Orezone Accounts Payable vs Non Current Assets Total Analysis

ORE Stock

0.86 0.03 3.37%

Orezone Gold financial indicator trend analysis is much more than just breaking down Orezone Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orezone Gold Corp is a good investment. Please check the relationship between Orezone Gold Accounts Payable and its Non Current Assets Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orezone 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.

Accounts Payable vs Non Current Assets Total

Accounts Payable vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orezone Gold Corp Accounts Payable account and Non Current Assets Total. At this time, the significance of the direction appears to have totally related.

The correlation between Orezone Gold's Accounts Payable and Non Current Assets Total is 0.99. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Orezone Gold Corp, assuming nothing else is changed. The correlation between historical values of Orezone Gold's Accounts Payable and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Orezone Gold Corp are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Accounts Payable i.e., Orezone Gold's Accounts Payable and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Orezone 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 Orezone Gold Corp 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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most indicators from Orezone Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orezone 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orezone 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, Orezone Gold's Tax Provision is very stable compared to the past year. As of the 18th of February 2025, Issuance Of Capital Stock is likely to grow to about 21.2 M, while Selling General Administrative is likely to drop about 5.2 M.

	2022	2023	2024	2025 (projected)
Interest Expense	1.7M	14.9M	17.1M	17.9M
Depreciation And Amortization	2.9M	29.6M	34.0M	35.7M

