Bluestone Common Stock Shares Outstanding vs Short Term Investments Analysis

BSR Stock  CAD 0.31  0.01  3.13%   
Bluestone Resources financial indicator trend analysis is way more than just evaluating Bluestone Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bluestone Resources is a good investment. Please check the relationship between Bluestone Resources Common Stock Shares Outstanding and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bluestone Resources. 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.

Common Stock Shares Outstanding vs Short Term Investments

Common Stock Shares Outstanding vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bluestone Resources Common Stock Shares Outstanding account and Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Bluestone Resources' Common Stock Shares Outstanding and Short Term Investments is 0.73. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Bluestone Resources, assuming nothing else is changed. The correlation between historical values of Bluestone Resources' Common Stock Shares Outstanding and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Bluestone Resources are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Common Stock Shares Outstanding i.e., Bluestone Resources' Common Stock Shares Outstanding and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Short Term Investments

Short Term Investments is an item under the current assets section of Bluestone Resources balance sheet. It contains any investments Bluestone Resources undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Bluestone Resources can easily liquidate in the marketplace.
Most indicators from Bluestone Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bluestone Resources 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 Bluestone Resources. 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.
Issuance Of Capital Stock is likely to climb to about 79 M in 2024, whereas Selling General Administrative is likely to drop 972.86 in 2024.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation320.0K322.6K274.5K280.5K
Interest Income364.9K132.8K138.6K229.7K

Bluestone Resources fundamental ratios Correlations

0.94-0.540.710.710.720.90.66-0.780.590.850.750.960.020.790.90.860.550.810.820.370.750.780.350.470.98
0.94-0.780.870.870.880.80.51-0.550.650.650.490.850.160.540.720.880.640.820.630.420.540.770.160.160.98
-0.54-0.78-0.96-0.96-0.96-0.30.02-0.03-0.48-0.090.09-0.44-0.370.08-0.13-0.55-0.62-0.48-0.08-0.190.05-0.560.250.4-0.68
0.710.87-0.961.01.00.480.12-0.20.480.30.160.640.320.160.330.620.670.560.270.150.140.67-0.06-0.150.82
0.710.87-0.961.01.00.480.13-0.20.480.310.160.640.320.170.340.620.670.560.280.150.150.68-0.06-0.150.82
0.720.88-0.961.01.00.490.14-0.210.490.320.170.650.320.180.340.620.680.570.290.160.160.68-0.05-0.140.83
0.90.8-0.30.480.480.490.81-0.910.430.930.790.88-0.10.860.910.740.420.650.850.330.890.790.50.60.85
0.660.510.020.120.130.140.81-0.810.320.80.620.62-0.20.770.810.670.30.480.750.460.880.590.250.530.54
-0.78-0.55-0.03-0.2-0.2-0.21-0.91-0.81-0.24-0.99-0.93-0.830.22-0.97-0.92-0.55-0.23-0.45-0.88-0.18-0.96-0.67-0.62-0.84-0.66
0.590.65-0.480.480.480.490.430.32-0.240.330.270.550.220.310.490.840.340.790.410.590.180.32-0.02-0.170.6
0.850.65-0.090.30.310.320.930.8-0.990.330.920.88-0.220.970.950.650.280.540.90.240.950.730.520.790.74
0.750.490.090.160.160.170.790.62-0.930.270.920.83-0.240.980.910.490.160.520.860.110.840.490.680.890.64
0.960.85-0.440.640.640.650.880.62-0.830.550.880.830.110.840.890.760.570.70.80.190.740.720.450.550.92
0.020.16-0.370.320.320.32-0.1-0.20.220.22-0.22-0.240.11-0.25-0.170.040.58-0.02-0.26-0.16-0.27-0.2-0.1-0.380.09
0.790.540.080.160.170.180.860.77-0.970.310.970.980.84-0.250.960.580.210.550.90.210.920.560.620.870.66
0.90.72-0.130.330.340.340.910.81-0.920.490.950.910.89-0.170.960.780.330.730.920.40.910.630.50.720.8
0.860.88-0.550.620.620.620.740.67-0.550.840.650.490.760.040.580.780.470.890.690.680.580.650.030.130.85
0.550.64-0.620.670.670.680.420.3-0.230.340.280.160.570.580.210.330.470.390.230.050.20.360.0-0.070.59
0.810.82-0.480.560.560.570.650.48-0.450.790.540.520.7-0.020.550.730.890.390.650.620.450.410.160.180.82
0.820.63-0.080.270.280.290.850.75-0.880.410.90.860.8-0.260.90.920.690.230.650.530.860.620.50.710.72
0.370.42-0.190.150.150.160.330.46-0.180.590.240.110.19-0.160.210.40.680.050.620.530.290.24-0.11-0.080.35
0.750.540.050.140.150.160.890.88-0.960.180.950.840.74-0.270.920.910.580.20.450.860.290.650.480.810.62
0.780.77-0.560.670.680.680.790.59-0.670.320.730.490.72-0.20.560.630.650.360.410.620.240.650.160.310.77
0.350.160.25-0.06-0.06-0.050.50.25-0.62-0.020.520.680.45-0.10.620.50.030.00.160.5-0.110.480.160.690.28
0.470.160.4-0.15-0.15-0.140.60.53-0.84-0.170.790.890.55-0.380.870.720.13-0.070.180.71-0.080.810.310.690.33
0.980.98-0.680.820.820.830.850.54-0.660.60.740.640.920.090.660.80.850.590.820.720.350.620.770.280.33
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Bluestone Resources Account Relationship Matchups

