Altiplano Other Current Assets vs Total Current Liabilities Analysis
APN Stock | CAD 0.04 0.01 10.00% |
Altiplano Metals financial indicator trend analysis is way more than just evaluating Altiplano Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altiplano Metals is a good investment. Please check the relationship between Altiplano Metals Other Current Assets and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altiplano 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.
Other Current Assets vs Total Current Liabilities
Other Current Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altiplano Metals Other Current Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Altiplano Metals' Other Current Assets and Total Current Liabilities is 0.62. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Altiplano Metals, assuming nothing else is changed. The correlation between historical values of Altiplano Metals' Other Current Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Altiplano Metals are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Current Assets i.e., Altiplano Metals' Other Current Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Total Current Liabilities
Total Current Liabilities is an item on Altiplano Metals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Altiplano Metals 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.Most indicators from Altiplano Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altiplano 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 Altiplano 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, Altiplano Metals' Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 15 M in 2024, whereas Selling General Administrative is likely to drop slightly above 299.9 K in 2024.
Altiplano Metals fundamental ratios Correlations
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Altiplano Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Altiplano Metals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.1M | 10.9M | 12.0M | 13.1M | 13.9M | 14.6M | |
Total Current Liabilities | 647.0K | 1.2M | 869.1K | 2.4M | 2.7M | 2.9M | |
Total Stockholder Equity | 6.4M | 8.5M | 10.8M | 10.5M | 10.2M | 10.7M | |
Property Plant And Equipment Net | 6.5M | 8.0M | 9.7M | 11.9M | 5.0M | 4.5M | |
Net Debt | (29.8K) | (226.9K) | (668.0K) | 721.9K | 715.2K | 751.0K | |
Retained Earnings | (6.7M) | (7.5M) | (9.8M) | (11.5M) | (12.4M) | (11.8M) | |
Cash | 29.8K | 1.9M | 1.5M | 118.8K | 455.5K | 598.9K | |
Non Current Assets Total | 6.6M | 8.0M | 10.1M | 12.4M | 12.9M | 13.5M | |
Cash And Short Term Investments | 29.8K | 1.9M | 1.5M | 118.8K | 455.5K | 598.9K | |
Net Receivables | 409.7K | 362.2K | 305.8K | 194.0K | 257.1K | 179.2K | |
Liabilities And Stockholders Equity | 7.1M | 10.9M | 12.0M | 13.1M | 13.9M | 14.6M | |
Other Stockholder Equity | 1.3M | 1.5M | 2.2M | 18.6K | 21.3K | 20.3K | |
Total Liab | 647.0K | 2.3M | 1.3M | 2.6M | 3.7M | 3.9M | |
Total Current Assets | 485.9K | 2.9M | 2.0M | 676.6K | 993.7K | 920.0K | |
Non Currrent Assets Other | 6.9M | 6.6M | 333.9K | 593.2K | 7.9M | 8.3M | |
Common Stock Shares Outstanding | 67.3M | 77.6M | 108.1M | 114.9M | 121.6M | 127.7M | |
Accumulated Other Comprehensive Income | (377.5K) | (318.1K) | (365.3K) | 2.2M | 1.7M | 1.8M | |
Net Tangible Assets | 6.4M | 8.5M | 10.8M | 10.5M | 12.1M | 12.7M | |
Accounts Payable | 584.9K | 542.3K | 405.3K | 1.7M | 1.9M | 2.0M | |
Other Current Assets | 46.5K | 639.6K | 219.4K | 363.9K | 281.1K | 180.2K | |
Common Stock | 12.2M | 14.8M | 18.8M | 19.8M | 20.9M | 11.2M | |
Property Plant Equipment | 6.5M | 8.0M | 9.7M | 11.9M | 13.6M | 14.3M | |
Other Current Liab | 62.1K | 164.8K | 75.1K | 1.4M | 2.3M | 2.5M | |
Long Term Investments | 73.7K | 2.9K | 2.1K | 625.0 | 562.5 | 534.38 | |
Net Invested Capital | 6.4M | 9.3M | 10.8M | 10.6M | 12.2M | 8.7M | |
Net Working Capital | (161.0K) | 1.7M | 1.1M | (1.7M) | (1.5M) | (1.5M) | |
Capital Stock | 12.2M | 14.8M | 18.8M | 19.8M | 22.7M | 17.0M |
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