Albion Common Stock vs Capital Lease Obligations Analysis

ALB Stock

0.04 0 2.27%

Albion Resources financial indicator trend analysis is way more than just evaluating Albion Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Albion Resources is a good investment. Please check the relationship between Albion Resources Common Stock and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Albion Resources Limited. 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.

Common Stock vs Capital Lease Obligations

Common Stock vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Albion Resources Common Stock account and Capital Lease Obligations. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Albion Resources' Common Stock and Capital Lease Obligations is -0.67. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Albion Resources Limited, assuming nothing else is changed. The correlation between historical values of Albion Resources' Common Stock and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Albion Resources Limited are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Common Stock i.e., Albion Resources' Common Stock and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

-0.67

Relationship Direction	Negative
Relationship Strength	Weak

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Common Stock

Capital Lease Obligations

Albion Resources capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Albion Resources asset purchases. For example, Albion Resources can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Albion Resources control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Most indicators from Albion Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Albion 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 Albion Resources Limited. 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.

Issuance Of Capital Stock is likely to gain to about 1.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 352.5 K in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	2.2M	878.7K	778.4K	682.2K
Depreciation And Amortization	17.9K	41.9K	126.5K	87.9K

Other Operating Expenses Depreciation And Amortization

Albion Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Inventory	Other Current Assets	Short Term Debt	Net Tangible Assets	Other Stockholder Equity	Net Invested Capital	Capital Stock	Net Working Capital	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross	Property Plant Equipment
Total Assets		0.82	1.0	-0.99	-0.72	0.93	1.0	1.0	0.96	-0.1	0.69	1.0	0.87	0.91	-0.82	0.86	-0.17	0.98	0.63	-0.62	0.52	-0.62	-0.3	-0.3	-0.3	-0.54
Total Current Liabilities	0.82		0.81	-0.8	-0.53	0.95	0.81	0.81	0.9	-0.32	0.94	0.81	0.66	0.77	-0.83	0.78	0.35	0.76	0.34	-0.56	0.13	-0.57	-0.19	-0.19	-0.19	-0.18
Total Stockholder Equity	1.0	0.81		-0.99	-0.72	0.92	1.0	1.0	0.95	-0.09	0.66	1.0	0.87	0.91	-0.81	0.85	-0.2	0.98	0.63	-0.61	0.53	-0.61	-0.31	-0.31	-0.31	-0.55
Net Debt	-0.99	-0.8	-0.99		0.74	-0.91	-0.99	-0.99	-0.94	0.08	-0.63	-0.99	-0.91	-0.93	0.82	-0.84	0.24	-0.99	-0.64	0.64	-0.56	0.64	0.41	0.41	0.41	0.6
Retained Earnings	-0.72	-0.53	-0.72	0.74		-0.52	-0.71	-0.71	-0.66	-0.56	-0.45	-0.71	-0.94	-0.91	0.76	-0.92	0.1	-0.79	-0.95	0.95	-0.84	0.95	0.63	0.63	0.63	0.88
Accounts Payable	0.93	0.95	0.92	-0.91	-0.52		0.92	0.92	0.96	-0.39	0.83	0.92	0.72	0.81	-0.77	0.76	0.05	0.87	0.36	-0.5	0.21	-0.5	-0.2	-0.2	-0.2	-0.25
Cash	1.0	0.81	1.0	-0.99	-0.71	0.92		1.0	0.95	-0.1	0.67	1.0	0.87	0.91	-0.81	0.85	-0.19	0.98	0.63	-0.61	0.52	-0.61	-0.3	-0.3	-0.3	-0.55
Cash And Short Term Investments	1.0	0.81	1.0	-0.99	-0.71	0.92	1.0		0.95	-0.1	0.67	1.0	0.87	0.91	-0.81	0.85	-0.19	0.98	0.63	-0.61	0.52	-0.61	-0.3	-0.3	-0.3	-0.55
Net Receivables	0.96	0.9	0.95	-0.94	-0.66	0.96	0.95	0.95		-0.17	0.79	0.95	0.83	0.89	-0.81	0.84	-0.02	0.95	0.55	-0.63	0.43	-0.64	-0.33	-0.33	-0.33	-0.41
Common Stock Shares Outstanding	-0.1	-0.32	-0.09	0.08	-0.56	-0.39	-0.1	-0.1	-0.17		-0.27	-0.1	0.31	0.2	-0.09	0.29	-0.09	0.03	0.71	-0.55	0.73	-0.54	-0.42	-0.42	-0.42	-0.67
Total Liab	0.69	0.94	0.66	-0.63	-0.45	0.83	0.67	0.67	0.79	-0.27		0.67	0.51	0.63	-0.69	0.75	0.55	0.61	0.28	-0.54	0.0	-0.55	0.01	0.01	0.01	-0.01
Total Current Assets	1.0	0.81	1.0	-0.99	-0.71	0.92	1.0	1.0	0.95	-0.1	0.67		0.87	0.91	-0.82	0.85	-0.19	0.98	0.63	-0.61	0.52	-0.61	-0.31	-0.31	-0.31	-0.55
Common Stock	0.87	0.66	0.87	-0.91	-0.94	0.72	0.87	0.87	0.83	0.31	0.51	0.87		0.98	-0.82	0.91	-0.22	0.93	0.87	-0.88	0.79	-0.87	-0.67	-0.67	-0.67	-0.84
Short Long Term Debt Total	0.91	0.77	0.91	-0.93	-0.91	0.81	0.91	0.91	0.89	0.2	0.63	0.91	0.98		-0.9	0.93	-0.1	0.95	0.81	-0.86	0.71	-0.86	-0.61	-0.61	-0.61	-0.75
Inventory	-0.82	-0.83	-0.81	0.82	0.76	-0.77	-0.81	-0.81	-0.81	-0.09	-0.69	-0.82	-0.82	-0.9		-0.84	-0.19	-0.83	-0.65	0.7	-0.53	0.7	0.41	0.41	0.41	0.58
Other Current Assets	0.86	0.78	0.85	-0.84	-0.92	0.76	0.85	0.85	0.84	0.29	0.75	0.85	0.91	0.93	-0.84		0.11	0.87	0.83	-0.9	0.63	-0.9	-0.4	-0.4	-0.4	-0.66
Short Term Debt	-0.17	0.35	-0.2	0.24	0.1	0.05	-0.19	-0.19	-0.02	-0.09	0.55	-0.19	-0.22	-0.1	-0.19	0.11		-0.24	-0.19	-0.09	-0.44	-0.1	0.33	0.33	0.33	0.45
Net Tangible Assets	0.98	0.76	0.98	-0.99	-0.79	0.87	0.98	0.98	0.95	0.03	0.61	0.98	0.93	0.95	-0.83	0.87	-0.24		0.72	-0.7	0.65	-0.69	-0.45	-0.45	-0.45	-0.66
Other Stockholder Equity	0.63	0.34	0.63	-0.64	-0.95	0.36	0.63	0.63	0.55	0.71	0.28	0.63	0.87	0.81	-0.65	0.83	-0.19	0.72		-0.88	0.94	-0.87	-0.57	-0.57	-0.57	-0.91
Net Invested Capital	-0.62	-0.56	-0.61	0.64	0.95	-0.5	-0.61	-0.61	-0.63	-0.55	-0.54	-0.61	-0.88	-0.86	0.7	-0.9	-0.09	-0.7	-0.88		-0.72	1.0	0.66	0.66	0.66	0.76
Capital Stock	0.52	0.13	0.53	-0.56	-0.84	0.21	0.52	0.52	0.43	0.73	0.0	0.52	0.79	0.71	-0.53	0.63	-0.44	0.65	0.94	-0.72		-0.72	-0.67	-0.67	-0.67	-0.95
Net Working Capital	-0.62	-0.57	-0.61	0.64	0.95	-0.5	-0.61	-0.61	-0.64	-0.54	-0.55	-0.61	-0.87	-0.86	0.7	-0.9	-0.1	-0.69	-0.87	1.0	-0.72		0.66	0.66	0.66	0.75
Property Plant And Equipment Net	-0.3	-0.19	-0.31	0.41	0.63	-0.2	-0.3	-0.3	-0.33	-0.42	0.01	-0.31	-0.67	-0.61	0.41	-0.4	0.33	-0.45	-0.57	0.66	-0.67	0.66		1.0	1.0	0.74
Capital Lease Obligations	-0.3	-0.19	-0.31	0.41	0.63	-0.2	-0.3	-0.3	-0.33	-0.42	0.01	-0.31	-0.67	-0.61	0.41	-0.4	0.33	-0.45	-0.57	0.66	-0.67	0.66	1.0		1.0	0.74
Property Plant And Equipment Gross	-0.3	-0.19	-0.31	0.41	0.63	-0.2	-0.3	-0.3	-0.33	-0.42	0.01	-0.31	-0.67	-0.61	0.41	-0.4	0.33	-0.45	-0.57	0.66	-0.67	0.66	1.0	1.0		0.74
Property Plant Equipment	-0.54	-0.18	-0.55	0.6	0.88	-0.25	-0.55	-0.55	-0.41	-0.67	-0.01	-0.55	-0.84	-0.75	0.58	-0.66	0.45	-0.66	-0.91	0.76	-0.95	0.75	0.74	0.74	0.74

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Albion Resources Account Relationship Matchups

Albion Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6K	4.6M	2.7M	3.3M	2.7M	2.1M
Total Current Liabilities	53.2K	136.4K	148.6K	49.4K	38.9K	70.3K
Total Stockholder Equity	(50.5K)	4.5M	2.5M	3.2M	2.6M	2.0M
Net Debt	39.8K	(4.5M)	(2.4M)	(3.2M)	(2.6M)	(2.8M)
Retained Earnings	(84.6K)	(529.8K)	(2.7M)	(3.5M)	(3.4M)	(3.2M)
Accounts Payable	12.8K	136.4K	93.6K	49.4K	38.9K	53.6K
Cash	622.0	4.5M	2.5M	3.2M	2.6M	2.0M
Cash And Short Term Investments	622.0	4.5M	2.5M	3.2M	2.6M	2.0M
Net Receivables	2.0K	44.2K	32.6K	16.5K	28.1K	19.5K
Liabilities And Stockholders Equity	2.6K	4.6M	2.7M	3.3M	2.7M	2.1M
Total Liab	53.2K	136.4K	244.2K	49.4K	38.9K	36.9K
Total Current Assets	2.6K	4.6M	2.6M	3.3M	2.7M	2.1M
Common Stock	34.1K	4.7M	4.6M	6.0M	6.9M	7.3M
Other Current Assets	2.0K	10.7K	22.6K	18.4K	17.0K	13.0K

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