Advantage Cash And Short Term Investments vs Net Debt Analysis
AAV Stock | CAD 11.47 0.02 0.17% |
Advantage Oil financial indicator trend analysis is way more than just evaluating Advantage Oil Gas prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advantage Oil Gas is a good investment. Please check the relationship between Advantage Oil Cash And Short Term Investments and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advantage Oil Gas. 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.
Cash And Short Term Investments vs Net Debt
Cash And Short Term Investments vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advantage Oil Gas Cash And Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Advantage Oil's Cash And Short Term Investments and Net Debt is -0.87. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Advantage Oil Gas, assuming nothing else is changed. The correlation between historical values of Advantage Oil's Cash And Short Term Investments and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Advantage Oil Gas are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash And Short Term Investments i.e., Advantage Oil's Cash And Short Term Investments and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.87 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Advantage Oil Gas balance sheet. This account contains Advantage Oil investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Advantage Oil Gas fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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.Most indicators from Advantage Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advantage Oil Gas 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Advantage Oil Gas. 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, Advantage Oil's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 8th of June 2024, Enterprise Value is likely to grow to about 1.8 B, while Selling General Administrative is likely to drop about 29.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 20.1M | 19.8M | 30.1M | 42.3M | Depreciation And Amortization | 106.8M | 133.9M | 154.0M | 94.7M |
Advantage Oil fundamental ratios Correlations
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Advantage Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Advantage Oil fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.8B | 1.5B | 2.0B | 2.2B | 2.3B | 1.4B | |
Short Long Term Debt Total | 298.2M | 249.4M | 167.3M | 192.9M | 173.6M | 267.7M | |
Other Current Liab | 64.4M | 56.8M | 95.4M | 107.8M | 25.8M | 24.5M | |
Total Current Liabilities | 64.6M | 57.0M | 95.4M | 107.8M | 96.4M | 91.6M | |
Total Stockholder Equity | 1.3B | 1.0B | 1.5B | 1.6B | 1.6B | 992.2M | |
Property Plant And Equipment Net | 1.8B | 1.5B | 1.9B | 1.9B | 2.1B | 1.2B | |
Net Debt | 285.1M | 246.1M | 142.1M | 144.0M | 239.9M | 241.1M | |
Retained Earnings | (1.2B) | (1.4B) | (1.0B) | (684.6M) | (583.0M) | (612.1M) | |
Cash | 13.1M | 3.3M | 25.2M | 48.9M | 19.3M | 32.1M | |
Non Current Assets Total | 1.8B | 1.5B | 1.9B | 2.0B | 2.2B | 1.4B | |
Non Currrent Assets Other | 1.8B | 4.1M | 57.7M | 94.0M | 4.0M | 3.8M | |
Cash And Short Term Investments | 13.1M | 3.3M | 25.2M | 48.9M | 44.0M | 34.4M | |
Net Receivables | 29.3M | 28.5M | 54.8M | 92.8M | 49.6M | 47.1M | |
Common Stock Shares Outstanding | 190.9M | 186.7M | 187.8M | 198.6M | 162.2M | 104.1M | |
Liabilities And Stockholders Equity | 1.8B | 1.5B | 2.0B | 2.2B | 2.0B | 1.3B | |
Non Current Liabilities Total | 437.7M | 436.5M | 439.5M | 544.5M | 646.2M | 434.3M | |
Other Stockholder Equity | 117.1M | 114.3M | 110.3M | 142.8M | 128.5M | 122.1M | |
Total Liab | 502.4M | 493.5M | 534.9M | 652.3M | 742.6M | 609.4M | |
Property Plant And Equipment Gross | 1.8B | 1.5B | 3.0B | 3.2B | 3.5B | 3.7B | |
Total Current Assets | 45.9M | 40.7M | 83.8M | 178.7M | 120.5M | 114.4M | |
Accumulated Other Comprehensive Income | (667.0M) | (786.0M) | (905.1M) | (1.4B) | (1.2B) | (1.2B) | |
Other Current Assets | 2.0M | 6.9M | 3.8M | 37.0M | 33.3M | 38.5M | |
Accounts Payable | 50.7M | 37.0M | 76.6M | 78.3M | 70.4M | 66.9M | |
Common Stock Total Equity | 2.3B | 2.3B | 2.3B | 2.4B | 2.7B | 2.4B | |
Common Stock | 2.3B | 2.4B | 2.4B | 2.1B | 2.4B | 2.4B | |
Other Liab | 139.8M | 187.4M | 180.5M | 259.4M | 298.3M | 151.4M | |
Net Tangible Assets | 1.3B | 1.0B | 1.5B | 1.6B | 1.8B | 1.4B | |
Other Assets | 0.0 | 28.9M | 57.7M | 94.0M | 108.1M | 113.5M | |
Long Term Debt | 295.6M | 247.1M | 167.3M | 192.9M | 259.1M | 185.1M | |
Property Plant Equipment | 1.8B | 1.5B | 1.9B | 1.9B | 2.2B | 1.8B | |
Long Term Debt Total | 297.9M | 249.1M | 169.2M | 194.6M | 223.8M | 242.6M | |
Capital Surpluse | 117.1M | 114.3M | 110.3M | 142.8M | 164.2M | 128.6M |
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Balance Sheet is a snapshot of the financial position of Advantage Oil Gas at a specified time, usually calculated after every quarter, six months, or one year. Advantage Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Advantage Oil 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 Advantage currently owns. An asset can also be divided into two categories, current and non-current.