Ressources Net Tangible Assets vs Accounts Payable Analysis

RDS Stock

CAD 0.24 0.01 4.00%

Ressources Minieres financial indicator trend analysis is much more than just breaking down Ressources Minieres prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ressources Minieres is a good investment. Please check the relationship between Ressources Minieres Net Tangible Assets and its Accounts Payable accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ressources Minieres Radisson. 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 Tangible Assets vs Accounts Payable

Net Tangible Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ressources Minieres Net Tangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ressources Minieres' Net Tangible Assets and Accounts Payable is -0.23. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Ressources Minieres Radisson, assuming nothing else is changed. The correlation between historical values of Ressources Minieres' Net Tangible 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 Net Tangible Assets of Ressources Minieres Radisson 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 Net Tangible Assets i.e., Ressources Minieres' Net Tangible Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.23

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Accounts Payable

An accounting item on the balance sheet that represents Ressources Minieres 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 Ressources Minieres 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 Ressources Minieres' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ressources Minieres 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 Ressources Minieres Radisson. 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, Ressources Minieres' Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 21.08 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 5.7 M in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	67.9K	166.3K	120.0K	126.0K
Interest Income	131.1K	63.5K	147.7K	155.1K

Reconciled Depreciation Interest Income

Ressources Minieres fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Accounts Payable	Non Currrent Assets Other	Short Term Investments	Other Liab	Net Tangible Assets
Total Assets		0.3	0.5	0.43	1.0	0.98	-0.6	-0.55	0.58	0.98	0.81	0.61	0.98	0.91	0.43	0.03	-0.51	0.91	0.82	-0.64	0.83	-0.23	0.86	0.71	0.81	1.0
Short Long Term Debt Total	0.3		0.01	-0.1	0.31	0.33	0.04	-0.11	-0.07	0.32	0.2	-0.07	0.28	0.22	0.06	-0.01	-0.15	0.2	0.15	-0.62	-0.04	0.13	0.24	0.45	-0.14	0.3
Other Current Liab	0.5	0.01		0.98	0.48	0.41	-0.74	-0.16	0.73	0.42	0.58	0.66	0.45	0.45	0.32	0.21	-0.3	0.59	0.63	-0.09	0.48	-0.15	0.47	0.05	0.39	0.48
Total Current Liabilities	0.43	-0.1	0.98		0.41	0.34	-0.73	-0.12	0.73	0.35	0.53	0.66	0.38	0.39	0.29	0.21	-0.26	0.54	0.59	0.01	0.45	-0.14	0.41	-0.04	0.38	0.41
Total Stockholder Equity	1.0	0.31	0.48	0.41		0.99	-0.57	-0.53	0.55	0.99	0.79	0.61	0.98	0.88	0.44	0.01	-0.53	0.89	0.81	-0.64	0.83	-0.2	0.88	0.71	0.79	1.0
Property Plant And Equipment Net	0.98	0.33	0.41	0.34	0.99		-0.45	-0.54	0.43	1.0	0.7	0.58	0.98	0.86	0.35	0.02	-0.48	0.85	0.7	-0.68	0.79	-0.21	0.82	0.71	0.76	0.99
