Altima Total Assets vs Selling General Administrative 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 Total Assets and its Selling General Administrative 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.

Total Assets vs Selling General Administrative

Total Assets vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altima Resources Total Assets account and Selling General Administrative. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Altima Resources' Total Assets and Selling General Administrative is 0.42. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Selling General Administrative 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' Total Assets and Selling General Administrative 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 Assets of Altima Resources are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Assets i.e., Altima Resources' Total Assets and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.42

Relationship Direction	Positive
Relationship Strength	Weak

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Total Assets

Total assets refers to the total amount of Altima Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Altima Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Selling General Administrative

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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