Freegold Retained Earnings vs Net Debt Analysis

Stocks . Canada . 
Stock . Freegold Ventures Limited
FVL Stock  CAD 0.81  0.01  1.22%   
Freegold Ventures financial indicator trend analysis is much more than just examining Freegold Ventures latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Freegold Ventures is a good investment. Please check the relationship between Freegold Ventures Retained Earnings and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freegold Ventures Limited. 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.

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Freegold Ventures Retained Earnings account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Freegold Ventures' Retained Earnings and Net Debt is 0.15. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Debt in the same time period over historical financial statements of Freegold Ventures Limited, assuming nothing else is changed. The correlation between historical values of Freegold Ventures' Retained Earnings 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 Retained Earnings of Freegold Ventures Limited 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 Retained Earnings i.e., Freegold Ventures' Retained Earnings and Net Debt go up and down completely randomly.

Correlation Coefficient

0.15
Relationship DirectionPositive 
Relationship StrengthInsignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 Freegold Ventures' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Freegold Ventures 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 Freegold Ventures Limited. 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 30th of November 2024, Enterprise Value is likely to grow to about 160 M, while Selling General Administrative is likely to drop about 247.2 K.
 2023 2024 (projected)
Non Recurring8.8M6.5M
Cost Of Revenue81.5K76.3K

