Orvana Net Debt vs Cash And Short Term Investments Analysis

ORV Stock

CAD 0.27 0.01 3.57%

Orvana Minerals financial indicator trend analysis is much more than just breaking down Orvana Minerals Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orvana Minerals Corp is a good investment. Please check the relationship between Orvana Minerals Net Debt and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orvana Minerals 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.

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orvana Minerals Corp Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Orvana Minerals' Net Debt and Cash And Short Term Investments is -0.35. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Orvana Minerals Corp, assuming nothing else is changed. The correlation between historical values of Orvana Minerals' Net Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Orvana Minerals Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., Orvana Minerals' Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Orvana Minerals Corp balance sheet. This account contains Orvana Minerals investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Orvana Minerals Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Orvana Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orvana Minerals 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 Orvana Minerals 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, Orvana Minerals' Selling General Administrative is very stable compared to the past year. As of the 14th of December 2024, Sales General And Administrative To Revenue is likely to grow to 8.27, while Discontinued Operations is likely to drop (837.3 K).

Orvana Minerals fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Assets	Other Current Liab	Current Deferred Revenue	Short Term Debt	Inventory	Common Stock
Total Assets		0.85	0.8	0.89	0.97	0.77	0.72	0.54	0.09	0.99	-0.12	0.09	0.71	0.46	0.93	0.79	0.26	0.91	-0.12	0.91	-0.05	0.32	0.46	0.67	0.61	-0.21
Short Long Term Debt Total	0.85		0.77	0.62	0.85	0.97	0.5	0.32	-0.15	0.88	-0.02	-0.15	0.82	0.28	0.94	0.56	-0.05	0.9	0.1	0.66	0.06	0.56	0.72	0.62	0.32	-0.08
Total Current Liabilities	0.8	0.77		0.48	0.68	0.74	0.24	0.75	-0.15	0.8	0.1	-0.15	0.61	0.71	0.81	0.53	0.04	0.95	0.06	0.7	0.43	0.46	0.57	0.73	0.72	-0.12
Total Stockholder Equity	0.89	0.62	0.48		0.92	0.5	0.9	0.34	0.34	0.85	-0.26	0.34	0.52	0.2	0.71	0.85	0.44	0.63	-0.29	0.9	-0.36	0.02	0.18	0.54	0.45	-0.24
Property Plant And Equipment Net	0.97	0.85	0.68	0.92		0.75	0.8	0.4	0.16	0.96	-0.24	0.16	0.76	0.28	0.91	0.73	0.34	0.84	-0.19	0.88	-0.24	0.32	0.4	0.56	0.49	-0.24
Net Debt	0.77	0.97	0.74	0.5	0.75		0.37	0.25	-0.35	0.82	0.11	-0.35	0.76	0.3	0.91	0.49	-0.2	0.87	0.25	0.53	0.15	0.61	0.78	0.61	0.27	-0.01
Retained Earnings	0.72	0.5	0.24	0.9	0.8	0.37		0.11	0.34	0.68	-0.57	0.34	0.49	-0.18	0.53	0.73	0.49	0.42	-0.5	0.74	-0.58	-0.16	0.02	0.36	0.16	-0.45
