Erdene Net Borrowings vs Free Cash Flow Analysis

ERD Stock

CAD 0.57 0.01 1.72%

Erdene Resource financial indicator trend analysis is much more than just examining Erdene Resource Deve latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Erdene Resource Deve is a good investment. Please check the relationship between Erdene Resource Net Borrowings and its Free Cash Flow accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erdene Resource Development. 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.

Net Borrowings vs Free Cash Flow

Net Borrowings vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Erdene Resource Deve Net Borrowings account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Erdene Resource's Net Borrowings and Free Cash Flow is -0.21. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Erdene Resource Development, assuming nothing else is changed. The correlation between historical values of Erdene Resource's Net Borrowings and Free Cash Flow 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 Borrowings of Erdene Resource Development are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Borrowings i.e., Erdene Resource's Net Borrowings and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Erdene Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Erdene Resource Deve 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erdene Resource Development. 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.

As of the 11th of December 2024, Enterprise Value is likely to grow to about 74.1 M, while Selling General Administrative is likely to drop about 2.2 M.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	37.4K	38.1K	37.0K	35.1K
Depreciation And Amortization	82.5K	136.6K	37.0K	35.1K

Cost Of Revenue Depreciation And Amortization

Erdene Resource fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Retained Earnings	Common Stock Total Equity	Common Stock Shares Outstanding	Total Liab	Common Stock	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Other Current Assets	Other Stockholder Equity	Property Plant And Equipment Gross	Total Current Assets	Accounts Payable	Short Term Investments	Short Term Debt	Good Will	Intangible Assets	Non Current Liabilities Total
Total Assets		0.91	-0.54	0.66	0.71	0.29	0.54	0.46	0.57	0.65	-0.7	0.75	0.9	0.38	0.75	0.09	0.71	0.83	0.65	0.8	0.59	0.43	-0.2	-0.43	-0.35	-0.02
Total Stockholder Equity	0.91		-0.59	0.75	0.84	0.12	0.51	0.35	0.38	0.45	-0.69	0.68	0.99	0.64	0.68	-0.06	0.86	0.81	0.46	0.74	0.4	0.44	-0.2	-0.66	-0.32	-0.14
Retained Earnings	-0.54	-0.59		-0.89	-0.85	0.15	-0.88	-0.62	-0.13	-0.25	0.49	-0.55	-0.54	-0.38	-0.55	0.24	-0.62	-0.89	-0.25	-0.59	-0.04	-0.77	-0.06	0.7	0.72	0.6
Common Stock Total Equity	0.66	0.75	-0.89		0.8	0.0	0.67	0.36	0.27	0.28	-0.52	0.53	0.73	0.53	0.53	-0.06	0.66	0.84	0.28	0.57	0.18	0.89	0.0	-0.88	-0.81	-0.55
Common Stock Shares Outstanding	0.71	0.84	-0.85	0.8		-0.13	0.8	0.54	0.08	0.22	-0.57	0.6	0.81	0.67	0.6	-0.39	0.9	0.9	0.22	0.66	0.05	0.49	-0.06	-0.71	-0.37	-0.36
Total Liab	0.29	0.12	0.15	0.0	-0.13		-0.2	0.09	0.61	0.45	0.15	0.19	0.21	-0.19	0.19	0.47	-0.19	-0.06	0.45	0.17	0.64	0.11	-0.12	0.05	-0.15	0.76
