AKITA Historical Balance Sheet

AKT-A Stock

CAD 2.31 0.27 13.24%

Trend analysis of AKITA Drilling balance sheet accounts such as Other Current Liab of 9.3 M, Total Current Liabilities of 24.9 M or Total Stockholder Equity of 160.7 M provides information on AKITA Drilling's total assets, liabilities, and equity, which is the actual value of AKITA Drilling to its prevalent stockholders. By breaking down trends over time using AKITA Drilling 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

Housing Crash

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

AKITA Drilling Inventory

0.86

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AKITA Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

About AKITA Balance Sheet Analysis

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

AKITA Drilling Balance Sheet Chart

At this time, AKITA Drilling's Property Plant Equipment is comparatively stable compared to the past year. Long Term Debt is likely to gain to about 59.4 M in 2025, whereas Total Current Liabilities is likely to drop slightly above 24.9 M in 2025.

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 AKITA Drilling 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 AKITA Drilling 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 AKITA Drilling balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of AKITA Drilling 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 AKITA Drilling's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into AKITA Drilling 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 AKITA Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

	2022	2023	2024	2025 (projected)
Other Current Liabilities	17.2M	13.9M	16.0M	9.3M
Total Assets	268.3M	263.6M	268.8M	219.9M

Other Current Liab Total Assets

AKITA Drilling balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Short Term Debt	Current Deferred Revenue	Short Term Investments	Common Stock	Other Liab	Net Tangible Assets
Total Assets		0.63	0.61	0.88	0.97	0.39	0.36	0.0	-0.23	0.97	0.31	-0.24	0.52	0.21	0.52	0.42	-0.77	0.65	0.33	0.12	0.09	0.73	-0.75	0.33	-0.02	0.3
Other Current Liab	0.63		0.88	0.53	0.48	0.07	0.31	0.39	0.13	0.48	0.12	0.07	0.87	-0.01	0.17	0.11	-0.57	0.43	0.73	-0.03	0.04	0.6	-0.46	0.08	0.09	0.18
Total Current Liabilities	0.61	0.88		0.46	0.48	0.2	0.18	0.59	-0.03	0.48	0.23	-0.03	0.83	0.13	0.22	0.09	-0.42	0.52	0.65	0.04	0.1	0.49	-0.39	0.2	-0.05	0.06
Total Stockholder Equity	0.88	0.53	0.46		0.82	-0.06	0.74	-0.18	-0.06	0.84	0.58	-0.06	0.45	-0.23	0.07	0.07	-0.81	0.21	0.34	-0.29	0.29	0.68	-0.69	-0.12	0.36	0.54
Property Plant And Equipment Net	0.97	0.48	0.48	0.82		0.49	0.29	-0.16	-0.4	1.0	0.25	-0.43	0.31	0.27	0.6	0.53	-0.68	0.68	0.09	0.23	0.13	0.63	-0.68	0.39	-0.05	0.32
Net Debt	0.39	0.07	0.2	-0.06	0.49		-0.67	0.1	-0.57	0.47	-0.46	-0.54	-0.03	0.86	0.95	0.78	0.03	0.9	-0.21	0.86	-0.33	0.17	-0.24	0.92	-0.76	-0.35
Retained Earnings	0.36	0.31	0.18	0.74	0.29	-0.67		-0.3	0.21	0.32	0.76	0.16	0.25	-0.76	-0.56	-0.39	-0.55	-0.43	0.25	-0.74	0.52	0.28	-0.24	-0.75	0.84	0.7
