| AKT-A Stock | | | CAD 1.68 0.08 5.00% |
AKITA Drilling financial indicator trend analysis is way more than just evaluating AKITA Drilling prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AKITA Drilling is a good investment. Please check the relationship between AKITA Drilling Total Assets and its Net Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in AKITA Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Total Assets vs Net Debt
Total Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
AKITA Drilling Total Assets account and
Net Debt. At this time, the significance of the direction appears to have weak relationship.
The correlation between AKITA Drilling's Total Assets and Net Debt is 0.37. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of AKITA Drilling, assuming nothing else is changed. The correlation between historical values of AKITA Drilling's Total Assets 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 Total Assets of AKITA Drilling 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 Total Assets i.e., AKITA Drilling's Total Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.37 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of AKITA Drilling assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in AKITA Drilling books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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 AKITA Drilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AKITA Drilling 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 AKITA Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Tax Provision is likely to gain to about 157
K in 2025.
Selling General Administrative is likely to gain to about 14.6
M in 2025
AKITA Drilling fundamental ratios Correlations
Click cells to compare fundamentals
AKITA Drilling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AKITA Drilling fundamental ratios Accounts
Additional Tools for AKITA Stock Analysis
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