Eminent Net Tangible Assets vs Non Current Assets Total Analysis
EMNT Stock | CAD 0.33 0.02 5.71% |
Eminent Gold financial indicator trend analysis is much more than just examining Eminent Gold Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eminent Gold Corp is a good investment. Please check the relationship between Eminent Gold Net Tangible Assets and its Non Current Assets Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eminent 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 estimate.
Net Tangible Assets vs Non Current Assets Total
Net Tangible Assets vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eminent Gold Corp Net Tangible Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Eminent Gold's Net Tangible Assets and Non Current Assets Total is 0.81. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Eminent Gold Corp, assuming nothing else is changed. The correlation between historical values of Eminent Gold's Net Tangible Assets and Non Current Assets Total 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 Tangible Assets of Eminent Gold Corp are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Net Tangible Assets i.e., Eminent Gold's Net Tangible Assets and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from Eminent Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eminent 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eminent 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 estimate. At this time, Eminent Gold's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 17.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 690.9 K in 2024.
Eminent Gold fundamental ratios Correlations
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Eminent Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eminent Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Current Liabilities | 23.8K | 133.6K | 277.9K | 245.0K | 334.9K | 207.3K | |
Net Tangible Assets | (104.6K) | (218.2K) | 676.0K | 2.3M | 2.6M | 2.8M | |
Retained Earnings | (1.4M) | (2.7M) | (3.9M) | (5.4M) | (9.6M) | (9.1M) | |
Accounts Payable | 14.3K | 63.9K | 251.8K | 126.1K | 289.1K | 303.5K | |
Total Current Assets | 699.8K | 1.6M | 1.6M | 613.2K | 305.0K | 289.8K | |
Total Assets | 699.8K | 2.4M | 4.9M | 5.6M | 3.1M | 2.6M | |
Total Stockholder Equity | 676.0K | 2.3M | 4.6M | 5.4M | 2.7M | 2.4M | |
Cash | 697.8K | 1.6M | 1.2M | 96.4K | 207.0K | 196.7K | |
Common Stock Shares Outstanding | 25.0M | 36.2M | 41.0M | 44.9M | 49.7M | 35.7M | |
Total Liab | 23.8K | 133.6K | 277.9K | 245.0K | 334.9K | 223.9K | |
Net Invested Capital | 676.0K | 2.3M | 4.6M | 5.4M | 2.7M | 2.4M | |
Net Working Capital | 676.0K | 1.5M | 1.3M | 368.2K | (29.8K) | (28.4K) | |
Capital Stock | 2.0M | 4.2M | 7.5M | 9.3M | 10.7M | 6.4M |
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Additional Tools for Eminent Stock Analysis
When running Eminent Gold's price analysis, check to measure Eminent Gold'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 Eminent Gold is operating at the current time. Most of Eminent Gold's value examination focuses on studying past and present price action to predict the probability of Eminent Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eminent Gold's price. Additionally, you may evaluate how the addition of Eminent Gold to your portfolios can decrease your overall portfolio volatility.