Accounts Payable	0.0	0.39	0.59	-0.18	-0.16	0.1	-0.3		0.3	-0.15	-0.06	0.32	0.64	0.37	0.11	-0.2	-0.02	0.29	0.61	0.07	-0.38	0.22	-0.12	0.29	-0.41	-0.56
Cash	-0.23	0.13	-0.03	-0.06	-0.4	-0.57	0.21	0.3		-0.39	0.12	0.94	0.31	-0.3	-0.4	-0.35	-0.17	-0.36	0.61	-0.6	0.06	0.03	-0.01	-0.38	0.28	-0.01
Non Current Assets Total	0.97	0.48	0.48	0.84	1.0	0.47	0.32	-0.15	-0.39		0.29	-0.41	0.31	0.24	0.57	0.5	-0.7	0.66	0.09	0.2	0.13	0.63	-0.69	0.36	-0.03	0.32
Non Currrent Assets Other	0.31	0.12	0.23	0.58	0.25	-0.46	0.76	-0.06	0.12	0.29		0.13	0.1	-0.52	-0.42	-0.41	-0.46	-0.29	0.11	-0.66	0.42	0.22	-0.27	-0.58	0.56	0.35
Cash And Short Term Investments	-0.24	0.07	-0.03	-0.06	-0.43	-0.54	0.16	0.32	0.94	-0.41	0.13		0.32	-0.3	-0.44	-0.41	-0.11	-0.39	0.65	-0.6	-0.08	0.08	-0.06	-0.34	0.17	-0.09
Net Receivables	0.52	0.87	0.83	0.45	0.31	-0.03	0.25	0.64	0.31	0.31	0.1	0.32		0.04	0.08	-0.1	-0.52	0.34	0.92	-0.09	-0.12	0.6	-0.49	0.09	-0.03	-0.03
Common Stock Shares Outstanding	0.21	-0.01	0.13	-0.23	0.27	0.86	-0.76	0.37	-0.3	0.24	-0.52	-0.3	0.04		0.86	0.57	-0.01	0.8	-0.09	0.78	-0.47	0.2	-0.25	0.93	-0.86	-0.63
Non Current Liabilities Total	0.52	0.17	0.22	0.07	0.6	0.95	-0.56	0.11	-0.4	0.57	-0.42	-0.44	0.08	0.86		0.82	-0.17	0.95	-0.1	0.78	-0.34	0.29	-0.36	0.92	-0.68	-0.3
Other Current Assets	0.42	0.11	0.09	0.07	0.53	0.78	-0.39	-0.2	-0.35	0.5	-0.41	-0.41	-0.1	0.57	0.82		0.0	0.75	-0.21	0.63	-0.11	-0.02	-0.05	0.68	-0.33	0.12
Other Stockholder Equity	-0.77	-0.57	-0.42	-0.81	-0.68	0.03	-0.55	-0.02	-0.17	-0.7	-0.46	-0.11	-0.52	-0.01	-0.17	0.0		-0.29	-0.44	0.16	-0.1	-0.87	0.89	0.01	-0.09	-0.09
Total Liab	0.65	0.43	0.52	0.21	0.68	0.9	-0.43	0.29	-0.36	0.66	-0.29	-0.39	0.34	0.8	0.95	0.75	-0.29		0.13	0.7	-0.26	0.41	-0.45	0.87	-0.61	-0.25
Total Current Assets	0.33	0.73	0.65	0.34	0.09	-0.21	0.25	0.61	0.61	0.09	0.11	0.65	0.92	-0.09	-0.1	-0.21	-0.44	0.13		-0.32	-0.15	0.53	-0.42	-0.06	0.03	-0.03
Short Long Term Debt Total	0.12	-0.03	0.04	-0.29	0.23	0.86	-0.74	0.07	-0.6	0.2	-0.66	-0.6	-0.09	0.78	0.78	0.63	0.16	0.7	-0.32		-0.31	0.0	-0.07	0.83	-0.78	-0.47
Short Term Debt	0.09	0.04	0.1	0.29	0.13	-0.33	0.52	-0.38	0.06	0.13	0.42	-0.08	-0.12	-0.47	-0.34	-0.11	-0.1	-0.26	-0.15	-0.31		-0.25	0.14	-0.46	0.6	0.6
Current Deferred Revenue	0.73	0.6	0.49	0.68	0.63	0.17	0.28	0.22	0.03	0.63	0.22	0.08	0.6	0.2	0.29	-0.02	-0.87	0.41	0.53	0.0	-0.25		-0.95	0.21	-0.23	-0.15
Short Term Investments	-0.75	-0.46	-0.39	-0.69	-0.68	-0.24	-0.24	-0.12	-0.01	-0.69	-0.27	-0.06	-0.49	-0.25	-0.36	-0.05	0.89	-0.45	-0.42	-0.07	0.14	-0.95		-0.27	0.29	0.19
Common Stock	0.33	0.08	0.2	-0.12	0.39	0.92	-0.75	0.29	-0.38	0.36	-0.58	-0.34	0.09	0.93	0.92	0.68	0.01	0.87	-0.06	0.83	-0.46	0.21	-0.27		-0.84	-0.49
Other Liab	-0.02	0.09	-0.05	0.36	-0.05	-0.76	0.84	-0.41	0.28	-0.03	0.56	0.17	-0.03	-0.86	-0.68	-0.33	-0.09	-0.61	0.03	-0.78	0.6	-0.23	0.29	-0.84		0.83
Net Tangible Assets	0.3	0.18	0.06	0.54	0.32	-0.35	0.7	-0.56	-0.01	0.32	0.35	-0.09	-0.03	-0.63	-0.3	0.12	-0.09	-0.25	-0.03	-0.47	0.6	-0.15	0.19	-0.49	0.83

