Aurum Total Liab vs Cash Analysis
| 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 Total Liab and its Cash 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.
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 Aurum Resources Total Liab account and Cash. At this time, the significance of the direction appears to have totally related.
The correlation between Aurum Resources' Total Liab and Cash is 0.99. 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 Aurum Resources, assuming nothing else is changed. The correlation between historical values of Aurum 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 Aurum 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., Aurum Resources' Total Liab and Cash go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
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 Aurum Resources, which is listed under current asset account on Aurum Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Aurum Resources customers. The amounts must be unrestricted with restricted cash listed in a different Aurum 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 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 Income | 249.0 | 13.8K | 15.9K | 16.7K | Net Interest Income | 249.0 | 13.8K | 15.9K | 16.7K |
Aurum Resources fundamental ratios Correlations
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Aurum Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Aurum Stock Analysis
When running Aurum Resources' price analysis, check to measure Aurum 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 Aurum Resources is operating at the current time. Most of Aurum Resources' value examination focuses on studying past and present price action to predict the probability of Aurum Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurum Resources' price. Additionally, you may evaluate how the addition of Aurum Resources to your portfolios can decrease your overall portfolio volatility.