Independence Free Cash Flow Yield vs Net Income Per Share Analysis

IGO Stock

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Independence Gold financial indicator trend analysis is infinitely more than just investigating Independence Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Independence Gold Corp is a good investment. Please check the relationship between Independence Gold Free Cash Flow Yield and its Net Income Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence 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.

Free Cash Flow Yield vs Net Income Per Share

Free Cash Flow Yield vs Net Income Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independence Gold Corp Free Cash Flow Yield account and Net Income Per Share. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Independence Gold's Free Cash Flow Yield and Net Income Per Share is 0.91. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Independence Gold Corp, assuming nothing else is changed. The correlation between historical values of Independence Gold's Free Cash Flow Yield and Net Income Per Share 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 Independence Gold Corp are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Free Cash Flow Yield i.e., Independence Gold's Free Cash Flow Yield and Net Income Per Share go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

Net Income Per Share

Most indicators from Independence Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Independence 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence 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, Independence Gold's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 32.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 728.5 K in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	99.1K	95.8K	98.8K	98.0K
Interest Income	2.9K	2.2K	2.6K	2.5K

Depreciation And Amortization Interest Income

Independence Gold fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Total Current Liabilities	Accounts Payable	Other Current Liab	Net Tangible Assets	Non Currrent Assets Other	Other Assets	Other Current Assets	Common Stock	Property Plant Equipment	Net Invested Capital	Net Working Capital
Total Assets		1.0	0.89	-0.81	0.94	0.79	0.89	0.95	0.74	-0.79	0.51	0.19	0.76	0.14	0.95	0.68	0.79	-0.5	0.91	-0.12	-0.67	0.38	-0.76	0.82	0.78	0.54
Total Stockholder Equity	1.0		0.9	-0.8	0.94	0.78	0.89	0.94	0.72	-0.8	0.53	0.16	0.77	0.08	0.94	0.64	0.76	-0.51	0.92	-0.1	-0.66	0.35	-0.78	0.83	0.8	0.55
Property Plant And Equipment Net	0.89	0.9		-0.52	0.93	0.51	1.0	0.7	0.54	-0.85	0.54	0.03	0.7	-0.04	0.7	0.41	0.53	-0.54	0.92	-0.1	-0.69	0.21	-0.9	0.99	0.94	0.4
Net Debt	-0.81	-0.8	-0.52		-0.65	-1.0	-0.52	-0.9	-0.88	0.54	-0.01	-0.57	-0.51	-0.33	-0.91	-0.81	-0.85	0.23	-0.55	0.11	0.44	-0.58	0.35	-0.4	-0.36	-0.42
Retained Earnings	0.94	0.94	0.93	-0.65		0.64	0.93	0.82	0.62	-0.94	0.58	0.05	0.76	-0.03	0.82	0.52	0.64	-0.72	0.98	-0.25	-0.68	0.3	-0.91	0.89	0.88	0.44
Cash	0.79	0.78	0.51	-1.0	0.64		0.5	0.88	0.88	-0.55	-0.02	0.61	0.48	0.37	0.89	0.83	0.85	-0.24	0.53	-0.16	-0.46	0.6	-0.34	0.38	0.34	0.38
