Red Total Current Assets vs Net Debt Analysis

RPX Stock  CAD 0.12  0.01  7.69%   
Red Pine financial indicator trend analysis is much more than just breaking down Red Pine Exploration prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Pine Exploration is a good investment. Please check the relationship between Red Pine Total Current Assets and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Pine Exploration. 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 Assets vs Net Debt

Total Current Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Pine Exploration Total Current Assets account and Net Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Red Pine's Total Current Assets and Net Debt is -0.96. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Red Pine Exploration, assuming nothing else is changed. The correlation between historical values of Red Pine's Total Current Assets and Net Debt 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 Assets of Red Pine Exploration are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Assets i.e., Red Pine's Total Current Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.96
Relationship DirectionNegative 
Relationship StrengthSignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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.
Most indicators from Red Pine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Pine Exploration 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 Pine Exploration. 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 climb to about 2.8 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 10.8 M in 2024.
 2022 2023 2024 (projected)
Reconciled Depreciation327.3K376.4K207.2K
Interest Income59.1K67.9K71.3K

Red Pine fundamental ratios Correlations

0.680.390.970.72-0.62-0.370.030.560.580.520.550.310.36-0.610.370.6-0.060.320.08-0.36-0.21-0.10.380.690.25
0.680.860.520.27-0.7-0.650.40.670.05-0.010.670.240.57-0.60.870.73-0.140.52-0.28-0.17-0.060.170.610.680.53
0.390.860.180.05-0.47-0.480.620.42-0.13-0.180.430.070.37-0.290.990.50.060.58-0.19-0.02-0.110.160.410.570.35
0.970.520.180.74-0.57-0.29-0.10.530.650.60.520.30.34-0.560.150.54-0.120.190.14-0.4-0.24-0.130.340.620.18
0.720.270.050.740.020.05-0.14-0.050.870.83-0.060.14-0.04-0.530.070.00.150.180.51-0.230.11-0.19-0.010.2-0.04
-0.62-0.7-0.47-0.570.020.72-0.34-0.970.20.25-0.97-0.43-0.70.33-0.43-0.960.39-0.120.540.230.34-0.12-0.71-0.81-0.45
-0.37-0.65-0.48-0.290.050.72-0.36-0.760.320.37-0.76-0.39-0.880.43-0.5-0.810.41-0.30.64-0.030.04-0.55-0.95-0.58-0.67
0.030.40.62-0.1-0.14-0.34-0.360.3-0.31-0.340.310.180.330.10.570.280.01-0.12-0.190.05-0.310.170.30.360.11
0.560.670.420.53-0.05-0.97-0.760.3-0.2-0.251.00.360.8-0.310.390.97-0.580.11-0.55-0.17-0.320.240.80.750.45
0.580.05-0.130.650.870.20.32-0.31-0.21.0-0.21-0.23-0.12-0.29-0.15-0.230.070.050.77-0.28-0.1-0.25-0.190.03-0.34
0.52-0.01-0.180.60.830.250.37-0.34-0.251.0-0.25-0.3-0.14-0.24-0.2-0.290.060.020.79-0.25-0.08-0.24-0.22-0.03-0.38
0.550.670.430.52-0.06-0.97-0.760.311.0-0.21-0.250.360.8-0.30.40.97-0.580.1-0.54-0.16-0.320.240.80.760.44
0.310.240.070.30.14-0.43-0.390.180.36-0.23-0.30.360.09-0.550.080.490.09-0.12-0.51-0.38-0.06-0.030.220.350.63
0.360.570.370.34-0.04-0.7-0.880.330.8-0.12-0.140.80.09-0.270.350.74-0.710.11-0.39-0.03-0.260.560.970.540.42
-0.61-0.6-0.29-0.56-0.530.330.430.1-0.31-0.29-0.24-0.3-0.55-0.27-0.33-0.410.01-0.230.080.47-0.10.07-0.37-0.38-0.58
0.370.870.990.150.07-0.43-0.50.570.39-0.15-0.20.40.080.35-0.330.480.080.62-0.230.060.030.190.410.520.41
0.60.730.50.540.0-0.96-0.810.280.97-0.23-0.290.970.490.74-0.410.48-0.480.27-0.61-0.17-0.230.240.80.780.55
-0.06-0.140.06-0.120.150.390.410.01-0.580.070.06-0.580.09-0.710.010.08-0.480.090.170.060.27-0.37-0.65-0.21-0.04
0.320.520.580.190.18-0.12-0.3-0.120.110.050.020.1-0.120.11-0.230.620.270.09-0.110.180.280.150.240.250.2
0.08-0.28-0.190.140.510.540.64-0.19-0.550.770.79-0.54-0.51-0.390.08-0.23-0.610.17-0.11-0.24-0.16-0.48-0.49-0.13-0.73
-0.36-0.17-0.02-0.4-0.230.23-0.030.05-0.17-0.28-0.25-0.16-0.38-0.030.470.06-0.170.060.18-0.240.660.36-0.01-0.35-0.02
-0.21-0.06-0.11-0.240.110.340.04-0.31-0.32-0.1-0.08-0.32-0.06-0.26-0.10.03-0.230.270.28-0.160.660.05-0.13-0.370.16
-0.10.170.16-0.13-0.19-0.12-0.550.170.24-0.25-0.240.24-0.030.560.070.190.24-0.370.15-0.480.360.050.57-0.170.54
0.380.610.410.34-0.01-0.71-0.950.30.8-0.19-0.220.80.220.97-0.370.410.8-0.650.24-0.49-0.01-0.130.570.570.53
0.690.680.570.620.2-0.81-0.580.360.750.03-0.030.760.350.54-0.380.520.78-0.210.25-0.13-0.35-0.37-0.170.570.2
0.250.530.350.18-0.04-0.45-0.670.110.45-0.34-0.380.440.630.42-0.580.410.55-0.040.2-0.73-0.020.160.540.530.2
Click cells to compare fundamentals