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AKITA Drilling Account Relationship Matchups

AKITA Drilling balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	251.5M	247.6M	268.3M	263.6M	268.8M	219.9M
Other Current Liab	6.5M	13.8M	17.2M	13.9M	16.0M	9.3M
Total Current Liabilities	15.4M	23.7M	30.7M	32.0M	36.5M	24.9M
Total Stockholder Equity	152.3M	131.5M	137.9M	156.0M	171.5M	160.7M
Property Plant And Equipment Net	224.8M	213.3M	202.1M	198.0M	199.9M	158.4M
Net Debt	70.2M	86.7M	82.0M	59.2M	42.6M	44.7M
Retained Earnings	794K	(20.2M)	(15.9M)	2.5M	15.4M	14.6M
Accounts Payable	7.4M	7.0M	12.2M	16.8M	15.7M	9.0M
Cash	7.1M	1.8M	13.3M	11.2M	7.0M	6.7M
Non Current Assets Total	227.5M	217.4M	206.5M	204.5M	208.8M	162.6M
Non Currrent Assets Other	1.8M	1.7M	1.6M	1.4M	1.3M	2.5M
Cash And Short Term Investments	7.1M	1.8M	13.3M	11.2M	10.1M	16.2M
Net Receivables	15.1M	27.2M	46.9M	47.1M	52.7M	34.0M
Liabilities And Stockholders Equity	251.5M	247.6M	268.3M	263.6M	303.2M	217.5M
Non Current Liabilities Total	83.9M	92.4M	99.8M	75.7M	60.8M	34.3M
Other Current Assets	1.8M	1.2M	1.6M	812K	227K	215.7K
Other Stockholder Equity	5.2M	5.5M	5.7M	6.1M	5.5M	8.9M
Total Liab	99.3M	116.1M	130.4M	107.7M	97.3M	59.2M
Total Current Assets	24.1M	30.2M	61.8M	59.1M	60.0M	57.3M
Short Long Term Debt Total	77.3M	88.5M	95.3M	70.4M	81.0M	43.5M
Short Term Debt	1.0M	2.7M	990K	645K	580.5K	551.5K
Current Deferred Revenue	422K	282K	206K	627K	721.1K	757.1K
Accumulated Other Comprehensive Income	11K	(35K)	1.8M	1.0M	1.2M	1.3M
Other Liab	16.7M	7.6M	6.6M	5.5M	4.9M	4.7M
Net Tangible Assets	245.1M	152.3M	131.5M	137.9M	124.1M	152.3M
Other Assets	2.0M	1.8M	1.7M	1.6M	1.4M	1.6M
Property Plant Equipment	331.3M	224.8M	213.3M	202.1M	181.9M	194.1M
Net Invested Capital	226.6M	217.6M	231.4M	225.5M	221.1M	198.0M
Long Term Investments	887K	2.4M	2.9M	5.1M	7.6M	4.0M
Net Working Capital	8.7M	6.5M	31.1M	27.1M	23.5M	17.6M
Long Term Debt	74.3M	84.4M	93.5M	69.5M	49.6M	59.4M
Capital Lease Obligations	3.0M	2.3M	1.8M	873K	2.1M	1.6M
Property Plant And Equipment Gross	578.6M	591.2M	608.7M	612.1M	634.8M	661.4M

Pair Trading with AKITA Drilling

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 AKITA Drilling 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 AKITA Drilling will appreciate offsetting losses from the drop in the long position's value.

Moving against AKITA Stock

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Pair Corr

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

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

Additional Tools for AKITA Stock Analysis

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

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AKITA Historical Balance Sheet

AKITA Drilling Inventory

0.86

About AKITA Balance Sheet Analysis

AKITA Drilling Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

AKITA Drilling balance sheet Correlations

AKITA Drilling Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AKITA Drilling balance sheet Accounts

Pair Trading with AKITA Drilling

Moving against AKITA Stock

Additional Tools for AKITA Stock Analysis

COMMON DESTINATIONS

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Total Assets
Non Current Liabilities Total	+ 0.95	Net Debt
Total Liab	+ 0.95	Non Current Liabilities Total
Cash And Short Term Investments	+ 0.94	Cash

Short Term Investments	- 0.95	Current Deferred Revenue
Current Deferred Revenue	- 0.87	Other Stockholder Equity
Other Liab	- 0.86	Common Stock Shares Outstanding
Other Liab	- 0.84	Common Stock
Other Stockholder Equity	- 0.81	Total Stockholder Equity
Other Liab	- 0.78	Short Long Term Debt Total