Orvana Total Stockholder Equity vs Non Current Liabilities Total 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 Total Stockholder Equity and its Non Current Liabilities Total 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.

Total Stockholder Equity vs Non Current Liabilities Total

Total Stockholder Equity vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orvana Minerals Corp Total Stockholder Equity account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Orvana Minerals' Total Stockholder Equity and Non Current Liabilities Total is 0.71. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Non Current Liabilities Total 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' Total Stockholder Equity and Non Current Liabilities 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 Total Stockholder Equity of Orvana Minerals Corp are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Stockholder Equity i.e., Orvana Minerals' Total Stockholder Equity and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Non Current Liabilities Total

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 15th 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

0.850.80.890.970.770.720.540.090.99-0.120.090.710.460.930.790.260.91-0.120.91-0.050.320.460.670.61-0.21
0.850.770.620.850.970.50.32-0.150.88-0.02-0.150.820.280.940.56-0.050.90.10.660.060.560.720.620.32-0.08
0.80.770.480.680.740.240.75-0.150.80.1-0.150.610.710.810.530.040.950.060.70.430.460.570.730.72-0.12
0.890.620.480.920.50.90.340.340.85-0.260.340.520.20.710.850.440.63-0.290.9-0.360.020.180.540.45-0.24
0.970.850.680.920.750.80.40.160.96-0.240.160.760.280.910.730.340.84-0.190.88-0.240.320.40.560.49-0.24
0.770.970.740.50.750.370.25-0.350.820.11-0.350.760.30.910.49-0.20.870.250.530.150.610.780.610.27-0.01
0.720.50.240.90.80.370.110.340.68-0.570.340.49-0.180.530.730.490.42-0.50.74-0.58-0.160.020.360.16-0.45
0.540.320.750.340.40.250.110.120.510.020.120.180.680.440.350.170.62-0.280.550.55-0.030.050.540.82-0.32
0.09-0.15-0.150.340.16-0.350.340.12-0.02-0.361.00.0-0.22-0.130.140.56-0.15-0.50.36-0.42-0.25-0.38-0.110.08-0.1
0.990.880.80.850.960.820.680.51-0.02-0.07-0.020.720.470.960.720.180.93-0.060.830.00.370.50.640.57-0.19
-0.12-0.020.1-0.26-0.240.11-0.570.02-0.36-0.07-0.36-0.360.53-0.01-0.08-0.530.030.74-0.220.580.250.270.220.170.67
0.09-0.15-0.150.340.16-0.350.340.121.0-0.02-0.360.0-0.22-0.130.140.56-0.15-0.50.36-0.42-0.25-0.38-0.110.08-0.1
0.710.820.610.520.760.760.490.180.00.72-0.360.00.080.80.360.070.75-0.040.6-0.190.70.660.210.16-0.15
0.460.280.710.20.280.3-0.180.68-0.220.470.53-0.220.080.470.27-0.040.610.330.380.590.350.280.450.80.18
0.930.940.810.710.910.910.530.44-0.130.96-0.01-0.130.80.470.580.030.960.080.730.060.570.630.540.49-0.11
0.790.560.530.850.730.490.730.350.140.72-0.080.140.360.270.580.20.58-0.080.88-0.13-0.020.320.760.42-0.19
0.26-0.050.040.440.34-0.20.490.170.560.18-0.530.560.07-0.040.030.20.04-0.610.41-0.56-0.31-0.530.080.39-0.36
0.910.90.950.630.840.870.420.62-0.150.930.03-0.150.750.610.960.580.040.060.750.250.530.630.660.63-0.14
-0.120.10.06-0.29-0.190.25-0.5-0.28-0.5-0.060.74-0.5-0.040.330.08-0.08-0.610.06-0.240.350.580.580.02-0.110.64
0.910.660.70.90.880.530.740.550.360.83-0.220.360.60.380.730.880.410.75-0.24-0.170.170.30.660.63-0.24
-0.050.060.43-0.36-0.240.15-0.580.55-0.420.00.58-0.42-0.190.590.06-0.13-0.560.250.35-0.170.130.330.310.280.16
0.320.560.460.020.320.61-0.16-0.03-0.250.370.25-0.250.70.350.57-0.02-0.310.530.580.170.130.79-0.010.070.37
0.460.720.570.180.40.780.020.05-0.380.50.27-0.380.660.280.630.32-0.530.630.580.30.330.790.36-0.030.26
0.670.620.730.540.560.610.360.54-0.110.640.22-0.110.210.450.540.760.080.660.020.660.31-0.010.360.57-0.09
0.610.320.720.450.490.270.160.820.080.570.170.080.160.80.490.420.390.63-0.110.630.280.07-0.030.57-0.12
-0.21-0.08-0.12-0.24-0.24-0.01-0.45-0.32-0.1-0.190.67-0.1-0.150.18-0.11-0.19-0.36-0.140.64-0.240.160.370.26-0.09-0.12
Click cells to compare fundamentals

