| BYN Stock | | | CAD 0.19 0.01 5.56% |
Banyan Gold financial indicator trend analysis is way more than just evaluating Banyan Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Banyan Gold Corp is a good investment. Please check the relationship between Banyan Gold Net Debt and its Depreciation And Amortization accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Banyan Gold Corp. 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 Depreciation And Amortization
Net Debt vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Banyan Gold Corp Net Debt account and
Depreciation And Amortization. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Banyan Gold's Net Debt and Depreciation And Amortization is -0.61. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Banyan Gold Corp, assuming nothing else is changed. The correlation between historical values of Banyan Gold's Net Debt and Depreciation And Amortization 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 Banyan Gold Corp are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Net Debt i.e., Banyan Gold's Net Debt and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | -0.61 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
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.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Banyan Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Banyan Gold Corp 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 Banyan Gold Corp. 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, Banyan Gold's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 20.6
M in 2024, despite the fact that
Enterprise Value Over EBITDA is likely to grow to
(31.75).
Banyan Gold fundamental ratios Correlations
Click cells to compare fundamentals
Banyan Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Banyan Gold fundamental ratios Accounts
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Additional Tools for Banyan Stock Analysis
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