Altair Net Tangible Assets vs Net Debt Analysis

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

Net Tangible Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altair Resources Net Tangible Assets account and Net Debt. At this time, the significance of the direction appears to have weak relationship.

The correlation between Altair Resources' Net Tangible Assets and Net Debt is 0.38. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Altair Resources, assuming nothing else is changed. The correlation between historical values of Altair Resources' Net Tangible Assets and Net Debt 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 Tangible Assets of Altair Resources are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Tangible Assets i.e., Altair Resources' Net Tangible Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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.

Most indicators from Altair Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altair 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 Altair 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 drop to about 314.4 K in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

Altair Resources fundamental ratios Correlations

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

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Altair Resources Account Relationship Matchups

Altair Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.3K	40.7K	60.6K	10.0K	7.7K	7.3K
Total Current Liabilities	1.2M	730.8K	1.7M	2.0M	2.4M	2.6M
Total Stockholder Equity	(1.2M)	(1.2M)	(1.7M)	(2.0M)	(2.4M)	(2.3M)
Net Tangible Assets	(642.3K)	(1.2M)	(1.2M)	(1.7M)	(1.5M)	(1.4M)
Retained Earnings	(20.4M)	(20.7M)	(23.8M)	(24.4M)	(24.8M)	(26.0M)
Accounts Payable	736.3K	1.0M	456.8K	1.1M	1.3M	1.3M
Cash	906.0	21.8K	14.4K	5.0K	572.0	543.4
Net Receivables	2.7K	9.4K	8.1K	7.0K	6.3K	10.3K
Other Stockholder Equity	3.9M	3.6M	3.6M	3.9M	4.5M	3.3M
Total Liab	1.2M	1.3M	1.7M	2.0M	2.4M	2.6M
Total Current Assets	10.3K	40.7K	55.6K	10.0K	7.7K	7.3K
Common Stock	15.2M	15.5M	15.8M	18.2M	20.9M	14.5M
Property Plant Equipment	582.2K	1.0	2.0	5.0K	4.5K	4.3K
Common Stock Shares Outstanding	19.7M	30.3M	54.2M	57.3M	65.9M	34.7M
Net Invested Capital	(1.2M)	(1.2M)	(1.7M)	(2.0M)	(2.4M)	(2.3M)
Net Working Capital	(1.2M)	(690.1K)	(1.7M)	(2.0M)	(2.4M)	(2.3M)
Capital Stock	15.5M	15.8M	18.2M	18.5M	21.3M	18.7M

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