Abcourt Cash And Short Term Investments vs Net Debt Analysis

ABI Stock

CAD 0.04 0.01 10.00%

Abcourt Mines financial indicator trend analysis is way more than just evaluating Abcourt Mines prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Abcourt Mines is a good investment. Please check the relationship between Abcourt Mines Cash And Short Term Investments and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abcourt Mines. 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.

Cash And Short Term Investments vs Net Debt

Cash And Short Term Investments vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Abcourt Mines Cash And Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Abcourt Mines' Cash And Short Term Investments and Net Debt is -0.57. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Abcourt Mines, assuming nothing else is changed. The correlation between historical values of Abcourt Mines' Cash And Short Term Investments 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 Cash And Short Term Investments of Abcourt Mines 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 Cash And Short Term Investments i.e., Abcourt Mines' Cash And Short Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.57

Relationship Direction	Negative
Relationship Strength	Very Weak

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Abcourt Mines balance sheet. This account contains Abcourt Mines investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Abcourt Mines fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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 Abcourt Mines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Abcourt Mines 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 Abcourt Mines. 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, Abcourt Mines' Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 7.4 M in 2024, whereas Tax Provision is likely to drop slightly above 156.2 K in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	25.7M	144.5K	165.9K	157.6K
Interest Income	841.0	59.5K	74.5K	78.2K

