Rockridge Net Debt vs Common Stock Analysis

ROCK Stock

CAD 0.01 0.01 25.00%

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

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rockridge Resources Net Debt account and Common Stock. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Rockridge Resources' Net Debt and Common Stock is -0.6. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Rockridge Resources, assuming nothing else is changed. The correlation between historical values of Rockridge Resources' Net Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Rockridge Resources are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Debt i.e., Rockridge Resources' Net Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.6

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Common Stock

Most indicators from Rockridge Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rockridge 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 Rockridge 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 industry.

At this time, Rockridge Resources' Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 1.8 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (3.28) in 2024.

Rockridge Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant And Equipment Net	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Net Invested Capital	Net Working Capital	Property Plant Equipment	Accounts Payable	Capital Stock	Short Term Investments
Total Assets		0.86	0.86	1.0	1.0	-0.64	-0.98	0.7	0.7	1.0	0.86	0.78	1.0	0.99	0.99	0.87	0.97	0.83	0.95	0.74	0.99	0.8	0.95	-0.61
Other Current Liab	0.86		0.95	0.86	0.85	-0.43	-0.83	0.5	0.5	0.84	0.95	0.58	0.87	0.87	0.87	0.59	0.91	0.75	0.76	0.52	0.85	0.86	0.79	-0.71
Total Current Liabilities	0.86	0.95		0.85	0.85	-0.45	-0.81	0.53	0.53	0.84	1.0	0.6	0.87	0.87	0.87	0.63	0.9	0.68	0.75	0.53	0.83	0.97	0.77	-0.75
Total Stockholder Equity	1.0	0.86	0.85		1.0	-0.64	-0.98	0.7	0.7	1.0	0.85	0.78	1.0	0.99	0.99	0.88	0.96	0.83	0.95	0.74	0.99	0.79	0.95	-0.61
Net Tangible Assets	1.0	0.85	0.85	1.0		-0.65	-0.98	0.71	0.71	1.0	0.85	0.78	1.0	0.99	0.99	0.88	0.96	0.83	0.95	0.75	0.99	0.79	0.95	-0.6
Net Debt	-0.64	-0.43	-0.45	-0.64	-0.65		0.6	-0.99	-0.99	-0.6	-0.45	-0.97	-0.6	-0.54	-0.54	-0.78	-0.45	-0.77	-0.68	-0.98	-0.57	-0.45	-0.61	0.12
Retained Earnings	-0.98	-0.83	-0.81	-0.98	-0.98	0.6		-0.65	-0.65	-0.98	-0.81	-0.74	-0.98	-0.98	-0.98	-0.86	-0.96	-0.82	-0.97	-0.69	-0.99	-0.74	-0.98	0.5
Cash	0.7	0.5	0.53	0.7	0.71	-0.99	-0.65		1.0	0.67	0.53	0.99	0.66	0.61	0.61	0.8	0.53	0.8	0.72	0.99	0.64	0.53	0.66	-0.22
Cash And Short Term Investments	0.7	0.5	0.53	0.7	0.71	-0.99	-0.65	1.0		0.67	0.53	0.99	0.66	0.61	0.61	0.8	0.53	0.8	0.72	0.99	0.64	0.53	0.66	-0.22
Other Stockholder Equity	1.0	0.84	0.84	1.0	1.0	-0.6	-0.98	0.67	0.67		0.84	0.75	1.0	0.99	0.99	0.87	0.97	0.81	0.94	0.71	1.0	0.79	0.95	-0.61
Total Liab	0.86	0.95	1.0	0.85	0.85	-0.45	-0.81	0.53	0.53	0.84		0.6	0.87	0.87	0.87	0.63	0.9	0.68	0.75	0.53	0.83	0.97	0.77	-0.75
Total Current Assets	0.78	0.58	0.6	0.78	0.78	-0.97	-0.74	0.99	0.99	0.75	0.6		0.74	0.69	0.69	0.86	0.61	0.85	0.8	0.99	0.72	0.57	0.75	-0.25
Common Stock	1.0	0.87	0.87	1.0	1.0	-0.6	-0.98	0.66	0.66	1.0	0.87	0.74		1.0	1.0	0.85	0.98	0.82	0.94	0.7	1.0	0.8	0.95	-0.63
Property Plant And Equipment Net	0.99	0.87	0.87	0.99	0.99	-0.54	-0.98	0.61	0.61	0.99	0.87	0.69	1.0		1.0	0.83	0.99	0.78	0.93	0.65	1.0	0.8	0.95	-0.65
Non Current Assets Total	0.99	0.87	0.87	0.99	0.99	-0.54	-0.98	0.61	0.61	0.99	0.87	0.69	1.0	1.0		0.83	0.99	0.78	0.93	0.65	1.0	0.8	0.95	-0.65
Net Receivables	0.87	0.59	0.63	0.88	0.88	-0.78	-0.86	0.8	0.8	0.87	0.63	0.86	0.85	0.83	0.83		0.74	0.73	0.9	0.84	0.86	0.61	0.86	-0.32
Common Stock Shares Outstanding	0.97	0.91	0.9	0.96	0.96	-0.45	-0.96	0.53	0.53	0.97	0.9	0.61	0.98	0.99	0.99	0.74		0.77	0.89	0.56	0.97	0.84	0.92	-0.7
Other Current Assets	0.83	0.75	0.68	0.83	0.83	-0.77	-0.82	0.8	0.8	0.81	0.68	0.85	0.82	0.78	0.78	0.73	0.77		0.85	0.82	0.8	0.59	0.83	-0.36
Net Invested Capital	0.95	0.76	0.75	0.95	0.95	-0.68	-0.97	0.72	0.72	0.94	0.75	0.8	0.94	0.93	0.93	0.9	0.89	0.85		0.74	0.94	0.69	0.99	-0.36
Net Working Capital	0.74	0.52	0.53	0.74	0.75	-0.98	-0.69	0.99	0.99	0.71	0.53	0.99	0.7	0.65	0.65	0.84	0.56	0.82	0.74		0.68	0.51	0.69	-0.26
Property Plant Equipment	0.99	0.85	0.83	0.99	0.99	-0.57	-0.99	0.64	0.64	1.0	0.83	0.72	1.0	1.0	1.0	0.86	0.97	0.8	0.94	0.68		0.77	0.96	-0.61
Accounts Payable	0.8	0.86	0.97	0.79	0.79	-0.45	-0.74	0.53	0.53	0.79	0.97	0.57	0.8	0.8	0.8	0.61	0.84	0.59	0.69	0.51	0.77		0.71	-0.74
Capital Stock	0.95	0.79	0.77	0.95	0.95	-0.61	-0.98	0.66	0.66	0.95	0.77	0.75	0.95	0.95	0.95	0.86	0.92	0.83	0.99	0.69	0.96	0.71		-0.4
Short Term Investments	-0.61	-0.71	-0.75	-0.61	-0.6	0.12	0.5	-0.22	-0.22	-0.61	-0.75	-0.25	-0.63	-0.65	-0.65	-0.32	-0.7	-0.36	-0.36	-0.26	-0.61	-0.74	-0.4

