Entree Net Debt vs Cash And Short Term Investments Analysis

ETG Stock

CAD 2.03 0.04 1.93%

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

Net Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Entree Resources Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between Entree Resources' Net Debt and Cash And Short Term Investments is -0.97. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Entree Resources, assuming nothing else is changed. The correlation between historical values of Entree Resources' Net Debt and Cash And Short Term Investments 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 Entree Resources are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., Entree Resources' Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.97

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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Entree Resources balance sheet. This account contains Entree Resources investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Entree Resources fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Entree Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Entree 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 Entree 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.

As of the 23rd of November 2024, Enterprise Value is likely to grow to about 187.5 M, while Selling General Administrative is likely to drop 1,902.

Entree Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Net Receivables	Inventory	Non Currrent Assets Other	Common Stock Total Equity
Total Assets		0.88	0.84	0.9	0.96	0.28	-0.86	0.41	-0.16	0.82	0.96	0.16	0.84	-0.14	0.55	-0.33	0.93	0.45	-0.31	0.96	0.85	0.75	0.32	-0.61	0.9	0.25
Other Current Liab	0.88		0.99	0.75	0.81	0.15	-0.78	0.27	-0.25	0.77	0.81	-0.04	0.81	-0.03	0.67	-0.21	0.87	0.6	-0.19	0.81	0.82	0.65	0.45	-0.51	0.69	0.31
Total Current Liabilities	0.84	0.99		0.71	0.77	0.14	-0.76	0.28	-0.3	0.75	0.76	-0.09	0.79	-0.12	0.65	-0.19	0.84	0.59	-0.16	0.77	0.8	0.57	0.44	-0.5	0.64	0.26
Total Stockholder Equity	0.9	0.75	0.71		0.93	0.54	-0.72	0.73	0.01	0.58	0.93	0.18	0.61	-0.45	0.66	-0.72	0.9	0.54	-0.7	0.93	0.62	0.78	0.27	-0.79	0.83	-0.13
Property Plant And Equipment Net	0.96	0.81	0.77	0.93		0.31	-0.69	0.47	-0.13	0.62	1.0	0.23	0.65	-0.21	0.61	-0.47	0.94	0.5	-0.45	1.0	0.67	0.76	0.35	-0.63	0.92	0.2
Current Deferred Revenue	0.28	0.15	0.14	0.54	0.31		-0.33	0.73	0.28	0.15	0.3	0.1	0.16	-0.59	0.27	-0.73	0.29	0.18	-0.73	0.3	0.16	0.37	-0.18	-0.54	0.29	-0.55
Net Debt	-0.86	-0.78	-0.76	-0.72	-0.69	-0.33		-0.4	0.13	-0.97	-0.69	-0.03	-0.97	0.15	-0.32	0.18	-0.72	-0.22	0.16	-0.69	-0.97	-0.62	-0.1	0.54	-0.71	-0.1
Retained Earnings	0.41	0.27	0.28	0.73	0.47	0.73	-0.4		0.12	0.18	0.46	0.07	0.2	-0.87	0.39	-0.9	0.46	0.29	-0.9	0.46	0.2	0.41	-0.08	-0.71	0.39	-0.76
