Romios Non Current Liabilities Total vs Accounts Payable 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 Non Current Liabilities Total and its Accounts Payable 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.
Non Current Liabilities Total vs Accounts Payable
Non Current Liabilities Total vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Romios Gold Resources Non Current Liabilities Total account and Accounts Payable. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Romios Gold's Non Current Liabilities Total and Accounts Payable is 0.12. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Accounts Payable 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 Non Current Liabilities Total and Accounts Payable 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 Liabilities Total of Romios Gold Resources are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Current Liabilities Total i.e., Romios Gold's Non Current Liabilities Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.12 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Non Current Liabilities Total
Accounts Payable
An accounting item on the balance sheet that represents Romios Gold obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Romios Gold Resources are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.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.