Big Net Tangible Assets vs Total Current Liabilities Analysis

BRAU Stock  CAD 0.09  0.01  10.00%   
Big Ridge financial indicator trend analysis is way more than just evaluating Big Ridge Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Big Ridge Gold is a good investment. Please check the relationship between Big Ridge Net Tangible Assets and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Big Ridge Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Net Tangible Assets vs Total Current Liabilities

Net Tangible Assets vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Big Ridge Gold Net Tangible Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Big Ridge's Net Tangible Assets and Total Current Liabilities is -0.01. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Big Ridge Gold, assuming nothing else is changed. The correlation between historical values of Big Ridge's Net Tangible 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 Net Tangible Assets of Big Ridge Gold 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 Net Tangible Assets i.e., Big Ridge's Net Tangible Assets and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.01
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Total Current Liabilities

Total Current Liabilities is an item on Big Ridge balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Big Ridge Gold 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 Big Ridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Big Ridge Gold 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 Big Ridge Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
At this time, Big Ridge's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 10.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 577 K in 2024.

Big Ridge fundamental ratios Correlations

-0.40.110.230.980.64-0.85-0.450.290.850.620.390.84-0.030.38-0.320.230.84-0.40.030.17-0.49-0.150.870.890.65
-0.40.60.0-0.39-0.560.150.45-0.08-0.15-0.48-0.95-0.18-0.19-0.07-0.16-0.01-0.231.00.35-0.27-0.290.7-0.04-0.07-0.06
0.110.60.330.04-0.14-0.310.120.250.31-0.08-0.510.27-0.020.09-0.450.310.190.60.52-0.22-0.50.730.20.20.16
0.230.00.330.030.33-0.09-0.620.990.090.40.020.030.160.63-0.361.00.00.00.88-0.4-0.640.53-0.010.01-0.28
0.98-0.390.040.030.58-0.86-0.330.090.850.540.370.86-0.070.27-0.260.030.86-0.39-0.150.25-0.38-0.270.90.920.72
0.64-0.56-0.140.330.58-0.24-0.840.380.240.980.660.2-0.070.76-0.240.370.16-0.560.24-0.21-0.55-0.370.330.43-0.07
-0.850.15-0.31-0.09-0.86-0.240.07-0.13-1.0-0.21-0.11-0.990.11-0.020.3-0.07-0.940.150.06-0.20.34-0.07-0.9-0.88-0.87
-0.450.450.12-0.62-0.33-0.840.07-0.66-0.07-0.83-0.46-0.010.13-0.890.43-0.660.020.45-0.460.430.60.19-0.13-0.20.33
0.29-0.080.250.990.090.38-0.13-0.660.130.440.090.070.170.63-0.340.990.05-0.080.84-0.36-0.620.470.030.05-0.25
0.85-0.150.310.090.850.24-1.0-0.070.130.210.110.99-0.110.02-0.30.070.94-0.15-0.060.2-0.340.070.910.890.87
0.62-0.48-0.080.40.540.98-0.21-0.830.440.210.60.18-0.070.79-0.230.440.13-0.480.34-0.2-0.61-0.270.290.4-0.11
0.39-0.95-0.510.020.370.66-0.11-0.460.090.110.60.130.140.140.110.040.17-0.95-0.230.190.19-0.620.020.070.0
0.84-0.180.270.030.860.2-0.99-0.010.070.990.180.13-0.05-0.05-0.240.010.96-0.18-0.140.33-0.260.020.890.860.89
-0.03-0.19-0.020.16-0.07-0.070.110.130.17-0.11-0.070.14-0.05-0.170.550.140.04-0.190.010.390.2-0.02-0.16-0.19-0.04
0.38-0.070.090.630.270.76-0.02-0.890.630.020.790.14-0.05-0.17-0.460.67-0.12-0.070.61-0.53-0.820.010.190.27-0.37
-0.32-0.16-0.45-0.36-0.26-0.240.30.43-0.34-0.3-0.230.11-0.240.55-0.46-0.37-0.22-0.16-0.40.340.53-0.32-0.26-0.29-0.02
0.23-0.010.311.00.030.37-0.07-0.660.990.070.440.040.010.140.67-0.37-0.02-0.010.88-0.42-0.660.5-0.020.01-0.31
0.84-0.230.190.00.860.16-0.940.020.050.940.130.170.960.04-0.12-0.22-0.02-0.23-0.190.39-0.160.010.860.830.92
-0.41.00.60.0-0.39-0.560.150.45-0.08-0.15-0.48-0.95-0.18-0.19-0.07-0.16-0.01-0.230.35-0.27-0.290.7-0.04-0.07-0.06
0.030.350.520.88-0.150.240.06-0.460.84-0.060.34-0.23-0.140.010.61-0.40.88-0.190.35-0.53-0.750.73-0.1-0.06-0.37
0.17-0.27-0.22-0.40.25-0.21-0.20.43-0.360.2-0.20.190.330.39-0.530.34-0.420.39-0.27-0.530.5-0.310.110.060.38
-0.49-0.29-0.5-0.64-0.38-0.550.340.6-0.62-0.34-0.610.19-0.260.2-0.820.53-0.66-0.16-0.29-0.750.5-0.42-0.46-0.520.0
-0.150.70.730.53-0.27-0.37-0.070.190.470.07-0.27-0.620.02-0.020.01-0.320.50.010.70.73-0.31-0.42-0.04-0.060.0
0.87-0.040.2-0.010.90.33-0.9-0.130.030.910.290.020.89-0.160.19-0.26-0.020.86-0.04-0.10.11-0.46-0.040.990.83
0.89-0.070.20.010.920.43-0.88-0.20.050.890.40.070.86-0.190.27-0.290.010.83-0.07-0.060.06-0.52-0.060.990.79
0.65-0.060.16-0.280.72-0.07-0.870.33-0.250.87-0.110.00.89-0.04-0.37-0.02-0.310.92-0.06-0.370.380.00.00.830.79
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Big Ridge Account Relationship Matchups