Non Current Assets Total	0.89	0.89	1.0	-0.52	0.93	0.5		0.69	0.54	-0.85	0.54	0.02	0.71	-0.05	0.69	0.4	0.52	-0.54	0.92	-0.09	-0.69	0.2	-0.9	0.99	0.94	0.41
Cash And Short Term Investments	0.95	0.94	0.7	-0.9	0.82	0.88	0.69		0.75	-0.65	0.45	0.27	0.69	0.24	1.0	0.78	0.87	-0.4	0.78	-0.13	-0.57	0.45	-0.57	0.6	0.57	0.56
Net Receivables	0.74	0.72	0.54	-0.88	0.62	0.88	0.54	0.75		-0.58	-0.06	0.54	0.58	0.31	0.77	0.77	0.81	-0.26	0.51	0.1	-0.26	0.4	-0.38	0.43	0.43	0.38
Common Stock Shares Outstanding	-0.79	-0.8	-0.85	0.54	-0.94	-0.55	-0.85	-0.65	-0.58		-0.42	-0.13	-0.64	0.05	-0.65	-0.41	-0.51	0.81	-0.9	0.39	0.65	-0.26	0.9	-0.83	-0.82	-0.25
Short Term Investments	0.51	0.53	0.54	-0.01	0.58	-0.02	0.54	0.45	-0.06	-0.42		-0.59	0.58	-0.2	0.43	0.1	0.23	-0.51	0.69	-0.06	-0.37	-0.15	-0.61	0.57	0.61	0.47
Non Current Liabilities Total	0.19	0.16	0.03	-0.57	0.05	0.61	0.02	0.27	0.54	-0.13	-0.59		-0.16	0.64	0.29	0.52	0.42	0.1	-0.1	-0.33	-0.3	0.44	0.11	-0.07	-0.21	-0.31
Other Stockholder Equity	0.76	0.77	0.7	-0.51	0.76	0.48	0.71	0.69	0.58	-0.64	0.58	-0.16		-0.12	0.69	0.4	0.52	-0.52	0.8	0.15	-0.4	0.22	-0.63	0.68	0.71	0.56
Total Liab	0.14	0.08	-0.04	-0.33	-0.03	0.37	-0.05	0.24	0.31	0.05	-0.2	0.64	-0.12		0.24	0.73	0.6	0.16	-0.12	-0.26	-0.24	0.57	0.21	-0.13	-0.24	-0.22
Total Current Assets	0.95	0.94	0.7	-0.91	0.82	0.89	0.69	1.0	0.77	-0.65	0.43	0.29	0.69	0.24		0.79	0.88	-0.4	0.77	-0.12	-0.57	0.46	-0.57	0.59	0.57	0.56
Total Current Liabilities	0.68	0.64	0.41	-0.81	0.52	0.83	0.4	0.78	0.77	-0.41	0.1	0.52	0.4	0.73	0.79		0.98	-0.18	0.41	-0.14	-0.36	0.65	-0.22	0.27	0.24	0.27
Accounts Payable	0.79	0.76	0.53	-0.85	0.64	0.85	0.52	0.87	0.81	-0.51	0.23	0.42	0.52	0.6	0.88	0.98		-0.28	0.55	-0.11	-0.41	0.59	-0.36	0.4	0.36	0.35
Other Current Liab	-0.5	-0.51	-0.54	0.23	-0.72	-0.24	-0.54	-0.4	-0.26	0.81	-0.51	0.1	-0.52	0.16	-0.4	-0.18	-0.28		-0.71	0.56	0.51	-0.11	0.76	-0.54	-0.55	-0.02
Net Tangible Assets	0.91	0.92	0.92	-0.55	0.98	0.53	0.92	0.78	0.51	-0.9	0.69	-0.1	0.8	-0.12	0.77	0.41	0.55	-0.71		-0.21	-0.68	0.22	-0.9	0.9	0.92	0.53
Non Currrent Assets Other	-0.12	-0.1	-0.1	0.11	-0.25	-0.16	-0.09	-0.13	0.1	0.39	-0.06	-0.33	0.15	-0.26	-0.12	-0.14	-0.11	0.56	-0.21		0.64	-0.32	0.3	-0.08	0.03	0.41
Other Assets	-0.67	-0.66	-0.69	0.44	-0.68	-0.46	-0.69	-0.57	-0.26	0.65	-0.37	-0.3	-0.4	-0.24	-0.57	-0.36	-0.41	0.51	-0.68	0.64		-0.33	0.65	-0.67	-0.53	-0.05
Other Current Assets	0.38	0.35	0.21	-0.58	0.3	0.6	0.2	0.45	0.4	-0.26	-0.15	0.44	0.22	0.57	0.46	0.65	0.59	-0.11	0.22	-0.32	-0.33		-0.09	0.12	0.03	-0.02
Common Stock	-0.76	-0.78	-0.9	0.35	-0.91	-0.34	-0.9	-0.57	-0.38	0.9	-0.61	0.11	-0.63	0.21	-0.57	-0.22	-0.36	0.76	-0.9	0.3	0.65	-0.09		-0.92	-0.86	-0.22
Property Plant Equipment	0.82	0.83	0.99	-0.4	0.89	0.38	0.99	0.6	0.43	-0.83	0.57	-0.07	0.68	-0.13	0.59	0.27	0.4	-0.54	0.9	-0.08	-0.67	0.12	-0.92		0.96	0.38
Net Invested Capital	0.78	0.8	0.94	-0.36	0.88	0.34	0.94	0.57	0.43	-0.82	0.61	-0.21	0.71	-0.24	0.57	0.24	0.36	-0.55	0.92	0.03	-0.53	0.03	-0.86	0.96		0.56
Net Working Capital	0.54	0.55	0.4	-0.42	0.44	0.38	0.41	0.56	0.38	-0.25	0.47	-0.31	0.56	-0.22	0.56	0.27	0.35	-0.02	0.53	0.41	-0.05	-0.02	-0.22	0.38	0.56

