Antofagasta Net Debt vs Short Term Investments Analysis

ANTO Stock

1,752 37.00 2.16%

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 Short Term Investments 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 Short Term Investments

Net Debt vs Short Term Investments 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 Short Term Investments. At this time, the significance of the direction appears to have weak relationship.

The correlation between Antofagasta PLC's Net Debt and Short Term Investments is 0.38. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Term Investments 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 Short Term Investments 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 Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Debt i.e., Antofagasta PLC's Net Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

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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.

Short Term Investments

Short Term Investments is an item under the current assets section of Antofagasta PLC balance sheet. It contains any investments Antofagasta PLC undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Antofagasta PLC can easily liquidate in the marketplace.

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	0.11	0.96	0.98	0.99	0.74	0.98	0.85	0.1	0.98	-0.17	0.69	0.9	-0.78	0.79	0.9	0.15	0.79	0.98	0.8	0.84	0.69	0.9	0.73	0.85
Short Long Term Debt Total	0.93		0.1	0.95	0.87	0.94	0.82	0.87	0.74	0.05	0.95	-0.09	0.57	0.79	-0.64	0.83	0.81	0.16	0.68	0.98	0.81	0.7	0.77	0.79	0.62	0.9
Other Current Liab	0.11	0.1		0.18	0.19	0.16	0.1	0.2	-0.2	-0.06	0.18	0.18	-0.21	0.37	-0.5	-0.25	-0.05	0.41	0.06	0.07	-0.12	-0.16	0.49	0.37	-0.33	0.06
Total Current Liabilities	0.96	0.95	0.18		0.93	0.96	0.81	0.93	0.81	0.0	0.98	0.01	0.62	0.86	-0.69	0.83	0.83	0.17	0.76	0.97	0.87	0.73	0.84	0.86	0.67	0.89
Total Stockholder Equity	0.98	0.87	0.19	0.93		0.95	0.64	1.0	0.85	0.18	0.94	-0.16	0.73	0.94	-0.86	0.72	0.91	0.19	0.83	0.93	0.72	0.87	0.67	0.94	0.72	0.77
Property Plant And Equipment Net	0.99	0.94	0.16	0.96	0.95		0.81	0.95	0.79	-0.02	1.0	-0.18	0.57	0.86	-0.73	0.77	0.87	0.15	0.72	0.98	0.83	0.74	0.73	0.86	0.64	0.9
Net Debt	0.74	0.82	0.1	0.81	0.64	0.81		0.64	0.48	-0.53	0.83	-0.19	0.19	0.48	-0.31	0.59	0.51	0.18	0.32	0.81	0.76	0.34	0.71	0.48	0.38	0.9
Retained Earnings	0.98	0.87	0.2	0.93	1.0	0.95	0.64		0.85	0.17	0.94	-0.17	0.73	0.94	-0.86	0.72	0.91	0.19	0.82	0.93	0.71	0.86	0.67	0.94	0.72	0.78
Accounts Payable	0.85	0.74	-0.2	0.81	0.85	0.79	0.48	0.85		0.27	0.78	-0.08	0.79	0.75	-0.6	0.83	0.92	0.13	0.85	0.81	0.74	0.89	0.49	0.75	0.79	0.64
Cash	0.1	0.05	-0.06	0.0	0.18	-0.02	-0.53	0.17	0.27		-0.03	0.23	0.51	0.33	-0.4	0.22	0.31	-0.08	0.44	0.03	-0.1	0.44	-0.08	0.33	0.27	-0.24
Non Current Assets Total	0.98	0.95	0.18	0.98	0.94	1.0	0.83	0.94	0.78	-0.03		-0.14	0.55	0.85	-0.7	0.78	0.86	0.15	0.71	0.98	0.85	0.71	0.78	0.85	0.61	0.92