Net Debt	-0.6	0.04	-0.74	-0.73	-0.57	-0.45		0.26	-1.0	-0.47	-0.87	-0.57	-0.51	-0.67	-0.28	-0.06	0.32	-0.75	-0.86	0.04	-0.59	0.15	-0.53	-0.22	-0.67	-0.56
Retained Earnings	-0.55	-0.11	-0.16	-0.12	-0.53	-0.54	0.26		-0.25	-0.54	-0.44	-0.29	-0.67	-0.69	-0.25	-0.19	0.06	-0.66	-0.46	0.69	-0.37	0.9	-0.38	-0.47	-0.41	-0.56
Cash	0.58	-0.07	0.73	0.73	0.55	0.43	-1.0	-0.25		0.45	0.86	0.58	0.49	0.66	0.27	0.06	-0.32	0.73	0.85	-0.01	0.58	-0.15	0.52	0.19	0.67	0.54
Non Current Assets Total	0.98	0.32	0.42	0.35	0.99	1.0	-0.47	-0.54	0.45		0.71	0.59	0.98	0.87	0.35	0.02	-0.48	0.86	0.71	-0.67	0.79	-0.21	0.82	0.7	0.77	0.99
Cash And Short Term Investments	0.81	0.2	0.58	0.53	0.79	0.7	-0.87	-0.44	0.86	0.71		0.38	0.73	0.85	0.31	0.02	-0.39	0.88	0.94	-0.46	0.67	-0.19	0.7	0.67	0.75	0.79
Net Receivables	0.61	-0.07	0.66	0.66	0.61	0.58	-0.57	-0.29	0.58	0.59	0.38		0.61	0.52	0.5	0.18	-0.43	0.59	0.56	0.01	0.68	-0.22	0.59	-0.11	0.55	0.6
Common Stock Shares Outstanding	0.98	0.28	0.45	0.38	0.98	0.98	-0.51	-0.67	0.49	0.98	0.73	0.61		0.89	0.42	0.05	-0.49	0.88	0.76	-0.7	0.82	-0.37	0.85	0.69	0.75	0.98
Non Current Liabilities Total	0.91	0.22	0.45	0.39	0.88	0.86	-0.67	-0.69	0.66	0.87	0.85	0.52	0.89		0.3	0.17	-0.31	0.99	0.82	-0.61	0.69	-0.4	0.63	0.67	0.88	0.89
Inventory	0.43	0.06	0.32	0.29	0.44	0.35	-0.28	-0.25	0.27	0.35	0.31	0.5	0.42	0.3		-0.12	-0.4	0.33	0.6	-0.21	0.49	-0.18	0.64	0.19	0.23	0.44
Other Current Assets	0.03	-0.01	0.21	0.21	0.01	0.02	-0.06	-0.19	0.06	0.02	0.02	0.18	0.05	0.17	-0.12		-0.18	0.19	0.06	-0.06	0.12	-0.16	-0.16	-0.05	0.12	0.01
Other Stockholder Equity	-0.51	-0.15	-0.3	-0.26	-0.53	-0.48	0.32	0.06	-0.32	-0.48	-0.39	-0.43	-0.49	-0.31	-0.4	-0.18		-0.33	-0.49	0.15	-0.83	-0.16	-0.66	-0.3	-0.31	-0.52
Total Liab	0.91	0.2	0.59	0.54	0.89	0.85	-0.75	-0.66	0.73	0.86	0.88	0.59	0.88	0.99	0.33	0.19	-0.33		0.86	-0.57	0.71	-0.39	0.65	0.61	0.87	0.89
Total Current Assets	0.82	0.15	0.63	0.59	0.81	0.7	-0.86	-0.46	0.85	0.71	0.94	0.56	0.76	0.82	0.6	0.06	-0.49	0.86		-0.4	0.76	-0.23	0.79	0.57	0.73	0.81
Short Term Debt	-0.64	-0.62	-0.09	0.01	-0.64	-0.68	0.04	0.69	-0.01	-0.67	-0.46	0.01	-0.7	-0.61	-0.21	-0.06	0.15	-0.57	-0.4		-0.29	0.42	-0.49	-0.85	-0.26	-0.66
Common Stock	0.83	-0.04	0.48	0.45	0.83	0.79	-0.59	-0.37	0.58	0.79	0.67	0.68	0.82	0.69	0.49	0.12	-0.83	0.71	0.76	-0.29		-0.12	0.85	0.45	0.73	0.83
Accounts Payable	-0.23	0.13	-0.15	-0.14	-0.2	-0.21	0.15	0.9	-0.15	-0.21	-0.19	-0.22	-0.37	-0.4	-0.18	-0.16	-0.16	-0.39	-0.23	0.42	-0.12		-0.14	-0.12	-0.15	-0.23
Non Currrent Assets Other	0.86	0.24	0.47	0.41	0.88	0.82	-0.53	-0.38	0.52	0.82	0.7	0.59	0.85	0.63	0.64	-0.16	-0.66	0.65	0.79	-0.49	0.85	-0.14		0.58	0.54	0.87
Short Term Investments	0.71	0.45	0.05	-0.04	0.71	0.71	-0.22	-0.47	0.19	0.7	0.67	-0.11	0.69	0.67	0.19	-0.05	-0.3	0.61	0.57	-0.85	0.45	-0.12	0.58		0.48	0.71
Other Liab	0.81	-0.14	0.39	0.38	0.79	0.76	-0.67	-0.41	0.67	0.77	0.75	0.55	0.75	0.88	0.23	0.12	-0.31	0.87	0.73	-0.26	0.73	-0.15	0.54	0.48		0.78
Net Tangible Assets	1.0	0.3	0.48	0.41	1.0	0.99	-0.56	-0.56	0.54	0.99	0.79	0.6	0.98	0.89	0.44	0.01	-0.52	0.89	0.81	-0.66	0.83	-0.23	0.87	0.71	0.78

