Astral Total Current Assets vs Property Plant And Equipment Net Analysis

AAR Stock

0.13 0.01 7.14%

Astral Resources financial indicator trend analysis is way more than just evaluating Astral Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Astral Resources is a good investment. Please check the relationship between Astral Resources Total Current Assets and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astral Resources NL. 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.

Total Current Assets vs Property Plant And Equipment Net

Total Current Assets vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astral Resources Total Current Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Astral Resources' Total Current Assets and Property Plant And Equipment Net is 0.49. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Astral Resources NL, assuming nothing else is changed. The correlation between historical values of Astral Resources' Total Current Assets and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Astral Resources NL are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Current Assets i.e., Astral Resources' Total Current Assets and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.49

Relationship Direction	Positive
Relationship Strength	Weak

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Most indicators from Astral Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Astral 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 Astral Resources NL. 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 gain to about 692 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 9.2 M in 2024.

Astral Resources fundamental ratios Correlations

	Total Assets	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	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt	Non Current Liabilities Total	Other Liab	Long Term Debt
Total Assets		0.71	0.79	1.0	0.71	-0.78	-0.93	0.68	0.79	0.99	0.48	0.79	0.62	0.78	0.91	0.55	0.82	0.97	0.81	0.98	0.06	0.57	-0.07	0.88	0.32	-0.38
Other Current Liab	0.71		0.93	0.69	0.27	-0.48	-0.71	0.71	0.49	0.72	0.66	0.49	0.47	0.56	0.68	0.41	0.93	0.7	0.5	0.71	0.12	0.95	-0.02	0.66	0.28	-0.19
Total Current Liabilities	0.79	0.93		0.77	0.28	-0.47	-0.84	0.92	0.47	0.82	0.78	0.47	0.64	0.56	0.71	0.57	1.0	0.78	0.49	0.82	-0.02	0.79	-0.08	0.65	0.4	-0.17
Total Stockholder Equity	1.0	0.69	0.77		0.72	-0.78	-0.93	0.66	0.8	0.99	0.46	0.8	0.61	0.78	0.91	0.54	0.81	0.97	0.81	0.97	0.06	0.55	-0.07	0.88	0.31	-0.38
Property Plant And Equipment Net	0.71	0.27	0.28	0.72		-0.46	-0.54	0.13	0.48	0.72	-0.26	0.48	0.25	0.51	0.63	0.32	0.33	0.73	0.49	0.64	0.18	0.16	0.03	0.64	-0.07	-0.36
Net Debt	-0.78	-0.48	-0.47	-0.78	-0.46		0.73	-0.32	-1.0	-0.67	-0.36	-1.0	-0.36	-0.67	-0.72	-0.41	-0.52	-0.64	-1.0	-0.76	-0.03	-0.51	0.11	-0.79	-0.35	0.3
Retained Earnings	-0.93	-0.71	-0.84	-0.93	-0.54	0.73		-0.8	-0.74	-0.92	-0.59	-0.74	-0.71	-0.74	-0.77	-0.67	-0.87	-0.87	-0.76	-0.99	0.01	-0.57	0.09	-0.84	-0.37	0.37
