Red Total Current Liabilities vs Long Term Investments 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 Total Current Liabilities and its Long Term Investments 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.

Total Current Liabilities vs Long Term Investments

Total Current Liabilities vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Mountain Mining Total Current Liabilities account and Long Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between Red Mountain's Total Current Liabilities and Long Term Investments is 0.04. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Long Term Investments 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 Total Current Liabilities and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Red Mountain Mining are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Total Current Liabilities i.e., Red Mountain's Total Current Liabilities and Long Term Investments go up and down completely randomly.

Correlation Coefficient

0.04
Relationship DirectionPositive 
Relationship StrengthInsignificant

Total Current Liabilities

Total Current Liabilities is an item on Red Mountain balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Red Mountain Mining are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Long Term Investments

Long Term Investments is an item on the asset side of Red Mountain balance sheet that represents investments Red Mountain Mining intends to hold for over a year. Red Mountain Mining long term investments may include different instruments such as stocks, bonds, real estate and cash.
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

0.841.00.310.33-0.25-0.030.730.340.14-0.190.20.080.380.360.230.280.10.93-0.220.960.21-0.220.010.10.42
0.840.810.270.46-0.370.320.970.62-0.1-0.510.340.040.160.550.020.1-0.110.67-0.210.740.28-0.020.25-0.10.15
1.00.810.30.32-0.24-0.070.690.320.15-0.160.190.070.390.350.240.280.110.93-0.220.960.2-0.240.00.120.44
0.310.270.3-0.170.36-0.010.23-0.120.470.17-0.170.140.65-0.090.410.540.460.370.280.37-0.26-0.03-0.30.450.16
0.330.460.32-0.17-0.150.140.380.29-0.36-0.250.54-0.080.240.950.07-0.01-0.390.01-0.820.060.85-0.540.04-0.390.39
-0.25-0.37-0.240.36-0.15-0.41-0.36-0.470.340.46-0.420.450.52-0.10.470.310.27-0.160.29-0.21-0.36-0.07-0.320.27-0.02
-0.030.32-0.07-0.010.14-0.410.40.41-0.29-0.450.450.07-0.260.26-0.24-0.26-0.25-0.080.02-0.10.120.270.22-0.26-0.3
0.730.970.690.230.38-0.360.40.61-0.12-0.520.290.060.070.48-0.030.12-0.110.57-0.130.650.230.070.25-0.10.05
0.340.620.32-0.120.29-0.470.410.61-0.43-0.980.63-0.11-0.350.41-0.49-0.34-0.370.13-0.030.260.120.430.88-0.37-0.43
0.14-0.10.150.47-0.360.34-0.29-0.12-0.430.49-0.440.380.57-0.310.820.410.990.320.410.26-0.44-0.11-0.470.990.41
-0.19-0.51-0.160.17-0.250.46-0.45-0.52-0.980.49-0.640.130.44-0.380.570.40.410.030.01-0.1-0.11-0.5-0.90.410.52
0.20.340.19-0.170.54-0.420.450.290.63-0.44-0.64-0.09-0.160.57-0.37-0.22-0.39-0.07-0.430.040.490.050.42-0.38-0.14
0.080.040.070.14-0.080.450.070.06-0.110.380.13-0.090.210.150.34-0.110.290.120.490.1-0.480.39-0.20.29-0.22
0.380.160.390.650.240.52-0.260.07-0.350.570.44-0.160.210.220.810.770.540.41-0.160.340.14-0.58-0.480.530.68
0.360.550.35-0.090.95-0.10.260.480.41-0.31-0.380.570.150.220.07-0.13-0.350.04-0.620.110.67-0.310.13-0.350.21
0.230.020.240.410.070.47-0.24-0.03-0.490.820.57-0.370.340.810.070.520.780.330.030.23-0.06-0.48-0.580.780.67
0.280.10.280.54-0.010.31-0.260.12-0.340.410.4-0.22-0.110.77-0.130.520.440.36-0.120.310.14-0.52-0.40.440.58
0.1-0.110.110.46-0.390.27-0.25-0.11-0.370.990.41-0.390.290.54-0.350.780.440.270.410.23-0.42-0.09-0.391.00.4
0.930.670.930.370.01-0.16-0.080.570.130.320.03-0.070.120.410.040.330.360.270.010.98-0.05-0.17-0.110.270.43
-0.22-0.21-0.220.28-0.820.290.02-0.13-0.030.410.01-0.430.49-0.16-0.620.03-0.120.410.010.0-0.980.770.140.41-0.59
0.960.740.960.370.06-0.21-0.10.650.260.26-0.10.040.10.340.110.230.310.230.980.0-0.02-0.1-0.010.230.35
0.210.280.2-0.260.85-0.360.120.230.12-0.44-0.110.49-0.480.140.67-0.060.14-0.42-0.05-0.98-0.02-0.72-0.08-0.420.53
-0.22-0.02-0.24-0.03-0.54-0.070.270.070.43-0.11-0.50.050.39-0.58-0.31-0.48-0.52-0.09-0.170.77-0.1-0.720.53-0.08-0.9
0.010.250.0-0.30.04-0.320.220.250.88-0.47-0.90.42-0.2-0.480.13-0.58-0.4-0.39-0.110.14-0.01-0.080.53-0.38-0.58
0.1-0.10.120.45-0.390.27-0.26-0.1-0.370.990.41-0.380.290.53-0.350.780.441.00.270.410.23-0.42-0.08-0.380.39
0.420.150.440.160.39-0.02-0.30.05-0.430.410.52-0.14-0.220.680.210.670.580.40.43-0.590.350.53-0.9-0.580.39
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Red Mountain Account Relationship Matchups

