Altima Long Term Debt vs Cash Analysis

ARH Stock

CAD 0.16 0.02 14.29%

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

Long Term Debt vs Cash

Long Term Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altima Resources Long Term Debt account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Altima Resources' Long Term Debt and Cash is -0.27. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Altima Resources, assuming nothing else is changed. The correlation between historical values of Altima Resources' Long Term Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Altima Resources are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Long Term Debt i.e., Altima Resources' Long Term Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

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Long Term Debt

Long-term debt is a debt that Altima Resources has held for over one year. Long-term debt appears on Altima Resources balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Altima Resources balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Cash

Cash refers to the most liquid asset of Altima Resources, which is listed under current asset account on Altima Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Altima Resources customers. The amounts must be unrestricted with restricted cash listed in a different Altima Resources account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Altima Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altima 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 Altima 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 board of governors.

Selling General Administrative is likely to climb to about 516.6 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2020	2022	2023	2024 (projected)
Total Operating Expenses	1.9M	4.9M	4.4M	4.7M
Cost Of Revenue	2.2M	3.5M	4.0M	4.2M

Total Operating Expenses Cost Of Revenue

Altima Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Other Current Liab	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Net Debt	Common Stock Shares Outstanding	Other Current Assets	Net Invested Capital
Total Assets		-0.31	0.94	-0.36	0.95	0.94	-0.4	0.4	0.2	0.72	0.95	0.43	-0.08	0.74	0.83	0.74	-0.38	1.0	0.46	-0.03	-0.29	-0.34	-0.02	-0.54	0.16	0.31
Total Current Liabilities	-0.31		-0.56	0.65	-0.55	-0.55	0.81	0.39	-0.25	-0.72	-0.12	0.04	0.87	-0.01	0.1	-0.21	0.53	-0.34	-0.43	0.68	-0.04	0.6	0.69	0.54	-0.28	-0.6
Total Stockholder Equity	0.94	-0.56		-0.62	1.0	1.0	-0.64	0.28	0.31	0.8	0.85	0.46	-0.38	0.63	0.68	0.74	-0.53	0.94	0.58	-0.32	-0.18	-0.6	-0.33	-0.68	0.31	0.56
Other Liab	-0.36	0.65	-0.62		-0.58	-0.61	0.88	0.04	-0.51	-0.52	-0.27	-0.6	0.77	-0.34	-0.06	-0.63	0.78	-0.36	-0.58	0.78	-0.25	0.97	0.81	0.85	-0.61	-0.87
Net Tangible Assets	0.95	-0.55	1.0	-0.58		1.0	-0.6	0.3	0.29	0.8	0.87	0.43	-0.34	0.64	0.71	0.73	-0.5	0.95	0.55	-0.28	-0.2	-0.55	-0.29	-0.66	0.29	0.51
Retained Earnings	0.94	-0.55	1.0	-0.61	1.0		-0.62	0.28	0.32	0.8	0.85	0.45	-0.36	0.64	0.69	0.74	-0.51	0.94	0.57	-0.29	-0.17	-0.58	-0.3	-0.69	0.31	0.55
Accounts Payable	-0.4	0.81	-0.64	0.88	-0.6	-0.62		0.19	-0.46	-0.61	-0.26	-0.4	0.88	-0.35	0.0	-0.58	0.73	-0.42	-0.53	0.82	-0.2	0.86	0.8	0.86	-0.3	-0.79
Cash	0.4	0.39	0.28	0.04	0.3	0.28	0.19		0.03	-0.27	0.59	0.33	0.27	0.22	0.8	0.18	0.01	0.36	0.12	0.11	-0.16	0.04	0.11	-0.04	-0.01	-0.06
Other Assets	0.2	-0.25	0.31	-0.51	0.29	0.32	-0.46	0.03		0.26	0.13	0.08	-0.33	0.07	0.03	0.22	-0.39	0.16	0.83	-0.23	0.86	-0.48	-0.19	-0.51	0.22	0.37
Long Term Debt	0.72	-0.72	0.8	-0.52	0.8	0.8	-0.61	-0.27	0.26		0.51	0.15	-0.39	0.53	0.24	0.61	-0.43	0.74	0.49	-0.24	-0.14	-0.47	-0.25	-0.55	0.25	0.44
Net Receivables	0.95	-0.12	0.85	-0.27	0.87	0.85	-0.26	0.59	0.13	0.51		0.47	0.06	0.69	0.92	0.66	-0.27	0.93	0.3	0.0	-0.31	-0.24	0.03	-0.43	0.1	0.16
Other Stockholder Equity	0.43	0.04	0.46	-0.6	0.43	0.45	-0.4	0.33	0.08	0.15	0.47		-0.12	0.71	0.4	0.8	-0.67	0.43	0.17	-0.27	-0.15	-0.63	-0.29	-0.67	0.59	0.56
Total Liab	-0.08	0.87	-0.38	0.77	-0.34	-0.36	0.88	0.27	-0.33	-0.39	0.06	-0.12		0.1	0.24	-0.17	0.59	-0.1	-0.42	0.9	-0.23	0.77	0.91	0.59	-0.29	-0.74
Short Long Term Debt	0.74	-0.01	0.63	-0.34	0.64	0.64	-0.35	0.22	0.07	0.53	0.69	0.71	0.1		0.53	0.94	-0.41	0.75	0.19	0.0	-0.31	-0.34	0.06	-0.6	0.14	0.26
Total Current Assets	0.83	0.1	0.68	-0.06	0.71	0.69	0.0	0.8	0.03	0.24	0.92	0.4	0.24	0.53		0.46	-0.16	0.8	0.26	0.2	-0.34	-0.03	0.2	-0.27	0.08	0.05
Short Term Debt	0.74	-0.21	0.74	-0.63	0.73	0.74	-0.58	0.18	0.22	0.61	0.66	0.8	-0.17	0.94	0.46		-0.58	0.74	0.36	-0.25	-0.18	-0.62	-0.23	-0.78	0.32	0.53
Common Stock	-0.38	0.53	-0.53	0.78	-0.5	-0.51	0.73	0.01	-0.39	-0.43	-0.27	-0.67	0.59	-0.41	-0.16	-0.58		-0.39	-0.51	0.51	-0.16	0.77	0.53	0.84	-0.72	-0.71
Property Plant Equipment	1.0	-0.34	0.94	-0.36	0.95	0.94	-0.42	0.36	0.16	0.74	0.93	0.43	-0.1	0.75	0.8	0.74	-0.39		0.42	-0.05	-0.34	-0.34	-0.04	-0.55	0.16	0.31
Other Current Liab	0.46	-0.43	0.58	-0.58	0.55	0.57	-0.53	0.12	0.83	0.49	0.3	0.17	-0.42	0.19	0.26	0.36	-0.51	0.42		-0.17	0.58	-0.56	-0.26	-0.64	0.33	0.63
Non Current Assets Total	-0.03	0.68	-0.32	0.78	-0.28	-0.29	0.82	0.11	-0.23	-0.24	0.0	-0.27	0.9	0.0	0.2	-0.25	0.51	-0.05	-0.17		-0.14	0.77	0.94	0.54	-0.25	-0.6
Non Currrent Assets Other	-0.29	-0.04	-0.18	-0.25	-0.2	-0.17	-0.2	-0.16	0.86	-0.14	-0.31	-0.15	-0.23	-0.31	-0.34	-0.18	-0.16	-0.34	0.58	-0.14		-0.24	-0.11	-0.2	0.1	0.17
Non Current Liabilities Total	-0.34	0.6	-0.6	0.97	-0.55	-0.58	0.86	0.04	-0.48	-0.47	-0.24	-0.63	0.77	-0.34	-0.03	-0.62	0.77	-0.34	-0.56	0.77	-0.24		0.8	0.8	-0.63	-0.89
Net Debt	-0.02	0.69	-0.33	0.81	-0.29	-0.3	0.8	0.11	-0.19	-0.25	0.03	-0.29	0.91	0.06	0.2	-0.23	0.53	-0.04	-0.26	0.94	-0.11	0.8		0.54	-0.33	-0.73
Common Stock Shares Outstanding	-0.54	0.54	-0.68	0.85	-0.66	-0.69	0.86	-0.04	-0.51	-0.55	-0.43	-0.67	0.59	-0.6	-0.27	-0.78	0.84	-0.55	-0.64	0.54	-0.2	0.8	0.54		-0.42	-0.78
Other Current Assets	0.16	-0.28	0.31	-0.61	0.29	0.31	-0.3	-0.01	0.22	0.25	0.1	0.59	-0.29	0.14	0.08	0.32	-0.72	0.16	0.33	-0.25	0.1	-0.63	-0.33	-0.42		0.57
Net Invested Capital	0.31	-0.6	0.56	-0.87	0.51	0.55	-0.79	-0.06	0.37	0.44	0.16	0.56	-0.74	0.26	0.05	0.53	-0.71	0.31	0.63	-0.6	0.17	-0.89	-0.73	-0.78	0.57

