Argo Net Working Capital vs Net Debt Analysis

ARB Stock

6.00 0.70 13.21%

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

Net Working Capital vs Net Debt

Net Working Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Argo Blockchain PLC Net Working Capital account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Argo Blockchain's Net Working Capital and Net Debt is 0.13. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of Argo Blockchain PLC, assuming nothing else is changed. The correlation between historical values of Argo Blockchain's Net Working Capital and Net 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 Net Working Capital of Argo Blockchain PLC are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Working Capital i.e., Argo Blockchain's Net Working Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

0.13

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Working Capital

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Argo Blockchain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argo Blockchain PLC 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 Argo Blockchain PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At present, Argo Blockchain's Selling General Administrative is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Total Revenue	100.1M	47.4M	73.0M	47.4M
Depreciation And Amortization	11.5M	23.4M	20.5M	11.8M

Total Revenue Depreciation And Amortization

Argo Blockchain fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	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 Total Equity	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets
Total Assets		0.74	0.98	0.9	0.91	0.96	0.73	0.08	0.95	0.02	0.95	0.98	0.91	0.92	0.28	0.58	0.95	0.99	0.73	0.85	1.0	0.71	0.94	0.47	0.73	0.96
Other Current Liab	0.74		0.85	0.41	0.44	0.86	0.9	-0.58	0.52	-0.16	0.87	0.68	0.44	0.48	0.81	0.85	0.51	0.72	0.9	0.9	0.76	0.9	0.51	0.88	0.13	0.56
Total Current Liabilities	0.98	0.85		0.81	0.83	0.99	0.85	-0.11	0.89	-0.07	0.99	0.94	0.82	0.84	0.46	0.72	0.88	0.97	0.84	0.93	0.98	0.83	0.87	0.65	0.59	0.91
Total Stockholder Equity	0.9	0.41	0.81		1.0	0.76	0.43	0.48	0.97	0.11	0.76	0.94	0.98	0.99	-0.08	0.24	0.99	0.92	0.43	0.58	0.89	0.4	0.99	0.14	0.93	0.97
Net Tangible Assets	0.91	0.44	0.83	1.0		0.77	0.45	0.45	0.97	0.13	0.77	0.95	0.99	1.0	-0.04	0.25	1.0	0.93	0.46	0.6	0.9	0.42	0.99	0.17	0.93	0.97
Property Plant And Equipment Net	0.96	0.86	0.99	0.76	0.77		0.9	-0.17	0.86	-0.12	1.0	0.89	0.77	0.77	0.48	0.79	0.83	0.93	0.88	0.96	0.96	0.88	0.81	0.67	0.52	0.87
Net Debt	0.73	0.9	0.85	0.43	0.45	0.9		-0.51	0.58	-0.29	0.91	0.63	0.45	0.45	0.73	0.97	0.53	0.7	0.95	0.97	0.75	0.98	0.51	0.89	0.13	0.6
