Ascendant Short Term Debt vs Long Term Debt Analysis
ASND Stock | CAD 0.05 0.01 25.00% |
Ascendant Resources financial indicator trend analysis is way more than just evaluating Ascendant Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ascendant Resources is a good investment. Please check the relationship between Ascendant Resources Short Term Debt and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ascendant Resources. 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 Term Debt vs Long Term Debt
Short Term Debt vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ascendant Resources Short Term Debt account and Long Term Debt. At this time, the significance of the direction appears to have weak relationship.
The correlation between Ascendant Resources' Short Term Debt and Long Term Debt is 0.36. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Ascendant Resources, assuming nothing else is changed. The correlation between historical values of Ascendant Resources' Short Term Debt and Long Term 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 Short Term Debt of Ascendant Resources are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Short Term Debt i.e., Ascendant Resources' Short Term Debt and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Short Term Debt
Long Term Debt
Long-term debt is a debt that Ascendant Resources has held for over one year. Long-term debt appears on Ascendant Resources balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Ascendant Resources balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Ascendant Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ascendant Resources 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 Ascendant Resources. 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, Ascendant Resources' Issuance Of Capital Stock is very stable compared to the past year. As of the 22nd of December 2024, Enterprise Value is likely to grow to about 27.1 M, while Selling General Administrative is likely to drop about 1.6 M.
Ascendant Resources fundamental ratios Correlations
Click cells to compare fundamentals
Ascendant Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ascendant Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 75.4M | 6.5M | 7.9M | 13.8M | 18.5M | 19.1M | |
Total Current Liabilities | 35.5M | 1.7M | 3.7M | 1.6M | 7.7M | 6.8M | |
Total Stockholder Equity | 15.9M | 4.8M | 3.9M | (3.8M) | (16.3M) | (15.5M) | |
Net Debt | 13.3M | (550K) | 2.0M | 10.5M | 17.8M | 18.7M | |
Retained Earnings | (30.2M) | (42.0M) | (46.7M) | (52.0M) | (59.2M) | (56.3M) | |
Accounts Payable | 7.0M | 444K | 317K | 587K | 1.2M | 2.3M | |
Cash | 1.7M | 756K | 938K | 3.8M | 637K | 605.2K | |
Cash And Short Term Investments | 1.7M | 756K | 938K | 3.8M | 660K | 627K | |
Net Receivables | 3.8M | 92K | 207K | 217K | 450K | 784.3K | |
Common Stock Shares Outstanding | 77.3M | 84.2M | 98.3M | 122.8M | 133.6M | 140.3M | |
Liabilities And Stockholders Equity | 75.4M | 6.5M | 7.9M | 13.8M | 18.5M | 19.1M | |
Non Current Liabilities Total | 24.0M | 0.0 | 341K | 16.0M | 23.6M | 24.8M | |
Other Current Assets | 324K | 195K | 260K | 133K | 2.4M | 2.5M | |
Other Stockholder Equity | 7.5M | 5.8M | 6.8M | 1.7M | (5.1M) | (4.8M) | |
Total Liab | 59.5M | 1.7M | 4.1M | 17.6M | 31.3M | 32.9M | |
Total Current Assets | 18.4M | 1.1M | 1.5M | 4.2M | 3.0M | 2.9M | |
Inventory | 12.6M | 194.8K | 315.5K | 132.6K | 1.9M | 1.8M | |
Accumulated Other Comprehensive Income | 2.4M | 2.2M | 2.2M | 2.0M | 1.5M | 1.6M | |
Other Current Liab | 12.7M | 1.0M | 820K | 923K | 6.5M | 3.5M | |
Short Term Debt | 14.6M | 206K | 2.6M | 75K | 76K | 72.2K | |
Property Plant And Equipment Net | 48.1M | 129K | 449K | 765K | 15.2M | 12.5M | |
Non Current Assets Total | 57.0M | 5.4M | 6.4M | 9.6M | 15.5M | 14.7M | |
Non Currrent Assets Other | 5.1M | 888K | 639K | 316K | 363.4K | 345.2K | |
Property Plant And Equipment Gross | 48.1M | 392K | 793K | 1.2M | 15.8M | 12.7M | |
Other Assets | 1.8M | 3.9M | 5.1M | 639K | 734.9K | 1.2M | |
Common Stock | 36.2M | 38.8M | 41.6M | 44.5M | 46.5M | 25.5M | |
Short Long Term Debt Total | 15.0M | 206K | 2.9M | 14.3M | 18.4M | 19.3M | |
Net Tangible Assets | 23.6M | 15.9M | 4.8M | 3.9M | 4.4M | 4.2M | |
Short Long Term Debt | 1.5M | 4.8M | 14.3M | 2.5M | 2.9M | 4.5M | |
Property Plant Equipment | 48.1M | 129K | 449K | 765K | 688.5K | 654.1K | |
Long Term Debt Total | 362K | 0.0 | 341K | 14.2M | 16.3M | 17.2M | |
Capital Lease Obligations | 637K | 206K | 415K | 320K | 251K | 238.5K | |
Net Invested Capital | 30.2M | 4.8M | 6.4M | 10.2M | 1.9M | 1.8M | |
Net Working Capital | (17.1M) | (603K) | (2.2M) | 2.6M | (4.7M) | (4.4M) | |
Long Term Investments | 3.8M | 4.4M | 5.4M | 8.9M | 149K | 141.6K | |
Capital Stock | 36.2M | 38.8M | 41.6M | 44.5M | 46.5M | 44.7M |
Pair Trading with Ascendant Resources
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 Ascendant Resources 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 Ascendant Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Ascendant Stock
The ability to find closely correlated positions to Ascendant Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ascendant Resources 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 Ascendant Resources - 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 Ascendant Resources to buy it.
The correlation of Ascendant Resources 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 Ascendant Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ascendant Resources 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 Ascendant Resources 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.Other Information on Investing in Ascendant Stock
Balance Sheet is a snapshot of the financial position of Ascendant Resources at a specified time, usually calculated after every quarter, six months, or one year. Ascendant Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ascendant Resources 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 Ascendant currently owns. An asset can also be divided into two categories, current and non-current.