Adriatic Net Working Capital vs Cash And Short Term Investments Analysis

ADT1 Stock   211.50  3.50  1.68%   
Adriatic Metals financial indicator trend analysis is way more than just evaluating Adriatic Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adriatic Metals is a good investment. Please check the relationship between Adriatic Metals Net Working Capital and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adriatic Metals. 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 Working Capital vs Cash And Short Term Investments

Net Working Capital vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adriatic Metals Net Working Capital account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Adriatic Metals' Net Working Capital and Cash And Short Term Investments is 0.77. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Adriatic Metals, assuming nothing else is changed. The correlation between historical values of Adriatic Metals' Net Working Capital and Cash And Short Term Investments 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 Working Capital of Adriatic Metals are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Working Capital i.e., Adriatic Metals' Net Working Capital and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Working Capital

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Adriatic Metals balance sheet. This account contains Adriatic Metals investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Adriatic Metals fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Adriatic Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adriatic Metals 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 Adriatic Metals. 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 gain to about 10.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 28.1 M in 2024.
 2020 2022 2023 2024 (projected)
Reconciled Depreciation175.2K1.3M866.1K462.1K
Cost Of Revenue236.5K1.3M866.1K482.3K

Adriatic Metals fundamental ratios Correlations

0.360.840.810.970.950.31-0.950.840.70.950.760.740.840.930.870.780.340.970.91.00.760.270.690.860.97
0.36-0.080.750.520.08-0.71-0.07-0.130.870.080.830.410.460.00.38-0.150.950.5-0.030.270.810.790.380.520.18
0.84-0.080.390.690.960.74-0.881.00.230.960.320.440.510.940.620.99-0.10.70.980.880.29-0.30.40.520.83
0.810.750.390.920.6-0.28-0.660.380.970.60.990.830.90.560.830.30.740.910.50.760.990.740.780.940.73
0.970.520.690.920.850.08-0.880.690.840.850.880.810.90.830.910.610.51.00.780.950.890.490.760.920.93
0.950.080.960.60.850.58-0.970.960.451.00.530.610.70.990.770.930.070.860.990.970.52-0.030.560.710.95
0.31-0.710.74-0.280.080.58-0.520.76-0.460.59-0.37-0.08-0.040.620.080.79-0.720.110.680.39-0.38-0.79-0.08-0.060.41
-0.95-0.07-0.88-0.66-0.88-0.97-0.52-0.9-0.5-0.97-0.57-0.69-0.78-0.98-0.82-0.83-0.06-0.89-0.95-0.97-0.58-0.1-0.64-0.78-0.99
0.84-0.131.00.380.690.960.76-0.90.220.970.30.450.520.960.630.99-0.140.70.990.880.29-0.290.410.520.85
0.70.870.230.970.840.45-0.46-0.50.220.450.990.750.810.40.740.150.850.820.340.640.990.830.70.850.59
0.950.080.960.60.851.00.59-0.970.970.450.520.610.690.990.770.930.060.860.990.970.52-0.040.560.70.95
0.760.830.320.990.880.53-0.37-0.570.30.990.520.790.860.470.780.240.810.860.420.70.990.770.740.90.65
0.740.410.440.830.810.61-0.08-0.690.450.750.610.790.890.580.930.390.450.780.530.720.790.520.980.940.71
0.840.460.510.90.90.7-0.04-0.780.520.810.690.860.890.680.930.430.530.90.620.810.870.570.830.960.82
0.930.00.940.560.830.990.62-0.980.960.40.990.470.580.680.740.91-0.030.840.990.960.48-0.040.530.680.96
0.870.380.620.830.910.770.08-0.820.630.740.770.780.930.930.740.560.460.90.70.860.790.430.90.910.84
0.78-0.150.990.30.610.930.79-0.830.990.150.930.240.390.430.910.56-0.170.620.960.820.2-0.390.350.450.77
0.340.95-0.10.740.50.07-0.72-0.06-0.140.850.060.810.450.53-0.030.46-0.170.49-0.060.250.790.780.440.520.16
0.970.50.70.911.00.860.11-0.890.70.820.860.860.780.90.840.90.620.490.790.950.870.470.730.910.94
0.9-0.030.980.50.780.990.68-0.950.990.340.990.420.530.620.990.70.96-0.060.790.940.41-0.150.480.620.92
1.00.270.880.760.950.970.39-0.970.880.640.970.70.720.810.960.860.820.250.950.940.70.190.660.830.98
0.760.810.290.990.890.52-0.38-0.580.290.990.520.990.790.870.480.790.20.790.870.410.70.810.740.90.67
0.270.79-0.30.740.49-0.03-0.79-0.1-0.290.83-0.040.770.520.57-0.040.43-0.390.780.47-0.150.190.810.50.590.22
0.690.380.40.780.760.56-0.08-0.640.410.70.560.740.980.830.530.90.350.440.730.480.660.740.50.890.66
0.860.520.520.940.920.71-0.06-0.780.520.850.70.90.940.960.680.910.450.520.910.620.830.90.590.890.82
0.970.180.830.730.930.950.41-0.990.850.590.950.650.710.820.960.840.770.160.940.920.980.670.220.660.82
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Adriatic Metals Account Relationship Matchups

Adriatic Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.2M26.9M177.2M174.7M290.9M305.4M
Other Current Liab(49.8K)(308.7K)4.4M170.2K195.8K186.0K
Total Current Liabilities221.3K852.9K5.6M7.7M76.5M80.3M
Total Stockholder Equity13.0M25.7M152.4M107.9M110.7M65.9M
Net Tangible Assets10.2M20.9M113.5M107.9M124.1M130.3M
Property Plant And Equipment Net5.4M12.6M62.5M95.3M229.6M241.0M
Net Debt(6.8M)(11.9M)(95.7M)(9.9M)95.9M100.7M
Retained Earnings(5.9M)(12.5M)(28.7M)(73.7M)(100.3M)(95.3M)
Accounts Payable134.0K574.3K526.5K2.6M13.7M14.4M
Cash6.8M12.2M112.5M60.6M44.9M38.3M
Non Current Assets Total5.9M12.6M62.5M95.3M231.2M242.8M
Cash And Short Term Investments6.8M13.8M112.5M60.6M69.7M36.7M
Common Stock Shares Outstanding162.5K185.6M245.7M282.2M292.7M171.5M
Liabilities And Stockholders Equity13.2M26.9M177.2M174.7M200.9M211.0M
Non Current Liabilities Total134.0K314.0K19.2M59.1M103.7M108.9M
Other Current Assets(291.8K)451.5K1.6M1.01.151.09
Other Stockholder Equity(7.0M)35.3M175.9M176.3M202.7M212.9M
Total Liab221.3K1.2M24.8M66.8M180.2M189.2M
Net Invested Capital10.2M20.9M125.4M150.4M251.5M264.0M
Total Current Assets7.3M14.3M114.7M79.4M59.6M44.3M
Net Working Capital5.6M10.9M80.7M71.7M(16.8M)(16.0M)
Common Stock2.5M3.0M5.3M5.4M6.2M3.6M
Property Plant Equipment4.7M10.2M47.1M95.3M109.6M115.1M

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