Arctic Average Payables vs Free Cash Flow Yield Analysis

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

Average Payables vs Free Cash Flow Yield

Average Payables vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Arctic Star Exploration Average Payables account and Free Cash Flow Yield. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Arctic Star's Average Payables and Free Cash Flow Yield is 0.41. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Arctic Star Exploration, assuming nothing else is changed. The correlation between historical values of Arctic Star's Average Payables and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Arctic Star Exploration are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Average Payables i.e., Arctic Star's Average Payables and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.41

Relationship Direction	Positive
Relationship Strength	Weak

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Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Arctic Star's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Arctic Star Exploration 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 Arctic Star Exploration. 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 climb to about 1.6 M in 2024, whereas Discontinued Operations is likely to drop (51.9 K) in 2024.

	2021	2023	2024 (projected)
Reconciled Depreciation	807.0	542.0	514.9
Minority Interest	176.9K	159.2K	174.9K

Reconciled Depreciation Minority Interest

Arctic Star fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Inventory	Other Current Assets	Other Current Liab	Short Term Investments	Net Tangible Assets	Other Assets	Common Stock	Property Plant Equipment	Long Term Investments
Total Assets		-0.36	0.55	1.0	0.98	-0.09	-0.74	0.37	0.05	0.99	-0.53	0.05	0.71	0.84	-0.53	0.55	0.53	0.65	0.27	0.43	-0.36	0.94	-0.81	0.8	0.93	-0.45
Short Long Term Debt Total	-0.36		-0.09	-0.37	-0.32	0.25	0.87	0.34	-0.16	-0.34	-0.06	-0.16	-0.24	-0.2	-0.2	-0.01	-0.32	-0.27	-0.16	-0.3	1.0	-0.22	0.41	-0.37	-0.25	0.35
Total Current Liabilities	0.55	-0.09		0.48	0.58	-0.09	-0.43	0.68	0.08	0.55	-0.68	0.08	0.37	0.35	-0.74	0.98	0.28	0.69	0.2	0.85	-0.09	0.56	-0.75	0.79	0.68	-0.67
Total Stockholder Equity	1.0	-0.37	0.48		0.97	-0.09	-0.73	0.32	0.05	0.99	-0.48	0.05	0.72	0.85	-0.47	0.47	0.54	0.61	0.26	0.36	-0.37	0.93	-0.76	0.75	0.9	-0.4
Property Plant And Equipment Net	0.98	-0.32	0.58	0.97		0.0	-0.73	0.39	-0.03	0.99	-0.58	-0.04	0.62	0.85	-0.61	0.58	0.39	0.65	0.24	0.46	-0.32	0.93	-0.82	0.84	0.96	-0.53
Net Debt	-0.09	0.25	-0.09	-0.09	0.0		0.13	-0.29	-1.0	0.02	-0.16	-1.0	0.0	0.21	-0.06	-0.04	-0.79	-0.02	-0.53	0.11	0.25	-0.14	-0.03	-0.1	-0.05	0.17
Retained Earnings	-0.74	0.87	-0.43	-0.73	-0.73	0.13		0.04	-0.04	-0.73	0.3	-0.04	-0.44	-0.57	0.22	-0.38	-0.37	-0.6	-0.23	-0.54	0.87	-0.58	0.77	-0.73	-0.65	0.59
Accounts Payable	0.37	0.34	0.68	0.32	0.39	-0.29	0.04		0.33	0.34	-0.52	0.32	0.21	0.19	-0.73	0.71	0.39	0.39	0.41	0.2	0.34	0.45	-0.4	0.49	0.49	-0.44
Cash	0.05	-0.16	0.08	0.05	-0.03	-1.0	-0.04	0.33		-0.05	0.15	1.0	-0.02	-0.24	0.04	0.04	0.77	-0.01	0.53	-0.14	-0.16	0.12	0.07	0.06	0.03	-0.14
Non Current Assets Total	0.99	-0.34	0.55	0.99	0.99	0.02	-0.73	0.34	-0.05		-0.55	-0.06	0.68	0.86	-0.55	0.55	0.42	0.66	0.22	0.45	-0.34	0.93	-0.82	0.81	0.94	-0.47
Non Currrent Assets Other	-0.53	-0.06	-0.68	-0.48	-0.58	-0.16	0.3	-0.52	0.15	-0.55		0.16	-0.25	-0.52	0.83	-0.7	-0.09	-0.73	-0.24	-0.53	-0.06	-0.48	0.72	-0.75	-0.58	0.64
Cash And Short Term Investments	0.05	-0.16	0.08	0.05	-0.04	-1.0	-0.04	0.32	1.0	-0.06	0.16		-0.03	-0.24	0.05	0.03	0.77	-0.01	0.52	-0.14	-0.16	0.12	0.07	0.06	0.02	-0.13
Net Receivables	0.71	-0.24	0.37	0.72	0.62	0.0	-0.44	0.21	-0.02	0.68	-0.25	-0.03		0.56	-0.14	0.34	0.57	0.29	0.05	0.34	-0.23	0.71	-0.41	0.4	0.61	0.09
Common Stock Shares Outstanding	0.84	-0.2	0.35	0.85	0.85	0.21	-0.57	0.19	-0.24	0.86	-0.52	-0.24	0.56		-0.47	0.42	0.25	0.52	-0.04	0.27	-0.2	0.73	-0.61	0.6	0.72	-0.35
Other Stockholder Equity	-0.53	-0.2	-0.74	-0.47	-0.61	-0.06	0.22	-0.73	0.04	-0.55	0.83	0.05	-0.14	-0.47		-0.78	-0.1	-0.7	-0.38	-0.46	-0.2	-0.46	0.71	-0.81	-0.61	0.76
Total Liab	0.55	-0.01	0.98	0.47	0.58	-0.04	-0.38	0.71	0.04	0.55	-0.7	0.03	0.34	0.42	-0.78		0.26	0.7	0.15	0.79	-0.01	0.53	-0.74	0.76	0.64	-0.67
Total Current Assets	0.53	-0.32	0.28	0.54	0.39	-0.79	-0.37	0.39	0.77	0.42	-0.09	0.77	0.57	0.25	-0.1	0.26		0.25	0.51	0.05	-0.31	0.52	-0.26	0.33	0.39	-0.12
Inventory	0.65	-0.27	0.69	0.61	0.65	-0.02	-0.6	0.39	-0.01	0.66	-0.73	-0.01	0.29	0.52	-0.7	0.7	0.25		0.35	0.62	-0.27	0.51	-0.92	0.83	0.57	-0.79
Other Current Assets	0.27	-0.16	0.2	0.26	0.24	-0.53	-0.23	0.41	0.53	0.22	-0.24	0.52	0.05	-0.04	-0.38	0.15	0.51	0.35		-0.03	-0.16	0.21	-0.34	0.43	0.24	-0.42
Other Current Liab	0.43	-0.3	0.85	0.36	0.46	0.11	-0.54	0.2	-0.14	0.45	-0.53	-0.14	0.34	0.27	-0.46	0.79	0.05	0.62	-0.03		-0.3	0.4	-0.67	0.68	0.54	-0.55
Short Term Investments	-0.36	1.0	-0.09	-0.37	-0.32	0.25	0.87	0.34	-0.16	-0.34	-0.06	-0.16	-0.23	-0.2	-0.2	-0.01	-0.31	-0.27	-0.16	-0.3		-0.22	0.41	-0.37	-0.25	0.35
Net Tangible Assets	0.94	-0.22	0.56	0.93	0.93	-0.14	-0.58	0.45	0.12	0.93	-0.48	0.12	0.71	0.73	-0.46	0.53	0.52	0.51	0.21	0.4	-0.22		-0.67	0.69	0.96	-0.32
Other Assets	-0.81	0.41	-0.75	-0.76	-0.82	-0.03	0.77	-0.4	0.07	-0.82	0.72	0.07	-0.41	-0.61	0.71	-0.74	-0.26	-0.92	-0.34	-0.67	0.41	-0.67		-0.93	-0.78	0.79
Common Stock	0.8	-0.37	0.79	0.75	0.84	-0.1	-0.73	0.49	0.06	0.81	-0.75	0.06	0.4	0.6	-0.81	0.76	0.33	0.83	0.43	0.68	-0.37	0.69	-0.93		0.82	-0.85
Property Plant Equipment	0.93	-0.25	0.68	0.9	0.96	-0.05	-0.65	0.49	0.03	0.94	-0.58	0.02	0.61	0.72	-0.61	0.64	0.39	0.57	0.24	0.54	-0.25	0.96	-0.78	0.82		-0.5
Long Term Investments	-0.45	0.35	-0.67	-0.4	-0.53	0.17	0.59	-0.44	-0.14	-0.47	0.64	-0.13	0.09	-0.35	0.76	-0.67	-0.12	-0.79	-0.42	-0.55	0.35	-0.32	0.79	-0.85	-0.5

