Altamira Net Debt vs Cash And Short Term Investments Analysis

ALTA Stock

CAD 0.13 0.01 7.14%

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

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altamira Gold Corp Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between Altamira Gold's Net Debt and Cash And Short Term Investments is -1.0. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Altamira Gold Corp, assuming nothing else is changed. The correlation between historical values of Altamira Gold's Net Debt and Cash And Short Term Investments 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 Debt of Altamira Gold Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., Altamira Gold's Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-1.0

Relationship Direction	Negative
Relationship Strength	Strong

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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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Altamira Gold Corp balance sheet. This account contains Altamira Gold investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Altamira Gold Corp 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.

Most indicators from Altamira Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altamira Gold 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 Altamira Gold 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 nation.

At this time, Altamira Gold's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 106.3 K in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	9.4K	10.2K	11.3K	13.5K
Interest Income	15.2K	51.4K	72.8K	76.4K

Reconciled Depreciation Interest Income

Altamira Gold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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 Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Inventory	Short Term Investments	Other Liab	Net Tangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.49	0.63	0.79	1.0	0.57	-0.58	-0.92	0.73	0.84	0.63	0.14	0.56	-0.2	0.64	0.16	-0.07	-0.4	0.85	0.84	-0.25	0.67	0.66	0.72	0.98	0.7
Short Long Term Debt Total	0.49		0.0	0.07	0.5	0.56	-0.47	-0.58	-0.07	0.66	0.19	-0.31	0.47	-0.23	0.32	0.47	-0.5	-0.13	0.24	0.65	-0.3	0.48	0.61	0.72	0.59	0.63
Other Current Liab	0.63	0.0		0.64	0.63	-0.13	-0.51	-0.47	0.72	0.57	0.49	0.62	0.48	-0.04	0.54	-0.48	0.42	-0.46	0.52	0.58	0.19	0.46	0.03	-0.06	0.56	-0.08
Total Current Liabilities	0.79	0.07	0.64		0.78	0.3	-0.36	-0.6	0.95	0.6	0.46	0.21	0.34	-0.14	0.41	-0.1	0.06	-0.43	0.96	0.6	0.15	0.29	0.38	0.43	0.71	0.44
Total Stockholder Equity	1.0	0.5	0.63	0.78		0.57	-0.58	-0.93	0.72	0.84	0.63	0.14	0.56	-0.2	0.64	0.16	-0.07	-0.4	0.84	0.84	-0.26	0.68	0.66	0.72	0.98	0.7
Property Plant And Equipment Net	0.57	0.56	-0.13	0.3	0.57		-0.26	-0.53	0.13	0.39	0.47	-0.42	0.26	-0.37	0.28	0.67	-0.51	-0.38	0.52	0.37	-0.45	0.38	0.84	0.87	0.65	0.89
Net Debt	-0.58	-0.47	-0.51	-0.36	-0.58	-0.26		0.36	-0.32	-0.79	-0.75	-0.54	-1.0	0.26	-0.8	0.36	-0.39	0.57	-0.38	-0.78	0.12	-0.65	-0.2	-0.36	-0.56	-0.25
Retained Earnings	-0.92	-0.58	-0.47	-0.6	-0.93	-0.53	0.36		-0.56	-0.75	-0.39	0.07	-0.34	0.08	-0.47	-0.39	0.25	0.1	-0.68	-0.75	0.39	-0.61	-0.68	-0.73	-0.92	-0.72
Accounts Payable	0.73	-0.07	0.72	0.95	0.72	0.13	-0.32	-0.56		0.55	0.41	0.3	0.29	-0.01	0.43	-0.21	0.18	-0.29	0.85	0.55	0.17	0.23	0.2	0.25	0.62	0.27
Cash	0.84	0.66	0.57	0.6	0.84	0.39	-0.79	-0.75	0.55		0.47	0.14	0.77	-0.15	0.59	-0.04	0.0	-0.32	0.61	1.0	-0.18	0.55	0.37	0.6	0.81	0.49
Non Current Assets Total	0.63	0.19	0.49	0.46	0.63	0.47	-0.75	-0.39	0.41	0.47		0.61	0.76	-0.37	0.88	-0.18	0.39	-0.75	0.55	0.46	-0.19	0.79	0.5	0.42	0.64	0.43
Non Currrent Assets Other	0.14	-0.31	0.62	0.21	0.14	-0.42	-0.54	0.07	0.3	0.14	0.61		0.55	-0.04	0.66	-0.79	0.86	-0.44	0.1	0.14	0.21	0.47	-0.24	-0.35	0.08	-0.36
Cash And Short Term Investments	0.56	0.47	0.48	0.34	0.56	0.26	-1.0	-0.34	0.29	0.77	0.76	0.55		-0.27	0.81	-0.36	0.39	-0.58	0.36	0.76	-0.11	0.67	0.21	0.36	0.55	0.26
Net Receivables	-0.2	-0.23	-0.04	-0.14	-0.2	-0.37	0.26	0.08	-0.01	-0.15	-0.37	-0.04	-0.27		-0.26	0.01	0.17	0.54	-0.26	-0.12	-0.16	-0.32	-0.36	-0.34	-0.28	-0.33
Common Stock Shares Outstanding	0.64	0.32	0.54	0.41	0.64	0.28	-0.8	-0.47	0.43	0.59	0.88	0.66	0.81	-0.26		-0.27	0.36	-0.56	0.47	0.58	-0.05	0.87	0.4	0.39	0.64	0.36
Non Current Liabilities Total	0.16	0.47	-0.48	-0.1	0.16	0.67	0.36	-0.39	-0.21	-0.04	-0.18	-0.79	-0.36	0.01	-0.27		-0.71	0.31	0.09	-0.04	-0.58	-0.03	0.65	0.58	0.24	0.63
Other Current Assets	-0.07	-0.5	0.42	0.06	-0.07	-0.51	-0.39	0.25	0.18	0.0	0.39	0.86	0.39	0.17	0.36	-0.71		-0.13	-0.11	0.01	-0.04	0.11	-0.48	-0.54	-0.19	-0.55
Other Stockholder Equity	-0.4	-0.13	-0.46	-0.43	-0.4	-0.38	0.57	0.1	-0.29	-0.32	-0.75	-0.44	-0.58	0.54	-0.56	0.31	-0.13		-0.52	-0.3	-0.3	-0.56	-0.39	-0.28	-0.46	-0.28
Total Liab	0.85	0.24	0.52	0.96	0.84	0.52	-0.38	-0.68	0.85	0.61	0.55	0.1	0.36	-0.26	0.47	0.09	-0.11	-0.52		0.61	0.06	0.42	0.62	0.63	0.82	0.66
Total Current Assets	0.84	0.65	0.58	0.6	0.84	0.37	-0.78	-0.75	0.55	1.0	0.46	0.14	0.76	-0.12	0.58	-0.04	0.01	-0.3	0.61		-0.18	0.54	0.35	0.58	0.81	0.48
Inventory	-0.25	-0.3	0.19	0.15	-0.26	-0.45	0.12	0.39	0.17	-0.18	-0.19	0.21	-0.11	-0.16	-0.05	-0.58	-0.04	-0.3	0.06	-0.18		-0.15	-0.34	-0.35	-0.25	-0.35
Short Term Investments	0.67	0.48	0.46	0.29	0.68	0.38	-0.65	-0.61	0.23	0.55	0.79	0.47	0.67	-0.32	0.87	-0.03	0.11	-0.56	0.42	0.54	-0.15		0.63	0.53	0.74	0.52
Other Liab	0.66	0.61	0.03	0.38	0.66	0.84	-0.2	-0.68	0.2	0.37	0.5	-0.24	0.21	-0.36	0.4	0.65	-0.48	-0.39	0.62	0.35	-0.34	0.63		0.87	0.76	0.91
Net Tangible Assets	0.72	0.72	-0.06	0.43	0.72	0.87	-0.36	-0.73	0.25	0.6	0.42	-0.35	0.36	-0.34	0.39	0.58	-0.54	-0.28	0.63	0.58	-0.35	0.53	0.87		0.79	0.99
Common Stock	0.98	0.59	0.56	0.71	0.98	0.65	-0.56	-0.92	0.62	0.81	0.64	0.08	0.55	-0.28	0.64	0.24	-0.19	-0.46	0.82	0.81	-0.25	0.74	0.76	0.79		0.78
Property Plant Equipment	0.7	0.63	-0.08	0.44	0.7	0.89	-0.25	-0.72	0.27	0.49	0.43	-0.36	0.26	-0.33	0.36	0.63	-0.55	-0.28	0.66	0.48	-0.35	0.52	0.91	0.99	0.78

