Opus Total Current Liabilities vs Net Working Capital Analysis

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

Total Current Liabilities vs Net Working Capital

Total Current Liabilities vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Opus One Resources Total Current Liabilities account and Net Working Capital. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Opus One's Total Current Liabilities and Net Working Capital is -0.51. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Opus One Resources, assuming nothing else is changed. The correlation between historical values of Opus One's Total Current Liabilities and Net Working Capital 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 Current Liabilities of Opus One Resources are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Current Liabilities i.e., Opus One's Total Current Liabilities and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.51

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Opus One balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Opus One Resources 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.

Net Working Capital

Most indicators from Opus One's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Opus One 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opus One 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 climb to about 416.2 K in 2024. Issuance Of Capital Stock is likely to climb to about 605.3 K in 2024

Opus One fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Other Current Assets	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross	Net Debt	Short Long Term Debt
Total Assets		0.81	0.32	0.96	0.95	-0.14	0.03	0.6	0.0	0.33	0.33	0.55	0.32	0.47	-0.02	0.68	0.38	0.14	0.52	0.16	0.14	0.5	0.19	0.23	-0.02	-0.02
Other Current Liab	0.81		0.66	0.65	0.68	-0.44	0.4	0.49	-0.45	0.58	0.67	0.35	0.52	0.51	-0.03	0.65	0.47	0.37	0.25	-0.05	0.33	0.28	-0.02	0.01	-0.03	-0.03
Total Current Liabilities	0.32	0.66		0.03	0.36	-0.84	0.65	0.04	-0.72	0.94	1.0	-0.14	0.91	0.75	-0.27	0.49	0.65	0.9	-0.42	-0.51	0.83	-0.27	-0.64	-0.67	-0.27	-0.27
Total Stockholder Equity	0.96	0.65	0.03		0.89	0.11	-0.17	0.63	0.23	0.06	0.04	0.62	0.05	0.26	0.06	0.56	0.2	-0.14	0.68	0.33	-0.11	0.61	0.4	0.45	0.06	0.06
Net Tangible Assets	0.95	0.68	0.36	0.89		-0.18	-0.1	0.57	0.06	0.4	0.37	0.52	0.41	0.55	-0.1	0.62	0.44	0.28	0.37	0.09	0.28	0.33	0.04	0.05	-0.1	-0.1
Retained Earnings	-0.14	-0.44	-0.84	0.11	-0.18		-0.59	0.37	0.72	-0.86	-0.84	0.53	-0.88	-0.79	0.47	-0.6	-0.74	-0.84	0.62	0.82	-0.81	0.23	0.81	0.79	0.47	0.47
Accounts Payable	0.03	0.4	0.65	-0.17	-0.1	-0.59		-0.18	-0.63	0.55	0.65	-0.31	0.51	0.35	-0.16	0.32	0.34	0.44	-0.2	-0.3	0.42	-0.07	-0.36	-0.35	-0.16	-0.16
Cash	0.6	0.49	0.04	0.63	0.57	0.37	-0.18		0.24	-0.11	0.04	0.97	-0.2	-0.24	0.27	-0.15	-0.28	-0.16	0.65	0.75	-0.2	0.11	0.43	0.42	0.27	0.27
Net Receivables	0.0	-0.45	-0.72	0.23	0.06	0.72	-0.63	0.24		-0.7	-0.72	0.45	-0.65	-0.53	0.23	-0.37	-0.38	-0.64	0.42	0.54	-0.6	0.1	0.46	0.47	0.23	0.23
Other Stockholder Equity	0.33	0.58	0.94	0.06	0.4	-0.86	0.55	-0.11	-0.7		0.95	-0.27	0.94	0.87	-0.26	0.63	0.66	0.94	-0.4	-0.62	0.87	-0.08	-0.64	-0.68	-0.26	-0.26
Total Liab	0.33	0.67	1.0	0.04	0.37	-0.84	0.65	0.04	-0.72	0.95		-0.14	0.91	0.76	-0.27	0.51	0.65	0.9	-0.41	-0.51	0.83	-0.25	-0.64	-0.67	-0.27	-0.27
Total Current Assets	0.55	0.35	-0.14	0.62	0.52	0.53	-0.31	0.97	0.45	-0.27	-0.14		-0.35	-0.35	0.35	-0.22	-0.36	-0.32	0.71	0.83	-0.35	0.16	0.54	0.53	0.35	0.35
Common Stock	0.32	0.52	0.91	0.05	0.41	-0.88	0.51	-0.2	-0.65	0.94	0.91	-0.35		0.91	-0.43	0.66	0.83	0.91	-0.53	-0.71	0.9	-0.21	-0.7	-0.73	-0.43	-0.43
Property Plant Equipment	0.47	0.51	0.75	0.26	0.55	-0.79	0.35	-0.24	-0.53	0.87	0.76	-0.35	0.91		-0.24	0.84	0.84	0.77	-0.35	-0.69	0.73	0.11	-0.5	-0.52	-0.24	-0.24
Other Current Assets	-0.02	-0.03	-0.27	0.06	-0.1	0.47	-0.16	0.27	0.23	-0.26	-0.27	0.35	-0.43	-0.24		-0.2	-0.35	-0.41	0.42	0.47	-0.63	0.39	0.71	0.62	1.0	1.0
Non Current Assets Total	0.68	0.65	0.49	0.56	0.62	-0.6	0.32	-0.15	-0.37	0.63	0.51	-0.22	0.66	0.84	-0.2		0.75	0.41	0.04	-0.5	0.42	0.51	-0.16	-0.13	-0.2	-0.2
Non Currrent Assets Other	0.38	0.47	0.65	0.2	0.44	-0.74	0.34	-0.28	-0.38	0.66	0.65	-0.36	0.83	0.84	-0.35	0.75		0.57	-0.44	-0.67	0.59	-0.13	-0.48	-0.48	-0.35	-0.35
Common Stock Shares Outstanding	0.14	0.37	0.9	-0.14	0.28	-0.84	0.44	-0.16	-0.64	0.94	0.9	-0.32	0.91	0.77	-0.41	0.41	0.57		-0.58	-0.65	0.95	-0.34	-0.81	-0.86	-0.41	-0.41
Net Invested Capital	0.52	0.25	-0.42	0.68	0.37	0.62	-0.2	0.65	0.42	-0.4	-0.41	0.71	-0.53	-0.35	0.42	0.04	-0.44	-0.58		0.81	-0.59	0.7	0.81	0.84	0.42	0.42
Net Working Capital	0.16	-0.05	-0.51	0.33	0.09	0.82	-0.3	0.75	0.54	-0.62	-0.51	0.83	-0.71	-0.69	0.47	-0.5	-0.67	-0.65	0.81		-0.66	0.22	0.76	0.75	0.47	0.47
Capital Stock	0.14	0.33	0.83	-0.11	0.28	-0.81	0.42	-0.2	-0.6	0.87	0.83	-0.35	0.9	0.73	-0.63	0.42	0.59	0.95	-0.59	-0.66		-0.38	-0.85	-0.87	-0.63	-0.63
Property Plant And Equipment Net	0.5	0.28	-0.27	0.61	0.33	0.23	-0.07	0.11	0.1	-0.08	-0.25	0.16	-0.21	0.11	0.39	0.51	-0.13	-0.34	0.7	0.22	-0.38		0.61	0.65	0.39	0.39
Capital Lease Obligations	0.19	-0.02	-0.64	0.4	0.04	0.81	-0.36	0.43	0.46	-0.64	-0.64	0.54	-0.7	-0.5	0.71	-0.16	-0.48	-0.81	0.81	0.76	-0.85	0.61		0.99	0.71	0.71
Property Plant And Equipment Gross	0.23	0.01	-0.67	0.45	0.05	0.79	-0.35	0.42	0.47	-0.68	-0.67	0.53	-0.73	-0.52	0.62	-0.13	-0.48	-0.86	0.84	0.75	-0.87	0.65	0.99		0.62	0.62
Net Debt	-0.02	-0.03	-0.27	0.06	-0.1	0.47	-0.16	0.27	0.23	-0.26	-0.27	0.35	-0.43	-0.24	1.0	-0.2	-0.35	-0.41	0.42	0.47	-0.63	0.39	0.71	0.62		1.0
Short Long Term Debt	-0.02	-0.03	-0.27	0.06	-0.1	0.47	-0.16	0.27	0.23	-0.26	-0.27	0.35	-0.43	-0.24	1.0	-0.2	-0.35	-0.41	0.42	0.47	-0.63	0.39	0.71	0.62	1.0

