Oceanic Net Debt vs Total Current Liabilities Analysis

FEO Stock

CAD 0.14 0.01 6.67%

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

Net Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oceanic Iron Ore Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Oceanic Iron's Net Debt and Total Current Liabilities is -0.27. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Oceanic Iron Ore, assuming nothing else is changed. The correlation between historical values of Oceanic Iron's Net Debt and Total Current Liabilities 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 Oceanic Iron Ore are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Debt i.e., Oceanic Iron's Net Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

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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 Liabilities

Total Current Liabilities is an item on Oceanic Iron balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Oceanic Iron Ore are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Oceanic Iron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oceanic Iron Ore 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 Oceanic Iron Ore. 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 climb to about 1 M in 2024

Oceanic Iron fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Other Current Assets	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Short Term Investments	Other Liab	Other Stockholder Equity	Non Current Assets Total	Common Stock Shares Outstanding	Non Current Liabilities Total	Net Debt	Net Invested Capital
Total Assets		0.37	0.03	0.55	0.52	-0.45	0.03	-0.11	0.3	-0.06	-0.06	0.45	-0.05	-0.42	-0.09	-0.05	0.45	0.31	-0.82	-0.32	0.63	0.92	0.64	0.52	0.54	0.93
Other Current Liab	0.37		-0.59	-0.01	0.26	-0.75	-0.34	-0.47	0.83	-0.48	-0.41	0.4	-0.41	-0.64	-0.49	-0.59	0.75	0.64	-0.26	-0.62	0.8	0.53	0.83	0.88	0.73	0.35
Total Current Liabilities	0.03	-0.59		-0.27	-0.3	0.67	0.64	0.71	-0.54	0.8	0.72	0.32	0.75	0.64	0.78	0.67	-0.62	-0.69	0.17	0.67	-0.56	-0.32	-0.48	-0.42	-0.27	-0.22
Total Stockholder Equity	0.55	-0.01	-0.27		0.75	-0.34	-0.38	-0.36	-0.22	-0.34	-0.34	-0.5	-0.35	-0.41	-0.36	-0.13	0.39	0.39	-0.68	-0.5	0.38	0.61	0.27	-0.06	-0.13	0.7
Net Tangible Assets	0.52	0.26	-0.3	0.75		-0.41	-0.32	-0.36	0.02	-0.34	-0.33	-0.26	-0.34	-0.55	-0.36	-0.21	0.68	0.62	-0.74	-0.5	0.48	0.59	0.46	0.16	0.07	0.6
Retained Earnings	-0.45	-0.75	0.67	-0.34	-0.41		0.71	0.84	-0.72	0.84	0.78	-0.1	0.79	0.65	0.87	0.53	-0.91	-0.9	0.42	0.84	-0.86	-0.72	-0.86	-0.82	-0.76	-0.59
Accounts Payable	0.03	-0.34	0.64	-0.38	-0.32	0.71		0.94	-0.34	0.86	0.95	0.44	0.94	0.27	0.93	0.26	-0.64	-0.8	0.11	0.78	-0.41	-0.26	-0.37	-0.31	-0.22	-0.2
Cash	-0.11	-0.47	0.71	-0.36	-0.36	0.84	0.94		-0.49	0.88	0.97	0.27	0.96	0.39	0.98	0.32	-0.77	-0.9	0.23	0.75	-0.57	-0.42	-0.55	-0.51	-0.44	-0.34
Long Term Debt	0.3	0.83	-0.54	-0.22	0.02	-0.72	-0.34	-0.49		-0.54	-0.5	0.56	-0.5	-0.42	-0.53	-0.38	0.62	0.61	-0.18	-0.49	0.66	0.48	0.73	0.89	0.85	0.31
Net Receivables	-0.06	-0.48	0.8	-0.34	-0.34	0.84	0.86	0.88	-0.54		0.9	0.31	0.94	0.48	0.96	0.46	-0.74	-0.87	0.2	0.82	-0.56	-0.4	-0.54	-0.47	-0.39	-0.32
Other Current Assets	-0.06	-0.41	0.72	-0.34	-0.33	0.78	0.95	0.97	-0.5	0.9		0.3	0.99	0.28	0.97	0.22	-0.7	-0.87	0.18	0.71	-0.51	-0.36	-0.49	-0.43	-0.36	-0.29
Total Liab	0.45	0.4	0.32	-0.5	-0.26	-0.1	0.44	0.27	0.56	0.31	0.3		0.33	0.0	0.29	0.09	0.05	-0.09	-0.12	0.2	0.25	0.31	0.38	0.61	0.7	0.22
Deferred Long Term Liab	-0.05	-0.41	0.75	-0.35	-0.34	0.79	0.94	0.96	-0.5	0.94	0.99	0.33		0.32	0.98	0.26	-0.7	-0.88	0.2	0.74	-0.5	-0.37	-0.48	-0.42	-0.35	-0.3
Short Long Term Debt	-0.42	-0.64	0.64	-0.41	-0.55	0.65	0.27	0.39	-0.42	0.48	0.28	0.0	0.32		0.44	0.89	-0.69	-0.56	0.55	0.72	-0.64	-0.64	-0.63	-0.53	-0.46	-0.57
Total Current Assets	-0.09	-0.49	0.78	-0.36	-0.36	0.87	0.93	0.98	-0.53	0.96	0.97	0.29	0.98	0.44		0.39	-0.78	-0.91	0.22	0.81	-0.59	-0.43	-0.57	-0.51	-0.43	-0.34
Short Term Debt	-0.05	-0.59	0.67	-0.13	-0.21	0.53	0.26	0.32	-0.38	0.46	0.22	0.09	0.26	0.89	0.39		-0.5	-0.4	0.1	0.64	-0.49	-0.29	-0.48	-0.42	-0.34	-0.21
Common Stock	0.45	0.75	-0.62	0.39	0.68	-0.91	-0.64	-0.77	0.62	-0.74	-0.7	0.05	-0.7	-0.69	-0.78	-0.5		0.95	-0.5	-0.8	0.85	0.68	0.86	0.74	0.64	0.55
Property Plant Equipment	0.31	0.64	-0.69	0.39	0.62	-0.9	-0.8	-0.9	0.61	-0.87	-0.87	-0.09	-0.88	-0.56	-0.91	-0.4	0.95		-0.42	-0.81	0.73	0.59	0.75	0.65	0.56	0.48
Short Term Investments	-0.82	-0.26	0.17	-0.68	-0.74	0.42	0.11	0.23	-0.18	0.2	0.18	-0.12	0.2	0.55	0.22	0.1	-0.5	-0.42		0.4	-0.46	-0.85	-0.42	-0.33	-0.35	-0.88
Other Liab	-0.32	-0.62	0.67	-0.5	-0.5	0.84	0.78	0.75	-0.49	0.82	0.71	0.2	0.74	0.72	0.81	0.64	-0.8	-0.81	0.4		-0.66	-0.58	-0.65	-0.53	-0.44	-0.5
Other Stockholder Equity	0.63	0.8	-0.56	0.38	0.48	-0.86	-0.41	-0.57	0.66	-0.56	-0.51	0.25	-0.5	-0.64	-0.59	-0.49	0.85	0.73	-0.46	-0.66		0.77	0.95	0.83	0.7	0.64
Non Current Assets Total	0.92	0.53	-0.32	0.61	0.59	-0.72	-0.26	-0.42	0.48	-0.4	-0.36	0.31	-0.37	-0.64	-0.43	-0.29	0.68	0.59	-0.85	-0.58	0.77		0.77	0.66	0.66	0.97
Common Stock Shares Outstanding	0.64	0.83	-0.48	0.27	0.46	-0.86	-0.37	-0.55	0.73	-0.54	-0.49	0.38	-0.48	-0.63	-0.57	-0.48	0.86	0.75	-0.42	-0.65	0.95	0.77		0.87	0.78	0.64
Non Current Liabilities Total	0.52	0.88	-0.42	-0.06	0.16	-0.82	-0.31	-0.51	0.89	-0.47	-0.43	0.61	-0.42	-0.53	-0.51	-0.42	0.74	0.65	-0.33	-0.53	0.83	0.66	0.87		0.96	0.49
Net Debt	0.54	0.73	-0.27	-0.13	0.07	-0.76	-0.22	-0.44	0.85	-0.39	-0.36	0.7	-0.35	-0.46	-0.43	-0.34	0.64	0.56	-0.35	-0.44	0.7	0.66	0.78	0.96		0.52
Net Invested Capital	0.93	0.35	-0.22	0.7	0.6	-0.59	-0.2	-0.34	0.31	-0.32	-0.29	0.22	-0.3	-0.57	-0.34	-0.21	0.55	0.48	-0.88	-0.5	0.64	0.97	0.64	0.49	0.52

