Fury Total Current Liabilities vs Net Tangible Assets Analysis

FURY Stock  USD 0.42  0.01  2.44%   
Fury Gold financial indicator trend analysis is much more than just examining Fury Gold Mines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fury Gold Mines is a good investment. Please check the relationship between Fury Gold Total Current Liabilities and its Net Tangible Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fury Gold Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Total Current Liabilities vs Net Tangible Assets

Total Current Liabilities vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fury Gold Mines Total Current Liabilities account and Net Tangible Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Fury Gold's Total Current Liabilities and Net Tangible Assets is 0.55. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Fury Gold Mines, assuming nothing else is changed. The correlation between historical values of Fury Gold's Total Current Liabilities and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Fury Gold Mines are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Current Liabilities i.e., Fury Gold's Total Current Liabilities and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.55
Relationship DirectionPositive 
Relationship StrengthWeak

Total Current Liabilities

Total Current Liabilities is an item on Fury Gold balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Fury Gold Mines are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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.
Most indicators from Fury Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fury Gold Mines 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 Fury Gold Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Fury Gold's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 10.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.2 M in 2024.

Fury Gold fundamental ratios Correlations

0.551.0-0.75-0.870.370.791.00.50.780.670.950.860.940.740.720.50.580.940.920.970.980.130.880.810.89
0.550.52-0.62-0.63-0.140.680.530.430.710.680.390.620.40.950.740.960.390.660.640.560.590.510.60.550.46
1.00.52-0.74-0.870.380.781.00.490.770.660.950.850.940.720.710.470.580.940.920.960.970.110.870.80.89
-0.75-0.62-0.740.57-0.07-0.98-0.72-0.39-0.98-0.74-0.57-0.7-0.55-0.69-0.95-0.68-0.42-0.71-0.68-0.67-0.69-0.61-0.73-0.77-0.74
-0.87-0.63-0.870.57-0.19-0.66-0.88-0.69-0.66-0.42-0.92-0.86-0.92-0.8-0.6-0.52-0.5-0.84-0.81-0.95-0.96-0.07-0.88-0.75-0.82
0.37-0.140.38-0.07-0.190.060.380.150.070.230.40.080.37-0.020.01-0.170.560.270.240.330.31-0.30.04-0.050.14
0.790.680.78-0.98-0.660.060.760.41.00.730.640.740.620.750.960.70.460.740.710.730.750.580.770.770.77
1.00.531.0-0.72-0.880.380.760.50.750.650.950.860.950.720.690.480.570.940.920.970.980.10.870.80.89
0.50.430.49-0.39-0.690.150.40.50.40.220.570.650.550.540.40.430.370.530.50.580.60.060.580.50.49
0.780.710.77-0.98-0.660.071.00.750.40.740.630.740.610.760.960.720.480.740.70.720.750.590.760.760.76
0.670.680.66-0.74-0.420.230.730.650.220.740.430.610.40.720.810.720.660.760.780.570.570.320.560.560.46
0.950.390.95-0.57-0.920.40.640.950.570.630.430.820.990.620.540.30.560.850.820.960.97-0.050.830.720.86
0.860.620.85-0.7-0.860.080.740.860.650.740.610.820.80.80.740.580.520.890.90.870.880.140.920.870.81
0.940.40.94-0.55-0.920.370.620.950.550.610.40.990.80.620.520.290.50.840.820.960.96-0.050.840.730.87
0.740.950.72-0.69-0.8-0.020.750.720.540.760.720.620.80.620.80.90.520.850.820.740.780.380.790.720.62
0.720.740.71-0.95-0.60.010.960.690.40.960.810.540.740.520.80.770.560.760.710.640.680.590.750.750.64
0.50.960.47-0.68-0.52-0.170.70.480.430.720.720.30.580.290.90.770.330.640.620.480.520.570.570.560.43
0.580.390.58-0.42-0.50.560.460.570.370.480.660.560.520.50.520.560.330.630.570.530.56-0.040.420.290.26
0.940.660.94-0.71-0.840.270.740.940.530.740.760.850.890.840.850.760.640.630.970.890.920.150.890.830.78
0.920.640.92-0.68-0.810.240.710.920.50.70.780.820.90.820.820.710.620.570.970.90.90.050.880.830.78
0.970.560.96-0.67-0.950.330.730.970.580.720.570.960.870.960.740.640.480.530.890.90.990.060.890.80.91
0.980.590.97-0.69-0.960.310.750.980.60.750.570.970.880.960.780.680.520.560.920.90.990.10.90.80.89
0.130.510.11-0.61-0.07-0.30.580.10.060.590.32-0.050.14-0.050.380.590.57-0.040.150.050.060.10.290.390.3
0.880.60.87-0.73-0.880.040.770.870.580.760.560.830.920.840.790.750.570.420.890.880.890.90.290.970.9
0.810.550.8-0.77-0.75-0.050.770.80.50.760.560.720.870.730.720.750.560.290.830.830.80.80.390.970.89
0.890.460.89-0.74-0.820.140.770.890.490.760.460.860.810.870.620.640.430.260.780.780.910.890.30.90.89
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Fury Gold Account Relationship Matchups

