Ascendant Free Cash Flow Per Share vs Capex To Depreciation Analysis

ASND Stock

CAD 0.05 0.01 25.00%

Ascendant Resources financial indicator trend analysis is way more than just evaluating Ascendant Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ascendant Resources is a good investment. Please check the relationship between Ascendant Resources Free Cash Flow Per Share and its Capex To Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ascendant 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 board of governors.

Free Cash Flow Per Share vs Capex To Depreciation

Free Cash Flow Per Share vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ascendant Resources Free Cash Flow Per Share account and Capex To Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Ascendant Resources' Free Cash Flow Per Share and Capex To Depreciation is -0.07. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Ascendant Resources, assuming nothing else is changed. The correlation between historical values of Ascendant Resources' Free Cash Flow Per Share and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Per Share of Ascendant Resources are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Free Cash Flow Per Share i.e., Ascendant Resources' Free Cash Flow Per Share and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.07

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Ascendant Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ascendant 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Ascendant 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 board of governors.

At this time, Ascendant Resources' Issuance Of Capital Stock is very stable compared to the past year. As of the 22nd of December 2024, Enterprise Value is likely to grow to about 27.1 M, while Selling General Administrative is likely to drop about 1.6 M.

Ascendant Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Inventory	Other Current Liab	Short Term Debt	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Property Plant And Equipment Gross	Other Assets	Common Stock	Short Long Term Debt Total	Other Liab
Total Assets		0.97	0.65	0.1	-0.17	0.96	0.53	0.53	0.92	0.3	0.73	0.13	0.38	0.93	0.85	0.88	0.97	0.77	0.92	0.94	0.89	0.92	0.91	0.44	0.36	0.51
Total Current Liabilities	0.97		0.6	0.22	-0.17	0.93	0.31	0.31	0.94	0.31	0.66	0.13	0.23	0.91	0.71	0.77	0.97	0.89	0.97	0.98	0.96	0.97	0.97	0.45	0.4	0.47
Total Stockholder Equity	0.65	0.6		-0.57	0.42	0.66	0.47	0.47	0.65	-0.31	-0.02	-0.59	0.64	0.31	0.67	0.67	0.51	0.54	0.53	0.55	0.65	0.53	0.54	0.0	-0.44	0.04
Net Debt	0.1	0.22	-0.57		-0.7	0.03	-0.48	-0.48	0.15	0.74	0.51	0.7	-0.73	0.41	-0.31	-0.26	0.24	0.27	0.27	0.33	0.21	0.28	0.35	0.54	0.91	0.38
Retained Earnings	-0.17	-0.17	0.42	-0.7		-0.11	0.03	0.02	-0.12	-0.97	-0.58	-0.67	0.35	-0.42	0.01	0.01	-0.25	-0.08	-0.11	-0.24	-0.13	-0.12	-0.22	-0.87	-0.77	-0.83
Accounts Payable	0.96	0.93	0.66	0.03	-0.11		0.48	0.49	0.97	0.26	0.65	0.09	0.47	0.87	0.84	0.88	0.93	0.68	0.9	0.89	0.86	0.9	0.87	0.4	0.26	0.4
