Alliance Net Working Capital vs Total Current Liabilities Analysis

ALM Stock

CAD 0.20 0.03 17.65%

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

Net Working Capital vs Total Current Liabilities

Net Working Capital vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alliance Mining Corp Net Working Capital account and Total Current Liabilities. At this time, the significance of the direction appears to have pay attention.

The correlation between Alliance Mining's Net Working Capital and Total Current Liabilities is -0.96. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Alliance Mining Corp, assuming nothing else is changed. The correlation between historical values of Alliance Mining's Net Working Capital and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Alliance Mining Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Working Capital i.e., Alliance Mining's Net Working Capital and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.96

Relationship Direction	Negative
Relationship Strength	Significant

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Net Working Capital

Total Current Liabilities

Total Current Liabilities is an item on Alliance Mining balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Alliance Mining Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Alliance Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alliance Mining 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Alliance Mining 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 drop to about 384.9 K in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

Alliance Mining fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Common Stock	Net Debt	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		-0.46	-0.63	0.65	0.67	0.6	-0.66	0.99	-0.88	0.23	-0.63	-0.68	1.0	-0.52	-0.7	-0.45	0.64	0.65	-0.47
Other Current Liab	-0.46		0.83	-0.9	-0.84	-0.92	0.52	-0.52	0.65	-0.33	0.83	0.79	-0.46	0.9	0.76	0.92	-0.9	-0.9	0.95
Total Current Liabilities	-0.63	0.83		-0.96	-0.95	-0.93	0.85	-0.68	0.7	-0.27	1.0	0.99	-0.63	0.95	0.97	0.91	-0.96	-0.96	0.87
Total Stockholder Equity	0.65	-0.9	-0.96		0.97	0.99	-0.82	0.69	-0.7	0.22	-0.96	-0.95	0.65	-0.93	-0.95	-0.87	1.0	1.0	-0.88
Net Tangible Assets	0.67	-0.84	-0.95	0.97		0.96	-0.77	0.72	-0.66	0.31	-0.95	-0.97	0.67	-0.9	-0.97	-0.83	0.96	0.97	-0.8
Retained Earnings	0.6	-0.92	-0.93	0.99	0.96		-0.76	0.64	-0.67	0.26	-0.93	-0.93	0.6	-0.92	-0.93	-0.86	0.99	0.99	-0.88
Accounts Payable	-0.66	0.52	0.85	-0.82	-0.77	-0.76		-0.64	0.61	0.03	0.85	0.86	-0.66	0.72	0.86	0.6	-0.82	-0.82	0.59
Cash	0.99	-0.52	-0.68	0.69	0.72	0.64	-0.64		-0.88	0.22	-0.68	-0.72	0.99	-0.56	-0.74	-0.53	0.68	0.69	-0.51
Net Receivables	-0.88	0.65	0.7	-0.7	-0.66	-0.67	0.61	-0.88		-0.35	0.7	0.71	-0.88	0.7	0.71	0.66	-0.7	-0.7	0.7
Other Stockholder Equity	0.23	-0.33	-0.27	0.22	0.31	0.26	0.03	0.22	-0.35		-0.27	-0.27	0.23	-0.45	-0.27	-0.34	0.22	0.22	-0.45
Total Liab	-0.63	0.83	1.0	-0.96	-0.95	-0.93	0.85	-0.68	0.7	-0.27		0.99	-0.63	0.95	0.97	0.91	-0.96	-0.96	0.87
Short Long Term Debt	-0.68	0.79	0.99	-0.95	-0.97	-0.93	0.86	-0.72	0.71	-0.27	0.99		-0.68	0.92	0.99	0.86	-0.95	-0.95	0.81
Total Current Assets	1.0	-0.46	-0.63	0.65	0.67	0.6	-0.66	0.99	-0.88	0.23	-0.63	-0.68		-0.52	-0.7	-0.45	0.64	0.65	-0.47
Common Stock	-0.52	0.9	0.95	-0.93	-0.9	-0.92	0.72	-0.56	0.7	-0.45	0.95	0.92	-0.52		0.9	0.95	-0.93	-0.93	0.96
Net Debt	-0.7	0.76	0.97	-0.95	-0.97	-0.93	0.86	-0.74	0.71	-0.27	0.97	0.99	-0.7	0.9		0.81	-0.94	-0.95	0.77
Common Stock Shares Outstanding	-0.45	0.92	0.91	-0.87	-0.83	-0.86	0.6	-0.53	0.66	-0.34	0.91	0.86	-0.45	0.95	0.81		-0.87	-0.87	0.95
Net Invested Capital	0.64	-0.9	-0.96	1.0	0.96	0.99	-0.82	0.68	-0.7	0.22	-0.96	-0.95	0.64	-0.93	-0.94	-0.87		1.0	-0.88
Net Working Capital	0.65	-0.9	-0.96	1.0	0.97	0.99	-0.82	0.69	-0.7	0.22	-0.96	-0.95	0.65	-0.93	-0.95	-0.87	1.0		-0.88
Capital Stock	-0.47	0.95	0.87	-0.88	-0.8	-0.88	0.59	-0.51	0.7	-0.45	0.87	0.81	-0.47	0.96	0.77	0.95	-0.88	-0.88

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Alliance Mining Account Relationship Matchups

Alliance Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.9K	4.6K	5.7K	13.2K	4.7K	4.5K
Other Current Liab	48.7K	70.4K	1.7M	2.0M	2.3M	2.4M
Total Current Liabilities	1.6M	1.9M	2.1M	2.5M	3.1M	1.9M
Total Stockholder Equity	(1.6M)	(1.9M)	(2.1M)	(2.4M)	(3.1M)	(2.9M)
Net Tangible Assets	(1.6M)	(1.9M)	(2.1M)	(2.4M)	(2.2M)	(2.3M)
Retained Earnings	(6.4M)	(6.8M)	(7.6M)	(8.1M)	(8.7M)	(9.2M)
Accounts Payable	434.5K	488.7K	264.0K	283.2K	617.5K	380.8K
Cash	648.0	762.0	1.0K	212.0	252.0	239.4
Net Receivables	4.2K	3.9K	4.6K	4.2K	4.9K	4.4K
Total Liab	1.6M	1.9M	2.1M	2.5M	3.1M	1.9M
Short Long Term Debt	169.5K	190.9K	195.4K	219.3K	246.2K	184.5K
Total Current Assets	4.9K	4.6K	5.7K	13.2K	4.7K	4.5K
Net Debt	168.9K	190.1K	194.4K	219.1K	246.0K	188.2K
Net Invested Capital	(1.5M)	(1.7M)	(1.9M)	(2.2M)	(2.9M)	(2.7M)
Net Working Capital	(1.6M)	(1.9M)	(2.1M)	(2.4M)	(3.1M)	(2.9M)

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