Red Long Term Debt vs Non Current Assets Total 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 Long Term Debt and its Non Current Assets Total 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.
Long Term Debt vs Non Current Assets Total
Long Term Debt vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Mountain Mining Long Term Debt account and Non Current Assets Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Red Mountain's Long Term Debt and Non Current Assets Total is -0.24. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Assets Total 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 Long Term Debt and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Red Mountain Mining are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Long Term Debt i.e., Red Mountain's Long Term Debt and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | -0.24 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Red Mountain Mining has held for over one year. Long-term debt appears on Red Mountain Mining balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Red Mountain Mining balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and 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
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Red Mountain Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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