Stellar Net Debt vs Short Term Investments Analysis

SPX Stock

CAD 0.10 0.05 33.33%

Stellar AfricaGold financial indicator trend analysis is much more than just breaking down Stellar AfricaGold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stellar AfricaGold is a good investment. Please check the relationship between Stellar AfricaGold Net Debt and its Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stellar AfricaGold. 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 Short Term Investments

Net Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stellar AfricaGold Net Debt account and Short Term Investments. At this time, the significance of the direction appears to have weak relationship.

The correlation between Stellar AfricaGold's Net Debt and Short Term Investments is 0.36. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Stellar AfricaGold, assuming nothing else is changed. The correlation between historical values of Stellar AfricaGold's Net Debt and Short Term Investments 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 Stellar AfricaGold are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Debt i.e., Stellar AfricaGold's Net Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

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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.

Short Term Investments

Short Term Investments is an item under the current assets section of Stellar AfricaGold balance sheet. It contains any investments Stellar AfricaGold undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Stellar AfricaGold can easily liquidate in the marketplace.

Most indicators from Stellar AfricaGold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stellar AfricaGold 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Stellar AfricaGold. 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 649.2 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

Stellar AfricaGold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Non Currrent Assets Other	Non Current Liabilities Total	Short Term Investments	Common Stock	Current Deferred Revenue	Short Term Debt	Net Tangible Assets	Long Term Investments	Property Plant Equipment
Total Assets		0.07	0.92	-0.3	0.19	0.4	0.4	0.92	0.3	0.26	-0.26	0.16	0.64	0.0	0.39	-0.15	0.35	-0.17	-0.25	-0.27	-0.02	-0.04	0.01	0.08	0.12	-0.21
Total Current Liabilities	0.07		-0.31	0.8	-0.31	0.12	-0.32	0.11	-0.21	0.1	-0.07	-0.25	0.04	0.95	-0.1	0.8	-0.05	-0.35	-0.15	0.38	0.13	0.37	0.89	-0.6	-0.03	0.11
Total Stockholder Equity	0.92	-0.31		-0.62	0.3	0.35	0.49	0.82	0.38	0.21	-0.18	0.24	0.6	-0.39	0.42	-0.49	0.37	-0.04	-0.28	-0.32	-0.06	-0.22	-0.35	0.35	0.09	-0.24
Net Debt	-0.3	0.8	-0.62		-0.17	-0.18	-0.66	-0.15	-0.57	0.03	-0.04	-0.32	-0.15	0.87	-0.41	0.87	-0.32	-0.04	0.32	0.36	-0.03	0.44	0.83	-0.7	-0.2	0.17
Retained Earnings	0.19	-0.31	0.3	-0.17		-0.1	-0.07	0.28	-0.21	-0.03	-0.65	-0.13	0.23	-0.35	-0.19	-0.12	0.03	0.92	0.31	-0.35	-0.89	0.37	-0.08	-0.24	-0.33	-0.62
Accounts Payable	0.4	0.12	0.35	-0.18	-0.1		-0.06	0.44	-0.13	0.13	-0.29	-0.18	0.27	0.05	-0.02	-0.33	0.23	-0.33	-0.46	-0.09	0.09	0.24	-0.2	-0.09	-0.2	-0.35