Orvana Minerals Account Relationship Matchups

Orvana Minerals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets150.9M144.9M128.8M123.2M141.7M128.1M
Short Long Term Debt Total22.0M14.7M20.2M16.1M18.6M21.2M
Total Current Liabilities48.1M45.6M41.1M38.4M44.2M27.5M
Total Stockholder Equity71.0M69.9M54.2M56.6M65.0M75.3M
Property Plant And Equipment Net73.4M70.9M63.8M59.1M67.9M76.8M
Net Debt6.5M3.4M13.7M7.8M9.0M9.4M
Retained Earnings(49.1M)(50.2M)(62.0M)(59.2M)(68.1M)(64.7M)
Accounts Payable27.0M25.9M16.5M12.3M14.2M13.1M
Cash15.6M11.3M6.5M8.3M9.6M18.2M
Non Current Assets Total114.0M109.4M100.1M97.1M111.7M90.4M
Non Currrent Assets Other25.8M25.8M23.7M38.0M43.7M45.9M
Cash And Short Term Investments15.6M11.3M6.5M8.3M9.6M18.2M
Net Receivables1.2M231K1.3M1.0M1.2M1.1M
Liabilities And Stockholders Equity150.9M144.9M128.8M123.2M141.7M128.1M
Non Current Liabilities Total31.9M29.5M33.5M28.3M32.5M28.4M
Other Current Assets8.0M8.7M8.4M4.1M4.8M9.4M
Other Stockholder Equity191.9M3.8M3.9M5.8M3.5M3.3M
Total Liab80.0M75.1M74.6M66.7M76.7M52.8M
Property Plant And Equipment Gross73.4M305.9M314.5M328.1M377.4M396.2M
Total Current Assets36.9M35.5M28.7M26.2M30.1M37.7M
Other Assets30.2M40.7M38.5M25.2M28.9M21.6M
Other Current Liab6.6M7.2M13.7M15.3M17.6M18.5M
Short Term Debt14.5M12.5M10.9M9.6M11.1M10.2M
Inventory12.1M15.2M12.4M12.7M14.6M11.8M
Other Liab27.2M24.4M27.3M24.2M21.8M22.4M
Net Tangible Assets72.5M71.0M69.9M54.2M48.8M69.3M
Short Long Term Debt13.5M11.0M10.7M8.6M9.9M11.9M
Property Plant Equipment84.1M73.4M70.9M63.8M57.4M73.7M
Long Term Debt5.7M2.2M9.3M6.2M7.2M6.2M
Long Term Debt Total7.6M7.5M2.2M9.3M10.7M11.3M
Capital Lease Obligations2.9M1.5M294K1.3M1.2M1.1M
Non Current Liabilities Other845K666K298K746K671.4K1.1M
Cash And Equivalents12.4M15.6M11.3M6.5M5.9M11.4M
Net Invested Capital90.1M83.0M74.1M71.4M64.3M70.2M
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

  0.65ORE Orezone Gold CorpPairCorr

Moving against Orvana Stock

  0.84ENB EnbridgePairCorr
  0.83BNS Bank of Nova ScotiaPairCorr
  0.71MFC Manulife Financial CorpPairCorr
  0.71CM Canadian Imperial BankPairCorr
  0.56TRP TC Energy CorpPairCorr
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 CorrelationCorrelation 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.