Aurum Net Debt vs Non Current Assets Total Analysis

Stocks . Australia . 
Stock . Aurum Resources
AUE Stock   0.42  0.01  2.44%   
Aurum Resources financial indicator trend analysis is way more than just evaluating Aurum Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurum Resources is a good investment. Please check the relationship between Aurum Resources Net Debt and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurum 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.

Net Debt vs Non Current Assets Total

Net Debt vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurum Resources Net Debt account and Non Current Assets Total. At this time, the significance of the direction appears to have pay attention.
The correlation between Aurum Resources' Net Debt and Non Current Assets Total is -0.96. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Aurum Resources, assuming nothing else is changed. The correlation between historical values of Aurum Resources' Net Debt and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Aurum Resources are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Net Debt i.e., Aurum Resources' Net Debt and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

-0.96
Relationship DirectionNegative 
Relationship StrengthSignificant

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Aurum Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurum 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 Aurum 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 gain to about 899.3 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 4 M in 2024.
 2010 2022 2023 2024 (projected)
Interest Income249.013.8K15.9K16.7K
Net Interest Income249.013.8K15.9K16.7K

Aurum Resources fundamental ratios Correlations

Total Assets
Other Current Liab
Total Current Liabilities
Total Stockholder Equity
Net Tangible Assets
Net Debt
Retained Earnings
Cash
Cash And Short Term Investments
Common Stock Shares Outstanding
Total Liab
Total Current Assets
Common Stock
Property Plant And Equipment Net
Accounts Payable
Non Current Assets Total
Net Receivables
Other Current Assets
Net Invested Capital
Property Plant And Equipment Gross
Capital Stock
Net Working Capital
Property Plant Equipment
Non Currrent Assets Other
Other Assets
Inventory
Total Assets
1.01.01.00.65-0.99-0.910.990.990.861.00.991.00.990.990.990.90.87-0.83-0.82-0.94-0.85-0.82-0.94-0.940.94
Other Current Liab
1.01.01.00.65-0.99-0.910.990.990.861.00.990.990.990.990.990.90.88-0.81-0.8-0.94-0.83-0.8-0.94-0.940.94
Total Current Liabilities
1.01.01.00.6-0.98-0.90.990.990.871.00.990.991.01.01.00.90.88-0.82-0.81-0.95-0.84-0.81-0.95-0.950.94
Total Stockholder Equity
1.01.01.00.65-0.99-0.910.990.990.861.00.991.00.990.990.990.90.87-0.83-0.82-0.94-0.85-0.82-0.94-0.940.94
Net Tangible Assets
0.650.650.60.65-0.74-0.850.730.730.510.60.730.70.540.550.540.560.48-0.68-0.68-0.49-0.68-0.68-0.49-0.490.54
Net Debt
-0.99-0.99-0.98-0.99-0.740.95-1.0-1.0-0.86-0.98-1.0-1.0-0.96-0.97-0.96-0.9-0.870.860.840.90.870.840.90.9-0.93
Retained Earnings
-0.91-0.91-0.9-0.91-0.850.95-0.95-0.95-0.77-0.9-0.95-0.95-0.86-0.87-0.86-0.83-0.740.940.930.80.940.930.80.8-0.83
