Alvopetro Cash vs Common Stock Shares Outstanding Analysis

ALV Stock  CAD 5.10  0.23  4.72%   
Alvopetro Energy financial indicator trend analysis is way more than just evaluating Alvopetro Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alvopetro Energy is a good investment. Please check the relationship between Alvopetro Energy Cash and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alvopetro Energy. 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.

Cash vs Common Stock Shares Outstanding

Cash vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alvopetro Energy Cash account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Alvopetro Energy's Cash and Common Stock Shares Outstanding is -0.17. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Alvopetro Energy, assuming nothing else is changed. The correlation between historical values of Alvopetro Energy's Cash and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Alvopetro Energy are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Cash i.e., Alvopetro Energy's Cash and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.17
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cash

Cash refers to the most liquid asset of Alvopetro Energy, which is listed under current asset account on Alvopetro Energy balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Alvopetro Energy customers. The amounts must be unrestricted with restricted cash listed in a different Alvopetro Energy account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Alvopetro Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alvopetro Energy 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 Alvopetro Energy. 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.
At this time, Alvopetro Energy's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 4.43 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 418.9 K in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses5.2M5.9M5.7M4.8M
Cost Of Revenue14.8M15.0M13.5M14.2M

Alvopetro Energy fundamental ratios Correlations

0.470.360.960.5-0.80.890.46-0.070.890.180.160.240.060.40.920.070.020.180.480.33-0.160.340.120.13-0.17
0.470.710.380.72-0.110.170.77-0.250.170.230.350.240.110.560.21-0.16-0.32-0.030.690.5-0.190.74-0.130.27-0.22
0.360.710.230.820.060.060.83-0.280.060.820.790.36-0.040.720.14-0.5-0.480.490.80.11-0.80.84-0.270.680.01
0.960.380.230.39-0.90.940.310.010.940.04-0.040.020.180.170.950.110.060.090.320.37-0.040.180.050.05-0.08
0.50.720.820.390.020.110.96-0.140.110.640.720.480.060.750.18-0.58-0.690.090.630.18-0.530.93-0.440.720.11
-0.8-0.110.06-0.90.02-0.970.09-0.07-0.970.20.360.25-0.130.2-0.95-0.4-0.41-0.14-0.07-0.28-0.150.19-0.270.20.08
0.890.170.060.940.11-0.970.050.01.0-0.06-0.17-0.010.040.030.990.280.290.170.150.240.04-0.070.25-0.12-0.13
0.460.770.830.310.960.090.05-0.180.050.630.720.560.040.820.13-0.43-0.580.160.760.26-0.520.97-0.240.660.02
-0.07-0.25-0.280.01-0.14-0.070.0-0.180.0-0.28-0.28-0.18-0.32-0.26-0.030.27-0.01-0.29-0.230.070.28-0.21-0.02-0.110.84
0.890.170.060.940.11-0.971.00.050.0-0.06-0.17-0.010.040.030.990.280.290.170.150.240.04-0.070.25-0.12-0.13
0.180.230.820.040.640.2-0.060.63-0.28-0.060.910.47-0.170.680.03-0.61-0.440.670.58-0.27-0.940.67-0.270.760.09
0.160.350.79-0.040.720.36-0.170.72-0.28-0.170.910.68-0.330.86-0.08-0.68-0.570.440.55-0.3-0.810.75-0.310.73-0.01
0.240.240.360.020.480.25-0.010.56-0.18-0.010.470.68-0.40.880.04-0.33-0.410.040.34-0.11-0.320.480.050.25-0.15
0.060.11-0.040.180.06-0.130.040.04-0.320.04-0.17-0.33-0.4-0.280.05-0.1-0.12-0.190.110.580.09-0.05-0.28-0.15-0.23
0.40.560.720.170.750.20.030.82-0.260.030.680.860.88-0.280.11-0.46-0.510.220.680.01-0.580.77-0.10.47-0.17
0.920.210.140.950.18-0.950.990.13-0.030.990.03-0.080.040.050.110.220.240.220.230.25-0.040.00.21-0.06-0.14
0.07-0.16-0.50.11-0.58-0.40.28-0.430.270.28-0.61-0.68-0.33-0.1-0.460.220.890.05-0.070.240.55-0.420.86-0.54-0.11
0.02-0.32-0.480.06-0.69-0.410.29-0.58-0.010.29-0.44-0.57-0.41-0.12-0.510.240.890.32-0.13-0.010.37-0.510.85-0.46-0.31
0.18-0.030.490.090.09-0.140.170.16-0.290.170.670.440.04-0.190.220.220.050.320.5-0.25-0.740.240.340.46-0.12
0.480.690.80.320.63-0.070.150.76-0.230.150.580.550.340.110.680.23-0.07-0.130.50.41-0.610.720.130.35-0.2
0.330.50.110.370.18-0.280.240.260.070.24-0.27-0.3-0.110.580.010.250.24-0.01-0.250.410.250.120.0-0.24-0.07
-0.16-0.19-0.8-0.04-0.53-0.150.04-0.520.280.04-0.94-0.81-0.320.09-0.58-0.040.550.37-0.74-0.610.25-0.540.24-0.69-0.06
0.340.740.840.180.930.19-0.070.97-0.21-0.070.670.750.48-0.050.770.0-0.42-0.510.240.720.12-0.54-0.20.740.02
0.12-0.13-0.270.05-0.44-0.270.25-0.24-0.020.25-0.27-0.310.05-0.28-0.10.210.860.850.340.130.00.24-0.2-0.35-0.33
0.130.270.680.050.720.2-0.120.66-0.11-0.120.760.730.25-0.150.47-0.06-0.54-0.460.460.35-0.24-0.690.74-0.350.31
-0.17-0.220.01-0.080.110.08-0.130.020.84-0.130.09-0.01-0.15-0.23-0.17-0.14-0.11-0.31-0.12-0.2-0.07-0.060.02-0.330.31
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Alvopetro Energy Account Relationship Matchups

