Aldebaran Common Stock vs Net Tangible Assets Analysis

ALDE Stock

CAD 2.13 0.01 0.47%

Aldebaran Resources financial indicator trend analysis is way more than just evaluating Aldebaran Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aldebaran Resources is a good investment. Please check the relationship between Aldebaran Resources Common Stock and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aldebaran Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Common Stock vs Net Tangible Assets

Common Stock vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aldebaran Resources Common Stock account and Net Tangible Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Aldebaran Resources' Common Stock and Net Tangible Assets is 0.88. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Aldebaran Resources, assuming nothing else is changed. The correlation between historical values of Aldebaran Resources' Common Stock and Net Tangible Assets 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 Aldebaran Resources are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Common Stock i.e., Aldebaran Resources' Common Stock and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Common Stock

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Aldebaran Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aldebaran 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 Aldebaran Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Tax Provision is likely to climb to about 253.6 K in 2024, whereas Selling General Administrative is likely to drop slightly above 1.6 M in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	14.1K	21.2K	24.4K	25.6K
Interest Income	14.1K	272.8K	313.7K	329.4K

Depreciation And Amortization Interest Income

Aldebaran Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant Equipment	Net Debt	Cash And Short Term Investments	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Common Stock	Other Current Liab	Property Plant And Equipment Net	Other Current Assets	Capital Stock	Short Term Investments	Property Plant And Equipment Gross
Total Assets		-0.82	1.0	-0.02	0.83	0.74	0.39	0.85	0.54	-0.81	-0.81	0.86	0.84	-0.82	0.8	0.69	0.96	0.85	0.96	-0.85	0.82	0.85	0.81	0.75	0.78
Total Current Liabilities	-0.82		-0.86	0.46	-0.98	-0.99	-0.38	-0.68	-0.09	0.99	1.0	-0.68	-0.96	0.69	-0.68	-0.45	-0.83	-0.68	-0.83	0.67	-0.57	-0.55	-0.56	-0.52	-0.51
Total Stockholder Equity	1.0	-0.86		-0.08	0.86	0.78	0.4	0.85	0.49	-0.85	-0.85	0.85	0.88	-0.82	0.8	0.68	0.97	0.84	0.97	-0.84	0.8	0.82	0.79	0.73	0.76
Other Liab	-0.02	0.46	-0.08		-0.35	-0.53	0.01	-0.02	0.41	0.41	0.47	-0.01	-0.3	0.07	-0.03	0.36	-0.03	-0.01	-0.03	-0.09	0.25	0.23	0.26	0.25	0.26
Net Tangible Assets	0.83	-0.98	0.86	-0.35		0.96	0.45	0.67	0.2	-0.97	-0.97	0.67	1.0	-0.7	0.72	0.57	0.88	0.66	0.88	-0.67	0.66	0.57	0.65	0.59	0.58
Retained Earnings	0.74	-0.99	0.78	-0.53	0.96		0.38	0.59	-0.03	-0.99	-0.99	0.59	0.94	-0.62	0.61	0.34	0.76	0.59	0.76	-0.58	0.46	0.42	0.44	0.41	0.38
Accounts Payable	0.39	-0.38	0.4	0.01	0.45	0.38		0.01	0.28	-0.39	-0.38	0.01	0.47	-0.03	0.03	0.33	0.43	-0.02	0.44	-0.18	0.29	0.18	0.24	-0.05	0.2
Cash	0.85	-0.68	0.85	-0.02	0.67	0.59	0.01		0.57	-0.68	-0.66	1.0	0.66	-0.98	0.95	0.55	0.81	1.0	0.81	-0.62	0.68	0.81	0.73	0.84	0.67
Net Receivables	0.54	-0.09	0.49	0.41	0.2	-0.03	0.28	0.57		-0.08	-0.07	0.57	0.24	-0.56	0.6	0.63	0.57	0.55	0.58	-0.33	0.64	0.59	0.67	0.62	0.61
Other Stockholder Equity	-0.81	0.99	-0.85	0.41	-0.97	-0.99	-0.39	-0.68	-0.08		0.99	-0.69	-0.96	0.71	-0.69	-0.44	-0.82	-0.68	-0.82	0.64	-0.55	-0.55	-0.55	-0.52	-0.49
Total Liab	-0.81	1.0	-0.85	0.47	-0.97	-0.99	-0.38	-0.66	-0.07	0.99		-0.67	-0.96	0.68	-0.67	-0.44	-0.82	-0.66	-0.82	0.66	-0.56	-0.54	-0.54	-0.51	-0.49
Total Current Assets	0.86	-0.68	0.85	-0.01	0.67	0.59	0.01	1.0	0.57	-0.69	-0.67		0.67	-0.98	0.95	0.56	0.81	1.0	0.82	-0.63	0.68	0.82	0.74	0.84	0.67
Property Plant Equipment	0.84	-0.96	0.88	-0.3	1.0	0.94	0.47	0.66	0.24	-0.96	-0.96	0.67		-0.69	0.72	0.62	0.9	0.66	0.9	-0.7	0.71	0.6	0.7	0.62	0.63
Net Debt	-0.82	0.69	-0.82	0.07	-0.7	-0.62	-0.03	-0.98	-0.56	0.71	0.68	-0.98	-0.69		-0.98	-0.51	-0.81	-0.98	-0.81	0.57	-0.63	-0.73	-0.69	-0.81	-0.59
Cash And Short Term Investments	0.8	-0.68	0.8	-0.03	0.72	0.61	0.03	0.95	0.6	-0.69	-0.67	0.95	0.72	-0.98		0.58	0.83	0.95	0.84	-0.55	0.68	0.7	0.75	0.85	0.64
Common Stock Shares Outstanding	0.69	-0.45	0.68	0.36	0.57	0.34	0.33	0.55	0.63	-0.44	-0.44	0.56	0.62	-0.51	0.58		0.73	0.55	0.74	-0.69	0.96	0.84	0.96	0.85	0.93
Net Invested Capital	0.96	-0.83	0.97	-0.03	0.88	0.76	0.43	0.81	0.57	-0.82	-0.82	0.81	0.9	-0.81	0.83	0.73		0.8	1.0	-0.81	0.84	0.76	0.83	0.76	0.77
Net Working Capital	0.85	-0.68	0.84	-0.01	0.66	0.59	-0.02	1.0	0.55	-0.68	-0.66	1.0	0.66	-0.98	0.95	0.55	0.8		0.8	-0.63	0.68	0.81	0.73	0.84	0.67
Common Stock	0.96	-0.83	0.97	-0.03	0.88	0.76	0.44	0.81	0.58	-0.82	-0.82	0.82	0.9	-0.81	0.84	0.74	1.0	0.8		-0.81	0.84	0.76	0.83	0.77	0.77
Other Current Liab	-0.85	0.67	-0.84	-0.09	-0.67	-0.58	-0.18	-0.62	-0.33	0.64	0.66	-0.63	-0.7	0.57	-0.55	-0.69	-0.81	-0.63	-0.81		-0.77	-0.74	-0.73	-0.7	-0.74
Property Plant And Equipment Net	0.82	-0.57	0.8	0.25	0.66	0.46	0.29	0.68	0.64	-0.55	-0.56	0.68	0.71	-0.63	0.68	0.96	0.84	0.68	0.84	-0.77		0.9	0.99	0.88	0.98
Other Current Assets	0.85	-0.55	0.82	0.23	0.57	0.42	0.18	0.81	0.59	-0.55	-0.54	0.82	0.6	-0.73	0.7	0.84	0.76	0.81	0.76	-0.74	0.9		0.91	0.87	0.92
Capital Stock	0.81	-0.56	0.79	0.26	0.65	0.44	0.24	0.73	0.67	-0.55	-0.54	0.74	0.7	-0.69	0.75	0.96	0.83	0.73	0.83	-0.73	0.99	0.91		0.93	0.97
Short Term Investments	0.75	-0.52	0.73	0.25	0.59	0.41	-0.05	0.84	0.62	-0.52	-0.51	0.84	0.62	-0.81	0.85	0.85	0.76	0.84	0.77	-0.7	0.88	0.87	0.93		0.87
Property Plant And Equipment Gross	0.78	-0.51	0.76	0.26	0.58	0.38	0.2	0.67	0.61	-0.49	-0.49	0.67	0.63	-0.59	0.64	0.93	0.77	0.67	0.77	-0.74	0.98	0.92	0.97	0.87

