Decade Free Cash Flow Yield vs Capex To Depreciation Analysis

DEC Stock  CAD 0.04  0.01  12.50%   
Decade Resources financial indicator trend analysis is much more than just examining Decade Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Decade Resources is a good investment. Please check the relationship between Decade Resources Free Cash Flow Yield and its Capex To Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Decade 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 Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Decade Resources Free Cash Flow Yield account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Decade Resources' Free Cash Flow Yield and Capex To Depreciation is -0.23. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Decade Resources, assuming nothing else is changed. The correlation between historical values of Decade Resources' Free Cash Flow Yield 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 Yield of Decade 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 Yield i.e., Decade Resources' Free Cash Flow Yield and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.23
Relationship DirectionNegative 
Relationship StrengthInsignificant

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price 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 Decade Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Decade 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Decade 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, Decade Resources' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 611.1 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2.3 M in 2024.

Decade Resources fundamental ratios Correlations

0.360.980.990.07-0.740.50.151.0-0.030.540.320.090.430.250.180.460.15-0.490.080.68-0.470.650.470.60.62
0.360.260.370.54-0.210.58-0.310.36-0.630.00.14-0.270.62-0.020.58-0.170.31-0.070.530.02-0.17-0.15-0.15-0.2-0.12
0.980.260.970.0-0.820.520.20.980.060.630.170.060.260.260.080.540.11-0.60.050.79-0.580.750.560.670.72
0.990.370.970.15-0.720.460.071.0-0.090.50.330.040.450.150.220.420.09-0.450.040.64-0.450.610.430.550.58
0.070.540.00.150.110.1-0.790.13-0.9-0.320.14-0.670.36-0.660.42-0.47-0.080.240.16-0.20.14-0.31-0.47-0.31-0.32
-0.74-0.21-0.82-0.720.11-0.6-0.41-0.73-0.18-0.90.310.150.12-0.360.07-0.73-0.010.84-0.04-0.920.87-0.79-0.82-0.63-0.86
0.50.580.520.460.1-0.60.050.46-0.120.42-0.25-0.110.090.49-0.130.150.67-0.630.770.55-0.640.390.260.220.41
0.15-0.310.20.07-0.79-0.410.050.080.680.71-0.090.35-0.190.77-0.230.75-0.07-0.36-0.170.41-0.310.530.760.560.6
1.00.360.981.00.13-0.730.460.08-0.080.510.320.040.440.160.220.440.08-0.460.030.66-0.460.620.440.570.59
-0.03-0.630.06-0.09-0.9-0.18-0.120.68-0.080.36-0.220.68-0.470.55-0.40.460.04-0.36-0.20.28-0.190.390.440.40.4
0.540.00.630.5-0.32-0.90.420.710.510.36-0.33-0.11-0.220.54-0.090.9-0.11-0.76-0.060.85-0.740.840.960.760.92
0.320.140.170.330.140.31-0.25-0.090.32-0.22-0.330.370.860.00.28-0.210.090.55-0.09-0.420.61-0.25-0.33-0.08-0.31
0.09-0.270.060.04-0.670.15-0.110.350.040.68-0.110.370.160.44-0.140.070.290.1-0.06-0.150.17-0.06-0.06-0.01-0.08
0.430.620.260.450.360.120.09-0.190.44-0.47-0.220.860.160.020.51-0.220.220.390.19-0.320.39-0.26-0.3-0.15-0.29
0.25-0.020.260.15-0.66-0.360.490.770.160.550.540.00.440.02-0.340.440.57-0.370.410.36-0.250.450.50.440.49
0.180.580.080.220.420.07-0.13-0.230.22-0.4-0.090.28-0.140.51-0.340.01-0.280.23-0.08-0.140.18-0.12-0.130.02-0.13
0.46-0.170.540.42-0.47-0.730.150.750.440.460.9-0.210.07-0.220.440.01-0.3-0.63-0.280.71-0.60.750.940.740.81
0.150.310.110.09-0.08-0.010.67-0.070.080.04-0.110.090.290.220.57-0.28-0.3-0.10.850.00.020.0-0.23-0.06-0.03
-0.49-0.07-0.6-0.450.240.84-0.63-0.36-0.46-0.36-0.760.550.10.39-0.370.23-0.63-0.1-0.25-0.860.87-0.74-0.71-0.57-0.76
0.080.530.050.040.16-0.040.77-0.170.03-0.2-0.06-0.09-0.060.190.41-0.08-0.280.85-0.250.03-0.1-0.02-0.2-0.08-0.04
0.680.020.790.64-0.2-0.920.550.410.660.280.85-0.42-0.15-0.320.36-0.140.710.0-0.860.03-0.840.930.810.80.94
-0.47-0.17-0.58-0.450.140.87-0.64-0.31-0.46-0.19-0.740.610.170.39-0.250.18-0.60.020.87-0.1-0.84-0.62-0.7-0.4-0.7
0.65-0.150.750.61-0.31-0.790.390.530.620.390.84-0.25-0.06-0.260.45-0.120.750.0-0.74-0.020.93-0.620.810.950.97
0.47-0.150.560.43-0.47-0.820.260.760.440.440.96-0.33-0.06-0.30.5-0.130.94-0.23-0.71-0.20.81-0.70.810.740.89
0.6-0.20.670.55-0.31-0.630.220.560.570.40.76-0.08-0.01-0.150.440.020.74-0.06-0.57-0.080.8-0.40.950.740.91
0.62-0.120.720.58-0.32-0.860.410.60.590.40.92-0.31-0.08-0.290.49-0.130.81-0.03-0.76-0.040.94-0.70.970.890.91
Click cells to compare fundamentals