Click cells to compare fundamentals

Rockridge Resources Account Relationship Matchups

Rockridge Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.3M	5.4M	6.7M	7.0M	8.0M	8.4M
Other Current Liab	32.8K	13.1K	62.3K	92.2K	106.0K	111.3K
Total Current Liabilities	100.3K	16.7K	66.5K	209.9K	241.4K	253.5K
Total Stockholder Equity	4.2M	5.4M	6.6M	6.7M	7.8M	8.1M
Net Tangible Assets	2.6M	4.2M	5.4M	6.6M	7.6M	8.0M
Net Debt	(1.5M)	(591.0K)	(1.0M)	(650.2K)	(585.2K)	(614.4K)
Retained Earnings	(2.6M)	(4.4M)	(5.5M)	(6.2M)	(5.6M)	(5.3M)
Cash	1.5M	591.0K	1.0M	650.2K	747.7K	739.7K
Cash And Short Term Investments	1.5M	591.0K	1.0M	650.2K	747.7K	739.7K
Liabilities And Stockholders Equity	4.3M	5.4M	6.7M	7.0M	8.0M	8.4M
Other Stockholder Equity	451.4K	662.0K	934.4K	1.1M	1.3M	1.3M
Total Liab	100.3K	16.7K	66.5K	209.9K	241.4K	253.5K
Total Current Assets	1.8M	845.5K	1.4M	958.0K	1.1M	972.1K
Common Stock	6.2M	8.8M	11.0M	11.8M	13.6M	14.2M
Property Plant And Equipment Net	2.5M	4.6M	5.3M	6.0M	6.9M	7.2M
Non Current Assets Total	2.5M	4.6M	5.3M	6.0M	6.9M	7.2M
Net Receivables	86.4K	120.6K	89.8K	84.1K	96.7K	79.5K
Common Stock Shares Outstanding	31.5M	60.4M	83.3M	105.9M	121.8M	127.9M
Other Current Assets	214.5K	134.0K	321.2K	223.7K	257.3K	217.1K
Net Invested Capital	4.2M	5.4M	6.6M	6.7M	7.8M	4.1M
Net Working Capital	1.7M	828.8K	1.4M	748.1K	860.3K	1.0M
Property Plant Equipment	1.6M	2.5M	4.6M	5.3M	6.1M	6.4M
Accounts Payable	67.5K	3.6K	4.2K	117.8K	135.5K	142.2K
Accumulated Other Comprehensive Income	662.0K	934.4K	1.1M	1.2M	1.4M	805.5K
Capital Stock	6.2M	8.8M	11.0M	11.8M	13.6M	7.7M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Rockridge Stock Analysis

When running Rockridge Resources' price analysis, check to measure Rockridge Resources' 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 Rockridge Resources is operating at the current time. Most of Rockridge Resources' value examination focuses on studying past and present price action to predict the probability of Rockridge Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rockridge Resources' price. Additionally, you may evaluate how the addition of Rockridge Resources to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC