Red Accounts Payable vs Total Assets Analysis

RMX Stock

0.01 0 11.11%

Red Mountain financial indicator trend analysis is much more than just breaking down Red Mountain Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Mountain Mining is a good investment. Please check the relationship between Red Mountain Accounts Payable and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Mountain Mining. 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.

Accounts Payable vs Total Assets

Accounts Payable vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Mountain Mining Accounts Payable account and Total Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between Red Mountain's Accounts Payable and Total Assets is 0.31. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Assets in the same time period over historical financial statements of Red Mountain Mining, assuming nothing else is changed. The correlation between historical values of Red Mountain's Accounts Payable and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Red Mountain Mining are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Accounts Payable i.e., Red Mountain's Accounts Payable and Total Assets go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

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Accounts Payable

An accounting item on the balance sheet that represents Red Mountain 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 Red Mountain Mining 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.

Total Assets

Total assets refers to the total amount of Red Mountain assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Red Mountain Mining books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Red Mountain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Mountain Mining 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 Red Mountain Mining. 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 drop to 752.12 in 2024. Issuance Of Capital Stock is likely to drop to about 1.7 M in 2024

Red Mountain fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Net Receivables	Short Term Investments	Total Liab	Common Stock	Net Tangible Assets	Retained Earnings	Other Stockholder Equity	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Other Current Liab	Property Plant Equipment	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Property Plant And Equipment Gross	Other Liab
Total Assets		0.84	1.0	0.31	0.33	-0.25	-0.03	0.73	0.34	0.14	-0.19	0.2	0.08	0.38	0.36	0.23	0.28	0.1	0.93	-0.22	0.96	0.21	-0.22	0.01	0.1	0.42
Total Current Liabilities	0.84		0.81	0.27	0.46	-0.37	0.32	0.97	0.62	-0.1	-0.51	0.34	0.04	0.16	0.55	0.02	0.1	-0.11	0.67	-0.21	0.74	0.28	-0.02	0.25	-0.1	0.15
Total Stockholder Equity	1.0	0.81		0.3	0.32	-0.24	-0.07	0.69	0.32	0.15	-0.16	0.19	0.07	0.39	0.35	0.24	0.28	0.11	0.93	-0.22	0.96	0.2	-0.24	0.0	0.12	0.44
Accounts Payable	0.31	0.27	0.3		-0.17	0.36	-0.01	0.23	-0.12	0.47	0.17	-0.17	0.14	0.65	-0.09	0.41	0.54	0.46	0.37	0.28	0.37	-0.26	-0.03	-0.3	0.45	0.16
Cash	0.33	0.46	0.32	-0.17		-0.15	0.14	0.38	0.29	-0.36	-0.25	0.54	-0.08	0.24	0.95	0.07	-0.01	-0.39	0.01	-0.82	0.06	0.85	-0.54	0.04	-0.39	0.39