Bluestone Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets40.6M87.0M73.1M58.0M54.3M57.1M
Total Stockholder Equity27.3M73.7M55.3M34.5M26.9M17.5M
Net Debt(2.9M)(49.3M)(18.3M)4.3M11.4M12.0M
Cash3.0M49.3M18.3M1.7M606.6K576.3K
Cash And Short Term Investments3.1M49.6M18.5M1.9M708.6K673.2K
Liabilities And Stockholders Equity40.6M87.0M73.1M58.0M54.3M57.1M
Total Current Assets3.5M50.5M19.0M2.4M1.2M1.1M
Common Stock96.1M168.7M178.7M179.9M180.0M95.7M
Total Current Liabilities3.6M3.0M4.8M11.2M3.7M3.9M
Retained Earnings(85.8M)(116.5M)(145.7M)(168.4M)(176.8M)(167.9M)
Accounts Payable1.9M1.1M470.3K462.9K176.0K167.2K
Common Stock Shares Outstanding63.8M78.0M122.6M148.9M151.5M159.1M
Non Current Liabilities Total9.7M10.4M13.0M12.3M23.7M24.9M
Other Current Assets216.6K412.1K253.0K231.3K292.0K306.6K
Other Stockholder Equity17.1M21.5M(0.76)(0.82)(0.21)(0.2)
Total Liab13.3M13.4M17.8M23.4M27.4M28.8M
Non Current Assets Total37.1M36.5M54.1M55.5M53.2M55.9M
Non Currrent Assets Other1.8M1.7M1.8M1.7M450.6K754.5K
Net Receivables77.8K373.5K87.9K207.5K76.0K72.2K
Inventory89.5K81.0K89.2K71.0K78.2K41.6K
Property Plant And Equipment Net35.3M34.8M52.3M53.8M52.7M55.4M
Accumulated Other Comprehensive Income17.1M21.5M22.4M23.1M23.7M24.8M
Other Current Liab1.6M1.8M4.4M4.7M3.5M3.7M
Net Tangible Assets27.3M73.7M55.3M34.5M39.7M31.6M
Property Plant Equipment35.3M34.8M52.3M53.8M61.8M64.9M
Other Liab9.6M10.4M13.0M12.3M14.1M11.2M
Net Invested Capital27.3M73.7M55.3M40.5M38.9M37.3M
Net Working Capital(122.5K)47.5M14.1M(8.7M)(2.5M)(2.4M)
Capital Stock96.1M168.7M178.7M179.9M180.0M162.2M

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