Cash	0.53	0.31	0.47	-0.48	0.03	0.48		1.0	0.27	-0.03	0.47	-0.04	0.71	0.43	0.87	0.8	0.41	0.04	0.23	0.23	0.13	0.22	0.14	0.05	-0.07	0.35
Cash And Short Term Investments	0.53	0.31	0.47	-0.48	0.02	0.49	1.0		0.28	-0.02	0.47	-0.04	0.71	0.43	0.87	0.8	0.41	0.04	0.23	0.24	0.14	0.23	0.14	0.05	-0.07	0.35
Net Receivables	0.92	0.94	0.65	0.15	-0.12	0.97	0.27	0.28		0.3	0.57	0.05	0.32	0.83	0.69	0.75	0.91	0.76	0.92	0.93	0.93	0.92	0.94	0.46	0.29	0.37
Common Stock Shares Outstanding	0.3	0.31	-0.31	0.74	-0.97	0.26	-0.03	-0.02	0.3		0.65	0.67	-0.35	0.53	0.07	0.07	0.38	0.18	0.26	0.39	0.27	0.27	0.37	0.91	0.82	0.82
Non Current Liabilities Total	0.73	0.66	-0.02	0.51	-0.58	0.65	0.47	0.47	0.57	0.65		0.66	0.06	0.91	0.63	0.64	0.77	0.4	0.65	0.67	0.47	0.65	0.61	0.54	0.8	0.65
Other Current Assets	0.13	0.13	-0.59	0.7	-0.67	0.09	-0.04	-0.04	0.05	0.67	0.66		-0.43	0.45	0.0	0.02	0.29	-0.07	0.19	0.18	-0.03	0.2	0.12	0.39	0.78	0.41
Other Stockholder Equity	0.38	0.23	0.64	-0.73	0.35	0.47	0.71	0.71	0.32	-0.35	0.06	-0.43		0.15	0.72	0.71	0.24	0.03	0.17	0.11	0.14	0.16	0.08	-0.15	-0.49	0.01
Total Liab	0.93	0.91	0.31	0.41	-0.42	0.87	0.43	0.43	0.83	0.53	0.91	0.45	0.15		0.73	0.77	0.95	0.7	0.89	0.91	0.78	0.89	0.86	0.55	0.66	0.61
Total Current Assets	0.85	0.71	0.67	-0.31	0.01	0.84	0.87	0.87	0.69	0.07	0.63	0.0	0.72	0.73		0.99	0.77	0.43	0.64	0.63	0.56	0.64	0.56	0.21	0.06	0.42
Inventory	0.88	0.77	0.67	-0.26	0.01	0.88	0.8	0.8	0.75	0.07	0.64	0.02	0.71	0.77	0.99		0.81	0.5	0.71	0.69	0.62	0.71	0.63	0.21	0.08	0.4
Other Current Liab	0.97	0.97	0.51	0.24	-0.25	0.93	0.41	0.41	0.91	0.38	0.77	0.29	0.24	0.95	0.77	0.81		0.76	0.95	0.95	0.87	0.95	0.91	0.5	0.46	0.54
Short Term Debt	0.77	0.89	0.54	0.27	-0.08	0.68	0.04	0.04	0.76	0.18	0.4	-0.07	0.03	0.7	0.43	0.5	0.76		0.85	0.88	0.93	0.85	0.91	0.34	0.32	0.35
Property Plant And Equipment Net	0.92	0.97	0.53	0.27	-0.11	0.9	0.23	0.23	0.92	0.26	0.65	0.19	0.17	0.89	0.64	0.71	0.95	0.85		0.96	0.92	1.0	0.95	0.37	0.42	0.35
Non Current Assets Total	0.94	0.98	0.55	0.33	-0.24	0.89	0.23	0.24	0.93	0.39	0.67	0.18	0.11	0.91	0.63	0.69	0.95	0.88	0.96		0.96	0.97	0.99	0.51	0.48	0.49
Non Currrent Assets Other	0.89	0.96	0.65	0.21	-0.13	0.86	0.13	0.14	0.93	0.27	0.47	-0.03	0.14	0.78	0.56	0.62	0.87	0.93	0.92	0.96		0.92	0.97	0.47	0.3	0.41
Property Plant And Equipment Gross	0.92	0.97	0.53	0.28	-0.12	0.9	0.22	0.23	0.92	0.27	0.65	0.2	0.16	0.89	0.64	0.71	0.95	0.85	1.0	0.97	0.92		0.95	0.38	0.43	0.36
Other Assets	0.91	0.97	0.54	0.35	-0.22	0.87	0.14	0.14	0.94	0.37	0.61	0.12	0.08	0.86	0.56	0.63	0.91	0.91	0.95	0.99	0.97	0.95		0.49	0.46	0.43
Common Stock	0.44	0.45	0.0	0.54	-0.87	0.4	0.05	0.05	0.46	0.91	0.54	0.39	-0.15	0.55	0.21	0.21	0.5	0.34	0.37	0.51	0.47	0.38	0.49		0.62	0.9
Short Long Term Debt Total	0.36	0.4	-0.44	0.91	-0.77	0.26	-0.07	-0.07	0.29	0.82	0.8	0.78	-0.49	0.66	0.06	0.08	0.46	0.32	0.42	0.48	0.3	0.43	0.46	0.62		0.59
Other Liab	0.51	0.47	0.04	0.38	-0.83	0.4	0.35	0.35	0.37	0.82	0.65	0.41	0.01	0.61	0.42	0.4	0.54	0.35	0.35	0.49	0.41	0.36	0.43	0.9	0.59