Common Stock	0.54	0.51	-0.88	0.67	0.8	-0.2		0.74	0.02	0.28	-0.5	0.57	0.44	0.26	0.57	-0.45	0.58	0.87	0.28	0.61	-0.06	0.5	0.1	-0.42	-0.45	-0.47
Other Current Liab	0.46	0.35	-0.62	0.36	0.54	0.09	0.74		0.37	0.65	-0.48	0.65	0.28	-0.21	0.65	-0.14	0.32	0.66	0.65	0.66	0.35	0.21	0.02	-0.01	-0.26	-0.12
Total Current Liabilities	0.57	0.38	-0.13	0.27	0.08	0.61	0.02	0.37		0.86	-0.4	0.53	0.39	-0.33	0.52	0.56	0.1	0.32	0.86	0.53	0.97	0.28	0.11	0.03	-0.36	0.23
Property Plant And Equipment Net	0.65	0.45	-0.25	0.28	0.22	0.45	0.28	0.65	0.86		-0.57	0.67	0.43	-0.39	0.67	0.41	0.17	0.46	1.0	0.68	0.88	0.22	-0.11	0.1	-0.31	0.13
Net Debt	-0.7	-0.69	0.49	-0.52	-0.57	0.15	-0.5	-0.48	-0.4	-0.57		-0.9	-0.59	-0.14	-0.9	-0.06	-0.48	-0.71	-0.57	-0.9	-0.41	-0.23	0.12	0.23	0.21	0.33
Cash	0.75	0.68	-0.55	0.53	0.6	0.19	0.57	0.65	0.53	0.67	-0.9		0.6	0.08	1.0	0.07	0.42	0.75	0.67	0.99	0.54	0.27	-0.14	-0.21	-0.26	-0.05
Non Current Assets Total	0.9	0.99	-0.54	0.73	0.81	0.21	0.44	0.28	0.39	0.43	-0.59	0.6		0.66	0.6	-0.03	0.85	0.75	0.43	0.65	0.41	0.45	-0.21	-0.68	-0.32	-0.06
Non Currrent Assets Other	0.38	0.64	-0.38	0.53	0.67	-0.19	0.26	-0.21	-0.33	-0.39	-0.14	0.08	0.66		0.08	-0.41	0.74	0.41	-0.39	0.13	-0.33	0.27	-0.12	-0.77	-0.07	-0.19
Cash And Short Term Investments	0.75	0.68	-0.55	0.53	0.6	0.19	0.57	0.65	0.52	0.67	-0.9	1.0	0.6	0.08		0.07	0.42	0.75	0.67	0.99	0.54	0.27	-0.14	-0.22	-0.26	-0.05
Net Receivables	0.09	-0.06	0.24	-0.06	-0.39	0.47	-0.45	-0.14	0.56	0.41	-0.06	0.07	-0.03	-0.41	0.07		-0.41	-0.21	0.41	0.04	0.61	0.18	-0.28	0.13	-0.27	0.2
Other Current Assets	0.71	0.86	-0.62	0.66	0.9	-0.19	0.58	0.32	0.1	0.17	-0.48	0.42	0.85	0.74	0.42	-0.41		0.76	0.18	0.5	0.09	0.3	-0.04	-0.64	-0.16	-0.29
Other Stockholder Equity	0.83	0.81	-0.89	0.84	0.9	-0.06	0.87	0.66	0.32	0.46	-0.71	0.75	0.75	0.41	0.75	-0.21	0.76		0.47	0.8	0.27	0.6	-0.02	-0.57	-0.52	-0.42
Property Plant And Equipment Gross	0.65	0.46	-0.25	0.28	0.22	0.45	0.28	0.65	0.86	1.0	-0.57	0.67	0.43	-0.39	0.67	0.41	0.18	0.47		0.68	0.88	0.22	-0.11	0.09	-0.31	0.12
Total Current Assets	0.8	0.74	-0.59	0.57	0.66	0.17	0.61	0.66	0.53	0.68	-0.9	0.99	0.65	0.13	0.99	0.04	0.5	0.8	0.68		0.55	0.29	-0.14	-0.25	-0.27	-0.08
Accounts Payable	0.59	0.4	-0.04	0.18	0.05	0.64	-0.06	0.35	0.97	0.88	-0.41	0.54	0.41	-0.33	0.54	0.61	0.09	0.27	0.88	0.55		0.17	-0.12	0.09	-0.24	0.33
Short Term Investments	0.43	0.44	-0.77	0.89	0.49	0.11	0.5	0.21	0.28	0.22	-0.23	0.27	0.45	0.27	0.27	0.18	0.3	0.6	0.22	0.29	0.17		0.03	-0.78	-0.98	-0.54
Short Term Debt	-0.2	-0.2	-0.06	0.0	-0.06	-0.12	0.1	0.02	0.11	-0.11	0.12	-0.14	-0.21	-0.12	-0.14	-0.28	-0.04	-0.02	-0.11	-0.14	-0.12	0.03		0.05	-0.06	-0.16
Good Will	-0.43	-0.66	0.7	-0.88	-0.71	0.05	-0.42	-0.01	0.03	0.1	0.23	-0.21	-0.68	-0.77	-0.22	0.13	-0.64	-0.57	0.09	-0.25	0.09	-0.78	0.05		0.66	0.46
Intangible Assets	-0.35	-0.32	0.72	-0.81	-0.37	-0.15	-0.45	-0.26	-0.36	-0.31	0.21	-0.26	-0.32	-0.07	-0.26	-0.27	-0.16	-0.52	-0.31	-0.27	-0.24	-0.98	-0.06	0.66		0.52
Non Current Liabilities Total	-0.02	-0.14	0.6	-0.55	-0.36	0.76	-0.47	-0.12	0.23	0.13	0.33	-0.05	-0.06	-0.19	-0.05	0.2	-0.29	-0.42	0.12	-0.08	0.33	-0.54	-0.16	0.46	0.52

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Erdene Resource Account Relationship Matchups