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Oceanic Iron Account Relationship Matchups

Oceanic Iron fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	43.8M	43.7M	44.2M	44.9M	44.7M	47.8M
Other Current Liab	374.5K	454.1K	214.0K	366.7K	421.7K	305.1K
Total Current Liabilities	929.9K	1.2M	1.9M	1.8M	1.1M	1.4M
Total Stockholder Equity	40.5M	36.5M	40.0M	39.2M	39.8M	43.3M
Net Tangible Assets	40.5M	36.5M	40.0M	39.2M	45.1M	43.2M
Retained Earnings	(31.4M)	(36.0M)	(32.9M)	(33.9M)	(33.9M)	(35.6M)
Accounts Payable	279.6K	348.5K	295.6K	346.7K	343.3K	317.9K
Cash	422.8K	46.6K	293.2K	662.8K	269.5K	256.0K
Long Term Debt	1.9M	5.5M	1.9M	3.4M	3.4M	2.3M
Net Receivables	20.7K	2.8K	3.8K	5.9K	6.3K	6.0K
Total Liab	3.2M	7.2M	4.2M	5.6M	4.9M	4.5M
Total Current Assets	449.4K	59.2K	310.5K	675.7K	289.4K	274.9K
Common Stock	61.1M	61.3M	61.6M	61.9M	71.2M	63.2M
Property Plant Equipment	43.3M	43.6M	43.9M	44.2M	50.8M	44.9M
Other Liab	427.4K	425.5K	423.2K	423.2K	380.9K	348.0K

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