Argo Total Assets vs Net Debt Analysis

ARGO Stock

4.00 0.00 0.00%

Argo Group financial indicator trend analysis is way more than just evaluating Argo Group Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Argo Group Limited is a good investment. Please check the relationship between Argo Group Total Assets and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Group Limited. 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 Assets vs Net Debt

Total Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Argo Group Limited Total Assets account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Argo Group's Total Assets and Net Debt is -0.71. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Argo Group Limited, assuming nothing else is changed. The correlation between historical values of Argo Group's Total Assets 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 Total Assets of Argo Group Limited 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 Total Assets i.e., Argo Group's Total Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.71

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Total Assets

Total assets refers to the total amount of Argo Group 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 Argo Group Limited 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.

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 Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argo Group Limited 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 Group Limited. 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.

Selling General Administrative is likely to drop to about 445 K in 2024

	2021	2022	2023	2024 (projected)
Interest Income	1.1M	971K	6K	5.7K
Net Interest Income	1.1M	971K	6K	5.7K

Interest Income Net Interest Income

Argo Group fundamental ratios 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	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Net Tangible Assets	Net Receivables
Total Assets		0.09	0.36	1.0	-0.42	-0.71	0.96	0.32	0.72	0.64	-0.57	-0.67	0.57	0.68	0.7	0.32	-0.58	0.53	0.88	0.26	-0.58	0.62	0.82	0.7	0.83	0.51
Other Current Liab	0.09		0.87	0.04	-0.2	-0.25	0.04	-0.04	0.25	-0.15	0.18	-0.27	0.34	-0.09	0.02	0.05	-0.14	0.61	-0.07	0.87	-0.25	0.42	0.02	-0.09	-0.09	0.72
Total Current Liabilities	0.36	0.87		0.31	-0.27	-0.67	0.28	0.05	0.67	0.13	-0.13	-0.37	0.46	0.22	0.29	-0.12	-0.21	0.58	0.11	0.97	-0.34	0.53	0.34	0.22	0.17	0.72
Total Stockholder Equity	1.0	0.04	0.31		-0.42	-0.69	0.97	0.32	0.69	0.65	-0.58	-0.66	0.56	0.68	0.7	0.34	-0.58	0.51	0.89	0.21	-0.58	0.61	0.82	0.7	0.84	0.48
Property Plant And Equipment Net	-0.42	-0.2	-0.27	-0.42		0.38	-0.25	-0.34	-0.38	-0.44	0.39	0.53	-0.27	-0.7	-0.73	-0.29	0.77	-0.48	-0.26	-0.08	0.71	-0.33	-0.19	-0.69	-0.37	-0.47
Net Debt	-0.71	-0.25	-0.67	-0.69	0.38		-0.6	-0.12	-1.0	-0.54	0.55	0.5	-0.53	-0.65	-0.63	0.14	0.35	-0.3	-0.43	-0.6	0.44	-0.54	-0.72	-0.65	-0.56	-0.42
Retained Earnings	0.96	0.04	0.28	0.97	-0.25	-0.6		0.28	0.61	0.52	-0.43	-0.54	0.55	0.48	0.51	0.28	-0.48	0.44	0.89	0.2	-0.41	0.59	0.79	0.51	0.74	0.41
