Aura Net Debt vs Common Stock Total Equity Analysis

ORA Stock

CAD 17.80 0.31 1.77%

Aura Minerals financial indicator trend analysis is way more than just evaluating Aura Minerals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aura Minerals is a good investment. Please check the relationship between Aura Minerals Net Debt and its Common Stock Total Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Aura Minerals. 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 Common Stock Total Equity

Net Debt vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aura Minerals Net Debt account and Common Stock Total Equity. At this time, the significance of the direction appears to have very week relationship.

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

Correlation Coefficient

0.27

Relationship Direction	Positive
Relationship Strength	Very Weak

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.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

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

At this time, Aura Minerals' Discontinued Operations is very stable compared to the past year. As of the 23rd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.10, while Selling General Administrative is likely to drop about 15 M.

Aura Minerals fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Common Stock Total Equity	Common Stock	Total Assets	Net Debt	Cash	Cash And Short Term Investments	Other Current Assets	Total Current Assets	Property Plant And Equipment Net	Non Current Assets Total	Net Receivables	Property Plant And Equipment Gross	Short Term Investments	Non Current Liabilities Total	Inventory	Short Term Debt	Non Currrent Assets Other	Other Assets
Other Current Liab		0.54	0.68	-0.42	0.59	0.64	0.28	0.42	0.8	0.78	0.53	0.02	0.48	0.48	0.33	0.55	0.5	0.5	0.46	0.46	-0.78	0.35	0.53	0.15	0.28	0.56
Total Current Liabilities	0.54		0.48	-0.25	0.94	0.83	-0.23	0.95	0.61	0.6	0.91	0.73	0.93	0.94	0.37	0.95	0.82	0.85	0.95	0.91	-0.72	0.9	0.23	0.84	0.8	0.89
Total Stockholder Equity	0.68	0.48		0.1	0.62	0.52	0.41	0.47	0.59	0.57	0.7	0.2	0.48	0.48	0.44	0.58	0.76	0.76	0.49	0.59	-0.61	0.45	0.66	0.24	0.32	0.6
Retained Earnings	-0.42	-0.25	0.1		-0.25	-0.49	0.2	-0.09	-0.73	-0.74	-0.02	-0.05	0.0	-0.01	-0.17	-0.07	0.03	0.02	-0.09	0.02	0.66	0.0	-0.25	0.15	-0.3	-0.06
Accounts Payable	0.59	0.94	0.62	-0.25		0.89	-0.03	0.94	0.69	0.69	0.95	0.69	0.9	0.9	0.38	0.94	0.91	0.92	0.95	0.91	-0.79	0.9	0.3	0.7	0.81	0.87
Common Stock Shares Outstanding	0.64	0.83	0.52	-0.49	0.89		-0.15	0.73	0.78	0.79	0.75	0.43	0.73	0.74	0.49	0.77	0.68	0.7	0.77	0.7	-0.87	0.67	0.21	0.48	0.64	0.77
Other Stockholder Equity	0.28	-0.23	0.41	0.2	-0.03	-0.15		-0.12	0.1	0.1	0.07	-0.16	-0.12	-0.12	0.02	-0.05	0.19	0.15	-0.07	0.0	-0.06	-0.07	0.37	-0.3	-0.24	-0.09