Accounts Payable	0.54	0.32	0.75	0.34	0.4	0.25	0.11		0.12	0.51	0.02	0.12	0.18	0.68	0.44	0.35	0.17	0.62	-0.28	0.55	0.55	-0.03	0.05	0.54	0.82	-0.32
Cash	0.09	-0.15	-0.15	0.34	0.16	-0.35	0.34	0.12		-0.02	-0.36	1.0	0.0	-0.22	-0.13	0.14	0.56	-0.15	-0.5	0.36	-0.42	-0.25	-0.38	-0.11	0.08	-0.1
Non Current Assets Total	0.99	0.88	0.8	0.85	0.96	0.82	0.68	0.51	-0.02		-0.07	-0.02	0.72	0.47	0.96	0.72	0.18	0.93	-0.06	0.83	0.0	0.37	0.5	0.64	0.57	-0.19
Non Currrent Assets Other	-0.12	-0.02	0.1	-0.26	-0.24	0.11	-0.57	0.02	-0.36	-0.07		-0.36	-0.36	0.53	-0.01	-0.08	-0.53	0.03	0.74	-0.22	0.58	0.25	0.27	0.22	0.17	0.67
Cash And Short Term Investments	0.09	-0.15	-0.15	0.34	0.16	-0.35	0.34	0.12	1.0	-0.02	-0.36		0.0	-0.22	-0.13	0.14	0.56	-0.15	-0.5	0.36	-0.42	-0.25	-0.38	-0.11	0.08	-0.1
Net Receivables	0.71	0.82	0.61	0.52	0.76	0.76	0.49	0.18	0.0	0.72	-0.36	0.0		0.08	0.8	0.36	0.07	0.75	-0.04	0.6	-0.19	0.7	0.66	0.21	0.16	-0.15
Common Stock Shares Outstanding	0.46	0.28	0.71	0.2	0.28	0.3	-0.18	0.68	-0.22	0.47	0.53	-0.22	0.08		0.47	0.27	-0.04	0.61	0.33	0.38	0.59	0.35	0.28	0.45	0.8	0.18
Non Current Liabilities Total	0.93	0.94	0.81	0.71	0.91	0.91	0.53	0.44	-0.13	0.96	-0.01	-0.13	0.8	0.47		0.58	0.03	0.96	0.08	0.73	0.06	0.57	0.63	0.54	0.49	-0.11
Other Current Assets	0.79	0.56	0.53	0.85	0.73	0.49	0.73	0.35	0.14	0.72	-0.08	0.14	0.36	0.27	0.58		0.2	0.58	-0.08	0.88	-0.13	-0.02	0.32	0.76	0.42	-0.19
Other Stockholder Equity	0.26	-0.05	0.04	0.44	0.34	-0.2	0.49	0.17	0.56	0.18	-0.53	0.56	0.07	-0.04	0.03	0.2		0.04	-0.61	0.41	-0.56	-0.31	-0.53	0.08	0.39	-0.36
Total Liab	0.91	0.9	0.95	0.63	0.84	0.87	0.42	0.62	-0.15	0.93	0.03	-0.15	0.75	0.61	0.96	0.58	0.04		0.06	0.75	0.25	0.53	0.63	0.66	0.63	-0.14
Property Plant And Equipment Gross	-0.12	0.1	0.06	-0.29	-0.19	0.25	-0.5	-0.28	-0.5	-0.06	0.74	-0.5	-0.04	0.33	0.08	-0.08	-0.61	0.06		-0.24	0.35	0.58	0.58	0.02	-0.11	0.64
Total Current Assets	0.91	0.66	0.7	0.9	0.88	0.53	0.74	0.55	0.36	0.83	-0.22	0.36	0.6	0.38	0.73	0.88	0.41	0.75	-0.24		-0.17	0.17	0.3	0.66	0.63	-0.24
Other Assets	-0.05	0.06	0.43	-0.36	-0.24	0.15	-0.58	0.55	-0.42	0.0	0.58	-0.42	-0.19	0.59	0.06	-0.13	-0.56	0.25	0.35	-0.17		0.13	0.33	0.31	0.28	0.16
Other Current Liab	0.32	0.56	0.46	0.02	0.32	0.61	-0.16	-0.03	-0.25	0.37	0.25	-0.25	0.7	0.35	0.57	-0.02	-0.31	0.53	0.58	0.17	0.13		0.79	-0.01	0.07	0.37
Current Deferred Revenue	0.46	0.72	0.57	0.18	0.4	0.78	0.02	0.05	-0.38	0.5	0.27	-0.38	0.66	0.28	0.63	0.32	-0.53	0.63	0.58	0.3	0.33	0.79		0.36	-0.03	0.26
Short Term Debt	0.67	0.62	0.73	0.54	0.56	0.61	0.36	0.54	-0.11	0.64	0.22	-0.11	0.21	0.45	0.54	0.76	0.08	0.66	0.02	0.66	0.31	-0.01	0.36		0.57	-0.09
Inventory	0.61	0.32	0.72	0.45	0.49	0.27	0.16	0.82	0.08	0.57	0.17	0.08	0.16	0.8	0.49	0.42	0.39	0.63	-0.11	0.63	0.28	0.07	-0.03	0.57		-0.12
Common Stock	-0.21	-0.08	-0.12	-0.24	-0.24	-0.01	-0.45	-0.32	-0.1	-0.19	0.67	-0.1	-0.15	0.18	-0.11	-0.19	-0.36	-0.14	0.64	-0.24	0.16	0.37	0.26	-0.09	-0.12

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Orvana Minerals Account Relationship Matchups

