Orissa Total Assets vs Cash Analysis
ORISSAMINE | 7,643 91.65 1.21% |
Orissa Minerals financial indicator trend analysis is much more than just breaking down Orissa Minerals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orissa Minerals is a good investment. Please check the relationship between Orissa Minerals Total Assets and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in The Orissa 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 state.
Total Assets vs Cash
Total Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orissa Minerals Total Assets account and Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Orissa Minerals' Total Assets and Cash is 0.94. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash in the same time period over historical financial statements of The Orissa Minerals, assuming nothing else is changed. The correlation between historical values of Orissa Minerals' Total Assets and Cash 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 The Orissa Minerals are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Assets i.e., Orissa Minerals' Total Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Orissa Minerals 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 Orissa Minerals 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.Cash
Cash refers to the most liquid asset of Orissa Minerals, which is listed under current asset account on The Orissa Minerals balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Orissa Minerals customers. The amounts must be unrestricted with restricted cash listed in a different Orissa Minerals account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Orissa Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orissa 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 The Orissa 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 state. As of the 26th of November 2024, Selling General Administrative is likely to drop to about 28.5 M. In addition to that, Tax Provision is likely to drop to about (85.3 M)
Orissa Minerals fundamental ratios Correlations
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Orissa Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Orissa Minerals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.8B | 4.2B | 4.7B | 4.0B | 3.4B | 6.4B | |
Other Current Liab | 1.8M | 771.2M | 1.0B | 816.0M | 3.3B | 3.5B | |
Total Current Liabilities | 4.2B | 1.2B | 3.3B | 4.0B | 3.4B | 2.9B | |
Total Stockholder Equity | 570.8M | 180.7M | 35.3M | (128.0M) | (107.3M) | (101.9M) | |
Property Plant And Equipment Net | 282.9M | 171.9M | 346.7M | 163.5M | 131.8M | 247.2M | |
Net Debt | 2.7B | 3.0B | 2.9B | 1.8B | 41.6M | 43.7M | |
Cash | 389.5M | 120.2M | 432.8M | 64.5M | 46.1M | 43.8M | |
Non Current Assets Total | 2.5B | 2.4B | 2.5B | 2.6B | 2.6B | 1.5B | |
Non Currrent Assets Other | 539.8M | 434.2M | 267.1M | 435.8M | 455.6M | 372.3M | |
Cash And Short Term Investments | 873.0M | 1.2B | 432.8M | 836.4M | 247.2M | 234.9M | |
Net Receivables | 77.7M | 38.7M | 38.4M | 25.9M | 67K | 63.7K | |
Liabilities And Stockholders Equity | 4.8B | 4.2B | 4.7B | 4.0B | 3.4B | 6.4B | |
Inventory | 281.3M | 280.3M | 213.5M | 218.2M | 237.8M | 263.9M | |
Other Current Assets | 1.1B | 1.3B | 1.5B | 1.1B | 324.1M | 307.9M | |
Total Liab | 4.2B | 4.0B | 4.6B | 4.1B | 3.5B | 3.3B | |
Total Current Assets | 2.3B | 1.7B | 2.2B | 1.4B | 809.2M | 768.8M | |
Accounts Payable | 44.0M | 33.9M | 29.4M | 31.9M | 22.3M | 21.1M | |
Short Long Term Debt Total | 5.4B | 3.1B | 3.3B | 1.8B | 87.7M | 83.3M | |
Non Current Liabilities Total | 32.9M | 2.8B | 1.3B | 114.3M | 136.5M | 129.7M | |
Intangible Assets | 124.1M | 112.4M | 178.5M | 160.5M | 149.6M | 254.7M | |
Retained Earnings | (2.7B) | 174.7M | (3.2B) | (134.0M) | (120.6M) | (114.6M) | |
Short Term Investments | 483.5M | 1.0B | 1.2B | 771.8M | 201.2M | 191.1M | |
Other Liab | 32.9M | 30.6M | 41.5M | 43.8M | 39.4M | 37.5M | |
Net Tangible Assets | 446.7M | 68.3M | (143.2M) | (288.5M) | (259.6M) | (246.7M) | |
Other Assets | 2.5B | 2.2B | 1.7B | 2.2B | 2.6B | 2.7B | |
Property Plant Equipment | 158.7M | 171.9M | 168.1M | 163.5M | 147.2M | 152.3M | |
Current Deferred Revenue | 1.0B | 771.2M | 1.1B | 795.5M | 807.1M | 1.1B | |
Short Term Debt | 3.1B | 340.0M | 2.1B | 1.8B | 17.3M | 16.4M | |
Net Invested Capital | 3.7B | 3.3B | 3.4B | 1.6B | (107.3M) | (101.9M) | |
Short Long Term Debt | 1.2B | 3.1B | 340.0M | 2.1B | 1.7B | 0.0 | |
Net Working Capital | (1.9B) | 580.6M | (1.1B) | (2.6B) | (2.6B) | (2.4B) |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Orissa Stock
Balance Sheet is a snapshot of the financial position of Orissa Minerals at a specified time, usually calculated after every quarter, six months, or one year. Orissa Minerals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Orissa 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 Orissa currently owns. An asset can also be divided into two categories, current and non-current.