Retained Earnings	0.08	-0.58	-0.11	0.48	0.45	-0.17	-0.51		0.33	0.17	-0.18	0.18	0.41	0.42	-0.79	-0.62	0.38	0.11	-0.55	-0.4	0.03	-0.57	0.37	-0.73	0.66	0.28
Accounts Payable	0.95	0.52	0.89	0.97	0.97	0.86	0.58	0.33		0.03	0.85	0.95	0.95	0.96	0.03	0.4	0.98	0.96	0.58	0.71	0.94	0.55	0.97	0.27	0.85	0.99
Cash	0.02	-0.16	-0.07	0.11	0.13	-0.12	-0.29	0.17	0.03		-0.16	0.05	0.28	0.14	-0.38	-0.44	0.09	0.02	-0.03	-0.08	0.07	-0.12	0.2	-0.22	0.41	0.15
Non Current Assets Total	0.95	0.87	0.99	0.76	0.77	1.0	0.91	-0.18	0.85	-0.16		0.89	0.76	0.77	0.51	0.8	0.83	0.93	0.87	0.95	0.95	0.87	0.81	0.69	0.5	0.86
Non Currrent Assets Other	0.98	0.68	0.94	0.94	0.95	0.89	0.63	0.18	0.95	0.05	0.89		0.94	0.96	0.22	0.44	0.97	0.99	0.64	0.76	0.97	0.6	0.96	0.4	0.79	0.96
Cash And Short Term Investments	0.91	0.44	0.82	0.98	0.99	0.77	0.45	0.41	0.95	0.28	0.76	0.94		0.98	-0.05	0.23	0.98	0.92	0.49	0.62	0.9	0.45	1.0	0.19	0.94	0.98
Net Receivables	0.92	0.48	0.84	0.99	1.0	0.77	0.45	0.42	0.96	0.14	0.77	0.96	0.98		0.01	0.25	0.99	0.94	0.47	0.61	0.9	0.42	0.99	0.2	0.92	0.96
Common Stock Total Equity	0.28	0.81	0.46	-0.08	-0.04	0.48	0.73	-0.79	0.03	-0.38	0.51	0.22	-0.05	0.01		0.78	0.04	0.26	0.68	0.62	0.3	0.71	0.02	0.92	-0.34	0.06
Common Stock Shares Outstanding	0.58	0.85	0.72	0.24	0.25	0.79	0.97	-0.62	0.4	-0.44	0.8	0.44	0.23	0.25	0.78		0.34	0.53	0.88	0.88	0.59	0.93	0.3	0.88	-0.09	0.41
Short Term Investments	0.95	0.51	0.88	0.99	1.0	0.83	0.53	0.38	0.98	0.09	0.83	0.97	0.98	0.99	0.04	0.34		0.96	0.53	0.67	0.93	0.49	0.99	0.25	0.89	0.98
Other Current Assets	0.99	0.72	0.97	0.92	0.93	0.93	0.7	0.11	0.96	0.02	0.93	0.99	0.92	0.94	0.26	0.53	0.96		0.7	0.81	0.99	0.67	0.95	0.45	0.75	0.97
Other Stockholder Equity	0.73	0.9	0.84	0.43	0.46	0.88	0.95	-0.55	0.58	-0.03	0.87	0.64	0.49	0.47	0.68	0.88	0.53	0.7		0.97	0.77	0.99	0.54	0.89	0.21	0.63
Total Liab	0.85	0.9	0.93	0.58	0.6	0.96	0.97	-0.4	0.71	-0.08	0.95	0.76	0.62	0.61	0.62	0.88	0.67	0.81	0.97		0.87	0.97	0.67	0.82	0.34	0.75
Net Invested Capital	1.0	0.76	0.98	0.89	0.9	0.96	0.75	0.03	0.94	0.07	0.95	0.97	0.9	0.9	0.3	0.59	0.93	0.99	0.77	0.87		0.74	0.93	0.51	0.72	0.96
Property Plant And Equipment Gross	0.71	0.9	0.83	0.4	0.42	0.88	0.98	-0.57	0.55	-0.12	0.87	0.6	0.45	0.42	0.71	0.93	0.49	0.67	0.99	0.97	0.74		0.5	0.9	0.14	0.6
Total Current Assets	0.94	0.51	0.87	0.99	0.99	0.81	0.51	0.37	0.97	0.2	0.81	0.96	1.0	0.99	0.02	0.3	0.99	0.95	0.54	0.67	0.93	0.5		0.25	0.91	0.99
Capital Stock	0.47	0.88	0.65	0.14	0.17	0.67	0.89	-0.73	0.27	-0.22	0.69	0.4	0.19	0.2	0.92	0.88	0.25	0.45	0.89	0.82	0.51	0.9	0.25		-0.11	0.32
Net Working Capital	0.73	0.13	0.59	0.93	0.93	0.52	0.13	0.66	0.85	0.41	0.5	0.79	0.94	0.92	-0.34	-0.09	0.89	0.75	0.21	0.34	0.72	0.14	0.91	-0.11		0.86
Intangible Assets	0.96	0.56	0.91	0.97	0.97	0.87	0.6	0.28	0.99	0.15	0.86	0.96	0.98	0.96	0.06	0.41	0.98	0.97	0.63	0.75	0.96	0.6	0.99	0.32	0.86

