Chibougamau Short Term Debt vs Net Working Capital Analysis

CBG Stock

CAD 0.14 0.01 7.69%

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

Short Term Debt vs Net Working Capital

Short Term Debt vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chibougamau Independent Short Term Debt account and Net Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Chibougamau Independent's Short Term Debt and Net Working Capital is -0.33. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Chibougamau Independent Mines, assuming nothing else is changed. The correlation between historical values of Chibougamau Independent's Short Term Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Chibougamau Independent Mines are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Short Term Debt i.e., Chibougamau Independent's Short Term Debt and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.33

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Short Term Debt

Net Working Capital

Most indicators from Chibougamau Independent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chibougamau Independent 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 Chibougamau Independent Mines. 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 167.5 K in 2024. Tax Provision is likely to drop to about (68.3 K) in 2024

Chibougamau Independent fundamental ratios Correlations

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

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Chibougamau Independent Account Relationship Matchups

Chibougamau Independent fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	604.4K	1.3M	1.0M	616.2K	930.9K	1.0M
Total Current Liabilities	219.8K	215.4K	272.8K	157.2K	369.4K	387.9K
Total Stockholder Equity	384.6K	1.0M	765.9K	459.0K	561.5K	858.4K
Net Tangible Assets	384.6K	1.0M	765.9K	459.0K	413.1K	392.5K
Retained Earnings	(10.5M)	(10.7M)	(11.0M)	(12.0M)	(12.1M)	(12.7M)
Accounts Payable	27.5K	47.6K	55.2K	67.5K	323.5K	339.7K
Cash	540.0K	1.2M	779.3K	534.1K	839.9K	497.3K
Net Receivables	9.1K	4.3K	4.2K	60.9K	33.0K	39.7K
Total Liab	219.8K	275.2K	272.8K	157.2K	369.4K	243.7K
Total Current Assets	604.4K	1.3M	1.0M	616.2K	930.9K	699.2K
Common Stock	10.1M	11.0M	11.1M	11.6M	13.3M	10.7M
Short Term Investments	39.6K	93.5K	230.0K	0.0	39.2K	37.2K
Other Current Liab	214.3K	192.4K	248.7K	132.5K	152.4K	136.7K
Common Stock Shares Outstanding	46.7M	53.1M	53.6M	59.2M	61.1M	55.6M
Net Invested Capital	384.6K	1.1M	765.9K	459.0K	561.5K	649.1K
Net Working Capital	384.6K	1.1M	765.9K	459.0K	561.5K	645.7K
Capital Stock	10.1M	11.0M	11.1M	11.6M	11.8M	11.9M

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