Reconciled Depreciation Interest Income

Abcourt Mines fundamental ratios Correlations

	Total Assets	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 Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Inventory	Intangible Assets	Other Current Liab	Short Long Term Debt Total	Short Term Debt	Non Current Liabilities Total	Other Liab	Net Tangible Assets
Total Assets		0.18	0.83	0.95	-0.73	0.36	-0.04	0.82	0.99	0.12	0.41	0.61	0.31	-0.13	-0.1	-0.26	0.16	0.89	0.64	0.21	0.69	0.44	0.58	0.13	0.5	0.72
Total Current Liabilities	0.18		-0.38	-0.06	0.47	-0.78	0.89	0.15	0.17	0.97	-0.13	0.1	0.92	-0.4	-0.31	-0.73	0.96	0.22	0.37	-0.49	0.23	0.62	0.5	0.9	0.86	-0.29
Total Stockholder Equity	0.83	-0.38		0.92	-0.93	0.78	-0.53	0.68	0.83	-0.43	0.46	0.47	-0.25	0.12	0.08	0.2	-0.42	0.71	0.41	0.5	0.56	0.08	0.27	-0.44	-0.03	0.86
Property Plant And Equipment Net	0.95	-0.06	0.92		-0.81	0.53	-0.27	0.72	0.96	-0.11	0.37	0.62	0.12	-0.07	-0.09	0.0	-0.07	0.77	0.53	0.24	0.62	0.3	0.47	-0.09	0.24	0.75
Net Debt	-0.73	0.47	-0.93	-0.81		-0.82	0.6	-0.74	-0.71	0.53	-0.57	-0.37	0.34	-0.21	-0.18	-0.16	0.46	-0.67	-0.28	-0.44	-0.46	0.11	-0.08	0.44	0.1	-0.81
Retained Earnings	0.36	-0.78	0.78	0.53	-0.82		-0.82	0.3	0.36	-0.78	0.29	0.13	-0.74	0.2	0.16	0.39	-0.79	0.29	0.1	0.52	0.29	-0.37	-0.18	-0.77	-0.47	0.77
Accounts Payable	-0.04	0.89	-0.53	-0.27	0.6	-0.82		0.07	-0.06	0.88	-0.11	-0.16	0.8	-0.29	-0.22	-0.55	0.86	0.05	0.21	-0.48	-0.16	0.46	0.34	0.8	0.7	-0.32
Cash	0.82	0.15	0.68	0.72	-0.74	0.3	0.07		0.78	0.04	0.68	0.3	0.23	0.1	0.1	-0.26	0.13	0.89	0.49	0.19	0.44	0.24	0.35	0.11	0.45	0.67
Non Current Assets Total	0.99	0.17	0.83	0.96	-0.71	0.36	-0.06	0.78		0.11	0.34	0.61	0.31	-0.18	-0.17	-0.23	0.15	0.83	0.66	0.21	0.68	0.46	0.61	0.12	0.48	0.71
Non Currrent Assets Other	0.12	0.97	-0.43	-0.11	0.53	-0.78	0.88	0.04	0.11		-0.17	0.14	0.89	-0.36	-0.27	-0.7	0.95	0.15	0.28	-0.52	0.15	0.51	0.39	0.9	0.81	-0.3
Cash And Short Term Investments	0.41	-0.13	0.46	0.37	-0.57	0.29	-0.11	0.68	0.34	-0.17		0.09	-0.05	0.75	0.8	0.13	-0.14	0.67	-0.24	0.13	0.1	-0.25	-0.17	-0.14	0.01	0.38
Net Receivables	0.61	0.1	0.47	0.62	-0.37	0.13	-0.16	0.3	0.61	0.14	0.09		0.27	-0.01	-0.1	-0.1	0.14	0.5	0.28	0.05	0.42	0.15	0.21	0.16	0.25	0.26
Common Stock Shares Outstanding	0.31	0.92	-0.25	0.12	0.34	-0.74	0.8	0.23	0.31	0.89	-0.05	0.27		-0.33	-0.27	-0.58	0.94	0.28	0.31	-0.58	0.14	0.63	0.54	0.92	0.8	-0.3
Short Term Investments	-0.13	-0.4	0.12	-0.07	-0.21	0.2	-0.29	0.1	-0.18	-0.36	0.75	-0.01	-0.33		0.94	0.54	-0.41	0.13	-0.72	0.12	-0.28	-0.64	-0.64	-0.39	-0.46	-0.03
Other Current Assets	-0.1	-0.31	0.08	-0.09	-0.18	0.16	-0.22	0.1	-0.17	-0.27	0.8	-0.1	-0.27	0.94		0.4	-0.31	0.19	-0.72	0.09	-0.21	-0.5	-0.5	-0.29	-0.35	-0.02
Other Stockholder Equity	-0.26	-0.73	0.2	0.0	-0.16	0.39	-0.55	-0.26	-0.23	-0.7	0.13	-0.1	-0.58	0.54	0.4		-0.76	-0.35	-0.57	0.25	-0.41	-0.47	-0.41	-0.75	-0.88	-0.02
Total Liab	0.16	0.96	-0.42	-0.07	0.46	-0.79	0.86	0.13	0.15	0.95	-0.14	0.14	0.94	-0.41	-0.31	-0.76		0.18	0.31	-0.6	0.11	0.55	0.44	0.98	0.85	-0.35
Total Current Assets	0.89	0.22	0.71	0.77	-0.67	0.29	0.05	0.89	0.83	0.15	0.67	0.5	0.28	0.13	0.19	-0.35	0.18		0.49	0.18	0.61	0.3	0.41	0.15	0.54	0.66
Inventory	0.64	0.37	0.41	0.53	-0.28	0.1	0.21	0.49	0.66	0.28	-0.24	0.28	0.31	-0.72	-0.72	-0.57	0.31	0.49		0.2	0.62	0.65	0.72	0.25	0.65	0.51
Intangible Assets	0.21	-0.49	0.5	0.24	-0.44	0.52	-0.48	0.19	0.21	-0.52	0.13	0.05	-0.58	0.12	0.09	0.25	-0.6	0.18	0.2		0.31	0.02	0.09	-0.65	-0.22	0.51
Other Current Liab	0.69	0.23	0.56	0.62	-0.46	0.29	-0.16	0.44	0.68	0.15	0.1	0.42	0.14	-0.28	-0.21	-0.41	0.11	0.61	0.62	0.31		0.45	0.5	0.03	0.44	0.48
Short Long Term Debt Total	0.44	0.62	0.08	0.3	0.11	-0.37	0.46	0.24	0.46	0.51	-0.25	0.15	0.63	-0.64	-0.5	-0.47	0.55	0.3	0.65	0.02	0.45		0.97	0.48	0.68	0.03
Short Term Debt	0.58	0.5	0.27	0.47	-0.08	-0.18	0.34	0.35	0.61	0.39	-0.17	0.21	0.54	-0.64	-0.5	-0.41	0.44	0.41	0.72	0.09	0.5	0.97		0.38	0.63	0.23
Non Current Liabilities Total	0.13	0.9	-0.44	-0.09	0.44	-0.77	0.8	0.11	0.12	0.9	-0.14	0.16	0.92	-0.39	-0.29	-0.75	0.98	0.15	0.25	-0.65	0.03	0.48	0.38		0.82	-0.38
Other Liab	0.5	0.86	-0.03	0.24	0.1	-0.47	0.7	0.45	0.48	0.81	0.01	0.25	0.8	-0.46	-0.35	-0.88	0.85	0.54	0.65	-0.22	0.44	0.68	0.63	0.82		0.09
Net Tangible Assets	0.72	-0.29	0.86	0.75	-0.81	0.77	-0.32	0.67	0.71	-0.3	0.38	0.26	-0.3	-0.03	-0.02	-0.02	-0.35	0.66	0.51	0.51	0.48	0.03	0.23	-0.38	0.09