Interest Expense Depreciation And Amortization

Orezone Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Inventory	Short Long Term Debt Total	Short Term Investments	Common Stock	Short Term Debt	Property Plant Equipment
Total Assets		0.98	0.99	0.98	0.99	0.92	-0.36	0.99	0.27	1.0	0.97	0.97	0.27	0.55	0.9	0.97	0.94	0.36	0.99	0.91	0.97	0.97	0.98	0.81	0.88	0.99
Other Current Liab	0.98		0.98	0.94	0.99	0.94	-0.46	0.97	0.26	0.98	0.93	0.95	0.26	0.65	0.92	0.99	0.87	0.35	1.0	0.87	0.95	0.99	0.95	0.85	0.89	1.0
Total Current Liabilities	0.99	0.98		0.96	0.99	0.95	-0.35	1.0	0.16	1.0	0.97	0.99	0.16	0.6	0.88	0.96	0.93	0.33	0.99	0.86	0.99	0.97	0.99	0.79	0.92	0.99
Total Stockholder Equity	0.98	0.94	0.96		0.95	0.83	-0.33	0.97	0.36	0.97	0.95	0.93	0.36	0.4	0.88	0.91	0.97	0.4	0.94	0.95	0.94	0.9	0.95	0.78	0.8	0.94
Property Plant And Equipment Net	0.99	0.99	0.99	0.95		0.95	-0.39	0.98	0.22	1.0	0.95	0.97	0.22	0.61	0.9	0.99	0.9	0.33	1.0	0.87	0.97	0.99	0.97	0.82	0.9	1.0
Net Debt	0.92	0.94	0.95	0.83	0.95		-0.36	0.92	-0.04	0.94	0.89	0.95	-0.04	0.77	0.81	0.95	0.79	0.21	0.96	0.68	0.95	0.98	0.93	0.75	0.96	0.95
Retained Earnings	-0.36	-0.46	-0.35	-0.33	-0.39	-0.36		-0.36	-0.34	-0.35	-0.28	-0.34	-0.34	-0.41	-0.7	-0.45	-0.21	-0.02	-0.41	-0.38	-0.3	-0.42	-0.26	-0.65	-0.26	-0.4
Accounts Payable	0.99	0.97	1.0	0.97	0.98	0.92	-0.36		0.22	0.99	0.97	0.98	0.22	0.56	0.89	0.95	0.95	0.35	0.98	0.89	0.98	0.96	0.99	0.8	0.89	0.98
Cash	0.27	0.26	0.16	0.36	0.22	-0.04	-0.34	0.22		0.21	0.11	0.1	1.0	-0.08	0.36	0.25	0.21	0.46	0.21	0.63	0.09	0.17	0.1	0.37	-0.03	0.22
Non Current Assets Total	1.0	0.98	1.0	0.97	1.0	0.94	-0.35	0.99	0.21		0.97	0.98	0.21	0.57	0.89	0.97	0.94	0.33	0.99	0.88	0.98	0.97	0.98	0.8	0.9	0.99
Non Currrent Assets Other	0.97	0.93	0.97	0.95	0.95	0.89	-0.28	0.97	0.11	0.97		0.96	0.11	0.45	0.85	0.9	0.97	0.25	0.94	0.83	0.97	0.91	0.98	0.76	0.85	0.95
Other Assets	0.97	0.95	0.99	0.93	0.97	0.95	-0.34	0.98	0.1	0.98	0.96		0.1	0.64	0.85	0.93	0.91	0.32	0.97	0.82	1.0	0.96	0.99	0.75	0.95	0.96
Cash And Short Term Investments	0.27	0.26	0.16	0.36	0.22	-0.04	-0.34	0.22	1.0	0.21	0.11	0.1		-0.08	0.36	0.25	0.21	0.46	0.21	0.63	0.09	0.17	0.1	0.37	-0.03	0.22
Net Receivables	0.55	0.65	0.6	0.4	0.61	0.77	-0.41	0.56	-0.08	0.57	0.45	0.64	-0.08		0.51	0.68	0.27	0.17	0.65	0.34	0.62	0.74	0.56	0.52	0.81	0.63
Common Stock Shares Outstanding	0.9	0.92	0.88	0.88	0.9	0.81	-0.7	0.89	0.36	0.89	0.85	0.85	0.36	0.51		0.89	0.81	0.28	0.9	0.85	0.84	0.88	0.83	0.89	0.72	0.9
Non Current Liabilities Total	0.97	0.99	0.96	0.91	0.99	0.95	-0.45	0.95	0.25	0.97	0.9	0.93	0.25	0.68	0.89		0.83	0.31	0.99	0.84	0.93	0.99	0.92	0.83	0.9	0.99
Other Current Assets	0.94	0.87	0.93	0.97	0.9	0.79	-0.21	0.95	0.21	0.94	0.97	0.91	0.21	0.27	0.81	0.83		0.33	0.89	0.87	0.92	0.83	0.95	0.7	0.75	0.89
Other Stockholder Equity	0.36	0.35	0.33	0.4	0.33	0.21	-0.02	0.35	0.46	0.33	0.25	0.32	0.46	0.17	0.28	0.31	0.33		0.32	0.5	0.32	0.31	0.32	0.2	0.28	0.32
Total Liab	0.99	1.0	0.99	0.94	1.0	0.96	-0.41	0.98	0.21	0.99	0.94	0.97	0.21	0.65	0.9	0.99	0.89	0.32		0.86	0.97	0.99	0.96	0.82	0.92	1.0
Total Current Assets	0.91	0.87	0.86	0.95	0.87	0.68	-0.38	0.89	0.63	0.88	0.83	0.82	0.63	0.34	0.85	0.84	0.87	0.5	0.86		0.82	0.81	0.83	0.75	0.68	0.86
Inventory	0.97	0.95	0.99	0.94	0.97	0.95	-0.3	0.98	0.09	0.98	0.97	1.0	0.09	0.62	0.84	0.93	0.92	0.32	0.97	0.82		0.96	1.0	0.75	0.94	0.96
Short Long Term Debt Total	0.97	0.99	0.97	0.9	0.99	0.98	-0.42	0.96	0.17	0.97	0.91	0.96	0.17	0.74	0.88	0.99	0.83	0.31	0.99	0.81	0.96		0.94	0.81	0.94	0.99
Short Term Investments	0.98	0.95	0.99	0.95	0.97	0.93	-0.26	0.99	0.1	0.98	0.98	0.99	0.1	0.56	0.83	0.92	0.95	0.32	0.96	0.83	1.0	0.94		0.74	0.92	0.96
Common Stock	0.81	0.85	0.79	0.78	0.82	0.75	-0.65	0.8	0.37	0.8	0.76	0.75	0.37	0.52	0.89	0.83	0.7	0.2	0.82	0.75	0.75	0.81	0.74		0.65	0.82
Short Term Debt	0.88	0.89	0.92	0.8	0.9	0.96	-0.26	0.89	-0.03	0.9	0.85	0.95	-0.03	0.81	0.72	0.9	0.75	0.28	0.92	0.68	0.94	0.94	0.92	0.65		0.9
Property Plant Equipment	0.99	1.0	0.99	0.94	1.0	0.95	-0.4	0.98	0.22	0.99	0.95	0.96	0.22	0.63	0.9	0.99	0.89	0.32	1.0	0.86	0.96	0.99	0.96	0.82	0.9

