ROKMASTER Accounts Payable vs Net Debt Analysis
RKR Stock | CAD 0.02 0.01 33.33% |
ROKMASTER Resources financial indicator trend analysis is much more than just breaking down ROKMASTER Resources Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ROKMASTER Resources Corp is a good investment. Please check the relationship between ROKMASTER Resources Accounts Payable and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ROKMASTER Resources Corp. 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.
Accounts Payable vs Net Debt
Accounts Payable vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ROKMASTER Resources Corp Accounts Payable account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between ROKMASTER Resources' Accounts Payable and Net Debt is -0.01. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Debt in the same time period over historical financial statements of ROKMASTER Resources Corp, assuming nothing else is changed. The correlation between historical values of ROKMASTER Resources' Accounts Payable and Net 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 Accounts Payable of ROKMASTER Resources Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Accounts Payable i.e., ROKMASTER Resources' Accounts Payable and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.01 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents ROKMASTER Resources obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of ROKMASTER Resources Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.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.Most indicators from ROKMASTER Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ROKMASTER Resources Corp 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 ROKMASTER Resources Corp. 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. Selling General Administrative is likely to climb to about 1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.3 M in 2024.
ROKMASTER Resources fundamental ratios Correlations
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ROKMASTER Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ROKMASTER Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 25.9M | 54.3M | 103.6M | 130.9M | 156.0M | 163.8M | |
Total Assets | 777.3K | 11.6M | 7.0M | 6.6M | 1.4M | 1.3M | |
Other Current Liab | 99.8K | 1.8M | 769.5K | 97.4K | 549.0K | 474.8K | |
Total Current Liabilities | 1.1M | 2.6M | 1.4M | 1.0M | 2.1M | 1.5M | |
Total Stockholder Equity | (287.2K) | 9.1M | 5.6M | 5.5M | (709.7K) | (674.3K) | |
Net Debt | 187.2K | (10.2M) | (4.7M) | (33.2K) | (25.8K) | (27.0K) | |
Retained Earnings | (10.8M) | (16.2M) | (23.7M) | (29.5M) | (37.5M) | (35.6M) | |
Accounts Payable | 756.6K | 779.1K | 622.4K | 940.9K | 1.5M | 870.7K | |
Cash | 20.9K | 10.2M | 4.7M | 33.2K | 25.8K | 24.5K | |
Cash And Short Term Investments | 20.9K | 10.2M | 4.7M | 33.2K | 25.8K | 24.5K | |
Net Receivables | 21.9K | 187.4K | 80.0K | 214.5K | 57.5K | 73.9K | |
Liabilities And Stockholders Equity | 777.3K | 11.6M | 7.0M | 6.6M | 1.4M | 1.3M | |
Other Current Assets | 5.5K | 268.3K | 216.3K | 161.8K | 21.7K | 20.6K | |
Total Liab | 1.1M | 2.6M | 1.4M | 1.0M | 2.1M | 1.5M | |
Total Current Assets | 48.3K | 10.6M | 5.0M | 409.4K | 104.9K | 99.7K | |
Accumulated Other Comprehensive Income | 3.2M | 10.4M | 11.1M | 13.3M | 13.5M | 14.2M | |
Common Stock | 7.4M | 14.9M | 18.2M | 21.7M | 23.2M | 24.4M | |
Net Tangible Assets | 212.9K | (6.0K) | (287.2K) | 9.1M | 10.4M | 11.0M | |
Other Stockholder Equity | 7.0M | 3.1M | 3.2M | 10.4M | 12.0M | 12.6M | |
Net Invested Capital | (79.1K) | 9.1M | 5.6M | 5.5M | (709.7K) | (674.3K) | |
Net Working Capital | (1.0M) | 8.1M | 3.6M | (628.9K) | (2.0M) | (1.9M) | |
Capital Stock | 7.4M | 14.9M | 18.2M | 21.7M | 23.2M | 17.0M |
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