Freegold Total Revenue vs Long Term Debt Analysis
| FVL Stock | CAD 0.75 0.01 1.32% |
Freegold Ventures financial indicator trend analysis is much more than just examining Freegold Ventures latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Freegold Ventures is a good investment. Please check the relationship between Freegold Ventures Total Revenue and its Long Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freegold Ventures Limited. 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 Revenue vs Long Term Debt
Total Revenue vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Freegold Ventures Total Revenue account and Long Term Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Freegold Ventures' Total Revenue and Long Term Debt is 0.1. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Freegold Ventures Limited, assuming nothing else is changed. The correlation between historical values of Freegold Ventures' Total Revenue 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 Total Revenue of Freegold Ventures Limited 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 Total Revenue i.e., Freegold Ventures' Total Revenue and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.1 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Total Revenue
Total revenue comprises all receipts Freegold Ventures generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Long Term Debt
Long-term debt is a debt that Freegold Ventures has held for over one year. Long-term debt appears on Freegold Ventures Limited 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 Freegold Ventures Limited 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 Freegold Ventures' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Freegold Ventures 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 Freegold Ventures Limited. 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 12th of December 2024, Enterprise Value is likely to grow to about 160 M, while Selling General Administrative is likely to drop about 247.2 K.
| 2023 | 2024 (projected) | Non Recurring | 8.8M | 6.5M | Cost Of Revenue | 81.5K | 76.3K |
Freegold Ventures fundamental ratios Correlations
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Freegold Ventures Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Freegold Ventures fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 39.6M | 74.0M | 74.4M | 77.4M | 90.4M | 94.9M | |
| Total Current Liabilities | 1.1M | 542.3K | 542.2K | 469.3K | 221.1K | 210.1K | |
| Total Stockholder Equity | 38.2M | 73.2M | 73.5M | 76.5M | 89.7M | 94.2M | |
| Property Plant And Equipment Net | 38.3M | 43.9M | 60.2M | 76.6M | 88.2M | 92.6M | |
| Net Debt | (1.1M) | (29.6M) | (13.7M) | (565.1K) | (1.9M) | (2.0M) | |
| Retained Earnings | (65.8M) | (67.1M) | (69.3M) | (70.1M) | (73.2M) | (69.6M) | |
| Accounts Payable | 181.2K | 207.7K | 306.7K | 376.6K | 134.5K | 127.8K | |
| Cash | 1.2M | 29.7M | 13.8M | 693.2K | 2.0M | 3.2M | |
| Non Current Assets Total | 38.3M | 43.9M | 60.2M | 76.6M | 88.2M | 92.6M | |
| Cash And Short Term Investments | 1.2M | 29.7M | 13.8M | 693.2K | 2.0M | 3.3M | |
| Common Stock Shares Outstanding | 199.0M | 265.0M | 335.4M | 351.8M | 393.6M | 413.3M | |
| Liabilities And Stockholders Equity | 39.6M | 74.0M | 74.4M | 77.4M | 90.4M | 94.9M | |
| Other Current Assets | 115.3K | 407.6K | 389.5K | 113.55 | 190.3K | 117.7K | |
| Total Liab | 1.4M | 792.3K | 928.7K | 926.9K | 658.0K | 625.1K | |
| Property Plant And Equipment Gross | 38.3M | 43.9M | 60.3M | 76.8M | 88.3M | 92.7M | |
| Total Current Assets | 1.3M | 30.1M | 14.2M | 806.8K | 2.2M | 3.4M | |
| Accumulated Other Comprehensive Income | 17.3M | 32.8M | 34.2M | 31.1M | 37.1M | 38.9M | |
| Other Current Liab | 856.9K | 138.7K | 205.1K | 64.2K | 57.5K | 54.6K | |
| Short Term Debt | 50.9K | 37.5K | 30.4K | 28.5K | 29.2K | 27.7K | |
| Net Receivables | 21.8K | 41.3K | 22.7K | 19.7K | 17.8K | 27.8K | |
| Non Current Liabilities Total | 275.7K | 250K | 386.6K | 457.6K | 436.9K | 520.2K | |
| Short Long Term Debt Total | 86.9K | 37.5K | 167.0K | 128.1K | 99.9K | 94.9K | |
| Net Tangible Assets | 37.1M | 38.2M | 73.2M | 73.5M | 84.5M | 88.7M | |
| Common Stock | 86.7M | 107.5M | 108.6M | 115.5M | 125.8M | 88.3M | |
| Property Plant Equipment | 38.3M | 43.9M | 60.2M | 76.6M | 88.1M | 92.5M | |
| Other Liab | 220.7K | 230.0K | 239.8K | 250K | 225K | 416.4K | |
| Cash And Equivalents | 1.2M | 29.6M | 13.8M | 653.4K | 751.4K | 713.8K | |
| Net Invested Capital | 38.2M | 73.2M | 73.5M | 76.5M | 87.9M | 61.5M | |
| Net Working Capital | 194.5K | 29.5M | 13.7M | 337.5K | 388.2K | 368.8K | |
| Capital Stock | 86.7M | 107.5M | 108.6M | 115.5M | 132.8M | 110.9M |
Pair Trading with Freegold Ventures
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 Freegold Ventures 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 Freegold Ventures will appreciate offsetting losses from the drop in the long position's value.Moving together with Freegold Stock
Moving against Freegold Stock
The ability to find closely correlated positions to Freegold Ventures could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freegold Ventures 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 Freegold Ventures - 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 Freegold Ventures Limited to buy it.
The correlation of Freegold Ventures 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 Freegold Ventures moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freegold Ventures 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 Freegold Ventures 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 Freegold Stock
Balance Sheet is a snapshot of the financial position of Freegold Ventures at a specified time, usually calculated after every quarter, six months, or one year. Freegold Ventures Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Freegold Ventures 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 Freegold currently owns. An asset can also be divided into two categories, current and non-current.