Arras Minerals Corp Stock Total Debt
| ARK Stock | CAD 0.21 0.01 4.55% |
Arras Minerals Corp fundamentals help investors to digest information that contributes to Arras Minerals' financial success or failures. It also enables traders to predict the movement of Arras Stock. The fundamental analysis module provides a way to measure Arras Minerals' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Arras Minerals stock.
Total Debt To Capitalization is likely to climb to 0.05 in 2024. Arras | Total Debt |
Arras Minerals Corp Company Total Debt Analysis
Arras Minerals' Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Current Arras Minerals Total Debt | 217.12 K |
Most of Arras Minerals' fundamental indicators, such as Total Debt, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Arras Minerals Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Arras Total Debt Driver Correlations
Understanding the fundamental principles of building solid financial models for Arras Minerals is extremely important. It helps to project a fair market value of Arras Stock properly, considering its historical fundamentals such as Total Debt. Since Arras Minerals' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Arras Minerals' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Arras Minerals' interrelated accounts and indicators.
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In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
| Competition |
Based on the latest financial disclosure, Arras Minerals Corp has a Total Debt of 217.12 K. This is 99.99% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The total debt for all Canada stocks is 100.0% higher than that of the company.
Arras Total Debt Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Arras Minerals' direct or indirect competition against its Total Debt to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Arras Minerals could also be used in its relative valuation, which is a method of valuing Arras Minerals by comparing valuation metrics of similar companies.Arras Minerals is currently under evaluation in total debt category among related companies.
Arras Fundamentals
| Current Valuation | 14.7 M | ||||
| Shares Outstanding | 68.92 M | ||||
| Shares Owned By Insiders | 5.63 % | ||||
| Number Of Shares Shorted | 25.7 K | ||||
| Price To Book | 1.92 X | ||||
| Net Income | (5.72 M) | ||||
| Cash And Equivalents | 1.56 K | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 217.12 K | ||||
| Debt To Equity | 3.06 % | ||||
| Current Ratio | 0.01 X | ||||
| Cash Flow From Operations | (5.24 M) | ||||
| Short Ratio | 0.79 X | ||||
| Earnings Per Share | (0.18) X | ||||
| Target Price | 1.3 | ||||
| Beta | -3.84 | ||||
| Market Capitalization | 15.16 M | ||||
| Total Asset | 6.42 M | ||||
| Retained Earnings | (13.78 M) | ||||
| Working Capital | (134.01 K) | ||||
| Net Asset | 6.42 M |
About Arras Minerals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Arras Minerals Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Arras Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Arras Minerals Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Arras 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 Arras 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 Arras Minerals will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Arras 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 Arras 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 Arras 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 Arras Minerals Corp to buy it.
The correlation of Arras 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 Arras Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arras Minerals Corp 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 Arras 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arras Minerals Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Arras Stock analysis
When running Arras Minerals' price analysis, check to measure Arras Minerals' 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 Arras Minerals is operating at the current time. Most of Arras Minerals' value examination focuses on studying past and present price action to predict the probability of Arras Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arras Minerals' price. Additionally, you may evaluate how the addition of Arras Minerals to your portfolios can decrease your overall portfolio volatility.
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