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 Short Long Term Debt Total and its Current Deferred Revenue 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.
Short Long Term Debt Total vs Current Deferred Revenue
Short Long Term Debt Total vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Africa Oil Corp Short Long Term Debt Total account and
Current Deferred Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Africa Oil's Short Long Term Debt Total and Current Deferred Revenue is 0.54. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Current Deferred Revenue 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 Short Long Term Debt Total and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Africa Oil Corp are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Short Long Term Debt Total i.e., Africa Oil's Short Long Term Debt Total and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Long Term Debt Total
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
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.