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Arctic Star Account Relationship Matchups

Arctic Star fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.1M	4.7M	8.1M	10.0M	8.9M	7.1M
Short Long Term Debt Total	203.92	361.85	436.66	87.68	278.92	264.97
Total Current Liabilities	723.3K	655.4K	1.1M	383.7K	713.0K	593.8K
Total Stockholder Equity	4.1M	3.8M	7.0M	9.6M	8.2M	6.5M
Property Plant And Equipment Net	4.8M	4.6M	6.5M	8.6M	8.6M	6.1M
Net Debt	(16.5K)	(30.5K)	(242.4K)	(2.5K)	(28.1K)	(29.5K)
Retained Earnings	(56.9M)	(58.3M)	(60.3M)	(62.7M)	(64.3M)	(61.1M)
Accounts Payable	318.1K	106.4K	387.5K	230.2K	307.2K	273.2K
Cash	16.9K	30.5K	242.8K	2.6K	28.4K	27.0K
Non Current Assets Total	4.9M	4.7M	7.1M	9.2M	8.6M	6.5M
Non Currrent Assets Other	41.7K	44.0K	15.6K	14.4K	13.0K	12.3K
Cash And Short Term Investments	16.9K	30.5K	242.8K	2.6K	28.4K	27.0K
Net Receivables	37.4K	9.3K	735.0K	660.4K	299.4K	193.1K
Common Stock Shares Outstanding	24.9M	49.4M	103.1M	176.4M	204.0M	214.2M
Liabilities And Stockholders Equity	5.1M	4.7M	8.1M	10.0M	8.9M	7.1M
Other Stockholder Equity	407.3K	6.6M	7.6M	1.0	0.9	0.86
Total Liab	723.3K	655.4K	1.1M	383.7K	713.0K	799.0K
Total Current Assets	193.7K	60.8K	984.2K	780.0K	331.0K	546.8K
Accumulated Other Comprehensive Income	6.5M	6.6M	7.6M	7.7M	7.7M	8.1M
Other Current Assets	139.4K	21.0K	6.4K	117.0K	3.2K	3.0K
Other Current Liab	405.2K	549.0K	741.1K	153.6K	406.1K	260.4K
Net Tangible Assets	4.1M	4.1M	3.8M	7.0M	8.0M	4.1M
Common Stock	54.2M	55.6M	59.7M	64.6M	64.8M	49.3M
Property Plant Equipment	4.6M	4.9M	4.6M	6.5M	7.4M	4.0M
Current Deferred Revenue	(203.92)	(361.85)	(436.66)	(87.68)	(586.12)	(556.81)
Short Term Debt	203.92	361.85	436.66	87.68	278.92	269.28
Net Invested Capital	4.1M	3.8M	7.0M	9.6M	8.2M	6.7M
Net Working Capital	(529.6K)	(594.6K)	(144.3K)	396.2K	(382.0K)	(362.9K)
Capital Stock	54.2M	55.6M	59.7M	64.6M	64.8M	64.5M

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