OceanaGold Net Debt vs Cash Analysis

OGC Stock

CAD 4.46 0.01 0.22%

OceanaGold financial indicator trend analysis is much more than just breaking down OceanaGold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OceanaGold is a good investment. Please check the relationship between OceanaGold Net Debt and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OceanaGold. 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 Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of OceanaGold Net Debt account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between OceanaGold's Net Debt and Cash is -0.19. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of OceanaGold, assuming nothing else is changed. The correlation between historical values of OceanaGold's Net Debt and Cash 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 Debt of OceanaGold are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., OceanaGold's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Cash

Cash refers to the most liquid asset of OceanaGold, which is listed under current asset account on OceanaGold balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from OceanaGold customers. The amounts must be unrestricted with restricted cash listed in a different OceanaGold 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.

Most indicators from OceanaGold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OceanaGold 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in OceanaGold. 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.

At this time, OceanaGold's Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Issuance Of Capital Stock is likely to grow to about 147.7 M, while Selling General Administrative is likely to drop about 43.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	232.7M	259.8M	298.7M	153.1M
Total Revenue	744.7M	984.7M	1.0B	525.8M

Gross Profit Total Revenue

OceanaGold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue
Total Assets		0.67	0.38	0.87	0.99	0.99	0.6	0.79	0.79	0.19	1.0	0.9	0.89	0.19	0.31	0.98	0.98	0.91	0.66	0.65	-0.12	0.93	0.78	-0.08	0.98	0.73
Short Long Term Debt Total	0.67		0.26	0.76	0.58	0.65	0.82	0.27	0.52	0.41	0.65	0.58	0.72	0.41	0.18	0.67	0.67	0.86	0.37	0.42	0.26	0.85	0.63	0.45	0.71	0.46
Other Current Liab	0.38	0.26		0.39	0.35	0.38	0.04	0.32	0.29	0.38	0.37	0.47	0.42	0.38	-0.08	0.36	0.34	0.42	0.21	-0.11	-0.13	0.42	0.33	-0.38	0.36	0.47
Total Current Liabilities	0.87	0.76	0.39		0.82	0.89	0.73	0.61	0.75	0.15	0.87	0.82	0.79	0.15	0.38	0.86	0.85	0.84	0.62	0.45	0.02	0.94	0.69	0.3	0.83	0.65
Total Stockholder Equity	0.99	0.58	0.35	0.82		0.98	0.53	0.81	0.76	0.15	0.99	0.89	0.87	0.15	0.29	0.97	0.97	0.86	0.64	0.68	-0.18	0.87	0.75	-0.16	0.97	0.7
Property Plant And Equipment Net	0.99	0.65	0.38	0.89	0.98		0.61	0.81	0.8	0.15	0.99	0.89	0.87	0.15	0.31	0.96	0.98	0.91	0.67	0.6	-0.14	0.94	0.75	-0.06	0.96	0.76
Net Debt	0.6	0.82	0.04	0.73	0.53	0.61		0.3	0.48	-0.19	0.62	0.54	0.67	-0.19	0.28	0.56	0.65	0.68	0.39	0.51	-0.02	0.73	0.29	0.56	0.57	0.38