Accounts Payable	-0.16	-0.25	-0.3	0.01	-0.13	0.28	0.13	0.12		-0.18	-0.13	0.57	-0.18	0.01	0.04	-0.29	-0.2	-0.04	-0.3	-0.13	-0.19	0.4	-0.21	-0.43	-0.11	-0.22
Cash	0.82	0.77	0.75	0.58	0.62	0.15	-0.97	0.18	-0.18		0.62	0.02	1.0	0.05	0.23	0.05	0.64	0.15	0.07	0.62	0.99	0.55	0.13	-0.39	0.67	0.29
Non Current Assets Total	0.96	0.81	0.76	0.93	1.0	0.3	-0.69	0.46	-0.13	0.62		0.23	0.65	-0.2	0.6	-0.47	0.94	0.5	-0.45	1.0	0.67	0.76	0.34	-0.63	0.92	0.2
Other Assets	0.16	-0.04	-0.09	0.18	0.23	0.1	-0.03	0.07	0.57	0.02	0.23		0.01	0.02	0.03	-0.13	0.0	-0.02	-0.13	0.23	0.01	0.35	-0.34	-0.21	0.24	0.11
Cash And Short Term Investments	0.84	0.81	0.79	0.61	0.65	0.16	-0.97	0.2	-0.18	1.0	0.65	0.01		0.03	0.32	0.01	0.69	0.24	0.03	0.65	1.0	0.56	0.19	-0.42	0.66	0.29
Common Stock Shares Outstanding	-0.14	-0.03	-0.12	-0.45	-0.21	-0.59	0.15	-0.87	0.01	0.05	-0.2	0.02	0.03		-0.22	0.71	-0.21	-0.16	0.71	-0.2	0.02	-0.07	0.15	0.51	-0.14	0.84
Short Term Investments	0.55	0.67	0.65	0.66	0.61	0.27	-0.32	0.39	0.04	0.23	0.6	0.03	0.32	-0.22		-0.54	0.69	0.98	-0.52	0.61	0.34	0.45	0.68	-0.51	0.28	0.02
Non Current Liabilities Total	-0.33	-0.21	-0.19	-0.72	-0.47	-0.73	0.18	-0.9	-0.29	0.05	-0.47	-0.13	0.01	0.71	-0.54		-0.46	-0.44	1.0	-0.47	0.0	-0.47	-0.06	0.72	-0.35	0.66
Other Current Assets	0.93	0.87	0.84	0.9	0.94	0.29	-0.72	0.46	-0.2	0.64	0.94	0.0	0.69	-0.21	0.69	-0.46		0.6	-0.43	0.94	0.7	0.69	0.52	-0.6	0.79	0.15
Other Stockholder Equity	0.45	0.6	0.59	0.54	0.5	0.18	-0.22	0.29	-0.04	0.15	0.5	-0.02	0.24	-0.16	0.98	-0.44	0.6		-0.43	0.5	0.26	0.31	0.71	-0.35	0.15	0.06
Total Liab	-0.31	-0.19	-0.16	-0.7	-0.45	-0.73	0.16	-0.9	-0.3	0.07	-0.45	-0.13	0.03	0.71	-0.52	1.0	-0.43	-0.43		-0.45	0.03	-0.46	-0.04	0.71	-0.33	0.67
Property Plant And Equipment Gross	0.96	0.81	0.77	0.93	1.0	0.3	-0.69	0.46	-0.13	0.62	1.0	0.23	0.65	-0.2	0.61	-0.47	0.94	0.5	-0.45		0.67	0.76	0.35	-0.63	0.92	0.2
Total Current Assets	0.85	0.82	0.8	0.62	0.67	0.16	-0.97	0.2	-0.19	0.99	0.67	0.01	1.0	0.02	0.34	0.0	0.7	0.26	0.03	0.67		0.57	0.21	-0.42	0.67	0.29
Short Term Debt	0.75	0.65	0.57	0.78	0.76	0.37	-0.62	0.41	0.4	0.55	0.76	0.35	0.56	-0.07	0.45	-0.47	0.69	0.31	-0.46	0.76	0.57		0.25	-0.76	0.77	0.09
Net Receivables	0.32	0.45	0.44	0.27	0.35	-0.18	-0.1	-0.08	-0.21	0.13	0.34	-0.34	0.19	0.15	0.68	-0.06	0.52	0.71	-0.04	0.35	0.21	0.25		-0.05	0.07	0.28
Inventory	-0.61	-0.51	-0.5	-0.79	-0.63	-0.54	0.54	-0.71	-0.43	-0.39	-0.63	-0.21	-0.42	0.51	-0.51	0.72	-0.6	-0.35	0.71	-0.63	-0.42	-0.76	-0.05		-0.6	0.34
Non Currrent Assets Other	0.9	0.69	0.64	0.83	0.92	0.29	-0.71	0.39	-0.11	0.67	0.92	0.24	0.66	-0.14	0.28	-0.35	0.79	0.15	-0.33	0.92	0.67	0.77	0.07	-0.6		0.22
Common Stock Total Equity	0.25	0.31	0.26	-0.13	0.2	-0.55	-0.1	-0.76	-0.22	0.29	0.2	0.11	0.29	0.84	0.02	0.66	0.15	0.06	0.67	0.2	0.29	0.09	0.28	0.34	0.22

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Entree Resources Account Relationship Matchups

