Bravada Total Current Assets vs Accounts Payable Analysis

BVA Stock  CAD 0.02  0.01  33.33%   
Bravada Gold financial indicator trend analysis is way more than just evaluating Bravada Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bravada Gold is a good investment. Please check the relationship between Bravada Gold Total Current Assets and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bravada Gold. 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.

Total Current Assets vs Accounts Payable

Total Current Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bravada Gold Total Current Assets account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Bravada Gold's Total Current Assets and Accounts Payable is -0.3. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Bravada Gold, assuming nothing else is changed. The correlation between historical values of Bravada Gold's Total Current Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Bravada Gold are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Current Assets i.e., Bravada Gold's Total Current Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.3
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Accounts Payable

An accounting item on the balance sheet that represents Bravada Gold obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Bravada Gold are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Bravada Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bravada Gold 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 Bravada Gold. 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, Bravada Gold's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 694.4 K in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (9.37).

Bravada Gold fundamental ratios Correlations

-0.63-0.090.99-0.310.690.180.990.310.5-0.360.50.46-0.640.28-0.170.56-0.53-0.66-0.32-0.32-0.420.27-0.31-0.39-0.25
-0.630.23-0.610.53-0.08-0.35-0.6-0.36-0.43-0.13-0.270.021.0-0.370.62-0.540.730.76-0.08-0.08-0.190.27-0.09-0.17-0.07
-0.090.23-0.020.37-0.02-0.42-0.01-0.58-0.50.18-0.84-0.330.23-0.560.45-0.880.10.120.150.150.18-0.150.150.170.11
0.99-0.61-0.02-0.190.710.051.00.180.46-0.360.440.47-0.620.15-0.120.49-0.53-0.65-0.36-0.36-0.440.3-0.34-0.41-0.25
-0.310.530.37-0.190.15-0.9-0.18-0.87-0.27-0.14-0.290.160.54-0.890.52-0.470.450.39-0.3-0.3-0.30.34-0.3-0.28-0.1
0.69-0.08-0.020.710.15-0.220.720.040.46-0.890.470.76-0.11-0.10.360.3-0.09-0.19-0.75-0.75-0.90.8-0.76-0.87-0.77
0.18-0.35-0.420.05-0.9-0.220.040.930.20.140.27-0.21-0.360.97-0.450.45-0.08-0.240.320.320.29-0.350.320.260.12
0.99-0.6-0.011.0-0.180.720.040.170.46-0.370.440.48-0.60.13-0.10.48-0.53-0.64-0.37-0.37-0.450.31-0.36-0.42-0.26
0.31-0.36-0.580.18-0.870.040.930.170.39-0.160.520.04-0.380.96-0.410.63-0.08-0.240.110.110.0-0.090.110.0-0.13
0.5-0.43-0.50.46-0.270.460.20.460.39-0.440.710.69-0.440.33-0.090.65-0.3-0.22-0.31-0.31-0.360.45-0.31-0.4-0.4
-0.36-0.130.18-0.36-0.14-0.890.14-0.37-0.16-0.44-0.49-0.72-0.090.02-0.4-0.27-0.19-0.070.770.770.93-0.860.780.920.93
0.5-0.27-0.840.44-0.290.470.270.440.520.71-0.490.68-0.280.45-0.230.92-0.21-0.22-0.45-0.45-0.530.5-0.44-0.51-0.31
0.460.02-0.330.470.160.76-0.210.480.040.69-0.720.680.0-0.050.270.46-0.13-0.1-0.75-0.75-0.770.8-0.75-0.82-0.52
-0.641.00.23-0.620.54-0.11-0.36-0.6-0.38-0.44-0.09-0.280.0-0.380.61-0.550.720.76-0.05-0.05-0.160.24-0.06-0.13-0.03
0.28-0.37-0.560.15-0.89-0.10.970.130.960.330.020.45-0.05-0.38-0.460.6-0.13-0.30.20.20.15-0.220.210.120.02
-0.170.620.45-0.120.520.36-0.45-0.1-0.41-0.09-0.4-0.230.270.61-0.46-0.490.430.61-0.45-0.45-0.320.61-0.46-0.42-0.37
0.56-0.54-0.880.49-0.470.30.450.480.630.65-0.270.920.46-0.550.6-0.49-0.38-0.45-0.24-0.24-0.30.2-0.24-0.28-0.17
-0.530.730.1-0.530.45-0.09-0.08-0.53-0.08-0.3-0.19-0.21-0.130.72-0.130.43-0.380.64-0.03-0.03-0.180.17-0.04-0.16-0.2
-0.660.760.12-0.650.39-0.19-0.24-0.64-0.24-0.22-0.07-0.22-0.10.76-0.30.61-0.450.640.00.00.00.26-0.03-0.01-0.07
-0.32-0.080.15-0.36-0.3-0.750.32-0.370.11-0.310.77-0.45-0.75-0.050.2-0.45-0.24-0.030.01.00.76-0.851.00.910.65
-0.32-0.080.15-0.36-0.3-0.750.32-0.370.11-0.310.77-0.45-0.75-0.050.2-0.45-0.24-0.030.01.00.76-0.851.00.910.65
-0.42-0.190.18-0.44-0.3-0.90.29-0.450.0-0.360.93-0.53-0.77-0.160.15-0.32-0.3-0.180.00.760.76-0.850.770.930.79
0.270.27-0.150.30.340.8-0.350.31-0.090.45-0.860.50.80.24-0.220.610.20.170.26-0.85-0.85-0.85-0.86-0.91-0.73
-0.31-0.090.15-0.34-0.3-0.760.32-0.360.11-0.310.78-0.44-0.75-0.060.21-0.46-0.24-0.04-0.031.01.00.77-0.860.910.67
-0.39-0.170.17-0.41-0.28-0.870.26-0.420.0-0.40.92-0.51-0.82-0.130.12-0.42-0.28-0.16-0.010.910.910.93-0.910.910.8
-0.25-0.070.11-0.25-0.1-0.770.12-0.26-0.13-0.40.93-0.31-0.52-0.030.02-0.37-0.17-0.2-0.070.650.650.79-0.730.670.8
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Bravada Gold Account Relationship Matchups

