Aurora Total Current Assets vs Cash Analysis
ARR Stock | 231.00 2.00 0.86% |
Aurora Investment financial indicator trend analysis is way more than just evaluating Aurora Investment Trust prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurora Investment Trust is a good investment. Please check the relationship between Aurora Investment Total Current Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Investment Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Total Current Assets vs Cash
Total Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurora Investment Trust Total Current Assets account and Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Aurora Investment's Total Current Assets and Cash is 0.98. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Aurora Investment Trust, assuming nothing else is changed. The correlation between historical values of Aurora Investment's Total Current Assets 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 Total Current Assets of Aurora Investment Trust 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 Total Current Assets i.e., Aurora Investment's Total Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Cash
Cash refers to the most liquid asset of Aurora Investment Trust, which is listed under current asset account on Aurora Investment Trust balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Aurora Investment customers. The amounts must be unrestricted with restricted cash listed in a different Aurora Investment 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 Aurora Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurora Investment Trust 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 Aurora Investment Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. At present, Aurora Investment's Tax Provision is projected to increase significantly based on the last few years of reporting.
Aurora Investment fundamental ratios Correlations
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Aurora Investment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aurora Investment fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 155.8M | 163.2M | 194.5M | 154.9M | 208.8M | 219.3M | |
Other Current Liab | 1.5M | 286K | 330K | 107K | 115K | 120.8K | |
Total Current Liabilities | 1.5M | 286K | 330K | 107K | 230K | 218.5K | |
Total Stockholder Equity | 154.4M | 162.9M | 194.2M | 154.8M | 208.7M | 219.1M | |
Net Debt | (16.6M) | (5.1M) | (7.7M) | (5.3M) | (6.2M) | (5.9M) | |
Cash | 16.6M | 5.1M | 7.7M | 5.3M | 6.2M | 6.6M | |
Non Current Assets Total | 138.8M | 157.9M | 186.6M | 149.2M | 202.2M | 212.3M | |
Non Currrent Assets Other | (138.8M) | (157.9M) | (186.6M) | (149.2M) | (202.2M) | (192.1M) | |
Cash And Short Term Investments | 16.6M | 5.1M | 7.7M | 5.3M | 6.2M | 6.6M | |
Net Receivables | 422K | 258K | 222K | 310K | 372K | 280.4K | |
Common Stock Total Equity | 10.6M | 13.9M | 16.6M | 18.8M | 21.6M | 22.7M | |
Common Stock Shares Outstanding | 60.8M | 72.6M | 76.3M | 76.6M | 76.1M | 79.9M | |
Liabilities And Stockholders Equity | 155.8M | 163.2M | 194.5M | 154.9M | 208.8M | 219.3M | |
Non Current Liabilities Total | 1.5M | 286K | 330K | 107K | 115K | 109.3K | |
Other Stockholder Equity | 97.2M | 108.4M | 111.0M | 111.0M | 111.2M | 116.7M | |
Total Liab | 1.5M | 286K | 330K | 107K | 115K | 109.3K | |
Total Current Assets | 17.0M | 5.3M | 7.9M | 5.7M | 6.6M | 3.3M | |
Common Stock | 16.6M | 18.8M | 19.1M | 19.2M | 19.0M | 20.0M | |
Retained Earnings | 27.0M | 21.6M | 2.0M | 2.9M | 3.3M | 2.7M | |
Accumulated Other Comprehensive Income | 13.6M | 14.1M | 62.1M | 21.7M | 75.3M | 79.0M | |
Net Tangible Assets | 154.4M | 162.9M | 194.2M | 154.8M | 178.0M | 115.2M | |
Long Term Investments | 138.8M | 157.9M | 186.6M | 149.2M | 202.2M | 121.2M | |
Other Assets | 101.1M | 155.8M | 163.2M | 194.5M | 223.7M | 129.0M | |
Capital Surpluse | 54.0M | 77.8M | 97.2M | 108.4M | 124.7M | 81.4M | |
Capital Stock | 16.6M | 18.8M | 19.1M | 19.2M | 19.0M | 19.5M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Aurora Stock
Balance Sheet is a snapshot of the financial position of Aurora Investment Trust at a specified time, usually calculated after every quarter, six months, or one year. Aurora Investment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aurora Investment and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Aurora currently owns. An asset can also be divided into two categories, current and non-current.