Accounts Payable	0.68	0.71	0.92	0.66	0.13	-0.32	-0.8		0.31	0.73	0.84	0.31	0.7	0.41	0.56	0.62	0.9	0.67	0.34	0.75	-0.2	0.52	-0.13	0.46	0.51	-0.07
Cash	0.79	0.49	0.47	0.8	0.48	-1.0	-0.74	0.31		0.68	0.34	1.0	0.36	0.69	0.73	0.41	0.52	0.66	1.0	0.77	0.05	0.51	-0.1	0.8	0.33	-0.31
Non Current Assets Total	0.99	0.72	0.82	0.99	0.72	-0.67	-0.92	0.73	0.68		0.48	0.68	0.64	0.75	0.89	0.54	0.85	0.99	0.7	0.96	0.05	0.54	-0.06	0.84	0.29	-0.37
Non Currrent Assets Other	0.48	0.66	0.78	0.46	-0.26	-0.36	-0.59	0.84	0.34	0.48		0.34	0.58	0.41	0.45	0.35	0.77	0.46	0.36	0.53	-0.15	0.56	-0.12	0.36	0.5	-0.06
Cash And Short Term Investments	0.79	0.49	0.47	0.8	0.48	-1.0	-0.74	0.31	1.0	0.68	0.34		0.36	0.69	0.73	0.41	0.52	0.66	1.0	0.77	0.05	0.51	-0.1	0.8	0.33	-0.31
Net Receivables	0.62	0.47	0.64	0.61	0.25	-0.36	-0.71	0.7	0.36	0.64	0.58	0.36		0.48	0.61	0.55	0.67	0.61	0.39	0.68	-0.04	0.36	-0.16	0.62	0.45	-0.05
Common Stock Total Equity	0.78	0.56	0.56	0.78	0.51	-0.67	-0.74	0.41	0.69	0.75	0.41	0.69	0.48		0.69	0.06	0.61	0.8	0.69	0.77	0.34	0.49	0.04	0.9	-0.1	-0.79
Common Stock Shares Outstanding	0.91	0.68	0.71	0.91	0.63	-0.72	-0.77	0.56	0.73	0.89	0.45	0.73	0.61	0.69		0.34	0.74	0.9	0.75	0.84	-0.06	0.61	-0.29	0.82	0.42	-0.17
Other Stockholder Equity	0.55	0.41	0.57	0.54	0.32	-0.41	-0.67	0.62	0.41	0.54	0.35	0.41	0.55	0.06	0.34		0.58	0.44	0.43	0.63	-0.11	0.28	0.12	0.34	0.57	0.22
Total Liab	0.82	0.93	1.0	0.81	0.33	-0.52	-0.87	0.9	0.52	0.85	0.77	0.52	0.67	0.61	0.74	0.58		0.81	0.54	0.86	-0.01	0.8	-0.08	0.7	0.4	-0.2
Property Plant And Equipment Gross	0.97	0.7	0.78	0.97	0.73	-0.64	-0.87	0.67	0.66	0.99	0.46	0.66	0.61	0.8	0.9	0.44	0.81		0.68	0.93	0.13	0.53	-0.03	0.85	0.24	-0.44
Total Current Assets	0.81	0.5	0.49	0.81	0.49	-1.0	-0.76	0.34	1.0	0.7	0.36	1.0	0.39	0.69	0.75	0.43	0.54	0.68		0.79	0.05	0.52	-0.1	0.81	0.34	-0.31
Common Stock	0.98	0.71	0.82	0.97	0.64	-0.76	-0.99	0.75	0.77	0.96	0.53	0.77	0.68	0.77	0.84	0.63	0.86	0.93	0.79		0.02	0.57	-0.08	0.87	0.34	-0.38
Short Long Term Debt Total	0.06	0.12	-0.02	0.06	0.18	-0.03	0.01	-0.2	0.05	0.05	-0.15	0.05	-0.04	0.34	-0.06	-0.11	-0.01	0.13	0.05	0.02		0.07	0.79	0.27	-0.34	-0.51
Current Deferred Revenue	0.57	0.95	0.79	0.55	0.16	-0.51	-0.57	0.52	0.51	0.54	0.56	0.51	0.36	0.49	0.61	0.28	0.8	0.53	0.52	0.57	0.07		-0.13	0.62	0.25	-0.12
Short Term Debt	-0.07	-0.02	-0.08	-0.07	0.03	0.11	0.09	-0.13	-0.1	-0.06	-0.12	-0.1	-0.16	0.04	-0.29	0.12	-0.08	-0.03	-0.1	-0.08	0.79	-0.13		0.01	-0.21	-0.33
Non Current Liabilities Total	0.88	0.66	0.65	0.88	0.64	-0.79	-0.84	0.46	0.8	0.84	0.36	0.8	0.62	0.9	0.82	0.34	0.7	0.85	0.81	0.87	0.27	0.62	0.01		0.18	-0.55
Other Liab	0.32	0.28	0.4	0.31	-0.07	-0.35	-0.37	0.51	0.33	0.29	0.5	0.33	0.45	-0.1	0.42	0.57	0.4	0.24	0.34	0.34	-0.34	0.25	-0.21	0.18		0.56
Long Term Debt	-0.38	-0.19	-0.17	-0.38	-0.36	0.3	0.37	-0.07	-0.31	-0.37	-0.06	-0.31	-0.05	-0.79	-0.17	0.22	-0.2	-0.44	-0.31	-0.38	-0.51	-0.12	-0.33	-0.55	0.56

