Clean Total Current Assets vs Long Term Debt Analysis

AIR Stock

0.06 0.01 10.00%

Clean Air financial indicator trend analysis is way more than just evaluating Clean Air Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clean Air Metals is a good investment. Please check the relationship between Clean Air Total Current Assets and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clean Air Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Current Assets vs Long Term Debt

Total Current Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clean Air Metals Total Current Assets account and Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Clean Air's Total Current Assets and Long Term Debt is -0.65. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Clean Air Metals, assuming nothing else is changed. The correlation between historical values of Clean Air's Total Current Assets and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Clean Air Metals are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Current Assets i.e., Clean Air's Total Current Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.65

Relationship Direction	Negative
Relationship Strength	Weak

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Long Term Debt

Long-term debt is a debt that Clean Air Metals has held for over one year. Long-term debt appears on Clean Air Metals balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Clean Air Metals balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Clean Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clean Air Metals current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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 Clean Air Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Clean Air's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 13.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.4 M in 2024.

Clean Air fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Other Stockholder Equity	Total Current Assets	Common Stock	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Short Long Term Debt	Capital Stock	Net Working Capital	Short Term Debt	Other Current Assets	Current Deferred Revenue	Long Term Debt	Property Plant Equipment
Other Current Liab		0.83	0.75	-0.89	-0.07	-0.08	0.8	0.35	0.63	0.54	-0.11	0.55	-0.67	0.49	0.74	0.46	0.5	0.53	0.5	0.64	0.2	-0.11	-0.86	0.69	-0.64	0.69
Total Current Liabilities	0.83		0.88	-0.84	0.44	0.0	0.82	0.45	0.79	0.78	0.41	0.77	-0.46	0.54	0.71	0.36	0.82	0.78	0.79	0.82	0.17	0.44	-0.83	0.8	-0.77	0.83
Net Tangible Assets	0.75	0.88		-0.94	0.48	0.46	0.98	0.78	0.93	0.95	0.3	0.95	-0.73	0.79	0.88	0.63	0.91	0.95	0.91	0.98	0.58	0.31	-0.94	0.94	-0.91	0.91
Retained Earnings	-0.89	-0.84	-0.94		-0.23	-0.35	-0.96	-0.66	-0.8	-0.8	-0.03	-0.81	0.81	-0.7	-0.88	-0.6	-0.73	-0.79	-0.72	-0.88	-0.53	-0.03	0.98	-0.9	0.84	-0.85
Accounts Payable	-0.07	0.44	0.48	-0.23		0.4	0.35	0.33	0.51	0.64	0.65	0.64	0.13	0.19	0.1	0.17	0.69	0.66	0.64	0.58	0.11	0.75	-0.3	0.57	-0.61	0.6
Net Receivables	-0.08	0.0	0.46	-0.35	0.4		0.45	0.79	0.48	0.59	0.03	0.6	-0.55	0.6	0.44	0.52	0.46	0.58	0.49	0.55	0.86	0.02	-0.37	0.48	-0.51	0.38
Other Stockholder Equity	0.8	0.82	0.98	-0.96	0.35	0.45		0.74	0.89	0.9	0.13	0.9	-0.79	0.75	0.88	0.75	0.81	0.89	0.82	0.94	0.59	0.13	-0.97	0.93	-0.9	0.9
Total Current Assets	0.35	0.45	0.78	-0.66	0.33	0.79	0.74		0.8	0.84	0.29	0.85	-0.83	0.96	0.86	0.56	0.79	0.84	0.82	0.83	0.93	0.24	-0.64	0.63	-0.65	0.57
Common Stock	0.63	0.79	0.93	-0.8	0.51	0.48	0.89	0.8		0.96	0.32	0.97	-0.68	0.8	0.8	0.69	0.9	0.96	0.95	0.96	0.56	0.34	-0.86	0.87	-0.91	0.9
Total Assets	0.54	0.78	0.95	-0.8	0.64	0.59	0.9	0.84	0.96		0.44	1.0	-0.64	0.81	0.8	0.63	0.96	1.0	0.98	0.99	0.63	0.46	-0.83	0.89	-0.91	0.89
Short Long Term Debt Total	-0.11	0.41	0.3	-0.03	0.65	0.03	0.13	0.29	0.32	0.44		0.42	0.14	0.34	0.21	-0.17	0.64	0.47	0.58	0.37	0.08	0.98	0.02	0.12	-0.14	0.17
Total Stockholder Equity	0.55	0.77	0.95	-0.81	0.64	0.6	0.9	0.85	0.97	1.0	0.42		-0.65	0.81	0.8	0.65	0.96	1.0	0.97	0.99	0.64	0.44	-0.84	0.9	-0.92	0.89
Net Debt	-0.67	-0.46	-0.73	0.81	0.13	-0.55	-0.79	-0.83	-0.68	-0.64	0.14	-0.65		-0.87	-0.92	-0.63	-0.53	-0.63	-0.58	-0.7	-0.83	0.21	0.75	-0.6	0.57	-0.51
Cash	0.49	0.54	0.79	-0.7	0.19	0.6	0.75	0.96	0.8	0.81	0.34	0.81	-0.87		0.94	0.53	0.79	0.81	0.82	0.81	0.87	0.26	-0.64	0.57	-0.58	0.52
Cash And Short Term Investments	0.74	0.71	0.88	-0.88	0.1	0.44	0.88	0.86	0.8	0.8	0.21	0.8	-0.92	0.94		0.55	0.77	0.8	0.78	0.84	0.76	0.15	-0.81	0.69	-0.65	0.63
Common Stock Shares Outstanding	0.46	0.36	0.63	-0.6	0.17	0.52	0.75	0.56	0.69	0.63	-0.17	0.65	-0.63	0.53	0.55		0.44	0.62	0.52	0.65	0.52	-0.19	-0.69	0.67	-0.7	0.65
Total Liab	0.5	0.82	0.91	-0.73	0.69	0.46	0.81	0.79	0.9	0.96	0.64	0.96	-0.53	0.79	0.77	0.44		0.97	0.99	0.95	0.54	0.65	-0.73	0.8	-0.81	0.81
Net Invested Capital	0.53	0.78	0.95	-0.79	0.66	0.58	0.89	0.84	0.96	1.0	0.47	1.0	-0.63	0.81	0.8	0.62	0.97		0.98	0.99	0.62	0.49	-0.82	0.88	-0.9	0.88
Short Long Term Debt	0.5	0.79	0.91	-0.72	0.64	0.49	0.82	0.82	0.95	0.98	0.58	0.97	-0.58	0.82	0.78	0.52	0.99	0.98		0.95	0.58	0.59	-0.74	0.8	-0.83	0.81
Capital Stock	0.64	0.82	0.98	-0.88	0.58	0.55	0.94	0.83	0.96	0.99	0.37	0.99	-0.7	0.81	0.84	0.65	0.95	0.99	0.95		0.62	0.38	-0.89	0.93	-0.93	0.91
Net Working Capital	0.2	0.17	0.58	-0.53	0.11	0.86	0.59	0.93	0.56	0.63	0.08	0.64	-0.83	0.87	0.76	0.52	0.54	0.62	0.58	0.62		0.01	-0.47	0.44	-0.44	0.33
Short Term Debt	-0.11	0.44	0.31	-0.03	0.75	0.02	0.13	0.24	0.34	0.46	0.98	0.44	0.21	0.26	0.15	-0.19	0.65	0.49	0.59	0.38	0.01		-0.01	0.19	-0.21	0.24
Other Current Assets	-0.86	-0.83	-0.94	0.98	-0.3	-0.37	-0.97	-0.64	-0.86	-0.83	0.02	-0.84	0.75	-0.64	-0.81	-0.69	-0.73	-0.82	-0.74	-0.89	-0.47	-0.01		-0.95	0.92	-0.92
Current Deferred Revenue	0.69	0.8	0.94	-0.9	0.57	0.48	0.93	0.63	0.87	0.89	0.12	0.9	-0.6	0.57	0.69	0.67	0.8	0.88	0.8	0.93	0.44	0.19	-0.95		-0.99	0.98
Long Term Debt	-0.64	-0.77	-0.91	0.84	-0.61	-0.51	-0.9	-0.65	-0.91	-0.91	-0.14	-0.92	0.57	-0.58	-0.65	-0.7	-0.81	-0.9	-0.83	-0.93	-0.44	-0.21	0.92	-0.99		-0.99
Property Plant Equipment	0.69	0.83	0.91	-0.85	0.6	0.38	0.9	0.57	0.9	0.89	0.17	0.89	-0.51	0.52	0.63	0.65	0.81	0.88	0.81	0.91	0.33	0.24	-0.92	0.98	-0.99