Click cells to compare fundamentals

Argo Blockchain Account Relationship Matchups

Argo Blockchain fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	32.4M	44.5M	388.3M	91.4M	75.9M	119.9M
Other Current Liab	576.1K	568.4K	11.3M	5.2M	10.9M	11.5M
Total Current Liabilities	5.2M	6.0M	73.8M	20.1M	27.6M	24.4M
Total Stockholder Equity	27.2M	33.2M	272.4M	11.4M	156.7K	148.8K
Net Tangible Assets	20.3M	24.0M	201.5M	9.7M	11.1M	10.6M
Property Plant And Equipment Net	20.2M	24.4M	151.1M	64.3M	59.7M	59.1M
Net Debt	1.2M	7.4M	57.0M	46.3M	55.1M	27.6M
Retained Earnings	(6.5M)	29.9M	71.3M	(141.4M)	(190.7M)	(181.2M)
Accounts Payable	3.2M	548.3K	20.6M	2.8M	185.1K	175.9K
Cash	211.5K	2.8M	15.9M	16.7M	7.4M	10.9M
Non Current Assets Total	28.1M	32.4M	177.9M	68.7M	77.1M	71.0M
Non Currrent Assets Other	6.8M	(1.16)	109.0M	2.6M	16.5M	25.3M
Cash And Short Term Investments	1.6M	9.1M	124.9M	17.0M	7.8M	7.4M
Net Receivables	2.0M	1.7M	15.9M	683K	1.9M	1.8M
Common Stock Shares Outstanding	293.8M	344.6M	415.2M	473.9M	503.9M	406.5M
Short Term Investments	1.4M	6.3M	109.0M	368K	385K	365.8K
Liabilities And Stockholders Equity	32.4M	44.5M	388.3M	91.4M	75.9M	119.9M
Non Current Liabilities Total	4.7M	5.3M	42.1M	59.9M	47.8M	29.3M
Other Current Assets	2.7M	472.4K	47.4M	5.0M	7.1M	11.5M
Other Stockholder Equity	33.3M	2.8M	200.1M	184.3M	190.0M	116.6M
Total Liab	5.2M	11.3M	115.9M	80.0M	75.8M	52.9M
Net Invested Capital	21.8M	24.4M	255.5M	73.9M	62.7M	84.3M
Property Plant And Equipment Gross	15.4M	17.9M	176.5M	177.6M	178.5M	104.2M
Total Current Assets	4.3M	12.1M	210.4M	22.7M	14.9M	14.2M
Accumulated Other Comprehensive Income	178.2K	518.1K	8.9M	8.6M	(14.1M)	(13.4M)
Net Working Capital	(699.1K)	4.5M	101.2M	2.5M	(12.7M)	(12.0M)
Intangible Assets	631.9K	501.2K	7.5M	1.8M	776K	737.2K
Common Stock	385.2K	413.5K	631.6K	478K	900.0K	568.7K
Property Plant Equipment	15.4M	17.9M	112.0M	64.3M	73.9M	46.6M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

C	Citigroup
GM	General Motors
F	Ford Motor

When determining whether Argo Blockchain PLC is a strong investment it is important to analyze Argo Blockchain's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Argo Blockchain's future performance. For an informed investment choice regarding Argo Stock, refer to the following important reports:

How To Invest In Argo

Details

Is Argo Stock a good investment?

Details

What is Argo Blockchain's Net Worth?

Details

Largest Business Services Companies

View

Top Sectors

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Blockchain PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Please note, there is a significant difference between Argo Blockchain's value and its price as these two are different measures arrived at by different means. Investors typically determine if Argo Blockchain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Argo Blockchain's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Argo Net Working Capital vs Net Debt Analysis

Net Working Capital vs Net Debt

Net Working Capital vs Net Debt Correlation Analysis

Correlation Coefficient

Net Working Capital

Net Debt

Argo Blockchain fundamental ratios Correlations

Argo Blockchain Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Argo Blockchain fundamental ratios Accounts

Also Currently Popular

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Net Receivables	+ 1.0	Net Tangible Assets
Short Term Investments	+ 1.0	Net Tangible Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments

Common Stock Total Equity	- 0.79	Retained Earnings
Capital Stock	- 0.73	Retained Earnings
Common Stock Shares Outstanding	- 0.62	Retained Earnings
Retained Earnings	- 0.58	Other Current Liab
Property Plant And Equipment Gross	- 0.57	Retained Earnings
Other Stockholder Equity	- 0.55	Retained Earnings