Errawarra Net Debt vs Total Current Assets Analysis

ERW Stock

0.08 0.02 27.87%

Errawarra Resources financial indicator trend analysis is much more than just examining Errawarra Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Errawarra Resources is a good investment. Please check the relationship between Errawarra Resources Net Debt and its Total Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Errawarra 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 Total Current Assets

Net Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Errawarra Resources Net Debt account and Total Current Assets. At this time, the significance of the direction appears to have pay attention.

The correlation between Errawarra Resources' Net Debt and Total Current Assets is -0.99. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Errawarra Resources, assuming nothing else is changed. The correlation between historical values of Errawarra Resources' Net Debt and Total Current Assets 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 Errawarra Resources are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Debt i.e., Errawarra Resources' Net Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.99

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

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.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Errawarra Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Errawarra 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Errawarra 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 330.3 K in 2024. Issuance Of Capital Stock is likely to drop to 2,761 in 2024

	2021	2022	2023	2024 (projected)
Net Interest Income	1.5K	14.7K	16.9K	17.7K
Interest Income	1.5K	31.8K	36.6K	25.1K

Net Interest Income Interest Income

Errawarra Resources fundamental ratios Correlations

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

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Errawarra Resources Account Relationship Matchups

Errawarra Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.3M	3.6M	3.5M	1.5M	2.3M	1.7M
Short Long Term Debt Total	251.1K	303.1K	379.4K	37.0K	70.0K	66.5K
Other Current Liab	88.8K	179.4K	678.6K	258.6K	269.3K	189.7K
Total Current Liabilities	19.6K	305.9K	689.8K	516.6K	436.2K	323.8K
Total Stockholder Equity	6.3M	3.3M	2.5M	916.8K	2.1M	1.3M
Net Debt	(4.9M)	(3.4M)	(3.3M)	(1.2M)	(1.5M)	(1.5M)
Retained Earnings	(1.6M)	(4.5M)	(7.8M)	(10.4M)	(12.2M)	(11.6M)
Accounts Payable	19.6K	126.5K	11.3K	228.6K	117.7K	60.4K
Cash	5.3M	3.4M	3.3M	1.3M	1.5M	1.4M
Cash And Short Term Investments	5.3M	3.5M	3.4M	1.3M	1.8M	1.5M
Short Term Investments	58.7K	73.4K	117.5K	88.1K	294.9K	309.6K
Liabilities And Stockholders Equity	6.3M	3.6M	3.5M	1.5M	2.3M	1.7M
Other Current Assets	73.4K	208.1K	10K	10.0K	25K	42.0K
Total Liab	19.6K	305.9K	958.5K	722.1K	584.4K	413.2K
Total Current Assets	5.3M	3.6M	3.5M	1.4M	2.2M	1.6M
Accumulated Other Comprehensive Income	1.1M	1.2M	2.8M	3.8M	2.8M	1.5M
Common Stock	6.7M	6.6M	7.6M	7.6M	11.5M	12.1M
Short Term Debt	303.1K	379.4K	0.0	29.5K	49.2K	46.8K
Net Tangible Assets	(379.3K)	3.3M	2.5M	916.8K	1.1M	864.1K
Cash And Equivalents	16.8K	3.4M	3.3M	1.3M	1.4M	1.5M

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