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Independence Gold Account Relationship Matchups

Independence Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.4M	14.4M	7.0M	6.5M	8.5M	13.1M
Total Stockholder Equity	11.4M	13.3M	6.2M	5.7M	7.6M	12.6M
Property Plant And Equipment Net	11.5M	11.3M	4.9M	4.8M	4.6M	8.5M
Net Debt	183.6K	(2.0M)	(1.4M)	(1.0M)	(3.2M)	(3.3M)
Retained Earnings	(24.6M)	(25.7M)	(34.6M)	(36.6M)	(40.4M)	(38.4M)
Cash	721.7K	2.8M	2.0M	1.6M	3.6M	2.7M
Non Current Assets Total	11.5M	11.4M	4.9M	4.8M	4.8M	8.6M
Cash And Short Term Investments	846.1K	2.9M	2.0M	1.6M	3.6M	4.4M
Net Receivables	53.9K	97.2K	75.3K	20.0K	76.0K	129.7K
Common Stock Shares Outstanding	56.2M	66.1M	88.6M	104.4M	138.7M	145.6M
Short Term Investments	124.4K	132.5K	57.8K	12.3K	22.0K	20.9K
Liabilities And Stockholders Equity	12.4M	14.4M	7.0M	6.5M	8.5M	13.1M
Non Current Liabilities Total	781.0K	670.4K	509.8K	420.8K	310.1K	451.3K
Other Stockholder Equity	454.8K	1.2M	1.2M	1.0M	925.1K	878.8K
Total Liab	1.1M	1.1M	787.8K	749.4K	866.3K	669.4K
Total Current Assets	900.0K	3.0M	2.1M	1.6M	3.7M	4.5M
Total Current Liabilities	269.7K	398.3K	277.9K	328.6K	556.2K	281.2K
Accounts Payable	15.9K	91.0K	47.3K	96.7K	243.9K	170.8K
Accumulated Other Comprehensive Income	454.8K	1.2M	1.2M	1.0M	1.6M	840.2K
Net Tangible Assets	11.4M	13.3M	6.2M	5.7M	5.1M	4.9M
Non Currrent Assets Other	70.7K	55.2K	39.3K	39.3K	154.7K	162.5K
Other Assets	127.2K	111.3K	151.3K	154.7K	178.0K	152.9K
Common Stock	35.5M	37.9M	39.6M	41.2M	46.4M	40.6M
Property Plant Equipment	11.4M	11.2M	4.8M	4.7M	4.2M	8.3M
Net Invested Capital	11.4M	13.3M	6.2M	5.7M	7.6M	8.2M
Net Working Capital	630.3K	2.6M	1.8M	1.3M	3.2M	2.3M
Capital Stock	35.5M	37.9M	39.6M	41.2M	46.4M	43.3M

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