Arizona Tangible Book Value Per Share vs Ptb Ratio Analysis

AZS Stock  CAD 0.42  0.01  2.33%   
Arizona Gold financial indicator trend analysis is way more than just evaluating Arizona Gold Silver prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Arizona Gold Silver is a good investment. Please check the relationship between Arizona Gold Tangible Book Value Per Share and its Ptb Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arizona Gold Silver. 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.

Tangible Book Value Per Share vs Ptb Ratio

Tangible Book Value Per Share vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Arizona Gold Silver Tangible Book Value Per Share account and Ptb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Arizona Gold's Tangible Book Value Per Share and Ptb Ratio is -0.21. Overlapping area represents the amount of variation of Tangible Book Value Per Share that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Arizona Gold Silver, assuming nothing else is changed. The correlation between historical values of Arizona Gold's Tangible Book Value Per Share and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tangible Book Value Per Share of Arizona Gold Silver are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Tangible Book Value Per Share i.e., Arizona Gold's Tangible Book Value Per Share and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.21
Relationship DirectionNegative 
Relationship StrengthInsignificant

Tangible Book Value Per Share

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Most indicators from Arizona Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Arizona Gold Silver 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 Arizona Gold Silver. 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, Arizona Gold's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 24 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.1 M in 2024.

Arizona Gold fundamental ratios Correlations

0.00.251.00.31-0.980.37-0.22-0.220.050.99-0.710.25-0.020.991.01.0-0.230.3-0.650.9-0.650.850.88-0.750.89
0.00.81-0.030.050.0-0.1-0.04-0.04-0.21-0.03-0.230.81-0.06-0.05-0.010.00.03-0.05-0.070.04-0.070.010.050.010.01
0.250.810.220.15-0.30.48-0.1-0.10.130.26-0.181.0-0.050.210.250.250.220.22-0.140.26-0.140.180.23-0.370.24
1.0-0.030.220.31-0.980.36-0.21-0.210.050.99-0.710.22-0.020.991.01.0-0.240.29-0.650.9-0.650.850.88-0.740.89
0.310.050.150.31-0.330.0-0.99-0.990.030.32-0.020.15-0.950.260.330.39-0.26-0.19-0.410.38-0.410.240.31-0.650.32
-0.980.0-0.3-0.98-0.33-0.440.250.25-0.09-0.980.72-0.30.05-0.98-0.98-0.980.18-0.320.52-0.930.52-0.87-0.90.77-0.92
0.37-0.10.480.360.0-0.440.060.060.550.44-0.010.480.160.390.380.360.40.56-0.080.28-0.080.250.22-0.520.3
-0.22-0.04-0.1-0.21-0.990.250.061.0-0.04-0.23-0.03-0.10.98-0.17-0.24-0.290.270.220.33-0.30.33-0.18-0.240.59-0.25
-0.22-0.04-0.1-0.21-0.990.250.061.0-0.04-0.23-0.03-0.10.98-0.17-0.24-0.290.270.220.33-0.30.33-0.18-0.240.59-0.25
0.05-0.210.130.050.03-0.090.55-0.04-0.040.150.10.130.040.110.050.05-0.010.020.2-0.050.2-0.01-0.15-0.490.01
0.99-0.030.260.990.32-0.980.44-0.23-0.230.15-0.70.26-0.030.990.990.99-0.210.34-0.620.89-0.620.850.86-0.790.89
-0.71-0.23-0.18-0.71-0.020.72-0.01-0.03-0.030.1-0.7-0.18-0.17-0.72-0.7-0.690.16-0.270.35-0.670.35-0.67-0.690.34-0.69
0.250.811.00.220.15-0.30.48-0.1-0.10.130.26-0.18-0.050.210.250.250.220.22-0.140.26-0.140.180.23-0.370.24
-0.02-0.06-0.05-0.02-0.950.050.160.980.980.04-0.03-0.17-0.050.04-0.05-0.10.230.320.25-0.120.250.02-0.070.43-0.06
0.99-0.050.210.990.26-0.980.39-0.17-0.170.110.99-0.720.210.040.990.99-0.250.32-0.60.89-0.60.870.87-0.730.9
1.0-0.010.251.00.33-0.980.38-0.24-0.240.050.99-0.70.25-0.050.991.0-0.230.3-0.660.9-0.660.840.88-0.750.89
1.00.00.251.00.39-0.980.36-0.29-0.290.050.99-0.690.25-0.10.991.0-0.250.27-0.670.9-0.670.840.88-0.780.89
-0.230.030.22-0.24-0.260.180.40.270.27-0.01-0.210.160.220.23-0.25-0.23-0.250.60.14-0.240.14-0.2-0.220.22-0.27
0.3-0.050.220.29-0.19-0.320.560.220.220.020.34-0.270.220.320.320.30.270.6-0.180.22-0.180.410.24-0.040.27
-0.65-0.07-0.14-0.65-0.410.52-0.080.330.330.2-0.620.35-0.140.25-0.6-0.66-0.670.14-0.18-0.391.0-0.32-0.380.48-0.33
0.90.040.260.90.38-0.930.28-0.3-0.3-0.050.89-0.670.26-0.120.890.90.9-0.240.22-0.39-0.390.930.99-0.670.99
-0.65-0.07-0.14-0.65-0.410.52-0.080.330.330.2-0.620.35-0.140.25-0.6-0.66-0.670.14-0.181.0-0.39-0.32-0.380.48-0.33
0.850.010.180.850.24-0.870.25-0.18-0.18-0.010.85-0.670.180.020.870.840.84-0.20.41-0.320.93-0.320.94-0.530.96
0.880.050.230.880.31-0.90.22-0.24-0.24-0.150.86-0.690.23-0.070.870.880.88-0.220.24-0.380.99-0.380.94-0.580.98
-0.750.01-0.37-0.74-0.650.77-0.520.590.59-0.49-0.790.34-0.370.43-0.73-0.75-0.780.22-0.040.48-0.670.48-0.53-0.58-0.65
0.890.010.240.890.32-0.920.3-0.25-0.250.010.89-0.690.24-0.060.90.890.89-0.270.27-0.330.99-0.330.960.98-0.65
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Arizona Gold Account Relationship Matchups

