29Metals Net Debt vs Property Plant And Equipment Net Analysis

29M Stock

0.37 0.01 2.78%

29Metals financial indicator trend analysis is way more than just evaluating 29Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 29Metals is a good investment. Please check the relationship between 29Metals Net Debt and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 29Metals. 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.

Net Debt vs Property Plant And Equipment Net

Net Debt vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 29Metals Net Debt account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between 29Metals' Net Debt and Property Plant And Equipment Net is -0.24. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of 29Metals, assuming nothing else is changed. The correlation between historical values of 29Metals' Net Debt and Property Plant And Equipment Net 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 29Metals are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Net Debt i.e., 29Metals' Net Debt and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

-0.24

Relationship Direction	Negative
Relationship Strength	Insignificant

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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.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Most indicators from 29Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 29Metals 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 29Metals. 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, 29Metals' Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 158.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 23.6 M in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	102.7M	194.1M	124.5M	127.2M
Interest Income	90K	1.4M	5.2M	6.1M

Depreciation And Amortization Interest Income

29Metals fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Long Term Debt Total	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity
Common Stock Shares Outstanding		-0.99	0.84	0.63	0.86	-0.96	-0.68	-0.91	-1.0	0.62	0.18	-0.96	-0.83	0.45	-0.97	-0.55	0.65	-0.95	0.5	-0.4	0.88	-0.97	0.39	0.66	0.04	0.23
Total Assets	-0.99		-0.84	-0.48	-0.77	0.97	0.55	0.95	0.99	-0.49	-0.31	0.91	0.73	-0.3	0.93	0.45	-0.53	0.9	-0.35	0.49	-0.86	0.93	-0.39	-0.54	0.1	-0.07
Short Long Term Debt Total	0.84	-0.84		0.51	0.8	-0.83	-0.61	-0.92	-0.87	0.52	0.44	-0.84	-0.59	0.28	-0.83	-0.67	0.62	-0.88	0.36	0.0	0.86	-0.81	0.81	0.68	-0.27	-0.09
Other Current Liab	0.63	-0.48	0.51		0.89	-0.54	-0.99	-0.36	-0.61	0.98	-0.46	-0.81	-0.93	0.87	-0.77	-0.81	0.96	-0.77	0.93	0.25	0.64	-0.73	0.3	0.96	0.64	0.78
Total Current Liabilities	0.86	-0.77	0.8	0.89		-0.84	-0.94	-0.68	-0.87	0.91	-0.02	-0.96	-0.9	0.63	-0.95	-0.74	0.94	-0.97	0.72	0.06	0.91	-0.87	0.55	0.94	0.26	0.45
Total Stockholder Equity	-0.96	0.97	-0.83	-0.54	-0.84		0.6	0.87	0.97	-0.58	-0.36	0.91	0.72	-0.24	0.94	0.39	-0.63	0.94	-0.33	0.42	-0.95	0.87	-0.45	-0.61	0.12	-0.08
Other Liab	-0.68	0.55	-0.61	-0.99	-0.94	0.6		0.45	0.67	-0.98	0.34	0.85	0.92	-0.83	0.82	0.84	-0.98	0.83	-0.9	-0.26	-0.71	0.77	-0.42	-0.99	-0.53	-0.69
Net Tangible Assets	-0.91	0.95	-0.92	-0.36	-0.68	0.87	0.45		0.92	-0.34	-0.43	0.82	0.59	-0.24	0.83	0.52	-0.41	0.82	-0.28	0.37	-0.77	0.87	-0.54	-0.47	0.27	0.11
Property Plant And Equipment Net	-1.0	0.99	-0.87	-0.61	-0.87	0.97	0.67	0.92		-0.62	-0.24	0.96	0.8	-0.41	0.97	0.55	-0.66	0.96	-0.47	0.37	-0.91	0.96	-0.45	-0.67	0.01	-0.18
Current Deferred Revenue	0.62	-0.49	0.52	0.98	0.91	-0.58	-0.98	-0.34	-0.62		-0.35	-0.8	-0.89	0.77	-0.78	-0.73	0.99	-0.79	0.85	0.26	0.71	-0.68	0.36	0.96	0.55	0.71