Red Mountain fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.3M3.9M4.7M3.3M2.5M2.6M
Total Current Liabilities303.8K530.1K165.3K383K194.5K193.9K
Total Stockholder Equity1.8M2.8M4.6M2.8M2.3M2.3M
Accounts Payable131.6K102.0K62.3K257.6K16.8K15.9K
Cash1.4M1.7M1.7M978.6K428.4K856.6K
Net Receivables4.8K67.2K62.0K45.6K62.6K84.6K
Short Term Investments408.4K137.8K(63.5K)51.3K59.1K64.7K
Total Liab487.4K1.1M165.3K497.4K218.2K335.1K
Common Stock42.3M44.5M47.4M50.0M51.9M54.5M
Net Tangible Assets1.8M2.8M4.6M2.8M2.5M2.4M
Retained Earnings(51.2M)(52.8M)(54.3M)(58.7M)(61.4M)(58.4M)
Other Stockholder Equity0.010.7M1.011.4M1.151.21
Total Current Assets2.0M2.0M1.8M1.1M618.8K970.4K
Other Current Liab25.6K273.1K73.5K43.0K94.3K160.0K
Property Plant Equipment319.5K1.9M2.8M2.1M1.9M1.8M
Property Plant And Equipment Net319.5K172.1K24.6K190.4K1.8M1.2M
Net Debt(1.1M)(1.1M)(1.6M)(781.7K)(321.3K)(337.3K)
Non Current Assets Total319.5K1.9M2.9M2.1M1.9M1.6M
Cash And Short Term Investments1.9M1.9M1.7M1.0M479.8K755.3K
Common Stock Shares Outstanding851.4M1.2B1.5B1.9B2.7B2.9B
Liabilities And Stockholders Equity2.3M3.9M4.7M3.3M2.5M4.4M
Property Plant And Equipment Gross319.5K2.1M3.3M2.2M2.0M1.9M
Accumulated Other Comprehensive Income10.7M11.2M11.4M11.5M11.8M9.4M
Other Current Assets89.7K76.4K49.5K29.6K76.5K54.7K
Current Deferred Revenue25.4K272.7K73.3K42.8K87.8K92.1K
Non Currrent Assets Other(38.8K)(646.0)0.01.7M2.8M1.9M
Cash And Equivalents1.4M1.7M1.7M978.6K880.7K1.4M
Net Invested Capital1.8M3.3M4.6M2.8M2.3M2.7M
Net Working Capital1.7M1.5M1.6M766.1K424.3K403.1K
Capital Stock42.3M44.5M47.4M50.0M51.9M50.9M

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