Orvana Non Current Assets Total vs Total Assets 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 Non Current Assets Total and its Total Assets 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.
Non Current Assets Total vs Total Assets
Non Current Assets Total vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orvana Minerals Corp Non Current Assets Total account and Total Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Orvana Minerals' Non Current Assets Total and Total Assets is 0.99. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Assets 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' Non Current Assets Total and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Orvana Minerals Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Current Assets Total i.e., Orvana Minerals' Non Current Assets Total and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.Total Assets
Total assets refers to the total amount of Orvana Minerals assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Orvana Minerals Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.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
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Orvana Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
Moving against Orvana Stock
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0.55 | TRP | TC Energy Corp | PairCorr |
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.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.