Argo Net Borrowings vs Capital Expenditures Analysis

ARG Stock

9.14 0.07 0.76%

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

Net Borrowings vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Argo Investments Net Borrowings account and Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Argo Investments' Net Borrowings and Capital Expenditures is -0.16. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Argo Investments, assuming nothing else is changed. The correlation between historical values of Argo Investments' Net Borrowings and Capital Expenditures 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 Borrowings of Argo Investments are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Borrowings i.e., Argo Investments' Net Borrowings and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.16

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Capital Expenditures

Capital Expenditures are funds used by Argo Investments to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Argo Investments operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Argo Investments' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argo Investments 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 Argo Investments. 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 3.1 M in 2024. Tax Provision is likely to drop to about 16.6 M in 2024

	2021	2022	2023	2024 (projected)
Operating Income	322.4M	270.1M	272.2M	156.4M
Other Operating Expenses	4.0M	12.3M	10.1M	19.5M

Operating Income Other Operating Expenses

Argo Investments fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Short Term Debt	Accounts Payable	Short Term Investments	Other Liab
Total Assets		1.0	0.63	-0.35	0.92	0.41	1.0	-0.24	0.17	0.39	0.3	0.96	0.77	0.97	0.62	0.97	0.71	0.4	0.75	0.45	0.64	0.69	-0.1	-0.27	0.1	0.84
Total Stockholder Equity	1.0		0.63	-0.36	0.92	0.42	1.0	-0.24	0.15	0.39	0.3	0.97	0.78	0.96	0.61	0.96	0.7	0.41	0.77	0.46	0.63	0.68	-0.09	-0.25	0.1	0.82
Property Plant And Equipment Net	0.63	0.63		-0.06	0.73	0.14	0.64	-0.15	0.21	-0.02	-0.28	0.61	0.25	0.64	0.68	0.64	0.88	-0.1	0.25	0.49	0.71	0.7	-0.5	-0.37	-0.17	0.61
Net Debt	-0.35	-0.36	-0.06		-0.19	-0.99	-0.33	-0.3	-0.26	-0.83	-0.28	-0.42	-0.54	-0.28	0.21	-0.29	-0.04	-0.73	-0.52	-0.13	-0.17	-0.24	0.12	-0.04	0.01	-0.19
Retained Earnings	0.92	0.92	0.73	-0.19		0.26	0.92	-0.12	0.01	0.16	0.11	0.85	0.6	0.9	0.8	0.89	0.82	0.16	0.62	0.3	0.74	0.73	-0.34	-0.41	-0.07	0.84
Cash	0.41	0.42	0.14	-0.99	0.26		0.39	0.25	0.26	0.83	0.27	0.48	0.52	0.34	-0.12	0.35	0.12	0.72	0.48	0.2	0.23	0.3	-0.16	0.01	0.0	0.24
Non Current Assets Total	1.0	1.0	0.64	-0.33	0.92	0.39		-0.26	0.16	0.37	0.29	0.96	0.76	0.97	0.63	0.97	0.71	0.38	0.75	0.46	0.64	0.68	-0.1	-0.27	0.1	0.83
Non Currrent Assets Other	-0.24	-0.24	-0.15	-0.3	-0.12	0.25	-0.26		0.32	0.01	-0.26	-0.32	-0.09	-0.25	-0.35	-0.25	0.05	-0.07	-0.01	-0.77	0.29	0.18	-0.49	-0.34	-0.43	-0.09
Other Assets	0.17	0.15	0.21	-0.26	0.01	0.26	0.16	0.32		0.11	-0.17	0.08	0.12	0.25	-0.13	0.26	0.39	0.02	0.13	-0.14	0.42	0.44	-0.21	-0.19	-0.19	0.25
Cash And Short Term Investments	0.39	0.39	-0.02	-0.83	0.16	0.83	0.37	0.01	0.11		0.57	0.46	0.53	0.32	-0.2	0.34	-0.05	0.96	0.5	0.24	-0.02	0.19	0.34	0.37	0.55	0.12
Net Receivables	0.3	0.3	-0.28	-0.28	0.11	0.27	0.29	-0.26	-0.17	0.57		0.33	0.4	0.29	-0.11	0.29	-0.3	0.78	0.38	0.26	-0.19	-0.08	0.63	0.3	0.62	0.26
Common Stock Total Equity	0.96	0.97	0.61	-0.42	0.85	0.48	0.96	-0.32	0.08	0.46	0.33		0.84	0.89	0.51	0.89	0.59	0.47	0.79	0.59	0.48	0.57	-0.02	-0.11	0.12	0.72
Common Stock Shares Outstanding	0.77	0.78	0.25	-0.54	0.6	0.52	0.76	-0.09	0.12	0.53	0.4	0.84		0.65	0.16	0.65	0.31	0.55	0.99	0.34	0.26	0.36	0.11	0.0	0.08	0.49
Non Current Liabilities Total	0.97	0.96	0.64	-0.28	0.9	0.34	0.97	-0.25	0.25	0.32	0.29	0.89	0.65		0.66	1.0	0.74	0.34	0.65	0.42	0.69	0.71	-0.11	-0.34	0.11	0.88
Other Stockholder Equity	0.62	0.61	0.68	0.21	0.8	-0.12	0.63	-0.35	-0.13	-0.2	-0.11	0.51	0.16	0.66		0.65	0.74	-0.19	0.17	0.31	0.53	0.52	-0.35	-0.29	-0.08	0.6
Total Liab	0.97	0.96	0.64	-0.29	0.89	0.35	0.97	-0.25	0.26	0.34	0.29	0.89	0.65	1.0	0.65		0.74	0.36	0.65	0.42	0.7	0.72	-0.1	-0.33	0.12	0.88
Property Plant And Equipment Gross	0.71	0.7	0.88	-0.04	0.82	0.12	0.71	0.05	0.39	-0.05	-0.3	0.59	0.31	0.74	0.74	0.74		-0.14	0.34	0.15	0.88	0.87	-0.57	-0.47	-0.23	0.71
Total Current Assets	0.4	0.41	-0.1	-0.73	0.16	0.72	0.38	-0.07	0.02	0.96	0.78	0.47	0.55	0.34	-0.19	0.36	-0.14		0.52	0.27	-0.08	0.11	0.48	0.37	0.63	0.19
Common Stock	0.75	0.77	0.25	-0.52	0.62	0.48	0.75	-0.01	0.13	0.5	0.38	0.79	0.99	0.65	0.17	0.65	0.34	0.52		0.25	0.33	0.4	0.07	-0.07	0.07	0.52
Short Long Term Debt Total	0.45	0.46	0.49	-0.13	0.3	0.2	0.46	-0.77	-0.14	0.24	0.26	0.59	0.34	0.42	0.31	0.42	0.15	0.27	0.25		-0.03	0.09	0.19	0.23	0.22	0.24
Other Current Liab	0.64	0.63	0.71	-0.17	0.74	0.23	0.64	0.29	0.42	-0.02	-0.19	0.48	0.26	0.69	0.53	0.7	0.88	-0.08	0.33	-0.03		0.9	-0.67	-0.68	-0.37	0.76
Total Current Liabilities	0.69	0.68	0.7	-0.24	0.73	0.3	0.68	0.18	0.44	0.19	-0.08	0.57	0.36	0.71	0.52	0.72	0.87	0.11	0.4	0.09	0.9		-0.5	-0.3	-0.11	0.63
Short Term Debt	-0.1	-0.09	-0.5	0.12	-0.34	-0.16	-0.1	-0.49	-0.21	0.34	0.63	-0.02	0.11	-0.11	-0.35	-0.1	-0.57	0.48	0.07	0.19	-0.67	-0.5		0.64	0.83	-0.28
Accounts Payable	-0.27	-0.25	-0.37	-0.04	-0.41	0.01	-0.27	-0.34	-0.19	0.37	0.3	-0.11	0.0	-0.34	-0.29	-0.33	-0.47	0.37	-0.07	0.23	-0.68	-0.3	0.64		0.63	-0.63
Short Term Investments	0.1	0.1	-0.17	0.01	-0.07	0.0	0.1	-0.43	-0.19	0.55	0.62	0.12	0.08	0.11	-0.08	0.12	-0.23	0.63	0.07	0.22	-0.37	-0.11	0.83	0.63		-0.11
Other Liab	0.84	0.82	0.61	-0.19	0.84	0.24	0.83	-0.09	0.25	0.12	0.26	0.72	0.49	0.88	0.6	0.88	0.71	0.19	0.52	0.24	0.76	0.63	-0.28	-0.63	-0.11

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Argo Investments Account Relationship Matchups

Argo Investments fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.3B	6.6B	6.4B	6.9B	7.4B	7.8B
Total Stockholder Equity	4.7B	5.6B	5.6B	6.0B	6.4B	6.7B
Property Plant And Equipment Net	1.8M	1.4M	992K	599K	2.2M	2.3M
Net Debt	(167.7M)	(178.5M)	(134.3M)	(125.1M)	(97.2M)	(102.0M)
Retained Earnings	495.5M	467.5M	620.5M	753.0M	744.9M	782.1M
Cash	168.7M	179.3M	134.7M	125.3M	97.2M	130.3M
Non Current Assets Total	5.1B	6.4B	6.2B	6.7B	7.3B	7.6B
Non Currrent Assets Other	(2.5M)	(10.1M)	(39.4M)	(10.5M)	(7.3B)	(6.9B)
Other Assets	24.5M	6.6B	(25M)	(22.6M)	(26.0M)	(24.7M)
Cash And Short Term Investments	181.2M	189.4M	174.1M	135.7M	119.2M	141.5M
Net Receivables	17.1M	26.7M	30.6M	36.9M	35.9M	28.9M
Common Stock Shares Outstanding	718.0M	722.9M	732.6M	753.1M	758.8M	532.8M
Liabilities And Stockholders Equity	5.3B	6.6B	6.4B	6.9B	7.4B	7.8B
Non Current Liabilities Total	547.5M	916.0M	740.1M	863.8M	992.7M	1.0B
Other Stockholder Equity	239.1M	264.5M	322.9M	2.0B	2.3B	2.5B
Total Liab	561.3M	962.8M	787.9M	889.1M	1.0B	1.1B
Property Plant And Equipment Gross	1.8M	3.1M	2.4M	2.5M	3.3M	3.4M
Total Current Assets	212.8M	216.1M	204.8M	172.6M	155.7M	170.9M
Accumulated Other Comprehensive Income	1.3B	2.3B	1.9B	2.0B	2.4B	2.5B
Common Stock	2.9B	2.9B	3.2B	3.2B	3.3B	1.6B
Other Current Liab	11.5M	45.1M	46.8M	24.8M	36.2M	38.1M
Total Current Liabilities	12.6M	45.9M	47.2M	24.9M	37.7M	39.6M
Short Term Debt	283K	307K	332K	249K	218K	207.1K
Short Term Investments	12.5M	10.1M	25M	10.5M	22.1M	35.4M
Other Liab	547.7M	916.2M	740.3M	864.1M	993.7M	1.0B
Property Plant Equipment	1.8M	1.4M	992K	599K	688.9K	545.6K
Other Current Assets	15.0M	(1.0)	540K	841K	560K	532K
Net Tangible Assets	4.7B	5.6B	5.6B	6.0B	6.9B	5.5B
Long Term Investments	5.1B	6.4B	6.3B	6.7B	7.3B	6.3B
Long Term Debt Total	1.1M	748K	416K	167K	192.1K	374.9K
Cash And Equivalents	168.7M	179.3M	134.7M	125.3M	112.7M	124.7M
Capital Stock	2.9B	2.9B	3.2B	3.2B	3.3B	3.3B

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