Arizona Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.4M6.0M7.1M8.4M9.6M10.1M
Other Current Liab15.3K32.8K27K85.8K98.7K63.1K
Total Current Liabilities139.7K129.8K46.8K187.2K215.3K128.4K
Total Stockholder Equity4.3M5.8M7.0M8.2M9.4M9.9M
Net Debt(824.0K)(591.9K)(223.8K)58.0K66.7K70.1K
Retained Earnings(3.2M)(3.7M)(4.3M)(5.9M)(5.3M)(5.0M)
Accounts Payable124.4K97.0K19.8K58.8K67.7K55.6K
Cash824.0K591.9K223.8K43.3K49.8K47.4K
Cash And Short Term Investments824.0K591.9K223.8K43.3K49.8K47.4K
Net Receivables18.1K37.3K28.4K7.5K8.6K8.2K
Common Stock Shares Outstanding43.1M56.3M62.1M68.6M78.9M82.8M
Liabilities And Stockholders Equity4.4M6.0M7.1M8.4M9.6M10.1M
Other Stockholder Equity65.0K683.0K(10K)(1.0)(0.9)(0.85)
Total Liab139.7K129.8K46.8K187.2K215.3K128.4K
Total Current Assets877.2K765.9K386.1K168.0K193.3K183.6K
Accumulated Other Comprehensive Income1.4M1.5M1.7M2.4M2.8M2.9M
Net Tangible Assets2.4M4.3M5.8M7.0M8.1M8.5M
Common Stock6.1M8.0M9.6M11.6M13.4M14.0M
Non Current Assets Total3.6M5.2M6.7M8.2M9.4M9.9M
Non Currrent Assets Other46.5K57.4K(10K)33.2K29.9K25.4K
Other Assets38.8K46.5K57.4K32.2K37.0K41.4K
Property Plant And Equipment Net3.5M5.2M6.6M8.1M9.4M4.7M
Other Current Assets35.0K136.8K133.8K117.2K134.8K74.1K
Net Invested Capital4.3M5.8M7.0M8.3M9.5M5.2M
Net Working Capital737.5K636.1K339.2K(19.2K)(17.2K)(16.4K)
Property Plant Equipment2.5M3.5M5.2M6.6M7.6M4.0M
Capital Stock6.1M8.0M9.6M11.6M13.4M7.8M

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