IAMGold Cash vs Short Term Debt Analysis
IMG Stock | CAD 8.38 0.40 5.01% |
IAMGold financial indicator trend analysis is infinitely more than just investigating IAMGold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IAMGold is a good investment. Please check the relationship between IAMGold Cash and its Short Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IAMGold. 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. To learn how to invest in IAMGold Stock, please use our How to Invest in IAMGold guide.
Cash vs Short Term Debt
Cash vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IAMGold Cash account and Short Term Debt. At this time, the significance of the direction appears to have weak relationship.
The correlation between IAMGold's Cash and Short Term Debt is 0.32. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of IAMGold, assuming nothing else is changed. The correlation between historical values of IAMGold's Cash and Short Term 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 Cash of IAMGold are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Cash i.e., IAMGold's Cash and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of IAMGold, which is listed under current asset account on IAMGold balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from IAMGold customers. The amounts must be unrestricted with restricted cash listed in a different IAMGold account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Short Term Debt
Most indicators from IAMGold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IAMGold 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IAMGold. 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. To learn how to invest in IAMGold Stock, please use our How to Invest in IAMGold guide.At this time, IAMGold's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 12th of December 2024, Enterprise Value Multiple is likely to grow to 7.70, while Selling General Administrative is likely to drop about 32.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 172.1M | 82.6M | 124.4M | 90.0M | Cost Of Revenue | 1.1B | 810.9M | 863M | 583.5M |
IAMGold fundamental ratios Correlations
Click cells to compare fundamentals
IAMGold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IAMGold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.9B | 4.2B | 4.0B | 4.4B | 4.5B | 2.7B | |
Short Long Term Debt Total | 467.3M | 533.4M | 530M | 992.5M | 952.1M | 999.7M | |
Other Current Liab | (11.9M) | (38M) | 218.9M | 300.5M | 281.3M | 295.4M | |
Total Current Liabilities | 266M | 334.8M | 581.7M | 646.2M | 630.8M | 662.3M | |
Total Stockholder Equity | 2.3B | 2.5B | 2.2B | 2.1B | 2.2B | 1.8B | |
Property Plant And Equipment Net | 2.3B | 2.4B | 2.6B | 2.7B | 3.5B | 3.7B | |
Net Debt | (363.3M) | (408.1M) | (14.9M) | 584.7M | 585M | 614.3M | |
Retained Earnings | (350.2M) | (307.9M) | (562.2M) | (632.4M) | (538.3M) | (511.4M) | |
Accounts Payable | 211.9M | 244.7M | 304.4M | 294.1M | 317.6M | 333.5M | |
Cash | 830.6M | 941.5M | 544.9M | 407.8M | 367.1M | 352.1M | |
Non Current Assets Total | 2.6B | 2.8B | 3.0B | 2.9B | 3.8B | 2.0B | |
Non Currrent Assets Other | 307.3M | 333M | 325.8M | 203M | 243.6M | 282.4M | |
Cash And Short Term Investments | 836.7M | 947.5M | 552.5M | 407.8M | 367.1M | 387.0M | |
Common Stock Shares Outstanding | 468M | 478M | 476.5M | 478.6M | 484.6M | 317.7M | |
Liabilities And Stockholders Equity | 3.9B | 4.2B | 4.0B | 4.4B | 4.5B | 2.7B | |
Non Current Liabilities Total | 1.2B | 1.3B | 1.1B | 1.6B | 1.6B | 1.7B | |
Other Current Assets | 110.1M | 120.7M | 96.5M | 913.6M | 120.3M | 133.7M | |
Other Stockholder Equity | 54M | 60.6M | 59.1M | 58.2M | 59.2M | 56.2M | |
Total Liab | 1.4B | 1.6B | 1.7B | 2.2B | 2.3B | 2.4B | |
Property Plant And Equipment Gross | 2.3B | 2.4B | 6.6B | 5.7B | 6.8B | 7.2B | |
Total Current Assets | 1.3B | 1.4B | 951.1M | 1.5B | 753.7M | 700.5M | |
Accumulated Other Comprehensive Income | (44.5M) | (5.3M) | 23.8M | (21.3M) | (47M) | (44.7M) | |
Short Term Debt | 18M | 25.9M | 28.9M | 13.8M | 26.1M | 43.8M | |
Net Receivables | 3.2M | 120.7M | 47.2M | 83M | 66.6M | 47.9M | |
Inventory | 308.5M | 327.3M | 302.1M | 199.9M | 266.3M | 166.0M | |
Other Assets | 288.3M | 304.8M | 313M | 259.5M | 298.4M | 270.8M | |
Common Stock Total Equity | 2.7B | 2.7B | 2.7B | 2.7B | 3.1B | 2.3B | |
Common Stock | 2.7B | 2.7B | 2.7B | 2.7B | 2.7B | 2.4B | |
Short Term Investments | 6.1M | 6M | 7.6M | 0.0 | (13.5M) | (12.8M) | |
Other Liab | 728M | 766.5M | 571.7M | 593.4M | 682.4M | 608.9M | |
Net Tangible Assets | 2.3B | 2.5B | 2.2B | 2.1B | 1.9B | 1.9B | |
Long Term Debt | 403.9M | 458.7M | 456.9M | 910M | 825.8M | 624.1M | |
Long Term Investments | 23.4M | 31.6M | 45.1M | 8.1M | 16.2M | 15.4M | |
Property Plant Equipment | 2.3B | 2.4B | 2.6B | 2.6B | 2.4B | 2.0B | |
Long Term Debt Total | 449.3M | 507.5M | 501.1M | 978.7M | 1.1B | 596.7M |
Pair Trading with IAMGold
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 IAMGold 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 IAMGold will appreciate offsetting losses from the drop in the long position's value.Moving together with IAMGold Stock
Moving against IAMGold Stock
The ability to find closely correlated positions to IAMGold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IAMGold 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 IAMGold - 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 IAMGold to buy it.
The correlation of IAMGold 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 IAMGold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IAMGold 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 IAMGold 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IAMGold. 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. To learn how to invest in IAMGold Stock, please use our How to Invest in IAMGold guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.