Net Receivables	-0.25	-0.37	-0.24	0.36	-0.15		-0.41	-0.36	-0.47	0.34	0.46	-0.42	0.45	0.52	-0.1	0.47	0.31	0.27	-0.16	0.29	-0.21	-0.36	-0.07	-0.32	0.27	-0.02
Short Term Investments	-0.03	0.32	-0.07	-0.01	0.14	-0.41		0.4	0.41	-0.29	-0.45	0.45	0.07	-0.26	0.26	-0.24	-0.26	-0.25	-0.08	0.02	-0.1	0.12	0.27	0.22	-0.26	-0.3
Total Liab	0.73	0.97	0.69	0.23	0.38	-0.36	0.4		0.61	-0.12	-0.52	0.29	0.06	0.07	0.48	-0.03	0.12	-0.11	0.57	-0.13	0.65	0.23	0.07	0.25	-0.1	0.05
Common Stock	0.34	0.62	0.32	-0.12	0.29	-0.47	0.41	0.61		-0.43	-0.98	0.63	-0.11	-0.35	0.41	-0.49	-0.34	-0.37	0.13	-0.03	0.26	0.12	0.43	0.88	-0.37	-0.43
Net Tangible Assets	0.14	-0.1	0.15	0.47	-0.36	0.34	-0.29	-0.12	-0.43		0.49	-0.44	0.38	0.57	-0.31	0.82	0.41	0.99	0.32	0.41	0.26	-0.44	-0.11	-0.47	0.99	0.41
Retained Earnings	-0.19	-0.51	-0.16	0.17	-0.25	0.46	-0.45	-0.52	-0.98	0.49		-0.64	0.13	0.44	-0.38	0.57	0.4	0.41	0.03	0.01	-0.1	-0.11	-0.5	-0.9	0.41	0.52
Other Stockholder Equity	0.2	0.34	0.19	-0.17	0.54	-0.42	0.45	0.29	0.63	-0.44	-0.64		-0.09	-0.16	0.57	-0.37	-0.22	-0.39	-0.07	-0.43	0.04	0.49	0.05	0.42	-0.38	-0.14
Long Term Investments	0.08	0.04	0.07	0.14	-0.08	0.45	0.07	0.06	-0.11	0.38	0.13	-0.09		0.21	0.15	0.34	-0.11	0.29	0.12	0.49	0.1	-0.48	0.39	-0.2	0.29	-0.22
Short Long Term Debt	0.38	0.16	0.39	0.65	0.24	0.52	-0.26	0.07	-0.35	0.57	0.44	-0.16	0.21		0.22	0.81	0.77	0.54	0.41	-0.16	0.34	0.14	-0.58	-0.48	0.53	0.68
Total Current Assets	0.36	0.55	0.35	-0.09	0.95	-0.1	0.26	0.48	0.41	-0.31	-0.38	0.57	0.15	0.22		0.07	-0.13	-0.35	0.04	-0.62	0.11	0.67	-0.31	0.13	-0.35	0.21
Short Term Debt	0.23	0.02	0.24	0.41	0.07	0.47	-0.24	-0.03	-0.49	0.82	0.57	-0.37	0.34	0.81	0.07		0.52	0.78	0.33	0.03	0.23	-0.06	-0.48	-0.58	0.78	0.67
Other Current Liab	0.28	0.1	0.28	0.54	-0.01	0.31	-0.26	0.12	-0.34	0.41	0.4	-0.22	-0.11	0.77	-0.13	0.52		0.44	0.36	-0.12	0.31	0.14	-0.52	-0.4	0.44	0.58
Property Plant Equipment	0.1	-0.11	0.11	0.46	-0.39	0.27	-0.25	-0.11	-0.37	0.99	0.41	-0.39	0.29	0.54	-0.35	0.78	0.44		0.27	0.41	0.23	-0.42	-0.09	-0.39	1.0	0.4
Property Plant And Equipment Net	0.93	0.67	0.93	0.37	0.01	-0.16	-0.08	0.57	0.13	0.32	0.03	-0.07	0.12	0.41	0.04	0.33	0.36	0.27		0.01	0.98	-0.05	-0.17	-0.11	0.27	0.43
Net Debt	-0.22	-0.21	-0.22	0.28	-0.82	0.29	0.02	-0.13	-0.03	0.41	0.01	-0.43	0.49	-0.16	-0.62	0.03	-0.12	0.41	0.01		0.0	-0.98	0.77	0.14	0.41	-0.59
Non Current Assets Total	0.96	0.74	0.96	0.37	0.06	-0.21	-0.1	0.65	0.26	0.26	-0.1	0.04	0.1	0.34	0.11	0.23	0.31	0.23	0.98	0.0		-0.02	-0.1	-0.01	0.23	0.35
Cash And Short Term Investments	0.21	0.28	0.2	-0.26	0.85	-0.36	0.12	0.23	0.12	-0.44	-0.11	0.49	-0.48	0.14	0.67	-0.06	0.14	-0.42	-0.05	-0.98	-0.02		-0.72	-0.08	-0.42	0.53
Common Stock Total Equity	-0.22	-0.02	-0.24	-0.03	-0.54	-0.07	0.27	0.07	0.43	-0.11	-0.5	0.05	0.39	-0.58	-0.31	-0.48	-0.52	-0.09	-0.17	0.77	-0.1	-0.72		0.53	-0.08	-0.9
Common Stock Shares Outstanding	0.01	0.25	0.0	-0.3	0.04	-0.32	0.22	0.25	0.88	-0.47	-0.9	0.42	-0.2	-0.48	0.13	-0.58	-0.4	-0.39	-0.11	0.14	-0.01	-0.08	0.53		-0.38	-0.58
Property Plant And Equipment Gross	0.1	-0.1	0.12	0.45	-0.39	0.27	-0.26	-0.1	-0.37	0.99	0.41	-0.38	0.29	0.53	-0.35	0.78	0.44	1.0	0.27	0.41	0.23	-0.42	-0.08	-0.38		0.39
Other Liab	0.42	0.15	0.44	0.16	0.39	-0.02	-0.3	0.05	-0.43	0.41	0.52	-0.14	-0.22	0.68	0.21	0.67	0.58	0.4	0.43	-0.59	0.35	0.53	-0.9	-0.58	0.39