Freegold Ventures fundamental ratios Correlations

Total Assets
Total Current Liabilities
Total Stockholder Equity
Property Plant And Equipment Net
Net Debt
Retained Earnings
Accounts Payable
Cash
Non Current Assets Total
Cash And Short Term Investments
Common Stock Shares Outstanding
Other Current Assets
Other Stockholder Equity
Total Liab
Property Plant And Equipment Gross
Total Current Assets
Other Current Liab
Current Deferred Revenue
Short Term Investments
Short Term Debt
Net Receivables
Inventory
Non Current Liabilities Total
Short Long Term Debt Total
Net Tangible Assets
Long Term Investments
Total Assets
-0.391.00.95-0.35-0.71-0.260.370.950.370.960.26-0.03-0.350.950.37-0.20.6-0.22-0.1-0.30.51-0.04-0.380.99-0.65
Total Current Liabilities
-0.39-0.39-0.41-0.010.130.610.0-0.410.0-0.380.05-0.060.73-0.420.00.470.08-0.540.220.29-0.01-0.140.16-0.370.49
Total Stockholder Equity
1.0-0.390.95-0.35-0.71-0.270.370.950.370.960.26-0.03-0.360.950.37-0.20.59-0.21-0.1-0.30.51-0.05-0.390.99-0.65
Property Plant And Equipment Net
0.95-0.410.95-0.05-0.71-0.30.061.00.070.940.03-0.15-0.321.00.07-0.160.62-0.19-0.07-0.360.260.05-0.280.94-0.73
Net Debt
-0.35-0.01-0.35-0.050.15-0.06-1.0-0.05-1.0-0.23-0.75-0.360.18-0.05-1.00.14-0.060.110.12-0.12-0.860.290.41-0.38-0.11
Retained Earnings
-0.710.13-0.71-0.710.150.49-0.16-0.71-0.16-0.74-0.01-0.02-0.01-0.71-0.16-0.29-0.830.35-0.080.46-0.42-0.16-0.17-0.750.29
Accounts Payable
-0.260.61-0.27-0.3-0.060.490.05-0.30.05-0.410.250.080.45-0.30.05-0.25-0.11-0.52-0.070.41-0.07-0.06-0.21-0.260.28
Cash
0.370.00.370.06-1.0-0.160.050.061.00.250.740.35-0.180.061.0-0.140.07-0.11-0.120.110.86-0.27-0.40.390.09
Non Current Assets Total
0.95-0.410.951.0-0.05-0.71-0.30.060.070.940.03-0.15-0.321.00.07-0.160.62-0.19-0.07-0.360.260.05-0.280.94-0.73
Cash And Short Term Investments
0.370.00.370.07-1.0-0.160.051.00.070.250.740.35-0.180.071.0-0.140.07-0.11-0.120.110.86-0.27-0.40.390.08
Common Stock Shares Outstanding
0.96-0.380.960.94-0.23-0.74-0.410.250.940.250.09-0.12-0.410.940.25-0.080.51-0.070.02-0.30.44-0.14-0.310.94-0.63
Other Current Assets
0.260.050.260.03-0.75-0.010.250.740.030.740.090.10.070.030.75-0.140.17-0.36-0.240.050.750.02-0.420.30.06
Other Stockholder Equity
-0.03-0.06-0.03-0.15-0.36-0.020.080.35-0.150.35-0.120.1-0.07-0.150.35-0.11-0.020.15-0.16-0.20.3-0.05-0.04-0.010.19
Total Liab
-0.350.73-0.36-0.320.18-0.010.45-0.18-0.32-0.18-0.410.07-0.07-0.32-0.170.50.37-0.69-0.07-0.26-0.120.580.47-0.30.42
Property Plant And Equipment Gross
0.95-0.420.951.0-0.05-0.71-0.30.061.00.070.940.03-0.15-0.320.07-0.160.62-0.19-0.07-0.360.260.05-0.280.94-0.73
Total Current Assets
0.370.00.370.07-1.0-0.160.051.00.071.00.250.750.35-0.170.07-0.150.08-0.12-0.120.110.86-0.27-0.40.390.08
Other Current Liab
-0.20.47-0.2-0.160.14-0.29-0.25-0.14-0.16-0.14-0.08-0.14-0.110.5-0.16-0.150.25-0.15-0.23-0.32-0.020.170.34-0.170.25
Current Deferred Revenue
0.60.080.590.62-0.06-0.83-0.110.070.620.070.510.17-0.020.370.620.080.25-0.72-0.04-0.440.280.440.220.66-0.32
Short Term Investments
-0.22-0.54-0.21-0.190.110.35-0.52-0.11-0.19-0.11-0.07-0.360.15-0.69-0.19-0.12-0.15-0.720.060.04-0.21-0.35-0.1-0.28-0.07
Short Term Debt
-0.10.22-0.1-0.070.12-0.08-0.07-0.12-0.07-0.120.02-0.24-0.16-0.07-0.07-0.12-0.23-0.040.060.38-0.06-0.360.24-0.110.08
Net Receivables
-0.30.29-0.3-0.36-0.120.460.410.11-0.360.11-0.30.05-0.2-0.26-0.360.11-0.32-0.440.040.38-0.05-0.72-0.18-0.330.14
Inventory
0.51-0.010.510.26-0.86-0.42-0.070.860.260.860.440.750.3-0.120.260.86-0.020.28-0.21-0.06-0.05-0.19-0.270.540.09
Non Current Liabilities Total
-0.04-0.14-0.050.050.29-0.16-0.06-0.270.05-0.27-0.140.02-0.050.580.05-0.270.170.44-0.35-0.36-0.72-0.190.480.01-0.03
Short Long Term Debt Total
-0.380.16-0.39-0.280.41-0.17-0.21-0.4-0.28-0.4-0.31-0.42-0.040.47-0.28-0.40.340.22-0.10.24-0.18-0.270.48-0.350.28
Net Tangible Assets
0.99-0.370.990.94-0.38-0.75-0.260.390.940.390.940.3-0.01-0.30.940.39-0.170.66-0.28-0.11-0.330.540.01-0.35-0.61
Long Term Investments
-0.650.49-0.65-0.73-0.110.290.280.09-0.730.08-0.630.060.190.42-0.730.080.25-0.32-0.070.080.140.09-0.030.28-0.61
Click cells to compare fundamentals

Freegold Ventures Account Relationship Matchups

High Positive Relationship

Total Stockholder Equity
+ 1.0
Total Assets
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
Total Current Assets
+ 1.0
Cash
Property Plant And Equipment Gross
+ 1.0
Non Current Assets Total