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Altamira Gold Account Relationship Matchups

Altamira Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.1M	11.8M	15.4M	19.8M	19.5M	25.0M
Other Current Liab	86.4K	88.5K	142.0K	101.4K	84.7K	672.8K
Total Current Liabilities	289.0K	175.0K	284.4K	365.4K	529.4K	712.3K
Total Stockholder Equity	11.7M	11.4M	15.0M	19.3M	18.8M	24.2M
Retained Earnings	(25.2M)	(26.3M)	(29.0M)	(30.6M)	(32.4M)	(34.0M)
Accounts Payable	120.7K	85.1K	142.5K	264.1K	444.7K	662.1K
Cash	1.1M	123.7K	4.0M	5.5M	1.6M	4.7M
Net Receivables	27.8K	7.0K	15.9K	18.4K	33.6K	64.1K
Non Current Liabilities Total	157.7K	148.5K	149.8K	92.0K	197.3K	0.0
Other Stockholder Equity	3.5M	3.8M	4.4M	5.0M	5.7M	174.7K
Total Liab	446.7K	323.6K	434.2K	457.4K	726.7K	712.3K
Total Current Assets	1.1M	139.3K	4.1M	5.6M	1.6M	4.9M
Other Liab	157.7K	148.5K	149.8K	92.0K	197.3K	57.4K
Net Tangible Assets	11.7M	11.4M	15.0M	19.3M	18.8M	566.9K
Common Stock	33.4M	34.4M	41.6M	46.5M	46.6M	52.6M
Property Plant Equipment	10.9M	11.5M	11.3M	14.2M	17.9M	648.4K

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