Agnico Non Current Liabilities Total vs Short Term Investments Analysis

AEM Stock  CAD 93.70  0.32  0.34%   
Agnico Eagle financial indicator trend analysis is way more than just evaluating Agnico Eagle Mines prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Agnico Eagle Mines is a good investment. Please check the relationship between Agnico Eagle Non Current Liabilities Total and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. 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.

Non Current Liabilities Total vs Short Term Investments

Non Current Liabilities Total vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Agnico Eagle Mines Non Current Liabilities Total account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Agnico Eagle's Non Current Liabilities Total and Short Term Investments is -0.46. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Agnico Eagle Mines, assuming nothing else is changed. The correlation between historical values of Agnico Eagle's Non Current Liabilities Total 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 Non Current Liabilities Total of Agnico Eagle Mines 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 Non Current Liabilities Total i.e., Agnico Eagle's Non Current Liabilities Total and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.46
Relationship DirectionNegative 
Relationship StrengthVery Weak

Non Current Liabilities Total

Short Term Investments

Short Term Investments is an item under the current assets section of Agnico Eagle balance sheet. It contains any investments Agnico Eagle Mines undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Agnico Eagle Mines can easily liquidate in the marketplace.
Most indicators from Agnico Eagle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Agnico Eagle Mines 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 Agnico Eagle Mines. 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.
At this time, Agnico Eagle's Selling General Administrative is very stable compared to the past year. As of the 17th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Tax Provision is likely to drop about 254.1 M.
 2021 2022 2023 2024 (projected)
Operating Income1.0B1.3B1.7B1.8B
Total Revenue3.8B5.7B6.6B7.0B

Agnico Eagle fundamental ratios Correlations

0.9-0.290.850.890.890.720.640.450.220.90.870.74-0.280.93-0.09-0.140.930.870.880.390.730.90.510.89-0.36
0.9-0.350.921.01.00.550.720.670.311.00.960.74-0.460.990.08-0.160.990.990.940.390.60.980.421.0-0.48
-0.29-0.35-0.33-0.36-0.34-0.05-0.72-0.110.45-0.37-0.45-0.030.28-0.320.24-0.26-0.33-0.41-0.11-0.360.12-0.290.36-0.330.71
0.850.92-0.330.90.920.690.590.80.340.910.940.65-0.450.930.32-0.20.940.920.910.70.760.960.570.9-0.6
0.891.0-0.360.91.00.50.730.660.311.00.960.74-0.460.990.06-0.150.980.990.930.370.560.970.391.0-0.47
0.891.0-0.340.921.00.550.70.690.321.00.960.73-0.470.990.11-0.160.990.990.940.40.610.980.431.0-0.47
0.720.55-0.050.690.50.550.150.470.010.540.60.29-0.20.620.25-0.140.640.520.580.550.930.640.70.52-0.23
0.640.72-0.720.590.730.70.150.29-0.110.730.760.42-0.480.68-0.250.060.680.760.530.190.070.66-0.140.69-0.57
0.450.67-0.110.80.660.690.470.290.460.660.730.42-0.410.660.76-0.030.690.670.730.540.620.730.570.66-0.56
0.220.310.450.340.310.320.01-0.110.460.290.210.740.180.30.37-0.180.310.240.570.110.380.310.580.33-0.03
0.91.0-0.370.911.01.00.540.730.660.290.960.73-0.470.990.07-0.160.990.990.930.390.590.980.41.0-0.49
0.870.96-0.450.940.960.960.60.760.730.210.960.63-0.560.970.14-0.140.970.980.890.470.620.980.410.95-0.62
0.740.74-0.030.650.740.730.290.420.420.740.730.630.070.73-0.02-0.090.730.670.860.220.530.690.470.75-0.23
-0.28-0.460.28-0.45-0.46-0.47-0.2-0.48-0.410.18-0.47-0.560.07-0.46-0.040.54-0.46-0.52-0.28-0.19-0.12-0.51-0.02-0.450.52
0.930.99-0.320.930.990.990.620.680.660.30.990.970.73-0.460.08-0.181.00.980.940.410.670.990.470.99-0.47
-0.090.080.240.320.060.110.25-0.250.760.370.070.14-0.02-0.040.080.170.110.080.240.40.390.180.50.08-0.17
-0.14-0.16-0.26-0.2-0.15-0.16-0.140.06-0.03-0.18-0.16-0.14-0.090.54-0.180.17-0.18-0.16-0.17-0.2-0.21-0.22-0.19-0.160.04
0.930.99-0.330.940.980.990.640.680.690.310.990.970.73-0.461.00.11-0.180.980.950.440.690.990.490.99-0.49
0.870.99-0.410.920.990.990.520.760.670.240.990.980.67-0.520.980.08-0.160.980.910.420.560.980.370.98-0.52
0.880.94-0.110.910.930.940.580.530.730.570.930.890.86-0.280.940.24-0.170.950.910.420.730.950.620.94-0.36
0.390.39-0.360.70.370.40.550.190.540.110.390.470.22-0.190.410.4-0.20.440.420.420.560.480.410.37-0.57
0.730.60.120.760.560.610.930.070.620.380.590.620.53-0.120.670.39-0.210.690.560.730.560.70.840.58-0.24
0.90.98-0.290.960.970.980.640.660.730.310.980.980.69-0.510.990.18-0.220.990.980.950.480.70.520.97-0.5
0.510.420.360.570.390.430.7-0.140.570.580.40.410.47-0.020.470.5-0.190.490.370.620.410.840.520.41-0.08
0.891.0-0.330.91.01.00.520.690.660.331.00.950.75-0.450.990.08-0.160.990.980.940.370.580.970.41-0.45
-0.36-0.480.71-0.6-0.47-0.47-0.23-0.57-0.56-0.03-0.49-0.62-0.230.52-0.47-0.170.04-0.49-0.52-0.36-0.57-0.24-0.5-0.08-0.45
Click cells to compare fundamentals

