | |
Net Working Capital | 129.9M | 185.6M | 259.0M | 279.8M | 293.1M | 228.2M | |
Short Term Debt | 2.4M | 9.1M | 4.8M | 6.5M | 21.9M | 23.0M |
Pair Trading with Corsair Gaming
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 Corsair Gaming 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 Corsair Gaming will appreciate offsetting losses from the drop in the long position's value.Moving against Corsair Stock
The ability to find closely correlated positions to Corsair Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corsair Gaming 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 Corsair Gaming - 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 Corsair Gaming to buy it.
The correlation of Corsair Gaming 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 Corsair Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corsair Gaming 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 Corsair Gaming 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.Additional Tools for Corsair Stock Analysis
When running Corsair Gaming's price analysis, check to measure Corsair Gaming'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 Corsair Gaming is operating at the current time. Most of Corsair Gaming's value examination focuses on studying past and present price action to predict the probability of Corsair Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corsair Gaming's price. Additionally, you may evaluate how the addition of Corsair Gaming to your portfolios can decrease your overall portfolio volatility.