Cash	0.4	-0.32	0.49	-0.66	-0.07	-0.06		0.1	0.95	0.08	0.14	0.4	0.13	-0.34	0.75	-0.23	0.11	-0.14	-0.1	-0.42	0.16	-0.45	-0.22	0.54	0.74	0.2
Non Current Assets Total	0.92	0.11	0.82	-0.15	0.28	0.44	0.1		0.0	-0.01	-0.4	0.05	0.66	0.07	-0.01	-0.13	0.4	-0.07	-0.16	-0.16	-0.14	0.24	0.02	-0.18	-0.15	-0.41
Cash And Short Term Investments	0.3	-0.21	0.38	-0.57	-0.21	-0.13	0.95	0.0		0.01	0.37	0.34	0.09	-0.26	0.74	-0.16	0.07	-0.25	-0.22	-0.12	0.33	-0.58	-0.13	0.61	0.7	0.39
Net Receivables	0.26	0.1	0.21	0.03	-0.03	0.13	0.08	-0.01	0.01		0.01	-0.07	0.03	0.06	0.67	0.06	-0.13	-0.15	-0.16	-0.27	0.04	-0.34	0.1	0.25	0.16	0.19
Common Stock Shares Outstanding	-0.26	-0.07	-0.18	-0.04	-0.65	-0.29	0.14	-0.4	0.37	0.01		0.22	-0.22	-0.04	0.33	-0.05	-0.29	-0.49	-0.17	0.56	0.76	-0.81	-0.09	0.67	0.27	0.9
Other Current Assets	0.16	-0.25	0.24	-0.32	-0.13	-0.18	0.4	0.05	0.34	-0.07	0.22		0.04	-0.26	0.26	-0.16	-0.06	-0.12	0.05	-0.29	0.17	-0.34	-0.15	0.26	0.63	0.17
Other Stockholder Equity	0.64	0.04	0.6	-0.15	0.23	0.27	0.13	0.66	0.09	0.03	-0.22	0.04		0.01	0.09	-0.11	0.71	-0.02	-0.11	-0.19	-0.1	0.12	-0.01	-0.08	-0.14	-0.24
Total Liab	0.0	0.95	-0.39	0.87	-0.35	0.05	-0.34	0.07	-0.26	0.06	-0.04	-0.26	0.01		-0.16	0.87	-0.13	-0.34	0.1	0.3	0.14	0.41	0.88	-0.64	0.0	0.19
Total Current Assets	0.39	-0.1	0.42	-0.41	-0.19	-0.02	0.75	-0.01	0.74	0.67	0.33	0.26	0.09	-0.16		-0.1	-0.04	-0.29	-0.27	-0.25	0.29	-0.69	-0.05	0.65	0.63	0.44
Short Long Term Debt Total	-0.15	0.8	-0.49	0.87	-0.12	-0.33	-0.23	-0.13	-0.16	0.06	-0.05	-0.16	-0.11	0.87	-0.1		-0.35	0.0	0.41	0.17	-0.07	0.34	0.95	-0.61	0.17	0.27
Other Current Liab	0.35	-0.05	0.37	-0.32	0.03	0.23	0.11	0.4	0.07	-0.13	-0.29	-0.06	0.71	-0.13	-0.04	-0.35		-0.19	-0.38	-0.17	0.03	0.2	-0.26	-0.06	-0.28	-0.47
Non Currrent Assets Other	-0.17	-0.35	-0.04	-0.04	0.92	-0.33	-0.14	-0.07	-0.25	-0.15	-0.49	-0.12	-0.02	-0.34	-0.29	0.0	-0.19		0.51	-0.28	-0.89	0.33	-0.04	-0.25	-0.26	-0.45
Non Current Liabilities Total	-0.25	-0.15	-0.28	0.32	0.31	-0.46	-0.1	-0.16	-0.22	-0.16	-0.17	0.05	-0.11	0.1	-0.27	0.41	-0.38	0.51		-0.39	-0.39	0.29	0.15	-0.34	0.14	0.05
Short Term Investments	-0.27	0.38	-0.32	0.36	-0.35	-0.09	-0.42	-0.16	-0.12	-0.27	0.56	-0.29	-0.19	0.3	-0.25	0.17	-0.17	-0.28	-0.39		0.41	-0.22	0.26	0.09	-0.39	0.4
Common Stock	-0.02	0.13	-0.06	-0.03	-0.89	0.09	0.16	-0.14	0.33	0.04	0.76	0.17	-0.1	0.14	0.29	-0.07	0.03	-0.89	-0.39	0.41		-0.56	-0.08	0.47	0.28	0.67
Current Deferred Revenue	-0.04	0.37	-0.22	0.44	0.37	0.24	-0.45	0.24	-0.58	-0.34	-0.81	-0.34	0.12	0.41	-0.69	0.34	0.2	0.33	0.29	-0.22	-0.56		0.33	-0.93	-0.38	-0.71
Short Term Debt	0.01	0.89	-0.35	0.83	-0.08	-0.2	-0.22	0.02	-0.13	0.1	-0.09	-0.15	-0.01	0.88	-0.05	0.95	-0.26	-0.04	0.15	0.26	-0.08	0.33		-0.61	0.13	0.19
Net Tangible Assets	0.08	-0.6	0.35	-0.7	-0.24	-0.09	0.54	-0.18	0.61	0.25	0.67	0.26	-0.08	-0.64	0.65	-0.61	-0.06	-0.25	-0.34	0.09	0.47	-0.93	-0.61		0.3	0.51
Long Term Investments	0.12	-0.03	0.09	-0.2	-0.33	-0.2	0.74	-0.15	0.7	0.16	0.27	0.63	-0.14	0.0	0.63	0.17	-0.28	-0.26	0.14	-0.39	0.28	-0.38	0.13	0.3		0.49
Property Plant Equipment	-0.21	0.11	-0.24	0.17	-0.62	-0.35	0.2	-0.41	0.39	0.19	0.9	0.17	-0.24	0.19	0.44	0.27	-0.47	-0.45	0.05	0.4	0.67	-0.71	0.19	0.51	0.49

