| 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 Current 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 Current Assets vs Net Debt
Total Current 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 Current Assets account and
Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between AKITA Drilling's Total Current Assets and Net Debt is -0.14. Overlapping area represents the amount of variation of Total Current 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 Current 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 Current 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 Current Assets i.e., AKITA Drilling's Total Current Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.14 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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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