Retained Earnings	0.79	0.27	0.32	0.61	0.81	0.81	0.3		0.84	-0.04	0.8	0.66	0.7	-0.04	0.39	0.7	0.79	0.63	0.8	0.43	-0.19	0.65	0.48	-0.27	0.72	0.84
Accounts Payable	0.79	0.52	0.29	0.75	0.76	0.8	0.48	0.84		0.1	0.78	0.71	0.67	0.1	0.71	0.77	0.76	0.76	0.92	0.52	-0.06	0.78	0.66	-0.07	0.79	0.86
Cash	0.19	0.41	0.38	0.15	0.15	0.15	-0.19	-0.04	0.1		0.13	0.13	0.16	1.0	-0.16	0.27	0.12	0.37	-0.03	-0.1	0.48	0.3	0.62	-0.12	0.31	0.16
Non Current Assets Total	1.0	0.65	0.37	0.87	0.99	0.99	0.62	0.8	0.78	0.13		0.89	0.89	0.13	0.3	0.96	0.99	0.9	0.65	0.66	-0.16	0.92	0.73	-0.07	0.96	0.72
Non Currrent Assets Other	0.9	0.58	0.47	0.82	0.89	0.89	0.54	0.66	0.71	0.13	0.89		0.78	0.13	0.33	0.89	0.88	0.81	0.62	0.58	-0.15	0.84	0.72	-0.11	0.88	0.72
Other Assets	0.89	0.72	0.42	0.79	0.87	0.87	0.67	0.7	0.67	0.16	0.89	0.78		0.16	0.23	0.84	0.91	0.84	0.59	0.59	0.03	0.85	0.64	0.02	0.87	0.66
Cash And Short Term Investments	0.19	0.41	0.38	0.15	0.15	0.15	-0.19	-0.04	0.1	1.0	0.13	0.13	0.16		-0.16	0.27	0.12	0.37	-0.03	-0.1	0.48	0.3	0.62	-0.12	0.31	0.16
Net Receivables	0.31	0.18	-0.08	0.38	0.29	0.31	0.28	0.39	0.71	-0.16	0.3	0.33	0.23	-0.16		0.34	0.29	0.3	0.68	0.39	-0.05	0.35	0.34	0.07	0.34	0.47
Common Stock Total Equity	0.98	0.67	0.36	0.86	0.97	0.96	0.56	0.7	0.77	0.27	0.96	0.89	0.84	0.27	0.34		0.95	0.9	0.64	0.65	-0.05	0.92	0.86	-0.1	0.99	0.67
Common Stock Shares Outstanding	0.98	0.67	0.34	0.85	0.97	0.98	0.65	0.79	0.76	0.12	0.99	0.88	0.91	0.12	0.29	0.95		0.91	0.63	0.63	-0.08	0.92	0.71	-0.06	0.95	0.73
Non Current Liabilities Total	0.91	0.86	0.42	0.84	0.86	0.91	0.68	0.63	0.76	0.37	0.9	0.81	0.84	0.37	0.3	0.9	0.91		0.61	0.49	0.06	0.98	0.81	0.04	0.92	0.76
Inventory	0.66	0.37	0.21	0.62	0.64	0.67	0.39	0.8	0.92	-0.03	0.65	0.62	0.59	-0.03	0.68	0.64	0.63	0.61		0.4	-0.03	0.64	0.59	-0.11	0.65	0.86
Other Current Assets	0.65	0.42	-0.11	0.45	0.68	0.6	0.51	0.43	0.52	-0.1	0.66	0.58	0.59	-0.1	0.39	0.65	0.63	0.49	0.4		-0.31	0.49	0.42	-0.02	0.7	0.23
Other Stockholder Equity	-0.12	0.26	-0.13	0.02	-0.18	-0.14	-0.02	-0.19	-0.06	0.48	-0.16	-0.15	0.03	0.48	-0.05	-0.05	-0.08	0.06	-0.03	-0.31		0.05	0.23	0.33	-0.04	-0.04
Total Liab	0.93	0.85	0.42	0.94	0.87	0.94	0.73	0.65	0.78	0.3	0.92	0.84	0.85	0.3	0.35	0.92	0.92	0.98	0.64	0.49	0.05		0.79	0.15	0.92	0.75
Total Current Assets	0.78	0.63	0.33	0.69	0.75	0.75	0.29	0.48	0.66	0.62	0.73	0.72	0.64	0.62	0.34	0.86	0.71	0.81	0.59	0.42	0.23	0.79		-0.14	0.85	0.62
Short Term Debt	-0.08	0.45	-0.38	0.3	-0.16	-0.06	0.56	-0.27	-0.07	-0.12	-0.07	-0.11	0.02	-0.12	0.07	-0.1	-0.06	0.04	-0.11	-0.02	0.33	0.15	-0.14		-0.09	-0.21
Common Stock	0.98	0.71	0.36	0.83	0.97	0.96	0.57	0.72	0.79	0.31	0.96	0.88	0.87	0.31	0.34	0.99	0.95	0.92	0.65	0.7	-0.04	0.92	0.85	-0.09		0.69
Current Deferred Revenue	0.73	0.46	0.47	0.65	0.7	0.76	0.38	0.84	0.86	0.16	0.72	0.72	0.66	0.16	0.47	0.67	0.73	0.76	0.86	0.23	-0.04	0.75	0.62	-0.21	0.69

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OceanaGold Account Relationship Matchups