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Opus One Account Relationship Matchups

Opus One fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.5M	4.0M	2.8M	1.8M	2.1M	3.0M
Other Current Liab	604.8K	262.5K	327.1K	84.2K	96.9K	191.7K
Total Current Liabilities	744.6K	359.4K	620.4K	626.3K	720.3K	367.0K
Total Stockholder Equity	3.8M	3.7M	2.2M	1.2M	1.4M	2.6M
Net Tangible Assets	1.8M	3.8M	3.7M	2.2M	2.5M	2.7M
Retained Earnings	(16.6M)	(16.8M)	(18.5M)	(20.0M)	(18.0M)	(18.9M)
Accounts Payable	117.8K	48.3K	182.3K	85.7K	98.5K	91.3K
Cash	2.2M	437.0K	33.5K	164.6K	148.1K	140.7K
Net Receivables	95.5K	122.7K	192.4K	146.6K	132.0K	205.8K
Total Liab	744.6K	381.7K	620.4K	626.3K	720.3K	369.4K
Total Current Assets	2.3M	634.7K	185.8K	254.8K	229.3K	217.8K
Common Stock	17.2M	19.2M	19.3M	19.5M	22.4M	18.8M
Property Plant Equipment	1.9M	2.3M	3.4M	2.6M	3.0M	2.2M
Non Current Assets Total	2.3M	3.4M	2.6M	1.6M	1.8M	2.4M
Common Stock Shares Outstanding	117.1M	118.9M	122.6M	157.7M	181.3M	111.2M
Net Invested Capital	3.8M	3.7M	2.2M	1.2M	1.1M	2.1M
Net Working Capital	1.5M	275.3K	(434.6K)	(371.5K)	(334.4K)	(317.7K)
Capital Stock	19.2M	19.3M	19.5M	20.0M	23.0M	20.6M

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