Aurora Total Liab vs Net Receivables Analysis

ASG Stock

CAD 0.45 0.02 4.65%

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

Total Liab vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurora Spine Corp Total Liab account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Aurora Spine's Total Liab and Net Receivables is 0.85. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Aurora Spine Corp, assuming nothing else is changed. The correlation between historical values of Aurora Spine's Total Liab and Net Receivables 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 Aurora Spine Corp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Liab i.e., Aurora Spine's Total Liab and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Net Receivables

Most indicators from Aurora Spine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurora Spine Corp 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 Spine Corp. 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, Aurora Spine's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.83 in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (51.51).

	2021	2022	2023	2024 (projected)
Gross Profit	4.8M	7.8M	8.2M	4.3M
Total Revenue	10.5M	14.9M	14.5M	8.9M

Gross Profit Total Revenue

Aurora Spine fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Other Current Liab	Other Liab	Net Tangible Assets	Other Assets	Inventory	Short Long Term Debt	Short Term Debt	Common Stock	Property Plant Equipment	Non Current Liabilities Total
Total Assets		0.86	0.95	0.53	0.46	-0.9	0.86	0.45	0.75	0.5	0.82	0.88	0.23	0.96	0.99	0.7	0.9	-0.86	0.85	-0.3	0.86	-0.07	0.02	0.94	0.47	0.74
Total Current Liabilities	0.86		0.81	0.71	0.31	-0.67	1.0	0.15	0.81	0.2	0.61	0.57	0.45	0.85	0.78	0.38	0.76	-0.76	0.72	-0.22	0.87	-0.03	0.03	0.7	0.78	0.39
Total Stockholder Equity	0.95	0.81		0.57	0.29	-0.79	0.8	0.55	0.75	0.59	0.72	0.78	0.26	0.84	0.94	0.59	0.8	-0.77	0.93	-0.27	0.81	-0.13	-0.06	0.85	0.52	0.59
Property Plant And Equipment Net	0.53	0.71	0.57		0.0	-0.28	0.69	0.06	0.93	-0.03	0.21	0.26	0.44	0.45	0.43	0.03	0.39	-0.35	0.5	-0.05	0.56	0.05	0.08	0.28	0.67	0.01
Net Debt	0.46	0.31	0.29	0.0		-0.65	0.28	-0.09	0.29	-0.05	0.82	0.65	-0.31	0.58	0.47	0.61	0.61	-0.63	0.26	-0.67	0.39	-0.28	-0.12	0.55	-0.2	0.71
Retained Earnings	-0.9	-0.67	-0.79	-0.28	-0.65		-0.67	-0.4	-0.56	-0.47	-0.9	-0.92	-0.14	-0.92	-0.92	-0.79	-0.88	0.94	-0.63	0.48	-0.76	-0.04	-0.16	-0.97	-0.21	-0.89
Accounts Payable	0.86	1.0	0.8	0.69	0.28	-0.67		0.15	0.78	0.21	0.6	0.55	0.48	0.84	0.78	0.38	0.75	-0.76	0.71	-0.21	0.88	-0.01	0.05	0.7	0.8	0.38
Cash	0.45	0.15	0.55	0.06	-0.09	-0.4	0.15		0.24	0.98	0.35	0.51	-0.32	0.32	0.53	0.58	0.22	-0.24	0.39	-0.06	0.02	-0.35	-0.36	0.42	-0.09	0.39
Non Current Assets Total	0.75	0.81	0.75	0.93	0.29	-0.56	0.78	0.24		0.16	0.52	0.56	0.27	0.69	0.67	0.35	0.63	-0.59	0.63	-0.25	0.68	-0.08	-0.01	0.55	0.56	0.33
Cash And Short Term Investments	0.5	0.2	0.59	-0.03	-0.05	-0.47	0.21	0.98	0.16		0.41	0.54	-0.26	0.39	0.59	0.62	0.3	-0.33	0.45	-0.07	0.1	-0.33	-0.33	0.51	-0.04	0.46
Net Receivables	0.82	0.61	0.72	0.21	0.82	-0.9	0.6	0.35	0.52	0.41		0.88	-0.11	0.85	0.85	0.77	0.81	-0.85	0.66	-0.65	0.64	-0.25	-0.09	0.85	0.09	0.84
Common Stock Shares Outstanding	0.88	0.57	0.78	0.26	0.65	-0.92	0.55	0.51	0.56	0.54	0.88		-0.11	0.9	0.92	0.9	0.81	-0.77	0.66	-0.33	0.62	-0.11	-0.01	0.93	0.03	0.95
Other Stockholder Equity	0.23	0.45	0.26	0.44	-0.31	-0.14	0.48	-0.32	0.27	-0.26	-0.11	-0.11		0.18	0.14	-0.4	0.26	-0.31	0.25	0.07	0.58	0.72	0.71	0.19	0.77	-0.17
Total Liab	0.96	0.85	0.84	0.45	0.58	-0.92	0.84	0.32	0.69	0.39	0.85	0.9	0.18		0.95	0.75	0.91	-0.88	0.72	-0.31	0.83	-0.02	0.08	0.94	0.39	0.82
Total Current Assets	0.99	0.78	0.94	0.43	0.47	-0.92	0.78	0.53	0.67	0.59	0.85	0.92	0.14	0.95		0.77	0.88	-0.84	0.83	-0.29	0.8	-0.09	0.0	0.96	0.35	0.81
Intangible Assets	0.7	0.38	0.59	0.03	0.61	-0.79	0.38	0.58	0.35	0.62	0.77	0.9	-0.4	0.75	0.77		0.6	-0.6	0.41	-0.19	0.37	-0.34	-0.28	0.79	-0.17	0.88
Other Current Liab	0.9	0.76	0.8	0.39	0.61	-0.88	0.75	0.22	0.63	0.3	0.81	0.81	0.26	0.91	0.88	0.6		-0.93	0.71	-0.5	0.86	0.05	0.16	0.9	0.36	0.78
Other Liab	-0.86	-0.76	-0.77	-0.35	-0.63	0.94	-0.76	-0.24	-0.59	-0.33	-0.85	-0.77	-0.31	-0.88	-0.84	-0.6	-0.93		-0.63	0.62	-0.85	-0.06	-0.19	-0.89	-0.4	-0.73
Net Tangible Assets	0.85	0.72	0.93	0.5	0.26	-0.63	0.71	0.39	0.63	0.45	0.66	0.66	0.25	0.72	0.83	0.41	0.71	-0.63		-0.26	0.76	-0.17	-0.09	0.71	0.49	0.47
Other Assets	-0.3	-0.22	-0.27	-0.05	-0.67	0.48	-0.21	-0.06	-0.25	-0.07	-0.65	-0.33	0.07	-0.31	-0.29	-0.19	-0.5	0.62	-0.26		-0.3	0.18	0.0	-0.33	0.05	-0.35
Inventory	0.86	0.87	0.81	0.56	0.39	-0.76	0.88	0.02	0.68	0.1	0.64	0.62	0.58	0.83	0.8	0.37	0.86	-0.85	0.76	-0.3		0.2	0.29	0.8	0.67	0.51
Short Long Term Debt	-0.07	-0.03	-0.13	0.05	-0.28	-0.04	-0.01	-0.35	-0.08	-0.33	-0.25	-0.11	0.72	-0.02	-0.09	-0.34	0.05	-0.06	-0.17	0.18	0.2		0.98	0.05	0.17	-0.01
Short Term Debt	0.02	0.03	-0.06	0.08	-0.12	-0.16	0.05	-0.36	-0.01	-0.33	-0.09	-0.01	0.71	0.08	0.0	-0.28	0.16	-0.19	-0.09	0.0	0.29	0.98		0.14	0.16	0.09
Common Stock	0.94	0.7	0.85	0.28	0.55	-0.97	0.7	0.42	0.55	0.51	0.85	0.93	0.19	0.94	0.96	0.79	0.9	-0.89	0.71	-0.33	0.8	0.05	0.14		0.27	0.88
Property Plant Equipment	0.47	0.78	0.52	0.67	-0.2	-0.21	0.8	-0.09	0.56	-0.04	0.09	0.03	0.77	0.39	0.35	-0.17	0.36	-0.4	0.49	0.05	0.67	0.17	0.16	0.27		-0.17
Non Current Liabilities Total	0.74	0.39	0.59	0.01	0.71	-0.89	0.38	0.39	0.33	0.46	0.84	0.95	-0.17	0.82	0.81	0.88	0.78	-0.73	0.47	-0.35	0.51	-0.01	0.09	0.88	-0.17

