Atlas Net Debt vs Cash Analysis
| ATLX Stock | USD 15.67 0.09 0.57% |
Atlas Lithium financial indicator trend analysis is way more than just evaluating Atlas Lithium prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atlas Lithium is a good investment. Please check the relationship between Atlas Lithium Net Debt and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlas Lithium. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Atlas Stock please use our How to Invest in Atlas Lithium guide.
Net Debt vs Cash
Net Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atlas Lithium Net Debt account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Atlas Lithium's Net Debt and Cash is -1.0. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Atlas Lithium, assuming nothing else is changed. The correlation between historical values of Atlas Lithium's Net Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Atlas Lithium are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Atlas Lithium's Net Debt and Cash go up and down completely randomly.
Correlation Coefficient | -1.0 |
| Relationship Direction | Negative |
| Relationship Strength | Strong |
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.Cash
Cash refers to the most liquid asset of Atlas Lithium, which is listed under current asset account on Atlas Lithium balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Atlas Lithium customers. The amounts must be unrestricted with restricted cash listed in a different Atlas Lithium account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Atlas Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atlas Lithium 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 Atlas Lithium. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Atlas Stock please use our How to Invest in Atlas Lithium guide.At this time, Atlas Lithium's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 22.9 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (0.01) in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 10.2K | 6.8K | 620.0 | 589.0 | Interest Expense | 253.6K | 155.8K | 179.2K | 170.2K |
Atlas Lithium fundamental ratios Correlations
Click cells to compare fundamentals
Atlas Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Atlas Lithium fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.0M | 951.9K | 1.6M | 5.7M | 43.7M | 45.9M | |
| Total Stockholder Equity | (2.8M) | (3.5M) | (1.1M) | 1.7M | 8.9M | 9.3M | |
| Retained Earnings | (51.0M) | (52.2M) | (55.0M) | (59.6M) | (101.7M) | (96.6M) | |
| Non Current Assets Total | 832.7K | 646.7K | 1.5M | 5.3M | 14.0M | 14.7M | |
| Cash And Short Term Investments | 151.1K | 253.6K | 22.8K | 280.5K | 29.5M | 31.0M | |
| Common Stock Shares Outstanding | 1.1M | 1.7M | 3.7M | 4.6M | 10.1M | 10.6M | |
| Liabilities And Stockholders Equity | 1.0M | 951.9K | 1.6M | 5.7M | 43.7M | 45.9M | |
| Other Stockholder Equity | 47.7M | 47.5M | 51.5M | 62.3M | 111.7M | 56.1M | |
| Total Current Assets | 193.8K | 305.1K | 57.9K | 345.4K | 29.7M | 31.2M | |
| Common Stock | 1.1M | 2.0M | 3.1M | 5.1K | 12.8K | 12.1K | |
| Short Long Term Debt Total | 1.5M | 1.7M | 10.2K | 21.5K | 10.2M | 10.7M | |
| Other Current Liab | 496.4K | 324.4K | 678.2K | 2.4M | 1.0M | 920.0K | |
| Total Current Liabilities | 2.2M | 2.3M | 998.4K | 2.8M | 5.7M | 6.0M | |
| Property Plant And Equipment Net | 172.8K | 89.3K | 53.9K | 217.6K | 6.9M | 7.2M | |
| Net Debt | 1.4M | 1.4M | (12.6K) | (259.0K) | (19.3M) | (18.4M) | |
| Cash | 151.1K | 253.6K | 22.8K | 280.5K | 29.5M | 31.0M | |
| Net Receivables | 22.9K | 37.8K | 17.9K | 17.8K | 50.8K | 40.7K | |
| Inventory | 15.1K | 11.7K | 0.0 | (17.7K) | (15.9K) | (15.1K) | |
| Total Liab | 2.3M | 2.4M | 1.1M | 2.9M | 34.4M | 36.1M | |
| Accumulated Other Comprehensive Income | (581.0K) | (775.1K) | (712.8K) | (981.0K) | (1.1M) | (1.1M) | |
| Short Term Debt | 1.5M | 1.7M | 10.2K | 21.5K | 182.0K | 172.9K | |
| Accounts Payable | 141.9K | 327.7K | 310.0K | 408.9K | 3.4M | 3.6M | |
| Non Current Liabilities Total | 192.7K | 121.3K | 108.9K | 79.0K | 28.7M | 30.1M | |
| Other Current Assets | 4.8K | 2.0K | 17.2K | 64.8K | 113.9K | 119.6K | |
| Short Term Investments | 4.8K | 2.0K | 17.2K | 47.1K | 54.2K | 56.9K | |
| Net Invested Capital | (1.3M) | (1.8M) | (1.1M) | 1.7M | 18.7M | 19.6M | |
| Short Long Term Debt | 1.5M | 1.7M | 10.2K | 21.5K | 67.0K | 63.7K | |
| Capital Stock | 1.1M | 2.0M | 3.1M | 5.3K | 12.8K | 12.1K | |
| Non Current Liabilities Other | 192.7K | 121.3K | 108.9K | 79.0K | 71.1K | 110.4K | |
| Net Working Capital | (2.0M) | (2.0M) | (940.5K) | (2.5M) | 24.0M | 25.2M |
Pair Trading with Atlas Lithium
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 Atlas Lithium 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 Atlas Lithium will appreciate offsetting losses from the drop in the long position's value.Moving against Atlas Stock
| 0.59 | BVN | Compania de Minas | PairCorr |
| 0.55 | GROY | Gold Royalty Corp | PairCorr |
| 0.46 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
| 0.44 | PPTA | Perpetua Resources Corp | PairCorr |
The ability to find closely correlated positions to Atlas Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlas Lithium 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 Atlas Lithium - 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 Atlas Lithium to buy it.
The correlation of Atlas Lithium 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 Atlas Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlas Lithium 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 Atlas Lithium 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 Atlas Lithium. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Atlas Stock please use our How to Invest in Atlas Lithium guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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When running Atlas Lithium's price analysis, check to measure Atlas Lithium's 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 Atlas Lithium is operating at the current time. Most of Atlas Lithium's value examination focuses on studying past and present price action to predict the probability of Atlas Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlas Lithium's price. Additionally, you may evaluate how the addition of Atlas Lithium to your portfolios can decrease your overall portfolio volatility.
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Is Atlas Lithium's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Atlas Lithium. If investors know Atlas will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Atlas Lithium listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.11) | Quarterly Revenue Growth (0.46) | Return On Assets (1.08) | Return On Equity (7.03) |
The market value of Atlas Lithium is measured differently than its book value, which is the value of Atlas that is recorded on the company's balance sheet. Investors also form their own opinion of Atlas Lithium's value that differs from its market value or its book value, called intrinsic value, which is Atlas Lithium's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Atlas Lithium's market value can be influenced by many factors that don't directly affect Atlas Lithium's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atlas Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atlas Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atlas Lithium'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.