Accounts Payable	0.32	-0.04	0.05	0.32	-0.34	-0.12	0.28		0.12	0.22	-0.21	-0.16	0.02	0.31	0.43	0.13	-0.42	0.3	0.37	-0.03	-0.44	0.08	0.26	0.32	0.29	0.1
Cash	0.72	0.25	0.67	0.69	-0.38	-1.0	0.61	0.12		0.54	-0.55	-0.5	0.54	0.65	0.63	-0.13	-0.35	0.3	0.43	0.6	-0.44	0.55	0.72	0.65	0.56	0.42
Non Current Assets Total	0.64	-0.15	0.13	0.65	-0.44	-0.54	0.52	0.22	0.54		-0.97	-0.42	-0.06	0.78	0.77	0.11	-0.39	0.26	0.46	0.05	-0.49	0.0	0.45	0.78	0.71	0.29
Non Currrent Assets Other	-0.57	0.18	-0.13	-0.58	0.39	0.55	-0.43	-0.21	-0.55	-0.97		0.4	0.13	-0.76	-0.72	-0.05	0.4	-0.21	-0.46	-0.05	0.46	0.08	-0.51	-0.76	-0.67	-0.28
Other Assets	-0.67	-0.27	-0.37	-0.66	0.53	0.5	-0.54	-0.16	-0.5	-0.42	0.4		-0.71	-0.61	-0.66	-0.72	0.63	-0.55	-0.61	-0.27	0.83	-0.75	-0.59	-0.63	-0.51	-0.56
Cash And Short Term Investments	0.57	0.34	0.46	0.56	-0.27	-0.53	0.55	0.02	0.54	-0.06	0.13	-0.71		0.3	0.35	0.47	-0.32	0.39	0.42	0.4	-0.49	0.98	0.48	0.31	0.31	0.38
Common Stock Total Equity	0.68	-0.09	0.22	0.68	-0.7	-0.65	0.48	0.31	0.65	0.78	-0.76	-0.61	0.3		0.97	0.25	-0.52	0.41	0.49	0.09	-0.71	0.35	0.49	1.0	0.75	0.39
Common Stock Shares Outstanding	0.7	0.02	0.29	0.7	-0.73	-0.63	0.51	0.43	0.63	0.77	-0.72	-0.66	0.35	0.97		0.34	-0.56	0.51	0.5	0.16	-0.76	0.41	0.47	0.97	0.75	0.47
Short Term Investments	0.32	0.05	-0.12	0.34	-0.29	0.14	0.28	0.13	-0.13	0.11	-0.05	-0.72	0.47	0.25	0.34		-0.42	0.48	0.43	-0.19	-0.55	0.52	0.12	0.27	0.35	0.34
Non Current Liabilities Total	-0.58	-0.14	-0.21	-0.58	0.77	0.35	-0.48	-0.42	-0.35	-0.39	0.4	0.63	-0.32	-0.52	-0.56	-0.42		-0.57	-0.62	-0.02	0.7	-0.4	-0.53	-0.54	-0.47	-0.55
Other Current Assets	0.53	0.61	0.58	0.51	-0.48	-0.3	0.44	0.3	0.3	0.26	-0.21	-0.55	0.39	0.41	0.51	0.48	-0.57		0.5	0.48	-0.55	0.55	0.31	0.42	0.6	0.95
Other Stockholder Equity	0.88	-0.07	0.11	0.89	-0.26	-0.43	0.89	0.37	0.43	0.46	-0.46	-0.61	0.42	0.49	0.5	0.43	-0.62	0.5		0.02	-0.47	0.48	0.85	0.52	0.75	0.43
Total Liab	0.26	0.87	0.97	0.21	-0.08	-0.6	0.2	-0.03	0.6	0.05	-0.05	-0.27	0.4	0.09	0.16	-0.19	-0.02	0.48	0.02		-0.21	0.46	0.29	0.09	0.08	0.63
Property Plant And Equipment Gross	-0.58	-0.25	-0.34	-0.58	0.71	0.44	-0.41	-0.44	-0.44	-0.49	0.46	0.83	-0.49	-0.71	-0.76	-0.55	0.7	-0.55	-0.47	-0.21		-0.55	-0.44	-0.73	-0.51	-0.5
Total Current Assets	0.62	0.42	0.53	0.61	-0.33	-0.54	0.59	0.08	0.55	0.0	0.08	-0.75	0.98	0.35	0.41	0.52	-0.4	0.55	0.48	0.46	-0.55		0.49	0.36	0.4	0.52
Intangible Assets	0.82	0.02	0.34	0.82	-0.19	-0.72	0.79	0.26	0.72	0.45	-0.51	-0.59	0.48	0.49	0.47	0.12	-0.53	0.31	0.85	0.29	-0.44	0.49		0.52	0.62	0.36
Common Stock	0.7	-0.09	0.22	0.7	-0.69	-0.65	0.51	0.32	0.65	0.78	-0.76	-0.63	0.31	1.0	0.97	0.27	-0.54	0.42	0.52	0.09	-0.73	0.36	0.52		0.77	0.4
Net Tangible Assets	0.83	-0.09	0.17	0.84	-0.37	-0.56	0.74	0.29	0.56	0.71	-0.67	-0.51	0.31	0.75	0.75	0.35	-0.47	0.6	0.75	0.08	-0.51	0.4	0.62	0.77		0.52
Net Receivables	0.51	0.72	0.72	0.48	-0.47	-0.42	0.41	0.1	0.42	0.29	-0.28	-0.56	0.38	0.39	0.47	0.34	-0.55	0.95	0.43	0.63	-0.5	0.52	0.36	0.4	0.52

