Agnico Total Current Liabilities vs Retained Earnings Analysis
AEM Stock | CAD 95.44 1.74 1.86% |
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 Total Current Liabilities and its Retained Earnings 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.
Total Current Liabilities vs Retained Earnings
Total Current Liabilities vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Agnico Eagle Mines Total Current Liabilities account and Retained Earnings. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Agnico Eagle's Total Current Liabilities and Retained Earnings is 0.59. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Retained Earnings 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 Total Current Liabilities and Retained Earnings 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 Liabilities of Agnico Eagle Mines are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Liabilities i.e., Agnico Eagle's Total Current Liabilities and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Agnico Eagle balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Agnico Eagle Mines are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.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 20th 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 Income | 1.0B | 1.3B | 1.7B | 1.8B | Total Revenue | 3.8B | 5.7B | 6.6B | 7.0B |
Agnico Eagle fundamental ratios Correlations
Click cells to compare fundamentals
Agnico Eagle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Agnico Eagle fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 233.3M | 238.2M | 243.1M | 244.7M | 497.3M | 522.2M | |
Total Assets | 8.8B | 9.6B | 10.2B | 23.5B | 28.7B | 30.1B | |
Other Current Liab | 55.4M | 131.0M | 89.2M | 137.5M | 7.2M | 6.9M | |
Total Current Liabilities | 775.6M | 515.7M | 761.8M | 946.4M | 1.0B | 1.1B | |
Total Stockholder Equity | 5.1B | 5.7B | 6.0B | 16.2B | 19.4B | 20.4B | |
Property Plant And Equipment Net | 7.0B | 7.3B | 7.6B | 18.5B | 21.2B | 22.3B | |
Net Debt | 1.5B | 1.3B | 1.5B | 834.8M | 1.5B | 1.6B | |
Retained Earnings | (647.3M) | (366.4M) | (165.3M) | (201.6M) | 963.2M | 1.0B | |
Accounts Payable | 345.6M | 363.8M | 414.7M | 672.5M | 317.9M | 333.8M | |
Cash | 321.9M | 402.5M | 185.8M | 658.6M | 338.6M | 216.4M | |
Non Current Assets Total | 7.6B | 8.4B | 8.9B | 21.3B | 26.5B | 27.8B | |
Non Currrent Assets Other | 184.9M | 259.3M | 353.2M | 466.9M | 641.0M | 673.1M | |
Cash And Short Term Investments | 414.2M | 406.5M | 191.1M | 658.6M | 757.4M | 795.3M | |
Short Term Investments | 92.3M | 3.9M | 5.3M | 9.9M | 10.2M | 9.7M | |
Liabilities And Stockholders Equity | 8.8B | 9.6B | 10.2B | 23.5B | 27.0B | 28.4B | |
Non Current Liabilities Total | 2.9B | 3.4B | 3.4B | 6.3B | 8.2B | 8.6B | |
Other Current Assets | 179.2M | 159.2M | 198.8M | 260.0M | 35.9M | 34.1M | |
Other Stockholder Equity | 217.4M | 212.9M | 228.4M | 220.7M | 253.8M | 241.1M | |
Total Liab | 3.7B | 3.9B | 4.2B | 7.3B | 9.3B | 9.7B | |
Property Plant And Equipment Gross | 7.0B | 7.3B | 14.1B | 26.1B | 32.5B | 34.1B | |
Total Current Assets | 1.2B | 1.2B | 1.3B | 2.2B | 2.2B | 2.3B | |
Accumulated Other Comprehensive Income | (47.9M) | 85.3M | 54.3M | (29.0M) | (33.4M) | (31.7M) | |
Short Term Debt | 374.7M | 20.9M | 258.0M | 136.5M | 156.9M | 164.8M | |
Short Long Term Debt Total | 1.8B | 1.7B | 1.7B | 1.5B | 1.7B | 1.8B | |
Inventory | 580.1M | 630.5M | 878.9M | 1.2B | 1.4B | 1.5B | |
Common Stock Total Equity | 5.3B | 5.4B | 5.6B | 5.8B | 6.6B | 3.3B | |
Common Stock | 5.6B | 5.8B | 5.9B | 16.3B | 18.7B | 19.6B | |
Net Receivables | 10.6M | 15.5M | 21.2M | 43.6M | 8.1M | 7.7M | |
Other Liab | 1.4B | 1.8B | 2.0B | 5.0B | 5.7B | 6.0B | |
Net Tangible Assets | 4.1B | 4.7B | 5.3B | 5.6B | 6.4B | 4.6B | |
Other Assets | 184.9M | 259.3M | 561.4M | 450.5M | 518.1M | 544.0M | |
Long Term Debt | 1.4B | 1.6B | 1.3B | 1.2B | 1.7B | 1.5B | |
Property Plant Equipment | 7.0B | 7.3B | 7.6B | 18.5B | 21.2B | 22.3B | |
Long Term Debt Total | 1.5B | 1.7B | 1.4B | 1.4B | 1.6B | 1.5B | |
Capital Lease Obligations | 116.8M | 120.3M | 131.4M | 151.3M | 161.5M | 96.3M | |
Non Current Liabilities Other | 20.5M | 63.3M | 70.3M | 72.6M | 241.8M | 253.9M |
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