OceanaGold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.1B	2.3B	2.3B	2.3B	2.4B	1.5B
Short Long Term Debt Total	228.4M	312.9M	370.9M	253.4M	231.8M	225.9M
Other Current Liab	6.9M	67.2M	21.9M	(6.1M)	27.5M	21.6M
Total Current Liabilities	202.7M	266.3M	202.3M	229.6M	311M	176.2M
Total Stockholder Equity	1.6B	1.6B	1.5B	1.7B	1.7B	1.0B
Property Plant And Equipment Net	1.5B	1.6B	1.6B	1.7B	1.9B	1.1B
Net Debt	179.4M	133.9M	237.9M	170.2M	170.1M	116.1M
Retained Earnings	391M	240.6M	236.9M	369.5M	438.3M	460.2M
Accounts Payable	120.5M	132.5M	143.2M	174.7M	212.3M	222.9M
Cash	49M	179M	133M	83.2M	61.7M	98.5M
Non Current Assets Total	1.9B	1.9B	2.0B	2.0B	2.1B	1.3B
Non Currrent Assets Other	185.6M	312.7M	190.2M	292.9M	264.2M	137.6M
Other Assets	299.7M	326.3M	337.6M	243.2M	279.7M	235.8M
Cash And Short Term Investments	49M	179M	133M	83.2M	61.7M	98.5M
Net Receivables	1.9M	7.5M	18.4M	34.1M	44.2M	46.4M
Common Stock Total Equity	1.1B	1.1B	1.1B	1.2B	1.4B	808.9M
Common Stock Shares Outstanding	628.8M	633.2M	652.5M	717.5M	722.6M	450.6M
Liabilities And Stockholders Equity	2.1B	2.3B	2.3B	2.3B	2.4B	1.5B
Non Current Liabilities Total	305.9M	422.1M	507.7M	387.7M	402.2M	297.5M
Inventory	145.4M	108.2M	127.1M	147.1M	205.3M	215.6M
Other Current Assets	19.6M	12.4M	19.2M	24.5M	14.3M	16.1M
Other Stockholder Equity	48.6M	56.4M	63.9M	71.1M	73.2M	129.3M
Total Liab	508.6M	688.4M	710M	617.3M	713.2M	473.7M
Total Current Assets	216.2M	307.1M	297.7M	288.9M	325.5M	214.9M
Short Term Debt	49.6M	23.5M	28.8M	56.5M	34.8M	42.7M
Common Stock	1.1B	1.2B	1.2B	1.2B	1.2B	911.4M
Current Deferred Revenue	34.8M	39.3M	42.7M	76.7M	88.2M	92.6M
Accumulated Other Comprehensive Income	17M	38.4M	17.3M	2.2M	(14.6M)	(13.9M)
Other Liab	102.3M	132.7M	165.6M	163.1M	187.6M	120.2M
Net Tangible Assets	1.6B	1.6B	1.5B	1.7B	1.9B	1.4B
Long Term Investments	2.6M	2.7M	5.5M	1.2M	600K	0.0
Property Plant Equipment	1.5B	1.6B	1.6B	1.7B	1.9B	1.4B
Long Term Debt Total	203.6M	289.4M	342.1M	224.6M	258.3M	251.5M
Capital Lease Obligations	78.4M	106.2M	113.2M	98.4M	113.2M	80.9M
Non Current Liabilities Other	3.8M	3.6M	3.1M	2.5M	2.3M	3.8M
Cash And Equivalents	49M	179M	133M	83.2M	95.7M	109.1M
Net Invested Capital	1.7B	1.8B	1.8B	1.8B	2.0B	2.0B

Pair Trading with OceanaGold

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 OceanaGold 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 OceanaGold will appreciate offsetting losses from the drop in the long position's value.

Moving against OceanaGold Stock

0.74	INFM	Infinico Metals Corp	Pair Corr
0.46	ORE	Orezone Gold Corp	Pair Corr

The ability to find closely correlated positions to OceanaGold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OceanaGold 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 OceanaGold - 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 OceanaGold to buy it.

The correlation of OceanaGold 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 OceanaGold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OceanaGold 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 OceanaGold 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 OceanaGold Stock

Balance Sheet is a snapshot of the financial position of OceanaGold at a specified time, usually calculated after every quarter, six months, or one year. OceanaGold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of OceanaGold 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 OceanaGold currently owns. An asset can also be divided into two categories, current and non-current.

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OceanaGold Net Debt vs Cash Analysis

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

Correlation Coefficient

Net Debt

Cash

OceanaGold fundamental ratios Correlations

OceanaGold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

OceanaGold fundamental ratios Accounts

Pair Trading with OceanaGold

Moving against OceanaGold Stock

Other Information on Investing in OceanaGold Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Short Term Debt	- 0.38	Other Current Liab
Other Stockholder Equity	- 0.31	Other Current Assets
Short Term Debt	- 0.27	Retained Earnings
Current Deferred Revenue	- 0.21	Short Term Debt
Other Stockholder Equity	- 0.19	Retained Earnings
Cash And Short Term Investments	- 0.19	Net Debt