Altamira Non Current Assets Total vs Non Currrent Assets Other Analysis

ALTA Stock  CAD 0.12  0.01  9.09%   
Altamira Gold financial indicator trend analysis is way more than just evaluating Altamira Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altamira Gold Corp is a good investment. Please check the relationship between Altamira Gold Non Current Assets Total and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altamira Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Non Current Assets Total vs Non Currrent Assets Other

Non Current Assets Total vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altamira Gold Corp Non Current Assets Total account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Altamira Gold's Non Current Assets Total and Non Currrent Assets Other is 0.61. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Altamira Gold Corp, assuming nothing else is changed. The correlation between historical values of Altamira Gold's Non Current Assets Total and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Altamira Gold Corp are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Non Current Assets Total i.e., Altamira Gold's Non Current Assets Total and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Altamira Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altamira Gold Corp 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 Altamira Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
At this time, Altamira Gold's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 106.3 K in 2024.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation9.4K10.2K11.3K13.5K
Interest Income15.2K51.4K72.8K76.4K

Altamira Gold fundamental ratios Correlations

0.490.630.791.00.57-0.58-0.920.730.840.630.140.56-0.20.640.16-0.07-0.40.850.84-0.250.670.660.720.980.7
0.490.00.070.50.56-0.47-0.58-0.070.660.19-0.310.47-0.230.320.47-0.5-0.130.240.65-0.30.480.610.720.590.63
0.630.00.640.63-0.13-0.51-0.470.720.570.490.620.48-0.040.54-0.480.42-0.460.520.580.190.460.03-0.060.56-0.08
0.790.070.640.780.3-0.36-0.60.950.60.460.210.34-0.140.41-0.10.06-0.430.960.60.150.290.380.430.710.44
1.00.50.630.780.57-0.58-0.930.720.840.630.140.56-0.20.640.16-0.07-0.40.840.84-0.260.680.660.720.980.7
0.570.56-0.130.30.57-0.26-0.530.130.390.47-0.420.26-0.370.280.67-0.51-0.380.520.37-0.450.380.840.870.650.89
-0.58-0.47-0.51-0.36-0.58-0.260.36-0.32-0.79-0.75-0.54-1.00.26-0.80.36-0.390.57-0.38-0.780.12-0.65-0.2-0.36-0.56-0.25
-0.92-0.58-0.47-0.6-0.93-0.530.36-0.56-0.75-0.390.07-0.340.08-0.47-0.390.250.1-0.68-0.750.39-0.61-0.68-0.73-0.92-0.72
0.73-0.070.720.950.720.13-0.32-0.560.550.410.30.29-0.010.43-0.210.18-0.290.850.550.170.230.20.250.620.27
0.840.660.570.60.840.39-0.79-0.750.550.470.140.77-0.150.59-0.040.0-0.320.611.0-0.180.550.370.60.810.49
0.630.190.490.460.630.47-0.75-0.390.410.470.610.76-0.370.88-0.180.39-0.750.550.46-0.190.790.50.420.640.43
0.14-0.310.620.210.14-0.42-0.540.070.30.140.610.55-0.040.66-0.790.86-0.440.10.140.210.47-0.24-0.350.08-0.36
0.560.470.480.340.560.26-1.0-0.340.290.770.760.55-0.270.81-0.360.39-0.580.360.76-0.110.670.210.360.550.26
-0.2-0.23-0.04-0.14-0.2-0.370.260.08-0.01-0.15-0.37-0.04-0.27-0.260.010.170.54-0.26-0.12-0.16-0.32-0.36-0.34-0.28-0.33
0.640.320.540.410.640.28-0.8-0.470.430.590.880.660.81-0.26-0.270.36-0.560.470.58-0.050.870.40.390.640.36
0.160.47-0.48-0.10.160.670.36-0.39-0.21-0.04-0.18-0.79-0.360.01-0.27-0.710.310.09-0.04-0.58-0.030.650.580.240.63
-0.07-0.50.420.06-0.07-0.51-0.390.250.180.00.390.860.390.170.36-0.71-0.13-0.110.01-0.040.11-0.48-0.54-0.19-0.55
-0.4-0.13-0.46-0.43-0.4-0.380.570.1-0.29-0.32-0.75-0.44-0.580.54-0.560.31-0.13-0.52-0.3-0.3-0.56-0.39-0.28-0.46-0.28
0.850.240.520.960.840.52-0.38-0.680.850.610.550.10.36-0.260.470.09-0.11-0.520.610.060.420.620.630.820.66
0.840.650.580.60.840.37-0.78-0.750.551.00.460.140.76-0.120.58-0.040.01-0.30.61-0.180.540.350.580.810.48
-0.25-0.30.190.15-0.26-0.450.120.390.17-0.18-0.190.21-0.11-0.16-0.05-0.58-0.04-0.30.06-0.18-0.15-0.34-0.35-0.25-0.35
0.670.480.460.290.680.38-0.65-0.610.230.550.790.470.67-0.320.87-0.030.11-0.560.420.54-0.150.630.530.740.52
0.660.610.030.380.660.84-0.2-0.680.20.370.5-0.240.21-0.360.40.65-0.48-0.390.620.35-0.340.630.870.760.91
0.720.72-0.060.430.720.87-0.36-0.730.250.60.42-0.350.36-0.340.390.58-0.54-0.280.630.58-0.350.530.870.790.99
0.980.590.560.710.980.65-0.56-0.920.620.810.640.080.55-0.280.640.24-0.19-0.460.820.81-0.250.740.760.790.78
0.70.63-0.080.440.70.89-0.25-0.720.270.490.43-0.360.26-0.330.360.63-0.55-0.280.660.48-0.350.520.910.990.78
Click cells to compare fundamentals

Altamira Gold Account Relationship Matchups

Altamira Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets12.1M11.8M15.4M19.8M19.5M25.0M
Other Current Liab86.4K88.5K142.0K101.4K84.7K672.8K
Total Current Liabilities289.0K175.0K284.4K365.4K529.4K712.3K
Total Stockholder Equity11.7M11.4M15.0M19.3M18.8M24.2M
Retained Earnings(25.2M)(26.3M)(29.0M)(30.6M)(32.4M)(34.0M)
Accounts Payable120.7K85.1K142.5K264.1K444.7K662.1K
Cash1.1M123.7K4.0M5.5M1.6M4.7M
Net Receivables27.8K7.0K15.9K18.4K33.6K64.1K
Non Current Liabilities Total157.7K148.5K149.8K92.0K197.3K0.0
Other Stockholder Equity3.5M3.8M4.4M5.0M5.7M174.7K
Total Liab446.7K323.6K434.2K457.4K726.7K712.3K
Total Current Assets1.1M139.3K4.1M5.6M1.6M4.9M
Other Liab157.7K148.5K149.8K92.0K197.3K57.4K
Net Tangible Assets11.7M11.4M15.0M19.3M18.8M566.9K
Common Stock33.4M34.4M41.6M46.5M46.6M52.6M
Property Plant Equipment10.9M11.5M11.3M14.2M17.9M648.4K

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