Red Pine Account Relationship Matchups

Red Pine fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5M4.3M4.4M4.2M3.8M2.7M
Other Current Liab436.1K1.6M1.6M1.1M1.2M689.1K
Total Current Liabilities527.8K1.7M1.7M1.1M1.2M662.7K
Total Stockholder Equity754.1K2.5M2.7M3.1M2.8M2.2M
Property Plant And Equipment Net357.4K279.6K411.7K137.8K124.0K117.8K
Net Debt(330.1K)(2.0M)(2.7M)(3.4M)(3.0M)(2.9M)
Retained Earnings(69.2M)(85.7M)(96.5M)(107.2M)(96.5M)(91.7M)
Accounts Payable325.2K301.3K1.5M640.3K736.3K422.4K
Cash647.9K2.2M2.8M3.4M3.9M4.1M
Non Current Assets Total375.6K612.8K726.7K452.8K407.5K387.2K
Cash And Short Term Investments650.4K2.2M2.8M3.4M3.9M4.1M
Net Receivables430.5K170.0K683.9K271.7K312.5K275.4K
Common Stock Shares Outstanding43.2M64.0M110.3M140.8M161.9M170.0M
Liabilities And Stockholders Equity1.5M4.3M4.4M4.2M3.8M2.7M
Other Stockholder Equity8.1M8.4M9.0M9.5M11.0M12.0M
Total Liab753.9K1.8M1.7M1.1M1.2M685.4K
Total Current Assets1.1M3.7M3.7M3.7M4.3M4.5M
Accumulated Other Comprehensive Income1.9M1.9M1.5M1.8M2.0M3.4M
Other Current Assets51.4K1.0M173.0K64.1K73.7K70.1K
Short Long Term Debt Total17.3K317.8K210.1K110.3K126.9K99.0K
Common Stock60.0M78.0M88.8M99.1M113.9M119.6M
Net Tangible Assets735.9K2.8M2.7M3.1M3.6M2.1M
Property Plant Equipment328.7K279.6K411.7K137.8K158.5K177.7K
Capital Lease Obligations15.9K17.3K300.5K210.1K110.3K0.0
Other Assets147.1K127.9K28.8K315K362.3K222.3K
Deferred Long Term Liab105.5K86.3K28.8K16.7K15.1K14.3K
Net Invested Capital754.1K2.5M2.7M3.1M2.8M1.9M
Net Working Capital604.6K2.0M2.0M2.7M2.4M1.6M
Capital Stock60.0M78.0M88.8M99.1M113.9M78.4M

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 Red Stock Analysis

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