Entree Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.1M	8.0M	7.8M	7.5M	7.2M	6.9M
Other Current Liab	72K	124K	101K	227K	199K	189.1K
Total Current Liabilities	175K	232K	200K	327K	313K	618.8K
Total Stockholder Equity	(47.0M)	(50.2M)	(55.1M)	(57.5M)	(64.6M)	(61.4M)
Property Plant And Equipment Net	316K	220K	128K	523K	419K	398.1K
Net Debt	4.0M	2.6M	3.3M	5.3M	6.7M	7.0M
Retained Earnings	(242.1M)	(248.1M)	(255.7M)	(264.7M)	(274.3M)	(260.6M)
Accounts Payable	72.0	124.0	71.0	227.0	159.0	151.05
Cash	5.4M	7.3M	7.1M	6.4M	6.1M	5.8M
Non Current Assets Total	442K	409K	367K	818K	779K	740.1K
Cash And Short Term Investments	5.4M	7.3M	7.1M	6.4M	6.1M	5.8M
Common Stock Shares Outstanding	174.9M	178.6M	188.7M	197.1M	203.3M	117.7M
Liabilities And Stockholders Equity	6.1M	8.0M	7.8M	7.5M	7.2M	6.9M
Non Current Liabilities Total	52.9M	57.9M	62.7M	64.7M	71.5M	75.1M
Other Current Assets	280.0	292.0	310.0	254.0	333.0	316.35
Total Liab	53.1M	58.2M	62.9M	65.0M	71.8M	75.4M
Property Plant And Equipment Gross	316K	220K	475K	945K	963K	914.9K
Total Current Assets	5.7M	7.6M	7.4M	6.7M	6.4M	6.1M
Short Term Debt	103K	108K	99K	100K	114K	108.3K
Net Receivables	122K	130K	157K	158K	176K	194.2K
Inventory	157.7K	161.7K	164.7K	107.7K	168.7K	100.5K
Accumulated Other Comprehensive Income	22.0M	21.7M	21.1M	24.5M	22.9M	24.1M
Common Stock Total Equity	139.7M	173.0M	173.1M	176.2M	202.7M	169.7M
Common Stock	173.1M	176.2M	179.5M	182.7M	186.8M	176.5M
Short Long Term Debt Total	9.3M	9.8M	10.4M	11.7M	12.8M	7.6M
Other Liab	38.5M	43.7M	48.2M	52.4M	60.3M	42.6M
Net Tangible Assets	(39.7M)	(47.0M)	(50.2M)	(55.1M)	(49.6M)	(47.1M)
Long Term Debt	9.0M	9.6M	10.3M	11.1M	12.3M	9.5M
Property Plant Equipment	316K	220K	128K	523K	470.7K	447.2K
Long Term Investments	114K	177K	239K	295K	360K	223.7K
Long Term Debt Total	9.0M	9.6M	10.3M	11.1M	12.8M	10.0M
Capital Surpluse	22.4M	23.2M	22.7M	22.5M	25.9M	24.5M
Cash And Equivalents	5.4M	7.3M	7.1M	6.4M	5.8M	6.0M

Pair Trading with Entree Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Entree Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Entree Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Entree Stock

0.65	AG	First Majestic Silver	Pair Corr
0.76	IE	Ivanhoe Energy	Pair Corr
0.85	FDY	Faraday Copper Corp	Pair Corr

Moving against Entree Stock

0.48

INFM

Infinico Metals Corp

Pair Corr

The ability to find closely correlated positions to Entree Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entree Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Entree Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Entree Resources to buy it.

The correlation of Entree Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Entree Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entree Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Entree Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Entree Stock

Balance Sheet is a snapshot of the financial position of Entree Resources at a specified time, usually calculated after every quarter, six months, or one year. Entree Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Entree Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Entree currently owns. An asset can also be divided into two categories, current and non-current.

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Entree Net Debt vs Cash And Short Term Investments Analysis

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Cash And Short Term Investments

Entree Resources fundamental ratios Correlations

Entree Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Entree Resources fundamental ratios Accounts

Pair Trading with Entree Resources

Moving together with Entree Stock

Moving against Entree Stock

Other Information on Investing in Entree Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Liab	+ 1.0	Non Current Liabilities Total

Total Current Assets	- 0.97	Net Debt
Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Total Liab	- 0.9	Retained Earnings
Non Current Liabilities Total	- 0.9	Retained Earnings
Common Stock Shares Outstanding	- 0.87	Retained Earnings