Fury Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets43.0M182.1M167.0M200.6M189.2M198.6M
Total Current Liabilities4.0M11.3M5.1M1.3M1.7M1.8M
Total Stockholder Equity36.8M166.3M157.4M194.8M182.9M192.0M
Net Debt2.3M(15.1M)(2.8M)(9.9M)(7.1M)(6.7M)
Retained Earnings(102.6M)(140.0M)(156.7M)(131.8M)(149.1M)(141.6M)
Accounts Payable832.03.2K1.7K908.0931K977.6K
Cash660K15.4M3.3M10.3M7.3M7.7M
Non Current Assets Total41.3M162.4M162.3M188.7M179.7M188.7M
Non Currrent Assets Other149K243K316K186K255K206.7K
Cash And Short Term Investments1.0M18.0M3.9M10.9M8.5M8.9M
Net Receivables55K827K322K369K374K222.1K
Common Stock Shares Outstanding63.5M80.4M119.7M139.5M144.2M151.4M
Liabilities And Stockholders Equity43.0M182.1M167.0M200.6M189.2M198.6M
Non Current Liabilities Total2.1M4.5M4.5M4.5M4.6M2.8M
Other Stockholder Equity10.0M11.5M18.6M20.3M21.7M22.7M
Total Liab6.1M15.8M9.7M5.8M6.3M3.4M
Total Current Assets1.7M19.6M4.7M11.9M9.4M4.7M
Other Current Liab1.1M11.2M5.0M1.1M647K614.7K
Other Current Assets651K785K502K602K966K492.9K
Property Plant And Equipment Net41.0M162.0M161.9M146.1M143.2M85.6M
Property Plant And Equipment Gross41.0M162.0M163.4M148.0M145.5M94.7M
Accumulated Other Comprehensive Income22K11.5M18.6M(3K)(9K)(8.6K)
Common Stock Total Equity105.9M122.0M129.4M294.7M338.9M355.9M
Common Stock129.4M294.7M295.5M306.3M310.3M325.8M
Short Term Investments346K2.7M605K582K1.2M870.2K
Other Liab1.9M2.1M4.3M4.2M4.8M2.9M
Net Tangible Assets40.5M36.8M166.3M157.4M181.0M92.4M
Property Plant Equipment40.6M41.0M162.0M161.9M186.2M195.5M
Net Invested Capital39.8M166.3M157.4M194.8M182.9M138.5M
Net Working Capital(2.3M)8.4M(428K)10.6M7.7M4.5M
Capital Stock129.4M294.7M295.5M306.3M310.3M267.3M

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When running Fury Gold's price analysis, check to measure Fury 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 Fury Gold is operating at the current time. Most of Fury Gold's value examination focuses on studying past and present price action to predict the probability of Fury 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 Fury Gold's price. Additionally, you may evaluate how the addition of Fury Gold to your portfolios can decrease your overall portfolio volatility.