| OCG Stock | | | CAD 0.22 0.01 4.76% |
Outcrop Gold financial indicator trend analysis is much more than just breaking down Outcrop Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Outcrop Gold Corp is a good investment. Please check the relationship between Outcrop Gold Total Assets and its Accounts Payable accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Outcrop Gold Corp. 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.
Total Assets vs Accounts Payable
Total Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Outcrop Gold Corp Total Assets account and
Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Outcrop Gold's Total Assets and Accounts Payable is 0.69. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Outcrop Gold Corp, assuming nothing else is changed. The correlation between historical values of Outcrop Gold's Total Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Outcrop Gold Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Assets i.e., Outcrop Gold's Total Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.69 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Outcrop Gold assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Outcrop Gold Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Accounts Payable
An accounting item on the balance sheet that represents Outcrop Gold obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Outcrop Gold Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Outcrop Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Outcrop Gold Corp 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Outcrop Gold Corp. 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.
Enterprise Value is likely to climb to about 28.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.2
M in 2024.
Outcrop Gold fundamental ratios Correlations
Click cells to compare fundamentals
Outcrop Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Outcrop Gold fundamental ratios Accounts
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Additional Tools for Outcrop Stock Analysis
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measure Outcrop Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Outcrop Gold is operating at the current time. Most of Outcrop Gold's value examination focuses on studying past and present price action to
predict the probability of Outcrop Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Outcrop Gold's price. Additionally, you may evaluate how the addition of Outcrop Gold to your portfolios can decrease your overall portfolio volatility.