Antofagasta Net Debt vs Retained Earnings Analysis

ANTO Stock

1,763 10.50 0.60%

Antofagasta PLC financial indicator trend analysis is way more than just evaluating Antofagasta PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Antofagasta PLC is a good investment. Please check the relationship between Antofagasta PLC Net Debt and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Antofagasta PLC. 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 Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Antofagasta PLC Net Debt account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.

The correlation between Antofagasta PLC's Net Debt and Retained Earnings is 0.64. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Antofagasta PLC, assuming nothing else is changed. The correlation between historical values of Antofagasta PLC's Net Debt and Retained Earnings 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 Debt of Antofagasta PLC are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Debt i.e., Antofagasta PLC's Net Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.64

Relationship Direction	Positive
Relationship Strength	Significant

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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.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Antofagasta PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Antofagasta PLC 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 Antofagasta PLC. 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 drop to about 373.6 M in 2024. Discontinued Operations is likely to drop to about 6.2 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	69.6M	95.5M	121.4M	127.5M
Depreciation And Amortization	1.1B	1.1B	1.2B	1.3B

Interest Expense Depreciation And Amortization

Antofagasta PLC fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments	Other Liab
Total Assets		0.93	0.7	0.96	0.98	0.99	0.74	0.98	0.91	0.1	0.98	-0.17	0.69	0.9	-0.78	0.79	0.9	0.25	0.74	0.98	0.8	0.84	0.69	0.9	0.73	0.85
Short Long Term Debt Total	0.93		0.54	0.95	0.87	0.94	0.82	0.87	0.85	0.05	0.95	-0.09	0.57	0.79	-0.64	0.83	0.81	0.11	0.62	0.98	0.81	0.7	0.77	0.79	0.62	0.9
Other Current Liab	0.7	0.54		0.61	0.68	0.64	0.39	0.68	0.6	0.13	0.6	-0.01	0.71	0.7	-0.59	0.63	0.61	0.27	0.67	0.66	0.59	0.76	0.24	0.7	0.76	0.37
Total Current Liabilities	0.96	0.95	0.61		0.93	0.96	0.81	0.93	0.89	0.0	0.98	0.01	0.62	0.86	-0.69	0.83	0.83	0.17	0.69	0.97	0.87	0.73	0.84	0.86	0.67	0.89
Total Stockholder Equity	0.98	0.87	0.68	0.93		0.95	0.64	1.0	0.86	0.18	0.94	-0.16	0.73	0.94	-0.86	0.72	0.91	0.31	0.79	0.93	0.72	0.87	0.67	0.94	0.72	0.77
Property Plant And Equipment Net	0.99	0.94	0.64	0.96	0.95		0.81	0.95	0.92	-0.02	1.0	-0.18	0.57	0.86	-0.73	0.77	0.87	0.21	0.68	0.98	0.83	0.74	0.73	0.86	0.64	0.9
Net Debt	0.74	0.82	0.39	0.81	0.64	0.81		0.64	0.78	-0.53	0.83	-0.19	0.19	0.48	-0.31	0.59	0.51	0.08	0.29	0.81	0.76	0.34	0.71	0.48	0.38	0.9
