Red Total Current Liabilities vs Short 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 Short 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 Short Term Investments

Total Current Liabilities vs Short 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 Short Term Investments. At this time, the significance of the direction appears to have weak relationship.

The correlation between Red Mountain's Total Current Liabilities and Short Term Investments is 0.32. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Short 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 Short 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 Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Total Current Liabilities i.e., Red Mountain's Total Current Liabilities and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

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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.

Short Term Investments

Short Term Investments is an item under the current assets section of Red Mountain balance sheet. It contains any investments Red Mountain Mining undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Red Mountain Mining can easily liquidate in the marketplace.

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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