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Clean Air Account Relationship Matchups

Clean Air fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	394.7K	230.8K	393.9K	240.7K	3.3M	3.5M
Total Current Liabilities	693.1K	1.9M	3.0M	623.7K	3.5M	3.7M
Net Tangible Assets	1.3M	23.2M	31.0M	38.9M	44.7M	46.9M
Retained Earnings	(75.5M)	(76.7M)	(78.9M)	(83.7M)	(87.1M)	(91.4M)
Accounts Payable	47.1K	230.8K	855.4K	368.6K	51.5K	48.9K
Net Receivables	67.5K	561.9K	469.1K	5.2M	120.8K	114.8K
Other Stockholder Equity	234.7K	6.7M	9.1M	14.0M	16.1M	17.0M
Total Current Assets	2.0M	7.6M	1.3M	12.3M	6.7M	4.2M
Common Stock	73.6M	93.3M	100.8M	108.5M	124.8M	92.8M
Total Assets	2.0M	27.1M	35.1M	42.3M	39.2M	26.8M
Short Long Term Debt Total	251.3K	3.7M	2.6M	26.5K	30.4K	28.9K
Total Stockholder Equity	1.3M	23.2M	31.0M	38.9M	35.7M	24.0M
Net Debt	(1.3M)	(3.0M)	2.0M	(6.8M)	(6.2M)	(5.9M)
Cash	1.5M	6.7M	542.6K	6.9M	5.9M	4.1M
Cash And Short Term Investments	1.5M	6.7M	542.6K	6.9M	7.9M	8.3M
Common Stock Shares Outstanding	23.6M	106.5M	131.7M	219.6M	224.0M	152.5M
Liabilities And Stockholders Equity	2.0M	27.1M	35.1M	42.3M	48.6M	51.1M
Total Liab	693.1K	3.9M	4.0M	3.4M	3.5M	2.9M
Net Invested Capital	1.5M	26.9M	33.6M	38.9M	35.7M	25.2M
Accumulated Other Comprehensive Income	2.9M	6.7M	9.1M	14.0M	16.1M	17.0M
Capital Stock	73.6M	93.3M	100.8M	108.5M	108.7M	102.1M
Net Working Capital	1.3M	5.7M	(1.6M)	11.7M	3.2M	3.8M
Short Term Debt	251.3K	1.7M	1.7M	14.3K	16.5K	15.7K

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