Alvopetro Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets71.4M80.4M81.2M98.4M109.8M71.1M
Other Current Liab9.1M2.5M2.1M4.5M5.3M3.7M
Total Current Liabilities9.2M2.9M8.1M12.9M12.9M13.5M
Total Stockholder Equity55.9M53.1M58.6M76.4M88.2M60.3M
Property Plant And Equipment Net67.2M66.2M59.6M67.3M81.8M67.5M
Net Debt4.0M18.6M3.1M(10.4M)(9.6M)(10.1M)
Cash1.2M5.2M11.5M19.8M18.3M17.4M
Non Current Assets Total69.0M71.9M64.0M70.8M83.8M70.6M
Non Currrent Assets Other57.4M1.8M1.1M491K564.7K536.4K
Cash And Short Term Investments1.2M5.2M11.5M19.8M18.3M17.4M
Net Receivables265K2.8M4.2M7.2M6.9M7.2M
Common Stock Shares Outstanding32.2M35.1M34.9M36.9M37.8M34.5M
Liabilities And Stockholders Equity71.4M80.4M81.2M98.4M109.8M71.1M
Non Current Liabilities Total6.4M24.3M14.5M9.1M8.7M8.0M
Other Stockholder Equity2.8M2.8M51.6M51.4M52.2M54.2M
Total Liab15.5M27.3M22.6M22.0M21.6M13.9M
Total Current Assets2.5M8.5M17.2M27.6M26.0M19.8M
Other Liab1.3M1.1M507K517K465.3K442.0K
Net Tangible Assets55.9M53.1M57.8M76.4M68.8M62.3M
Retained Earnings(76.9M)(71.2M)9K25.5M33.6M35.2M
Accounts Payable3.2M2.4M5.5M7.6M6.7M4.2M
Other Current Assets602K253K175K296K266.4K253.1K
Accumulated Other Comprehensive Income(26.4M)(35.3M)(32.4M)(43.4M)(41.1M)(39.0M)
Common Stock156.4M156.8M39.5M42.9M43.5M41.3M
Property Plant Equipment67.2M66.2M59.6M67.3M77.4M67.3M
Net Invested Capital60.9M68.5M65.2M76.4M88.2M76.4M
Net Working Capital(6.7M)5.5M9.1M14.7M13.1M8.1M
Capital Stock156.4M156.8M39.5M42.9M43.5M79.3M

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