Aris Other Current Liab vs Total Assets Analysis

ARIS Stock  CAD 5.52  0.31  5.32%   
Aris Gold financial indicator trend analysis is way more than just evaluating Aris Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aris Gold Corp is a good investment. Please check the relationship between Aris Gold Other Current Liab and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aris Gold 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.

Other Current Liab vs Total Assets

Other Current Liab vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aris Gold Corp Other Current Liab account and Total Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Aris Gold's Other Current Liab and Total Assets is 0.13. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Assets in the same time period over historical financial statements of Aris Gold Corp, assuming nothing else is changed. The correlation between historical values of Aris Gold's Other Current Liab and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Aris Gold Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Liab i.e., Aris Gold's Other Current Liab and Total Assets go up and down completely randomly.

Correlation Coefficient

0.13
Relationship DirectionPositive 
Relationship StrengthInsignificant

Other Current Liab

Total Assets

Total assets refers to the total amount of Aris Gold assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Aris Gold Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Aris Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aris Gold 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 Aris Gold 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.
At this time, Aris Gold's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 13th of December 2024, Enterprise Value Multiple is likely to grow to 4.21, while Selling General Administrative is likely to drop about 20.9 M.
 2021 2022 2023 2024 (projected)
Interest Income17.6M40.7M10.8M15.4M
Tax Provision1.8M62.6M47.4M25.2M

Aris Gold fundamental ratios Correlations

0.130.470.940.930.560.00.820.790.960.080.790.970.720.970.170.970.820.87-0.020.960.040.140.10.020.8
0.130.52-0.09-0.05-0.28-0.60.150.25-0.050.220.250.170.190.150.170.260.460.450.670.06-0.180.15-0.05-0.190.22
0.470.520.280.460.42-0.520.640.290.43-0.060.290.540.210.390.010.570.440.50.330.46-0.19-0.090.71-0.210.33
0.94-0.090.280.940.580.210.720.660.970.080.660.860.60.860.340.830.650.76-0.150.850.260.20.030.250.66
0.93-0.050.460.940.770.050.840.530.99-0.140.530.880.610.850.250.860.560.77-0.130.850.140.00.20.120.6
0.56-0.280.420.580.770.050.790.020.71-0.410.020.530.240.47-0.020.520.10.35-0.030.550.14-0.170.340.120.16
0.0-0.6-0.520.210.050.05-0.19-0.080.07-0.16-0.08-0.07-0.23-0.050.12-0.16-0.16-0.25-0.25-0.040.510.11-0.250.55-0.09
0.820.150.640.720.840.79-0.190.440.82-0.140.440.810.440.77-0.050.830.590.760.260.790.020.040.21-0.020.5
0.790.250.290.660.530.02-0.080.440.630.381.00.80.720.87-0.020.840.940.69-0.080.85-0.250.170.0-0.260.92
0.96-0.050.430.970.990.710.070.820.63-0.050.630.910.650.890.230.890.640.79-0.140.90.120.050.160.10.67
0.080.22-0.060.08-0.14-0.41-0.16-0.140.38-0.050.38-0.010.120.10.110.080.350.020.150.11-0.030.7-0.17-0.040.16
0.790.250.290.660.530.02-0.080.441.00.630.380.80.720.87-0.020.840.940.69-0.080.85-0.250.170.0-0.260.92
0.970.170.540.860.880.53-0.070.810.80.91-0.010.80.770.960.030.980.840.87-0.010.95-0.070.060.17-0.10.83
0.720.190.210.60.610.24-0.230.440.720.650.120.720.770.81-0.130.770.680.7-0.190.73-0.39-0.01-0.08-0.410.76
0.970.150.390.860.850.47-0.050.770.870.890.10.870.960.810.010.980.880.85-0.020.97-0.120.090.0-0.140.87
0.170.170.010.340.25-0.020.12-0.05-0.020.230.11-0.020.03-0.130.010.010.00.22-0.01-0.030.650.25-0.080.67-0.05
0.970.260.570.830.860.52-0.160.830.840.890.080.840.980.770.980.010.880.870.060.97-0.150.060.16-0.170.85
0.820.460.440.650.560.1-0.160.590.940.640.350.940.840.680.880.00.880.80.250.84-0.140.3-0.06-0.160.86
0.870.450.50.760.770.35-0.250.760.690.790.020.690.870.70.850.220.870.80.190.760.010.14-0.08-0.010.7
-0.020.670.33-0.15-0.13-0.03-0.250.26-0.08-0.140.15-0.08-0.01-0.19-0.02-0.010.060.250.19-0.080.250.49-0.240.22-0.14
0.960.060.460.850.850.55-0.040.790.850.90.110.850.950.730.97-0.030.970.840.76-0.08-0.130.060.18-0.160.85
0.04-0.18-0.190.260.140.140.510.02-0.250.12-0.03-0.25-0.07-0.39-0.120.65-0.15-0.140.010.25-0.130.54-0.241.0-0.3
0.140.15-0.090.20.0-0.170.110.040.170.050.70.170.06-0.010.090.250.060.30.140.490.060.54-0.360.510.01
0.1-0.050.710.030.20.34-0.250.210.00.16-0.170.00.17-0.080.0-0.080.16-0.06-0.08-0.240.18-0.24-0.36-0.240.08
0.02-0.19-0.210.250.120.120.55-0.02-0.260.1-0.04-0.26-0.1-0.41-0.140.67-0.17-0.16-0.010.22-0.161.00.51-0.24-0.31
0.80.220.330.660.60.16-0.090.50.920.670.160.920.830.760.87-0.050.850.860.7-0.140.85-0.30.010.08-0.31
Click cells to compare fundamentals

