RTG Short Long Term Debt vs Property Plant And Equipment Net Analysis

RTG Stock

CAD 0.03 0.01 25.00%

RTG Mining financial indicator trend analysis is much more than just breaking down RTG Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RTG Mining is a good investment. Please check the relationship between RTG Mining Short Long Term Debt and its Property Plant And Equipment Net accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RTG Mining. 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.

Short Long Term Debt vs Property Plant And Equipment Net

Short Long Term Debt vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RTG Mining Short Long Term Debt account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between RTG Mining's Short Long Term Debt and Property Plant And Equipment Net is -0.44. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of RTG Mining, assuming nothing else is changed. The correlation between historical values of RTG Mining's Short Long Term Debt and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of RTG Mining are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Short Long Term Debt i.e., RTG Mining's Short Long Term Debt and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

-0.44

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Most indicators from RTG Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RTG Mining 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 RTG Mining. 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, RTG Mining's Selling General Administrative is very stable compared to the past year. As of the 24th of November 2024, Discontinued Operations is likely to grow to about 1 M, while Issuance Of Capital Stock is likely to drop about 7.9 M.

RTG Mining fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Net Tangible Assets	Property Plant Equipment	Inventory	Short Long Term Debt Total	Net Invested Capital	Short Long Term Debt
Total Assets		0.47	-0.22	1.0	-0.49	0.05	0.39	-0.37	-0.13	0.99	-0.13	-0.15	-0.37	-0.19	0.59	-0.1	-0.27	-0.49	-0.15	0.03	0.99	-0.42	0.07	-0.03	0.38	0.13
Other Current Liab	0.47		0.15	0.46	0.09	0.56	0.08	-0.32	-0.57	0.54	-0.58	0.33	0.03	-0.1	0.23	-0.07	0.15	0.09	-0.56	0.08	0.44	0.15	-0.27	-0.31	-0.15	-0.25
Total Current Liabilities	-0.22	0.15		-0.25	0.6	0.34	-0.64	0.65	-0.19	-0.18	-0.2	-0.06	0.48	0.12	-0.21	-0.45	0.98	0.6	-0.21	0.61	-0.29	0.58	0.17	0.24	-0.56	0.11
Total Stockholder Equity	1.0	0.46	-0.25		-0.5	0.04	0.4	-0.38	-0.13	0.99	-0.13	-0.15	-0.37	-0.19	0.59	-0.09	-0.29	-0.5	-0.14	0.02	0.99	-0.43	0.07	-0.04	0.39	0.12
Property Plant And Equipment Net	-0.49	0.09	0.6	-0.5		0.46	-0.71	0.5	-0.34	-0.41	-0.34	-0.04	0.87	-0.1	-0.66	-0.32	0.71	1.0	-0.38	0.52	-0.55	0.97	0.0	-0.11	-0.95	-0.44
Net Debt	0.05	0.56	0.34	0.04	0.46		-0.16	-0.16	-0.98	0.21	-0.98	0.28	0.24	0.09	-0.13	-0.11	0.41	0.46	-0.98	0.16	0.07	0.43	0.02	-0.26	-0.53	-0.36
Retained Earnings	0.39	0.08	-0.64	0.4	-0.71	-0.16		-0.55	0.03	0.37	0.02	-0.16	-0.87	-0.34	0.22	0.46	-0.72	-0.71	0.01	-0.9	0.49	-0.78	0.21	-0.09	0.73	0.24