Click cells to compare fundamentals

Ascendant Resources Account Relationship Matchups

Ascendant Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	75.4M	6.5M	7.9M	13.8M	18.5M	19.1M
Total Current Liabilities	35.5M	1.7M	3.7M	1.6M	7.7M	6.8M
Total Stockholder Equity	15.9M	4.8M	3.9M	(3.8M)	(16.3M)	(15.5M)
Net Debt	13.3M	(550K)	2.0M	10.5M	17.8M	18.7M
Retained Earnings	(30.2M)	(42.0M)	(46.7M)	(52.0M)	(59.2M)	(56.3M)
Accounts Payable	7.0M	444K	317K	587K	1.2M	2.3M
Cash	1.7M	756K	938K	3.8M	637K	605.2K
Cash And Short Term Investments	1.7M	756K	938K	3.8M	660K	627K
Net Receivables	3.8M	92K	207K	217K	450K	784.3K
Common Stock Shares Outstanding	77.3M	84.2M	98.3M	122.8M	133.6M	140.3M
Liabilities And Stockholders Equity	75.4M	6.5M	7.9M	13.8M	18.5M	19.1M
Non Current Liabilities Total	24.0M	0.0	341K	16.0M	23.6M	24.8M
Other Current Assets	324K	195K	260K	133K	2.4M	2.5M
Other Stockholder Equity	7.5M	5.8M	6.8M	1.7M	(5.1M)	(4.8M)
Total Liab	59.5M	1.7M	4.1M	17.6M	31.3M	32.9M
Total Current Assets	18.4M	1.1M	1.5M	4.2M	3.0M	2.9M
Inventory	12.6M	194.8K	315.5K	132.6K	1.9M	1.8M
Accumulated Other Comprehensive Income	2.4M	2.2M	2.2M	2.0M	1.5M	1.6M
Other Current Liab	12.7M	1.0M	820K	923K	6.5M	3.5M
Short Term Debt	14.6M	206K	2.6M	75K	76K	72.2K
Property Plant And Equipment Net	48.1M	129K	449K	765K	15.2M	12.5M
Non Current Assets Total	57.0M	5.4M	6.4M	9.6M	15.5M	14.7M
Non Currrent Assets Other	5.1M	888K	639K	316K	363.4K	345.2K
Property Plant And Equipment Gross	48.1M	392K	793K	1.2M	15.8M	12.7M
Other Assets	1.8M	3.9M	5.1M	639K	734.9K	1.2M
Common Stock	36.2M	38.8M	41.6M	44.5M	46.5M	25.5M
Short Long Term Debt Total	15.0M	206K	2.9M	14.3M	18.4M	19.3M
Net Tangible Assets	23.6M	15.9M	4.8M	3.9M	4.4M	4.2M
Short Long Term Debt	1.5M	4.8M	14.3M	2.5M	2.9M	4.5M
Property Plant Equipment	48.1M	129K	449K	765K	688.5K	654.1K
Long Term Debt Total	362K	0.0	341K	14.2M	16.3M	17.2M
Capital Lease Obligations	637K	206K	415K	320K	251K	238.5K
Net Invested Capital	30.2M	4.8M	6.4M	10.2M	1.9M	1.8M
Net Working Capital	(17.1M)	(603K)	(2.2M)	2.6M	(4.7M)	(4.4M)
Long Term Investments	3.8M	4.4M	5.4M	8.9M	149K	141.6K
Capital Stock	36.2M	38.8M	41.6M	44.5M	46.5M	44.7M

Pair Trading with Ascendant Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ascendant Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ascendant Resources will appreciate offsetting losses from the drop in the long position's value.

Moving against Ascendant Stock

0.31

KDA

KDA Group

Pair Corr

The ability to find closely correlated positions to Ascendant Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ascendant Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ascendant Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ascendant Resources to buy it.

The correlation of Ascendant Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ascendant Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ascendant Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Ascendant Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Ascendant Stock

Balance Sheet is a snapshot of the financial position of Ascendant Resources at a specified time, usually calculated after every quarter, six months, or one year. Ascendant Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ascendant Resources 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 Ascendant currently owns. An asset can also be divided into two categories, current and non-current.

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

Ascendant Free Cash Flow Per Share vs Capex To Depreciation Analysis

Free Cash Flow Per Share vs Capex To Depreciation

Free Cash Flow Per Share vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Free Cash Flow Per Share

Capex To Depreciation

Ascendant Resources fundamental ratios Correlations

Ascendant Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ascendant Resources fundamental ratios Accounts

Pair Trading with Ascendant Resources

Moving against Ascendant Stock

Other Information on Investing in Ascendant Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Inventory	+ 0.99	Total Current Assets
Other Assets	+ 0.99	Non Current Assets Total
Non Current Assets Total	+ 0.98	Total Current Liabilities
Total Current Liabilities	+ 0.97	Total Assets

Common Stock Shares Outstanding	- 0.97	Retained Earnings
Common Stock	- 0.87	Retained Earnings
Other Liab	- 0.83	Retained Earnings
Short Long Term Debt Total	- 0.77	Retained Earnings
Other Stockholder Equity	- 0.73	Net Debt
Retained Earnings	- 0.7	Net Debt