Retained Earnings	0.98	0.87	0.68	0.93	1.0	0.95	0.64		0.86	0.17	0.94	-0.17	0.73	0.94	-0.86	0.72	0.91	0.31	0.78	0.93	0.71	0.86	0.67	0.94	0.72	0.78
Accounts Payable	0.91	0.85	0.6	0.89	0.86	0.92	0.78	0.86		-0.08	0.92	-0.22	0.56	0.71	-0.53	0.78	0.89	0.2	0.55	0.91	0.85	0.73	0.6	0.71	0.67	0.86
Cash	0.1	0.05	0.13	0.0	0.18	-0.02	-0.53	0.17	-0.08		-0.03	0.23	0.51	0.33	-0.4	0.22	0.31	0.0	0.38	0.03	-0.1	0.44	-0.08	0.33	0.27	-0.24
Non Current Assets Total	0.98	0.95	0.6	0.98	0.94	1.0	0.83	0.94	0.92	-0.03		-0.14	0.55	0.85	-0.7	0.78	0.86	0.2	0.67	0.98	0.85	0.71	0.78	0.85	0.61	0.92
Non Currrent Assets Other	-0.17	-0.09	-0.01	0.01	-0.16	-0.18	-0.19	-0.17	-0.22	0.23	-0.14		0.04	0.04	0.08	0.18	-0.14	-0.37	0.13	-0.15	0.16	-0.15	0.32	0.04	-0.03	-0.22
Cash And Short Term Investments	0.69	0.57	0.71	0.62	0.73	0.57	0.19	0.73	0.56	0.51	0.55	0.04		0.72	-0.66	0.68	0.7	0.11	0.69	0.63	0.48	0.95	0.26	0.72	0.93	0.32
Common Stock Total Equity	0.9	0.79	0.7	0.86	0.94	0.86	0.48	0.94	0.71	0.33	0.85	0.04	0.72		-0.94	0.66	0.81	0.25	0.86	0.84	0.63	0.82	0.67	1.0	0.67	0.6
Common Stock Shares Outstanding	-0.78	-0.64	-0.59	-0.69	-0.86	-0.73	-0.31	-0.86	-0.53	-0.4	-0.7	0.08	-0.66	-0.94		-0.41	-0.71	-0.35	-0.81	-0.69	-0.35	-0.75	-0.52	-0.94	-0.53	-0.42
Non Current Liabilities Total	0.79	0.83	0.63	0.83	0.72	0.77	0.59	0.72	0.78	0.22	0.78	0.18	0.68	0.66	-0.41		0.74	-0.02	0.6	0.83	0.92	0.73	0.61	0.66	0.76	0.71
Inventory	0.9	0.81	0.61	0.83	0.91	0.87	0.51	0.91	0.89	0.31	0.86	-0.14	0.7	0.81	-0.71	0.74		0.26	0.71	0.86	0.7	0.85	0.54	0.81	0.68	0.72
Other Current Assets	0.25	0.11	0.27	0.17	0.31	0.21	0.08	0.31	0.2	0.0	0.2	-0.37	0.11	0.25	-0.35	-0.02	0.26		0.31	0.18	-0.06	0.28	0.08	0.25	-0.06	0.13
Other Stockholder Equity	0.74	0.62	0.67	0.69	0.79	0.68	0.29	0.78	0.55	0.38	0.67	0.13	0.69	0.86	-0.81	0.6	0.71	0.31		0.67	0.51	0.75	0.53	0.86	0.6	0.41
Total Liab	0.98	0.98	0.66	0.97	0.93	0.98	0.81	0.93	0.91	0.03	0.98	-0.15	0.63	0.84	-0.69	0.83	0.86	0.18	0.67		0.84	0.78	0.72	0.84	0.7	0.89
Property Plant And Equipment Gross	0.8	0.81	0.59	0.87	0.72	0.83	0.76	0.71	0.85	-0.1	0.85	0.16	0.48	0.63	-0.35	0.92	0.7	-0.06	0.51	0.84		0.57	0.71	0.63	0.63	0.82
Total Current Assets	0.84	0.7	0.76	0.73	0.87	0.74	0.34	0.86	0.73	0.44	0.71	-0.15	0.95	0.82	-0.75	0.73	0.85	0.28	0.75	0.78	0.57		0.35	0.82	0.9	0.5
Short Term Debt	0.69	0.77	0.24	0.84	0.67	0.73	0.71	0.67	0.6	-0.08	0.78	0.32	0.26	0.67	-0.52	0.61	0.54	0.08	0.53	0.72	0.71	0.35		0.67	0.27	0.77
Common Stock	0.9	0.79	0.7	0.86	0.94	0.86	0.48	0.94	0.71	0.33	0.85	0.04	0.72	1.0	-0.94	0.66	0.81	0.25	0.86	0.84	0.63	0.82	0.67		0.67	0.6
Short Term Investments	0.73	0.62	0.76	0.67	0.72	0.64	0.38	0.72	0.67	0.27	0.61	-0.03	0.93	0.67	-0.53	0.76	0.68	-0.06	0.6	0.7	0.63	0.9	0.27	0.67		0.45
Other Liab	0.85	0.9	0.37	0.89	0.77	0.9	0.9	0.78	0.86	-0.24	0.92	-0.22	0.32	0.6	-0.42	0.71	0.72	0.13	0.41	0.89	0.82	0.5	0.77	0.6	0.45

