Clean Net Invested Capital vs Net Tangible Assets Analysis

AIR Stock   0.05  0.01  9.09%   
Clean Air financial indicator trend analysis is way more than just evaluating Clean Air Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clean Air Metals is a good investment. Please check the relationship between Clean Air Net Invested Capital and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clean Air Metals. 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 Invested Capital vs Net Tangible Assets

Net Invested Capital vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clean Air Metals Net Invested Capital account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.
Net Invested CapitalNet Tangible AssetsDiversified AwayNet Invested CapitalNet Tangible AssetsDiversified Away100%
The correlation between Clean Air's Net Invested Capital and Net Tangible Assets is 0.95. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Clean Air Metals, assuming nothing else is changed. The correlation between historical values of Clean Air's Net Invested Capital and Net Tangible 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 Net Invested Capital of Clean Air Metals are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Invested Capital i.e., Clean Air's Net Invested Capital and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Clean Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clean Air Metals 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 Clean Air Metals. 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, Clean Air's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 13.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.4 M in 2024.

Clean Air fundamental ratios Correlations

0.830.75-0.89-0.07-0.080.80.350.630.54-0.110.55-0.670.490.740.460.50.530.50.640.2-0.11-0.860.69-0.640.69
0.830.88-0.840.440.00.820.450.790.780.410.77-0.460.540.710.360.820.780.790.820.170.44-0.830.8-0.770.83
0.750.88-0.940.480.460.980.780.930.950.30.95-0.730.790.880.630.910.950.910.980.580.31-0.940.94-0.910.91
-0.89-0.84-0.94-0.23-0.35-0.96-0.66-0.8-0.8-0.03-0.810.81-0.7-0.88-0.6-0.73-0.79-0.72-0.88-0.53-0.030.98-0.90.84-0.85
-0.070.440.48-0.230.40.350.330.510.640.650.640.130.190.10.170.690.660.640.580.110.75-0.30.57-0.610.6
-0.080.00.46-0.350.40.450.790.480.590.030.6-0.550.60.440.520.460.580.490.550.860.02-0.370.48-0.510.38
0.80.820.98-0.960.350.450.740.890.90.130.9-0.790.750.880.750.810.890.820.940.590.13-0.970.93-0.90.9
0.350.450.78-0.660.330.790.740.80.840.290.85-0.830.960.860.560.790.840.820.830.930.24-0.640.63-0.650.57
0.630.790.93-0.80.510.480.890.80.960.320.97-0.680.80.80.690.90.960.950.960.560.34-0.860.87-0.910.9
0.540.780.95-0.80.640.590.90.840.960.441.0-0.640.810.80.630.961.00.980.990.630.46-0.830.89-0.910.89
-0.110.410.3-0.030.650.030.130.290.320.440.420.140.340.21-0.170.640.470.580.370.080.980.020.12-0.140.17
0.550.770.95-0.810.640.60.90.850.971.00.42-0.650.810.80.650.961.00.970.990.640.44-0.840.9-0.920.89
-0.67-0.46-0.730.810.13-0.55-0.79-0.83-0.68-0.640.14-0.65-0.87-0.92-0.63-0.53-0.63-0.58-0.7-0.830.210.75-0.60.57-0.51
0.490.540.79-0.70.190.60.750.960.80.810.340.81-0.870.940.530.790.810.820.810.870.26-0.640.57-0.580.52
0.740.710.88-0.880.10.440.880.860.80.80.210.8-0.920.940.550.770.80.780.840.760.15-0.810.69-0.650.63
0.460.360.63-0.60.170.520.750.560.690.63-0.170.65-0.630.530.550.440.620.520.650.52-0.19-0.690.67-0.70.65
0.50.820.91-0.730.690.460.810.790.90.960.640.96-0.530.790.770.440.970.990.950.540.65-0.730.8-0.810.81
0.530.780.95-0.790.660.580.890.840.961.00.471.0-0.630.810.80.620.970.980.990.620.49-0.820.88-0.90.88
0.50.790.91-0.720.640.490.820.820.950.980.580.97-0.580.820.780.520.990.980.950.580.59-0.740.8-0.830.81
0.640.820.98-0.880.580.550.940.830.960.990.370.99-0.70.810.840.650.950.990.950.620.38-0.890.93-0.930.91
0.20.170.58-0.530.110.860.590.930.560.630.080.64-0.830.870.760.520.540.620.580.620.01-0.470.44-0.440.33
-0.110.440.31-0.030.750.020.130.240.340.460.980.440.210.260.15-0.190.650.490.590.380.01-0.010.19-0.210.24
-0.86-0.83-0.940.98-0.3-0.37-0.97-0.64-0.86-0.830.02-0.840.75-0.64-0.81-0.69-0.73-0.82-0.74-0.89-0.47-0.01-0.950.92-0.92
0.690.80.94-0.90.570.480.930.630.870.890.120.9-0.60.570.690.670.80.880.80.930.440.19-0.95-0.990.98
-0.64-0.77-0.910.84-0.61-0.51-0.9-0.65-0.91-0.91-0.14-0.920.57-0.58-0.65-0.7-0.81-0.9-0.83-0.93-0.44-0.210.92-0.99-0.99
0.690.830.91-0.850.60.380.90.570.90.890.170.89-0.510.520.630.650.810.880.810.910.330.24-0.920.98-0.99
Click cells to compare fundamentals

Clean Air Account Relationship Matchups

Clean Air fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab394.7K230.8K393.9K240.7K3.3M3.5M
Total Current Liabilities693.1K1.9M3.0M623.7K3.5M3.7M
Net Tangible Assets1.3M23.2M31.0M38.9M44.7M46.9M
Retained Earnings(75.5M)(76.7M)(78.9M)(83.7M)(87.1M)(91.4M)
Accounts Payable47.1K230.8K855.4K368.6K51.5K48.9K
Net Receivables67.5K561.9K469.1K5.2M120.8K114.8K
Other Stockholder Equity234.7K6.7M9.1M14.0M16.1M17.0M
Total Current Assets2.0M7.6M1.3M12.3M6.7M4.2M
Common Stock73.6M93.3M100.8M108.5M124.8M92.8M
Total Assets2.0M27.1M35.1M42.3M39.2M26.8M
Short Long Term Debt Total251.3K3.7M2.6M26.5K30.4K28.9K
Total Stockholder Equity1.3M23.2M31.0M38.9M35.7M24.0M
Net Debt(1.3M)(3.0M)2.0M(6.8M)(6.2M)(5.9M)
Cash1.5M6.7M542.6K6.9M5.9M4.1M
Cash And Short Term Investments1.5M6.7M542.6K6.9M7.9M8.3M
Common Stock Shares Outstanding23.6M106.5M131.7M219.6M224.0M152.5M
Liabilities And Stockholders Equity2.0M27.1M35.1M42.3M48.6M51.1M
Total Liab693.1K3.9M4.0M3.4M3.5M2.9M
Net Invested Capital1.5M26.9M33.6M38.9M35.7M25.2M
Accumulated Other Comprehensive Income2.9M6.7M9.1M14.0M16.1M17.0M
Capital Stock73.6M93.3M100.8M108.5M108.7M102.1M
Net Working Capital1.3M5.7M(1.6M)11.7M3.2M3.8M
Short Term Debt251.3K1.7M1.7M14.3K16.5K15.7K

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 Clean Stock Analysis

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