Big Total Current Liabilities vs Short Term Debt Analysis
BRAU Stock | CAD 0.09 0.01 12.50% |
Big Ridge financial indicator trend analysis is way more than just evaluating Big Ridge Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Big Ridge Gold is a good investment. Please check the relationship between Big Ridge Total Current Liabilities and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Big Ridge Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
Total Current Liabilities vs Short Term Debt
Total Current Liabilities vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Big Ridge Gold Total Current Liabilities account and Short Term Debt. At this time, the significance of the direction appears to have no relationship.
The correlation between Big Ridge's Total Current Liabilities and Short Term Debt is 0.0. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Big Ridge Gold, assuming nothing else is changed. The correlation between historical values of Big Ridge's Total Current Liabilities and Short Term 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 Total Current Liabilities of Big Ridge Gold are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Total Current Liabilities i.e., Big Ridge's Total Current Liabilities and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.0 |
Relationship Direction | Flat |
Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on Big Ridge balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Big Ridge Gold 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.Short Term Debt
Most indicators from Big Ridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Big Ridge Gold 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 Big Ridge Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. At this time, Big Ridge's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 12.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 577 K in 2024.
Big Ridge fundamental ratios Correlations
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Big Ridge Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Big Ridge fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.8M | 13.0M | 6.2M | 5.4M | 6.2M | 4.9M | |
Other Current Liab | 94.2K | 25K | 110.4K | 72.3K | 65.0K | 57.2K | |
Total Current Liabilities | 79.4K | 183.1K | 1.9M | 491.6K | 565.3K | 593.6K | |
Total Stockholder Equity | 4.7M | 12.8M | 4.0M | 4.8M | 5.5M | 4.6M | |
Net Debt | (140.0K) | (8.3M) | (2.0M) | (88.4K) | (79.5K) | (83.5K) | |
Retained Earnings | (22.0M) | (23.1M) | (35.9M) | (39.5M) | (35.6M) | (33.8M) | |
Accounts Payable | 54.4K | 183.1K | 1.8M | 419.3K | 482.2K | 506.3K | |
Cash | 140.0K | 8.3M | 2.0M | 88.4K | 101.6K | 96.6K | |
Cash And Short Term Investments | 394.4K | 8.8M | 2.1M | 95.9K | 110.3K | 104.7K | |
Net Receivables | 16.1K | 49.4K | 385.1K | 25.8K | 29.7K | 28.2K | |
Liabilities And Stockholders Equity | 4.8M | 13.0M | 6.2M | 5.4M | 6.2M | 4.9M | |
Total Liab | 79.4K | 185.3K | 2.2M | 641.7K | 738.0K | 774.9K | |
Total Current Assets | 2.7M | 8.9M | 2.5M | 123.4K | 141.9K | 134.8K | |
Short Term Investments | 254.3K | 530.6K | 94.0K | 7.5K | 6.8K | 6.4K | |
Other Current Assets | 8.2K | 7.8K | 41.9K | 1.7K | 1.5K | 1.5K | |
Net Tangible Assets | 3.2M | 4.7M | 12.8M | 4.0M | 4.6M | 5.9M | |
Net Invested Capital | 4.7M | 12.8M | 4.0M | 4.8M | 5.5M | 5.8M | |
Net Working Capital | 2.6M | 8.7M | 612.4K | (368.2K) | (331.4K) | (314.8K) | |
Common Stock | 21.9M | 32.8M | 36.4M | 40.4M | 46.4M | 30.8M | |
Capital Stock | 21.9M | 32.8M | 36.4M | 40.4M | 46.4M | 33.7M |
Pair Trading with Big Ridge
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 Big Ridge 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 Big Ridge will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Big Ridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Big Ridge 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 Big Ridge - 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 Big Ridge Gold to buy it.
The correlation of Big Ridge 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 Big Ridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Big Ridge Gold 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 Big Ridge 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 Big Ridge Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. Note that the Big Ridge Gold information on this page should be used as a complementary analysis to other Big Ridge's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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When running Big Ridge's price analysis, check to measure Big Ridge'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 Big Ridge is operating at the current time. Most of Big Ridge's value examination focuses on studying past and present price action to predict the probability of Big Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Big Ridge's price. Additionally, you may evaluate how the addition of Big Ridge to your portfolios can decrease your overall portfolio volatility.
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