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Aldebaran Resources Account Relationship Matchups

Aldebaran Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	65.0M	74.0M	79.6M	101.1M	116.2M	122.0M
Total Current Liabilities	92.0K	78.3K	589.1K	63.0K	56.7K	53.9K
Total Stockholder Equity	64.5M	73.5M	78.5M	100.2M	115.3M	121.0M
Retained Earnings	(2.5M)	(4.3M)	(5.0M)	(7.3M)	(8.4M)	(8.9M)
Accounts Payable	91.7K	78.3K	553.9K	57.7K	66.3K	63.0K
Cash	505.6K	7.3M	634.9K	6.1M	7.0M	7.4M
Net Receivables	8.5K	19.8K	19.6K	21.6K	24.8K	16.2K
Total Liab	497.3K	530.1K	1.0M	820.6K	738.5K	701.6K
Total Current Assets	554.2K	7.4M	733.7K	6.3M	7.2M	7.6M
Net Debt	(505.6K)	(7.3M)	(634.9K)	(6.1M)	(5.5M)	(5.2M)
Non Current Assets Total	64.5M	66.6M	78.8M	94.8M	109.0M	66.8M
Cash And Short Term Investments	536.0K	7.3M	664.0K	6.2M	7.1M	3.6M
Common Stock Shares Outstanding	77.6M	93.6M	115.1M	138.4M	159.1M	101.8M
Liabilities And Stockholders Equity	65.0M	74.0M	79.6M	101.1M	116.2M	70.5M
Non Current Liabilities Total	405.3K	451.8K	446.2K	757.6K	871.2K	437.1K
Net Invested Capital	64.5M	73.5M	78.5M	100.2M	115.3M	69.9M
Net Working Capital	462.2K	7.3M	144.6K	6.2M	7.1M	7.5M
Property Plant And Equipment Net	64.5M	66.6M	78.8M	94.8M	109.0M	80.1M
Other Current Assets	9.8K	48.9K	50.1K	97.1K	111.7K	117.3K
Accumulated Other Comprehensive Income	2.1M	(1.0M)	875.9K	3.6M	4.2M	4.4M

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