Decade Resources Account Relationship Matchups

Decade Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.0M12.9M14.2M14.6M17.3M11.0M
Total Current Liabilities810.7K406.7K452.7K488.8K652.4K592.6K
Total Stockholder Equity9.9M11.9M13.1M13.6M15.6M9.4M
Property Plant And Equipment Net10.7M12.3M14.0M14.0M16.0M10.2M
Net Debt(147.8K)(275.0K)2.5K(245.9K)(282.8K)(296.9K)
Retained Earnings(15.6M)(17.0M)(17.5M)(18.6M)(20.6M)(19.6M)
Accounts Payable591.2K402.7K450.2K488.8K652.4K428.2K
Cash147.8K275.0K0.0245.9K795.9K835.7K
Non Current Assets Total10.8M12.5M14.2M14.2M16.3M10.3M
Cash And Short Term Investments75.6K147.8K275.0K245.9K221.3K302.2K
Common Stock Shares Outstanding33.3M40.9M48.9M58.4M88.8M93.2M
Liabilities And Stockholders Equity11.0M12.9M14.2M14.6M16.8M10.5M
Non Current Liabilities Total325.4K582.2K646.4K467.9K1.0M775.7K
Total Liab1.1M988.8K1.1M956.6K1.7M1.5M
Total Current Assets179.6K360.1K58.6K339.1K969.6K1.0M
Non Currrent Assets Other121.2K70K118.2K268.3K283.5K297.7K
Net Receivables23.9K77.2K52.1K86.7K55.3K52.6K
Other Current Assets500.0934.3K7.9K6.5K7.5K7.1K
Common Stock23.4M26.5M28.2M29.5M33.9M23.2M
Other Liab325.4K582.2K646.4K467.9K421.1K702.5K
Net Tangible Assets9.9M11.9M13.1M13.6M15.7M11.7M
Other Assets121.2K188.2K118.2K268.3K308.5K324.0K
Property Plant Equipment10.7M12.3M14.0M14.0M16.1M13.1M
Net Invested Capital9.9M11.9M13.1M13.6M15.6M13.0M
Net Working Capital(631.1K)(46.6K)(394.1K)(149.6K)317.2K333.1K
Capital Stock23.4M26.5M28.2M29.5M32.2M29.9M

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Additional Tools for Decade Stock Analysis

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