Click cells to compare fundamentals

Ressources Minieres Account Relationship Matchups

Ressources Minieres fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	25.4M	43.0M	52.6M	49.5M	56.9M	59.7M
Other Current Liab	669.0K	523.1K	2.0M	169.3K	477.0K	536.2K
Total Current Liabilities	669.6K	523.7K	2.0M	169.5K	477.5K	326.5K
Total Stockholder Equity	21.7M	35.6M	44.1M	43.8M	50.0M	52.5M
Property Plant And Equipment Net	16.1M	26.4M	38.1M	44.6M	47.2M	49.6M
Net Debt	(2.3M)	(11.3M)	(10.9M)	(1.6M)	(1.9M)	(2.0M)
Retained Earnings	(30.3M)	(32.6M)	(30.6M)	(32.6M)	(33.4M)	(35.1M)
Cash	2.3M	11.3M	10.9M	1.6M	1.9M	1.5M
Non Current Assets Total	16.1M	27.7M	40.0M	45.4M	47.8M	50.2M
Cash And Short Term Investments	2.4M	14.9M	10.9M	1.6M	8.7M	9.1M
Net Receivables	597.2K	310.4K	1.0M	955.1K	166.8K	213.9K
Common Stock Shares Outstanding	143.6M	201.6M	254.8M	276.1M	293.5M	308.2M
Liabilities And Stockholders Equity	25.4M	43.0M	52.6M	49.5M	56.9M	59.7M
Non Current Liabilities Total	3.0M	6.9M	6.4M	5.6M	6.4M	6.7M
Inventory	1.2M	446K	6.2M	1.5M	1.7M	1.8M
Other Current Assets	86.4K	77.8K	518.9K	126.7K	183.4K	241.9K
Other Stockholder Equity	560.9K	1.5M	1.1M	27.0K	453.0K	430.4K
Total Liab	3.7M	7.4M	8.4M	5.7M	6.9M	7.2M
Total Current Assets	9.4M	15.3M	12.5M	4.2M	9.0M	9.5M
Common Stock	47.0M	61.8M	68.0M	69.3M	75.6M	43.5M
Accounts Payable	669.63	523.65	2.0K	169.49	477.52	453.64
Accumulated Other Comprehensive Income	4.5M	5.0M	5.7M	7.1M	7.3M	7.7M
Short Term Investments	464.9K	175.1K	3.6M	0.0	6.8M	7.1M
Other Liab	1.3M	3.0M	6.9M	6.4M	7.4M	3.7M
Net Tangible Assets	13.8M	21.7M	35.6M	44.1M	50.8M	53.3M
Property Plant Equipment	13.8M	16.1M	26.4M	38.1M	43.8M	46.0M
Non Current Liabilities Other	1.9M	4.5M	2.0M	498.7K	1.1M	1.5M
Net Invested Capital	21.7M	35.6M	44.1M	43.8M	50.0M	34.9M
Net Working Capital	8.7M	14.8M	10.5M	4.0M	8.6M	7.8M
Capital Stock	47.0M	61.8M	68.0M	69.3M	75.6M	66.2M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Ressources Stock Analysis

When running Ressources Minieres' price analysis, check to measure Ressources Minieres' 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 Ressources Minieres is operating at the current time. Most of Ressources Minieres' value examination focuses on studying past and present price action to predict the probability of Ressources Minieres' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ressources Minieres' price. Additionally, you may evaluate how the addition of Ressources Minieres to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC