Asiabasemetals Net Receivables vs Net Debt Analysis

ABZ Stock

CAD 0.08 0.03 45.45%

Asiabasemetals financial indicator trend analysis is way more than just evaluating Asiabasemetals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Asiabasemetals is a good investment. Please check the relationship between Asiabasemetals Net Receivables and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asiabasemetals. 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.

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asiabasemetals Net Receivables account and Net Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between Asiabasemetals' Net Receivables and Net Debt is 0.2. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Debt in the same time period over historical financial statements of Asiabasemetals, assuming nothing else is changed. The correlation between historical values of Asiabasemetals' Net Receivables and Net 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 Net Receivables of Asiabasemetals are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Receivables i.e., Asiabasemetals' Net Receivables and Net Debt go up and down completely randomly.

Correlation Coefficient

0.2

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Receivables

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.

Most indicators from Asiabasemetals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Asiabasemetals 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 Asiabasemetals. 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.

Selling General Administrative is likely to drop to about 78.6 K in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

Asiabasemetals fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Current Assets	Common Stock	Total Current Liabilities	Net Receivables	Other Stockholder Equity	Total Liab	Non Currrent Assets Other	Other Current Liab	Accounts Payable	Inventory	Other Current Assets	Net Tangible Assets	Property Plant Equipment	Short Long Term Debt Total	Current Deferred Revenue	Short Long Term Debt	Short Term Debt
Total Assets		0.91	0.72	-0.99	0.69	0.99	0.68	0.99	-0.46	0.99	-0.6	-0.6	-0.19	-0.04	-0.6	0.73	-0.68	0.55	-0.21	0.53	0.65	0.26	0.45	-0.44	0.45	0.45
Total Stockholder Equity	0.91		0.7	-0.9	0.85	0.91	0.63	0.91	-0.64	0.91	-0.75	-0.86	-0.35	-0.09	-0.86	0.68	-0.9	0.71	-0.3	0.58	0.81	0.51	0.56	-0.55	0.56	0.56
Property Plant And Equipment Net	0.72	0.7		-0.63	0.73	0.64	0.99	0.64	-0.58	0.62	-0.68	-0.45	-0.31	-0.23	-0.45	0.99	-0.53	0.55	-0.39	0.38	0.29	0.49	0.54	-0.54	0.54	0.54
Net Debt	-0.99	-0.9	-0.63		-0.65	-1.0	-0.59	-1.0	0.42	-1.0	0.55	0.58	0.2	-0.03	0.58	-0.64	0.66	-0.52	0.15	-0.48	-0.69	-0.2	-0.4	0.4	-0.4	-0.4
Retained Earnings	0.69	0.85	0.73	-0.65		0.66	0.64	0.66	-0.91	0.65	-0.95	-0.81	-0.52	-0.16	-0.81	0.7	-0.81	0.88	-0.56	0.55	0.6	0.83	0.8	-0.8	0.8	0.8
Cash	0.99	0.91	0.64	-1.0	0.66		0.6	1.0	-0.44	1.0	-0.57	-0.59	-0.21	0.04	-0.59	0.64	-0.67	0.54	-0.18	0.48	0.7	0.23	0.42	-0.41	0.42	0.42
Non Current Assets Total	0.68	0.63	0.99	-0.59	0.64	0.6		0.6	-0.49	0.57	-0.6	-0.36	-0.22	-0.25	-0.36	0.99	-0.44	0.45	-0.34	0.34	0.2	0.4	0.48	-0.48	0.48	0.48
Cash And Short Term Investments	0.99	0.91	0.64	-1.0	0.66	1.0	0.6		-0.44	1.0	-0.57	-0.59	-0.21	0.04	-0.59	0.64	-0.67	0.54	-0.18	0.48	0.7	0.23	0.42	-0.41	0.42	0.42
Common Stock Shares Outstanding	-0.46	-0.64	-0.58	0.42	-0.91	-0.44	-0.49	-0.44		-0.43	0.98	0.66	0.47	0.17	0.66	-0.55	0.63	-0.82	0.6	-0.41	-0.43	-0.87	-0.85	0.82	-0.85	-0.85
Total Current Assets	0.99	0.91	0.62	-1.0	0.65	1.0	0.57	1.0	-0.43		-0.56	-0.6	-0.17	0.01	-0.6	0.62	-0.68	0.53	-0.17	0.53	0.69	0.21	0.41	-0.4	0.41	0.41
Common Stock	-0.6	-0.75	-0.68	0.55	-0.95	-0.57	-0.6	-0.57	0.98	-0.56		0.71	0.48	0.18	0.71	-0.66	0.71	-0.83	0.56	-0.51	-0.51	-0.85	-0.82	0.79	-0.82	-0.82
Total Current Liabilities	-0.6	-0.86	-0.45	0.58	-0.81	-0.59	-0.36	-0.59	0.66	-0.6	0.71		0.4	0.11	1.0	-0.41	0.98	-0.74	0.33	-0.53	-0.77	-0.66	-0.53	0.52	-0.53	-0.53
Net Receivables	-0.19	-0.35	-0.31	0.2	-0.52	-0.21	-0.22	-0.21	0.47	-0.17	0.48	0.4		-0.03	0.4	-0.3	0.35	-0.52	0.12	-0.06	-0.56	-0.54	-0.31	0.32	-0.31	-0.31
Other Stockholder Equity	-0.04	-0.09	-0.23	-0.03	-0.16	0.04	-0.25	0.04	0.17	0.01	0.18	0.11	-0.03		0.11	-0.28	0.05	-0.16	-0.05	-0.58	0.08	-0.02	-0.35	0.35	-0.35	-0.35
Total Liab	-0.6	-0.86	-0.45	0.58	-0.81	-0.59	-0.36	-0.59	0.66	-0.6	0.71	1.0	0.4	0.11		-0.41	0.98	-0.74	0.33	-0.53	-0.77	-0.66	-0.53	0.52	-0.53	-0.53
Non Currrent Assets Other	0.73	0.68	0.99	-0.64	0.7	0.64	0.99	0.64	-0.55	0.62	-0.66	-0.41	-0.3	-0.28	-0.41		-0.48	0.51	-0.35	0.38	0.3	0.43	0.56	-0.56	0.56	0.56
Other Current Liab	-0.68	-0.9	-0.53	0.66	-0.81	-0.67	-0.44	-0.67	0.63	-0.68	0.71	0.98	0.35	0.05	0.98	-0.48		-0.74	0.35	-0.52	-0.77	-0.66	-0.48	0.47	-0.48	-0.48
Accounts Payable	0.55	0.71	0.55	-0.52	0.88	0.54	0.45	0.54	-0.82	0.53	-0.83	-0.74	-0.52	-0.16	-0.74	0.51	-0.74		-0.73	0.46	0.59	0.8	0.8	-0.8	0.8	0.8
Inventory	-0.21	-0.3	-0.39	0.15	-0.56	-0.18	-0.34	-0.18	0.6	-0.17	0.56	0.33	0.12	-0.05	0.33	-0.35	0.35	-0.73		-0.2	-0.12	-0.62	-0.73	0.73	-0.73	-0.73
Other Current Assets	0.53	0.58	0.38	-0.48	0.55	0.48	0.34	0.48	-0.41	0.53	-0.51	-0.53	-0.06	-0.58	-0.53	0.38	-0.52	0.46	-0.2		0.37	0.3	0.43	-0.42	0.43	0.43
Net Tangible Assets	0.65	0.81	0.29	-0.69	0.6	0.7	0.2	0.7	-0.43	0.69	-0.51	-0.77	-0.56	0.08	-0.77	0.3	-0.77	0.59	-0.12	0.37		0.38	0.33	-0.33	0.33	0.33
Property Plant Equipment	0.26	0.51	0.49	-0.2	0.83	0.23	0.4	0.23	-0.87	0.21	-0.85	-0.66	-0.54	-0.02	-0.66	0.43	-0.66	0.8	-0.62	0.3	0.38		0.63	-0.61	0.63	0.63
Short Long Term Debt Total	0.45	0.56	0.54	-0.4	0.8	0.42	0.48	0.42	-0.85	0.41	-0.82	-0.53	-0.31	-0.35	-0.53	0.56	-0.48	0.8	-0.73	0.43	0.33	0.63		-0.99	1.0	1.0
Current Deferred Revenue	-0.44	-0.55	-0.54	0.4	-0.8	-0.41	-0.48	-0.41	0.82	-0.4	0.79	0.52	0.32	0.35	0.52	-0.56	0.47	-0.8	0.73	-0.42	-0.33	-0.61	-0.99		-0.99	-0.99
Short Long Term Debt	0.45	0.56	0.54	-0.4	0.8	0.42	0.48	0.42	-0.85	0.41	-0.82	-0.53	-0.31	-0.35	-0.53	0.56	-0.48	0.8	-0.73	0.43	0.33	0.63	1.0	-0.99		1.0
Short Term Debt	0.45	0.56	0.54	-0.4	0.8	0.42	0.48	0.42	-0.85	0.41	-0.82	-0.53	-0.31	-0.35	-0.53	0.56	-0.48	0.8	-0.73	0.43	0.33	0.63	1.0	-0.99	1.0

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Asiabasemetals Account Relationship Matchups

Asiabasemetals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	169.2K	106.3K	82.5K	20.8K	18.7K	17.8K
Total Stockholder Equity	(310.3K)	(251.4K)	(91.8K)	(394.7K)	(355.2K)	(337.5K)
Net Debt	(116.7K)	(65.5K)	(40.2K)	(1.5K)	(1.7K)	(1.8K)
Retained Earnings	(5.5M)	(5.8M)	(6.1M)	(6.8M)	(6.1M)	(5.8M)
Cash	116.7K	65.5K	40.2K	1.5K	1.3K	1.3K
Non Current Assets Total	23.2K	33.2K	21.7K	13.5K	12.1K	11.5K
Cash And Short Term Investments	116.7K	65.5K	40.2K	1.5K	1.3K	1.3K
Common Stock Shares Outstanding	42.1M	44.5M	46.8M	49.2M	56.6M	29.7M
Liabilities And Stockholders Equity	169.2K	106.3K	82.5K	20.8K	18.7K	17.8K
Total Current Assets	147.5K	84.6K	60.8K	7.3K	6.6K	6.3K
Common Stock	3.9M	4.2M	4.6M	4.7M	5.4M	3.1M
Total Current Liabilities	479.4K	357.7K	174.3K	415.5K	477.8K	501.7K
Net Receivables	17.0K	14.3K	20.7K	5.8K	6.7K	10.3K
Other Stockholder Equity	761.6K	980.3K	1.3M	1.4M	1.6M	1.5M
Total Liab	479.4K	357.7K	174.3K	415.5K	477.8K	501.7K
Other Current Liab	479.3K	357.4K	174.2K	415.4K	477.7K	501.6K
Accounts Payable	168.36	261.75	91.05	135.34	121.81	115.72
Accumulated Other Comprehensive Income	980.3K	1.3M	1.4M	1.7M	2.0M	2.1M
Other Current Assets	13.8K	4.8K	20.65	5.83	5.25	4.98
Net Tangible Assets	(3.5K)	(310.3K)	(251.4K)	(91.8K)	(82.6K)	(78.5K)
Net Invested Capital	(310.3K)	(251.4K)	(91.8K)	(394.7K)	(355.2K)	(337.5K)
Net Working Capital	(331.9K)	(273.1K)	(113.5K)	(408.2K)	(367.4K)	(349.0K)
Capital Stock	3.9M	4.2M	4.6M	4.7M	5.4M	4.3M

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