Total Liab	0.42	0.95	0.47	-0.09	0.94	0.73	-0.12		0.49	0.48	0.95	0.83	0.96	0.96	0.31	0.97	0.89	0.9	0.98	0.97	-0.6	0.99	0.19	0.87	0.87	0.85
Common Stock Total Equity	0.8	0.61	0.59	-0.73	0.69	0.78	0.1	0.49		0.99	0.57	0.27	0.42	0.42	0.44	0.54	0.56	0.57	0.5	0.47	-0.96	0.42	0.63	0.14	0.56	0.52
Common Stock	0.78	0.6	0.57	-0.74	0.69	0.79	0.1	0.48	0.99		0.56	0.26	0.41	0.41	0.44	0.53	0.56	0.56	0.49	0.46	-0.97	0.4	0.64	0.12	0.55	0.52
Total Assets	0.53	0.91	0.7	-0.02	0.95	0.75	0.07	0.95	0.57	0.56		0.72	0.92	0.93	0.38	0.97	0.98	0.99	0.95	0.97	-0.67	0.94	0.39	0.76	0.8	0.88
Net Debt	0.02	0.73	0.2	-0.05	0.69	0.43	-0.16	0.83	0.27	0.26	0.72		0.68	0.68	0.2	0.69	0.69	0.71	0.78	0.8	-0.33	0.85	0.06	0.81	0.78	0.52
Cash	0.48	0.93	0.48	0.0	0.9	0.73	-0.12	0.96	0.42	0.41	0.92	0.68		1.0	0.3	0.98	0.84	0.85	0.96	0.94	-0.54	0.95	0.12	0.86	0.77	0.89
Cash And Short Term Investments	0.48	0.94	0.48	-0.01	0.9	0.74	-0.12	0.96	0.42	0.41	0.93	0.68	1.0		0.3	0.98	0.84	0.85	0.96	0.94	-0.54	0.95	0.12	0.86	0.77	0.89
Other Current Assets	0.33	0.37	0.44	-0.17	0.38	0.49	0.02	0.31	0.44	0.44	0.38	0.2	0.3	0.3		0.38	0.31	0.36	0.29	0.32	-0.45	0.27	0.27	0.22	0.31	0.49
Total Current Assets	0.55	0.95	0.58	-0.07	0.94	0.77	-0.05	0.97	0.54	0.53	0.97	0.69	0.98	0.98	0.38		0.9	0.91	0.97	0.96	-0.65	0.95	0.28	0.82	0.81	0.9
Property Plant And Equipment Net	0.5	0.82	0.76	0.03	0.91	0.68	0.19	0.89	0.56	0.56	0.98	0.69	0.84	0.84	0.31	0.9		0.99	0.89	0.92	-0.65	0.89	0.48	0.66	0.77	0.79
Non Current Assets Total	0.5	0.85	0.76	0.02	0.92	0.7	0.15	0.9	0.57	0.56	0.99	0.71	0.85	0.85	0.36	0.91	0.99		0.9	0.94	-0.66	0.9	0.45	0.69	0.76	0.82
Net Receivables	0.46	0.95	0.49	-0.09	0.95	0.77	-0.07	0.98	0.5	0.49	0.95	0.78	0.96	0.96	0.29	0.97	0.89	0.9		0.95	-0.62	0.97	0.14	0.84	0.81	0.85
Property Plant And Equipment Gross	0.46	0.91	0.59	0.02	0.91	0.7	0.0	0.97	0.47	0.46	0.97	0.8	0.94	0.94	0.32	0.96	0.92	0.94	0.95		-0.57	0.97	0.28	0.84	0.79	0.82
Short Term Investments	-0.78	-0.72	-0.61	0.66	-0.79	-0.87	-0.06	-0.6	-0.96	-0.97	-0.67	-0.33	-0.54	-0.54	-0.45	-0.65	-0.65	-0.66	-0.62	-0.57		-0.52	-0.57	-0.26	-0.59	-0.67
Non Current Liabilities Total	0.35	0.9	0.45	0.0	0.9	0.67	-0.07	0.99	0.42	0.4	0.94	0.85	0.95	0.95	0.27	0.95	0.89	0.9	0.97	0.97	-0.52		0.16	0.86	0.87	0.81
Inventory	0.53	0.23	0.66	-0.25	0.3	0.21	0.37	0.19	0.63	0.64	0.39	0.06	0.12	0.12	0.27	0.28	0.48	0.45	0.14	0.28	-0.57	0.16		-0.09	0.33	0.23
Short Term Debt	0.15	0.84	0.24	0.15	0.7	0.48	-0.3	0.87	0.14	0.12	0.76	0.81	0.86	0.86	0.22	0.82	0.66	0.69	0.84	0.84	-0.26	0.86	-0.09		0.62	0.73
Non Currrent Assets Other	0.28	0.8	0.32	-0.3	0.81	0.64	-0.24	0.87	0.56	0.55	0.8	0.78	0.77	0.77	0.31	0.81	0.77	0.76	0.81	0.79	-0.59	0.87	0.33	0.62		0.66
Other Assets	0.56	0.89	0.6	-0.06	0.87	0.77	-0.09	0.85	0.52	0.52	0.88	0.52	0.89	0.89	0.49	0.9	0.79	0.82	0.85	0.82	-0.67	0.81	0.23	0.73	0.66