Bravada Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2M395.5K1.4M447.9K692.2K657.6K
Total Current Liabilities1.1M650.3K792.5K761.5K848.6K854.2K
Total Stockholder Equity63.3K(254.8K)561.5K(313.6K)(256.8K)(244.0K)
Net Debt(712.0K)(119.8K)(997.1K)(7.5K)(8.7K)(9.1K)
Retained Earnings(23.9M)(25.2M)(26.2M)(27.0M)(27.4M)(28.8M)
Cash712.0K119.8K997.1K7.5K201.7K286.4K
Non Current Assets Total194.0K251.0K315.1K408.8K452.1K429.5K
Cash And Short Term Investments712.0K119.8K997.1K7.5K6.8K6.4K
Net Receivables4.5K3.7K3.8K3.6K3.2K3.1K
Common Stock Shares Outstanding69.7M88.3M105.7M131.3M148.1M155.5M
Other Stockholder Equity5.3M5.3M5.3M5.1M4.6M7.2M
Total Liab1.1M650.3K792.5K761.5K949.0K880.5K
Total Current Assets957.3K144.5K1.0M39.2K240.1K356.3K
Accumulated Other Comprehensive Income5.3M5.3M5.1M5.0M5.7M4.5M
Non Currrent Assets Other130.7K1.0131.3K135.0K141.6K126.8K
Liabilities And Stockholders Equity1.2M395.5K1.4M447.9K403.1K383.0K
Other Current Liab527.3K347.1K387.8K358.5K322.7K430.1K
Accounts Payable344.5K303.2K404.7K403.0K393.3K328.4K
Net Tangible Assets(294.7K)63.3K(254.8K)561.5K645.7K678.0K
Other Assets174.0K130.7K126.6K131.3K118.2K145.2K
Common Stock18.7M19.7M21.7M21.7M25.0M18.8M
Other Current Assets24.5K20.9K38.0K28.1K32.3K29.0K
Net Invested Capital63.3K(254.8K)561.5K(313.6K)(256.8K)(269.7K)
Net Working Capital(130.8K)(505.8K)246.4K(722.3K)(608.4K)(638.9K)
Capital Stock18.7M19.7M21.7M21.7M22.3M21.8M

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