Net Debt	0.18	-0.31	0.44	-0.46	-0.02	-0.36	0.34	-0.43	-0.24	-0.35		-0.02	0.36	-0.73	-0.06	0.31	-0.23	-0.14	-0.67	-0.21	0.36	0.02	0.56	-0.24	-0.97	-0.89
Retained Earnings	-0.96	0.91	-0.84	-0.81	-0.96	0.91	0.85	0.82	0.96	-0.8	-0.02		0.92	-0.61	1.0	0.71	-0.83	0.99	-0.68	0.18	-0.9	0.97	-0.46	-0.84	-0.21	-0.4
Accounts Payable	-0.83	0.73	-0.59	-0.93	-0.9	0.72	0.92	0.59	0.8	-0.89	0.36	0.92		-0.84	0.91	0.74	-0.86	0.87	-0.88	0.11	-0.71	0.9	-0.19	-0.87	-0.57	-0.72
Cash	0.45	-0.3	0.28	0.87	0.63	-0.24	-0.83	-0.24	-0.41	0.77	-0.73	-0.61	-0.84		-0.56	-0.83	0.72	-0.51	0.99	0.22	0.27	-0.64	0.02	0.77	0.83	0.89
Non Current Assets Total	-0.97	0.93	-0.83	-0.77	-0.95	0.94	0.82	0.83	0.97	-0.78	-0.06	1.0	0.91	-0.56		0.64	-0.8	0.99	-0.63	0.24	-0.92	0.96	-0.43	-0.81	-0.17	-0.36
Non Currrent Assets Other	-0.55	0.45	-0.67	-0.81	-0.74	0.39	0.84	0.52	0.55	-0.73	0.31	0.71	0.74	-0.83	0.64		-0.76	0.67	-0.86	-0.42	-0.48	0.71	-0.53	-0.86	-0.4	-0.51
Other Assets	0.65	-0.53	0.62	0.96	0.94	-0.63	-0.98	-0.41	-0.66	0.99	-0.23	-0.83	-0.86	0.72	-0.8	-0.76		-0.84	0.81	0.3	0.77	-0.7	0.49	0.98	0.44	0.6
Long Term Debt	-0.95	0.9	-0.88	-0.77	-0.97	0.94	0.83	0.82	0.96	-0.79	-0.14	0.99	0.87	-0.51	0.99	0.67	-0.84		-0.6	0.13	-0.96	0.93	-0.56	-0.84	-0.09	-0.29
Cash And Short Term Investments	0.5	-0.35	0.36	0.93	0.72	-0.33	-0.9	-0.28	-0.47	0.85	-0.67	-0.68	-0.88	0.99	-0.63	-0.86	0.81	-0.6		0.25	0.38	-0.67	0.11	0.84	0.79	0.87
Net Receivables	-0.4	0.49	0.0	0.25	0.06	0.42	-0.26	0.37	0.37	0.26	-0.21	0.18	0.11	0.22	0.24	-0.42	0.3	0.13	0.25		-0.14	0.29	0.48	0.35	0.13	0.11
Long Term Debt Total	0.88	-0.86	0.86	0.64	0.91	-0.95	-0.71	-0.77	-0.91	0.71	0.36	-0.9	-0.71	0.27	-0.92	-0.48	0.77	-0.96	0.38	-0.14		-0.8	0.63	0.75	-0.11	0.1
Non Current Liabilities Total	-0.97	0.93	-0.81	-0.73	-0.87	0.87	0.77	0.87	0.96	-0.68	0.02	0.97	0.9	-0.64	0.96	0.71	-0.7	0.93	-0.67	0.29	-0.8		-0.35	-0.74	-0.22	-0.39
Capital Lease Obligations	0.39	-0.39	0.81	0.3	0.55	-0.45	-0.42	-0.54	-0.45	0.36	0.56	-0.46	-0.19	0.02	-0.43	-0.53	0.49	-0.56	0.11	0.48	0.63	-0.35		0.55	-0.47	-0.33
Inventory	0.66	-0.54	0.68	0.96	0.94	-0.61	-0.99	-0.47	-0.67	0.96	-0.24	-0.84	-0.87	0.77	-0.81	-0.86	0.98	-0.84	0.84	0.35	0.75	-0.74	0.55		0.42	0.58
Other Current Assets	0.04	0.1	-0.27	0.64	0.26	0.12	-0.53	0.27	0.01	0.55	-0.97	-0.21	-0.57	0.83	-0.17	-0.4	0.44	-0.09	0.79	0.13	-0.11	-0.22	-0.47	0.42		0.98
Other Stockholder Equity	0.23	-0.07	-0.09	0.78	0.45	-0.08	-0.69	0.11	-0.18	0.71	-0.89	-0.4	-0.72	0.89	-0.36	-0.51	0.6	-0.29	0.87	0.11	0.1	-0.39	-0.33	0.58	0.98

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29Metals Net Debt vs Property Plant And Equipment Net Analysis

Net Debt vs Property Plant And Equipment Net

Net Debt vs Property Plant And Equipment Net Correlation Analysis

Correlation Coefficient

Net Debt

Property Plant And Equipment Net

29Metals fundamental ratios Correlations

29Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Non Current Assets Total	+ 1.0	Retained Earnings
Property Plant And Equipment Net	+ 0.99	Total Assets
Other Assets	+ 0.99	Current Deferred Revenue
Long Term Debt	+ 0.99	Retained Earnings
Cash And Short Term Investments	+ 0.99	Cash
Long Term Debt	+ 0.99	Non Current Assets Total

Property Plant And Equipment Net	- 1.0	Common Stock Shares Outstanding
Inventory	- 0.99	Other Liab
Other Liab	- 0.99	Other Current Liab
Total Assets	- 0.99	Common Stock Shares Outstanding
Other Assets	- 0.98	Other Liab
Current Deferred Revenue	- 0.98	Other Liab