Altius Long Term Debt vs Total Assets Analysis
ALS Stock | CAD 21.97 0.69 3.05% |
Altius Minerals financial indicator trend analysis is way more than just evaluating Altius Minerals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altius Minerals is a good investment. Please check the relationship between Altius Minerals Long Term Debt and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altius Minerals. 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 Total Assets
Long Term Debt vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altius Minerals Long Term Debt account and Total Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Altius Minerals' Long Term Debt and Total Assets is 0.08. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Altius Minerals, assuming nothing else is changed. The correlation between historical values of Altius Minerals' Long Term Debt and Total Assets 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 Altius Minerals are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Long Term Debt i.e., Altius Minerals' Long Term Debt and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.08 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Altius Minerals has held for over one year. Long-term debt appears on Altius Minerals 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 Altius Minerals 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.Total Assets
Total assets refers to the total amount of Altius Minerals assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Altius Minerals books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Altius Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altius Minerals 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Altius Minerals. 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. At this time, Altius Minerals' Selling General Administrative is very stable compared to the past year. As of the 10th of June 2024, Tax Provision is likely to grow to about 5.4 M, while Sales General And Administrative To Revenue is likely to drop 0.29.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 34.3M | 53.7M | 47.7M | 50.0M | Total Revenue | 63.2M | 84.1M | 69.0M | 72.4M |
Altius Minerals fundamental ratios Correlations
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Altius Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Altius Minerals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 566.9M | 589.6M | 721.4M | 780.6M | 773.5M | 812.2M | |
Other Current Liab | 443K | 4.7M | 5.6M | 6.0M | 7.0M | 7.3M | |
Total Current Liabilities | 26.8M | 31.5M | 19.6M | 19.7M | 12.9M | 12.3M | |
Total Stockholder Equity | 385.2M | 362.9M | 433.5M | 486.2M | 488.7M | 513.2M | |
Property Plant And Equipment Net | 269.3M | 288.6M | 260.9M | 238.5M | 214.7M | 225.5M | |
Net Debt | 85.7M | 111.2M | 15.2M | 38.5M | 44.3M | 46.5M | |
Retained Earnings | 10.1M | (31.9M) | 12.6M | 24.7M | 13.3M | 12.7M | |
Cash | 22.1M | 21.8M | 100.0M | 82.4M | 130.4M | 136.9M | |
Non Current Assets Total | 529.0M | 554.0M | 606.5M | 676.4M | 628.8M | 660.2M | |
Cash And Short Term Investments | 22.1M | 21.8M | 100.0M | 82.4M | 94.7M | 67.5M | |
Net Receivables | 15.8M | 13.8M | 14.9M | 21.8M | 6.9M | 5.9M | |
Common Stock Shares Outstanding | 43.4M | 43.0M | 42.0M | 42.6M | 47.1M | 33.5M | |
Liabilities And Stockholders Equity | 566.9M | 589.6M | 721.4M | 780.6M | 897.7M | 942.6M | |
Non Current Liabilities Total | 140.1M | 174.3M | 172.8M | 152.1M | 148.1M | 155.5M | |
Total Liab | 166.9M | 205.8M | 192.4M | 171.8M | 161M | 169.1M | |
Property Plant And Equipment Gross | 269.3M | 288.6M | 360.7M | 359.6M | 304.3M | 319.6M | |
Total Current Assets | 37.9M | 35.6M | 114.9M | 104.1M | 144.7M | 77.8M | |
Common Stock | 262.7M | 259.3M | 260.8M | 358.7M | 412.5M | 433.1M | |
Accounts Payable | 6.4M | 6.9M | 6.1M | 5.6M | 4.2M | 3.9M | |
Other Stockholder Equity | 55.4M | 75.3M | 99.0M | 90.4M | 103.9M | 56.6M | |
Accumulated Other Comprehensive Income | 55.4M | 78.4M | 103.0M | 102.8M | 118.3M | 124.2M | |
Short Long Term Debt Total | 107.8M | 133.0M | 115.2M | 120.9M | 139.0M | 91.2M | |
Other Liab | 50.8M | 59.0M | 64.7M | 38.4M | 44.2M | 43.8M | |
Net Tangible Assets | 320.0M | 299.8M | 376.4M | 486.2M | 559.1M | 354.0M | |
Other Assets | 6.0M | 8.5M | 7.8M | 8.9M | 10.3M | 6.8M | |
Long Term Debt | 87.8M | 113.0M | 107.2M | 112.9M | 104.2M | 96.6M | |
Long Term Investments | 245.6M | 250.9M | 337.8M | 429.1M | 398.2M | 346.2M | |
Property Plant Equipment | 13.9M | 15.5M | 10.0M | 238.5M | 274.2M | 287.9M | |
Long Term Debt Total | 87.8M | 113.0M | 107.2M | 112.9M | 129.8M | 94.7M | |
Net Invested Capital | 436.0M | 438.8M | 491.6M | 599.1M | 592.9M | 525.9M | |
Cash And Equivalents | 22.1M | 50K | 8.7M | 82.4M | 94.7M | 99.5M | |
Net Working Capital | 11.1M | 4.1M | 95.2M | 84.5M | 131.8M | 138.4M | |
Capital Stock | 319.7M | 316.4M | 317.9M | 358.7M | 355.3M | 365.3M |
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Balance Sheet is a snapshot of the financial position of Altius Minerals at a specified time, usually calculated after every quarter, six months, or one year. Altius Minerals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Altius Minerals and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Altius currently owns. An asset can also be divided into two categories, current and non-current.