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Altima Resources Account Relationship Matchups

Altima Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.4M	5.6M	5.1M	6.4M	5.8M	7.6M
Total Current Liabilities	7.4M	8.4M	10.2M	12.0M	13.8M	8.4M
Total Stockholder Equity	(3.7M)	(8.5M)	(8.0M)	(9.8M)	(8.8M)	(8.4M)
Other Liab	218.4K	2.1M	2.4M	2.9M	3.3M	3.5M
Net Tangible Assets	(3.5M)	(3.7M)	(5.1M)	(8.0M)	(7.2M)	(6.8M)
Retained Earnings	(34.7M)	(36.1M)	(39.7M)	(41.8M)	(37.6M)	(39.5M)
Accounts Payable	4.6M	5.5M	5.6M	6.6M	7.6M	3.9M
Cash	69.9K	139.2K	69.8K	242.4K	218.2K	132.4K
Net Receivables	25.9K	474.8K	241.3K	643.8K	579.4K	483.7K
Total Liab	10.1M	14.1M	13.1M	16.3M	18.7M	10.8M
Short Long Term Debt	913.5K	2.1M	2.0M	2.0M	1.8M	2.5M
Total Current Assets	880.6K	1.2M	582.9K	1.1M	966.2K	756.4K
Property Plant Equipment	2.0	5.5M	5.3M	4.6M	4.1M	6.9M
Other Current Liab	648.8K	42.5K	1.7M	(1.0)	(0.9)	(0.85)
Non Current Assets Total	5.5M	4.8M	4.6M	5.4M	6.2M	3.6M
Non Current Liabilities Total	2.7M	4.4M	2.9M	4.3M	4.9M	5.1M
Net Debt	1.5M	1.9M	2.0M	1.8M	2.1M	1.6M
Net Invested Capital	(2.2M)	(6.4M)	(5.9M)	(7.8M)	(7.0M)	(7.3M)
Net Working Capital	(6.5M)	(8.9M)	(9.6M)	(10.9M)	(9.9M)	(10.3M)
Property Plant And Equipment Net	5.5M	4.8M	4.6M	4.9M	5.7M	4.4M
Property Plant And Equipment Gross	7.1M	7.0M	7.0M	8.0M	9.2M	6.7M

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