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Astral Resources Account Relationship Matchups

Astral Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.2M	23.3M	22.8M	27.0M	35.5M	37.3M
Other Current Liab	153.3K	242.0K	1.1M	369.4K	392.9K	412.5K
Total Current Liabilities	527.1K	576.0K	1.9M	1.4M	866.3K	909.6K
Total Stockholder Equity	11.5M	22.6M	20.8M	25.5M	34.5M	36.2M
Property Plant And Equipment Net	161.5K	141.3K	189.8K	111.6K	29.5M	31.0M
Net Debt	(3.3M)	(9.7M)	(3.1M)	(1.3M)	(5.6M)	(5.4M)
Retained Earnings	(33.2M)	(36.8M)	(39.2M)	(43.0M)	(45.6M)	(43.3M)
Accounts Payable	316.4K	288.9K	716.4K	984.5K	383.7K	294.5K
Cash	3.4M	9.8M	3.2M	1.3M	5.8M	6.1M
Non Current Assets Total	8.4M	13.4M	19.5M	25.4M	29.5M	31.0M
Non Currrent Assets Other	8.3M	13.2M	19.2M	25.3M	(1.0)	(0.95)
Cash And Short Term Investments	3.4M	9.8M	3.2M	1.3M	5.8M	6.1M
Net Receivables	299.7K	62.9K	140.0K	262.3K	156.0K	167.0K
Common Stock Shares Outstanding	412.7M	564.8M	605.7M	654.0M	813.9M	854.6M
Liabilities And Stockholders Equity	12.2M	23.3M	22.8M	27.0M	35.5M	37.3M
Other Stockholder Equity	(915.7K)	(915.7K)	(1.0)	(19.6K)	(18.2K)	(1.05)
Total Liab	663.7K	693.9K	2.0M	1.5M	1.0M	1.1M
Property Plant And Equipment Gross	8.4M	13.4M	19.4M	25.4M	29.5M	31.0M
Total Current Assets	3.7M	9.9M	3.3M	1.6M	6.0M	6.3M
Accumulated Other Comprehensive Income	1.1M	3.0M	2.6M	2.9M	3.5M	3.7M
Common Stock	43.6M	56.4M	57.4M	65.6M	76.6M	80.4M
Short Long Term Debt Total	104.1K	64.0K	117.1K	50.5K	119.8K	114.2K
Current Deferred Revenue	153.1K	241.7K	1.1M	1.0	221.4K	232.4K
Non Current Liabilities Total	136.5K	117.8K	126.9K	99.4K	161.8K	147.5K
Other Liab	89.8K	99.0K	86.9K	99.4K	89.5K	70.8K
Property Plant Equipment	8.4M	13.4M	19.4M	25.4M	29.2M	30.6M
Other Current Assets	8.3K	12.8K	9.3K	44.8K	77.7K	82.9K
Net Tangible Assets	11.5M	22.6M	20.8M	25.5M	29.3M	30.8M
Net Invested Capital	11.5M	22.6M	20.8M	25.5M	34.5M	17.5M
Net Working Capital	3.2M	9.3M	1.5M	221.4K	5.1M	2.8M
Capital Stock	43.6M	56.4M	57.4M	65.6M	76.6M	61.4M

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