Accounts Payable	-0.37	-0.32	0.65	-0.38	0.5	-0.16	-0.55		0.27	-0.39	0.27	-0.12	0.57	0.08	-0.35	-0.52	0.67	0.5	0.26	0.46	-0.43	0.47	0.24	-0.04	-0.41	-0.15
Cash	-0.13	-0.57	-0.19	-0.13	-0.34	-0.98	0.03	0.27		-0.29	1.0	-0.28	-0.13	-0.05	0.07	0.06	-0.26	-0.34	0.99	-0.05	-0.17	-0.31	-0.03	0.33	0.42	0.38
Non Current Assets Total	0.99	0.54	-0.18	0.99	-0.41	0.21	0.37	-0.39	-0.29		-0.28	-0.12	-0.33	-0.19	0.55	-0.11	-0.21	-0.41	-0.3	0.04	0.98	-0.35	0.09	-0.08	0.3	0.07
Cash And Short Term Investments	-0.13	-0.58	-0.2	-0.13	-0.34	-0.98	0.02	0.27	1.0	-0.28		-0.28	-0.13	-0.05	0.08	0.06	-0.26	-0.34	0.99	-0.04	-0.17	-0.31	-0.03	0.34	0.42	0.38
Net Receivables	-0.15	0.33	-0.06	-0.15	-0.04	0.28	-0.16	-0.12	-0.28	-0.12	-0.28		0.14	0.61	0.1	0.02	-0.04	-0.04	-0.17	0.04	-0.17	0.05	-0.63	-0.43	0.03	-0.42
Common Stock Shares Outstanding	-0.37	0.03	0.48	-0.37	0.87	0.24	-0.87	0.57	-0.13	-0.33	-0.13	0.14		0.15	-0.42	-0.42	0.6	0.87	-0.14	0.73	-0.46	0.93	-0.18	-0.2	-0.86	-0.56
Non Current Liabilities Total	-0.19	-0.1	0.12	-0.19	-0.1	0.09	-0.34	0.08	-0.05	-0.19	-0.05	0.61	0.15		0.35	-0.14	0.16	-0.1	0.04	0.29	-0.23	-0.02	-0.4	0.01	0.01	-0.09
Other Current Assets	0.59	0.23	-0.21	0.59	-0.66	-0.13	0.22	-0.35	0.07	0.55	0.08	0.1	-0.42	0.35		-0.08	-0.27	-0.66	0.11	0.04	0.6	-0.58	-0.16	0.3	0.6	0.39
Other Stockholder Equity	-0.1	-0.07	-0.45	-0.09	-0.32	-0.11	0.46	-0.52	0.06	-0.11	0.06	0.02	-0.42	-0.14	-0.08		-0.48	-0.32	0.06	-0.53	-0.05	-0.29	-0.16	0.0	0.33	0.15
Total Liab	-0.27	0.15	0.98	-0.29	0.71	0.41	-0.72	0.67	-0.26	-0.21	-0.26	-0.04	0.6	0.16	-0.27	-0.48		0.71	-0.27	0.68	-0.34	0.69	0.11	0.16	-0.69	-0.03
Property Plant And Equipment Gross	-0.49	0.09	0.6	-0.5	1.0	0.46	-0.71	0.5	-0.34	-0.41	-0.34	-0.04	0.87	-0.1	-0.66	-0.32	0.71		-0.38	0.52	-0.55	0.97	0.0	-0.11	-0.95	-0.44
Total Current Assets	-0.15	-0.56	-0.21	-0.14	-0.38	-0.98	0.01	0.26	0.99	-0.3	0.99	-0.17	-0.14	0.04	0.11	0.06	-0.27	-0.38		-0.03	-0.18	-0.34	-0.11	0.3	0.46	0.36
Common Stock	0.03	0.08	0.61	0.02	0.52	0.16	-0.9	0.46	-0.05	0.04	-0.04	0.04	0.73	0.29	0.04	-0.53	0.68	0.52	-0.03		-0.08	0.61	-0.16	0.12	-0.59	-0.13
Net Tangible Assets	0.99	0.44	-0.29	0.99	-0.55	0.07	0.49	-0.43	-0.17	0.98	-0.17	-0.17	-0.46	-0.23	0.6	-0.05	-0.34	-0.55	-0.18	-0.08		-0.5	0.12	-0.02	0.45	0.17
Property Plant Equipment	-0.42	0.15	0.58	-0.43	0.97	0.43	-0.78	0.47	-0.31	-0.35	-0.31	0.05	0.93	-0.02	-0.58	-0.29	0.69	0.97	-0.34	0.61	-0.5		-0.13	-0.15	-0.95	-0.5
Inventory	0.07	-0.27	0.17	0.07	0.0	0.02	0.21	0.24	-0.03	0.09	-0.03	-0.63	-0.18	-0.4	-0.16	-0.16	0.11	0.0	-0.11	-0.16	0.12	-0.13		-0.01	-0.04	0.05
Short Long Term Debt Total	-0.03	-0.31	0.24	-0.04	-0.11	-0.26	-0.09	-0.04	0.33	-0.08	0.34	-0.43	-0.2	0.01	0.3	0.0	0.16	-0.11	0.3	0.12	-0.02	-0.15	-0.01		0.21	0.88
Net Invested Capital	0.38	-0.15	-0.56	0.39	-0.95	-0.53	0.73	-0.41	0.42	0.3	0.42	0.03	-0.86	0.01	0.6	0.33	-0.69	-0.95	0.46	-0.59	0.45	-0.95	-0.04	0.21		0.54
Short Long Term Debt	0.13	-0.25	0.11	0.12	-0.44	-0.36	0.24	-0.15	0.38	0.07	0.38	-0.42	-0.56	-0.09	0.39	0.15	-0.03	-0.44	0.36	-0.13	0.17	-0.5	0.05	0.88	0.54

