| ARU Stock | | | CAD 0.49 0.01 2.08% |
Aurania Resources financial indicator trend analysis is way more than just evaluating Aurania Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurania Resources is a good investment. Please check the relationship between Aurania Resources Total Liab and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurania 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 Liab vs Cash
Total Liab vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aurania Resources Total Liab account and
Cash. At this time, the significance of the direction appears to have very week relationship.
The correlation between Aurania Resources' Total Liab and Cash is 0.25. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Cash in the same time period over historical financial statements of Aurania Resources, assuming nothing else is changed. The correlation between historical values of Aurania Resources' Total Liab 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 Liab of Aurania 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 Total Liab i.e., Aurania Resources' Total Liab and Cash go up and down completely randomly.
Correlation Coefficient | 0.25 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Cash
Cash refers to the most liquid asset of Aurania Resources, which is listed under current asset account on Aurania Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Aurania Resources customers. The amounts must be unrestricted with restricted cash listed in a different Aurania 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 Aurania Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurania 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 Aurania 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.
At this time, Aurania Resources'
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 7.3
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(3.84) in 2024.
Aurania Resources fundamental ratios Correlations
Click cells to compare fundamentals
Aurania Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aurania Resources fundamental ratios Accounts
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Additional Tools for Aurania Stock Analysis
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measure Aurania Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aurania Resources is operating at the current time. Most of Aurania Resources' value examination focuses on studying past and present price action to
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