Romios Net Tangible Assets vs Cash Analysis

RG Stock

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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 Tangible Assets and its Cash 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 Tangible Assets vs Cash

Net Tangible Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Romios Gold Resources Net Tangible Assets account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Romios Gold's Net Tangible Assets and Cash is 0.47. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Cash 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 Tangible Assets and Cash 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 Tangible Assets of Romios Gold Resources are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Tangible Assets i.e., Romios Gold's Net Tangible Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Cash

Cash refers to the most liquid asset of Romios Gold Resources, which is listed under current asset account on Romios Gold Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Romios Gold customers. The amounts must be unrestricted with restricted cash listed in a different Romios Gold account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant And Equipment Net	Accounts Payable	Inventory	Other Current Assets	Net Tangible Assets	Property Plant Equipment
Total Assets		-0.31	-0.54	-0.52	1.0	-0.87	0.63	0.87	0.99	0.51	0.52	-0.17	-0.19	-0.21	0.82	-0.24	0.79	0.54	-0.35	0.06	0.99	0.12	-0.46	0.31	0.53	0.46
Short Long Term Debt Total	-0.31		0.23	0.5	-0.34	0.47	-0.4	-0.42	-0.26	-0.24	-0.43	-0.13	-0.05	0.54	-0.18	0.55	0.1	-0.52	0.99	0.2	-0.26	0.19	-0.1	0.26	-0.43	-0.57
Other Current Liab	-0.54	0.23		0.9	-0.58	0.39	-0.65	-0.37	-0.59	-0.56	0.16	-0.1	-0.18	0.57	-0.63	0.53	-0.02	0.09	0.34	0.36	-0.59	0.16	0.14	-0.05	-0.87	-0.82
Total Current Liabilities	-0.52	0.5	0.9		-0.57	0.36	-0.68	-0.33	-0.57	-0.59	0.17	-0.13	-0.15	0.71	-0.58	0.69	0.08	0.07	0.59	0.36	-0.56	0.36	0.02	0.02	-0.85	-0.93
Total Stockholder Equity	1.0	-0.34	-0.58	-0.57		-0.86	0.64	0.86	0.99	0.54	0.49	-0.16	-0.19	-0.25	0.83	-0.28	0.75	0.53	-0.39	0.05	0.99	0.09	-0.45	0.3	0.57	0.5
Net Debt	-0.87	0.47	0.39	0.36	-0.86		-0.53	-1.0	-0.81	-0.38	-0.8	0.11	0.19	0.2	-0.75	0.24	-0.7	-0.83	0.48	-0.07	-0.81	-0.37	0.47	-0.29	-0.49	-0.35
Retained Earnings	0.63	-0.4	-0.65	-0.68	0.64	-0.53		0.52	0.64	0.03	0.13	0.62	0.6	-0.85	0.55	-0.86	0.33	0.24	-0.44	-0.72	0.63	-0.02	0.23	-0.11	0.76	0.68
Cash	0.87	-0.42	-0.37	-0.33	0.86	-1.0	0.52		0.81	0.36	0.8	-0.11	-0.19	-0.17	0.75	-0.22	0.73	0.83	-0.43	0.08	0.81	0.39	-0.48	0.32	0.47	0.31
Non Current Assets Total	0.99	-0.26	-0.59	-0.57	0.99	-0.81	0.64	0.81		0.55	0.41	-0.17	-0.18	-0.23	0.82	-0.25	0.76	0.44	-0.31	0.05	1.0	0.05	-0.44	0.31	0.55	0.5