Click cells to compare fundamentals

Orezone Gold Account Relationship Matchups

Orezone Gold fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	13.0M	140.5M	252.3M	320.1M	368.1M	386.5M
Total Current Liabilities	3.1M	19.4M	73.8M	83.4M	95.9M	100.7M
Total Stockholder Equity	19.7M	64.0M	79.1M	148.9M	171.2M	179.8M
Property Plant And Equipment Net	2.6M	97.3M	183.3M	193.2M	222.2M	233.3M
Net Debt	(8.7M)	10.3M	113.7M	73.9M	85.0M	89.3M
Retained Earnings	(214.8M)	(233.4M)	(232.4M)	(189.3M)	(170.4M)	(161.8M)
Accounts Payable	677.4K	6.3M	17.5M	21.8M	25.1M	26.3M
Cash	8.9M	36.1M	9.2M	19.5M	22.4M	16.8M
Non Current Assets Total	3.3M	101.4M	221.1M	267.2M	307.2M	322.6M
Non Currrent Assets Other	(3.3M)	3.7M	37.4M	73.9M	85.0M	89.3M
Cash And Short Term Investments	8.9M	36.1M	9.2M	19.5M	22.4M	16.8M
Net Receivables	30.5K	313.4K	5.4M	925K	1.1M	1.1M
Common Stock Shares Outstanding	248.7M	317.9M	346.7M	368.3M	423.6M	444.7M
Liabilities And Stockholders Equity	13.0M	140.5M	252.3M	320.1M	368.1M	386.5M
Non Current Liabilities Total	167.6K	67.3M	108.2M	90.3M	103.8M	109.0M
Other Current Assets	222.5K	2.4M	4.0M	18.8M	21.7M	22.8M
Other Stockholder Equity	16.9M	23.7M	30.2M	30.6M	35.1M	52.8M
Total Liab	3.3M	86.6M	182.0M	173.7M	199.8M	209.8M
Total Current Assets	9.6M	39.1M	31.2M	52.9M	60.9M	63.9M
Accumulated Other Comprehensive Income	21.9M	29.2M	489.1K	682K	784.3K	745.1K
Inventory	507.7K	357.0K	12.7M	13.7M	15.7M	16.5M
Short Long Term Debt Total	167.6K	46.4M	122.9M	93.4M	107.4M	112.8M
Common Stock	212.5M	268.2M	280.9M	306.9M	353.0M	212.7M
Long Term Debt Total	230.8K	167.6K	46.3M	89.7M	103.1M	108.3M
Property Plant Equipment	3.1M	2.6M	97.3M	183.3M	210.8M	221.4M
Net Tangible Assets	20.9M	19.7M	64.0M	79.1M	91.0M	48.9M
Net Invested Capital	19.7M	109.8M	201.0M	241.4M	277.6M	291.5M
Long Term Investments	791.0K	403.1K	307.0K	36K	32.4K	30.8K
Capital Stock	212.5M	268.2M	280.9M	306.9M	353.0M	268.3M
Net Working Capital	6.5M	19.8M	(42.6M)	(30.5M)	(27.4M)	(26.1M)
Capital Lease Obligations	167.6K	578.5K	1.0M	851K	978.7K	628.8K
Property Plant And Equipment Gross	10.0M	105.6M	195.6M	236.7M	272.2M	285.8M

Pair Trading with Orezone 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 Orezone 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 Orezone Gold will appreciate offsetting losses from the drop in the long position's value.

Moving against Orezone Stock

0.58	IE	Ivanhoe Energy	Pair Corr
0.51	NVDA	NVIDIA CDR Earnings Call Tomorrow	Pair Corr
0.47	FDY	Faraday Copper Corp	Pair Corr
0.44	INFM	Infinico Metals Corp	Pair Corr
0.43	MSFT	Microsoft Corp CDR	Pair Corr

The ability to find closely correlated positions to Orezone 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 Orezone 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 Orezone 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 Orezone Gold Corp to buy it.

The correlation of Orezone 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 Orezone Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orezone 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 Orezone 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 Correlation Correlation Matching

Other Information on Investing in Orezone Stock

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

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Orezone Accounts Payable vs Non Current Assets Total Analysis

Accounts Payable vs Non Current Assets Total

Accounts Payable vs Non Current Assets Total Correlation Analysis

Correlation Coefficient

Accounts Payable

Non Current Assets Total

Orezone Gold fundamental ratios Correlations

Orezone Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Orezone Gold fundamental ratios Accounts

Pair Trading with Orezone Gold

Moving against Orezone Stock

Other Information on Investing in Orezone Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Other Current Liab
Property Plant Equipment	+ 1.0	Other Current Liab
Accounts Payable	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Common Stock Shares Outstanding	- 0.7	Retained Earnings
Common Stock	- 0.65	Retained Earnings
Retained Earnings	- 0.46	Other Current Liab
Non Current Liabilities Total	- 0.45	Retained Earnings
Short Long Term Debt Total	- 0.42	Retained Earnings
Total Liab	- 0.41	Retained Earnings