| 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 Total Current Liabilities and its Property Plant And Equipment Net 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.
Total Current Liabilities vs Property Plant And Equipment Net
Total Current Liabilities vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Altamira Gold Corp Total Current Liabilities account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have weak relationship.
The correlation between Altamira Gold's Total Current Liabilities and Property Plant And Equipment Net is 0.3. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Property Plant And Equipment Net 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 Total Current Liabilities and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Altamira Gold Corp are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Current Liabilities i.e., Altamira Gold's Total Current Liabilities and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.3 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Altamira Gold balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Altamira Gold 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.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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.
Altamira Gold fundamental ratios Correlations
Click cells to compare fundamentals
Altamira Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Altamira Gold fundamental ratios Accounts
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Additional Tools for Altamira Stock Analysis
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