Advantage Total Current Assets vs Total Assets 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 Total Current Assets and its Total Assets 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.
Total Current Assets vs Total Assets
Total Current Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advantage Oil Gas Total Current Assets account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Advantage Oil's Total Current Assets and Total Assets is 0.75. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Assets 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 Total Current Assets and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Advantage Oil Gas are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Assets i.e., Advantage Oil's Total Current Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Total Assets
Total assets refers to the total amount of Advantage Oil assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Advantage Oil Gas books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.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
Click cells to compare fundamentals
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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Advantage Stock
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.