Non Currrent Assets Other	0.51	-0.24	-0.56	-0.59	0.54	-0.38	0.03	0.36	0.55		0.02	-0.66	-0.63	0.06	0.49	0.09	0.1	0.02	-0.31	0.46	0.55	-0.3	-0.45	0.24	0.46	0.57
Cash And Short Term Investments	0.52	-0.43	0.16	0.17	0.49	-0.8	0.13	0.8	0.41	0.02		-0.14	-0.27	0.13	0.36	0.07	0.61	0.99	-0.37	0.26	0.41	0.56	-0.44	0.25	0.04	-0.14
Net Receivables	-0.17	-0.13	-0.1	-0.13	-0.16	0.11	0.62	-0.11	-0.17	-0.66	-0.14		0.95	-0.75	-0.15	-0.77	-0.18	-0.04	-0.12	-0.92	-0.18	0.12	0.71	-0.38	0.31	0.19
Good Will	-0.19	-0.05	-0.18	-0.15	-0.19	0.19	0.6	-0.19	-0.18	-0.63	-0.27	0.95		-0.72	-0.14	-0.72	-0.21	-0.18	-0.04	-0.97	-0.19	-0.05	0.71	-0.41	0.3	0.2
Common Stock Shares Outstanding	-0.21	0.54	0.57	0.71	-0.25	0.2	-0.85	-0.17	-0.23	0.06	0.13	-0.75	-0.72		-0.21	0.99	0.19	0.0	0.58	0.84	-0.22	0.19	-0.54	0.41	-0.74	-0.77
Non Current Liabilities Total	0.82	-0.18	-0.63	-0.58	0.83	-0.75	0.55	0.75	0.82	0.49	0.36	-0.15	-0.14	-0.21		-0.24	0.56	0.38	-0.23	0.02	0.82	0.12	-0.52	0.43	0.56	0.43
Other Stockholder Equity	-0.24	0.55	0.53	0.69	-0.28	0.24	-0.86	-0.22	-0.25	0.09	0.07	-0.77	-0.72	0.99	-0.24		0.13	-0.07	0.58	0.83	-0.24	0.15	-0.52	0.33	-0.71	-0.72
Total Liab	0.79	0.1	-0.02	0.08	0.75	-0.7	0.33	0.73	0.76	0.1	0.61	-0.18	-0.21	0.19	0.56	0.13		0.59	0.11	0.22	0.76	0.37	-0.47	0.41	0.02	-0.13
Total Current Assets	0.54	-0.52	0.09	0.07	0.53	-0.83	0.24	0.83	0.44	0.02	0.99	-0.04	-0.18	0.0	0.38	-0.07	0.59		-0.46	0.14	0.44	0.54	-0.36	0.2	0.14	-0.04
Short Term Debt	-0.35	0.99	0.34	0.59	-0.39	0.48	-0.44	-0.43	-0.31	-0.31	-0.37	-0.12	-0.04	0.58	-0.23	0.58	0.11	-0.46		0.21	-0.31	0.19	-0.1	0.29	-0.51	-0.67
Common Stock	0.06	0.2	0.36	0.36	0.05	-0.07	-0.72	0.08	0.05	0.46	0.26	-0.92	-0.97	0.84	0.02	0.83	0.22	0.14	0.21		0.05	0.11	-0.68	0.45	-0.49	-0.41
Property Plant And Equipment Net	0.99	-0.26	-0.59	-0.56	0.99	-0.81	0.63	0.81	1.0	0.55	0.41	-0.18	-0.19	-0.22	0.82	-0.24	0.76	0.44	-0.31	0.05		0.05	-0.45	0.31	0.55	0.49
Accounts Payable	0.12	0.19	0.16	0.36	0.09	-0.37	-0.02	0.39	0.05	-0.3	0.56	0.12	-0.05	0.19	0.12	0.15	0.37	0.54	0.19	0.11	0.05		-0.26	0.24	-0.03	-0.35
Inventory	-0.46	-0.1	0.14	0.02	-0.45	0.47	0.23	-0.48	-0.44	-0.45	-0.44	0.71	0.71	-0.54	-0.52	-0.52	-0.47	-0.36	-0.1	-0.68	-0.45	-0.26		-0.68	0.09	0.19
Other Current Assets	0.31	0.26	-0.05	0.02	0.3	-0.29	-0.11	0.32	0.31	0.24	0.25	-0.38	-0.41	0.41	0.43	0.33	0.41	0.2	0.29	0.45	0.31	0.24	-0.68		-0.11	-0.29
Net Tangible Assets	0.53	-0.43	-0.87	-0.85	0.57	-0.49	0.76	0.47	0.55	0.46	0.04	0.31	0.3	-0.74	0.56	-0.71	0.02	0.14	-0.51	-0.49	0.55	-0.03	0.09	-0.11		0.88
Property Plant Equipment	0.46	-0.57	-0.82	-0.93	0.5	-0.35	0.68	0.31	0.5	0.57	-0.14	0.19	0.2	-0.77	0.43	-0.72	-0.13	-0.04	-0.67	-0.41	0.49	-0.35	0.19	-0.29	0.88

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Romios Gold Account Relationship Matchups

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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