Orvana Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	150.9M	144.9M	128.8M	123.2M	141.7M	128.1M
Short Long Term Debt Total	22.0M	14.7M	20.2M	16.1M	18.6M	21.2M
Total Current Liabilities	48.1M	45.6M	41.1M	38.4M	44.2M	27.5M
Total Stockholder Equity	71.0M	69.9M	54.2M	56.6M	65.0M	75.3M
Property Plant And Equipment Net	73.4M	70.9M	63.8M	59.1M	67.9M	76.8M
Net Debt	6.5M	3.4M	13.7M	7.8M	9.0M	9.4M
Retained Earnings	(49.1M)	(50.2M)	(62.0M)	(59.2M)	(68.1M)	(64.7M)
Accounts Payable	27.0M	25.9M	16.5M	12.3M	14.2M	13.1M
Cash	15.6M	11.3M	6.5M	8.3M	9.6M	18.2M
Non Current Assets Total	114.0M	109.4M	100.1M	97.1M	111.7M	90.4M
Non Currrent Assets Other	25.8M	25.8M	23.7M	38.0M	43.7M	45.9M
Cash And Short Term Investments	15.6M	11.3M	6.5M	8.3M	9.6M	18.2M
Net Receivables	1.2M	231K	1.3M	1.0M	1.2M	1.1M
Liabilities And Stockholders Equity	150.9M	144.9M	128.8M	123.2M	141.7M	128.1M
Non Current Liabilities Total	31.9M	29.5M	33.5M	28.3M	32.5M	28.4M
Other Current Assets	8.0M	8.7M	8.4M	4.1M	4.8M	9.4M
Other Stockholder Equity	191.9M	3.8M	3.9M	5.8M	3.5M	3.3M
Total Liab	80.0M	75.1M	74.6M	66.7M	76.7M	52.8M
Property Plant And Equipment Gross	73.4M	305.9M	314.5M	328.1M	377.4M	396.2M
Total Current Assets	36.9M	35.5M	28.7M	26.2M	30.1M	37.7M
Other Assets	30.2M	40.7M	38.5M	25.2M	28.9M	21.6M
Other Current Liab	6.6M	7.2M	13.7M	15.3M	17.6M	18.5M
Short Term Debt	14.5M	12.5M	10.9M	9.6M	11.1M	10.2M
Inventory	12.1M	15.2M	12.4M	12.7M	14.6M	11.8M
Other Liab	27.2M	24.4M	27.3M	24.2M	21.8M	22.4M
Net Tangible Assets	72.5M	71.0M	69.9M	54.2M	48.8M	69.3M
Short Long Term Debt	13.5M	11.0M	10.7M	8.6M	9.9M	11.9M
Property Plant Equipment	84.1M	73.4M	70.9M	63.8M	57.4M	73.7M
Long Term Debt	5.7M	2.2M	9.3M	6.2M	7.2M	6.2M
Long Term Debt Total	7.6M	7.5M	2.2M	9.3M	10.7M	11.3M
Capital Lease Obligations	2.9M	1.5M	294K	1.3M	1.2M	1.1M
Non Current Liabilities Other	845K	666K	298K	746K	671.4K	1.1M
Cash And Equivalents	12.4M	15.6M	11.3M	6.5M	5.9M	11.4M
Net Invested Capital	90.1M	83.0M	74.1M	71.4M	64.3M	70.2M
Net Working Capital	(11.2M)	(10.1M)	(12.4M)	(12.3M)	(11.0M)	(11.6M)

Pair Trading with Orvana Minerals

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 Orvana Minerals 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 Orvana Minerals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Orvana Stock

0.65

ORE

Orezone Gold Corp

Pair Corr

Moving against Orvana Stock

0.84	ENB	Enbridge	Pair Corr
0.83	BNS	Bank of Nova Scotia	Pair Corr
0.71	MFC	Manulife Financial Corp	Pair Corr
0.71	CM	Canadian Imperial Bank	Pair Corr
0.55	TRP	TC Energy Corp	Pair Corr

The ability to find closely correlated positions to Orvana Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orvana Minerals 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 Orvana Minerals - 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 Orvana Minerals Corp to buy it.

The correlation of Orvana Minerals 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 Orvana Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orvana Minerals 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 Orvana Minerals 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 Orvana Stock

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

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Orvana Net Debt vs Cash And Short Term Investments Analysis

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Cash And Short Term Investments

Orvana Minerals fundamental ratios Correlations

Orvana Minerals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Orvana Minerals fundamental ratios Accounts

Pair Trading with Orvana Minerals

Moving together with Orvana Stock

Moving against Orvana Stock

Other Information on Investing in Orvana Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.97	Total Assets
Net Debt	+ 0.97	Short Long Term Debt Total
Non Current Assets Total	+ 0.96	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.96	Non Current Assets Total

Property Plant And Equipment Gross	- 0.61	Other Stockholder Equity
Other Assets	- 0.58	Retained Earnings
Non Currrent Assets Other	- 0.57	Retained Earnings
Other Assets	- 0.56	Other Stockholder Equity
Current Deferred Revenue	- 0.53	Other Stockholder Equity
Other Stockholder Equity	- 0.53	Non Currrent Assets Other