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Aura Minerals Account Relationship Matchups

Aura Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	26.8M	39.0M	43.0M	28.7M	38.3M	21.3M
Total Current Liabilities	87.4M	120.7M	146.6M	161.1M	197.4M	207.3M
Total Stockholder Equity	195.6M	312.7M	272.3M	310.1M	314.8M	160.4M
Retained Earnings	(434.5M)	(366.0M)	(408.1M)	(361.9M)	(401.5M)	(381.4M)
Accounts Payable	34.6M	38.3M	39.6M	46.9M	57.4M	60.3M
Common Stock Shares Outstanding	65.9M	69.1M	72.5M	72.6M	72.6M	76.2M
Other Stockholder Equity	55.4M	55.9M	55.0M	55.3M	55.5M	52.7M
Total Liab	154.9M	223.5M	320.2M	417.2M	609.0M	639.5M
Common Stock Total Equity	548.2M	569.1M	569.3M	618.1M	710.8M	550.9M
Common Stock	569.3M	618.1M	621.1M	612.0M	655.6M	583.6M
Total Assets	350.5M	536.2M	592.5M	727.3M	923.8M	970.0M
Net Debt	4.1M	(44.4M)	(2.3M)	125.4M	134.9M	141.7M
Cash	38.9M	117.8M	161.5M	127.9M	237.3M	249.2M
Cash And Short Term Investments	38.9M	117.8M	161.5M	127.9M	237.3M	249.2M
Liabilities And Stockholders Equity	350.5M	536.2M	592.5M	727.3M	923.8M	970.0M
Other Current Assets	6.4M	17.3M	12.0M	22.2M	11.1M	9.5M
Total Current Assets	110.2M	217.4M	272.5M	247.6M	378.9M	397.9M
Property Plant And Equipment Net	212.5M	271.2M	285.8M	378.5M	488.7M	513.2M
Non Current Assets Total	240.3M	318.8M	320.0M	479.7M	544.9M	572.1M
Net Receivables	31.5M	35.8M	42.4M	54.5M	83.8M	88.0M
Property Plant And Equipment Gross	212.5M	271.2M	674.5M	786.1M	944.8M	992.0M
Accumulated Other Comprehensive Income	5.4M	4.8M	4.2M	4.7M	5.2M	5.4M
Short Term Investments	849K	1.1M	1.1M	474K	426.6K	405.3K
Non Current Liabilities Total	67.5M	102.8M	173.6M	256.0M	411.6M	432.2M
Inventory	33.5M	46.5M	56.6M	43.0M	46.7M	44.5M
Short Term Debt	22.1M	30.4M	58.8M	85.6M	96.8M	101.7M
Non Currrent Assets Other	9.8M	10.2M	13.3M	15.7M	29.5M	31.0M
Other Assets	27.8M	47.7M	34.2M	41.2M	47.4M	49.8M
Short Long Term Debt Total	43.5M	73.4M	159.1M	253.3M	372.2M	390.9M
Current Deferred Revenue	3.9M	13.0M	5.2M	4.9M	5.6M	5.4M
Other Liab	46.1M	59.8M	70.5M	88.3M	101.6M	52.7M
Net Tangible Assets	195.6M	312.7M	272.3M	310.1M	356.6M	189.1M
Property Plant Equipment	212.5M	271.2M	285.8M	378.5M	435.3M	457.1M
Long Term Debt	20.9M	41.9M	99.9M	140.8M	250.7M	263.3M
Long Term Debt Total	21.4M	43.0M	100.3M	167.7M	192.9M	202.5M
Capital Surpluse	55.4M	55.9M	55.0M	55.3M	63.6M	60.6M
Non Current Liabilities Other	744K	560K	1.0M	(1K)	(900.0)	(855.0)
Cash And Equivalents	38.9M	117.8M	161.5M	127.9M	147.1M	75.3M
Net Invested Capital	216.5M	354.7M	372.1M	451.0M	565.5M	357.6M

Pair Trading with Aura Minerals

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 Aura Minerals 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 Aura Minerals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aura Stock

0.79	AG	First Majestic Silver	Pair Corr
0.81	IE	Ivanhoe Energy	Pair Corr
0.74	FDY	Faraday Copper Corp	Pair Corr

Moving against Aura Stock

0.64

INFM

Infinico Metals Corp

Pair Corr

The ability to find closely correlated positions to Aura Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aura Minerals 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 Aura Minerals - 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 Aura Minerals to buy it.

The correlation of Aura Minerals 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 Aura Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aura Minerals 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 Aura Minerals 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 Aura Stock

Balance Sheet is a snapshot of the financial position of Aura Minerals at a specified time, usually calculated after every quarter, six months, or one year. Aura Minerals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aura Minerals 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 Aura currently owns. An asset can also be divided into two categories, current and non-current.

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Aura Net Debt vs Common Stock Total Equity Analysis

Net Debt vs Common Stock Total Equity

Net Debt vs Common Stock Total Equity Correlation Analysis

Correlation Coefficient

Net Debt

Common Stock Total Equity

Aura Minerals fundamental ratios Correlations

Aura Minerals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aura Minerals fundamental ratios Accounts

Pair Trading with Aura Minerals

Moving together with Aura Stock

Moving against Aura Stock

Other Information on Investing in Aura Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.99	Total Liab
Common Stock	+ 0.99	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Net Receivables	+ 0.98	Total Liab

Short Term Investments	- 0.97	Common Stock
Short Term Investments	- 0.96	Common Stock Total Equity
Short Term Investments	- 0.87	Common Stock Shares Outstanding
Short Term Investments	- 0.79	Accounts Payable
Short Term Investments	- 0.78	Other Current Liab
Common Stock	- 0.74	Retained Earnings