Outback Interest Coverage vs Average Payables Analysis
OZ Stock | 0.33 0.05 17.86% |
Outback Goldfields financial indicator trend analysis is much more than just breaking down Outback Goldfields Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Outback Goldfields Corp is a good investment. Please check the relationship between Outback Goldfields Interest Coverage and its Average Payables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Outback Goldfields 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.
Interest Coverage vs Average Payables
Interest Coverage vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Outback Goldfields Corp Interest Coverage account and Average Payables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Outback Goldfields' Interest Coverage and Average Payables is 0.85. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Average Payables in the same time period over historical financial statements of Outback Goldfields Corp, assuming nothing else is changed. The correlation between historical values of Outback Goldfields' Interest Coverage and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Outback Goldfields Corp are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Interest Coverage i.e., Outback Goldfields' Interest Coverage and Average Payables go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Interest Coverage
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most indicators from Outback Goldfields' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Outback Goldfields 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 Outback Goldfields 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. Selling General Administrative is likely to climb to about 1.6 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (2.19) in 2024.
Outback Goldfields fundamental ratios Correlations
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Outback Goldfields Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Outback Goldfields fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 148.5K | 29.6M | 27.1M | 15.1M | 17.4M | 13.3M | |
Total Current Liabilities | 40.3K | 406.2K | 73.0K | 139.7K | 160.7K | 140.9K | |
Total Stockholder Equity | 108.2K | 29.2M | 27.1M | 15.0M | 17.2M | 13.2M | |
Net Tangible Assets | 279.2K | 108.2K | 29.2M | 27.1M | 31.1M | 32.7M | |
Retained Earnings | (568.4K) | (3.6M) | (6.3M) | (18.6M) | (16.7M) | (15.9M) | |
Accounts Payable | 29.3K | 13.3K | 406.2K | 73.0K | 84.0K | 126.5K | |
Cash | 131.0K | 6.8M | 3.1M | 1.3M | 1.5M | 2.2M | |
Non Current Assets Total | 7.7K | 22.2M | 24.0M | 13.7M | 15.7M | 11.0M | |
Net Receivables | 795.0 | 3.8K | 169.6K | 27.4K | 31.5K | 44.4K | |
Total Liab | 40.3K | 406.2K | 73.0K | 139.7K | 160.7K | 140.9K | |
Net Invested Capital | 135.2K | 29.2M | 27.1M | 15.0M | 17.2M | 13.2M | |
Total Current Assets | 140.8K | 7.4M | 3.2M | 1.4M | 1.7M | 2.3M | |
Net Working Capital | 100.6K | 7.0M | 3.1M | 1.3M | 1.5M | 2.2M | |
Property Plant Equipment | 104.7K | 7.7K | 22.2M | 24.0M | 27.5M | 28.9M |
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When running Outback Goldfields' price analysis, check to measure Outback Goldfields' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Outback Goldfields is operating at the current time. Most of Outback Goldfields' value examination focuses on studying past and present price action to predict the probability of Outback Goldfields' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Outback Goldfields' price. Additionally, you may evaluate how the addition of Outback Goldfields to your portfolios can decrease your overall portfolio volatility.