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Abcourt Mines Account Relationship Matchups

Abcourt Mines fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	45.8M	31.8M	12.3M	17.4M	20.0M	18.6M
Total Current Liabilities	6.4M	7.3M	8.6M	7.3M	8.4M	8.8M
Total Stockholder Equity	31.7M	16.7M	(3.1M)	(1.9M)	(2.1M)	(2.0M)
Property Plant And Equipment Net	32.5M	17.6M	3.0M	8.7M	10.0M	12.2M
Net Debt	(2.0M)	(529.5K)	1.8M	890.3K	801.2K	841.3K
Retained Earnings	(19.7M)	(35.2M)	(56.9M)	(62.3M)	(56.1M)	(53.3M)
Accounts Payable	2.0M	5.2M	3.7M	3.4M	3.9M	4.1M
Cash	2.0M	2.5M	720.5K	964.0K	1.1M	1.1M
Non Current Assets Total	38.4M	24.9M	8.9M	14.6M	16.7M	14.7M
Cash And Short Term Investments	2.0M	2.5M	720.5K	964.0K	1.1M	1.5M
Net Receivables	1.6M	661.4K	337.4K	1.3M	1.5M	890.8K
Common Stock Shares Outstanding	305.4M	311.6M	312.9M	357.5M	411.1M	431.7M
Liabilities And Stockholders Equity	45.8M	31.8M	12.3M	17.4M	20.0M	18.6M
Other Current Assets	63.9K	82.9K	44.3K	99.4K	89.5K	85.0K
Other Stockholder Equity	7.1M	7.1M	7.2M	7.4M	6.6M	6.3M
Total Liab	14.1M	15.1M	15.4M	19.3M	22.2M	23.3M
Total Current Assets	7.4M	6.9M	3.4M	2.8M	3.3M	3.9M
Accumulated Other Comprehensive Income	31.5K	27K	340.9K	621.9K	559.7K	587.7K
Inventory	3.8M	3.7M	2.3M	462.3K	531.7K	505.1K
Other Current Liab	4.5M	214.9K	3.1M	170.7K	196.3K	186.5K
Non Current Liabilities Total	7.7M	7.7M	6.8M	11.9M	13.7M	14.4M
Other Liab	5.9M	7.7M	7.7M	6.2M	7.1M	5.6M
Net Tangible Assets	30.8M	31.7M	34.7M	8.5M	9.8M	9.3M
Common Stock	44.2M	44.9M	46.2M	52.5M	60.3M	47.3M
Property Plant Equipment	28.4M	32.5M	35.5M	14.7M	16.9M	27.9M
Other Assets	6.9M	5.9M	7.3M	5.9M	6.7M	5.5M
Net Invested Capital	31.7M	36.6M	11.0M	(13.7K)	(12.3K)	(11.7K)
Net Working Capital	975.4K	(413.1K)	(5.2M)	(4.5M)	(4.0M)	(3.8M)
Capital Stock	44.2M	44.9M	46.2M	52.5M	60.3M	50.9M

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