Aris Gold Account Relationship Matchups

Aris Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets359.4M650.6M998.4M1.2B1.4B1.4B
Other Current Liab47.2M129.5M31.5M36.3M38.7M24.3M
Total Current Liabilities86.8M178.4M64.3M145.3M134.2M140.9M
Total Stockholder Equity117.6M153.7M478.5M501.4M624.7M655.9M
Property Plant And Equipment Net207.5M302.6M455.8M749.1M943.5M990.6M
Net Debt8.0M22.6M(5.5M)136.6M188.3M197.7M
Retained Earnings(395.4M)(383.2M)(212.4M)(221.4M)(215.4M)(226.2M)
Accounts Payable20.9M34.5M23.0M37.9M55.5M58.3M
Cash84.2M122.5M323.6M299.5M194.6M204.4M
Non Current Assets Total222.5M321.9M616.4M863.9M1.1B1.1B
Other Assets4.3M8.8M23.9M1.2M1.4M1.4M
Cash And Short Term Investments84.2M122.5M323.6M299.5M194.6M204.4M
Net Receivables15.3M24.2M29.6M48.5M49.3M51.7M
Common Stock Shares Outstanding49.5M60.7M94.9M117.2M137.1M143.9M
Liabilities And Stockholders Equity359.4M650.6M998.4M1.2B1.4B1.4B
Non Current Liabilities Total154.9M275.9M455.5M595.5M594.0M623.7M
Other Stockholder Equity176.1M180.5M187.6M190.9M191.5M143.7M
Total Liab241.8M454.3M519.9M740.7M728.2M764.6M
Total Current Assets136.9M328.7M382.0M378.2M289.1M303.6M
Inventory24.3M30.4M22.4M26.6M38.9M40.8M
Other Current Assets13.0M151.6M4.5M907K1.7M1.6M
Short Long Term Debt Total92.3M145.2M318.1M436.1M382.9M402.1M
Non Currrent Assets Other4.3M8.8M14.1M1.2M1.8M1.7M
Short Term Debt18.7M14.3M9.9M69.4M38.8M34.2M
Accumulated Other Comprehensive Income(109.0M)(115.8M)(122.7M)(183.1M)(71.2M)(74.7M)
Common Stock446.0M472.2M626.0M715.0M719.8M516.7M
Capital Surpluse176.1M4.1M5.4M180.7M207.8M218.2M
Property Plant Equipment207.5M302.6M455.8M749.1M861.5M904.6M
Long Term Debt72.0M81.7M79.6M362.9M341.0M358.1M
Long Term Debt Total73.6M82.0M79.9M366.6M421.6M442.7M
Cash And Equivalents84.2M122.5M323.6M299.5M344.4M361.6M
Other Liab81.4M145.1M147.3M228.9M263.2M151.1M
Net Tangible Assets117.6M153.7M478.5M501.4M576.6M329.3M
Net Invested Capital29.5M67.1M212.8M931.3M1.0B1.1B
Long Term Investments10.7M10.4M146.5M113.5M118.5M74.3M
Short Long Term Debt18M1.5M6.5M67.0M36.8M27.4M
Capital Stock44.6M165.5M239.6M715.0M719.8M425.2M

Pair Trading with Aris Gold

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aris Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aris Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aris Stock

  0.69ORE Orezone Gold CorpPairCorr

Moving against Aris Stock

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  0.78WCN Waste ConnectionsPairCorr
  0.76CSU Constellation SoftwarePairCorr
  0.64FSV FirstService CorpPairCorr
  0.44IFC Intact FinancialPairCorr
The ability to find closely correlated positions to Aris Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aris Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aris Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aris Gold Corp to buy it.
The correlation of Aris Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aris Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aris Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aris Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Aris Stock

Balance Sheet is a snapshot of the financial position of Aris Gold Corp at a specified time, usually calculated after every quarter, six months, or one year. Aris Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aris Gold 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 Aris currently owns. An asset can also be divided into two categories, current and non-current.