| FF Stock | | | CAD 0.13 0.00 0.00% |
First Mining financial indicator trend analysis is much more than just examining First Mining Gold latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Mining Gold is a good investment. Please check the relationship between First Mining Other Current Assets and its Net Debt accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Mining 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 estimate.
Other Current Assets vs Net Debt
Other Current Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
First Mining Gold Other Current Assets account and
Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between First Mining's Other Current Assets and Net Debt is -0.63. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of First Mining Gold, assuming nothing else is changed. The correlation between historical values of First Mining's Other Current Assets 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 Other Current Assets of First Mining Gold 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 Other Current Assets i.e., First Mining's Other Current Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.63 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
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 First Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Mining 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Mining 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 estimate.
As of the 2nd of December 2024,
Selling General Administrative is likely to drop to about 3.6
M. In addition to that,
Tax Provision is likely to grow to about (1.5
M)
First Mining fundamental ratios Correlations
Click cells to compare fundamentals
First Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Mining fundamental ratios Accounts
Other Information on Investing in First Stock
Balance Sheet is a snapshot of the
financial position of First Mining Gold at a specified time, usually calculated after every quarter, six months, or one year. First Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of First Mining 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 First currently owns. An asset can also be divided into two categories, current and non-current.