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Antofagasta PLC Account Relationship Matchups

Antofagasta PLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.6B	16.6B	17.3B	18.2B	19.6B	20.6B
Short Long Term Debt Total	2.8B	3.8B	3.2B	3.3B	4.1B	4.3B
Other Current Liab	268.7M	331.9M	282.6M	361.4M	398.6M	418.5M
Total Current Liabilities	1.5B	1.6B	1.6B	1.6B	2.2B	2.3B
Total Stockholder Equity	7.4B	7.8B	8.4B	8.6B	9.0B	9.4B
Property Plant And Equipment Net	9.6B	9.9B	10.5B	11.5B	12.7B	13.3B
Net Debt	2.1B	2.5B	2.4B	2.5B	3.4B	3.6B
Retained Earnings	7.1B	7.5B	8.1B	8.3B	8.6B	9.0B
Accounts Payable	513.5M	536.5M	579.5M	751.5M	788.1M	827.5M
Cash	653.7M	1.2B	743.4M	810.4M	644.7M	892.4M
Non Current Assets Total	10.7B	10.9B	11.5B	12.5B	14.5B	15.2B
Non Currrent Assets Other	(8.2M)	(6.4M)	(11.5B)	(12.5B)	3.3B	3.5B
Cash And Short Term Investments	2.2B	3.7B	3.7B	2.4B	3.4B	3.5B
Liabilities And Stockholders Equity	14.6B	16.6B	17.3B	18.2B	19.6B	20.6B
Non Current Liabilities Total	1.9B	3.0B	2.7B	2.8B	5.4B	5.7B
Inventory	586.4M	592.7M	532.8M	708.1M	671M	704.6M
Other Current Assets	254.8M	235.2M	119.8M	1.1B	193.6M	172.8M
Total Liab	5.2B	6.5B	6.2B	6.6B	7.6B	8.0B
Property Plant And Equipment Gross	9.6B	9.9B	10.5B	11.7B	25.2B	26.4B
Total Current Assets	3.6B	5.3B	5.4B	5.2B	5.2B	5.5B
Short Term Debt	723.9M	603.4M	337.9M	432.5M	901.9M	947.0M
Short Term Investments	1.5B	2.4B	3.0B	1.6B	2.7B	2.9B
Accumulated Other Comprehensive Income	(18.1M)	(30.6M)	(10.4M)	5M	104.5M	109.7M
Other Liab	1.6B	1.7B	1.8B	2.1B	2.5B	2.6B
Long Term Debt	1.9B	3.0B	2.7B	2.8B	3.1B	1.6B
Net Receivables	570.9M	832.6M	1.0B	997.1M	950.1M	624.2M
Property Plant Equipment	9.6B	9.9B	10.5B	11.5B	13.3B	13.9B
Current Deferred Revenue	(723.9M)	(603.4M)	(337.9M)	(432.5M)	(518.5M)	(544.4M)
Other Assets	268.2M	343.3M	419.7M	477.6M	597.5M	327.5M
Net Tangible Assets	7.2B	7.6B	8.4B	8.6B	9.9B	7.9B
Short Long Term Debt	648.4M	529.3M	268M	377.4M	794.1M	521.7M
Capital Lease Obligations	244M	208.2M	159.8M	131.7M	224.7M	187.0M
Non Current Liabilities Other	1M	1.9M	1.1M	800K	720K	1.3M

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Antofagasta Net Debt vs Retained Earnings Analysis

Net Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Debt

Retained Earnings

Antofagasta PLC fundamental ratios Correlations

Antofagasta PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Antofagasta PLC fundamental ratios Accounts

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Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Property Plant And Equipment Net	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Total Assets

Common Stock	- 0.94	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.94	Common Stock Total Equity
Common Stock Shares Outstanding	- 0.86	Retained Earnings
Common Stock Shares Outstanding	- 0.86	Total Stockholder Equity
Other Stockholder Equity	- 0.81	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.78	Total Assets