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Red Mountain Account Relationship Matchups

Red Mountain fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3M	3.9M	4.7M	3.3M	2.5M	2.6M
Total Current Liabilities	303.8K	530.1K	165.3K	383K	194.5K	193.9K
Total Stockholder Equity	1.8M	2.8M	4.6M	2.8M	2.3M	2.3M
Accounts Payable	131.6K	102.0K	62.3K	257.6K	16.8K	15.9K
Cash	1.4M	1.7M	1.7M	978.6K	428.4K	856.6K
Net Receivables	4.8K	67.2K	62.0K	45.6K	62.6K	84.6K
Short Term Investments	408.4K	137.8K	(63.5K)	51.3K	59.1K	64.7K
Total Liab	487.4K	1.1M	165.3K	497.4K	218.2K	335.1K
Common Stock	42.3M	44.5M	47.4M	50.0M	51.9M	54.5M
Net Tangible Assets	1.8M	2.8M	4.6M	2.8M	2.5M	2.4M
Retained Earnings	(51.2M)	(52.8M)	(54.3M)	(58.7M)	(61.4M)	(58.4M)
Other Stockholder Equity	0.0	10.7M	1.0	11.4M	1.15	1.21
Total Current Assets	2.0M	2.0M	1.8M	1.1M	618.8K	970.4K
Other Current Liab	25.6K	273.1K	73.5K	43.0K	94.3K	160.0K
Property Plant Equipment	319.5K	1.9M	2.8M	2.1M	1.9M	1.8M
Property Plant And Equipment Net	319.5K	172.1K	24.6K	190.4K	1.8M	1.2M
Net Debt	(1.1M)	(1.1M)	(1.6M)	(781.7K)	(321.3K)	(337.3K)
Non Current Assets Total	319.5K	1.9M	2.9M	2.1M	1.9M	1.6M
Cash And Short Term Investments	1.9M	1.9M	1.7M	1.0M	479.8K	755.3K
Common Stock Shares Outstanding	851.4M	1.2B	1.5B	1.9B	2.7B	2.9B
Liabilities And Stockholders Equity	2.3M	3.9M	4.7M	3.3M	2.5M	4.4M
Property Plant And Equipment Gross	319.5K	2.1M	3.3M	2.2M	2.0M	1.9M
Accumulated Other Comprehensive Income	10.7M	11.2M	11.4M	11.5M	11.8M	9.4M
Other Current Assets	89.7K	76.4K	49.5K	29.6K	76.5K	54.7K
Current Deferred Revenue	25.4K	272.7K	73.3K	42.8K	87.8K	92.1K
Non Currrent Assets Other	(38.8K)	(646.0)	0.0	1.7M	2.8M	1.9M
Cash And Equivalents	1.4M	1.7M	1.7M	978.6K	880.7K	1.4M
Net Invested Capital	1.8M	3.3M	4.6M	2.8M	2.3M	2.7M
Net Working Capital	1.7M	1.5M	1.6M	766.1K	424.3K	403.1K
Capital Stock	42.3M	44.5M	47.4M	50.0M	51.9M	50.9M

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