Agnico Eagle Account Relationship Matchups

Agnico Eagle fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding233.3M238.2M243.1M244.7M497.3M522.2M
Total Assets8.8B9.6B10.2B23.5B28.7B30.1B
Other Current Liab55.4M131.0M89.2M137.5M7.2M6.9M
Total Current Liabilities775.6M515.7M761.8M946.4M1.0B1.1B
Total Stockholder Equity5.1B5.7B6.0B16.2B19.4B20.4B
Property Plant And Equipment Net7.0B7.3B7.6B18.5B21.2B22.3B
Net Debt1.5B1.3B1.5B834.8M1.5B1.6B
Retained Earnings(647.3M)(366.4M)(165.3M)(201.6M)963.2M1.0B
Accounts Payable345.6M363.8M414.7M672.5M317.9M333.8M
Cash321.9M402.5M185.8M658.6M338.6M216.4M
Non Current Assets Total7.6B8.4B8.9B21.3B26.5B27.8B
Non Currrent Assets Other184.9M259.3M353.2M466.9M641.0M673.1M
Cash And Short Term Investments414.2M406.5M191.1M658.6M757.4M795.3M
Short Term Investments92.3M3.9M5.3M9.9M10.2M9.7M
Liabilities And Stockholders Equity8.8B9.6B10.2B23.5B27.0B28.4B
Non Current Liabilities Total2.9B3.4B3.4B6.3B8.2B8.6B
Other Current Assets179.2M159.2M198.8M260.0M35.9M34.1M
Other Stockholder Equity217.4M212.9M228.4M220.7M253.8M241.1M
Total Liab3.7B3.9B4.2B7.3B9.3B9.7B
Property Plant And Equipment Gross7.0B7.3B14.1B26.1B32.5B34.1B
Total Current Assets1.2B1.2B1.3B2.2B2.2B2.3B
Accumulated Other Comprehensive Income(47.9M)85.3M54.3M(29.0M)(33.4M)(31.7M)
Short Term Debt374.7M20.9M258.0M136.5M156.9M164.8M
Short Long Term Debt Total1.8B1.7B1.7B1.5B1.7B1.8B
Inventory580.1M630.5M878.9M1.2B1.4B1.5B
Common Stock Total Equity5.3B5.4B5.6B5.8B6.6B3.3B
Common Stock5.6B5.8B5.9B16.3B18.7B19.6B
Net Receivables10.6M15.5M21.2M43.6M8.1M7.7M
Other Liab1.4B1.8B2.0B5.0B5.7B6.0B
Net Tangible Assets4.1B4.7B5.3B5.6B6.4B4.6B
Other Assets184.9M259.3M561.4M450.5M518.1M544.0M
Long Term Debt1.4B1.6B1.3B1.2B1.7B1.5B
Property Plant Equipment7.0B7.3B7.6B18.5B21.2B22.3B
Long Term Debt Total1.5B1.7B1.4B1.4B1.6B1.5B
Capital Lease Obligations116.8M120.3M131.4M151.3M161.5M96.3M
Non Current Liabilities Other20.5M63.3M70.3M72.6M241.8M253.9M

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When determining whether Agnico Eagle Mines is a strong investment it is important to analyze Agnico Eagle's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Agnico Eagle's future performance. For an informed investment choice regarding Agnico Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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Please note, there is a significant difference between Agnico Eagle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agnico Eagle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico Eagle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.