Big Ridge fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.8M13.0M6.2M5.4M6.2M4.9M
Other Current Liab94.2K25K110.4K72.3K65.0K57.2K
Total Current Liabilities79.4K183.1K1.9M491.6K565.3K593.6K
Total Stockholder Equity4.7M12.8M4.0M4.8M5.5M4.6M
Net Debt(140.0K)(8.3M)(2.0M)(88.4K)(79.5K)(83.5K)
Retained Earnings(22.0M)(23.1M)(35.9M)(39.5M)(35.6M)(33.8M)
Accounts Payable54.4K183.1K1.8M419.3K482.2K506.3K
Cash140.0K8.3M2.0M88.4K101.6K96.6K
Cash And Short Term Investments394.4K8.8M2.1M95.9K110.3K104.7K
Net Receivables16.1K49.4K385.1K25.8K29.7K28.2K
Liabilities And Stockholders Equity4.8M13.0M6.2M5.4M6.2M4.9M
Total Liab79.4K185.3K2.2M641.7K738.0K774.9K
Total Current Assets2.7M8.9M2.5M123.4K141.9K134.8K
Short Term Investments254.3K530.6K94.0K7.5K6.8K6.4K
Other Current Assets8.2K7.8K41.9K1.7K1.5K1.5K
Net Tangible Assets3.2M4.7M12.8M4.0M4.6M5.9M
Net Invested Capital4.7M12.8M4.0M4.8M5.5M5.8M
Net Working Capital2.6M8.7M612.4K(368.2K)(331.4K)(314.8K)
Common Stock21.9M32.8M36.4M40.4M46.4M30.8M
Capital Stock21.9M32.8M36.4M40.4M46.4M33.7M

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