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Argo Group Account Relationship Matchups

Argo Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	22.0M	23.3M	23.3M	20.5M	6.1M	5.8M
Other Current Liab	426K	297K	199K	471K	602K	605.2K
Total Current Liabilities	463K	415K	236K	497K	618K	755.7K
Total Stockholder Equity	21.3M	22.8M	23.1M	19.6M	5.1M	4.9M
Property Plant And Equipment Net	661K	484K	290K	607K	526K	282.6K
Net Debt	(863K)	(675K)	(1.7M)	(1.6M)	(1.3M)	(1.4M)
Retained Earnings	(1.5M)	122K	420K	(3.0M)	(17.4M)	(16.5M)
Accounts Payable	17K	118K	37K	26K	16K	15.2K
Cash	863K	675K	1.7M	1.6M	1.3M	1.3M
Non Current Assets Total	717K	484K	290K	607K	624K	592.8K
Non Currrent Assets Other	(717K)	(484K)	(290K)	(607K)	98K	102.9K
Other Assets	120K	13.6M	13.6M	13.3M	15.3M	16.1M
Cash And Short Term Investments	20.2M	7.5M	7.8M	6.0M	5.0M	4.8M
Common Stock Shares Outstanding	45.3M	43.3M	42.9M	39.0M	42.4M	48.1M
Short Term Investments	19.4M	6.8M	6.1M	4.4M	3.7M	3.5M
Liabilities And Stockholders Equity	22.2M	23.3M	23.3M	20.5M	6.1M	5.8M
Non Current Liabilities Total	280K	79K	37K	411K	332K	348.6K
Other Current Assets	978K	1.7M	1.6M	413K	400K	380K
Other Stockholder Equity	23.8M	25.5M	25.8M	22.4M	4.7M	4.5M
Total Liab	743K	494K	236K	908K	950K	810.8K
Property Plant And Equipment Gross	661K	484K	1.1M	815K	814K	854.7K
Total Current Assets	21.2M	9.2M	9.4M	6.5M	5.4M	5.2M
Accumulated Other Comprehensive Income	(2.9M)	(3.1M)	(3.1M)	(3.2M)	(3.2M)	(3.1M)
Net Tangible Assets	23.3M	21.3M	22.8M	23.1M	20.8M	18.9M
Net Receivables	756K	511K	1.5M	275K	400K	380K
Property Plant Equipment	212K	661K	484K	290K	333.5K	277.7K
Inventory	(19.4M)	(6.8M)	(6.1M)	(4.4M)	(3.7M)	(3.9M)
Net Invested Capital	21.5M	22.8M	23.1M	19.6M	5.1M	4.9M
Net Working Capital	20.9M	8.8M	9.1M	6.0M	4.8M	4.6M

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Argo Total Assets vs Net Debt Analysis

Total Assets vs Net Debt

Total Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Total Assets

Net Debt

Argo Group fundamental ratios Correlations

Argo Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Argo Group fundamental ratios Accounts

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COMMON DESTINATIONS

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Total Stockholder Equity	+ 1.0	Total Assets
Common Stock	+ 1.0	Common Stock Total Equity
Total Current Assets	+ 0.98	Cash And Short Term Investments
Total Liab	+ 0.97	Total Current Liabilities
Retained Earnings	+ 0.97	Total Stockholder Equity
Common Stock Shares Outstanding	+ 0.97	Common Stock Total Equity

Cash	- 1.0	Net Debt
Non Currrent Assets Other	- 0.97	Non Current Assets Total
Property Plant And Equipment Gross	- 0.76	Common Stock Shares Outstanding
Common Stock	- 0.76	Non Currrent Assets Other
Common Stock Total Equity	- 0.76	Non Currrent Assets Other
Total Current Assets	- 0.75	Other Assets