Romios Net Borrowings vs Free Cash Flow Analysis
RG Stock | CAD 0.01 0.01 50.00% |
Romios Gold financial indicator trend analysis is much more than just breaking down Romios Gold Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Romios Gold Resources is a good investment. Please check the relationship between Romios Gold Net Borrowings and its Free Cash Flow accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Romios Gold Resources. 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 Borrowings vs Free Cash Flow
Net Borrowings vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Romios Gold Resources Net Borrowings account and Free Cash Flow. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Romios Gold's Net Borrowings and Free Cash Flow is -0.04. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Romios Gold Resources, assuming nothing else is changed. The correlation between historical values of Romios Gold's Net Borrowings and Free Cash Flow 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 Borrowings of Romios Gold Resources are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Borrowings i.e., Romios Gold's Net Borrowings and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.04 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Most indicators from Romios Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Romios Gold Resources 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 Romios Gold Resources. 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, Romios Gold's Selling General Administrative is fairly stable compared to the past year. Tax Provision is expected to grow at the current pace this year, whereas Enterprise Value Over EBITDA is likely to drop (3.58) in 2024.
Romios Gold fundamental ratios Correlations
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Romios Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Romios Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.9M | 3.9M | 3.7M | 1.4M | 259.7K | 246.7K | |
Other Current Liab | 741.4K | 1.0M | 988.5K | 830.3K | 954.8K | 523.9K | |
Total Current Liabilities | 818.1K | 1.1M | 1.1M | 1.1M | 1.2M | 1.3M | |
Total Stockholder Equity | 2.1M | 2.7M | 2.5M | 221.0K | (989.8K) | (940.3K) | |
Net Debt | (108.0K) | (871.2K) | (1.0M) | 120.5K | 108.4K | 113.9K | |
Retained Earnings | (36.0M) | (36.4M) | (37.7M) | (40.4M) | (41.9M) | (39.8M) | |
Cash | 159.9K | 905.5K | 1.1M | 45.4K | 30.5K | 28.9K | |
Non Current Assets Total | 2.3M | 1.4M | 689.3K | 843.7K | 94.5K | 89.8K | |
Cash And Short Term Investments | 647.7K | 2.4M | 2.8M | 444.7K | 511.4K | 485.8K | |
Net Receivables | 7.2K | 16.1K | 29.7K | 22.9K | 13.1K | 12.4K | |
Common Stock Shares Outstanding | 198.4M | 209.1M | 228.9M | 239.3M | 252.1M | 264.7M | |
Liabilities And Stockholders Equity | 2.9M | 3.9M | 3.7M | 1.4M | 1.6M | 1.5M | |
Total Liab | 852.4K | 1.1M | 1.1M | 1.2M | 1.2M | 1.1M | |
Total Current Assets | 669.5K | 2.5M | 3.0M | 546.6K | 165.2K | 156.9K | |
Property Plant And Equipment Net | 2.3M | 1.4M | 689.3K | 843.7K | 94.5K | 89.8K | |
Accounts Payable | 59.1K | 61.5K | 145.3K | 173.1K | 157.7K | 127.7K | |
Other Current Assets | 14.6K | 16.3K | 103.6K | 79.0K | 90.9K | 46.8K | |
Net Tangible Assets | 4.2M | 2.1M | 2.7M | 2.5M | 2.3M | 3.0M | |
Property Plant Equipment | 2.2M | 2.3M | 1.4M | 689.3K | 620.4K | 589.4K | |
Net Invested Capital | 2.1M | 2.7M | 2.5M | 221.0K | (989.8K) | (940.3K) | |
Net Working Capital | (148.6K) | 1.3M | 1.8M | (515.0K) | (1.0M) | (990.2K) | |
Short Term Investments | 487.8K | 1.5M | 1.8M | 399.2K | 46.9K | 44.6K |
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When running Romios Gold's price analysis, check to measure Romios Gold's 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 Romios Gold is operating at the current time. Most of Romios Gold's value examination focuses on studying past and present price action to predict the probability of Romios Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Romios Gold's price. Additionally, you may evaluate how the addition of Romios Gold to your portfolios can decrease your overall portfolio volatility.