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Stellar AfricaGold Account Relationship Matchups

Stellar AfricaGold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0M	2.3M	1.4M	370.1K	333.1K	316.5K
Total Current Liabilities	901.6K	266.5K	263.6K	394.9K	454.1K	692.3K
Total Stockholder Equity	1.1M	2.0M	1.1M	(24.7K)	(22.3K)	(21.2K)
Net Debt	220.8K	(1.6M)	(737.2K)	(59.3K)	(68.2K)	(64.8K)
Retained Earnings	(21.9M)	(23.1M)	(24.7M)	(25.8M)	(23.2M)	(24.4M)
Accounts Payable	309.4K	196.5K	139.1K	189.7K	170.7K	248.8K
Cash	315.5K	1.7M	737.2K	59.3K	68.2K	64.8K
Cash And Short Term Investments	315.5K	1.7M	737.2K	360.8K	414.9K	325.1K
Net Receivables	1.5M	97.5K	39.5K	7.1K	8.2K	7.8K
Common Stock Shares Outstanding	65.3M	80.8M	101.9M	111.4M	128.2M	134.6M
Liabilities And Stockholders Equity	2.0M	2.3M	1.4M	370.1K	333.1K	316.5K
Other Stockholder Equity	4.0M	4.0M	4.2M	4.3M	3.9M	4.7M
Total Liab	901.6K	266.5K	263.6K	394.9K	454.1K	843.9K
Total Current Assets	1.8M	1.8M	924.8K	370.1K	425.7K	528.3K
Short Long Term Debt Total	1.5M	2.2M	536.3K	70K	80.5K	76.5K
Common Stock	18.8M	20.2M	20.5M	20.6M	23.6M	19.7M
Short Term Debt	819.6K	2.2M	536.3K	70K	80.5K	76.5K
Net Tangible Assets	(1.8M)	1.1M	2.0M	1.1M	1.3M	1.4M
Net Invested Capital	1.3M	2.1M	1.1M	(24.7K)	(28.5K)	(27.0K)
Short Long Term Debt	819.6K	787.8K	188.4K	70K	63K	59.9K
Net Working Capital	937.4K	1.5M	661.2K	(24.7K)	(28.5K)	(29.9K)
Capital Stock	18.8M	20.2M	20.5M	20.6M	23.6M	21.6M

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