Cash
0.990.990.990.990.73-1.0-0.951.00.840.991.01.00.970.970.970.880.85-0.85-0.84-0.92-0.87-0.84-0.92-0.920.92
Cash And Short Term Investments
0.990.990.990.990.73-1.0-0.951.00.840.991.01.00.970.970.970.880.85-0.85-0.84-0.92-0.87-0.84-0.92-0.920.92
Common Stock Shares Outstanding
0.860.860.870.860.51-0.86-0.770.840.840.870.840.850.870.870.870.990.99-0.75-0.69-0.67-0.76-0.69-0.67-0.670.98
Total Liab
1.01.01.01.00.6-0.98-0.90.990.990.870.990.991.01.01.00.90.88-0.82-0.81-0.95-0.84-0.81-0.95-0.950.94
Total Current Assets
0.990.990.990.990.73-1.0-0.951.01.00.840.991.00.970.970.970.880.85-0.85-0.84-0.92-0.87-0.84-0.92-0.920.92
Common Stock
1.00.990.991.00.7-1.0-0.951.01.00.850.991.00.980.980.980.890.85-0.86-0.85-0.93-0.88-0.85-0.93-0.930.93
Property Plant And Equipment Net
0.990.991.00.990.54-0.96-0.860.970.970.871.00.970.981.01.00.90.89-0.79-0.78-0.95-0.81-0.78-0.95-0.950.95
Accounts Payable
0.990.991.00.990.55-0.97-0.870.970.970.871.00.970.981.01.00.90.88-0.81-0.8-0.95-0.83-0.8-0.95-0.950.95
Non Current Assets Total
0.990.991.00.990.54-0.96-0.860.970.970.871.00.970.981.01.00.90.89-0.79-0.78-0.95-0.81-0.78-0.95-0.950.95
Net Receivables
0.90.90.90.90.56-0.9-0.830.880.880.990.90.880.890.90.90.90.98-0.81-0.76-0.72-0.82-0.76-0.72-0.720.99
Other Current Assets
0.870.880.880.870.48-0.87-0.740.850.850.990.880.850.850.890.880.890.98-0.7-0.64-0.7-0.71-0.64-0.7-0.70.98
Net Invested Capital
-0.83-0.81-0.82-0.83-0.680.860.94-0.85-0.85-0.75-0.82-0.85-0.86-0.79-0.81-0.79-0.81-0.70.990.721.00.990.720.72-0.79
Property Plant And Equipment Gross
-0.82-0.8-0.81-0.82-0.680.840.93-0.84-0.84-0.69-0.81-0.84-0.85-0.78-0.8-0.78-0.76-0.640.990.741.01.00.740.74-0.75
Capital Stock
-0.94-0.94-0.95-0.94-0.490.90.8-0.92-0.92-0.67-0.95-0.92-0.93-0.95-0.95-0.95-0.72-0.70.720.740.750.741.01.0-0.8
Net Working Capital
-0.85-0.83-0.84-0.85-0.680.870.94-0.87-0.87-0.76-0.84-0.87-0.88-0.81-0.83-0.81-0.82-0.711.01.00.751.00.750.75-0.81
Property Plant Equipment
-0.82-0.8-0.81-0.82-0.680.840.93-0.84-0.84-0.69-0.81-0.84-0.85-0.78-0.8-0.78-0.76-0.640.991.00.741.00.740.74-0.75
Non Currrent Assets Other
-0.94-0.94-0.95-0.94-0.490.90.8-0.92-0.92-0.67-0.95-0.92-0.93-0.95-0.95-0.95-0.72-0.70.720.741.00.750.741.0-0.8
Other Assets
-0.94-0.94-0.95-0.94-0.490.90.8-0.92-0.92-0.67-0.95-0.92-0.93-0.95-0.95-0.95-0.72-0.70.720.741.00.750.741.0-0.8
Inventory
0.940.940.940.940.54-0.93-0.830.920.920.980.940.920.930.950.950.950.990.98-0.79-0.75-0.8-0.81-0.75-0.8-0.8
Click cells to compare fundamentals

Aurum Resources Account Relationship Matchups

High Positive Relationship

Other Current Liab
+ 1.0
Total Assets
Total Current Liabilities
+ 1.0
Total Assets
Total Stockholder Equity
+ 1.0
Total Assets
Total Liab
+ 1.0
Total Assets
Common Stock
+ 1.0
Total Assets
Total Current Liabilities
+ 1.0
Other Current Liab

High Negative Relationship

Common Stock
- 1.0
Net Debt
Total Current Assets
- 1.0
Net Debt
Cash And Short Term Investments
- 1.0
Net Debt
Cash
- 1.0
Net Debt
Net Debt
- 0.99
Total Stockholder Equity
Net Debt
- 0.99
Other Current Liab

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