Erdene Resource fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	27.0M	42.8M	46.5M	52.5M	59.1M	30.0M
Total Stockholder Equity	20.0M	42.1M	45.7M	51.6M	58.9M	61.8M
Retained Earnings	(104.4M)	(117.5M)	(123.0M)	(129.0M)	(128.5M)	(122.1M)
Common Stock Shares Outstanding	178.5M	216.5M	276.1M	306.2M	346.0M	363.3M
Liabilities And Stockholders Equity	27.0M	42.8M	46.5M	52.5M	59.1M	30.0M
Total Liab	7.0M	695.9K	812.3K	909.0K	186.2K	176.8K
Common Stock	109.5M	136.6M	145.2M	157.9M	158.1M	91.1M
Total Current Liabilities	617.7K	610.2K	726.0K	886.1K	186.2K	176.8K
Property Plant And Equipment Net	21.7M	29.7M	38.4M	43.7M	2.0M	1.9M
Net Debt	1.3M	(12.7M)	(6.9M)	(7.3M)	(4.3M)	(4.5M)
Cash	5.1M	12.8M	7.1M	7.4M	4.3M	4.2M
Non Current Assets Total	21.7M	29.7M	38.4M	43.7M	53.3M	55.9M
Non Currrent Assets Other	(21.58)	(24.69)	(49.22)	(126.4)	2.0M	2.1M
Cash And Short Term Investments	5.1M	12.8M	7.1M	7.4M	4.3M	4.3M
Net Receivables	70.4K	89.3K	23.8K	76.6K	6.7K	6.4K
Other Current Assets	69.0K	212.5K	1.0M	1.4M	1.5M	1.5M
Other Stockholder Equity	16.8M	25.9M	26.6M	28.7M	30.1M	20.0M
Property Plant And Equipment Gross	21.7M	29.7M	38.7M	43.9M	2.1M	2.0M
Total Current Assets	5.2M	13.1M	8.1M	8.9M	5.8M	4.7M
Accounts Payable	592.0K	582.4K	660.5K	826.4K	163.2K	155.1K
Accumulated Other Comprehensive Income	(2.0M)	(3.0M)	(3.0M)	(6.0M)	(849.6K)	(892.1K)
Short Term Debt	25.7K	27.9K	65.6K	59.7K	22.9K	21.8K
Intangible Assets	21.58	24.69	49.22	126.4	18.5K	17.5K
Net Tangible Assets	20.0M	42.1M	45.7M	51.5M	59.2M	62.2M
Property Plant Equipment	21.7M	29.7M	38.4M	43.5M	50.1M	52.6M
Capital Surpluse	16.1M	16.8M	25.9M	26.6M	30.6M	19.4M
Net Invested Capital	26.2M	42.1M	45.7M	51.6M	58.9M	40.4M
Net Working Capital	4.6M	12.5M	7.4M	8.0M	5.6M	6.8M
Capital Stock	109.5M	136.6M	145.2M	157.9M	158.1M	148.7M

Pair Trading with Erdene Resource

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Erdene Resource position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Erdene Resource will appreciate offsetting losses from the drop in the long position's value.

Moving together with Erdene Stock

0.63	AG	First Majestic Silver	Pair Corr
0.67	FDY	Faraday Copper Corp	Pair Corr

Moving against Erdene Stock

0.47

NovaGold Resources

Pair Corr

The ability to find closely correlated positions to Erdene Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erdene Resource when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Erdene Resource - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Erdene Resource Development to buy it.

The correlation of Erdene Resource is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Erdene Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erdene Resource Deve moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Erdene Resource can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Erdene Stock

Balance Sheet is a snapshot of the financial position of Erdene Resource Deve at a specified time, usually calculated after every quarter, six months, or one year. Erdene Resource Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Erdene Resource and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Erdene currently owns. An asset can also be divided into two categories, current and non-current.

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Erdene Net Borrowings vs Free Cash Flow Analysis

Net Borrowings vs Free Cash Flow

Net Borrowings vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Net Borrowings

Free Cash Flow

Erdene Resource fundamental ratios Correlations

Erdene Resource Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Erdene Resource fundamental ratios Accounts

Pair Trading with Erdene Resource

Moving together with Erdene Stock

Moving against Erdene Stock

Other Information on Investing in Erdene Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Cash
Total Current Assets	+ 0.99	Cash And Short Term Investments
Accounts Payable	+ 0.97	Total Current Liabilities

Intangible Assets	- 0.98	Short Term Investments
Total Current Assets	- 0.9	Net Debt
Cash And Short Term Investments	- 0.9	Net Debt
Cash	- 0.9	Net Debt
Other Stockholder Equity	- 0.89	Retained Earnings
Common Stock Total Equity	- 0.89	Retained Earnings