Click cells to compare fundamentals

RTG Mining Account Relationship Matchups

RTG Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.5M	8.8M	12.9M	5.6M	9.2M	8.7M
Other Current Liab	456.1K	334.2K	2.4K	1.0K	521.8K	547.9K
Total Current Liabilities	3.6M	2.3M	3.7M	1.6M	1.2M	1.5M
Total Stockholder Equity	6.5M	7.6M	10.6M	4.8M	8.8M	8.4M
Property Plant And Equipment Net	3.5M	2.8M	2.6M	3.4M	3.2M	3.3M
Net Debt	(977.8K)	(4.1M)	(8.5M)	(554.4K)	(3.6M)	(3.7M)
Retained Earnings	(171.9M)	(177.6M)	(184.4M)	(190.6M)	(194.9M)	(185.2M)
Accounts Payable	428.2K	295.2K	1.2M	559.2K	522.6K	416.0K
Cash	3.9M	5.8M	10.0M	1.9M	4.4M	5.6M
Non Current Assets Total	5.4M	2.8M	2.6M	3.4M	3.2M	3.0M
Cash And Short Term Investments	3.9M	5.8M	10.0M	1.9M	4.4M	5.6M
Net Receivables	33.2K	27.5K	55.0K	105.5K	1.5M	1.6M
Common Stock Shares Outstanding	480.9M	579.2M	683.3M	838.4M	961.9M	1.0B
Liabilities And Stockholders Equity	9.5M	8.8M	12.9M	5.6M	9.2M	8.7M
Non Current Liabilities Total	194.3K	50.9K	15.3K	783.1K	723.3K	468.1K
Other Current Assets	146.64	182.34	222.59	265.97	1.6K	1.5K
Total Liab	3.8M	2.3M	3.7M	2.4M	1.9M	1.6M
Property Plant And Equipment Gross	3.5M	2.8M	2.6M	3.4M	3.2M	3.3M
Total Current Assets	4.1M	5.9M	10.3M	2.2M	6.0M	6.1M
Accumulated Other Comprehensive Income	1.3M	953.7K	1.2M	1.5M	1.2M	1.3M
Common Stock	168.4M	174.3M	183.5M	183.6M	192.0M	139.9M
Net Tangible Assets	6.5M	7.6M	10.6M	4.8M	4.4M	4.1M
Property Plant Equipment	3.5M	2.8M	2.6M	3.4M	3.9M	4.1M
Short Term Debt	2.8M	1.6M	1.6M	615.6K	111.1K	105.5K
Net Invested Capital	9.1M	9.1M	12.1M	5.3M	8.8M	9.3M
Net Working Capital	434.6K	3.7M	6.6M	630.0K	4.8M	4.2M
Capital Stock	168.4M	174.3M	183.5M	183.6M	192.0M	196.1M

Pair Trading with RTG Mining

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 RTG Mining 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 RTG Mining will appreciate offsetting losses from the drop in the long position's value.

Moving against RTG Stock

0.48	JPM	JPMorgan Chase	Pair Corr
0.45	BOFA	Bank of America	Pair Corr
0.36	RY-PS	Royal Bank	Pair Corr
0.33	RY-PM	Royal Bank	Pair Corr
0.32	RY-PJ	Royal Bank	Pair Corr

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

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

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

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RTG Short Long Term Debt vs Property Plant And Equipment Net Analysis

Short Long Term Debt vs Property Plant And Equipment Net

Short Long Term Debt vs Property Plant And Equipment Net Correlation Analysis

Correlation Coefficient

Short Long Term Debt

Property Plant And Equipment Net

RTG Mining fundamental ratios Correlations

RTG Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

RTG Mining fundamental ratios Accounts

Pair Trading with RTG Mining

Moving against RTG Stock

Other Information on Investing in RTG Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Stockholder Equity

Total Current Assets	- 0.98	Net Debt
Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Net Invested Capital	- 0.95	Property Plant Equipment
Net Invested Capital	- 0.95	Property Plant And Equipment Gross
Net Invested Capital	- 0.95	Property Plant And Equipment Net