Non Currrent Assets Other	-0.17	-0.09	0.18	0.01	-0.16	-0.18	-0.19	-0.17	-0.08	0.23	-0.14		0.04	0.04	0.08	0.18	-0.14	-0.2	0.12	-0.15	0.16	-0.15	0.32	0.04	-0.03	-0.22
Cash And Short Term Investments	0.69	0.57	-0.21	0.62	0.73	0.57	0.19	0.73	0.79	0.51	0.55	0.04		0.72	-0.66	0.68	0.7	-0.04	0.8	0.63	0.48	0.95	0.26	0.72	0.93	0.32
Common Stock Total Equity	0.9	0.79	0.37	0.86	0.94	0.86	0.48	0.94	0.75	0.33	0.85	0.04	0.72		-0.94	0.66	0.81	0.2	0.83	0.84	0.63	0.82	0.67	1.0	0.67	0.6
Common Stock Shares Outstanding	-0.78	-0.64	-0.5	-0.69	-0.86	-0.73	-0.31	-0.86	-0.6	-0.4	-0.7	0.08	-0.66	-0.94		-0.41	-0.71	-0.29	-0.73	-0.69	-0.35	-0.75	-0.52	-0.94	-0.53	-0.42
Non Current Liabilities Total	0.79	0.83	-0.25	0.83	0.72	0.77	0.59	0.72	0.83	0.22	0.78	0.18	0.68	0.66	-0.41		0.74	-0.05	0.73	0.83	0.92	0.73	0.61	0.66	0.76	0.71
Inventory	0.9	0.81	-0.05	0.83	0.91	0.87	0.51	0.91	0.92	0.31	0.86	-0.14	0.7	0.81	-0.71	0.74		0.07	0.83	0.86	0.7	0.85	0.54	0.81	0.68	0.72
Other Current Assets	0.15	0.16	0.41	0.17	0.19	0.15	0.18	0.19	0.13	-0.08	0.15	-0.2	-0.04	0.2	-0.29	-0.05	0.07		0.14	0.14	-0.08	0.09	0.28	0.2	-0.14	0.1
Other Stockholder Equity	0.79	0.68	0.06	0.76	0.83	0.72	0.32	0.82	0.85	0.44	0.71	0.12	0.8	0.83	-0.73	0.73	0.83	0.14		0.73	0.62	0.85	0.54	0.83	0.72	0.5
Total Liab	0.98	0.98	0.07	0.97	0.93	0.98	0.81	0.93	0.81	0.03	0.98	-0.15	0.63	0.84	-0.69	0.83	0.86	0.14	0.73		0.84	0.78	0.72	0.84	0.7	0.89
Property Plant And Equipment Gross	0.8	0.81	-0.12	0.87	0.72	0.83	0.76	0.71	0.74	-0.1	0.85	0.16	0.48	0.63	-0.35	0.92	0.7	-0.08	0.62	0.84		0.57	0.71	0.63	0.63	0.82
Total Current Assets	0.84	0.7	-0.16	0.73	0.87	0.74	0.34	0.86	0.89	0.44	0.71	-0.15	0.95	0.82	-0.75	0.73	0.85	0.09	0.85	0.78	0.57		0.35	0.82	0.9	0.5
Short Term Debt	0.69	0.77	0.49	0.84	0.67	0.73	0.71	0.67	0.49	-0.08	0.78	0.32	0.26	0.67	-0.52	0.61	0.54	0.28	0.54	0.72	0.71	0.35		0.67	0.27	0.77
Common Stock	0.9	0.79	0.37	0.86	0.94	0.86	0.48	0.94	0.75	0.33	0.85	0.04	0.72	1.0	-0.94	0.66	0.81	0.2	0.83	0.84	0.63	0.82	0.67		0.67	0.6
Short Term Investments	0.73	0.62	-0.33	0.67	0.72	0.64	0.38	0.72	0.79	0.27	0.61	-0.03	0.93	0.67	-0.53	0.76	0.68	-0.14	0.72	0.7	0.63	0.9	0.27	0.67		0.45
Other Liab	0.85	0.9	0.06	0.89	0.77	0.9	0.9	0.78	0.64	-0.24	0.92	-0.22	0.32	0.6	-0.42	0.71	0.72	0.1	0.5	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	1.0B	331.9M	282.6M	361.4M	398.6M	333.2M
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	210.2M
Other Stockholder Equity	181.1M	199.2M	178.4M	204.2M	303.7M	196.9M
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 Short Term Investments Analysis

Net Debt vs Short Term Investments

Net Debt vs Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Short Term Investments

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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Additional Tools for Antofagasta Stock Analysis

COMMON DESTINATIONS

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COMPANY

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
Common Stock Shares Outstanding	- 0.78	Total Assets
Total Current Assets	- 0.75	Common Stock Shares Outstanding