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Aurora Spine Account Relationship Matchups

Aurora Spine fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.7M	7.2M	10.6M	10.1M	12.0M	7.8M
Total Current Liabilities	2.5M	1.6M	2.6M	3.0M	3.3M	2.6M
Total Stockholder Equity	1.8M	3.3M	5.6M	4.3M	5.3M	3.5M
Property Plant And Equipment Net	1.2M	1.1M	1.3M	1.9M	2.3M	1.3M
Net Debt	2.0M	632.2K	(793.0K)	2.5M	2.9M	3.0M
Retained Earnings	(20.0M)	(20.2M)	(22.6M)	(24.1M)	(25.8M)	(27.1M)
Accounts Payable	2.5M	1.5M	2.6M	2.8M	3.0M	2.5M
Cash	444.7K	1.7M	3.2M	423.4K	766.8K	875.1K
Non Current Assets Total	2.0M	2.0M	2.2M	2.8M	3.5M	2.4M
Cash And Short Term Investments	444.7K	1.7M	3.2M	423.4K	766.8K	858.0K
Net Receivables	2.4M	1.7M	2.7M	3.7M	4.0M	4.2M
Common Stock Shares Outstanding	46.5M	54.6M	58.7M	66.8M	70.7M	46.1M
Liabilities And Stockholders Equity	6.7M	7.2M	10.6M	10.1M	12.0M	8.2M
Other Stockholder Equity	1.1M	1.5M	3.1M	3.2M	3.4M	6.0M
Total Liab	4.9M	3.9M	5.0M	5.8M	6.7M	4.3M
Total Current Assets	4.7M	5.2M	8.4M	7.3M	8.5M	5.4M
Intangible Assets	838.9K	868.9K	854.3K	881.4K	753.2K	576.2K
Net Tangible Assets	2.1M	929.1K	2.4M	4.7M	5.4M	2.9M
Inventory	1.5M	1.6M	1.9M	3.1M	3.6M	2.6M
Common Stock	20.7M	22.0M	25.1M	25.2M	27.7M	22.0M
Property Plant Equipment	766.6K	1.2M	1.1M	1.3M	1.2M	1.3M
Non Current Liabilities Total	2.4M	2.3M	2.4M	2.8M	3.4M	2.0M
Other Current Assets	262.2K	231.3K	674.7K	186.8K	204.2K	328.5K
Long Term Debt	2.1M	2.1M	2.3M	2.4M	2.6M	2.0M
Net Invested Capital	3.9M	5.5M	7.9M	6.7M	7.9M	6.0M
Net Working Capital	2.2M	3.6M	5.8M	4.3M	5.2M	4.2M
Short Long Term Debt Total	2.4M	2.3M	2.4M	3.0M	3.6M	2.9M
Capital Stock	20.7M	22.0M	25.1M	25.2M	27.7M	25.9M

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