High Negative Relationship

Total Current Assets
- 1.0
Net Debt
Cash And Short Term Investments
- 1.0
Net Debt
Cash
- 1.0
Net Debt
Inventory
- 0.86
Net Debt
Current Deferred Revenue
- 0.83
Retained Earnings
Net Tangible Assets
- 0.75
Retained Earnings

Freegold Ventures fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets39.6M74.0M74.4M77.4M90.4M94.9M
Total Current Liabilities1.1M542.3K542.2K469.3K221.1K210.1K
Total Stockholder Equity38.2M73.2M73.5M76.5M89.7M94.2M
Property Plant And Equipment Net38.3M43.9M60.2M76.6M88.2M92.6M
Net Debt(1.1M)(29.6M)(13.7M)(565.1K)(1.9M)(2.0M)
Retained Earnings(65.8M)(67.1M)(69.3M)(70.1M)(73.2M)(69.6M)
Accounts Payable181.2K207.7K306.7K376.6K134.5K127.8K
Cash1.2M29.7M13.8M693.2K2.0M3.2M
Non Current Assets Total38.3M43.9M60.2M76.6M88.2M92.6M
Cash And Short Term Investments1.2M29.7M13.8M693.2K2.0M3.3M
Common Stock Shares Outstanding199.0M265.0M335.4M351.8M393.6M413.3M
Liabilities And Stockholders Equity39.6M74.0M74.4M77.4M90.4M94.9M
Other Current Assets115.3K407.6K389.5K113.55190.3K117.7K
Total Liab1.4M792.3K928.7K926.9K658.0K625.1K
Property Plant And Equipment Gross38.3M43.9M60.3M76.8M88.3M92.7M
Total Current Assets1.3M30.1M14.2M806.8K2.2M3.4M
Accumulated Other Comprehensive Income17.3M32.8M34.2M31.1M37.1M38.9M
Other Current Liab856.9K138.7K205.1K64.2K57.5K54.6K
Short Term Debt50.9K37.5K30.4K28.5K29.2K27.7K
Net Receivables21.8K41.3K22.7K19.7K17.8K27.8K
Non Current Liabilities Total275.7K250K386.6K457.6K436.9K520.2K
Short Long Term Debt Total86.9K37.5K167.0K128.1K99.9K94.9K
Net Tangible Assets37.1M38.2M73.2M73.5M84.5M88.7M
Common Stock86.7M107.5M108.6M115.5M125.8M88.3M
Property Plant Equipment38.3M43.9M60.2M76.6M88.1M92.5M
Other Liab220.7K230.0K239.8K250K225K416.4K
Cash And Equivalents1.2M29.6M13.8M653.4K751.4K713.8K
Net Invested Capital38.2M73.2M73.5M76.5M87.9M61.5M
Net Working Capital194.5K29.5M13.7M337.5K388.2K368.8K
Capital Stock86.7M107.5M108.6M115.5M132.8M110.9M

Pair Trading with Freegold Ventures

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 Freegold Ventures 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 Freegold Ventures will appreciate offsetting losses from the drop in the long position's value.

Moving together with Freegold Stock

  0.74ORE Orezone Gold CorpPairCorr

Moving against Freegold Stock

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  0.57BOFA Bank of AmericaPairCorr
  0.53BRK Berkshire Hathaway CDRPairCorr
  0.41WMT Walmart Inc CDRPairCorr
  0.32AMZN Amazon CDRPairCorr
The ability to find closely correlated positions to Freegold Ventures could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freegold Ventures 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 Freegold Ventures - 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 Freegold Ventures Limited to buy it.
The correlation of Freegold Ventures 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 Freegold Ventures moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freegold Ventures 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 Freegold Ventures 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 CorrelationCorrelation Matching

Other Information on Investing in Freegold Stock

Balance Sheet is a snapshot of the financial position of Freegold Ventures at a specified time, usually calculated after every quarter, six months, or one year. Freegold Ventures Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Freegold Ventures 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 Freegold currently owns. An asset can also be divided into two categories, current and non-current.
Profit & Loss
Statement
Details
Cash Flow
Statement
Details
Financial
Indicators
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Valuation
Indicators
Details
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