| AFE Stock | | | CAD 0.03 0.01 25.00% |
Africa Energy financial indicator trend analysis is way more than just evaluating Africa Energy Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Africa Energy Corp is a good investment. Please check the relationship between Africa Energy Net Receivables and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Africa Energy Corp. 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 Total Current Liabilities
Net Receivables vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Africa Energy Corp Net Receivables account and
Total Current Liabilities. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Africa Energy's Net Receivables and Total Current Liabilities is 0.16. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Africa Energy Corp, assuming nothing else is changed. The correlation between historical values of Africa Energy's Net Receivables and Total Current Liabilities 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 Africa Energy Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Receivables i.e., Africa Energy's Net Receivables and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.16 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Net Receivables
Total Current Liabilities
Total Current Liabilities is an item on Africa Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Africa Energy Corp 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.
Most indicators from Africa Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Africa Energy Corp 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 Africa Energy Corp. 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.
Enterprise Value is likely to climb to about 171.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 4
M in 2024.
Africa Energy fundamental ratios Correlations
Click cells to compare fundamentals
Africa Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Africa Energy fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Africa Stock Analysis
When running Africa Energy's price analysis, check to
measure Africa Energy'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 Africa Energy is operating at the current time. Most of Africa Energy's value examination focuses on studying past and present price action to
predict the probability of Africa Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Africa Energy's price. Additionally, you may evaluate how the addition of Africa Energy to your portfolios can decrease your overall portfolio volatility.