| AOI Stock | | | CAD 1.88 0.02 1.08% |
Africa Oil financial indicator trend analysis is way more than just evaluating Africa Oil Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Africa Oil Corp is a good investment. Please check the relationship between Africa Oil Common Stock Total Equity and its Net Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Africa Oil Corp. 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.
Common Stock Total Equity vs Net Debt
Common Stock Total Equity vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Africa Oil Corp Common Stock Total Equity account and
Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Africa Oil's Common Stock Total Equity and Net Debt is -0.26. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of Africa Oil Corp, assuming nothing else is changed. The correlation between historical values of Africa Oil's Common Stock Total Equity 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 Common Stock Total Equity of Africa Oil Corp 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 Common Stock Total Equity i.e., Africa Oil's Common Stock Total Equity and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.26 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
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 Africa Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Africa Oil Corp 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 Africa Oil Corp. 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.
As of the 27th of February 2025,
Enterprise Value is likely to grow to about 639.2
M, while
Selling General Administrative is likely to drop about 34.9
K.
Africa Oil fundamental ratios Correlations
Click cells to compare fundamentals
Africa Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Africa Oil fundamental ratios Accounts
Other Information on Investing in Africa Stock
Balance Sheet is a snapshot of the
financial position of Africa Oil Corp at a specified time, usually calculated after every quarter, six months, or one year. Africa Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Africa Oil and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Africa currently owns. An asset can also be divided into two categories, current and non-current.